SILVER SPRING, MD 20901

SILVER SPRING / INDIAN SPRING | BRICK SPLIT LEVEL | 3BD / 2.5BA | APPROX 2,028 TOTAL SQFT | WALKOUT LOWER LEVEL (NOT IN MLS)

Sold Sight Unseen- No Access until we have a ratified contract with the buyer

Property Overview

• Highly desirable Indian Spring opportunity in Silver Spring, Montgomery County, featuring a solid brick split level home.
• Offers 3 bedrooms, 2.5 bathrooms, approximately 1,352 square feet above grade and 676 square feet below grade, totaling approximately 2,028 square feet across all levels.
• Very clean and well maintained with original hardwood floors, private driveway, off street parking, finished walkout lower level and a nice yard.
• Existing layout offers strong resale potential with limited need for major reconfiguration.

Comparable Sales and ARV Support

• Excellent renovated comparable at 9409 Garwood St sold for 720,000 in June 2026. Features 3 bedrooms, 2 full bathrooms and approximately 2,185 finished square feet, only 157 square feet larger than the subject's total potential space.
• Strong current condition comparable at 19 Indian Spring Dr is pending at 615,000. Features 3 bedrooms, 2 bathrooms and approximately 1,555 square feet above grade. The property reportedly retains traditional and dated finishes, demonstrating buyer demand before a full modernization.
• Additional renovated comparable at 9503 Ocala St sold for 721,100 in June 2026. Features 3 bedrooms, 2.5 bathrooms and approximately 2,128 finished square feet.
• Recent renovated sales support the estimated ARV of 700,000, subject to renovation quality and current market conditions.
• The subject's 499,000 acquisition price provides a potential value add opportunity compared with recent renovated sales and the current pending listing.

Property Layout

• Main Level: Living room, dining room and kitchen with walkout access to the rear patio and yard.
• Upper Level: Primary bedroom with private full en suite bathroom, two additional bedrooms and full hall bathroom.
• Lower Level: Finished family room with recessed lighting, half bathroom, unfinished utility and storage space, and walkout access to the backyard.

Renovation and Value Add Potential

• Estimated renovation budget of 75,000 for updating and modernizing the existing layout.
• Existing 3 bedroom and 2.5 bathroom configuration offers strong retail appeal without major structural reconfiguration.
• Modernize the kitchen, bathrooms, flooring, paint, lighting and fixtures as needed.
• Preserve and refinish the original hardwood floors where feasible.
• Roof is older and needs work. Budget for replacement.
• HVAC was replaced approximately 12 years ago and should be evaluated for remaining useful life.
• Additional features include double pane vinyl windows, sump pump, private driveway and off street parking.

Investment Strategy

• Fix and Flip: Update the existing home and target an estimated renovated resale value of 700,000.
• Focus on cosmetic modernization, roof replacement and improving overall retail presentation.
• The primary en suite, half bathroom, finished family room and walkout lower level provide a functional layout that appeals to owner occupants.
• Estimated gross spread before closing costs, holding costs, financing, selling costs and other expenses is approximately 126,000.

Location Highlights

• Located in the highly sought after Indian Spring neighborhood of Silver Spring, Montgomery County.
• Convenient access to downtown Silver Spring, Washington DC, I-495 and major commuter routes.
• Nearby parks, recreation and established residential surroundings add to owner occupant appeal.
• Recent renovated sales above 700,000 and current buyer activity provide encouraging support for the anticipated retail exit.

Deal Numbers and Timeline

• Purchase Price: 499,000
• Estimated Renovation: 75,000
• Estimated ARV: 700,000
• Estimated Gross Spread Before Transaction Expenses: 126,000
• Closing Date: November 30, 2026
• Offer Deadline: Wednesday, October 21, 2026, at 9:00 AM
• Required Documents: Proof of Funds and LLC documents must be uploaded for offer consideration.

Important Transaction Notes

• Seller of equitable interest only. Property is not owned by the assignor. Transaction is an assignment of the existing contract.
• Buyers must conduct their own due diligence and independently verify property condition, repair costs, comparable sales and resale values.
• Buyers are responsible for property cleanout and all closing costs.
• Buyers are strictly prohibited from contacting the seller without express written consent from MarketPro Homebuyers.
• No collaboration with other wholesalers.

Contact Information

• Contact: Nikki Cornblatt
• Call or Text: 484-310-8993

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• To opt in, text DEALSDMV to 91074.
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