NOT LISTED FOR SALE

Estimated Value: $629,000 - $894,000

-- Bed
2 Baths
1,508 Sq Ft
$485/Sq Ft Est. Value

Last Sold January 09, 2019

Last sale price $455,000 $302 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,598/month

60 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • 2 Car Detached Garage
  • Takoma Park Middle School Rated A
  • No HOA
  • Porch

About This Home

As of January 2019

Attractive south-facing Bungalow in ideal location--WalkScore = 98! Easily converted to a single-family home. Two one-bedroom units and one two-bedroom two bath unit; one unit vacant; one month-to-month; 3rd expires 12-31-2018. Original oak & pine floors, unpainted woodwork, big brick fireplace w/bookshelves...

Last Agent to Sell the Property

Patricia Vucich

(301) 509-4676 patriciavucich@outlook.com RE/MAX Excellence Realty License #73271 Listed on: 10/27/2018

Last Buyer's Agent

Uzoma Ogbuokiri

(202) 722-4343 uzi@uziteam.com Long & Foster Real Estate, Inc. License #0225091513

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,340

Year Built

  • Built in 1932

Lot Details

  • 7,500 Sq Ft Lot
  • Downtown Location
  • Partially Fenced Property
  • Level Lot
  • Back and Front Yard

Parking

  • 2 Car Detached Garage
  • 2 Open Parking Spaces
  • Front Facing Garage
  • Unpaved Parking
  • Off-Street Parking
  • Fenced Parking

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Main Floor Bedroom
  • 1,508 Sq Ft Home
  • Ceiling Fan
  • Fireplace Mantel
  • Window Screens
  • Wood Flooring

Kitchen

  • Gas Oven or Range
  • Extra Refrigerator or Freezer

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Side Exterior Basement Entry

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Porch

Schools

  • Montgomery Blair High School

Utilities

  • Window Unit Cooling System
  • Vented Exhaust Fan
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for all utilities, real estate taxes, water
  • Tax Lot 18
  • Assessor Parcel Number 161301041882

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Silver Spring Subdivision

Building Details

  • 1 Vacant Unit
  • Operating Expense $6,737
  • Gross Income $50,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,340

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1932
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Exhaust Fan, Oven/Range - Gas, Refrigerator, Extra Refrigerator/Freezer, Washer, Water Heater
  • Interior Amenities: Entry Level Bedroom, Wood Floors
  • Window Features: Storm, Screens
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Basement: Yes
  • Basement Type: Side Entrance, Outside Entrance, Full
  • Total Sq Ft: 1508
  • Living Area Sq Ft: 1508
  • Price Per Sq Ft: 357.43
  • Above Grade Finished Sq Ft: 1508
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Road Surface Type: Approved
  • Roof: Asphalt
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Parking Features: Fenced, Unpaved
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street, Detached Garage

Utilities

  • Refuse: 385.04
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s), Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • 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

Schools

  • High School Source: Listing Agent
  • High School: MONTGOMERY BLAIR

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 185900.00
  • Land Assessed Value: 343700.00
  • Lot Features: Front Yard, Level, Rear Yard
  • Lot Size Acres: 0.17
  • Lot Size Area: 7500
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Outdoor Living Structures: Porch(es)
  • Soil Types: Unknown
  • Zoning: R20
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: All Utilities, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 30000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14008396
  • Tax Annual Amount: 6339.78
  • Assessor Parcel Number: 161301041882
  • Tax Lot: 18
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Number Of Units Vacant: 1
  • Gross Scheduled Income: 50800.00
  • Operating Expense: 6737.00

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2018
Closed on
Jan 9, 2019
Sold by
Welu James A and Thompson Maureen A
Bought by
Negewo Bekele Debele
Seller's Agent
Patricia Vucich
RE/MAX Excellence Realty
Buyer's Agent
Uzoma Ogbuokiri
Long & Foster Real Estate, Inc.
List Price
$575,000
Sold Price
$455,000
Premium/Discount to List
-$120,000
-20.87%
Current Estimated Value
$731,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,354
Avg. Annual Appreciation
7.05%
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
Negewo Bekele Debele $455,000 Rgs Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2019 01/09/19 Sold $455,000 -15.6% $302 / Sq Ft
12/26/2018 12/26/18 Pending -- -- --
12/03/2018 12/03/18 Price Changed $539,000 -6.3% $357 / Sq Ft
10/27/2018 10/27/18 For Sale $575,000 -- $381 / 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 $9,192 $689,500 $343,700 $345,800
2024 $9,192 $735,000 $343,700 $391,300
2023 $8,435 $671,067 $0 $0
2022 $7,353 $607,133 $0 $0
2021 $6,581 $543,200 $343,700 $199,500
2020 $6,496 $538,667 $0 $0
2019 $6,411 $534,133 $0 $0
2018 $6,340 $529,600 $343,700 $185,900
2017 $5,875 $499,833 $0 $0
2016 -- $470,067 $0 $0
2015 $4,556 $440,300 $0 $0
2014 $4,556 $440,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1010009844

Bright MLS

APN: 13-01041882