See Home Value
$1,049,000
● House - Off Market

517 MARGARET DRIVE

SILVER SPRING, MD 20910
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,301 Ft²
$5,735
Est. Monthly
5.85%
Cap Rate

About This Property

Stunning  and very large 5BD/3BA Cape-Cod home conveniently located between downtown Silver Spring and Takoma Park.

The main level greets you with a light-filled entryway and refinished wood floors that open onto a living room with built-in shelves and a beautiful bay window. Adjoining that is an elegant dining room perfect for dinner parties and everyday meals alike. Beyond: a kitchen that conveniently opens onto both a breakfast nook against the back windows and an epic family room with more built-in shelves and a wood-burning fireplace. (Panoramic windows make you feel like you're cooking, eating, and living among the trees!)

Among the home's spacious bedrooms is a marvelous primary bedroom suite with walk-in closet, spa-like bathroom (complete with skylight), and a landing that's the perfect perch for a home office. The fully-finished in-law suite on the lower level includes a private entrance, bathroom, bedroom and living space.

At 517 Margaret Drive, the fenced, tree-lined backyard has all you need for outdoor relaxation, including a verdant lawn, patio, garden space, and a wood-fired pizza oven. (The front yard is equally landscaped with native plants and trees.) And you're just a short drive or walk from entertainment, amenities, and more in downtown Silver Spring and Takoma Park.

Easy walk to the neighborhood schools,  and about equal distance to either the Takoma Park or Silver Spring Metro stops.  The world famous farmers Market is also just a short stroll away.
Unit Size
2,301 Ft²
Days on Market
47 days
Land Size
0.13 acres
Price per sqft
$456
Property Type
House
Property Taxes
$584
HOA Dues
-
Year Built
1934

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Last updated: 2 years ago (Bright MLS #MDMC2183032)

Price History

Date / Event Date Event Price
Jul 15, 2025 Sold
Sold
Jun 17, 2025 In contract -
In contract
May 29, 2025 Listed by Berkshire Hathaway HomeServices PenFed Realty $1,049,000
Listed by Berkshire Hathaway HomeServices PenFed Realty
May 21, 2025 In contract -
In contract
May 18, 2025 Relisted $1,012,500
Relisted
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1934
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 480
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,665
  • Total Building Area: 1,821
  • Gross Building Area: 1,821
  • Building Area: 1,821
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,301
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SARATOGA VILLAGE
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: R-A001
  • Legal Description 1: SARATOGA VILLAGE

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 702401

Zoning

  • Zoning: R60

Geography

  • Assessors Map Reference: JN42
  • Account Number: 01371574
  • District: 13
  • Parcel: 13-01371574
  • Block: E
  • Lot: 12
  • Latitude: 38.9865
  • Longitude: -77.0166

    Address

  • Full Address: 517 Margaret Dr
  • Address - House Number: 517
  • Address - Street Name: Margaret
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Silver Spring
  • Carrier Code: C001
  • 4-Digit Zip Code: 5218
  • Zip Code: 20910

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $568,554
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1433
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 82
  • Final Value: 769,792
  • High Value: 880,121
  • Low Value: 659,464

    Market Valuation

  • Market Total Value: $494,500
  • Market Land Value: $329,900
  • Market Improvement Value: $164,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $492,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 26, 1991
  • Current Sale Recording Date: Jul 26, 1991
  • Current Sale Price:
  • Current 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 517 Margaret Drive built and last sold?
The property at 517 Margaret Drive was built in 1934 and last sold on Jul 26, 1991 for $171,000.
How much is this home worth?
The estimated value of the home located at 517 Margaret Drive is $1,059,490.
What are some comparable homes to 517 Margaret Drive?
There are currently no comparable homes to 517 Margaret Drive.