NOT LISTED FOR SALE

701 Wayne Ave Silver Spring, MD 20910

Silver Spring Park Neighborhood

Estimated Value: $721,951 - $837,000

4 Beds
2 Baths
1,831 Sq Ft
$434/Sq Ft Est. Value

Last Sold October 11, 2016

Last sale price $555,000 $303 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,780/month

30 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Country Kitchen
  • Sligo Creek Elementary School Rated A
  • No HOA
  • Baseboard Heating

About This Home

As of October 2016

Fantastic opportunity to own in great location. Needs updating and TLC but bones are great on this one! Fully finished lower level with half bath and rooms, main level with lots of potential, porch, great yard and more! Good investor potential or great for first time rehabbers!

Last Agent to Sell the Property

Leo Pareja

(703) 646-7522 leo@remine.com Leo Pareja Referral Company Listed on: 08/12/2016

Co-Listed By

Linda Christensen

(571) 275-0769 lchristensen01@aol.com Homestead Realty

Last Buyer's Agent

Trian Johnson

(301) 523-1132 tjohnsonsana@ttrsir.com TTR Sotheby's International Realty License #576718

TTR Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,818

Year Built

  • Built in 1936

Lot Details

  • 10,083 Sq Ft Lot
  • Property is zoned R60

Parking

  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Finished Basement
  • Connecting Stairway
  • Country Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Silver Spring Subdivision

Listing and Financial Details

  • Tax Lot P1
  • Assessor Parcel Number 161301041450

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,818

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1936
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Country
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Construction Materials: Vinyl Siding
  • 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: 368.11
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • 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

Lot Info

  • Improvement Assessed Value: 220700.00
  • Land Assessed Value: 362800.00
  • Lot Size Acres: 0.23
  • Lot Size Area: 10083
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10083.00
  • Zoning: R60

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14008369
  • Tax Annual Amount: 5818.06
  • Assessor Parcel Number: 161301041450
  • Tax Lot: P1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2019
Sold by
Posten Lauren Ann and Wolfe Kyle Andrew
Bought by
State Highway Admin Of Md Dept Of Trans
Current Estimated Value
$795,238

Purchase Details

Listed on
Aug 12, 2016
Closed on
Oct 11, 2016
Sold by
Allen Judson M and Luwana Llc
Bought by
Posten Lauren Ann and Wolfe Kyle Andrew
Seller's Agent
Leo Pareja
Leo Pareja Referral Company
Buyer's Agent
Trian Johnson
TTR Sotheby's International Realty
List Price
$549,900
Sold Price
$555,000
Premium/Discount to List
$5,100
0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.97%
Original Mortgage
$527,250
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2016
Sold by
Butler Faith and Kohler Zoila N
Bought by
Luwana Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
3.64%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
State Highway Admin Of Md Dept Of Trans $90,025 Property Title & Escrow Llc
Posten Lauren Ann $555,000 Commonwealth Land Title
Luwana Llc $450,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Posten Lauren Ann $527,250
Previous Owner Luwana Llc $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2016 10/11/16 Sold $555,000 +0.9% $303 / Sq Ft
09/11/2016 09/11/16 Pending -- -- --
08/12/2016 08/12/16 For Sale $549,900 -- $300 / 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 $7,514 $578,000 $357,300 $220,700
2024 $7,514 $589,200 $357,300 $231,900
2023 $7,433 $584,067 $0 $0
2022 $4,666 $578,933 $0 $0
2021 $6,918 $573,800 $357,300 $216,500
2020 $6,091 $573,800 $357,300 $216,500
2019 $6,848 $573,800 $357,300 $216,500
2018 $6,935 $583,500 $362,800 $220,700
2017 $5,778 $549,833 $0 $0
2016 -- $516,167 $0 $0
2015 $4,631 $482,500 $0 $0
2014 $4,631 $482,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Leo Pareja

    Seller's Agent in 2016

    Leo Pareja

    Leo Pareja Referral Company

    (703) 646-7522

    Leo Pareja
    Section Image
  • Linda Christensen

    Seller Co-Listing Agent in 2016

    Linda Christensen

    Homestead Realty

    (571) 275-0769

    1 Total Sale

    Linda Christensen
    Section Image
  • Trian Johnson

    Buyer's Agent in 2016

    Trian Johnson

    TTR Sotheby's International Realty

    (301) 523-1132

    1 in this area

    56 Total Sales

    Trian Johnson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002470952

Bright MLS

APN: 13-01041450

Maryland Montgomery County Silver Spring 20910 Silver Spring Park

701 Wayne Ave, Silver Spring, MD

Not Listed for Sale

Detached

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