new - 5 days on rocket

903 Erie Ave, Takoma Park, MD, 20912

$659,000

Home List Price

$7,826*

Closing Credit

0 Baths
2,070 SqFt
$318/SqFt
Multi

Location

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903 Erie Ave, Takoma Park$659,000

Buyer Closing Credits

$7,826*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1938
HeatingRadiant
CoolingWindow Unit(s)
BasementYes
ViewGarden
MLS #MDMC2153574
Lot Size0.14 Acres
StatusActive
(ACTIVE)

About 903 Erie Ave

Welcome to 903 Erie Avenue, a fantastic opportunity to own a classic brick colonial that has been thoughtfully divided into two distinct units, offering excellent versatility. Live in one unit and rent the other, or use both as a profitable investment. Each apartment has its own electric meter, providing a convenient setup for dual occupancy or income generation. The upper unit (pictured) is approximately 1,000 square feet and boasts a beautifully renovated table-space kitchen with stainless steel appliances, stylish cabinetry, gas cooking, and granite countertops. The spacious living room features a brick accent wall, recessed lighting, and a ceiling fan, creating a perfect space for relaxation. This unit also includes two bedrooms, an office with access to a deck, and an in-unit laundry closet, plus access to the attic for additional storage. The main-level unit, much of the charm of the upper level, with slight variations. It also offers two bedrooms and a office/bonus area. It is currently occupied by a renter on a month-to-month lease, providing immediate income (a little over $2,000/mo.,) for potential buyers. Additionally, the property is outside of the Takoma Park Rent Stabilization area, allowing more flexibility. The outdoor space features mature trees, a deck, a brick patio, and a fenced backyard. Enjoy living in eclectic Takoma Park; the location offers all the allure and convenience of this very special area. Relish the warm sense of community as well as easy access to local shopping, restaurants, entertainment, Sligo Creek Trail, and Long Branch Trail providing both comfort and convenience in an ideal setting.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1938
  • Living Area: 2,070 SqFt

Listing Office:

  • Office Name: Perennial Real Estate
  • Office Phone: (301) 450-6999
  • Listing Agent: Daniel F Metcalf

Interior Features

Interior Information:

  • Appliances: Dryer, Oven, Gas Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes
  • Interior: Ceiling Fan(s), Entry Level Bedroom, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Table Space, Recessed Lighting, Upgraded Countertops, Wood Floors

Exterior Features

Exterior Information:

  • View: Garden

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Montgomery Blair High School, Public Magnet Grades 9-12
  • Silver Spring International Middle School, Public District Grades 6-8
  • Rolling Terrace Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Via New Hampshire Ave: right onto Merrimac Dr; left onto Carroll Ave; right onto Garland; left onto Erie Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $659,000
  • Price Per SqFt: $318/SqFt

Tax Information:

  • Annual Amount: $4,098
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Takoma Park, MD.

Med. Sold Price

$715K

Med. Price/SqFt

$372

Avg. Days On Market

15

# of Sold Homes

12

903 Erie Ave vs Takoma Park

5 DAYS ON ROCKET

-10 Days

$659,000

-$56K Less

$318/SqFt

-$54 Less

KEY TAKEAWAY

This property is $56K less than the Median Sold Price and $54/SqFt less than other homes in Takoma Park, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDMC2153574

Listing Office:

  • Office Name: Perennial Real Estate
  • Office Phone: (301) 450-6999
  • Listing Agent: Daniel F Metcalf

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/2/2024, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 24, 2018Home Sold
$516,400

Tax History

YEARPROP. TAXASSESSMENT
2021$4,098$500,700
2020$5,301$457,467
2018$4,229$371,000

History based on county public records data.

Payment Calculator

$3,357

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,042

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-51976
2
/10
  • Rolling Terrace Elementary School

  • 705 Bayfield St

  • 0.41 miles

  • Public District Grades PK-5

Middle School

school-card-donut-51977
5
/10
  • Silver Spring International Middle School

  • 313 Wayne Ave

  • 1.10 miles

  • Public District Grades 6-8

High School

school-card-donut-51978
5
/10
  • Montgomery Blair High School

  • 51 University Blvd E

  • 2.08 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,953. The most common annual income of people living in Takoma Park, MD is between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket Homes›Maryland›Montgomery County›Takoma Park›20912›903 Erie Ave

This home is located at 903 Erie Ave in Takoma Park, MD and zip code 20912 in the Silver Spring neighborhood. This 2,070 square foot home, which was built in 1938, sits on a 0.14 acre lot. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $659,000.

Over 7 listings were sold over their listed price in October 2024 in Takoma Park, MD. In the same period over 4 listings were sold below the listed price and 1 listings were sold for the listed price. The number of homes for sale in Takoma Park, MD increased by 24.5% between September 2024 and October 2024. Listings spent 15 days on the market in October 2024, and had a median list price of $715,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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