NOT LISTED FOR SALE

702 Wayne Ave Silver Spring, MD 20910

Silver Spring Park Neighborhood

Estimated Value: $798,681 - $886,000

3 Beds
3.5 Baths
2,082 Sq Ft
$406/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $765,000 $367 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,162/month

8 Days on Market

Highlights

  • Cape Cod Architecture
  • Traditional Floor Plan
  • Attic
  • Sligo Creek Elementary School Rated A
  • Wood Flooring
  • 2 Fireplaces

About This Home

As of May 2021

The best of both worlds...walk to DTSS/Library/Whole Foods/Metro/Sligo Park/grade school and middle school and playground, while enjoying a comfortable gem of a home with large backyard, covered patio, and garage accessed by a deeded rear right of way/alley. This home is larger than it appears from the street. House has been well maintained and there have been so many updates in recent years, including SOLAR PANELS , newer kitchen appliances, double glazed windows, finished basement rooms for an office or guests. See the property disclosures for more information and click on photos and the VIRTUAL FLOOR PLAN TOUR.. See disclosures re work for future Purple line on existing Wayne Ave. NOTE; Sellers will not read or consider any personal notes from a prospective buyer.

Last Agent to Sell the Property

Judith Hanrahan

(301) 728-1197 jhanrahan113@verizon.net Samson Properties License #48427 Listed on: 04/08/2021

Samson Properties

Last Buyer's Agent

Caroline Doong

(301) 908-1237 carolinedoong@gmail.com RE/MAX Realty Centre, Inc. License #SP97131

RE/MAX Realty Centre, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,999

Year Built

  • Built in 1928

Lot Details

  • 7,060 Sq Ft Lot
  • Back Yard Fenced
  • Property is in very good condition
  • Property is zoned R60

Parking

  • 2 Car Detached Garage
  • 2 Driveway Spaces
  • Rear-Facing Garage
  • Garage Door Opener
  • Dirt Driveway
  • On-Street Parking

Home Design

  • Cape Cod Architecture
  • Stucco

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Built-In Features
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • 2 Fireplaces
  • Insulated Windows
  • Window Screens
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Bonus Room
  • Workshop
  • Storage Room
  • Attic

Kitchen

  • Gas Oven or Range
  • Self-Cleaning Oven
  • Built-In Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Slate Flooring
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Cedar Closet
  • Solar Tube

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Heated Basement
  • Interior Basement Entry
  • Basement Windows

Eco-Friendly Details

  • Solar Heating System

Utilities

  • Central Air
  • Radiator
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Downtown Silver Spring Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 161301040650

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,999

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2021-04-09
  • Year Built: 1928
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Dishwasher, Disposal, Dryer, Oven - Self Cleaning, Oven/Range - Gas, Refrigerator, Range Hood, Washer, Water Heater
  • Flooring Type: Ceramic Tile, Hardwood, Slate
  • Interior Amenities: Built-Ins, Attic, Cedar Closet(s), Ceiling Fan(s), Floor Plan - Traditional, Recessed Lighting, Skylight(s), Solar Tube(s), Wood Floors
  • Window Features: Insulated, Screens
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Bedroom 1, Laundry, Storage Room, Workshop, Bonus Room
  • Basement: Yes
  • Basement Type: Heated, Interior Access, Partially Finished, Windows
  • Total Sq Ft: 2462
  • Living Area Sq Ft: 2082
  • Price Per Sq Ft: 462.54
  • Above Grade Finished Sq Ft: 1682
  • Below Grade Finished Sq Ft: 400
  • Below Grade Sq Ft: 380
  • Total Below Grade Sq Ft: 780
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Dirt Driveway
  • Garage Features: Garage Door Opener, Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage, Driveway, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Refuse: 416.42
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas, Solar
  • Heating Type: Radiator, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Rear
  • Improvement Assessed Value: 259900.00
  • Land Assessed Value: 340400.00
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7060.00
  • Property Condition: Very Good
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14008304
  • Tax Annual Amount: 6999.00
  • Assessor Parcel Number: 161301040650
  • Tax Lot: 17
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 28, 2021
Sold by
Rhodes Terrel L and Rhodes Mary A
Bought by
Ackerson Michael Robert and Gagrica Lara Nicole
Seller's Agent
Judith Hanrahan
Samson Properties
Buyer's Agent
Caroline Doong
RE/MAX Realty Centre, Inc.
List Price
$778,000
Sold Price
$765,000
Premium/Discount to List
-$13,000
-1.67%
Current Estimated Value
$845,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,420
Avg. Annual Appreciation
2.20%
Original Mortgage
$688,500
Outstanding Balance
$623,351
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$222,069

Purchase Details

Closed on
Mar 29, 2007
Sold by
Oder Richard P
Bought by
Rhodes Terrel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2007
Sold by
Oder Richard P
Bought by
Rhodes Terrel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2004
Sold by
Karpinski Jeffrey Z and Karpinski E C
Bought by
Oder Richard P

Purchase Details

Closed on
Jun 27, 1995
Sold by
Beck Thomas M
Bought by
Karpinski Jeffrey Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.82%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ackerson Michael Robert $765,000 Home Settlement Centre Llc
Rhodes Terrel L $575,000 --
Rhodes Terrel L $575,000 --
Oder Richard P $463,500 --
Karpinski Jeffrey Z $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ackerson Michael Robert $688,500
Previous Owner Rhodes Terrel L $460,000
Previous Owner Rhodes Terrel L $460,000
Previous Owner Karpinski Jeffrey Z $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $765,000 -1.7% $367 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $778,000 -- $374 / 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 $8,947 $699,300 $340,400 $358,900
2024 $8,947 $713,700 $340,400 $373,300
2023 $7,799 $675,900 $0 $0
2022 $7,003 $638,100 $0 $0
2021 $13,521 $600,300 $340,400 $259,900
2020 $6,414 $593,900 $0 $0
2019 $6,307 $587,500 $0 $0
2018 $6,217 $581,100 $340,400 $240,700
2017 $5,712 $548,600 $0 $0
2016 -- $516,100 $0 $0
2015 $4,902 $483,600 $0 $0
2014 $4,902 $482,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Judith Hanrahan

    Seller's Agent in 2021

    Judith Hanrahan

    Samson Properties

    (301) 728-1197

    2 in this area

    9 Total Sales

    Judith Hanrahan
    Section Image
  • Caroline Doong

    Buyer's Agent in 2021

    Caroline Doong

    RE/MAX

    (301) 908-1237

    1 in this area

    73 Total Sales

    Caroline Doong
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC750644

Bright MLS

APN: 13-01040650

Maryland Montgomery County Silver Spring 20910 Silver Spring Park

702 Wayne Ave, Silver Spring, MD

Not Listed for Sale

Detached

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