See Home Value
$640,000
● House - Off Market

416 PENWOOD ROAD

SILVER SPRING, MD 20901
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,848 Ft²
$3,776
Est. Monthly
5.36%
Cap Rate

About This Property

OPEN HOUSE Sunday, 9/14,  from 2-4 PM- Beautifully updated rambler is bathed in natural light and full of thoughtful renovations designed for modern living. The bright, open-concept main level features gleaming hardwood floors, elegant crown and shoe molding, and oversized picture windows that bring the outdoors in. The stunning, fully remodeled kitchen (2019) is a chef's dream, with luxurious quartzite countertops, custom cabinetry, designer tile backsplash, a double oven range, and a picturesque window overlooking the backyard. Step outside to a private side patio, ideal for al fresco dining, alongside a charming custom greenhouse-perfect for garden lovers. The main level also includes three spacious bedrooms (one with custom built-ins) and a beautifully renovated full bath (2020) with rich wood cabinetry and high-end finishes. The expansive lower level, remodeled in 2020, features soaring 9+ ft ceilings and a huge family room with dry bar and mini fridge-perfect for entertaining or relaxing. A fourth bedroom/home office includes a custom Murphy bed, large closet, and a stylish en-suite bath, which is also accessible from the family room. Outside, the fully fenced backyard offers ample space for entertaining, gardening, or simply enjoying the outdoors.

UPDATES:

Lower level remodel (2020)

Main level bathroom remodel (2020)

New front porch
Unit Size
1,848 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$351
Property Type
House
Property Taxes
$589
HOA Dues
-
Year Built
1949

Payment Calculator

Cap Rate Calculator

Last updated: 12 months ago (Bright MLS #MDMC2184232)

Price History

Date / Event Date Event Price
Oct 15, 2025 Sold
Sold
Sep 15, 2025 In contract -
In contract
Aug 23, 2025 Price Decreased $649,000
↓ $40K (5.8%)
Price Decreased
Jul 9, 2025 Price Decreased $689,000
↓ $10K (1.4%)
Price Decreased
Jun 24, 2025 Listed by RLAH @properties $699,000
Listed by RLAH @properties
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 740
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,712
  • Total Building Area: 986
  • Gross Building Area: 986
  • Building Area: 986
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,726
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN SPRING
  • Land Acres: 0000000131
  • Standard Land Use Code: 1001
  • County Land Use Code: R-B001
  • Legal Description 1: INDIAN SPRING VILLAGE SEC 2

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 702102

Zoning

  • Zoning: R60

Geography

  • Assessors Map Reference: JP52
  • Account Number: 01218517
  • District: 13
  • Section: 2
  • Parcel: 13-01218517
  • Block: 12
  • Lot: 11
  • Latitude: 39.0222
  • Longitude: -76.9996

    Address

  • Full Address: 416 Penwood Rd
  • Address - House Number: 416
  • Address - Street Name: Penwood
  • Address - Suffix Type: Rd
  • State: MD
  • City Name: Silver Spring
  • Carrier Code: C025
  • 4-Digit Zip Code: 2718
  • Zip Code: 20901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $509,111

    Appraisal Valuation

  • Standard Deviation: 0.1502
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 686,976
  • High Value: 790,193
  • Low Value: 583,759

    Market Valuation

  • Market Total Value: $632,000
  • Market Land Value: $251,700
  • Market Improvement Value: $380,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $481,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 06, 2022
  • Current Sale Recording Date: Jun 07, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 29, 2017
  • Previous Sale Contract Date: May 26, 2017
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Silver Spring


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Frequently Asked Questions

When was property at 416 Penwood Road built and last sold?
The property at 416 Penwood Road was built in 1949 and last sold on Jun 6, 2022 for $660,000.
How much is this home worth?
The estimated value of the home located at 416 Penwood Road is $0.
What are some comparable homes to 416 Penwood Road?
There are currently no comparable homes to 416 Penwood Road.