NOT LISTED FOR SALE

Thayer Towers Condominiums 575 Thayer Ave Unit 505 Silver Spring, MD 20910

Silver Spring Park Neighborhood

Estimated Value: $214,000 - $280,000

2 Beds
1.5 Baths
970 Sq Ft
$628/mo HOA Fee

Last Sold April 23, 2021

Last sale price $238,000 $245 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,188/month

1 Day on Market

Highlights

  • Midcentury Modern Architecture
  • 1 Elevator
  • Security Service
  • Takoma Park Middle School Rated A
  • 1 Car Direct Access Garage
  • 5-minute walk to Nolte Local Park

About This Home

As of April 2021

Don't miss this seldom available 2 bedroom, 1 full bath and 1 half bath within walking distance of the Silver Spring Metro, a bus stop at the front door and all that Downtown Silver Spring has to offer. The spacious end unit has great natural light and a large private balcony that takes in the the morning sun and faces a wooded area. Both bedrooms will accommodate a king-size bed. The owner's bedroom features an en suite half bath and a large walk-in closet. The second bedroom has a large closet. The kitchen has roomy contemporary white cabinets and is accented with eye-catching pendant lights. It opens to the dining and living areas. The kitchen appliances include a gas stove, dishwasher, refrigerator and a built-in microwave. A newly refinished wooden countertop doubles as a chef's workspace. This immaculate apartment has shining parquet floors throughout and is newly painted and ready to move in. The apartment also features a separately deeded INDOOR PARKING spot. CONDO FEE IS ONLY $627.59/MONTH INCLUDING ALL UTILITIES - WATER, GAS, ELECTRIC.

Last Agent to Sell the Property

Maggie O'Reilly

Long & Foster Real Estate, Inc. License #80758 Listed on: 04/06/2021

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Christina Cachie

Compass License #682074

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,166

Year Built

  • Built in 1960

Lot Details

  • 1,089

HOA Fees

  • $628 Monthly HOA Fees

Parking

  • Basement Garage
  • Private Parking
  • Garage Door Opener
  • Parking Space Conveys

Home Design

  • 970 Sq Ft Home
  • Midcentury Modern Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Laundry on main level
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 161301635477

Community Details

Overview

  • Association fees include air conditioning, common area maintenance, custodial services maintenance, electricity, exterior building maintenance, gas, heat, insurance, laundry, parking fee, management, reserve funds, snow removal, trash, water
  • Mid-Rise Condominium
  • Thayer Towers Condominium Condos, Phone Number (301) 468-8919
  • Thayer Towers Community
  • Thayer Towers Subdivision
  • Property has 5 Levels

Amenities

  • Laundry Facilities
  • 1 Elevator
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,166

Year Built

Built in 1960

Lot Details

0

HOA Fees

$628 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Mid-Century Modern
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Don't miss this seldom available 2 bedroom, 1 full bath and 1 half bath within walking distance of the Silver Spring Metro, a bus stop at the front door and all that Downtown Silver Spring has to offer. The spacious end unit has great natural light and a large private balcony that takes in the the morning sun and faces a wooded area. Both bedrooms will accommodate a king-size bed. The owner's bedroom features an en suite half bath and a large walk-in closet. The second bedroom has a large closet. The kitchen has roomy contemporary white cabinets and is accented with eye-catching pendant lights. It opens to the dining and living areas. The kitchen appliances include a gas stove, dishwasher, refrigerator and a built-in microwave. A newly refinished wooden countertop doubles as a chef's workspace. This immaculate apartment has shining parquet floors throughout and is newly painted and ready to move in. The apartment also features a separately deeded INDOOR PARKING spot. CONDO FEE IS ONLY $627.59/MONTH INCLUDING ALL UTILITIES - WATER, GAS, ELECTRIC.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 5
  • Fireplace: No
  • Elevators Count: 1
  • Levels Count: 5
  • Basement: No
  • Laundry Type: Common, Main Floor
  • Total Sq Ft: 970
  • Living Area Sq Ft: 970
  • Price Per Sq Ft: 242.27
  • Above Grade Finished Sq Ft: 970
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 575

