5480 Bishops Place Welcome, MD 20693
Nanjemoy NeighborhoodEstimated Value: $615,416 - $737,000
--
Bed
3
Baths
2,678
Sq Ft
$251/Sq Ft
Est. Value
About This Home
This home is located at 5480 Bishops Place, Welcome, MD 20693 and is currently estimated at $673,354, approximately $251 per square foot. 5480 Bishops Place is a home located in Charles County with nearby schools including Mt. Hope/Nanjemoy Elementary School, General Smallwood Middle School, and Henry E. Lackey High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 29, 2005
Sold by
Shannon Patricia L and Shannon Steven D
Bought by
Larrabee Regina M
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,800
Outstanding Balance
$253,321
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$420,033
Purchase Details
Closed on
Jul 25, 2003
Sold by
O'Gorman John Patricia Shannon
Bought by
Shannon Patricia L and Shannon Steven D
Purchase Details
Closed on
May 11, 2000
Sold by
Valley View Family Ltd Partnership
Bought by
O'Gorman John Patricia Shannon
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Larrabee Regina M | $598,500 | -- | |
| Shannon Patricia L | -- | -- | |
| O'Gorman John Patricia Shannon | $55,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Larrabee Regina M | $478,800 | |
| Closed | Larrabee Regina M | $119,700 | |
| Closed | O'Gorman John Patricia Shannon | -- |
Source: Public Records
Tax History Compared to Growth
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 | $15,060 | $536,100 | $92,800 | $443,300 |
| 2024 | $6,637 | $495,133 | $0 | $0 |
| 2023 | $6,490 | $454,167 | $0 | $0 |
| 2022 | $5,770 | $413,200 | $77,800 | $335,400 |
| 2021 | $5,119 | $390,033 | $0 | $0 |
| 2020 | $5,119 | $366,867 | $0 | $0 |
| 2019 | $4,798 | $343,700 | $77,800 | $265,900 |
| 2018 | $4,713 | $340,467 | $0 | $0 |
| 2017 | $4,662 | $337,233 | $0 | $0 |
| 2016 | -- | $334,000 | $0 | $0 |
| 2015 | $4,403 | $334,000 | $0 | $0 |
| 2014 | $4,403 | $334,000 | $0 | $0 |
Source: Public Records
Map
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