NOT LISTED FOR SALE

524 Norcross Way Silver Spring, MD 20904

Estimated Value: $680,000 - $769,000

4 Beds
3.5 Baths
3,241 Sq Ft
$222/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $555,000 $171 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,368/month

Highlights

  • Open Floorplan
  • Colonial Architecture
  • Cathedral Ceiling
  • Springbrook High School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of October 2020

Spectacular contemporary colonial in sought after Valleybrook.  Pristine cul-de-sac location with nicely landscaped lot. You are just a stone's throw from Meadowood Park. Home features re-polished hardwood floors covering the entire main floor and basement and freshly painted throughout. Cathedral ceilings and open floor plan, including the brand new skylights, bring in so much natural light.  Entertain in your open kitchen, with new vinyl flooring and stainless steel appliances. Wind down next to your wood burning fireplace for these upcoming chilly fall and winter nights. Enjoy the private deck just off the updated kitchen and family room; the perfect spot to relax or entertain. New owners will benefit from a brand new roof, gutters and siding. New carpet installed 9/2020!

Last Agent to Sell the Property

Ryan McKevitt

(240) 593-7644 ryan@speichergroup.com Real Broker, LLC - Gaithersburg License #SP200200531 Listed on: 08/27/2020

Real Broker, LLC - Gaithersburg

Co-Listed By

Peggy Lyn Speicher

(808) 495-3525 peggylyn@speichergroup.com Real Broker, LLC - Gaithersburg License #324114

Last Buyer's Agent

Mekete Mulugeta

(240) 444-9792 Homeswithmiku@gmail.com HomeSmart License #675757

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,926

Year Built

  • Built in 1987

Lot Details

  • 10,000 Sq Ft Lot
  • Property is in excellent condition
  • Property is zoned R200

Parking

  • 2 Car Attached Garage
  • 4 Driveway Spaces
  • Front Facing Garage
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Architectural Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • 1 Fireplace
  • Family Room Off Kitchen
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Partially Carpeted
  • Heavy Duty
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Valleybrook Subdivision

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 160502514030

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,926

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Deck Grill
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2020-08-27
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Remarks Public: Spectacular contemporary colonial in sought after Valleybrook.  Pristine cul-de-sac location with nicely landscaped lot. You are just a stone's throw from Meadowood Park. Home features re-polished hardwood floors covering the entire main floor and basement and freshly painted throughout. Cathedral ceilings and open floor plan, including the brand new skylights, bring in so much natural light.  Entertain in your open kitchen, with new vinyl flooring and stainless steel appliances. Wind down next to your wood burning fireplace for these upcoming chilly fall and winter nights. Enjoy the private deck just off the updated kitchen and family room; the perfect spot to relax or entertain. New owners will benefit from a brand new roof, gutters and siding. New carpet installed 9/2020!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Exhaust Fan, Oven/Range - Gas, Refrigerator, Washer
  • Flooring Type: Hardwood, Vinyl, Partially Carpeted, Heavy Duty
  • Interior Amenities: Carpet, Dining Area, Family Room Off Kitchen, Kitchen - Table Space, Primary Bath(s), Upgraded Countertops, Wood Floors, Ceiling Fan(s), Floor Plan - Open, Skylight(s), Walk-In Closet(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, Cathedral Ceilings, Vaulted Ceilings
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished, Full, Interior Access
  • Total Sq Ft: 3241
  • Living Area Sq Ft: 3241
  • Price Per Sq Ft: 249.83
  • Above Grade Finished Sq Ft: 2161
  • Below Grade Finished Sq Ft: 1080
  • Total Below Grade Sq Ft: 1080
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 524

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 4

Utilities

  • Refuse: 308.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 185800.00
  • Land Assessed Value: 223600.00
  • Land Use Code: 011
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10000.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent, Very Good
  • Year Assessed: 2020
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13849376
  • Tax Annual Amount: 4926.00
  • Assessor Parcel Number: 160502514030
  • Tax Lot: 36
  • Tax Total Finished Sq Ft: 2161
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 10/23/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Oct 23, 2020
Sold by
Magloire Jeffrey
Bought by
Lemma Fisseha and Mekonen Frehiwot
Seller's Agent
Ryan McKevitt
Real Broker, LLC - Gaithersburg
Buyer's Agent
Mekete Mulugeta
HomeSmart
List Price
$539,888
Sold Price
$555,000
Premium/Discount to List
$15,112
2.8%
Current Estimated Value
$720,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,411
Avg. Annual Appreciation
5.41%
Original Mortgage
$555,000
Outstanding Balance
$492,743
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$227,668

