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12408 Olivewood Place

12408 Olivewood Place, Silver Spring, MD 20904
Property in Fairland
Sold Nov 08, 2002
$372,000
$225,000 by Guaranteed Rate Inc
Mortgage Due Oct 01, 2045
12408 Olivewood Place has been categorized by the local assessors in Silver Spring, MD as a residential type of property. The building on the property was first built in 1984 and is 40 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 12408 Olivewood Place has 3,028 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 900 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 11,354 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 484 sqft. According to our sources, there are a total of 2 available parking spaces. Love to swim? You'll be excited to find out that there is a spa or hot tub but no pool on the property. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. The building on the property is connected to a sewer system. The property was last sold in Jan 1, 1970 for $372,000. That's $174.81 per sqft. 12408 Olivewood Place was last assessed in 2023. The total value of the property was assessed at $546,000. Specifically, the land the property is located on was valued at $211,200. While improvements on the property were assessed at a total of $334,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $7,562. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 900
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 11,354
  • Total Building Area: 2,128
  • Gross Building Area: 2,128
  • Building Area: 2,128
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,028
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROLLING ACRES
  • Land Acres: 0.261
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ROLLING ACRES SEC 3

Ownership

  • Current Owner : BOLTON LORELEI V
  • Current Owner 2: BOLTON JOHN M
  • Previous Owner : KANTZER MAX
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 701414

Zoning

  • Zoning: R90

Geography

  • Assessors Map Reference: KQ23
  • Account Number: 02411847
  • District: 05
  • Section: 3
  • Parcel: 05-02411847
  • Block: 2
  • Lot: 228
  • Latitude: 39.0609
  • Longitude: -76.9756

    Address

  • Full Address: 12408 Olivewood Pl
  • Address - House Number: 12408
  • Address - Street Name: Olivewood
  • Address - Suffix Type: Pl
  • State: MD
  • City Name: Silver Spring
  • Carrier Code: C003
  • 4-Digit Zip Code: 6654
  • Zip Code: 20904

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,562

    Appraisal Valuation

  • Standard Deviation: 0.1491
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 695,822
  • High Value: 799,581
  • Low Value: 592,062

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $225,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jan 11, 2016
  • First Open Lien Mortgage Loan Amount: $225,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2045

    Market Valuation

  • Market Total Value: $546,000
  • Market Land Value: $211,200
  • Market Improvement Value: $334,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $546,000
  • Assessed Land Value: $211,200
  • Assessed Improvements Value: $334,800

    Sales

  • Current Sale Recording Date: Nov 08, 2002
  • Current Sale Transaction ID: 1109297786
  • Current Sale Price: $372,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 255138

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Frequently Asked Questions

What neighborhood is 12408 Olivewood Place located in?
The 12408 Olivewood Place is a located in the neighborhood of Fairland in Fairland, Silver Spring.
What is the average sales price for listings in 12408 Olivewood Place?
The average sales price for units in 12408 Olivewood Place is $0 currently.

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