2702 Martello Dr Silver Spring, MD 20904
Fairland NeighborhoodEstimated payment $10,562/month
Highlights
- 2 Acre Lot
- 1 Fireplace
- 4 Car Attached Garage
- James Hubert Blake High School Rated A
- No HOA
- Zoned Heating and Cooling System
About This Home
Welcome to 2702 Martello Drive, a magnificent castle-style residence nestled in the heart of Silver Spring, Maryland. Built in 2004, this unique property seamlessly blends medieval charm with contemporary luxury, offering an unparalleled living experience.
Spanning over 12,000 square feet, this expansive home features 8 bedrooms, 7 full bathrooms, and 2 powder rooms, providing ample space for family and guests. Situated on 2 acres of secluded land, the estate offers exceptional privacy and tranquility, creating a serene retreat from the hustle and bustle of daily life.
Embracing its castle-inspired design, the property boasts a charming moat, perfect for housing koi fish and adding to its enchanting allure. The oversized garage accommodates more than 4 vehicles, making it ideal for car enthusiasts or large families. Beyond its grandeur, the property also presents an incredible investment opportunity, with the current owner successfully generating monthly income through Airbnb bookings.
Conveniently located near major routes, including the Inter-County Connector (Route 200), the property offers easy access to the 270 North East technology corridors, making it perfect for both daily living and executive retreats.
This one-of-a-kind estate offers endless possibilities, don’t miss the opportunity to own this remarkable property that truly stands out in the Silver Spring market.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,227
Year Built
- Built in 2004
Lot Details
- 2 Acre Lot
- Property is zoned R200
Parking
- 4 Car Attached Garage
- Rear-Facing Garage
- Side Facing Garage
Home Design
- Block Foundation
- Slab Foundation
Interior Spaces
- Property has 3 Levels
- 1 Fireplace
- Unfinished Basement
- Walk-Up Access
Bedrooms and Bathrooms
Utilities
- Zoned Heating and Cooling System
- Multi-Tank Hot Water Heater
Community Details
- No Home Owners Association
- Colesville Outside Subdivision
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 160502542777
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $13,227 | $1,086,400 | $284,400 | $802,000 |
| 2023 | $13,645 | $1,126,000 | $284,400 | $841,600 |
| 2022 | $12,737 | $1,095,667 | $0 | $0 |
| 2021 | $12,331 | $1,065,333 | $0 | $0 |
| 2020 | $11,964 | $1,035,000 | $284,400 | $750,600 |
| 2019 | $11,832 | $1,025,300 | $0 | $0 |
| 2018 | $11,737 | $1,015,600 | $0 | $0 |
| 2017 | $5,552 | $454,300 | $0 | $0 |
| 2016 | -- | $440,100 | $0 | $0 |
| 2015 | $5,967 | $425,900 | $0 | $0 |
| 2014 | $5,967 | $411,700 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/12/2025 03/12/25 | Price Changed | $1,695,000 | -5.8% | $169 / Sq Ft |
| 12/20/2024 12/20/24 | For Sale | $1,800,000 | -- | $179 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $900,000 | Robert W Moses Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $855,000 | New Conventional | |
| Closed | $327,000 | Construction | |
| Previous Owner | $700,000 | New Conventional | |
| Previous Owner | $300,000 | Balloon | |
| Previous Owner | $140,000 | Future Advance Clause Open End Mortgage |
Source: Bright MLS
MLS Number: MDMC2158848
APN: 05-02542777
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