NOT LISTED FOR SALE

8513 Flower Ave Takoma Park, MD 20912

Silver Spring Park Neighborhood

Estimated Value: $615,000 - $770,000

-- Bed
3 Baths
1,530 Sq Ft
$439/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $490,000 $320 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,154/month

19 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • Ceiling Fan
  • Montgomery Blair High School Rated A+
  • Forced Air Heating System
  • 2-minute walk to Flower Avenue Urban Park

About This Home

As of September 2018

1 BR ($895) and 2 BR ($1295) are currently occupied on month to month leases and would like to stay. Excellent tenants both with payment and taking care of unit. 3 BR ($1800) is now vacant so it might be available to owner occupied purchase if wanted. No problem renting it in the past. 4 houses away from city of Takoma Park so rent control does not apply to the property.

Last Agent to Sell the Property

Ken Greenwald

Long & Foster Real Estate, Inc. Listed on: 07/26/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Zuyi Wang

Samson Properties License #652455

Samson Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,719

Year Built

  • Built in 1931

Lot Details

  • 6,250 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • En-Suite Bathroom
  • Ceiling Fan
  • 1 Fireplace

Kitchen

  • Gas Oven or Range
  • Stove
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Improved Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Side Basement Entry

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 3 Units
  • Neff Tract Subdivision

Listing and Financial Details

  • The owner pays for all utilities
  • Tax Lot P7
  • Assessor Parcel Number 161301407587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,719

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Expected On Market: 2018-07-26
  • Year Built: 1931
  • Remarks Public: 1 BR ($895) and 2 BR ($1295) are currently occupied on month to month leases and would like to stay. Excellent tenants both with payment and taking care of unit. 3 BR ($1800) is now vacant so it might be available to owner occupied purchase if wanted. No problem renting it in the past. 4 houses away from city of Takoma Park so rent control does not apply to the property.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Oven/Range - Gas, Refrigerator, Stove, Washer
  • Interior Amenities: Primary Bath(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Connecting Stairway, Side Entrance, Full, Improved
  • Price Per Sq Ft: 339.22
  • Street Number Modifier: 8513

Exterior Features

  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Refuse: 836.91
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • 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

Lot Info

  • Improvement Assessed Value: 139200.00
  • Land Assessed Value: 197800.00
  • Lot Size Acres: 0.14
  • Lot Size Area: 6250
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6250.00
  • Year Assessed: 2018
  • Zoning: R10

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: All Utilities
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14042893
  • Tax Annual Amount: 4718.58
  • Assessor Parcel Number: 161301407587
  • Tax Lot: P7
  • Tax Total Finished Sq Ft: 1530
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 09/14/2018

Multi Family

  • Metering: All Common
  • Vacancy Allowance Rate: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2018
Closed on
Sep 19, 2018
Sold by
Mcmahon Daniel and Christy Jessica
Bought by
Zhu Jun and Li Zheng
Seller's Agent
Ken Greenwald
Long & Foster Real Estate, Inc.
Buyer's Agent
Zuyi Wang
Samson Properties
List Price
$519,000
Sold Price
$490,000
Premium/Discount to List
-$29,000
-5.59%
Current Estimated Value
$670,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,908
Avg. Annual Appreciation
4.60%
Original Mortgage
$367,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2009
Sold by
Katz Daniel S
Bought by
Mcmahon Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,920
Interest Rate
6.08%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 2008
Sold by
Katz Daniel S
Bought by
Mcmahon Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,920
Interest Rate
6.08%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 3, 1995
Sold by
Hume Mildred D
Bought by
Katz Daniel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,503
Interest Rate
8.96%
Source: Public Records

Range of Values:

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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
Zhu Jun $490,000 None Available
Mcmahon Daniel $390,000 --
Mcmahon Daniel $390,000 --
Katz Daniel S $141,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Zheng $367,000
Closed Li Zheng $365,000
Closed Zheng Zhu Jun $365,000
Closed Zhu Jun $367,500
Previous Owner Christy Jessica $359,451
Previous Owner Mcmahon Daniel $384,920
Previous Owner Mcmahon Daniel $384,920
Previous Owner Katz Daniel S $136,503
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2018 09/14/18 Sold $490,000 -5.6% $320 / Sq Ft
08/15/2018 08/15/18 Pending -- -- --
07/26/2018 07/26/18 For Sale $519,000 -- $339 / 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 $6,328 $443,733 -- --
2024 $6,328 $413,900 $197,800 $216,100
2023 $6,231 $410,667 $0 $0
2022 $5,874 $407,433 $0 $0
2021 $5,669 $404,200 $197,800 $206,400
2020 $5,323 $381,800 $0 $0
2019 $5,005 $359,400 $0 $0
2018 $4,686 $337,000 $197,800 $139,200
2017 $4,780 $335,800 $0 $0
2016 $4,638 $334,600 $0 $0
2015 $4,638 $333,400 $0 $0
2014 $4,638 $333,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ken Greenwald

    Seller's Agent in 2018

    Ken Greenwald

    Long & Foster

    (240) 273-8235

    18 Total Sales

    Ken Greenwald
    Section Image

  • Z

    Buyer's Agent in 2018

    Zuyi Wang

    Samson Properties

    (301) 908-0585

    32 Total Sales

    Zuyi Wang
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002100296

Bright MLS

APN: 13-01407587

Maryland Montgomery County Takoma Park 20912 Silver Spring Park

8513 Flower Ave, Takoma Park, MD

This home is located at 8513 Flower Ave, Takoma Park, MD 20912 since 26 July 2018 and is currently estimated at $670,908, approximately $438 per square foot. This property was built in 1931. 8513 Flower Ave is a home located in Montgomery County with nearby schools including Rolling Terrace Elementary School, Silver Spring International Middle School, and Montgomery Blair High School.

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