Seller's Agent in 2022
Amy King
King Real Estate, Inc
(301) 467-1877
3 in this area
64 Total Sales
816 E Franklin Ave Silver Spring, MD 20901
Silver Spring Park NeighborhoodEstimated Value: $593,000 - $623,000
4
Beds
2.5
Baths
2,479
Sq Ft
$247/Sq Ft
Est. Value
Highlights
- Recreation Room
- Traditional Floor Plan
- Wood Flooring
- Montgomery Knolls Elementary School Rated A
- Rambler Architecture
- Main Floor Bedroom
About This Home
As of September 2022Lovely rambler in popular Franklin Knolls. Newly finished hardwood flooring on the main level, and freshly painted interior. Spacious kitchen with stainless steel appliances and brand new LVP flooring. Sunny table space in the kitchen with a picture window overlooking the back yard. Door from the kitchen table space to the carport and back yard. Expansive living room with a bay window, and a separate dining room. Four large bedrooms and two full bathrooms on the main level.
The lower level is finished with a recreation room (brand new carpeting), office with a door to the rear yard, laundry/storage room, work room, powder room and crawl space for additional storage.
Plenty of parking with a nice long driveway plus a carport with an entrance to the kitchen - great for unloading the groceries! Just off University Boulevard - minutes to 495! Community outdoor Franklin Knolls swimming pool can be joined for a yearly fee. Walk to the Northwest Branch Trail, and the Northwest Branch of the Anacostia River. Sidewalks throughout the neighborhood! Estimated taxes are incorrect - the current owner has greatly reduced property taxes and the taxes for a new owner will be higher. The basement is much larger than the tax record indicates.
Last Agent to Sell the Property
(301) 467-1877 amyking1530@gmail.com King Real Estate, Inc License #92692 Listed on: 07/07/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $592
Year Built
- Built in 1963
Lot Details
- 7,102 Sq Ft Lot
- Stone Retaining Walls
- Property is in very good condition
- Property is zoned R60
Home Design
- Rambler Architecture
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Aluminum Siding
Interior Spaces
- Property has 2 Levels
- Traditional Floor Plan
- Living Room
- Formal Dining Room
- Den
- Recreation Room
- Workshop
- Storage Room
- Attic
Kitchen
- Eat-In Country Kitchen
- Built-In Double Oven
- Cooktop with Range Hood
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
- Laundry Chute
Partially Finished Basement
- Heated Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
- Connecting Stairway
- Interior and Exterior Basement Entry
- Workshop
- Laundry in Basement
- Crawl Space
- Basement Windows
Parking
- 4 Parking Spaces
- 2 Driveway Spaces
- 1 Attached Carport Space
Outdoor Features
- Patio
Schools
- Montgomery Knolls Elementary School
- Eastern Middle School
- Montgomery Blair High School
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 28
- Assessor Parcel Number 161301351986
Community Details
Overview
- No Home Owners Association
- Franklin Knolls Subdivision
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2022
Closed on
Sep 20, 2022
Sold by
Nelson George W
Bought by
Lashtew Habtamu Fekadu
Seller's Agent
Amy King
King Real Estate, Inc
Buyer's Agent
Yework Birre
Heymann Realty, LLC
List Price
$575,000
Sold Price
$530,000
Premium/Discount to List
-$45,000
-7.83%
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,512
Avg. Annual Appreciation
4.91%
Original Mortgage
$514,100
Outstanding Balance
$492,319
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$120,193
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 |
|---|---|---|---|
| Lashtew Habtamu Fekadu | $530,000 | North American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lashtew Habtamu Fekadu | $514,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/20/2022 09/20/22 | Sold | $530,000 | -3.6% | $214 / Sq Ft |
| 08/24/2022 08/24/22 | Pending | -- | -- | -- |
| 07/29/2022 07/29/22 | Price Changed | $550,000 | -4.3% | $222 / Sq Ft |
| 07/07/2022 07/07/22 | For Sale | $575,000 | -- | $232 / Sq Ft |
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 | $5,277 | $429,967 | -- | -- |
| 2024 | $5,277 | $394,900 | $208,900 | $186,000 |
| 2023 | $5,223 | $392,267 | $0 | $0 |
| 2022 | $653 | $389,633 | $0 | $0 |
| 2021 | $554 | $387,000 | $208,900 | $178,100 |
| 2020 | $554 | $370,400 | $0 | $0 |
| 2019 | $521 | $353,800 | $0 | $0 |
| 2018 | $2,991 | $337,200 | $201,400 | $135,800 |
| 2017 | $3,559 | $335,500 | $0 | $0 |
| 2016 | -- | $333,800 | $0 | $0 |
| 2015 | $3,273 | $332,100 | $0 | $0 |
| 2014 | $3,273 | $331,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Amy King
-
Sam King
Seller Co-Listing Agent in 2022
Sam King
King Real Estate, Inc
(503) 806-7906
4 in this area
72 Total Sales
-
Yework Birre
Buyer's Agent in 2022
Yework Birre
Heymann Realty, LLC
(301) 442-4833
1 in this area
95 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2058828
APN: 13-01351986
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