NOT LISTED FOR SALE

Estimated Value: $425,526 - $546,000

2 Beds
2 Baths
997 Sq Ft
$565/mo HOA Fee

Last Sold August 24, 2020

Last sale price $491,500 $493 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,552/month

4 Days on Market

Highlights

  • Gourmet Kitchen
  • Open Floorplan
  • Main Floor Bedroom
  • Sligo Creek Elementary School Rated A
  • Wood Flooring
  • Upgraded Countertops

About This Home

As of August 2020

Located in the sought-after The Lofts 24 condos in downtown Silver Spring, this rarely available two bedroom, den/home office, and two full bath unit boasts urban convenience with contemporary luxury. The loft-style unit is flooded with brilliant natural light from expansive windows and the open-concept style presents the ideal space for comfortable living and dining. Off of the living area is a private balcony providing outdoor space and great cityscape views. The kitchen has a bar-style island, stainless steel appliances, and plenty of storage for all your cooking needs. The main level includes a den or home office with an existing Elfa shelving system. Upstairs the owner's loft suite has two generous walk-in closets and an ensuite bath. Completing this ideal condo is an in-unit washer and dryer and convenient assigned off-street parking by the unit entrance. Just steps away from the Silver Spring Metro, this prime location offers easy access to shops, restaurants, and all downtown Silver Spring has to offer.

Last Agent to Sell the Property

Allison Carle

(202) 905-5401 allison.carle@compass.com Compass License #660015 Listed on: 07/17/2020

Compass

Last Buyer's Agent

Linda Norman

(301) 602-6111 Linda.Norman@compass.com Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,603

Year Built

  • Built in 2006

HOA Fees

  • $565 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 997 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • Dining Area
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • Assigned parking located at #3
  • Parking Lot
  • Off-Street Parking
  • 1 Assigned Parking Space

Outdoor Features

  • Balcony

Schools

  • Sligo Creek Elementary School
  • Silver Spring International Middle School
  • Northwood High School

Utilities

  • Central Air
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • Association fees include water, common area maintenance, snow removal, trash, all ground fee
  • Low-Rise Condominium
  • The Lofts 24 Cod Community
  • The Elms At Clarksburg Subdivision

Listing and Financial Details

  • Assessor Parcel Number 161303528726

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,603

Year Built

Built in 2006

Lot Details

0

HOA Fees

$565 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Loft
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 2006
  • Assigned Parking Space Numbers: 3
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Oven - Single, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Dryer, Disposal, Dishwasher
  • Entry Floor: 1
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Store/Office, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 997
  • Living Area Sq Ft: 997
  • Price Per Sq Ft: 490.47
  • Above Grade Finished Sq Ft: 997
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot, Off Street
  • Parking Lot Number Of Spaces: 1

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 564.65
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Water, Common Area Maintenance, Snow Removal, Trash, All Ground Fee
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: SLIGO CREEK
  • High School: NORTHWOOD
  • Middle Or Junior School: SILVER SPRING INTERNATIONAL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 290500.00
  • Land Assessed Value: 124500.00
  • Outdoor Living Structures: Balcony
  • Zoning: CBD1
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 14101100
  • Tax Annual Amount: 4603.00
  • Assessor Parcel Number: 161303528726
  • 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
Jul 17, 2020
Closed on
Aug 24, 2020
Sold by
Bess Montayo W and Deane Bess Celandra
Bought by
Driver John A
Seller's Agent
Allison Carle
Compass
Buyer's Agent
Linda Norman
Compass
List Price
$489,000
Sold Price
$491,500
Premium/Discount to List
$2,500
0.51%
Current Estimated Value
$484,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,868
Avg. Annual Appreciation
-0.27%
Original Mortgage
$475,300
Outstanding Balance
$420,838
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$63,794

Purchase Details

Closed on
Mar 30, 2006
Sold by
Mab Llc
Bought by
Bess Montayo W and Dean Celandra E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Driver John A $491,500 Rgs Title Of Bethesda
Bess Montayo W $487,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Driver John A $475,300
Previous Owner Bess Montayo W $388,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2020 08/24/20 Sold $491,500 +0.5% $493 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $489,000 0.0% $490 / Sq Ft
06/26/2015 06/26/15 Rented $2,500 +6.4% --
06/26/2015 06/26/15 Under Contract -- -- --
04/08/2015 04/08/15 For Rent $2,350 0.0% --
10/26/2013 10/26/13 Rented $2,350 -2.0% --
10/25/2013 10/25/13 Under Contract -- -- --
09/05/2013 09/05/13 For Rent $2,399 -- --
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 $5,221 $443,333 -- --
2024 $5,221 $440,000 $132,000 $308,000
2023 $4,432 $431,667 $0 $0
2022 $4,126 $423,333 $0 $0
2021 $4,718 $415,000 $124,500 $290,500
2020 $4,662 $410,000 $0 $0
2019 $4,603 $405,000 $0 $0
2018 $4,515 $400,000 $120,000 $280,000
2017 $4,578 $393,333 $0 $0
2016 -- $386,667 $0 $0
2015 $4,917 $380,000 $0 $0
2014 $4,917 $380,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC715132

Bright MLS

APN: 13-03528726