See Home Value
$591,235*
House - Off Market

702 LANARK WAY

SILVER SPRING, MD 20901
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1784 Sqft
$481,000 - $587,000
Reference Base Price*
10.61%
Since Sep 1, 2021
DC-Washington
Primary Model
Sold Nov 03, 2021
$515,000
$499,550 by Nfm Inc
Mortgage Due Nov 01, 2051
Sold Apr 16, 2004
Transfer

About This Property

Lovely ranch/rambler with brand new roof. This home offers 4 bedrooms and 2 full bathrooms. New floors, new recessed lights. Nice backyard porch for family gathering. Come check it out.

The manager has listed the unit size as 1784 square feet.
Unit Size
1,784Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$300
Property Type
House
Property Taxes
$4,611
HOA Dues
-
Year Built
1956

Price History

Date / Event Date Event Price
Nov 3, 2021 Sold to Askale Gebreyesus, Gezahegn... $515,000
Sold to Askale Gebreyesus, Gezahegn...
Aug 3, 2021 No longer available -
No longer available
Jul 19, 2021 Price Decreased $534,500
↓ $15K (2.7%)
Price Decreased
Jun 16, 2021 Listed $549,500
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 756
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 6,169
  • Total Building Area: 1,284
  • Gross Building Area: 1,284
  • Building Area: 1,284
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,784
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COUNTRY CLUB VIEW
  • Land Acres: 0.142
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COUNTRY CLUB VIEW

Ownership

  • Current Owner : GEBREYESUS ASKALE
  • Current Owner 2: GEBREEGZIABHER GEZAHEGN
  • Previous Owner : VO MY VAN THI
  • Owner Before Previous Owner: VANNGUYEN HAI
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 703000

Zoning

  • Zoning: R60

Geography

  • Assessors Map Reference: JP32
  • Account Number: 01106124
  • District: 13
  • Parcel: 13-01106124
  • Block: J
  • Lot: 12
  • Latitude: 39.0206
  • Longitude: -77.021

    Address

  • Full Address: 702 Lanark Way
  • Address - House Number: 702
  • Address - Street Name: Lanark
  • Address - Suffix Type: Way
  • State: MD
  • City Name: Silver Spring
  • Carrier Code: C033
  • 4-Digit Zip Code: 2041
  • Zip Code: 20901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,833

    Appraisal Valuation

  • Standard Deviation: 0.0683
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 96
  • Final Value: 518,342
  • High Value: 553,780
  • Low Value: 482,904

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $499,550
  • First Open Lien Mortgage Lender: NFM INC
  • First Open Lien Mortgage Recording Date: Nov 03, 2021
  • First Open Lien Mortgage Loan Amount: $499,550
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $501,000
  • Market Land Value: $209,000
  • Market Improvement Value: $292,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $420,667

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 26, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Transaction ID: 11864479495
  • Current Sale Price: $515,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Apr 16, 2004
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NFM INC
  • First Mortgage Transaction Date: Nov 03, 2021
  • First Mortgage Loan Amount: $499,550
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,244 ft²
$458/ft²
$570,000 May 26, 2023
$570,000 Jun 30, 2023
-
House
4 Beds
3 Baths
1,192 ft²
$419/ft²
$500,000 May 30, 2023
$500,000 Jun 14, 2023
-
House
4 Beds
2 Baths
1,120 ft²
$491/ft²
$550,000 Dec 6, 2023
$550,000 Jan 9, 2024
-
House
3 Beds
2 Baths
1,672 ft²
$314/ft²
$525,000 Jul 14, 2023
$525,000 Sep 7, 2023
-
House
3 Beds
2 Baths
1,588 ft²
$384/ft²
$610,000 Aug 21, 2023
$610,000 Sep 21, 2023
-
House
5 Beds
3 Baths
1,404 ft²
$321/ft²
$450,000 Jul 15, 2023
$450,000 Aug 2, 2023
-
House
4 Beds
2 Baths
1,716 ft²
$367/ft²
$630,000 Apr 5, 2024
-
-
House
4 Beds
2 Baths
1,514 ft²
$386/ft²
$585,000 Apr 5, 2024
-
-
House
4 Beds
2 Baths
1,240 ft²
$468/ft²
$579,900 Jan 19, 2024
-
-
House
4 Beds
3 Baths
1,160 ft²
$551/ft²
$639,000 Apr 5, 2024
-
-
House
3 Beds
3 Baths
1,538 ft²
$364/ft²
$559,800 Feb 22, 2024
-
-
House
3 Beds
3 Baths
1,432 ft²
$409/ft²
$585,000 Apr 18, 2024
-
-

About Silver Spring


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Frequently Asked Questions

When was property at 702 Lanark Way built and last sold?
The property at 702 Lanark Way was built in 1956 and last sold on Oct 26, 2021 for $515,000.
How much is this home worth?
The estimated value of the home located at 702 Lanark Way is $553,323.
What are some comparable homes to 702 Lanark Way?
There are currently no comparable homes to 702 Lanark Way.

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