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Sold for $425,000 on 08/11/23
  • $425,000

    1320 Fenwick Ln UNIT 702, Silver Spring, MD 20910

    2beds
    850sqft
    Condominium
    Built in 1964
    -- sqft lot
    $434,200 Zestimate®
    $500/sqft
    $2,343 Estimated rent

    Home value

    $434,200

    $408,000 - $456,000

    $2,343/mo

    Zestimate® history
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    What's special

    Welcome to this stunning corner unit 2 bed, 2 bath condo at The Octave 1320 in Downtown Silver Spring. Octave 1320 was designed by BKV Group and developed by ProMark Real Estate Services out of a repurposed office building. Built 1964 but renovated in 2016 into condos, this building has 8 floors and a number of amenities. Because of the concrete office floor construction, you hardly hear your neighbors. There is an enclosed rooftop lounge which can be reserved for private parties (used by residents and guests but privately reserved for a fee) and a roof deck which has views of the Silver Spring skyline. The is a first-floor lounge features tables that you can work from home without actually working from home, and a bike storage room and separate storage room (assigned storage for this unit is #2 and is located in the lower level). The fitness center is located in the lower level of the building. The concierge works 7 days a week and will store your packages in a secure package storage room. Walk into the front hallway which the current owners had set up as a home organization spot with the family calendar, mail station and more. The hall closet features a custom storage system and full-size in-unit laundry. This condo features a modern open concept living space with floor to ceiling windows. The kitchen offers grey cabinets, a gas stove, white title backsplash, and a built-in microwave and dishwasher. There is a pantry cabinet for all your food supplies. The Juliette balcony adds that extra pop of charm. There are two bedrooms and bathrooms in this condo. The primary suite has lots of light and floor to ceiling windows. The primary bath has a large shower and the closet features custom shelving. The hall bath features a bathtub shower combo. Because of its recent construction, this condo features track lighting, recessed lighting and a sprinkler system. Parking in this unit does not convey. You can add your name to the parking wait list to get something assigned to you. You can park in the lot for $130/month or the county lot next door for $132/month. As for location, you can’t get any better. This condo is in the heart of Downtown Silver Spring with everything that entails – restaurants, shops, movie theatre, the Silver Spring Library, the Fillemore, etc. Walk to the metro for the Silver Spring red line and the Purple Line which will be opening in a few years. You are also very conveniently located with just a short walk to the local breweries. Improvements: Freshly painted throughout, June 2023 Condo fee: $789/mon Condo fee includes: Amenities – rooftop lounge, roof deck, first floor lounge, bike storage room, storage unit, fitness center, maintenance of the building, building utilities, water, property manager on-site.

    Zillow last checked: 8 hours ago

    Listing updated: August 11, 2023 at 08:58am

    Listed by:

    Melissa Terzis 202-253-9105,

    TTR Sotheby's International Realty,

    Co-Listing Agent: Hannah Clancy-Thompson 301-377-9757,

    TTR Sotheby's International Realty

    Bought with:

    Kelly Basheer Garrett, 634175

    TTR Sotheby's International Realty

    Source: Bright MLS,MLS#: MDMC2094908MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Basement
    • Area: 0
    Heating
    • Central, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Microwave, Dishwasher, Dryer, Oven, Oven/Range - Gas, Refrigerator, Stainless Steel Appliance(s), Washer, Gas Water Heater
    • Laundry: Dryer In Unit, Has Laundry, Main Level, Washer In Unit, In Unit
    Features
    • Combination Dining/Living, Combination Kitchen/Living, Entry Level Bedroom, Open Floorplan, Pantry, Primary Bath(s), Recessed Lighting
    • Flooring: Wood
    • Doors: Sliding Glass
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 850
    • Total interior livable area: 850 sqft
    • Finished area above ground: 850
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Other
    Accessibility
    • Accessibility features: Accessible Elevator Installed, Accessible Entrance, No Stairs
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Has view: Yes
    • View description: City
    Lot
    • Features: Downtown
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 161303772981
    • Zoning: COMMERCIAL
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Composition, Metal Siding
    Condition
    • Very Good
    • New construction: No
    • Year built: 1964
    • Major remodel year: 2015
    Details
    • Builder name: ProMark Development

    Utilities & green energy

    • Sewer: No Septic System
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Fire Sprinkler System
    Location
    • Region: Silver Spring
    • Subdivision: Silver Spring

    HOA & financial

    HOA
    • Has HOA: No
    • Amenities included: Community Center, Concierge, Elevator(s), Fitness Center, Storage, Meeting Room, Party Room
    • Services included: Common Area Maintenance, Maintenance Structure, Management, Recreation Facility, Reserve Funds, Sewer, Trash, Water
    • Association name: Octave 1320
    Other fees
    • Condo and coop fee: $789 monthly

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Condominium

    Price history

    DateEventPrice
    8/11/2023Sold$425,000$500/sqft
    Source: Bright MLS #MDMC2094908
    7/31/2023Pending sale$425,000$500/sqft
    Source: Bright MLS #MDMC2094908
    7/28/2023Listed for sale$425,000-1.8%$500/sqft
    Source: Bright MLS #MDMC2094908
    7/21/2023Contingent$433,000+1.9%$509/sqft
    Source: Bright MLS #MDMC2094908
    6/27/2023Listed for sale$425,000+1.2%$500/sqft
    Source: Bright MLS #MDMC2094908

    Public tax history

    YearProperty taxesTax assessment
    2025$5,676 -5.3%$480,000 -5.9%
    2024$5,994 +6.5%$510,000 +6.6%
    2023$5,626 +11.7%$478,333 +7.1%

    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Woodlin
    • Middle: Sligo
    • High: Albert Einstein
    • District: Montgomery County Public Schools

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $434,200
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