NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
7,504 Sq Ft Lot

Sale Details

Date Sold: October 31, 2016

Last sale price $900,000

50 Days on Market

Highlights

  • Wood Flooring
  • Upgraded Countertops
  • Property is in very good condition
  • Eastern Middle School Rated A-
  • Window Unit Cooling System
  • Radiator

About This Home

As of October 2016

Location, location, location! Totally renovated six-unit brick apartment building just 2 miles from downtown Silver Spring! Owner has meticulously maintained & updated units w/ granite counters, stainless steel appliances, & vinyl windows. Hardwood flooring in all units. Laundry facility in building w/ electricity & gas metered for each unit. Roof is 6.5 years old & backyard is completely fenced.

Last Agent to Sell the Property

Michael McDermitt

(301) 424-0900 miketmcdermitt@gmail.com Long & Foster Real Estate, Inc. License #47866 Listed on: 05/05/2016

Long & Foster Real Estate, Inc.

Co-Listed By

JoAnn Schimke

(301) 299-6000 joannschimke@gmail.com Long & Foster Real Estate, Inc.

Last Buyer's Agent

Michael McDermitt

(301) 424-0900 miketmcdermitt@gmail.com Long & Foster Real Estate, Inc. License #47866 Listed on: 05/05/2016

Long & Foster Real Estate, Inc.
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,896

Year Built

  • Built in 1958

Lot Details

  • 7,504 Sq Ft Lot
  • Back Yard Fenced
  • Property is in very good condition

Parking

  • 1 Assigned Parking Space

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Vinyl Clad Windows
  • Wood Flooring

Kitchen

  • Gas Oven or Range
  • Upgraded Countertops
  • Disposal

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Front and Side Basement Entry
  • Basement Windows

Schools

  • New Hampshire Estates Elementary School
  • Eastern Middle School
  • Montgomery Blair High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, management, repairs, supplies, real estate taxes, all utilities
  • Tax Lot 12
  • Assessor Parcel Number 161301376587

Community Details

Overview

  • Property has a Home Owners Association
  • 6 Units
  • Forest Hills Subdivision

Building Details

  • Operating Expense $12,000
  • Net Operating Income $86,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,896

Year Built

Built in 1958

Lot Details

7,504 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1958
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Oven/Range - Gas, Refrigerator
  • Interior Amenities: Upgraded Countertops, Wood Floors
  • Window Features: Vinyl Clad
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Basement: Yes
  • Basement Type: Front Entrance, Connecting Stairway, Outside Entrance, Side Entrance, Heated, Improved, Windows, Walkout Level, Fully Finished, Daylight, Partial

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Asphalt
  • 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

Utilities

  • Refuse: 118.56
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • HOA: No

Schools

  • Elementary School: NEW HAMPSHIRE ESTATES
  • High School: MONTGOMERY BLAIR
  • Middle Or Junior School: EASTERN

Lot Info

  • Fencing: Rear
  • Improvement Assessed Value: 171300.00
  • Land Assessed Value: 379700.00
  • Lot Size Acres: 0.17
  • Lot Size Area: 7504
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7504.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Zoning: R10

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Advertising/Licenses And Permits, Management, Repairs, Supplies, Taxes - Real Estate, All Utilities
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14039968
  • Tax Annual Amount: 5896.37
  • Assessor Parcel Number: 161301376587
  • Tax Lot: 12
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

Multi Family

  • Gross Income: 98400.00
  • Metering: Electric Separate, Gas Separate
  • Operating Expense: 12000.00

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2026
Sold by
Bought by

Purchase Details

Listed on
May 5, 2016
Closed on
Oct 31, 2016
Sold by
Bought by
Seller's Agent
Michael McDermitt
Long & Foster Real Estate, Inc.
Buyer's Agent
Michael McDermitt
Long & Foster Real Estate, Inc.
List Price
$960,000
Sold Price
$900,000
Premium/Discount to List
-$60,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.42%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,050,000 First American Title
$900,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $675,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/31/2016 10/31/16 Sold $900,000 -6.3% --
06/24/2016 06/24/16 Pending -- -- --
05/05/2016 05/05/16 For Sale $960,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,496 $963,233
2024 $10,568 $889,400 $398,600 $490,800
2023 $10,116 $851,267 $0 $0
2022 $9,270 $813,133 $0 $0
2021 $7,998 $775,000 $398,600 $376,400
2020 $7,998 $700,333 $0 $0
2019 $7,163 $658,533 $0 $0
2018 $6,350 $551,000 $379,700 $171,300
2017 $6,303 $537,033 $0 $0
2016 -- $523,067 $0 $0
2015 $5,237 $509,100 $0 $0
2014 $5,237 $500,367 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002426983

Bright MLS
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