This is an FHA and VA Financing Approved Condo and eligible for a $5,000.00 grant (never have to pay back) for the down payment or closing costs which makes helps saves from the out-of-pocket costs and makes it more affordable than ever! Perched on the 8th floor of The Octave in Downtown Silver Spring, this bright 1BR/1BA condo makes every one of its 460 square feet work hard. A wall of glass with a sliding door opens to your private balcony with wide city and treetop views, filling the home with natural light. The sleek, open kitchen is anchored by a center island and modern quartz counters, with stainless steel appliances and wood‑style plank flooring creating a clean, contemporary look. The open living/dining area flows easily for movie nights or work‑from‑home days, while the bedroom offers good closet storage and an oversized bath. An in‑unit washer/dryer and energy‑efficient windows keep life simple and comfortable. Octave 1320 spoils residents with a concierge‑attended lobby, fitness room, club/meeting space, secured bike storage, and an enclosed rooftop sky lounge plus open‑air roof terrace with grills and sweeping western views. Directly across the street is the brand‑new Silver Spring Recreation & Aquatic Center with multiple pools, spa, fitness facilities and community rooms, and it’s just a short stroll to MOM’s Organic Market, restaurants, cafés, AFI, The Fillmore, breweries and the year‑round farmers' market. No Car, No Problem! All this less than half a mile to the Red Line Metro (and future Purple Line), buses, and major commuter routes; urban convenience at its smartest scale
CondoProperty Type
1964Year Built
$561Price/Sq.Ft.
$481/moHOA Dues
Listed by Brian G Mason• Signature Move Real Estate
Downtown Silver Springs, located between Rock Creek Park and the Capital Beltway, is a walkable and transit-linked Silver Spring neighborhood with a Metro hub and a marquee arts scene. The neighborhood’s pulse concentrates at the Ellsworth Drive and Fenton Street corridor, where sidewalk patios, indie eateries, and late-night marquees set a steady street rhythm. AFI Silver Theatre and Cultural Center, The Fillmore Silver Spring, and the Silver Spring Civic Building anchor the calendar with film, concerts, and public programs. Mid-century apartment towers mix with newer glass-and-brick mid-rises around pocket plazas and tree-lined blocks. Rock Creek’s trails and Sligo Creek’s greenway shape daily routes, while the transit center keeps the streets active from morning to evening.
Provided by Walk Score and Local Logic
Offer insights
$258,000
$257K and above
75% chance or better to win
Why $257K+ is a strong offer
SALE-TO-LIST
98.2%
Most homes are selling 2% below list price.
LIST PRICE
$258,000
Median list price in this area is $268,639. (4% higher than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Open floor plan
Combined kitchen and living area
Kitchen island
Elevator
Sliding glass door
Masonry and plaster walls
One common wall
Bedrooms
One bedroom on the main level
Bathrooms
One full bathroom on the main level
Kitchen
Built-in microwave
Stove
Refrigerator
ENERGY STAR dishwasher
Disposal
Laundry & utility
Washer and dryer in unit
Laundry hookups
Flooring
Laminate plank flooring
Heating & cooling
Forced-air heating with natural gas
Central air conditioning
Heat pump cooling
Exterior features
Balcony
Roof deck
BBQ grill
Extensive hardscape
Gutter system
Sidewalks
Street lights
Home design
Condominium
Flat
High-rise building with 9 or more floors
Entry on the 8th floor
Level main entry
Parking
Paved parking
Secure parking
On-street parking
Off-site parking
Parking lot
Parking fee applies
Rented or permit required
Construction
Renovated in 2020
Combination construction materials
Flat tar-and-gravel roof
Utilities
Public water
Public sewer
Fiber-optic internet
HOA & community
Monthly condo fee of $481.94
Fee includes water, exterior building maintenance, and management
On-site professional management
Community amenities include an exercise room, elevators, meeting room, and party room
Cats and dogs allowed
Electricity and solar
View estimated energy costs and solar savings for this home
Gorgeous penthouse condo with lovely views of Downtown Silver Spring. Just a couple of blocks from the Silver Spring Metro. This condo is well maintained and features engineered hardwood floors, open floor plan, balcony, stylish kitchen with stainless steel appliances, quartz countertops, in-unit washer and dryer. This pet friendly building offers a roof terrace, sky lounge, concierge, gorgeous and modern lobby with a fireplace, storage room, fitness center, and a bike room! Walk to local restaurants, music venues, farmer market, stores, etc.
Year
Property tax
Land + Additions
Assessment*
2026
$3,334 (+26.6%)
$84,000 + $196,000
$280,000
2025
$2,633 (−3.9%)
$84,000 + $196,000
$280,000
2024
$2,740 (−33.6%)
$84,000 + $196,000
$280,000
2023
$4,125 (+58.7%)
$87,000 + $203,000
$290,000
2022
$2,599 (+0.1%)
$87,000 + $203,000
$290,000
2021
$2,596 (+6.1%)
$87,000 + $203,000
$290,000
2020
$2,446 (+6.6%)
$87,000 + $203,000
$290,000
2019
$2,294 (+6.8%)
2018
$2,149 (−2.3%)
$75,000 + $175,000
$250,000
2017
$2,200
$75,000 + $175,000
$250,000
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
460
Unfinished Sq. Ft.
—
Total Sq. Ft.
460
Year built
1964
Style
Condo/Co-op
County
Montgomery County
APN
13 03773143
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
CR-5.0
DSS
Commercial Residential Zone - 5.0 FAR
The CR zone is intended for larger downtown, mixed-use, and pedestrian-oriented areas in close proximity to transit options such as Metro, light rail, and bus. Retail tenant gross floor area is not restricted.
People not familiar with the area often call it Silver Springs. The downtown area is an urban core on the border of DC with tremendous access to transportation, shopping, restaurants & various types of housing but the geographic area of Silver Spring...