NOT LISTED FOR SALE

2502 Sir Michael Place Lanham, MD 20706

Estimated Value: $740,872 - $839,000

5 Beds
4.5 Baths
2,884 Sq Ft
$275/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $510,000 $177 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,050/month

93 Days on Market

Highlights

  • Colonial Architecture
  • 2 Car Attached Garage
  • 90% Forced Air Heating and Cooling System
  • Community Pool

About This Home

As of April 2019

BEST VALUE! Huge price drop!! Beautiful and Elegant 5bedroom and 4.5bathroom home in Woodmore Towne Center. This home is only 3 years old with grand space for entertainment and hosting. This home offers hardwood flooring, gourmet kitchen, large master bedroom with luxurious spa bath and large walk-in closet. Walking distance to shops and restaurant and easy access to metro and Beltway.

Last Agent to Sell the Property

Mimi Lee

Coldwell Banker Realty Listed on: 12/05/2018

Coldwell Banker Realty

Last Buyer's Agent

Teferi Tilahun

EXP Realty, LLC

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,465

Year Built

  • Built in 2015

Lot Details

  • 5,497 Sq Ft Lot
  • Property is zoned MXT

HOA Fees

  • $68 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Home Design

  • Colonial Architecture

Interior Spaces

  • 2,884 Sq Ft Home
  • Property has 3 Levels
  • Basement

Bedrooms and Bathrooms

Utilities

  • 90% Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 17135540310

Community Details

Overview

  • Woodmore Towne Centre Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,465

Year Built

Built in 2015

Lot Details

0

HOA Fees

$68 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2015
  • Remarks Public: BEST VALUE! Huge price drop!! Beautiful and Elegant 5bedroom and 4.5bathroom home in Woodmore Towne Center. This home is only 3 years old with grand space for entertainment and hosting. This home offers hardwood flooring, gourmet kitchen, large master bedroom with luxurious spa bath and large walk-in closet. Walking distance to shops and restaurant and easy access to metro and Beltway.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 3+
  • Basement: Yes
  • Total Sq Ft: 2884
  • Living Area Sq Ft: 2884
  • Price Per Sq Ft: 176.84
  • Above Grade Finished Sq Ft: 2884
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2502

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 205.42
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
  • School District Key: 121137599599
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 390700.00
  • Land Assessed Value: 70100.00
  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5497.00
  • Year Assessed: 2018
  • Zoning: MXT
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14759845
  • Tax Annual Amount: 8465.00
  • Assessor Parcel Number: 17135540310
  • Tax Lot: 19
  • Tax Total Finished Sq Ft: 2884
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 04/12/2019

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2018
Closed on
Apr 12, 2019
Sold by
Boatright Raymond Donald and Coger Taifa Ayanna
Bought by
Muhammad Zulfiqar
Seller's Agent
Mimi Lee
Coldwell Banker Realty
Buyer's Agent
Teferi Tilahun
EXP Realty, LLC
List Price
$519,000
Sold Price
$510,000
Premium/Discount to List
-$9,000
-1.73%
Total Days on Market
93
Current Estimated Value
$794,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,468
Avg. Annual Appreciation
7.26%
Original Mortgage
$510,000
Outstanding Balance
$453,766
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$330,981

Purchase Details

Closed on
Apr 15, 2015
Sold by
D R Horton Inc
Bought by
Boatright Raymond Donald and Coger Taifa Ayanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,500
Interest Rate
3.76%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Muhammad Zulfiqar $510,000 Stewart Title Maryland Inc
Boatright Raymond Donald $490,068 Stewart Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muhammad Zulfiqar $510,000
Closed Muhammad Zulfiqar $0
Previous Owner Boatright Raymond Donald $343,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2019 04/12/19 Sold $510,000 0.0% $177 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
03/01/2019 03/01/19 Price Changed $510,000 -0.9% $177 / Sq Ft
12/22/2018 12/22/18 Price Changed $514,500 -0.9% $178 / Sq Ft
12/05/2018 12/05/18 For Sale $519,000 -- $180 / 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 $9,187 $546,800 $0 $0
2023 $8,760 $494,100 $100,200 $393,900
2022 $8,580 $483,000 $0 $0
2021 $8,368 $471,900 $0 $0
2020 $8,265 $460,800 $70,100 $390,700
2019 $7,709 $460,800 $70,100 $390,700
2018 $8,007 $460,800 $70,100 $390,700
2017 $7,605 $494,100 $0 $0
2016 -- $465,833 $0 $0
2015 -- $437,567 $0 $0
2014 -- $8,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mimi Lee

    Seller's Agent in 2019

    Mimi Lee

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (571) 268-1593

    17 Total Sales

    Mimi Lee
    Section Image
  • Teferi Tilahun

    Buyer's Agent in 2019

    Teferi Tilahun

    EXP Realty, LLC

    (720) 270-3535

    54 Total Sales

    Teferi Tilahun
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDPG293584

Bright MLS

APN: 13-5540310

Maryland Prince George's County Lanham 20706

2502 Sir Michael Place, Lanham, MD

This home is located at 2502 Sir Michael Place, Lanham, MD 20706 since 05 December 2018 and is currently estimated at $794,468, approximately $275 per square foot. This property was built in 2015. 2502 Sir Michael Place is a home located in Prince George's County with nearby schools including Kingsford Elementary School, Ernest Everett Just Middle, and Charles Herbert Flowers High School.

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