$550,000
SOLD SEP 14, 2018

601 Ritchie Ave Silver Spring, MD 20910

Silver Spring Park Neighborhood
0.47 Acre
$1,170,213 Price per Acre
20,473 Sq Ft Lot

Recently Sold

3% Below List Price

297 Days on Market

Highlights

  • 0.47 Acre Lot
  • Partially Wooded Lot
  • No HOA
  • Takoma Park Middle School Rated A
  • Corner Lot
  • 4-minute walk to Sligo Ave Neighborhood Park

About This Lot

As of July 2020

Amazing opportunity to build two high end homes. This is a package of two lots, 601 Ritchie, lot 44, 10,984 sq ft, at corner of PB and 603 Ritchie, lot 43, 9,573 sq ft, tax id 161303190026 behind lot 44.Both are recorded separately and have separate tax records. Taxes on 603 are $3840. In popular close in SS/TP community, handy to Takoma Metro and DT SS.

Last Agent to Sell the Property

Margaret Finn

Perennial Real Estate Listed on: 10/01/2017

Co-Listed By

Dan Metcalf

Perennial Real Estate License #515828

Last Buyer's Agent

Stacey Styslinger

Compass License #595211

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,913

Lot Details

  • 0.47 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Partially Wooded Lot
  • Additional Land
  • No Building Permits
  • Property is zoned R60

Utilities

  • No Septic System

Community Details

  • No Home Owners Association
  • Blair Subdivision

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 161303190037

Property Details

Property Type

Land

Est. Annual Taxes

$3,913

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Remarks Public: Amazing opportunity to build two high end homes. This is a package of two lots, 601 Ritchie, lot 44, 10,984 sq ft, at corner of PB and 603 Ritchie, lot 43, 9,573 sq ft, tax id 161303190026 behind lot 44.Both are recorded separately and have separate tax records. Taxes on 603 are $3840. In popular close in SS/TP community, handy to Takoma Metro and DT SS.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 27.55
  • Street Number Modifier: 601

Exterior Features

  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic System

Condo/Co-op/Association

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

Lot Info

  • Fencing: Partially
  • Lot Features: Additional Lot(s), Corner, Partly Wooded
  • Lot Size Acres: 0.47
  • Lot Size Area: 20507
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20507.00
  • Possible Use: Residential
  • Year Assessed: 2017
  • Zoning: R60

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14068650
  • Tax Annual Amount: 3912.98
  • Assessor Parcel Number: 161303190037
  • Tax Lot: 44
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 09/14/2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2020
Closed on
Jul 24, 2020
Sold by
Ritchie Springs Llc
Bought by
Berehe Solomon A
Seller's Agent
Jennifer Smira
Compass
Buyer's Agent
Andre Asselin
The Agency DC
List Price
$1,300,000
Sold Price
$1,285,000
Premium/Discount to List
-$15,000
-1.15%
Current Estimated Value
$1,547,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,499
Avg. Annual Appreciation
3.63%
Original Mortgage
$1,028,000
Outstanding Balance
$922,103
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$616,168

Purchase Details

Listed on
Oct 1, 2017
Closed on
Sep 14, 2018
Sold by
Waldrop Ross V and Winkler Penelope K
Bought by
Ritchie Springs Llc
Seller's Agent
Margaret Finn
Perennial Real Estate
Buyer's Agent
Stacey Styslinger
Compass
List Price
$565,000
Sold Price
$550,000
Premium/Discount to List
-$15,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.43%
Original Mortgage
$720,475
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $1,285,000 Paragon Title & Escrow Co
Deed $275,000 Paragon Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,028,000 New Conventional
Previous Owner $720,475 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2020 07/27/20 Sold $1,285,000 -1.2% $276 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
03/26/2020 03/26/20 For Sale $1,300,000 +136.4% $279 / Sq Ft
09/14/2018 09/14/18 Sold $550,000 -2.7% --
07/25/2018 07/25/18 Pending -- -- --
02/16/2018 02/16/18 Price Changed $565,000 0.0% --
02/16/2018 02/16/18 For Sale $565,000 +2.7% --
02/01/2018 02/01/18 Off Market $550,000 -- --
11/14/2017 11/14/17 For Sale $600,000 0.0% --
10/27/2017 10/27/17 Pending -- -- --
10/01/2017 10/01/17 For Sale $600,000 -- --
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
2024 $15,549 $1,199,100 $366,000 $833,100
2023 $15,739 $1,156,033 $0 $0
2022 $13,274 $1,112,967 $0 $0
2021 $12,733 $1,069,900 $366,000 $703,900
2020 $4,038 $366,000 $366,000 $0
2019 $4,036 $366,000 $366,000 $0
2018 $4,043 $366,000 $366,000 $0
2017 $3,913 $353,100 $0 $0
2016 -- $340,200 $0 $0
2015 $3,470 $327,300 $0 $0
2014 $3,470 $327,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Smira

    Seller's Agent in 2020

    Jennifer Smira

    Compass

    (202) 340-7675

    7 in this area

    837 Total Sales

    Section Image
  • Alysa Francis

    Seller Co-Listing Agent in 2020

    Alysa Francis

    Compass

    (202) 907-6989

    5 in this area

    16 Total Sales

    Section Image
  • Andre Asselin

    Buyer's Agent in 2020

    Andre Asselin

    The Agency DC

    (240) 702-3852

    3 in this area

    114 Total Sales

    Section Image
  • Margaret Finn

    Seller's Agent in 2018

    Margaret Finn

    Perennial Real Estate

    (301) 602-5810

    Section Image
  • Dan Metcalf

    Seller Co-Listing Agent in 2018

    Dan Metcalf

    Perennial Real Estate

    (301) 830-1221

    32 in this area

    218 Total Sales

    Section Image
  • Stacey Styslinger

    Buyer's Agent in 2018

    Stacey Styslinger

    Compass

    (240) 351-7635

    10 in this area

    106 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1001008241

Bright MLS

APN: 13-03190037

Maryland Montgomery County Silver Spring 20910 Silver Spring Park

601 Ritchie Ave, Silver Spring, MD

This home is located at 601 Ritchie Ave, Silver Spring, MD 20910 and is currently priced at $550,000. 601 Ritchie Ave 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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