$520,000
SOLD SEP 23, 2022
2 Beds
2 Baths
1,400 Sq Ft
$689/mo HOA Fee

Recently Sold

$371 Per Sq Ft

4% Below List Price

81 Days on Market

Highlights

  • Den
  • Elevator
  • Condominium
  • Sligo Creek Elementary School Rated A
  • Level Entry For Accessibility
  • Heat Pump System

About This Home

As of September 2022

Exclusive industrial-style condo at Lofts24 in the heart of downtown Silver Spring boasting 1400 square feet of light-filled living space! With 17-foot ceilings, exposed aluminum ductwork, and hardwood flooring this loft is a showstopper. A wall of 12-foot windows with solar shades add to the expansive, open-concept living space, ideal for entertaining family and friends. The large chef’s kitchen is embellished with an oversized center island, granite counters, stainless steel appliances, maple cabinets, and under-cabinet Xenon lighting. The loft includes two-bedrooms, a versatile den space, a laundry room and two fully renovated bathrooms, one featuring a soaking tub. Only 24 units in the building, with each 8 units sharing a private secured entrance and elevator. This well-maintained home has new high-end appliances including: HVAC (2022) hot water heater (2022) refrigerator (2021) Bosch dishwasher (2020) and a washer/dryer (2016). With a walkability score of 99 on Zillow it is close to a diverse restaurant scene, The American Film Institute, The Fillmore, Pure Barre, Orange Theory, Whole Foods, Safeway, and local parks as well as to the Silver Spring Metro, the Purple Line (in construction). LOCKBOX IS ON BUILDING RAILING AT THE BONIFANT ST DRIVEWAY EXIT.

Here’s What’s Nearby
0.2 mi to Whole Foods
0.3 mi to Downtown Silver Spring
0.3 mi to American Film Institute, The Fillmore
0.3 mi to Silver Spring Metro
0.4 mi to Bullis Local Park (Playground, Tennis Court, Soccer Field)

Last Agent to Sell the Property

Liz Brent

GO BRENT, INC. License #502230 Listed on: 06/07/2022

Last Buyer's Agent

Ronald Manning

Redfin Corp

Redfin Corp

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,113

Year Built

  • Built in 2006

HOA Fees

  • $689 Monthly HOA Fees

Parking

  • On-Street Parking

Interior Spaces

  • 1,400 Sq Ft Home
  • Property has 1.5 Levels
  • Den
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303528830

Community Details

Overview

  • Association fees include water, sewer, reserve funds, insurance, snow removal, trash
  • 24 Units
  • Low-Rise Condominium
  • Lofts 24 Condos
  • Silver Spring Subdivision

Amenities

  • Elevator

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,113

Year Built

Built in 2006

Lot Details

0

HOA Fees

$689 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Loft With Bedrooms
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-06-08
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Remarks Public: Exclusive industrial-style condo at Lofts24 in the heart of downtown Silver Spring boasting 1400 square feet of light-filled living space! With 17-foot ceilings, exposed aluminum ductwork, and hardwood flooring this loft is a showstopper. A wall of 12-foot windows with solar shades add to the expansive, open-concept living space, ideal for entertaining family and friends. The large chef’s kitchen is embellished with an oversized center island, granite counters, stainless steel appliances, maple cabinets, and under-cabinet Xenon lighting. The loft includes two-bedrooms, a versatile den space, a laundry room and two fully renovated bathrooms, one featuring a soaking tub. Only 24 units in the building, with each 8 units sharing a private secured entrance and elevator. This well-maintained home has new high-end appliances including: HVAC (2022) hot water heater (2022) refrigerator (2021) Bosch dishwasher (2020) and a washer/dryer (2016). With a walkability score of 99 on Zillow it is close to a diverse restaurant scene, The American Film Institute, The Fillmore, Pure Barre, Orange Theory, Whole Foods, Safeway, and local parks as well as to the Silver Spring Metro, the Purple Line (in construction). LOCKBOX IS ON BUILDING RAILING AT THE BONIFANT ST DRIVEWAY EXIT. Here’s What’s Nearby 0.2 mi to Whole Foods 0.3 mi to Downtown Silver Spring 0.3 mi to American Film Institute, The Fillmore 0.3 mi to Silver Spring Metro 0.4 mi to Bullis Local Park (Playground, Tennis Court, Soccer Field)
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Levels Count: 1.5
  • Room List: Den
  • Basement: No
  • Total Sq Ft: 1400
  • Living Area Sq Ft: 1400
  • Price Per Sq Ft: 375.00
  • Above Grade Finished Sq Ft: 1400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8312

