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$549,000

Beds
5
Baths
3.5
sq ft
2,184

27319 Ridge Rd, Damascus, MD 20872

27319 Ridge Rd

DAMASCUS, MD 20872

  • 58 days on market
    • Price drop $26,000↓
Charming 3-level Cape Cod on an almost half-acre lot, boasting great views and mature trees. This home offers 5 spacious bedrooms, including a main-level suite, and 3.5 baths. Enjoy the warmth of wood floors, a finished basement with a full bath, an office, and a cozy den—ideal for work or relaxation. Located in a highly sought-after community, with easy access to major commuter routes. Sold as-is, but inspections are welcome. Motivated seller offers $5,000 credit to buyer's closing costs. Don't miss out on this unique opportunity!

Details

Property type

Single Family Residence

Est. home value

$451,468

Lot size

0.47 acres

Price per sq ft

$252

Year built

1924

Annual property taxes

$3,389

HOA

No

Price History

09/12/2024
Bright

Bright #MDMC2143344

Price change
$549,000
-4.52%
08/09/2024
Bright

Bright #MDMC2143344

Listed
$575,000
+98.28%
06/10/2019
Bright

Bright #MDMC654856

Sold
$290,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

DAMASCUS

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

$295,873
Asking price
$549,000
Closing costs (~8% of asking)
-$43,920
Est. remaining loan balance
-$209,207
Cash to seller
$295,873

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 National Bank Of America

Loan start date

June 2019

Original loan amount

$232,000

Est. remaining balance

$209,207

Interest rate

4.17%

Loan type

New Conventional, 30 year

Seller

Edis H Padilla Lagos

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: 10/05/2024 at 1:20 AM

Listing updated: 09/12/2024 at 3:56 PM

Listed by: Blanca Judith Salamanca, Taylor Properties Phone #: (301) 970-2447

MLS: Bright #MDMC2143344

Bright logo

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