NOT LISTED FOR SALE

7205 Flower Ave Takoma Park, MD 20912

-- Bed
3 Baths
2,314 Sq Ft
7,250 Sq Ft Lot

Last Sold July 01, 2020

Last sale price $520,000 $225 Per Sq Ft

91 Days on Market

Highlights

  • Second Kitchen
  • Colonial Architecture
  • Attic
  • Takoma Park Elementary School Rated A-
  • Wood Flooring
  • 2-minute walk to Sligo Creek North Neighborhood Park

About This Home

As of July 2020

Located in the sought after City of Takoma Park, just steps from popular Sligo Creek Park with miles of trails in both directions, this all brick 4 level 3 unit multi-family has 3 self-contained licensed units. Each unit has individual gas and electric meters and its own heating gas-fired furnace. One tenant there for 13 years, one 5 years, and one over 1 year. Plenty of off-street parking in the rear. Close to bus lines linking to metro stations and shopping. A very popular area to rent. Purple line station coming soon to the area. The units have wood floors (two are covered by new carpet) and the main level unit has a fireplace (currently not used). Owner pays common electric, water/sewer and gas hot water only. Tenants pay heating, light, and A/C use. Units show average but good long term tenants. There are two 2 bedroom units and one 1 bedroom unit. The upper-level 2BR has a walk-up attic good for storage and possible future expansion. Conventional residential financing is available. For owner-occupants VA Financing is possible. Tenants are m/m. A new roof was installed 4-1-20. The seller has just installed a new carpet in Unit 3 (LL) and in Unit 2 (Upper Level). This is in a fabulous and sought after location and a very popular place to live. These units will always have tenants due to demand in the area.

Last Agent to Sell the Property

David Maplesden

Long & Foster Real Estate, Inc. License #90067 Listed on: 03/03/2020

Long & Foster Real Estate, Inc.

Co-Listed By

Elliot Barber

Long & Foster Real Estate, Inc. License #637018

Last Buyer's Agent

Russell Chandler

Redfin Corp

Redfin Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,400

Year Built

  • Built in 1936

Lot Details

  • 7,250 Sq Ft Lot
  • Infill Lot

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1 Fireplace
  • Double Pane Windows
  • Combination Kitchen and Dining Room
  • Attic
  • Basement

Kitchen

  • Kitchenette
  • Second Kitchen
  • Stove

Flooring

  • Wood
  • Carpet

Parking

  • 4 Open Parking Spaces
  • Shared Driveway
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting

Schools

  • Takoma Park Elementary And Middle School
  • Montgomery Blair High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Natural Gas Water Heater
  • Municipal Trash
  • High Speed Internet
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • The owner pays for accounting/legal, common area maintenance, insurance, miscellaneous, pest control, repairs, sewer, sewer maintenance, snow removal, supplies, real estate taxes, water
  • Tax Lot 19
  • Assessor Parcel Number 161303178002

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 4-Story Building
  • Takoma Park Subdivision

Building Details

  • Rent Control
  • Income includes apartment rentals
  • Insurance Expense $897
  • Maintenance Expense $1,275
  • Other Expense $92
  • Trash Expense $286
  • Operating Expense $600
  • Net Operating Income $24,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,400

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Other Expense: 92.00
  • Expected On Market: 2020-03-03
  • Year Built: 1936
  • Remarks Public: Located in the sought after City of Takoma Park, just steps from popular Sligo Creek Park with miles of trails in both directions, this all brick 4 level 3 unit multi-family has 3 self-contained licensed units. Each unit has individual gas and electric meters and its own heating gas-fired furnace. One tenant there for 13 years, one 5 years, and one over 1 year. Plenty of off-street parking in the rear. Close to bus lines linking to metro stations and shopping. A very popular area to rent. Purple line station coming soon to the area. The units have wood floors (two are covered by new carpet) and the main level unit has a fireplace (currently not used). Owner pays common electric, water/sewer and gas hot water only. Tenants pay heating, light, and A/C use. Units show average but good long term tenants. There are two 2 bedroom units and one 1 bedroom unit. The upper-level 2BR has a walk-up attic good for storage and possible future expansion. Conventional residential financing is available. For owner-occupants VA Financing is possible. Tenants are m/m. A new roof was installed 4-1-20. The seller has just installed a new carpet in Unit 3 (LL) and in Unit 2 (Upper Level). This is in a fabulous and sought after location and a very popular place to live. These units will always have tenants due to demand in the area.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Stove
  • Flooring Type: Hardwood, Carpet
  • Interior Amenities: 2nd Kitchen, Attic, Combination Kitchen/Dining, Kitchenette
  • Window Features: Double Pane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Room Count: 17
  • Basement: Yes
  • Total Sq Ft: 2496
  • Living Area Sq Ft: 2314
  • Price Per Sq Ft: 324.52
  • Above Grade Finished Sq Ft: 1664
  • Above Grade Unfinished Sq Ft: 182
  • Below Grade Finished Sq Ft: 650
  • Total Below Grade Sq Ft: 650
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7205

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Road Surface Type: Paved
  • Roof: Asphalt
  • Spa: No
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Parking Features: Unassigned, Shared Driveway
  • Type Of Parking: Driveway, Off Street

Utilities

  • Refuse: 48.18
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Dsl Available, Fiber Optics Available, Multiple Phone Lines, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: TAKOMA PARK
  • Middle School: TAKOMA PARK
  • High School: MONTGOMERY BLAIR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: TAKOMA PARK
  • High School: MONTGOMERY BLAIR
  • Middle Or Junior School: TAKOMA PARK

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 140400.00
  • Land Assessed Value: 385100.00
  • Land Use Code: 011
  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7250.00
  • Soil Types: Unknown
  • Year Assessed: 2020
  • Zoning: R40
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 3
  • Owner Pays: Accounting/Legal, Common Area Maintenance, Insurance, Miscellaneous, Pest Control, Repairs, Sewer, Sewer Maintenance, Snow Removal, Supplies, Taxes - Real Estate, Water
  • Rent Control: Yes
  • Total Actual Rent: 40184.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14068493
  • Tax Annual Amount: 8400.00
  • Assessor Parcel Number: 161303178002
  • Tax Lot: 19
  • Tax Total Finished Sq Ft: 1664
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 07/01/2020

Multi Family

  • Gross Income: 40184.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 600.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2020 07/01/20 Sold $520,000 -3.7% $225 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $540,000 -- $233 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Maplesden

    Seller's Agent in 2020

    David Maplesden

    Long & Foster

    (202) 270-7253

    35 in this area

    103 Total Sales

    David Maplesden
    Section Image
  • Elliot Barber

    Seller Co-Listing Agent in 2020

    Elliot Barber

    Long & Foster

    (240) 603-8401

    35 in this area

    122 Total Sales

    Elliot Barber
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC697242

Bright MLS

APN: 13-03178002

Maryland Montgomery County Takoma Park 20912

7205 Flower Ave, Takoma Park, MD

This home is located at 7205 Flower Ave, Takoma Park, MD 20912 since 03 March 2020. This property was built in 1936. 7205 Flower Ave is a home located in Montgomery County with nearby schools including Takoma Park Elementary School, Piney Branch Elementary School, and Takoma Park Middle School.

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