Purchase Details

Listed on
Aug 17, 2012
Closed on
Dec 12, 2012
Sold by
Satya Llc
Bought by
Magloire Jeffrey
Seller's Agent
Pamela DuBois
EXP Realty, LLC
Buyer's Agent
Nicola Taylor
TTR Sotheby's International Realty
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.40%

Purchase Details

Listed on
Aug 16, 2011
Closed on
Jul 13, 2012
Sold by
Borniea Eva A
Bought by
Satya Llc
Seller's Agent
Jimmy Fasusi
Fairfax Realty Premier
Buyer's Agent
Pamela DuBois
EXP Realty, LLC
List Price
$299,000
Sold Price
$320,200
Premium/Discount to List
$21,200
7.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
159.44%

Purchase Details

Closed on
Feb 2, 2009
Sold by
Bugeja Emma
Bought by
Borniea Eva A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,682
Interest Rate
6.13%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 2008
Sold by
Bugeja Emma
Bought by
Borniea Eva A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,682
Interest Rate
6.13%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 1996
Sold by
Bugeja Emma
Bought by
Bugeja Emma and Bugeja R
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lemma Fisseha $555,000 Stewart Title Guaranty Co
Magloire Jeffrey $460,000 --
Satya Llc $320,200 Mta Title & Escrow Llc
Borniea Eva A $485,000 --
Borniea Eva A $485,000 --
Bugeja Emma -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemma Fisseha $555,000
Previous Owner Borniea Eva A $478,682
Previous Owner Borniea Eva A $478,682
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2020 10/23/20 Sold $555,000 +2.8% $171 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $539,888 -2.7% $167 / Sq Ft
09/10/2020 09/10/20 Off Market $555,000 -- --
08/29/2020 08/29/20 For Sale $550,000 -0.9% $170 / Sq Ft
08/27/2020 08/27/20 Off Market $555,000 -- --
08/27/2020 08/27/20 For Sale $540,000 +17.4% $167 / Sq Ft
11/27/2012 11/27/12 Sold $460,000 0.0% $213 / Sq Ft View Prior Sale
11/01/2012 11/01/12 Price Changed $460,000 +2.4% $213 / Sq Ft
10/31/2012 10/31/12 Pending -- -- --
09/22/2012 09/22/12 Price Changed $449,000 -4.4% $208 / Sq Ft
09/07/2012 09/07/12 Price Changed $469,900 -5.8% $217 / Sq Ft
08/17/2012 08/17/12 For Sale $499,000 +55.8% $231 / Sq Ft
07/13/2012 07/13/12 Sold $320,200 0.0% $148 / Sq Ft View Prior Sale
03/14/2012 03/14/12 Pending -- -- --
03/10/2012 03/10/12 Off Market $320,200 -- --
03/07/2012 03/07/12 Price Changed $299,999 +0.3% $139 / Sq Ft
03/05/2012 03/05/12 Price Changed $299,000 0.0% $138 / Sq Ft
03/05/2012 03/05/12 For Sale $299,000 -25.1% $138 / Sq Ft
02/10/2012 02/10/12 Pending -- -- --
10/12/2011 10/12/11 Price Changed $399,000 -15.5% $185 / Sq Ft
08/16/2011 08/16/11 For Sale $472,000 -- $218 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,719 $575,133 -- --
2024 $6,719 $530,867 $0 $0
2023 $5,494 $486,600 $223,600 $263,000
2022 $4,928 $460,867 $0 $0
2021 $4,581 $435,133 $0 $0
2020 $8,524 $409,400 $223,600 $185,800
2019 $4,235 $409,400 $223,600 $185,800
2018 $4,523 $409,400 $223,600 $185,800
2017 $4,329 $412,900 $0 $0
2016 $4,720 $404,333 $0 $0
2015 $4,720 $395,767 $0 $0
2014 $4,720 $387,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC720480

Bright MLS

APN: 05-02514030