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7961 Eastern Avenue

7961 Eastern Avenue, Silver Spring, MD 20910
Commercial in Silver Spring
Local assessors in Silver Spring, MD have categorized 7961 Eastern Avenue as a office type of property. The home was built in 1956 and is 68 years old. The property's lot size has been calculated to be 6,000 square feet. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 7961 Eastern Avenue is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $300,000 in Jan 1, 1970. Current property owners are expected to pay $31,886 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 7961 Eastern Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,600,000. To break that down further, the land itself was valued at $450,400. While improvements to the property were assessed at a total of $2,149,600. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180711
07/11/2018
Loft
-
-
-
bedrooms
Loft
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Brick
  • Floor Count: 3
  • Living Units: 1
  • Business/Commerical Units Count: 11
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 16,560
  • Gross Building Area: 16,560
  • Building Area: 16,560
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Office
  • Subdivision: SILVER SPRING SUB
  • Land Acres: 0.138
  • Standard Land Use Code: Office bldg (general)
  • Legal Description 1: SILVER SPRING-ARTS BLDG

Ownership

  • Current Owner : BAILEY LANCELOT O TR
  • Previous Owner : BAILEY LANCE O
  • Owner Before Previous Owner: WINBERG DEV CORP
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 702501

Zoning

  • Zoning: CR3.0

Geography

  • Assessors Map Reference: JN32 0 N108
  • Account Number: 01040400
  • District: 13
  • Parcel: 13-01040400
  • Block: B
  • Lot: 1
  • Latitude: 38.9876
  • Longitude: -77.03

    Address

  • Full Address: 7961 Eastern Ave
  • Address - House Number: 7961
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MD
  • City Name: Silver Spring
  • Carrier Code: C007
  • 4-Digit Zip Code: 4833
  • Zip Code: 20910

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $31,886
  • Intital Tax Deliquent Year: 2021

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $382,225
  • First Open Lien Mortgage Lender: INDUSTRIAL BANK OF WASHINGTON
  • First Open Lien Mortgage Recording Date: May 03, 1994
  • First Open Lien Mortgage Loan Amount: $208,225
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Recording Date: May 03, 1994
  • Second Open Lien Mortgage Loan Amount: $174,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $2,600,000
  • Market Land Value: $450,400
  • Market Improvement Value: $2,149,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,600,000
  • Assessed Land Value: $450,400
  • Assessed Improvements Value: $2,149,600

    Sales

  • Current Sale Contract Date: Apr 07, 2009
  • Current Sale Recording Date: Apr 09, 2009
  • Current Sale Transaction ID: 1182673798
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 7168
  • Previous Sale Recording Date: May 03, 1994
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: INDUSTRIAL BANK OF WASHINGTON
  • Previous Mortgage Transaction Date: May 03, 1994
  • Previous Mortgage Loan Amount: $208,225
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Silver Spring



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Nearby Rentals

Unit for rent at

$1,165 /mo

  • 1 Bed
  • 1 Bath
Listing by Suleman Hooda
Unit for rent at

$1,250 /mo

  • 1 Bed
  • 1 Bath
  • 650 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 7961 Eastern Avenue located in?
The 7961 Eastern Avenue is a commercial located in the neighborhood of Silver Spring in Silver Spring, Silver Spring.
What is the average sales price for listings in 7961 Eastern Avenue?
The average sales price for units in 7961 Eastern Avenue is $0 currently.

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