NOT LISTED FOR SALE

706 Silver Spring Ave Silver Spring, MD 20910

Silver Spring Park Neighborhood

Estimated Value: $627,000 - $746,000

3 Beds
1 Bath
2,123 Sq Ft
$325/Sq Ft Est. Value

Last Sold December 06, 2022

Last sale price $605,000 $285 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,330/month

16 Days on Market

Highlights

  • Cape Cod Architecture
  • Traditional Floor Plan
  • Main Floor Bedroom
  • Hayes Elementary School Rated 9+
  • Wood Flooring
  • 1 Fireplace

About This Home

As of December 2022

11/13 Open House Cancelled.

A stone’s throw from downtown Silver Spring, this charming cape is the perfect starter home with incredible renovation potential or the opportunity to custom build on a sizable .25-acre lot.

706 Silver Spring Avenue offers formal and informal living spaces, three bedrooms, and 1 full bath on the main level. The ground floor is spacious, open and ready to accommodate any needs, be it work from home, an exercise space or otherwise.

The private backyard is fully fenced. The patio with arbor offers shade and additional outdoor living space for enjoying coffee in the morning or entertaining.

Conveniently located near transit, schools, restaurants and shops yet nestled away on a quiet residential street, this home offers the convenience of proximate city living as well as privacy and peace.

Sellers have architectural renderings they are willing to share upon request for renovation and expansion.

Last Agent to Sell the Property

Elizabeth Meltzer

(301) 252-4596 elizabeth.meltzer@compass.com Compass License #SP200201926 Listed on: 10/27/2022

Compass

Co-Listed By

Margie Halem

(301) 775-4196 margie@compass.com Compass

Last Buyer's Agent

Marci Wasserman

(301) 807-7246 marci@marciwrealtor.com Perennial Real Estate License #SP98377021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,823

Year Built

  • Built in 1918

Lot Details

  • 0.25 Acre Lot
  • Property is zoned R60

Parking

  • On-Street Parking

Home Design

  • Cape Cod Architecture
  • Rambler Architecture
  • Cottage
  • Poured Concrete
  • Frame Construction
  • Architectural Shingle Roof
  • Active Radon Mitigation

Interior Spaces

  • Property has 1 Level
  • Traditional Floor Plan
  • Built-In Features
  • Ceiling Fan
  • 1 Fireplace
  • Window Treatments
  • Sliding Windows
  • Window Screens
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Electric Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Side Basement Entry
  • Basement Windows

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot P14
  • Assessor Parcel Number 161301039478

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,823

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage, Cape Cod, Ranch/Rambler
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-10-27
  • Year Built: 1918
  • Automatically Close On Close Date: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet
  • Interior Amenities: Built-Ins, Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Flat, Floor Plan - Traditional, Formal/Separate Dining Room, Tub Shower, Window Treatments, Wood Floors
  • Window Features: Sliding, Screens
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Active Radon Mitigation
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen, Family Room
  • Basement: Yes
  • Basement Type: Full, Interior Access, Poured Concrete, Side Entrance, Unfinished, Windows
  • Total Sq Ft: 2974
  • Living Area Sq Ft: 2123
  • Price Per Sq Ft: 470.13
  • Above Grade Finished Sq Ft: 1272
  • Below Grade Finished Sq Ft: 851
  • Below Grade Sq Ft: 851
  • Total Below Grade Sq Ft: 1702
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 478.24
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Community

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: 3rd Party

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 300400.00
  • Land Assessed Value: 365800.00
  • Lot Size Acres: 0.25
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10900.00
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14008210
  • Tax Annual Amount: 6823.00
  • Assessor Parcel Number: 161301039478
  • Tax Lot: P14
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2015
Closed on
Nov 10, 2015
Sold by
Gamble Graham N and Manville Susan M
Bought by
Lewis Samuel V and Lewis Heidi M
Seller's Agent
Diann Heine
Washington Fine Properties, LLC
Buyer's Agent
Rob Carter
TTR Sotheby's International Realty
List Price
$450,000
Sold Price
$485,000
Premium/Discount to List
$35,000
7.78%
Current Estimated Value
$689,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,540
Avg. Annual Appreciation
3.57%
Original Mortgage
$388,000
Outstanding Balance
$306,008
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$383,532

Purchase Details

Closed on
Apr 25, 2006
Sold by
Clark Robert L
Bought by
Gamble Graham N and Manville Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,200
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2006
Sold by
Clark Robert L
Bought by
Gamble Graham N and Manville Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,200
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2005
Sold by
Rogers John F
Bought by
Clark Robert L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lewis Samuel V $485,000 Fidelity Natl Title Ins Co
Gamble Graham N $429,000 --
Gamble Graham N $429,000 --
Clark Robert L $272,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Samuel V $388,000
Previous Owner Gamble Graham N $343,200
Previous Owner Gamble Graham N $343,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2022 12/06/22 Sold $605,000 +1.2% $285 / Sq Ft
11/13/2022 11/13/22 Pending -- -- --
11/07/2022 11/07/22 Price Changed $598,000 -5.8% $282 / Sq Ft
10/27/2022 10/27/22 For Sale $635,000 +30.9% $299 / Sq Ft
11/10/2015 11/10/15 Sold $485,000 +7.8% $459 / Sq Ft View Prior Sale
09/19/2015 09/19/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $450,000 -- $426 / 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 $8,400 $681,200 -- --
2024 $8,400 $666,200 $365,800 $300,400
2023 $7,070 $612,633 $0 $0
2022 $4,506 $559,067 $0 $0
2021 $2,736 $505,500 $365,800 $139,700
2020 $10,598 $492,833 $0 $0
2019 $5,123 $480,167 $0 $0
2018 $4,962 $467,500 $365,800 $101,700
2017 $5,001 $460,900 $0 $0
2016 $5,222 $454,300 $0 $0
2015 $5,222 $447,700 $0 $0
2014 $5,222 $447,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Meltzer

    Seller's Agent in 2022

    Elizabeth Meltzer

    Compass

    (301) 252-4596

    3 in this area

    43 Total Sales

    Elizabeth Meltzer
    Section Image
  • Margie Halem

    Seller Co-Listing Agent in 2022

    Margie Halem

    Compass

    (301) 775-4196

    2 in this area

    298 Total Sales

    Margie Halem
    Section Image
  • Marci Wasserman

    Buyer's Agent in 2022

    Marci Wasserman

    Perennial Real Estate

    (301) 807-7246

    13 in this area

    131 Total Sales

    Marci Wasserman
    Section Image
  • Diann Heine

    Seller's Agent in 2015

    Diann Heine

    Washington Fine Properties, LLC

    (202) 329-7444

    16 Total Sales

    Diann Heine
    Section Image
  • Rob Carter

    Buyer's Agent in 2015

    Rob Carter

    TTR Sotheby's International Realty

    (202) 250-9470

    1 in this area

    225 Total Sales

    Rob Carter
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2074092

Bright MLS

APN: 13-01039478

Maryland Montgomery County Silver Spring 20910 Silver Spring Park

706 Silver Spring Ave, Silver Spring, MD

Not Listed for Sale

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