NOT LISTED FOR SALE

702 Erie Ave Takoma Park, MD 20912

Estimated Value: $682,000 - $797,000

3 Beds
2 Baths
1,502 Sq Ft
$492/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $645,000 $429 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,643/month

Highlights

  • View of Trees or Woods
  • Deck
  • Wood Flooring
  • Montgomery Blair High School Rated A+
  • Traditional Floor Plan
  • Main Floor Bedroom

About This Home

As of October 2022

Welcome to this renovated tree-top bungalow in an idyllic setting with a delightful front porch in vibrant and friendly Takoma Park! Delight in bird watching or chatting with the neighbors while enjoying your morning coffee from the charming swing on this picture-perfect home’s inviting front porch. Circa 1928, this enchanting property features superb architectural details, wonderful woodwork and floors, exquisite chandeliers, a handsome fireplace, newer doors, vintage glass doorknobs, recessed lighting, and keyless entry. Enter the light-filled living room with fireplace, which opens to a spacious dining room via a beautiful archway – this elegant room has crown- and chair-rail molding and a decorative spoked lighting fixture. The thoughtfully redesigned sun-drenched kitchen offers quartz counters, stainless steel appliances, gas cooking on a five-burner range, brass accents, a porcelain farm sink, subway tile backsplash, a pantry, a skylight, and a charming breakfast room with a built-in banquet and access to the back deck. Enjoy beautiful views and dancing natural light from the kitchen with extraordinary seasonal Cherry Blossoms! The main level is complete with two bedrooms and a renovated marble bathroom. The bright primary bedroom has extensive built-in closets with organizing systems. Downstairs is an inviting family room with durable laminate flooring and a built-in wet bar area that coupled a restored vintage sink with a new sparking brass faucet. There is a generous third bedroom, a renovated full bathroom, and a sizeable laundry / storage room with an exterior entrance on this level. Fixed attic stairs lead to lots of storage space. Outside is a scenic yard, a covered front porch, a rear deck, and oversized driveway highlighted by a colorful mural retaining wall – the work of a local artist. Conveniently located near Sligo Creek Park on a quiet close-knit street with neighborhood potluck dinners!

The perfect location: close to Sligo Creek Park, Takoma Park Library and Community Center. 1.2 miles to the Takoma Park Metro Station! Enjoy living in eclectic Takoma Park; the location offers all the allure and convenience of this very special area. Relish the warm sense of community as well as ready access to shopping, restaurants, the farmer’s market, and entertainment in both Takoma Park and wonderful, vibrant downtown Silver Spring. See you there!

Last Agent to Sell the Property

Dan Metcalf

(301) 830-1221 dan@finnfamilygroup.com Perennial Real Estate License #515828 Listed on: 09/22/2022

Last Buyer's Agent

Barak Sky

(301) 742-5759 barak@theskygroup.com Serhant License #SP600552

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,824

Year Built

  • Built in 1928

Lot Details

  • 5,335 Sq Ft Lot
  • Southeast Facing Home
  • Property is in excellent condition
  • Property is zoned R40

Home Design

  • Bungalow
  • Block Foundation
  • Frame Construction

Interior Spaces

  • Property has 2.5 Levels
  • Traditional Floor Plan
  • Chair Railings
  • Wainscoting
  • 1 Fireplace
  • Replacement Windows
  • Family Room
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Views of Woods
  • Attic

Kitchen

  • Eat-In Kitchen
  • Stove
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior and Side Basement Entry
  • Laundry in Basement
  • Basement Windows

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Suburban Location

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Takoma Park Subdivision

Listing and Financial Details

  • Tax Lot P29
  • Assessor Parcel Number 161301066016

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,824

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2022-09-22
  • Federal Flood Zone: No
  • Year Built: 1928
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Welcome to this renovated tree-top bungalow in an idyllic setting with a delightful front porch in vibrant and friendly Takoma Park! Delight in bird watching or chatting with the neighbors while enjoying your morning coffee from the charming swing on this picture-perfect home’s inviting front porch. Circa 1928, this enchanting property features superb architectural details, wonderful woodwork and floors, exquisite chandeliers, a handsome fireplace, newer doors, vintage glass doorknobs, recessed lighting, and keyless entry. Enter the light-filled living room with fireplace, which opens to a spacious dining room via a beautiful archway – this elegant room has crown- and chair-rail molding and a decorative spoked lighting fixture. The thoughtfully redesigned sun-drenched kitchen offers quartz counters, stainless steel appliances, gas cooking on a five-burner range, brass accents, a porcelain farm sink, subway tile backsplash, a pantry, a skylight, and a charming breakfast room with a built-in banquet and access to the back deck. Enjoy beautiful views and dancing natural light from the kitchen with extraordinary seasonal Cherry Blossoms! The main level is complete with two bedrooms and a renovated marble bathroom. The bright primary bedroom has extensive built-in closets with organizing systems. Downstairs is an inviting family room with durable laminate flooring and a built-in wet bar area that coupled a restored vintage sink with a new sparking brass faucet. There is a generous third bedroom, a renovated full bathroom, and a sizeable laundry / storage room with an exterior entrance on this level. Fixed attic stairs lead to lots of storage space. Outside is a scenic yard, a covered front porch, a rear deck, and oversized driveway highlighted by a colorful mural retaining wall – the work of a local artist. Conveniently located near Sligo Creek Park on a quiet close-knit street with neighborhood potluck dinners! The perfect location: close to Sligo Creek Park, Takoma Park Library and Community Center. 1.2 miles to the Takoma Park Metro Station! Enjoy living in eclectic Takoma Park; the location offers all the allure and convenience of this very special area. Relish the warm sense of community as well as ready access to shopping, restaurants, the farmer’s market, and entertainment in both Takoma Park and wonderful, vibrant downtown Silver Spring. See you there!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Stove, Refrigerator, Dishwasher, Disposal, Dryer, Washer, Extra Refrigerator/Freezer
  • Flooring Type: Luxury Vinyl Tile, Laminated, Laminate Plank, Ceramic Tile, Hardwood
  • Interior Amenities: Wood Floors, Wainscotting, Upgraded Countertops, Kitchen - Table Space, Kitchen - Eat-In, Formal/Separate Dining Room, Floor Plan - Traditional, Entry Level Bedroom, Combination Kitchen/Dining, Chair Railings
  • Window Features: Replacement
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2.5
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Laundry, Storage Room, Bathroom 1, Bathroom 2, Attic
  • Basement: Yes
  • Basement Type: Walkout Level, Windows, Side Entrance, Fully Finished, Full, Daylight, Full, Connecting Stairway, Interior Access, Outside Entrance
  • Laundry Type: Basement
  • Total Sq Ft: 1904
  • Living Area Sq Ft: 1502
  • Price Per Sq Ft: 650.21
  • Above Grade Finished Sq Ft: 952
  • Below Grade Finished Sq Ft: 550
  • Below Grade Sq Ft: 402
  • Total Below Grade Sq Ft: 952
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 702

