NOT LISTED FOR SALE

703 Gilbert St Takoma Park, MD 20912

Silver Spring Park Neighborhood

Estimated Value: $480,937 - $628,000

7 Beds
2 Baths
1,002 Sq Ft
$541/Sq Ft Est. Value

Last Sold April 13, 2012

Last sale price $200,000 $200 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $3,256/month

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • Montgomery Blair High School Rated A+
  • No HOA
  • 2-minute walk to Seek Lane Neighborhood Park

About This Home

As of April 2012

REDUCED AGAIN. SHORT SALE - 1 bank. Great house with lots of improvements. 8 bedrooms plus 1 den. Kitchenette and full bath in basement. Huge shed, 4-car fenced driveway. A MUST SEE.

Last Agent to Sell the Property

Jorge Vargas

(301) 938-1466 jvargas@vargashouses.com UnionPlus Realty, Inc. License #586545 Listed on: 01/15/2011

Last Buyer's Agent

Jumei Zhang

(202) 459-3385 mayzhang08@gmail.com Signature Home Realty LLC License #584942

Signature Home Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,386

Year Built

  • Built in 1952

Lot Details

  • 6,482 Sq Ft Lot
  • Property is in very good condition
  • Property is zoned R60

Parking

  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Window Treatments
  • Dining Area

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Rear and Side Entry
  • Natural lighting in basement

Utilities

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

Community Details

  • No Home Owners Association
  • Pt Wheaton Out Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 161300962536

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,386

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1952
  • Remarks Public: REDUCED AGAIN. SHORT SALE - 1 bank. Great house with lots of improvements. 8 bedrooms plus 1 den. Kitchenette and full bath in basement. Huge shed, 4-car fenced driveway. A MUST SEE.
  • Special Assessment Payment: Annually
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Stove, Washer
  • Interior Amenities: Dining Area, Window Treatments
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Outside Entrance, Side Entrance, Daylight, Full, Fully Finished, Rear Entrance
  • Living Area Units: Square Feet
  • Street Number Modifier: 703

Beds/Baths

  • Bedrooms: 7
  • Main Level Bedrooms: 2
  • Lower Level Bedroom: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full 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: 372.76
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 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: 107900.00
  • Land Assessed Value: 180700.00
  • Lot Size Acres: 0.15
  • Lot Size Area: 6482
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6482.00
  • Property Condition: Very Good
  • Year Assessed: 2010
  • Zoning: R60

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14001741
  • Tax Annual Amount: 3385.68
  • Assessor Parcel Number: 161300962536
  • Tax Lot: 2
  • Tax Page Number: 512
  • Tax Total Finished Sq Ft: 1002
  • County Tax Payment Frequency: Annually
  • Tax Year: 2010
  • Close Date: 04/13/2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2011
Closed on
Apr 13, 2012
Sold by
Duarte Alfredo
Bought by
Nvakyi Lea C
Seller's Agent
Jorge Vargas
UnionPlus Realty, Inc.
Buyer's Agent
Jumei Zhang
Signature Home Realty LLC
List Price
$389,900
Sold Price
$200,000
Premium/Discount to List
-$189,900
-48.7%
Current Estimated Value
$541,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,984
Avg. Annual Appreciation
7.63%
Original Mortgage
$160,000
Outstanding Balance
$110,514
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$431,470

Purchase Details

Closed on
Aug 31, 2000
Sold by
Sec Of Housring & Urban
Bought by
Duarte Alfredo

Purchase Details

Closed on
Apr 26, 2000
Sold by
Garcia Tomas and Garcia L
Bought by
Sec Of Housring & Urban and Development
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
Nvakyi Lea C $200,000 The Security Title Guarantee
Duarte Alfredo $140,000 --
Sec Of Housring & Urban $119,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nvakyi Lea C $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2012 04/13/12 Sold $200,000 -16.6% $200 / Sq Ft
02/14/2012 02/14/12 Price Changed $239,900 -7.7% $239 / Sq Ft
12/11/2011 12/11/11 Pending -- -- --
11/02/2011 11/02/11 Price Changed $259,900 -7.1% $259 / Sq Ft
04/29/2011 04/29/11 Price Changed $279,900 -6.7% $279 / Sq Ft
03/23/2011 03/23/11 Price Changed $299,999 -9.1% $299 / Sq Ft
02/14/2011 02/14/11 Price Changed $329,900 -2.9% $329 / Sq Ft
02/07/2011 02/07/11 Price Changed $339,900 -2.9% $339 / Sq Ft
01/28/2011 01/28/11 Price Changed $349,900 -10.3% $349 / Sq Ft
01/15/2011 01/15/11 For Sale $389,900 -- $389 / 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 $4,953 $393,800 -- --
2024 $4,953 $366,700 $198,800 $167,900
2023 $4,084 $353,500 $0 $0
2022 $3,717 $340,300 $0 $0
2021 $3,376 $327,100 $198,800 $128,300
2020 $3,376 $318,567 $0 $0
2019 $3,247 $310,033 $0 $0
2018 $3,128 $301,500 $198,800 $102,700
2017 $3,140 $298,200 $0 $0
2016 -- $294,900 $0 $0
2015 $2,842 $291,600 $0 $0
2014 $2,842 $290,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jorge Vargas

    UnionPlus Realty, Inc.

    (301) 938-1466

    25 Total Sales

    Jorge Vargas
    Section Image
  • Jumei Zhang

    Buyer's Agent in 2012

    Jumei Zhang

    Signature Home Realty LLC

    (202) 459-3385

    97 Total Sales

    Jumei Zhang
    Section Image
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Map

Source: Bright MLS

MLS Number: 1004271834

Bright MLS

APN: 13-00962536

Maryland Montgomery County Takoma Park 20912 Silver Spring Park

703 Gilbert St, Takoma Park, MD

This home is located at 703 Gilbert St, Takoma Park, MD 20912 since 15 January 2011 and is currently estimated at $541,984, approximately $540 per square foot. This property was built in 1952. 703 Gilbert St is a home located in Montgomery County with nearby schools including Rolling Terrace Elementary School, Silver Spring International Middle School, and Montgomery Blair High School.

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