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1545 North Falkland Lane

1545 North Falkland Lane, Silver Spring, MD 20910
Property in Silver Spring
Sold Sep 21, 2023
$36,500,000
$20,101,419 by Housing Ptshp Fund Inc
Mortgage
Sold Nov 01, 2018
$5,292,764
This has been categorized as a residential property type. In total, the area measurement of the land is 303,731 square feet.

Learn more about the property and building on this page. The property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1545 North Falkland Lane was last sold in Sep 20, 2023 for $36,500,000. Prior to that sales transaction, the property was sold for $5,292,764 in Oct 25, 2018. Current property owners are expected to pay $427,668 in taxes per year. The property on 1545 North Falkland Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $35,497,767. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Living Units: 170
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 303,731
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FALKLAND MANOR
  • Land Acres: 6.973
  • Standard Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: FALKLAND MANOR

Ownership

  • Current Owner : FALKLAND NORTH LLC
  • Previous Owner : FALKLAND ROAD RESIDENTIAL LLC
  • Owner Before Previous Owner: FALKLAND ROAD RESIDENTIAL LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 702604

Zoning

  • Zoning: CR3.0

Geography

  • Assessors Map Reference: JN23 P393
  • Account Number: 00959802
  • District: 13
  • Parcel: 13-00959802
  • Latitude: 38.9953
  • Longitude: -77.0348

    Address

  • Full Address: 1545 N Falkland Ln
  • Address - House Number: 1545
  • Street Direction: N
  • Address - Street Name: Falkland
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Silver Spring
  • Carrier Code: C040
  • 4-Digit Zip Code: 2821
  • Zip Code: 20910

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $427,668

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $31,001,419
  • First Open Lien Mortgage Lender: HOUSING PTSHP FUND INC
  • First Open Lien Mortgage Recording Date: Sep 21, 2023
  • First Open Lien Mortgage Loan Amount: $20,101,419
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Recording Date: Sep 21, 2023
  • Second Open Lien Mortgage Loan Amount: $10,900,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $35,819,700
  • Market Land Value: $8,070,100
  • Market Improvement Value: $27,749,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,497,767

    Sales

  • Current Sale Contract Date: Sep 20, 2023
  • Current Sale Recording Date: Sep 21, 2023
  • Current Sale Transaction ID: 11913585529
  • Current Sale Price: $36,500,000
  • Current Sale Document Type: Special Warranty Deed
  • Previous Sale Recording Date: Nov 01, 2018
  • Previous Sale Contract Date: Oct 25, 2018
  • Previous Sale Amount: $5,292,764
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOUSING PTSHP FUND INC
  • First Mortgage Transaction Date: Sep 21, 2023
  • First Mortgage Loan Amount: $20,101,419
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • Second Mortgage Transaction Date: Sep 25, 2023
  • Second Mortgage Loan Amount: $10,900,000
  • Second Mortgage Terms: 360

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Frequently Asked Questions

What neighborhood is 1545 North Falkland Lane located in?
The 1545 North Falkland Lane is a located in the neighborhood of Silver Spring in Silver Spring, Silver Spring.
What is the average sales price for listings in 1545 North Falkland Lane?
The average sales price for units in 1545 North Falkland Lane is $0 currently.

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