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
  • Upper Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 689.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Lofts 24
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: Water, Sewer, Reserve Funds, Insurance, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 343000.00
  • Land Assessed Value: 147000.00
  • Year Assessed: 2022
  • Zoning: R47
  • In City Limits: No

Rental Info

  • Pets: Number Limit, Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14101111
  • Tax Annual Amount: 5113.00
  • Assessor Parcel Number: 161303528830
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 09/23/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Sep 23, 2022
Sold by
Celine-Marie Pascale Living Trust
Bought by
Andrawis Daniel Samuel
Seller's Agent
Liz Brent
GO BRENT, INC.
Buyer's Agent
Ronald Manning
Redfin Corp
List Price
$544,000
Sold Price
$520,000
Premium/Discount to List
-$24,000
-4.41%
Views
17
Current Estimated Value
$536,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,332
Avg. Annual Appreciation
0.80%
Original Mortgage
$468,000
Outstanding Balance
$446,336
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$85,444

Purchase Details

Closed on
Nov 10, 2016
Sold by
Pascale Celine Marie and Santos Mercedes T
Bought by
Celine Marie Pascale Living Trust and Mercedes T Santos Living Trust

Purchase Details

Listed on
Aug 27, 2013
Closed on
Nov 14, 2013
Sold by
Silverman Craig and Silverman Bita
Bought by
Pascale Celine Marie and Santos Mercedes
Seller's Agent
Kerri Johnson
RE/MAX Realty Group
Buyer's Agent
Judith Kogod Colwell
Perennial Real Estate
List Price
$499,900
Sold Price
$437,000
Premium/Discount to List
-$62,900
-12.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.69%
Original Mortgage
$190,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2006
Sold by
Mab Llc
Bought by
Silverman Craig M and Silverman Bita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,680
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $520,000 Title Forward
Interfamily Deed Transfer -- None Available
Deed $437,000 Counselors Title Llc
Deed $467,100 --
Deed $467,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $468,000 New Conventional
Previous Owner $412,000 New Conventional
Previous Owner $185,000 New Conventional
Previous Owner $190,000 New Conventional
Previous Owner $396,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $373,680 Purchase Money Mortgage
Previous Owner $46,710 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $520,000 -1.0% $371 / Sq Ft
08/27/2022 08/27/22 Price Changed $525,000 -3.5% $375 / Sq Ft
08/23/2022 08/23/22 For Sale $544,000 +4.6% $389 / Sq Ft
08/17/2022 08/17/22 Off Market $520,000 -- --
07/20/2022 07/20/22 Price Changed $544,000 -3.7% $389 / Sq Ft
06/22/2022 06/22/22 Price Changed $565,000 -3.4% $404 / Sq Ft
06/07/2022 06/07/22 For Sale $585,000 +33.9% $418 / Sq Ft
11/13/2013 11/13/13 Sold $437,000 -2.9% $399 / Sq Ft
10/01/2013 10/01/13 Pending -- -- --
08/27/2013 08/27/13 Price Changed $449,900 -10.0% $411 / Sq Ft
08/27/2013 08/27/13 For Sale $499,900 0.0% $457 / Sq Ft
08/13/2012 08/13/12 Rented $2,300 0.0% --
07/25/2012 07/25/12 Under Contract -- -- --
07/16/2012 07/16/12 For Rent $2,300 -- --
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
2024 $5,574 $470,000 $141,000 $329,000
2023 $5,418 $456,667 $0 $0
2022 $3,573 $443,333 $0 $0
2021 $4,195 $430,000 $129,000 $301,000
2020 $8,279 $425,000 $0 $0
2019 $4,080 $420,000 $0 $0
2018 $4,032 $415,000 $124,500 $290,500
2017 $4,219 $415,000 $0 $0
2016 $5,043 $415,000 $0 $0
2015 $5,043 $415,000 $0 $0
2014 $5,043 $410,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2054630

Bright MLS

APN: 13-03528737