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$625,000   Price Analysis
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506 Silver Spring Ave
Silver Spring, MD 20910
3 bed 2 bath 1,664 SqFt ($375/SqFt)
5,688SqFt lot. Built 1936
Listed 2024-05-16, Taxes $4,914
Ⓧ USDA Ineligible
due to location

near Silver Spring

Welcome to this warm and inviting bungalow tucked away in the trees!

As you approach the front door, the nicely landscaped and elevated front yard provides a sweeping view of the neighborhood. Once inside, the original and well maintained hardwood floors, newly paint ed walls and updated kitchen create a cozy atmosphere flooded with natural light. There are also two large and bright bedrooms and a full bath. BRAND PRISTINE ROOF (2023). The basement s surprisingly well lit due to large windows that draw in natural light.

The basement includes a bedroom/home office, a beautifully updated and large bathroom, a storage/laundry room and a recreation room large enough to fit an entertainment space and a home gym. The low maintenance backyard with its fire pit and abundant forested green space will make you feel like you're on vacation. Its rare to get so much nature and charm so close to Downtown Silver Spring. The Sligo Creek Trail is a short walk from the house. The future owner is perfectly positioned to take advantage of all Downtown Silver Spring has to offer. Quick commute into DC as well.


Presented by Diego Sito at
COMPASS.


Property MLS #MDMC2132470 from BrightMLS

Bedrooms: 3

Total Bathrooms: 2
Full Bathrooms: 2

Ceiling Fan(s)
Chair Railings
Dining Area
Entry Level Bedroom
Floor Plan - Traditional
Tub Shower
Wood Floors
Basement

Stainless Steel Appliances
Oven/Range - Gas
Dishwasher
Washer
Dryer
Exhaust Fan

Cooling Features: Wall Unit
Heating Features: Radiator
Heating: Yes

Lot Size Acres: 0.1305785
Lot Size Square Feet: 5687

Parking Features: Asphalt Driveway, On Street

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: EAST SILVER SPRING
High School: MONTGOMERY BLAIR
Middle School: TAKOMA PARK
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS

East Silver Spring Elementary School is a public elementary school located approximately 0.2 miles away.
directions icon Map directions

Takoma Park Middle School is a public middle school located approximately 0.5 miles away.
directions icon Map directions

Montgomery Blair High School is a public high school located approximately 1.7 miles away.
directions icon Map directions

St Michael The Archangel Catholic School is a private elementary and middle school located approximately 0.6 miles away.
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Annual Tax Amount: 6277.0
Source Listing Status: Active
County: MONTGOMERY
Disclaimer: Standard
Ownership: Fee Simple
Source Property Type: Residential
Area: MONTGOMERY
Source Neighborhood: DOWNTOWN SILVER SPRING
Postal Code Plus 4: 4644
Subdivision: DOWNTOWN SILVER SPRING
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$454,233
$4,914
2021$89,100 + $330,100
$419,200
$5,156
2020$unknown + $unknown
$419,000
$2,561
2019$unknown + $unknown
$418,800
$5,086
2018$88,500 + $330,100
$418,600
$5,061
2017$unknown + $unknown
$405,367
$4,985
2016$82,900 + $296,000
$378,900
$4,622
2016$unknown + $unknown
$392,133
$4,930
2015$82,900 + $296,000
$378,900
$4,656
2014$unknown + $unknown
$378,900
$4,705
2012$unknown + $unknown
$389,700
$4,806
2011$unknown + $unknown
$389,700
$4,616
2010$unknown + $unknown
$389,700
$4,423
2009$unknown + $unknown
$418,100
$4,722
2008$unknown + $unknown
$418,100
$3,089

Listed 2024-05-16
$625,000
BrightMLS
Sold 2022-05-27
$562,000
BrightMLS
Listed 2022-04-28
$485,000
BrightMLS
Sold 2021-01-11
$442,000
Public Record
Sold 2020-12-01
$442,000
BrightMLS
Price Changed 2020-10-15
$445,000
BrightMLS
Listed 2020-09-30
$475,000
BrightMLS
Sold 1988-03-31
$80,000
Public Record
Sold 1979-08-14
$59,000
Public Record

Total Square Feet Living: 1132
Year Built: 1936
Above Grade Finished Area: 832
BelowGradeFinishedArea: 832
Construction Materials: Frame
Property Age: 88
Levels or Stories: 2
Structure Type: Detached
House Style: Cottage
Total Area Sqft: 1664
Total Below Grade Area: 832
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.