NOT LISTED FOR SALE

Estimated Value: $543,138 - $593,000

2 Beds
2 Baths
1,584 Sq Ft
$632/mo HOA Fee

Last Sold June 18, 2021

Last sale price $540,000 $341 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,103/month

5 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Soaking Tub
  • Sligo Creek Elementary School Rated A
  • Double Pane Windows
  • Walk-In Closet

About This Home

As of June 2021

Don't miss out on this opportunity to purchase this captivating loft located in the heart of downtown Silver Spring. This is a rare opportunity to live in a loft condominium where you can enjoy the pulse of the city from your luxurious home. The sweeping cityscape, viewed from all five of the 10-foot windows in this unit, is spectacular. The open-concept first-floor plan includes a living room, dining room, and kitchen area. The recently renovated home office/den on the first floor offers a spacious and quiet space within the condo. This room allows you to work from home, relax while reading a book, or watch your favorite movie. The in-unit washer and dryer are conveniently located on the first floor. Hardwood floors abound in addition to carpeted space. The first-floor bedroom is private, airy, and light-filled. The bathroom is conveniently located next to this bedroom. The second floor's spacious bedroom connects to a full bath and a second room that can be utilized in a number of different ways. This 2BD/2BA loft includes a coveted city parking space. The 24-unit building in which this property is located is community-oriented and well maintained. LOFTS 24 is conveniently located within quick walking distance (0.4 miles) of the Red Line Metro, the upcoming Purple Line, and several bus lines.

Last Agent to Sell the Property

Lukas Iraola

(202) 386-6330 no@noaur23.com Compass Listed on: 05/13/2021

Compass

Last Buyer's Agent

Janette Coffee

(301) 658-6186 janettecoffee@northroprealty.com Redfin Corp License #0225251077

Redfin Corp

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,997

Year Built

  • Built in 2006

Lot Details

  • Property is in very good condition

HOA Fees

  • $632 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 1,584 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Recessed Lighting
  • Double Pane Windows

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot

Accessible Home Design

  • Accessible Elevator Installed
  • Level Entry For Accessibility

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Public Septic

Community Details

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, reserve funds, snow removal, water
  • Low-Rise Condominium
  • Lofts24 Condos, Phone Number (301) 468-8919
  • The Lofts 24 Cod Community
  • Downtown Silver Spring Subdivision

Listing and Financial Details

  • Assessor Parcel Number 161303528874

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,997

Year Built

Built in 2006

Lot Details

0

HOA Fees

$632 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Loft
  • Accessibility Features: Elevator, Level Entry - Main
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-05-14
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer
  • Entry Floor: 1
  • Flooring Type: Hardwood, Carpet
  • Interior Amenities: Carpet, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Recessed Lighting, Soaking Tub, Walk-In Closet(s), Wood Floors
  • Window Features: Double Pane
  • Fireplace: No
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1584
  • Living Area Sq Ft: 1584
  • Price Per Sq Ft: 315.59
  • Above Grade Finished Sq Ft: 1584
  • Above Grade Finished Area Units: Square Feet

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

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 632.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Lofts24
  • Condo Co-Op Phone: 301.468.8919
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Reserve Funds, Snow Removal, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 315000.00
  • Land Assessed Value: 135000.00
  • Property Condition: Very Good
  • Zoning: CBD1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14101115
  • Tax Annual Amount: 4997.00
  • Assessor Parcel Number: 161303528874
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Jun 15, 2021
Sold by
Snyder David L and Flaherty Mark B
Bought by
Totino Allyn K
Seller's Agent
Lukas Iraola
Compass
Buyer's Agent
Janette Coffee
Redfin Corp
List Price
$499,900
Sold Price
$540,000
Premium/Discount to List
$40,100
8.02%
Current Estimated Value
$566,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,285
Avg. Annual Appreciation
1.04%
Original Mortgage
$340,000
Outstanding Balance
$307,828
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$258,457

Purchase Details

Listed on
Jul 22, 2018
Closed on
Nov 30, 2018
Sold by
Goon Greyson H and Chin Susan
Bought by
Snyder David L and Flaherty Mark B
Seller's Agent
Tim Brooks
Keller Williams Capital Properties
Buyer's Agent
SIA SARGEANT
Long & Foster Real Estate, Inc.
List Price
$474,900
Sold Price
$468,000
Premium/Discount to List
-$6,900
-1.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.77%
Original Mortgage
$374,400
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2006
Sold by
Mab Llc
Bought by
Goon Greyson H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,400
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Totino Allyn K $540,000 Kvs Title Llc
Snyder David L $468,000 Pinnacle Title & Esrow Inc
Goon Greyson H $523,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Totino Allyn K $340,000
Previous Owner Snyder David L $374,400
Previous Owner Goon Greyson H $418,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/18/2021 06/18/21 Sold $540,000 +8.0% $341 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $499,900 +6.8% $316 / Sq Ft
11/30/2018 11/30/18 Sold $468,000 -1.5% $422 / Sq Ft View Prior Sale
11/09/2018 11/09/18 Pending -- -- --
10/28/2018 10/28/18 For Sale $474,900 0.0% $428 / Sq Ft
09/18/2018 09/18/18 Pending -- -- --
09/13/2018 09/13/18 For Sale $474,900 0.0% $428 / Sq Ft
09/13/2018 09/13/18 Pending -- -- --
09/11/2018 09/11/18 For Sale $474,900 0.0% $428 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
07/22/2018 07/22/18 For Sale $474,900 -- $428 / Sq Ft
Source: Bright MLS

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 $6,338 $538,333 -- --
2024 $6,338 $535,000 $160,500 $374,500
2023 $5,314 $506,667 $0 $0
2022 $4,746 $478,333 $0 $0
2021 $8,841 $450,000 $135,000 $315,000
2020 $8,730 $445,000 $0 $0
2019 $4,305 $440,000 $0 $0
2018 $4,910 $435,000 $130,500 $304,500
2017 $4,989 $428,333 $0 $0
2016 $5,043 $421,667 $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: MDMC757688

Bright MLS

APN: 13-03528874