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: No
  • Parking Features: Parking Space Conveys, Private
  • Garage Features: Basement Garage, Garage Door Opener, Inside Access
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Refuse: 20.32
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 627.59
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Thayer Towers Condominium
  • Condo Co-Op Phone: 301-468-8919
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Security
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Common Area Maintenance, Custodial Services Maintenance, Electricity, Ext Bldg Maint, Gas, Heat, Insurance, Laundry, Parking Fee, Management, Reserve Funds, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No
  • Front Foot Fee Pymt Freq: Annually

Schools

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

Lot Info

  • Horses: No
  • Improvement Assessed Value: 140000.00
  • Land Assessed Value: 60000.00
  • Land Use Code: 011
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: R10
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 14050478
  • Tax Annual Amount: 2166.00
  • Assessor Parcel Number: 161301635477
  • Tax Total Finished Sq Ft: 970
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/23/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2021
Closed on
Apr 22, 2021
Sold by
Zehr Mary Ann
Bought by
Privateer Properties Llc
Seller's Agent
Maggie O'Reilly
Long & Foster Real Estate, Inc.
Buyer's Agent
Christina Cachie
Compass
List Price
$235,000
Sold Price
$238,000
Premium/Discount to List
$3,000
1.28%
Current Estimated Value
$245,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,708
Avg. Annual Appreciation
0.81%

Purchase Details

Closed on
Oct 25, 2011
Sold by
Lavuna Josephine
Bought by
Zehr Mary Ann

Purchase Details

Closed on
Oct 16, 2006
Sold by
Benkassem Hicham
Bought by
Lavuna Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 27, 2006
Sold by
Benkassem Hicham
Bought by
Lavuna Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2003
Sold by
Traore Amadou
Bought by
Benkassem Hicham and Turk Carolyn J
Source: Public Records

Range of Values:

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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
Privateer Properties Llc $238,000 Kvs Title Llc
Zehr Mary Ann $185,000 Fidelity National Title Ins
Lavuna Josephine $270,000 --
Lavuna Josephine $270,000 --
Benkassem Hicham $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lavuna Josephine $54,000
Previous Owner Lavuna Josephine $216,000
Previous Owner Lavuna Josephine $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $238,000 +1.3% $245 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $235,000 -- $242 / 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 $2,691 $231,667 -- --
2024 $2,691 $230,000 $69,000 $161,000
2023 $2,575 $220,000 $0 $0
2022 $2,356 $210,000 $0 $0
2021 $2,243 $200,000 $60,000 $140,000
2020 $3,027 $196,667 $0 $0
2019 $1,475 $193,333 $0 $0
2018 $2,099 $190,000 $57,000 $133,000
2017 $1,450 $186,667 $0 $0
2016 $1,691 $183,333 $0 $0
2015 $1,691 $180,000 $0 $0
2014 $1,691 $180,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Maggie O'Reilly

    Long & Foster

    (301) 367-8220

    2 in this area

    11 Total Sales

    Maggie O'Reilly
    Section Image
  • Christina Cachie

    Buyer's Agent in 2021

    Christina Cachie

    Compass

    (202) 431-9104

    14 in this area

    81 Total Sales

    Christina Cachie
    Section Image
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About Thayer Towers Condominiums

Map

Source: Bright MLS

MLS Number: MDMC751184

Bright MLS

APN: 13-01635477

Maryland Montgomery County Silver Spring 20910 Silver Spring Park

575 Thayer Ave Unit 505, Silver Spring, MD

This home is located at 575 Thayer Ave Unit 505, Silver Spring, MD 20910 since 06 April 2021 and is currently estimated at $245,708, approximately $253 per square foot. This property was built in 1960. 575 Thayer Ave Unit 505 is a home located in Montgomery County with nearby schools including Takoma Park Middle School, Montgomery Blair High School, and St. Michael the Archangel Catholic Church.

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