NOT LISTED FOR SALE

8702 Reading Rd Silver Spring, MD 20901

Silver Spring Park Neighborhood

Estimated Value: $477,000 - $543,000

2 Beds
1 Bath
966 Sq Ft
$521/Sq Ft Est. Value

Last Sold December 21, 2015

Last sale price $285,000 $295 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,156/month

20 Days on Market

Highlights

  • View of Trees or Woods
  • Colonial Architecture
  • Traditional Floor Plan
  • Eastern Middle School Rated A-
  • Premium Lot
  • 5-minute walk to Flower Avenue Urban Park

About This Home

As of December 2015

Great location. Close to Silver Spring Metro, Bus Transportation a block away,Rt 495, Rt 29.. Freshly painted. Great new kitchen with brand new appliances. New Windows. Recently installed hot water heater and cloth washer. Rooms in the lower level. Recent Hot Water Heater. Next Homeowner can be you. Call to see it. Ready to go!

Last Agent to Sell the Property

Silvia Rodriguez

Silvia International Realty Listed on: 10/28/2015

Last Buyer's Agent

Deborah Gerald

Compass License #645018

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,547

Year Built

  • Built in 1934 | Remodeled in 2015

Lot Details

  • 5,008 Sq Ft Lot
  • Property is Fully Fenced
  • Chain Link Fence
  • Landscaped
  • Premium Lot
  • The property's topography is level
  • Property is in very good condition
  • Property is zoned R60

Property Views

  • Woods
  • Garden

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Screen For Fireplace
  • Fireplace Mantel
  • Double Pane Windows
  • Window Screens
  • Dining Area
  • Game Room
  • Home Gym
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Stove
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Side Exterior Basement Entry
  • Space For Rooms
  • Basement with some natural light

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Central Heating
  • Radiator
  • Vented Exhaust Fan
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Built by READY FOR YOU!
  • Forest Hills Subdivision, Ready For You! Floorplan

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 161301376691

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,547

Year Built

Built in 1934 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1934
  • Year Renovated: 2015
  • Remarks Public: Great location. Close to Silver Spring Metro, Bus Transportation a block away,Rt 495, Rt 29.. Freshly painted. Great new kitchen with brand new appliances. New Windows. Recently installed hot water heater and cloth washer. Rooms in the lower level. Recent Hot Water Heater. Next Homeowner can be you. Call to see it. Ready to go!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Exhaust Fan, Range Hood, Refrigerator, Stove, Washer, Water Heater
  • Interior Amenities: Dining Area, Kitchen - Eat-In, Wood Floors, Floor Plan - Traditional
  • Window Features: Double Pane, Screens
  • Fireplace Features: Mantel(s), Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 3+
  • Room List: Game Room, Exercise Room
  • Basement: Yes
  • Basement Type: Outside Entrance, Side Entrance, Daylight, Partial, Full, Heated, Partially Finished, Space For Rooms, Walkout Level
  • Living Area Units: Square Feet
  • Street Number Modifier: 8702

Beds/Baths

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

Exterior Features

  • Construction Materials: Combination, Brick
  • Pool Private: No
  • Road Surface Type: Paved
  • Roof: Composite, Shingle
  • View: Garden/Lawn, Street, Trees/Woods
  • View: Yes
  • 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, On Street

Utilities

  • Refuse: 368.11
  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Central, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Lot Info

  • Fencing: Chain Link, Fully
  • Lot Features: Landscaping, Premium
  • Lot Size Acres: 0.11
  • Lot Size Area: 5008
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5008.00
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Topography: Level
  • Year Assessed: 2016
  • Zoning: R60

Green Features

  • Green Verification: No

Building Info

  • Builder Name: READY FOR YOU!

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3547.01
  • Assessor Parcel Number: 161301376691
  • Tax Lot: 19
  • Tax Total Finished Sq Ft: 966
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 12/21/2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2015
Closed on
Dec 21, 2015
Sold by
Rice Charles S
Bought by
Mcgrath Peter
Seller's Agent
Silvia Rodriguez
Silvia International Realty
Buyer's Agent
Deborah Gerald
Compass
List Price
$349,999
Sold Price
$285,000
Premium/Discount to List
-$64,999
-18.57%
Current Estimated Value
$503,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,267
Avg. Annual Appreciation
5.98%
Original Mortgage
$228,000
Outstanding Balance
$183,848
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$315,216

Purchase Details

Closed on
Apr 4, 1990
Bought by
Rice Charles S
Source: Public Records

Range of Values:

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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
Mcgrath Peter $285,000 Kvs Title Llc
Rice Charles S $138,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgrath Peter $228,000
Previous Owner Rice Charles S $121,760
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2015 12/21/15 Sold $285,000 -18.6% $295 / Sq Ft
11/17/2015 11/17/15 Pending -- -- --
10/28/2015 10/28/15 For Sale $349,999 -- $362 / 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 $4,808 $379,033 -- --
2024 $4,808 $360,100 $250,000 $110,100
2023 $4,097 $360,100 $250,000 $110,100
2022 $2,902 $360,100 $250,000 $110,100
2021 $3,564 $360,800 $250,000 $110,800
2020 $4,110 $340,433 $0 $0
2019 $3,306 $320,067 $0 $0
2018 $3,056 $299,700 $215,000 $84,700
2017 $3,702 $293,833 $0 $0
2016 -- $287,967 $0 $0
2015 $2,301 $282,100 $0 $0
2014 $2,301 $282,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Silvia Rodriguez

    Silvia International Realty

    Section Image
  • Deborah Gerald

    Buyer's Agent in 2015

    Deborah Gerald

    Compass

    (301) 873-0422

    13 in this area

    75 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1002386373

Bright MLS

APN: 13-01376691

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

8702 Reading Rd, Silver Spring, MD

This home is located at 8702 Reading Rd, Silver Spring, MD 20901 since 28 October 2015 and is currently estimated at $503,267, approximately $520 per square foot. This property was built in 1934. 8702 Reading Rd is a home located in Montgomery County with nearby schools including New Hampshire Estates Elementary School, Oak View Elementary School, and Eastern Middle School.

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