Check Availability

403 Franklin Avenue

403 Franklin Avenue, Silver Spring, MD 20901
Property in Indian Spring
Sold May 14, 2012
$339,900
$322,905 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2042
Sold Sep 05, 2003
$299,000
Buyer
Seller
403 Franklin Avenue in Silver Spring, MD was first built in 1933 and is 91 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 403 Franklin Avenue has 1,075 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. The basement is 403 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 6,485 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of C+. 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. The property was last sold in May 1, 2012 for $339,900. That's $505.80 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $299,000. 403 Franklin Avenue was last assessed in 2023. The total value of the property was assessed at $353,167. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,017. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 403
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,485
  • Total Building Area: 672
  • Gross Building Area: 672
  • Building Area: 672
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,075
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SEVEN OAKS
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 5 SEVEN OAKS

Ownership

  • Current Owner : OKOYE VINCENT C
  • Current Owner 2: IGNACZAK MAGDALENA K
  • Previous Owner : LILLY AMY M
  • Owner Before Previous Owner: WETZEL PAUL A
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 702200

Zoning

  • Zoning: R60

Geography

  • Assessors Map Reference: JP41
  • Account Number: 01036418
  • District: 13
  • Section: 5
  • Parcel: 13-01036418
  • Block: N
  • Lot: 16
  • Latitude: 39.0087
  • Longitude: -77.0173

    Address

  • Full Address: 403 Franklin Ave
  • Address - House Number: 403
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: MD
  • City Name: Silver Spring
  • Carrier Code: C005
  • 4-Digit Zip Code: 4805
  • Zip Code: 20901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,017

    Appraisal Valuation

  • Standard Deviation: 0.1324
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 84
  • Final Value: 516,023
  • High Value: 584,380
  • Low Value: 447,665

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $322,905
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 14, 2012
  • First Open Lien Mortgage Loan Amount: $322,905
  • 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: Jun 01, 2042

    Market Valuation

  • Market Total Value: $365,500
  • Market Land Value: $210,800
  • Market Improvement Value: $154,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $353,167

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2012
  • Current Sale Recording Date: May 14, 2012
  • Current Sale Transaction ID: 1090167785
  • Current Sale Price: $339,900
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Sep 05, 2003
  • Previous Sale Amount: $299,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: May 14, 2012
  • First Mortgage Loan Amount: $322,905
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2042

About Silver Spring



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$5,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,230 ft²
Listing by Kristen Lee Chaney

Frequently Asked Questions

What neighborhood is 403 Franklin Avenue located in?
The 403 Franklin Avenue is a located in the neighborhood of Indian Spring in Silver Spring, Silver Spring.
What is the average sales price for listings in 403 Franklin Avenue?
The average sales price for units in 403 Franklin Avenue is $0 currently.

Quantcast