NOT LISTED FOR SALE

2408 Lake Ave Cheverly, MD 20785

Estimated Value: $437,000 - $478,000

3 Beds
1.5 Baths
1,196 Sq Ft
$384/Sq Ft Est. Value

Last Sold April 25, 2019

Last sale price $335,000 $280 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,097/month

115 Days on Market

Highlights

  • Colonial Architecture
  • Attic
  • No HOA
  • Wood Flooring
  • 1 Fireplace
  • Community Pool

About This Home

As of April 2019

A lovely colonial home in the heart of Cheverly, Maryland is waiting your arrival. This well maintained three bedroom, one and a half bath home, is located on a street lined with beautiful mature trees. The home has a fireplace in the living room, hardwood floors and a finished basement that leads to the backyard. There is plenty of backyard outdoor space for entertaining. Enjoy a breath of fresh air as you sit on your screened porch.The huge outdoor community pool is a must for summer entertainment. Walking distance to Cheverly Metro Station and just minutes from Route 202, Route 50 and Washington DC. This home is being SOLD AS IS.

Last Agent to Sell the Property

Vandra Covington

Keller Williams Preferred Properties License #671202 Listed on: 11/26/2018

Last Buyer's Agent

Vandra Covington

Keller Williams Preferred Properties License #671202 Listed on: 11/26/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,203

Year Built

  • Built in 1948

Lot Details

  • 5,100 Sq Ft Lot
  • Property is zoned R55

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,196 Sq Ft Home
  • Property has 3 Levels
  • Paneling
  • Recessed Lighting
  • 1 Fireplace
  • Formal Dining Room
  • Walk-Out Basement
  • Attic

Kitchen

  • Galley Kitchen
  • Electric Oven or Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Accessible Home Design

  • Lowered Light Switches
  • Doors swing in
  • Level Entry For Accessibility

Outdoor Features

  • Patio

Schools

  • Gladys Noon Spellman Elementary School
  • Bladensburg High School

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 44
  • Assessor Parcel Number 17020088328

Community Details

Overview

  • No Home Owners Association
  • Cheverly Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,203

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: Accessible Switches/Outlets, Doors - Swing In, Level Entry - Main
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Lower 1, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1948
  • Remarks Public: A lovely colonial home in the heart of Cheverly, Maryland is waiting your arrival. This well maintained three bedroom, one and a half bath home, is located on a street lined with beautiful mature trees. The home has a fireplace in the living room, hardwood floors and a finished basement that leads to the backyard. There is plenty of backyard outdoor space for entertaining. Enjoy a breath of fresh air as you sit on your screened porch.The huge outdoor community pool is a must for summer entertainment. Walking distance to Cheverly Metro Station and just minutes from Route 202, Route 50 and Washington DC. This home is being SOLD AS IS.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Water Heater
  • Flooring Type: Wood, Ceramic Tile, Vinyl
  • Interior Amenities: Attic, Carpet, Dining Area, Formal/Separate Dining Room, Kitchen - Galley, Recessed Lighting, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall, Paneled Walls
  • Levels Count: 3+
  • Room List: Basement
  • Basement: Yes
  • Basement Type: Walkout Level
  • Total Sq Ft: 1196
  • Living Area Sq Ft: 1196
  • Price Per Sq Ft: 280.10
  • Above Grade Finished Sq Ft: 1196
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2408

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Asphalt
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 34.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
  • Elementary School: GLADYS NOON SPELLMAN
  • High School: BLADENSBURG
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • School District Key: 121137599599
  • School District Source: 3rd Party
  • Elementary School: GLADYS NOON SPELLMAN
  • High School: BLADENSBURG

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 221700.00
  • Land Assessed Value: 100100.00
  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5100.00
  • Outdoor Living Structures: Patio(s)
  • Year Assessed: 2019
  • Zoning: R55
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 14663472
  • Tax Annual Amount: 5203.00
  • Assessor Parcel Number: 17020088328
  • Tax Lot: 44
  • Tax Page Number: 261
  • Tax Total Finished Sq Ft: 1196
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2019
  • Close Date: 04/25/2019

MLS Schools

  • School District Name: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2018
Closed on
Apr 28, 2019
Sold by
Brooks Satonya M
Bought by
Li Caixiang and Huang Guanjie
Seller's Agent
Vandra Covington
Keller Williams Preferred Properties
Buyer's Agent
Vandra Covington
Keller Williams Preferred Properties
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%
Current Estimated Value
$459,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,258
Avg. Annual Appreciation
5.53%
Original Mortgage
$210,000
Outstanding Balance
$185,808
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$286,258

Purchase Details

Closed on
Oct 25, 2011
Sold by
Brooks Satonya M and Eggleston Satonya
Bought by
Brooks Satonya M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,893
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 1998
Sold by
Secretary Of H U D
Bought by
Eggleston Satonya

Purchase Details

Closed on
Aug 22, 1997
Sold by
Hainesworth Ernest and Mcne Helena L
Bought by
Secretary Of H U D and Union Center Plaza Phase Ii
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Li Caixiang $325,000 Icon Title Llc
Brooks Satonya M -- None Available
Eggleston Satonya $106,900 --
Secretary Of H U D $111,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Caixiang $210,000
Previous Owner Brooks Satonya M $141,893
Previous Owner Eggleston Satonya M $137,000
Previous Owner Eggleston Satonya M $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2019 04/25/19 Sold $335,000 0.0% $280 / Sq Ft
02/25/2019 02/25/19 Price Changed $335,000 -4.3% $280 / Sq Ft
11/26/2018 11/26/18 For Sale $350,000 -- $293 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $7,363 $370,633 $0 $0
2023 $6,919 $359,600 $100,200 $259,400
2022 $6,471 $347,000 $0 $0
2021 $6,219 $334,400 $0 $0
2020 $6,049 $321,800 $100,100 $221,700
2019 $5,505 $304,633 $0 $0
2018 $5,434 $287,467 $0 $0
2017 $4,996 $270,300 $0 $0
2016 -- $255,300 $0 $0
2015 $3,794 $240,300 $0 $0
2014 $3,794 $225,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDPG101430

Bright MLS

APN: 02-0088328