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5918 Cedar Parkway

5918 Cedar Parkway, Chevy Chase, MD 20815
Sold Jul 11, 2016
$3,880,000
$3,100,000 by Jpmorgan Chase Bank Na
Mortgage Due Jul 01, 2046
Sold Dec 09, 1993
$1,325,000
Buyer
Seller
$725,000 by First National Mortgage Corp
Mortgage
5918 Cedar Parkway in Chevy Chase, MD was first built in 1976 and is 48 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 5 full bathrooms. There are 6 partial bathrooms. 5918 Cedar Parkway has 7,533 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. In total, the area measurement of the land is 34,374 square feet.

Learn more about the property and building on this page. There is a open porch. The roof of the home is made of slate. The property is connected to a sewer system. For those who need parking, there is a garage underground or in the basement. The garage is 432 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of D. 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, 5918 Cedar Parkway sold most recently in Jun 28, 2016 for a total of $3,880,000. If you work out the math, that's approximately a cost of $512.89 per sqft. Before that, the property was also sold for $1,325,000 in Jan 1, 1970. 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 $44,775 in taxes each year. 5918 Cedar Parkway was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,683,667. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 0
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: Average
  • Building Quality: D
  • Exterior Walls Type: Brick
  • Roof Cover Type: Slate
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Garage Square Area: 432
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 34,374
  • Total Building Area: 7,565
  • Gross Building Area: 7,565
  • Building Area: 7,565
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 7,533
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHEVY CHASE
  • Land Acres: 0.789
  • Standard Land Use Code: Single family residential
  • Legal Description 1: W SIDE CEDAR PKWY CH CH SEC 2 6023-716

Ownership

  • Current Owner : NICHOLS ROBERT
  • Current Owner 2: NICHOLS REBECCA
  • Previous Owner : GIBBS LAWRENCE B
  • Previous Owner 2: GIBBS DOROTHEA S
  • Owner Before Previous Owner: CAMPBELL D S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 705300

Zoning

  • Zoning: R60

Geography

  • Assessors Map Reference: HN31 0 P620
  • Account Number: 00455805
  • District: 07
  • Section: 2
  • Parcel: 07-00455805
  • Municipality: CHEVY CHASE VILLAGE
  • Latitude: 38.971
  • Longitude: -77.0831

    Address

  • Full Address: 5918 Cedar Pkwy
  • Address - House Number: 5918
  • Address - Street Name: Cedar
  • Address - Suffix Type: Pkwy
  • State: MD
  • City Name: Chevy Chase
  • Carrier Code: C067
  • 4-Digit Zip Code: 4251
  • Zip Code: 20815

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $44,775
  • Tax Rate Code Area: 004

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 2,121,217
  • High Value: 2,506,394
  • Low Value: 1,736,039

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $3,650,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 11, 2016
  • First Open Lien Mortgage Loan Amount: $3,100,000
  • 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: Jul 01, 2046
  • Second Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • Second Open Lien Mortgage Recording Date: Sep 21, 2020
  • Second Open Lien Mortgage Loan Amount: $550,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Open Lien Mortgage Loan Due Date: Oct 05, 2050

    Market Valuation

  • Market Total Value: $4,187,400
  • Market Land Value: $1,590,900
  • Market Improvement Value: $2,596,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,683,667

    Sales

  • Current Sale Contract Date: Jun 28, 2016
  • Current Sale Recording Date: Jul 11, 2016
  • Current Sale Transaction ID: 1839165934
  • Current Sale Price: $3,880,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Dec 09, 1993
  • Previous Sale Amount: $1,325,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jul 11, 2016
  • First Mortgage Loan Amount: $3,100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONAL MORTGAGE CORP
  • Previous Mortgage Transaction Date: Dec 09, 1993
  • Previous Mortgage Loan Amount: $725,000

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Frequently Asked Questions

What neighborhood is 5918 Cedar Parkway located in?
The 5918 Cedar Parkway is a located in the neighborhood of Chevy Chase Village in Chevy Chase, Chevy Chase.
What is the average sales price for listings in 5918 Cedar Parkway?
The average sales price for units in 5918 Cedar Parkway is $0 currently.

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