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508 Silver Spring Ave, Silver Spring, MD, 20910

$510,000

Home List Price

$6,056*

Closing Credit

3 Bedrooms
2 Full Baths
1,432 SqFt
$356/SqFt
House

Location

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508 Silver Spring Ave, Silver Spring$510,000

Buyer Closing Credits

$6,056*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel Driveway, Driveway
Year Built1936
HeatingRadiant
CoolingWindow Unit(s)
BasementYes
MLS #MDMC2151804
Lot Size0.14 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 508 Silver Spring Ave

Welcome to this recently RENOVATED 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 updated kitchen and open floor plan create a cozy atmosphere flooded with natural light. There are also two large and bright bedrooms and a full bathroom upstairs. An egress window is being added to the basement bedroom and will be completed in early October. The open and stylish basement includes a bedroom, an updated bathroom, a storage/laundry area, and a recreation area large enough to fit an entertainment space or a home gym. With the proper licensure, the basement can easily be closed off and used as a RENTAL UNIT. The backyard is large and low maintenance. It’s 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.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1936
  • Stories: 2
  • Living Area: 1,432 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (301) 304-8444
  • Listing Agent: Avi Galanti

Interior Features

Interior Information:

  • Appliances: Washer, Dryer, Microwave, Stainless Steel Appliances, Refrigerator, Dishwasher, Disposal, Water Heater, Oven, Gas Range
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Gravel Driveway, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Piney Branch to Silver Spring Ave to address.

Price Information

Listing Price Info

Price Summary:

  • List Price: $510,000
  • Price Per SqFt: $356/SqFt

Tax Information:

  • Annual Amount: $4,744
  • Tax Year: 2021
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MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDMC2151804

Listing Office:

  • Office Name: Compass
  • Office Phone: (301) 304-8444
  • Listing Agent: Avi Galanti

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:55:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 27, 2017Home Sold
$300,000
Sep 19, 2007Home Sold
$338,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,744$430,200
2020$4,551$429,933
2018$4,471$429,400

History based on county public records data.

Payment Calculator

$2,613

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,596

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4294017
6
/10

  • East Silver Spring Elementary School

  • 631 Silver Spring Ave

  • 0.14 miles

  • Public District Grades PK-5

school-card-donut-4294018
5
/10

  • Sligo Creek Elementary School

  • 500 Schuyler Rd

  • 0.57 miles

  • Public Magnet Grades KG-5

school-card-donut-4294019
6
/10

  • Piney Branch Elementary School

  • 7510 Maple Ave

  • 0.75 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,228. Typical income of Montgomery County, MD residents is between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 Silver Spring Ave

What is the listing price of this property?

The listing price of 508 Silver Spring Ave property is $510,000.

What type of property is this?

The property 508 Silver Spring Ave is a house located in Silver Spring, Maryland, 20910.

Is this property for sale now?

Accepting Backup Offers: 508 Silver Spring Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,744 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 27, 2017 for $300,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 508 Silver Spring Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 508 Silver Spring Ave is 1,432 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 508 Silver Spring Ave is 1936.

Rocket Homes›Maryland›Montgomery County›Silver Spring›20910›508 Silver Spring Ave

This home is located at 508 Silver Spring Ave in Silver Spring, MD and zip code 20910 in the East Silver Spring neighborhood. This 1,432 square foot home, which was built in 1936, sits on a 0.14 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $510,000.

In November 2024, from all listings sold in Montgomery County, MD there were more than 286 sold above asking price, over 212 sold below and more than 147 were sold right at the asked price. Between October 2024 and November 2024, Montgomery County, MD real estate market has seen decrease in the number of listings by 7.6%. Listings spent 19 days on the market in November 2024, and had a median list price of $606,983 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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