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Spa: No
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street, Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Refuse: 38.07
  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • 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
  • Additional Parcels: No
  • Improvement Assessed Value: 184100.00
  • Land Assessed Value: 327500.00
  • Land Use Code: R
  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5335.00
  • Outdoor Living Structures: Porch(es), Deck(s)
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: R40
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 14010471
  • Tax Annual Amount: 7824.00
  • Assessor Parcel Number: 161301066016
  • Tax Lot: P29
  • Tax Total Finished Sq Ft: 1502
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/12/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2022
Closed on
Oct 12, 2022
Sold by
Fitz Duncan J
Bought by
Cutillo Christine
Seller's Agent
Dan Metcalf
Perennial Real Estate
Buyer's Agent
Barak Sky
Serhant
List Price
$619,000
Sold Price
$645,000
Premium/Discount to List
$26,000
4.2%
Views
1
Current Estimated Value
$739,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,697
Avg. Annual Appreciation
4.77%
Original Mortgage
$423,000
Outstanding Balance
$407,491
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$332,206

Purchase Details

Listed on
Jun 2, 2016
Closed on
Aug 31, 2016
Sold by
Lipp Anne L
Bought by
Fitz Duncan J and Fitz Anastasia M
Seller's Agent
Margaret Finn
Perennial Real Estate
Buyer's Agent
Katrina Schymik Abjornson
Compass
List Price
$410,000
Sold Price
$397,500
Premium/Discount to List
-$12,500
-3.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$377,625
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 29, 2012
Closed on
Mar 25, 2013
Sold by
Eisenberg Warren W and The Warren W Eisenberg Revocab
Bought by
Lipp Anne L
Seller's Agent
Patricia Vucich
RE/MAX Excellence Realty
Buyer's Agent
Lisa Patterson
Coldwell Banker Realty
List Price
$419,000
Sold Price
$375,000
Premium/Discount to List
-$44,000
-10.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.71%
Original Mortgage
$321,586
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 1999
Sold by
Eisenberg Warren W and Eisenberg M R
Bought by
Eisenberg Warren W Tr
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
Cutillo Christine $645,000 Commonwealth Land Title
Fitz Duncan J $397,500 First American Title Ins Co
Lipp Anne L $375,000 Kvs Title Llc
Eisenberg Warren W Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cutillo Christine $423,000
Previous Owner Fitz Duncan J $377,625
Previous Owner Lipp Anne L $321,586
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2022 10/12/22 Sold $645,000 +4.2% $429 / Sq Ft
09/24/2022 09/24/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $619,000 +55.7% $412 / Sq Ft
08/31/2016 08/31/16 Sold $397,500 -0.6% $418 / Sq Ft
08/03/2016 08/03/16 Pending -- -- --
07/21/2016 07/21/16 Price Changed $399,900 -2.5% $420 / Sq Ft
06/02/2016 06/02/16 For Sale $410,000 +9.3% $431 / Sq Ft
03/25/2013 03/25/13 Sold $375,000 -3.4% $394 / Sq Ft
01/27/2013 01/27/13 Pending -- -- --
01/17/2013 01/17/13 Price Changed $388,000 -7.4% $408 / Sq Ft
11/29/2012 11/29/12 For Sale $419,000 -- $440 / 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 $8,847 $592,800 -- --
2024 $8,847 $511,600 $327,500 $184,100
2023 $9,159 $489,600 $0 $0
2022 $7,684 $467,600 $0 $0
2021 $6,764 $445,600 $327,500 $118,100
2020 $6,588 $435,600 $0 $0
2019 $6,411 $425,600 $0 $0
2018 $6,193 $415,600 $327,500 $88,100
2017 $5,341 $376,567 $0 $0
2016 -- $337,533 $0 $0
2015 $5,263 $298,500 $0 $0
2014 $5,263 $298,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2068924

Bright MLS

APN: 13-01066016