Seller's Agent in 2024
Christopher Suranna
Real Living at Home
(202) 550-0534
1 in this area
83 Total Sales
8804 1st Ave Silver Spring, MD 20910
Estimated Value: $709,000 - $852,000
3
Beds
2.5
Baths
1,578
Sq Ft
$486/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Wood Flooring
- No HOA
- Woodlin Elementary School Rated A-
- 1 Fireplace
- 3-minute walk to Woodside Urban Park
About This Home
As of January 2024Investor and Sweat Equity Buyers Dream House Awaits Rebirth in Silver Spring!
Discover a prime investment opportunity at 8804 1st Ave, Silver Spring, MD. This property, nestled in a sought-after location, offers vast potential for savvy investors looking to reimagine and revitalize.
Key Features:
Location: Ideally situated in Silver Spring, enjoy urban conveniences while relishing a tranquil residential setting.
Size and Structure: With a spacious layout of 2271 sq/ft spread out over three levels, this property beckons creative redesigns, presenting an open canvas for innovative transformations. This home is also situated on a very large lot of approx 15,000 sq/ft or almost 3/4 of an acre. Bump out or up potential galore and possible addition of an other building such as a home office, garage or artist studio. Be creative and let your architect make some suggestions.
Investment Potential: Unlock the potential for a lucrative investment in a rapidly growing market, promising significant returns with strategic renovations. Wonder the local area and see what how similar homes have been renovated, updated and expanded.
Surrounding Area: Close to local attractions, parks, shopping, and top-rated schools, enhancing the property's appeal for future buyers or renters.
Why It's a Dream for Investors and Sweat Equity Homeowners:
Renovation Opportunity: Embrace the challenge of remodeling this property, harnessing its blank slate to create a modern, captivating living space.
Profit Prospects: Leverage the property's location and growth potential in Silver Spring for a promising return on investment.
Resale/Rental Potential: After renovation, attract eager buyers or tenants seeking a stylish, revamped dwelling in this burgeoning area.
Take advantage of this rare opportunity to breathe new life into this lovely property. Explore the endless possibilities of this property, and make your mark in the thriving Silver Spring real estate scene.
Schedule a viewing today to unleash its full potential!
Last Agent to Sell the Property
(202) 550-0534 Chris@metrodchouses.com RLAH @properties License #SP98360433 Listed on: 11/30/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,874
Year Built
- Built in 1939
Lot Details
- 0.34 Acre Lot
- Property is zoned R60
Parking
- Driveway
Home Design
- Colonial Architecture
- Entry on the 1st floor
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- Property has 3 Levels
- 1 Fireplace
- Living Room
- Dining Room
- Wood Flooring
- Galley Kitchen
Bedrooms and Bathrooms
- 3 Bedrooms
Basement
- Connecting Stairway
- Laundry in Basement
Utilities
- Window Unit Cooling System
- Radiator
- 150 Amp Service
- Natural Gas Water Heater
- Municipal Trash
- Multiple Phone Lines
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Woodside Subdivision
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 161301091088
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 30, 2023
Closed on
Jan 16, 2024
Sold by
Odriscoll Mary
Bought by
Kostrikin Sergey and Kostrikina Angelina
Seller's Agent
Christopher Suranna
RLAH @properties
Buyer's Agent
Ben Garner
Cummings & Co. Realtors
List Price
$699,900
Sold Price
$685,000
Premium/Discount to List
-$14,900
-2.13%
Views
74
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,702
Avg. Annual Appreciation
6.57%
Original Mortgage
$450,000
Outstanding Balance
$395,095
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$371,607
Purchase Details
Closed on
Jun 1, 1993
Bought by
Plumart Perry R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kostrikin Sergey | $685,000 | None Listed On Document | |
| Kostrikin Sergey | $685,000 | None Listed On Document | |
| Plumart Perry R | $208,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kostrikin Sergey | $450,000 | |
| Closed | Kostrikin Sergey | $450,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/16/2024 01/16/24 | Sold | $685,000 | -2.1% | $434 / Sq Ft |
| 12/04/2023 12/04/23 | Pending | -- | -- | -- |
| 11/30/2023 11/30/23 | For Sale | $699,900 | -- | $444 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $7,396 | $653,000 | -- | -- |
| 2024 | $7,396 | $584,900 | $381,200 | $203,700 |
| 2023 | $7,981 | $577,033 | $0 | $0 |
| 2022 | $6,182 | $569,167 | $0 | $0 |
| 2021 | $5,979 | $561,300 | $381,200 | $180,100 |
| 2020 | $5,979 | $559,333 | $0 | $0 |
| 2019 | $5,923 | $557,367 | $0 | $0 |
| 2018 | $5,881 | $555,400 | $381,200 | $174,200 |
| 2017 | $5,818 | $540,900 | $0 | $0 |
| 2016 | -- | $526,400 | $0 | $0 |
| 2015 | $4,705 | $511,900 | $0 | $0 |
| 2014 | $4,705 | $508,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Suranna
-
Colin Johnson
Seller Co-Listing Agent in 2024
Colin Johnson
Real Living at Home
(202) 536-4445
1 in this area
91 Total Sales
-
Ben Garner
Buyer's Agent in 2024
Ben Garner
Cummings & Co Realtors
(240) 216-7841
1 in this area
557 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2106512
APN: 13-01091088
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