Downtown Silver Spring has become a hotspot in recent years, with entertainment venues, restaurants, bars and shops along with access to Metro and other transit options. Home buyers looking for walkability to everything will have to compete for the limited number of homes for sale. Those on a tight budget may face sticker shock at the median sales price, which was $587,500 in downtown’s 20910 Zip code in April, according to Bright MLS. That’s a jump of 16.3 percent compared with April 2018.
But a one-bedroom condo can still be affordable in the neighborhood. For example, the one-bedroom, one-bathroom condo at 1320 Fenwick Lane, No. 212, is priced at $269,000. The monthly condo fee is $378 and annual taxes are $2,615.
The 549-square-foot unit in the mid-rise Octave condo property, which was renovated in 2016, has an open floor plan with high ceilings, floor-to-ceiling windows, engineered wood floors, a balcony, a stacked washer and-dryer, and a kitchen with quartz counters and stainless-steel appliances. Building amenities include a roof terrace, a lounge on the top floor, an exercise room, a bike storage room, a front desk with concierge services and a workspace and wet bar in the lobby. Each unit has an assigned storage area. Garage parking is available for an additional fee.
Assigned schools include Woodlin Elementary, Sligo Middle and Albert Einstein High, all rated average by Greatschools.org based on test scores. Fore more photos, visit Coldwellbankerhomes.com/md/silver-spring/1320-fenwick-ln-212/pid_29987587/.
For more information, contact real estate agent Anne Herrera-Franklin with Coldwell Banker Residential Brokerage at 443-416-6440.