See Home Value
$685,000
● House - Off Market

8804 1ST AVE

SILVER SPRING, MD 20910
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,578 Ft²
$3,437
Est. Monthly

About This Property

Investor and Sweat Equity Buyers Dream House Awaits Rebirth in Silver Spring!

Discover a prime investment opportunity at 8804 1st Ave, Silver Spring, MD. This property, nestled in a sought-after location, offers vast potential for savvy investors looking to reimagine and revitalize.

Key Features:

Location: Ideally situated in Silver Spring, enjoy urban conveniences while relishing a tranquil residential setting.

Size and Structure: With a spacious layout of 2271 sq/ft spread out over three levels, this property beckons creative redesigns, presenting an open canvas for innovative transformations. This home is also situated on a very large lot of approx 15,000 sq/ft or almost 3/4 of an acre.  Bump out or up potential galore and possible addition of an other building such as a home office, garage or artist studio.  Be creative and let your architect make some suggestions.

Investment Potential: Unlock the potential for a lucrative investment in a rapidly growing market, promising significant returns with strategic renovations. Wonder the local area and see what how similar homes have been renovated, updated and expanded.

Surrounding Area: Close to local attractions, parks, shopping, and top-rated schools, enhancing the property's appeal for future buyers or renters.

Why It's a Dream for Investors and Sweat Equity Homeowners:

Renovation Opportunity: Embrace the challenge of remodeling this property, harnessing its blank slate to create a modern, captivating living space.

Profit Prospects: Leverage the property's location and growth potential in Silver Spring for a promising return on investment.

Resale/Rental Potential: After renovation, attract eager buyers or tenants seeking a stylish, revamped dwelling in this burgeoning area.

Take advantage of this rare opportunity to breathe new life into this lovely property.  Explore the endless possibilities of this property, and make your mark in the thriving Silver Spring real estate scene.

Schedule a viewing today to unleash its full potential!
Unit Size
1,578 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$444
Property Type
House
Property Taxes
$573
HOA Dues
-
Year Built
1939

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Last updated: 3 years ago (Bright MLS #MDMC2106512)

Price History

Date / Event Date Event Price
Jan 17, 2024 Sold
Sold
Nov 30, 2023 Listed by RLAH @properties $699,900
Listed by RLAH @properties
Jun 1, 1993 Sold
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • 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: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Total Building Area: 1,578
  • Gross Building Area: 1,578
  • Building Area: 1,578
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,578
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODSIDE
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: R-A001
  • Legal Description 1: WOODSIDE

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 702800

Zoning

  • Zoning: R60

Geography

  • Assessors Map Reference: JP21
  • Account Number: 01091088
  • District: 13
  • Parcel: 13-01091088
  • Block: 8
  • Lot: 3
  • Latitude: 39.0004
  • Longitude: -77.0354

    Address

  • Full Address: 8804 1st Ave
  • Address - House Number: 8804
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: MD
  • City Name: Silver Spring
  • Carrier Code: C035
  • 4-Digit Zip Code: 2737
  • Zip Code: 20910

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $798,051

    Appraisal Valuation

  • Standard Deviation: 0.0683
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 96
  • Final Value: 712,483
  • High Value: 761,194
  • Low Value: 663,771

    Market Valuation

  • Market Total Value: $584,900
  • Market Land Value: $381,200
  • Market Improvement Value: $203,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $577,033

    Sales

  • Current Sale Contract Date: Jan 16, 2024
  • Current Sale Recording Date: Jan 17, 2024
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 01, 1993
  • Previous Sale Contract Date: Jun 01, 1993
  • Previous Sale Amount: $208,000
  • 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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Nearby Rentals

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Unit for rent at 45 Ellsworth Heights Street, SILVER SPRING, MD, 20910

$4,050 /mo

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Unit for rent at 2518 Harmon Road, SILVER SPRING, MD, 20902

$3,900 /mo

  • 5 Beds
  • 2 Baths
  • 1,924 ft²
2518 Harmon Road, SILVER SPRING, MD, 20902 Listing by David S. Goldberg


Frequently Asked Questions

When was property at 8804 1st Avenue built and last sold?
The property at 8804 1st Avenue was built in 1939 and last sold on Jan 16, 2024 for $685,000.
How much is this home worth?
The estimated value of the home located at 8804 1st Avenue is $699,299.
What are some comparable homes to 8804 1st Avenue?
There are currently no comparable homes to 8804 1st Avenue.