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324 Franklin Ave; Silver Spring, MD Property Details

324 Franklin Ave, Silver Spring, MD is a Single Family that was built in 1932. This property is currently Financed and is not for sale. Our records show that 324 Franklin Ave has 2 bedrooms, and 2 bathrooms, and a total of 1,789 square feet. The lot size of 324 Franklin Ave is 6,771 square feet.

Off market
324 Franklin Ave Silver Spring, MD 20901
$470,000 Listing Price
2 Beds
2 Baths
1,789 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1932
  • Purchase Price: $470,000
  • Open Loans / Balance: 2 / $641,022
  • Est. Equity / %: $49,978 / 7.23%
  • Gross Yield: 7.063%
  • APN: 13-01036076
  • Situs County: Montgomery
  • Length Of Ownership: 8 years, 4 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full Bathrooms: 2

Structure

  • Building Style: Frame
  • Stories: 1.5
  • Exterior Wall Type: Asbestos shingle
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Composition Shingle
  • Sewer Type: Municipal

Measurements

  • Total: 1,789/SqFt
  • Lot: 6,771/SqFt
  • Gross: 2,005/SqFt
  • Living: 1,789/SqFt
  • Basement: 448/SqFt
  • Building: 1,789/SqFt
  • Ground: 927/SqFt
  • Basement Finished: 448/SqFt
  • Price Per Square Foot: $262.72

Legal Description

  • Description: SEVEN OAKS SEC 5
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Montgomery County Public Schools
  • Lat / Lon: 39.008316 / -77.01667
  • Subdivision: Seven Oaks
  • Property Class: Residential
  • Zoning: R60
  • County Use Code: 111

Amenities

  • Plus Four: 4849
  • Cooling: Central
  • Heating: Baseboard

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

324 Franklin Ave has no associated ownership info
324 Franklin Ave has no associated ownership info.

Taxes

324 Franklin Ave has 10 associated Taxes items

324 Franklin Ave, Silver Spring, MD pays taxes in Montgomery County, MD. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $590,300. The APN we've located for 324 Franklin Ave is 13-01036076.

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Taxes
  • Assessed Value:  $590,300
  • Assessed Year:  2026
  • Assessed County:  Montgomery
  • APN:  13-01036076
  • Assessed Land Value:  243800
  • Market Land Value:  243800
  • Tax Amount:  6848.43
  • Tax Year:  2025
  • Market Value:  590300
  • Market Year:  2026

Tax History

324 Franklin Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $590,300 Land Value $243,800 Improvement Value $346,500 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $6,848.43 Change Rate -0.09229% Assessed CR Tax Rate
Year 2024 Assessed Value $597,800 Land Value $212,100 Improvement Value $385,700 Tax Amount $7,544.73 Change Rate +0.214434% Assessed CR Tax Rate +0.012621%
Year 2023 Assessed Value $552,067 Land Value Improvement Value Tax Amount $6,212.55 Change Rate +0.159923% Assessed CR Tax Rate +0.011253%
Year 2022 Assessed Value $506,333 Land Value Improvement Value Tax Amount $5,356 Change Rate -0.441746% Assessed CR Tax Rate +0.010578%
Year 2021 Assessed Value $460,600 Land Value $212,100 Improvement Value $248,500 Tax Amount $9,594.2 Change Rate Assessed CR Tax Rate +0.02083%
Year 2020 Assessed Value $419,600 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2019 Assessed Value $378,600 Land Value Improvement Value Tax Amount $7,743.1 Change Rate +1.076193% Assessed CR Tax Rate +0.020452%
Year 2018 Assessed Value $337,600 Land Value $212,100 Improvement Value $125,500 Tax Amount $3,729.47 Change Rate -0.014064% Assessed CR Tax Rate +0.011047%
Year 2017 Assessed Value $330,933 Land Value Improvement Value Tax Amount $3,782.67 Change Rate Assessed CR Tax Rate +0.01143%
Year 2016 Assessed Value $324,267 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2015 Assessed Value $317,600 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $317,600 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $3,333.69 Change Rate Assessed CR Tax Rate