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$399,900

Beds
2
Baths
2.0
sq ft
804

1320 Fenwick Ln Unit 201, Silver Spring, MD 20910

1320 Fenwick Ln Unit 201

SILVER SPRING, MD 20910

  • 19 days on market
**ASSUMABLE LOAN of 4%** Welcome to The Octave, a stunning unit that embodies contemporary living in a vibrant community. This beautifully designed 2-bedroom, 2-bathroom condo offers a perfect blend of comfort and style, making it an ideal retreat for those seeking a modern lifestyle. Inside, you'll find a beautifully appointed interior featuring quartz countertops, hardwood floors throughout, in-unit washer/dryer, and separate storage space. Nestled in a mid-rise building completed in 2016, The Octave boasts an array of amenities that enhance your living experience. Enjoy the convenience of a 24/7 concierge service, a rooftop lounge, and a fitness center, all designed to cater to your active lifestyle. The inviting party room is perfect for hosting gatherings, while the well-maintained common grounds provide a serene escape right at your doorstep. With off-site parking available and a range of association services, your day-to-day living is made effortless. Located in a thriving neighborhood, The Octave offers easy access to local attractions, metro, dining, and shopping, ensuring that everything you need is just moments away. Whether you’re enjoying a quiet evening at home or exploring the vibrant surroundings, this property is designed to meet your every need. Don’t miss the opportunity to make this inviting condo your new home. Experience the perfect blend of modern amenities and a warm community atmosphere at The Octave!

Details

Property type

Condominium

Est. home value

$409,394

Lot size

Unknown

Price per sq ft

$498

Year built

2016

Annual property taxes

$4,960

HOA

No

Price History

02/04/2025
Bright

Bright #MDMC2164894

Listed
$399,900
02/01/2025
Bright

Bright #MDMC2153428

Removed
$399,900
10/23/2024
Bright

Bright #MDMC2153428

Listed
$399,900
+11.08%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

MONTGOMERY COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$7,590
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$360,318
Cash to seller
$7,590

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

First Home Mortgage Corp

Loan start date

August 2022

Original loan amount

$372,960

Est. remaining balance

$360,318

Interest rate

5.7%

Loan type

VA, 30 year

Seller

Raphael Aquino

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 11:40 PM

Listing updated: 02/11/2025 at 4:54 AM

Listed by: Zach Yelton, Long & Foster Real Estate, Inc. Phone #: (240) 497-1700

MLS: Bright #MDMC2164894

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