NOT LISTED FOR SALE

706 Venice Dr Silver Spring, MD 20904

Estimated Value: $602,360 - $686,000

4 Beds
2.5 Baths
2,302 Sq Ft
$279/Sq Ft Est. Value

Last Sold August 13, 2020

Last sale price $465,000 $202 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,865/month

2 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • Property is in very good condition
  • Springbrook High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of August 2020

A great location to DC, Rockville, Baltimore and more. Only a 5-10 minute drive to I-495, ICC-200, and Rt 29. Don't miss this gorgeous well maintained, sun-filled, and recently upgraded 4 bedroom and 2 1/2 bath split level home. The 4th room is big enough to be used as a rec room. Updated new cabinets, sink, microwave, and more in the kitchen, bathrooms, newly refinished floors on the main and lower levels, freshly painted throughout, and New roof and AC. A fully fenced yard and a walkout basement with a beautiful and spacious backyard. Extra-long driveway provides additional parking spots. Won't last long!

Last Agent to Sell the Property

Faith Kim

(240) 462-0027 Realtyfaith@gmail.com Giant Realty, Inc. License #680572 Listed on: 06/30/2020

Last Buyer's Agent

Kibruyisfa Lakew

(202) 489-3842 kibruyisfa@msn.com Fairfax Realty Premier License #607788

Fairfax Realty Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,328

Year Built

  • Built in 1956

Lot Details

  • 0.29 Acre Lot
  • Property is in very good condition
  • Property is zoned R90

Home Design

  • Split Level Home
  • Brick Exterior Construction

Interior Spaces

  • Property has 4 Levels
  • 1 Fireplace
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Parking

  • 6 Parking Spaces
  • 6 Driveway Spaces

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Springbrook Terrace Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 160500350623

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,328

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Level
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-06-30
  • Year Built: 1956
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 4
  • Basement: Yes
  • Basement Type: Walkout Level
  • Total Sq Ft: 2302
  • Living Area Sq Ft: 2302
  • Price Per Sq Ft: 242.69
  • Above Grade Finished Sq Ft: 1916
  • Below Grade Finished Sq Ft: 386
  • Total Below Grade Sq Ft: 386
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Combination
  • 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: 6
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Refuse: 308.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 136700.00
  • Land Assessed Value: 229600.00
  • Lot Size Acres: 0.29
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12750.00
  • Property Condition: Very Good
  • Zoning: R90
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 13911181
  • Tax Annual Amount: 4328.00
  • Assessor Parcel Number: 160500350623
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Aug 13, 2020
Sold by
Kim Myoung B and Kim Hong B
Bought by
Dadi Wude and Wolu Solomon A
Seller's Agent
Faith Kim
Giant Realty, Inc.
Buyer's Agent
Kibruyisfa Lakew
Fairfax Realty Premier
List Price
$429,999
Sold Price
$465,000
Premium/Discount to List
$35,001
8.14%
Current Estimated Value
$642,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,840
Avg. Annual Appreciation
6.16%
Original Mortgage
$372,000
Outstanding Balance
$329,375
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$313,465

Purchase Details

Closed on
Apr 17, 2001
Sold by
Kim Myoung B
Bought by
Kim Myoung B and Kim Hong B

Purchase Details

Closed on
Apr 21, 2000
Sold by
White Hilda P
Bought by
Kim Myoung B

Purchase Details

Closed on
Jun 2, 1999
Sold by
White Paul E and White P H
Bought by
White Hilda P
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
Dadi Wude $465,000 Realty Title Services Inc
Kim Myoung B $93,334 --
Kim Myoung B $2,025,000 --
White Hilda P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dadi Wude $372,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2020 08/13/20 Sold $465,000 0.0% $202 / Sq Ft
07/27/2020 07/27/20 Price Changed $465,000 +8.1% $202 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/30/2020 06/30/20 Price Changed $429,990 0.0% $187 / Sq Ft
06/30/2020 06/30/20 For Sale $429,999 -- $187 / 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 $6,043 $502,233 -- --
2024 $6,043 $472,167 $0 $0
2023 $6,365 $442,100 $229,600 $212,500
2022 $4,442 $416,833 $0 $0
2021 $4,100 $391,567 $0 $0
2020 $3,786 $366,300 $229,600 $136,700
2019 $3,637 $355,133 $0 $0
2018 $3,494 $343,967 $0 $0
2017 $3,442 $332,800 $0 $0
2016 -- $327,200 $0 $0
2015 $3,698 $321,600 $0 $0
2014 $3,698 $316,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC713300

Bright MLS

APN: 05-00350623