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$515,000

Beds
3
Baths
2.0
sq ft
2,002

3805 Elby St, Silver Spring, MD 20906

3805 Elby St

SILVER SPRING, MD 20906

  • 4 days on market
    • Open house Jan 04
Charming Brick Cape Cod on a Corner Lot This classic Brick Cape Cod offers the perfect blend of timeless charm and modern updates. From its inviting interior spaces to the outdoor amenities, including a covered deck and fenced backyard, this home is ready to accommodate your lifestyle. The finished basement adds valuable living space and functionality, while the leased solar panels keep energy costs low. Move in and enjoy comfort, style, and convenience! The main floor features two bedrooms, a full bathroom, a welcoming living room, and a galley kitchen with an adjoining dining area. A spacious third bedroom with hardwood floors is located on the second level. The kitchen boasts granite countertops and premium LG appliances, making meal preparation a breeze. A covered deck off the kitchen offers the perfect spot for outdoor dining and relaxation. Descend to the finished basement where you’ll find a tiled den/sitting room and a large, carpeted family room—ideal for entertainment or relaxation. There’s also a second full bathroom. A separate basement exit leads to the fully-fenced backyard. Leased solar panels help lower energy costs, adding eco-friendly value to the home. And newer replacement windows throughout the home ensure energy efficiency and a bright, airy interior. A driveway provides off-street parking for two vehicles. Great location, just 1.5 miles from the Glenmont Metro Station!

Details

Property type

Single Family Residence

Est. home value

$509,853

Lot size

6,664 sq ft

Price per sq ft

$258

Year built

1955

Annual property taxes

$4,946

HOA

No

Price History

01/03/2025
Bright

Bright #MDMC2158748

Listed
$515,000
+24.7%
08/07/2020
Bright

Bright #MDMC714062

Sold
$413,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

A. MARIO LOIEDERMAN

High school: 

WHEATON

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

$111,556
Asking price
$515,000
Closing costs (~8% of asking)
-$41,200
Est. remaining loan balance
-$362,244
Cash to seller
$111,556

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

Seller’s Loan History

Lender

Better Mortgage Corporation

Loan start date

August 2021

Original loan amount

$390,863

Est. remaining balance

$362,244

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Daniel A Mcgrath and Lorena Martinez

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: 01/04/2025 at 1:35 AM

Listing updated: 01/03/2025 at 9:14 AM

Listed by: Philip Reding, Redfin Corp Phone #: (301) 658-6186

MLS: Bright #MDMC2158748

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