M
Landlord's Agent in 2025
Michael MacKay
Bay Property Management Group
(240) 778-3264
8 Franklin Ave Silver Spring, MD 20901
Silver Spring Park Neighborhood
3
Beds
2
Baths
2,005
Sq Ft
$358
Price per Sq Ft
Highlights
- Attic
- 1 Fireplace
- Central Air
- Highland View Elementary School Rated A
- Den
- Heat Pump System
About This Home
As of February 2025Charming 3 BR/2 BA Single-Family Home in Silver Spring! The spacious living area boasts beautiful hardwood flooring, creating a warm and inviting atmosphere. The kitchen is equipped with stone countertop, cabinetry and appliances. Enjoy the natural light pouring into the sunroom, providing a tranquil space to relax and unwind. The separate dining area is ideal for hosting gatherings with friends and family. The finished basement provides extra living space, perfect for a home office, entertainment area, or additional storage. Additional storage space is available in the storage shed, ensuring a clutter-free living environment. With driveway and on-street parking, you'll never have to worry about finding a spot for your vehicle!
Local Attractions:
- Downtown Silver Spring: A lively urban center offering restaurants, shops, theaters, and cultural events.
- Brookside Gardens: Explore beautiful gardens, walking trails, and horticultural displays in a tranquil setting.
- AFI Silver Theatre and Cultural Center: Catch independent and classic films, as well as special events and festivals at this historic theater.
- Sligo Creek Park: Enjoy outdoor activities, picnics, and scenic trails in this expansive green space.
- National Museum of Health and Medicine: Discover the history of military medicine and medical innovations through exhibits and collections.
Nearby Highways:
- Interstate 495 (I-495) / Capital Beltway: Providing easy access to the Washington, D.C. metropolitan area and connecting to other major regional highways.
- Georgia Avenue (MD-97): A significant north-south route that offers access to Silver Spring's vibrant downtown and connects to nearby communities.
Pets are welcome with additional non-refundable pet fee!
Application Qualifications: Minimum monthly income 3 times the tenant’s portion of the monthly rent, acceptable rental history, acceptable credit history and acceptable criminal history. More specific information provided with the application.
All Bay Management Group residents are automatically enrolled in the Resident Benefits Package (RBP) for $39.95/month, which includes renters insurance, credit building to help boost your credit score with timely rent payments, $1M Identity Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, and much more! The Resident Benefits Package is a voluntary program and may be terminated at any time, for any reason, upon thirty (30) days’ written notice. Tenants that do not upload their own renters insurance to the Tenant portal 5 days prior to move in will be automatically included in the RBP and the renters insurance program. More details upon application.
Last Agent to Rent the Property
(240) 778-3264 bmgrentals@baymgmtgroup.com Bay Property Management Group Listed on: 01/27/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,397
Year Built
- Built in 1947
Lot Details
- 6,600 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- Property has 3 Levels
- 1 Fireplace
- Den
- Finished Basement
- Interior Basement Entry
- Attic
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- Driveway
- On-Street Parking
Utilities
- Central Air
- Heat Pump System
- Natural Gas Water Heater
Community Details
- $40 Other Monthly Fees
- Silver Spring Subdivision
Listing and Financial Details
- Residential Lease
- Security Deposit $2,850
- 12-Month Min and 24-Month Max Lease Term
- Available 3/20/25
- Assessor Parcel Number 161301006742
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 16, 2023
Sold by
Kravitz Dwight Jaceb
Bought by
Kravitz Dwight Jacob
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,788
Outstanding Balance
$328,849
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$388,228
Purchase Details
Closed on
Sep 1, 2009
Sold by
Boison Gregory L and Boison Elizabeth S
Bought by
Kravitz Dwight Jacob and Manavalan Punitha
Purchase Details
Closed on
Jul 25, 2002
Sold by
Petrov Carol L
Bought by
Boison Gregory L and Boison Elizabeth S
Purchase Details
Closed on
Jul 19, 2001
Sold by
Bell Paul and Bell J
Bought by
Petrov Carol L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kravitz Dwight Jacob | -- | Mortgage Connect | |
| Kravitz Dwight Jacob | $429,000 | -- | |
| Boison Gregory L | $322,000 | -- | |
| Petrov Carol L | $229,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kravitz Dwight Jacob | $365,788 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/20/2025 02/20/25 | Rented | $2,850 | 0.0% | -- |
| 01/27/2025 01/27/25 | For Rent | $2,850 | +1.8% | -- |
| 02/22/2024 02/22/24 | Rented | $2,800 | 0.0% | -- |
| 02/21/2024 02/21/24 | For Rent | $2,800 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $7,397 | $599,933 | -- | -- |
| 2024 | $7,397 | $579,000 | $308,300 | $270,700 |
| 2023 | $6,410 | $555,367 | $0 | $0 |
| 2022 | $4,286 | $531,733 | $0 | $0 |
| 2021 | $5,502 | $508,100 | $258,300 | $249,800 |
| 2020 | $6,385 | $490,967 | $0 | $0 |
| 2019 | $5,054 | $473,833 | $0 | $0 |
| 2018 | $4,842 | $456,700 | $258,300 | $198,400 |
| 2017 | $4,843 | $448,600 | $0 | $0 |
| 2016 | $3,988 | $440,500 | $0 | $0 |
| 2015 | $3,988 | $432,400 | $0 | $0 |
| 2014 | $3,988 | $420,133 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael MacKay
-
datacorrect BrightMLS
d
Tenant's Agent in 2025
datacorrect BrightMLS
Non Subscribing Office
Map
Source: Bright MLS
MLS Number: MDMC2163914
APN: 13-01006742
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