NOT LISTED FOR SALE

701 Lowander Ln Silver Spring, MD 20901

Silver Spring Park Neighborhood

Estimated Value: $619,000 - $637,000

4 Beds
2.5 Baths
2,160 Sq Ft
$291/Sq Ft Est. Value

Last Sold November 20, 2012

Last sale price $350,000 $162 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,816/month

Highlights

  • Wood Flooring
  • No HOA
  • Eat-In Kitchen
  • Montgomery Knolls Elementary School Rated A
  • Upgraded Countertops
  • Forced Air Heating and Cooling System

About This Home

As of November 2012

4 lvl 4BA split level in great condition. Gleaming hardwood floors throughout, granite counters in kitchen & stainless appliances. Open layout gives you plenty of room for whatever you need. In quiet neighborhood, yet only seconds away from 495 and Four Corners; filled with shops & restaurants.

Last Agent to Sell the Property

Karen Rollings

(301) 924-8200 karenrollings@gmail.com EXP Realty, LLC License #66514 Listed on: 10/16/2012

EXP Realty, LLC

Last Buyer's Agent

Kiros Asmamaw

(202) 207-6036 kasmamaw@gmail.com Heymann Realty, LLC License #595185

Heymann Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,270

Year Built

  • Built in 1960

Lot Details

  • 7,680 Sq Ft Lot
  • Property is in very good condition
  • Property is zoned R60

Parking

  • Off-Street Parking

Home Design

  • Split Foyer
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Window Treatments
  • Dining Area
  • Wood Flooring
  • Washer

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Franklin Knolls Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 161301356170

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,270

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Foyer
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1960
  • Remarks Public: 4 lvl 4BA split level in great condition. Gleaming hardwood floors throughout, granite counters in kitchen & stainless appliances. Open layout gives you plenty of room for whatever you need. In quiet neighborhood, yet only seconds away from 495 and Four Corners; filled with shops & restaurants.
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Microwave, Refrigerator, Stove, Washer
  • Interior Amenities: Dining Area, Kitchen - Eat-In, Upgraded Countertops, Window Treatments, Wood Floors
  • Fireplace: No
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full, Unfinished
  • Living Area Units: Square Feet
  • Street Number Modifier: 701

Beds/Baths

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

Exterior Features

  • Construction Materials: Combination, Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Refuse: 372.67
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Improvement Assessed Value: 172000.00
  • Land Assessed Value: 185300.00
  • Lot Size Acres: 0.18
  • Lot Size Area: 7680
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7680.00
  • Property Condition: Very Good
  • Year Assessed: 2012
  • Zoning: R60

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14038022
  • Tax Annual Amount: 4269.86
  • Assessor Parcel Number: 161301356170
  • Tax Lot: 5
  • Tax Total Finished Sq Ft: 2160
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011
  • Close Date: 11/20/2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2012
Closed on
Nov 20, 2012
Sold by
Witkin Anna N
Bought by
Teshome Mekbib and Betelhem Tsegave
Seller's Agent
Karen Rollings
EXP Realty, LLC
Buyer's Agent
Kiros Asmamaw
Heymann Realty, LLC
List Price
$349,000
Sold Price
$350,000
Premium/Discount to List
$1,000
0.29%
Current Estimated Value
$629,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,342
Avg. Annual Appreciation
4.66%
Original Mortgage
$339,500
Outstanding Balance
$235,377
Interest Rate
3.46%
Mortgage Type
New Conventional
Estimated Equity
$393,965
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Teshome Mekbib $350,000 Millennium Title & Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teshome Mekbib $339,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2012 11/20/12 Sold $350,000 +0.3% $162 / Sq Ft
10/20/2012 10/20/12 Pending -- -- --
10/16/2012 10/16/12 For Sale $349,000 -- $162 / 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 $5,589 $459,100 -- --
2024 $5,589 $422,000 $211,400 $210,600
2023 $4,839 $419,033 $0 $0
2022 $4,553 $416,067 $0 $0
2021 $4,454 $413,100 $211,400 $201,700
2020 $4,278 $400,267 $0 $0
2019 $4,101 $387,433 $0 $0
2018 $902 $374,600 $203,900 $170,700
2017 $4,040 $372,667 $0 $0
2016 -- $370,733 $0 $0
2015 $3,578 $368,800 $0 $0
2014 $3,578 $364,967 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Rollings

    Seller's Agent in 2012

    Karen Rollings

    EXP Realty, LLC

    (301) 924-8200

    7 in this area

    514 Total Sales

    Karen Rollings
    Section Image
  • Kiros Asmamaw

    Buyer's Agent in 2012

    Kiros Asmamaw

    Heymann Realty, LLC

    (202) 207-6036

    1 in this area

    127 Total Sales

    Kiros Asmamaw
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1004201606

Bright MLS

APN: 13-01356170

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

701 Lowander Ln, Silver Spring, MD

This home is located at 701 Lowander Ln, Silver Spring, MD 20901 since 16 October 2012 and is currently estimated at $629,342, approximately $291 per square foot. This property was built in 1960. 701 Lowander Ln is a home located in Montgomery County with nearby schools including Montgomery Knolls Elementary School, Pine Crest Elementary School, and Eastern Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes