NOT LISTED FOR SALE

5505 Karen Elaine Dr Unit 1016 New Carrollton, MD 20784

Estimated Value: $113,000 - $126,000

1 Bed
1 Bath
669 Sq Ft
$281/mo HOA Fee

Last Sold August 04, 2023

Last sale price $110,000 $164 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,084/month

58 Days on Market

Highlights

  • Traditional Architecture
  • Central Air
  • Back Up Electric Heat Pump System
  • Community Pool

About This Home

As of August 2023

95% move in ready, 1 bedroom 1 bath second floor unit-- just needs a stove and refrigerator. Laminate floors throughout. Excellent investor opportunity. Low condo fee. Permit parking. Community has a tot lot and outdoor pool. Convenient location close to bus routes, shopping and grocery, 495, D.C.

Last Agent to Sell the Property

GORDON YOUNG JR

Compass Listed on: 05/15/2023

Compass

Last Buyer's Agent

Eli McLean

RE/MAX Realty Centre, Inc. License #5002434

RE/MAX Realty Centre, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,602

Year Built

  • Built in 1964

Lot Details

  • 3,833

HOA Fees

  • $281 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 669 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Parking Lot

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 17202268134

Community Details

Overview

  • Association fees include custodial services maintenance
  • Low-Rise Condominium
  • Frenchmans Creek Condo Assoc Condos
  • Frenchmans Creek Condo Community
  • Frenchmans Creek Subdivision
  • Property Manager

Amenities

  • Common Area

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,602

Year Built

Built in 1964

Lot Details

0

HOA Fees

$281 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1964
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 2
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 669
  • Living Area Sq Ft: 669
  • Price Per Sq Ft: 164.42
  • Above Grade Finished Sq Ft: 669
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5505

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 281.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Frenchmans Creek Condo Assoc
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Custodial Services Maintenance
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: U
  • Year Assessed: 2023
  • Zoning: R18
  • In City Limits: No

Rental Info

  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 1602.00
  • Assessor Parcel Number: 17202268134
  • Tax Total Finished Sq Ft: 669
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/04/2023

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Aug 4, 2023
Sold by
Fcc 7617 Llc
Bought by
7Cw Real Investments Llc
Seller's Agent
GORDON YOUNG JR
Compass
Buyer's Agent
Eli McLean
RE/MAX Realty Centre, Inc.
List Price
$110,000
Sold Price
$110,000
Views
173
Current Estimated Value
$119,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,685
Avg. Annual Appreciation
3.90%
Original Mortgage
$206,250
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2016
Sold by
Unsal Zehra
Bought by
Fcc 7617 Llc

Purchase Details

Closed on
Oct 12, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Unsal Zehra

Purchase Details

Closed on
Sep 29, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Unsal Zehra

Purchase Details

Closed on
Mar 23, 2011
Sold by
Lawal Are Moroof
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 10, 2010
Sold by
Lawal Are Moroof
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 30, 2004
Sold by
Akinfaye Omobolanle
Bought by
Lawa and Unit 1016

Purchase Details

Closed on
Jul 7, 2003
Sold by
Secretary Of H U D
Bought by
Akinfaye Omobolanle and Unit 1016

Purchase Details

Closed on
May 8, 2002
Sold by
Scranage Sharon M
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
7Cw Real Investments Llc $110,000 Assurance Title
Fcc 7617 Llc $30,000 Attorney
Unsal Zehra $24,900 --
Unsal Zehra $24,900 --
Federal Home Loan Mortgage Corporation $60,000 --
Federal Home Loan Mortgage Corporation $60,000 --
Lawa $76,000 --
Akinfaye Omobolanle $44,000 --
Secretary Of H U D $35,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 7Cw Real Estate Investments Ll $206,250
Previous Owner Getinet Yadankush $353,592
Previous Owner Lawal Are Moroof O $30,000
Previous Owner Lawal Are Moroof O $68,000
Previous Owner Akinfaye Omobolanle $50,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $110,000 0.0% $164 / Sq Ft
07/12/2023 07/12/23 Pending -- -- --
06/17/2023 06/17/23 For Sale $110,000 0.0% $164 / Sq Ft
06/12/2023 06/12/23 Off Market $110,000 -- --
05/15/2023 05/15/23 For Sale $110,000 -- $164 / 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 $1,871 $93,667 $0 $0
2023 $1,877 $90,000 $27,000 $63,000
2022 $1,201 $75,333 $0 $0
2021 $1,602 $60,667 $0 $0
2020 $1,046 $46,000 $13,800 $32,200
2019 $836 $42,333 $0 $0
2018 $906 $38,667 $0 $0
2017 $756 $35,000 $0 $0
2016 -- $31,333 $0 $0
2015 $2,106 $27,667 $0 $0
2014 $2,106 $24,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • GORDON YOUNG JR

    Seller's Agent in 2023

    GORDON YOUNG JR

    Compass

    (410) 707-7722

    4 in this area

    106 Total Sales

    GORDON YOUNG JR
    Section Image
  • Eli McLean

    Buyer's Agent in 2023

    Eli McLean

    RE/MAX

    (202) 590-8604

    1 in this area

    58 Total Sales

    Eli McLean
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDPG2078628

Bright MLS

APN: 20-2268134

Maryland Prince George's County New Carrollton 20784

5505 Karen Elaine Dr Unit 1016, New Carrollton, MD

This home is located at 5505 Karen Elaine Dr Unit 1016, New Carrollton, MD 20784 since 15 May 2023 and is currently estimated at $119,685, approximately $178 per square foot. This property was built in 1964. 5505 Karen Elaine Dr Unit 1016 is a home located in Prince George's County with nearby schools including Glenridge Elementary School, Charles Carroll Middle School, and Parkdale High School.

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