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1705 Black Oak Lane

1705 Black Oak Lane, Silver Spring, MD 20910
Property in Silver Spring
Sold Jan 28, 2021
$767,500
$567,500 by Truist Bank
Mortgage Due Feb 01, 2051
Sold Oct 21, 2020
$300,000
1705 Black Oak Lane in Silver Spring, MD was first built in 1950 and is 74 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1705 Black Oak Lane has 1,348 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 550 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 11,311 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1705 Black Oak Lane sold most recently in Jan 13, 2021 for a total of $767,500. If you work out the math, that's approximately a cost of $522.82 per sqft. Before that, the property was also sold for $300,000 in Sep 17, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,771 in taxes each year. 1705 Black Oak Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $707,233. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 550
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,311
  • Total Building Area: 1,468
  • Gross Building Area: 1,468
  • Building Area: 1,468
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,348
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WOODSIDE FOREST
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 3 WOODSIDE FORES T

Ownership

  • Current Owner : BEESON JENNIFER LYNN
  • Previous Owner : TECU LLC
  • Owner Before Previous Owner: RICHARDSON GLEN M
  • Owner Before Previous Owner 2: ESTATE OF JOHN WALDRON MARSHAL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 702900

Zoning

  • Zoning: R60

Geography

  • Assessors Map Reference: JP21
  • Account Number: 01427118
  • District: 13
  • Section: 3
  • Parcel: 13-01427118
  • Block: 19
  • Lot: 13
  • Latitude: 39.0115
  • Longitude: -77.0374

    Address

  • Full Address: 1705 Black Oak Ln
  • Address - House Number: 1705
  • Address - Street Name: Black Oak
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Silver Spring
  • Carrier Code: C018
  • 4-Digit Zip Code: 1423
  • Zip Code: 20910

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,771

    Appraisal Valuation

  • Standard Deviation: 0.1621
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 793,735
  • High Value: 922,417
  • Low Value: 665,053

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $567,500
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Jan 28, 2021
  • First Open Lien Mortgage Loan Amount: $567,500
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $795,500
  • Market Land Value: $367,400
  • Market Improvement Value: $428,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $707,233

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 13, 2021
  • Current Sale Recording Date: Jan 28, 2021
  • Current Sale Transaction ID: 11834150570
  • Current Sale Price: $767,500
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Oct 21, 2020
  • Previous Sale Contract Date: Sep 17, 2020
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Jan 28, 2021
  • First Mortgage Loan Amount: $567,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

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Frequently Asked Questions

What neighborhood is 1705 Black Oak Lane located in?
The 1705 Black Oak Lane is a located in the neighborhood of Silver Spring in Silver Spring, Silver Spring.
What is the average sales price for listings in 1705 Black Oak Lane?
The average sales price for units in 1705 Black Oak Lane is $0 currently.

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