NOT LISTED FOR SALE

3407 Laurel Ave Cheverly, MD 20785

Estimated Value: $507,233 - $595,000

5 Beds
3 Baths
2,210 Sq Ft
$248/Sq Ft Est. Value

Last Sold May 13, 2020

Last sale price $519,990 $235 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,531/month

6 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Central Heating and Cooling System
  • 1 Fireplace
  • Brick Front

About This Home

As of May 2020

Beautiful house in sought after Cheverly with 3 finished levels. Updated kitchen with granite counter top, Stainless steel appliances. 3 updated full baths, refinished hardwood floors, freshly painted, wet bar in the lower level and So much More.... Close to Cheverly Swim & Racquet Club, Cheverly Metro and Farmers Market. Easy access to downtown DC, Capitol Hill, Hyattsville Art District, UMD as well as the retail of Dakota Crossing (Lowes, Costco, Starbucks), Woodmore Town Center (Wegmans and more) and Landover Road (Aldi, Walgreens). Owner is licensed realtor

Last Agent to Sell the Property

Qin Zheng

(703) 505-5268 qinczheng@gmail.com Fairfax Realty Select Listed on: 04/14/2020

Fairfax Realty Select

Last Buyer's Agent

Rina Kunk

(202) 489-9011 rina.kunk@compass.com Compass License #592883

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,790

Year Built

  • Built in 1938 | Remodeled in 2020

Lot Details

  • 8,027 Sq Ft Lot
  • Property is zoned R55

Parking

  • Driveway

Home Design

  • Cape Cod Architecture
  • Brick Front

Interior Spaces

  • 2,210 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Basement

Bedrooms and Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Cheverly Subdivision

Listing and Financial Details

  • Tax Lot 365
  • Assessor Parcel Number 17020187146

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,790

Year Built

Built in 1938 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1938
  • Year Renovated: 2020
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Levels Count: 3+
  • Basement: Yes
  • Total Sq Ft: 2210
  • Living Area Sq Ft: 2210
  • Price Per Sq Ft: 235.29
  • Above Grade Finished Sq Ft: 2210
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Front
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Refuse: 34.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • 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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8027.00
  • Zoning: R55
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5790.00
  • Assessor Parcel Number: 17020187146
  • Tax Lot: 365
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2020
Closed on
May 12, 2020
Sold by
Rental 888 Homes Llc
Bought by
Farquharson Michael Ian and Farquharson Kaitlin Mary
Seller's Agent
Qin Zheng
Fairfax Realty Select
Buyer's Agent
Rina Kunk
Compass
List Price
$519,990
Sold Price
$519,990
Current Estimated Value
$547,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,568
Avg. Annual Appreciation
0.94%
Original Mortgage
$467,991
Outstanding Balance
$413,796
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$133,762

Purchase Details

Listed on
Nov 22, 2019
Closed on
Dec 5, 2019
Sold by
Finance Of America Reverse Llc
Bought by
Rental 888 Homes Llc
Seller's Agent
Antoine Johnson
Powerhouse Realty, LLC.
Buyer's Agent
Michelle Johnson
Tri-State Realty LLC
List Price
$223,000
Sold Price
$256,000
Premium/Discount to List
$33,000
14.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
463.15%

Purchase Details

Closed on
Jun 20, 2019
Sold by
Patterson Ronald G
Bought by
Finance Of America Reverse Llc

Purchase Details

Closed on
Sep 25, 1992
Sold by
Wax Teena M
Bought by
Patterson Ronald G and Patterson Zohra A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Farquharson Michael Ian $519,990 Realty Title Services Inc
Rental 888 Homes Llc $256,000 Multiple
Finance Of America Reverse Llc $221,000 None Available
Patterson Ronald G $116,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farquharson Michael Ian $467,991
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2020 05/13/20 Sold $519,990 0.0% $235 / Sq Ft
04/14/2020 04/14/20 For Sale $519,990 +103.1% $235 / Sq Ft
12/16/2019 12/16/19 Sold $256,000 +14.8% $193 / Sq Ft View Prior Sale
11/29/2019 11/29/19 Pending -- -- --
11/22/2019 11/22/19 For Sale $223,000 -- $168 / 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
2025 $7,781 $420,467 -- --
2024 $7,781 $397,333 $0 $0
2023 $7,197 $374,200 $100,800 $273,400
2022 $6,756 $363,167 $0 $0
2021 $6,479 $352,133 $0 $0
2020 $6,407 $341,100 $100,400 $240,700
2019 $5,923 $327,800 $0 $0
2018 $1,122 $314,500 $0 $0
2017 $4,317 $301,200 $0 $0
2016 -- $271,267 $0 $0
2015 $4,225 $241,333 $0 $0
2014 $4,225 $211,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDPG565430

Bright MLS

APN: 02-0187146