NOT LISTED FOR SALE

425 Gorman Ave Laurel, MD 20707

Estimated Value: $399,691 - $443,000

3 Beds
4 Baths
1,812 Sq Ft
$228/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $355,000 $196 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,696/month

Highlights

  • Colonial Architecture
  • No HOA
  • Heat Pump System
  • 1 Fireplace
  • Central Air

About This Home

As of March 2022

Welcome to 425 Gorman Ave in the gorgeous town of Laurel. This beautiful and fully renovated townhome comes with tons of natural light, you will love living in this newly updated gem of a home! Plenty of upgrades (in last 1-2 years) include: Brand New roof; Fresh paint for the whole house; Fully renovated Kitchen with Granite Countertop and New appliances- New stove, New microware, new dishwasher; New and Fully Remodeled baths; New washer & dryer; New Luxury vinyl floor and new carpet; 2016 HVAC! NO HOA, TWO assigned parking! This house even offers a huge fenced backyard as the place to unwind, entertain or just barbecue. A multitude of shopping and dining options are located just minutes away! Too much to list! It's a MUST SEE!

Last Agent to Sell the Property

Rick Tian

(301) 659-6184 ricktian@cpa.com Signature Home Realty LLC Listed on: 03/10/2022

Signature Home Realty LLC

Last Buyer's Agent

Carol Tinnin

(410) 808-1838 ctinnin2003@yahoo.com RE/MAX Leading Edge License #95095

RE/MAX Leading Edge

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,626

Year Built

  • Built in 1982

Lot Details

  • 2,963 Sq Ft Lot

Home Design

  • Colonial Architecture
  • Combination Foundation
  • Frame Construction

Interior Spaces

  • Property has 4 Levels
  • 1 Fireplace
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • Off-Street Parking
  • 2 Assigned Parking Spaces

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Laurel Subdivision

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 17101018423

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,626

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1982
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 425 Gorman Ave in the gorgeous town of Laurel. This beautiful and fully renovated townhome comes with tons of natural light, you will love living in this newly updated gem of a home! Plenty of upgrades (in last 1-2 years) include: Brand New roof; Fresh paint for the whole house; Fully renovated Kitchen with Granite Countertop and New appliances- New stove, New microware, new dishwasher; New and Fully Remodeled baths; New washer & dryer; New Luxury vinyl floor and new carpet; 2016 HVAC! NO HOA, TWO assigned parking! This house even offers a huge fenced backyard as the place to unwind, entertain or just barbecue. A multitude of shopping and dining options are located just minutes away! Too much to list! It's a MUST SEE!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplaces Count: 1
  • Foundation Details: Other
  • Levels Count: 4
  • Basement: Yes
  • Basement Type: Combination
  • Total Sq Ft: 1938
  • Living Area Sq Ft: 1812
  • Price Per Sq Ft: 270.90
  • Above Grade Finished Sq Ft: 1292
  • Below Grade Finished Sq Ft: 520
  • Below Grade Sq Ft: 126
  • Total Below Grade Sq Ft: 646
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 425

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot, Off Street
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • 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: 241900.00
  • Land Assessed Value: 75000.00
  • Land Use Code: TH
  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2963.00
  • Year Assessed: 2021
  • Zoning: LAUR
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14545291
  • Tax Annual Amount: 5626.00
  • Assessor Parcel Number: 17101018423
  • Tax Lot: 9
  • Tax Page Number: 621
  • Tax Total Finished Sq Ft: 1292
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 03/31/2022

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
Mar 29, 2022
Sold by
Xi Chung Chen
Bought by
Nannetti Robert and Heffernan Aline
Seller's Agent
Rick Tian
Signature Home Realty LLC
Buyer's Agent
Carol Tinnin
RE/MAX Leading Edge
List Price
$349,999
Sold Price
$355,000
Premium/Discount to List
$5,001
1.43%
Current Estimated Value
$412,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,673
Avg. Annual Appreciation
4.41%
Original Mortgage
$337,250
Outstanding Balance
$319,652
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$93,021

Purchase Details

Closed on
Dec 16, 2021
Sold by
Ming Chung Wai
Bought by
Chung Wai Ming and Chung Chen Xi

Purchase Details

Closed on
Sep 12, 2014
Sold by
Chung Wok Shing and Chung Sau Lin
Bought by
Chung Kwok Shing and Chung Sau Lin

Purchase Details

Closed on
Jan 9, 1989
Sold by
Humbert Richard F
Bought by
Chung Wai M and Chung Sau L
Source: Public Records

Range of Values:

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Average Value
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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
Nannetti Robert $355,000 Eagle Title
Chung Wai Ming -- Law Offices
Chung Kwok Shing -- None Available
Chung Wai M $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nannetti Robert $337,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $355,000 +1.4% $196 / Sq Ft
03/10/2022 03/10/22 For Sale $349,999 0.0% $193 / Sq Ft
12/11/2013 12/11/13 Rented $1,700 0.0% --
11/07/2013 11/07/13 Under Contract -- -- --
08/19/2013 08/19/13 For Rent $1,700 0.0% --
07/25/2012 07/25/12 Rented $1,700 -5.3% --
07/25/2012 07/25/12 Under Contract -- -- --
05/04/2012 05/04/12 For Rent $1,795 -- --
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 $6,111 $329,300 $0 $0
2023 $5,895 $319,500 $0 $0
2022 $5,664 $309,700 $100,000 $209,700
2021 $5,627 $309,700 $100,000 $209,700
2020 $5,624 $309,700 $100,000 $209,700
2019 $6,208 $316,900 $75,000 $241,900
2018 $5,219 $286,367 $0 $0
2017 $4,154 $255,833 $0 $0
2016 -- $225,300 $0 $0
2015 $4,167 $221,400 $0 $0
2014 $4,167 $217,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDPG2034876

Bright MLS

APN: 10-1018423