NOT LISTED FOR SALE

Estimated Value: $468,000 - $549,000

3 Beds
4 Baths
1,824 Sq Ft
$273/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $445,000 $244 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,234/month

29 Days on Market

Highlights

  • Open Floorplan
  • Deck
  • Upgraded Countertops
  • Colonial Architecture
  • Recreation Room
  • Stainless Steel Appliances

About This Home

As of February 2022

Buyers only need to qualify for $356,000 to buy this $445,000 home! Yes, you read that right. Seller is providing ZERO INTEREST / ZERO MONTHLY PAYMENT / FORGIVABLE INCREMENTALLY OVER 15 YEARS 2nd trust for up to $89,000. ($356,000 + $89,000 = $445,000). This is not a gimmick, it's a once in a lifetime opportunity to own a $445,000 townhouse for the monthly cost of a $356,000 townhouse. And buyers can use whatever lender they want for the $356,000 first trust.
This beautiful townhouse is only 3 years old! Built in 2018, this home features a wide open living level with gorgeous laminate flooring, a brand new kitchen with all new appliances, a huge island, quartz countertops, a formal dining area, and access to a back deck. The upper level features three bedrooms and two full bathrooms, including a spacious primary suite with a full primary bathroom and a huge walk-in closet. On the lower level, you will find a rec room with access to the new back patio, a half bathroom, and an oversized 1-car garage with lots of storage space. Buyer(s) of this home must be first-time home buyers at or below 80% of the median area income and must complete HIP's homebuyer education program and one-on-one counseling with a HUD-certified counselor prior to settlement. Buyer(s) must qualify for a $356,000 mortgage loan. The seller, Housing Initiative Partnership, will provide an $89,000 2nd Deed of Trust to cover the difference between the contract price and the mortgage loan amount. The 2nd Deed of Trust has 0% interest, no monthly payments, and is 100% forgivable after living in the property for 15 years.

Last Agent to Sell the Property

Michael Cerrito

(301) 908-1039 cerritorealty@verizon.net Cerrito Realty, LLC License #93119 Listed on: 12/09/2021

Co-Listed By

Andrew Cerrito

(301) 938-1592 andrewcerrito@cerritorealty.com Cerrito Realty, LLC License #676255

Last Buyer's Agent

Tommy Sowole

(202) 469-1360 realtor.sowole@gmail.com Delta Exclusive Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,733

Year Built

  • Built in 2018

Lot Details

  • 1,920 Sq Ft Lot

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • 1 Driveway Space
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,824 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Chair Railings
  • Recessed Lighting
  • Living Room
  • Dining Room
  • Recreation Room
  • Carpet
  • Home Security System

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Basement

  • Interior and Rear Basement Entry
  • Garage Access
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Patio

Schools

  • Dodge Park Elementary School
  • Kenmoor Middle School
  • Duval High School

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 17135580656

Community Details

Overview

  • Ridges At Landover Metro Community Association
  • Metro Pointe Subdivision
  • Property Manager

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,733

Year Built

Built in 2018

Lot Details

0

HOA Fees

$90 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2018
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
  • Interior Amenities: Carpet, Chair Railings, Combination Kitchen/Living, Combination Kitchen/Dining, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s)
  • Foundation Details: Slab
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Recreation Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Daylight, Full, Garage Access, Rear Entrance, Interior Access
  • Laundry Type: Upper Floor
  • Total Sq Ft: 1824
  • Living Area Sq Ft: 1824
  • Price Per Sq Ft: 243.97
  • Above Grade Finished Sq Ft: 1824
  • Above Grade Finished Area Units: Square Feet

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
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 1

Utilities

  • Refuse: 354.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector, Carbon Monoxide Detector(s), Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 90.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Name: RIDGES AT LANDOVER METRO COMMUNITY ASSOCIATION
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: DODGE PARK
  • High School: DUVAL
  • Middle Or Junior School: KENMOOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 300500.00
  • Land Assessed Value: 75000.00
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1920.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning: R18
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14762864
  • Tax Annual Amount: 4733.00
  • Assessor Parcel Number: 17135580656
  • Tax Lot: 9
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2021
Closed on
Feb 9, 2022
Sold by
Housing Initiative Partnership Inc
Bought by
Olarinde Kehinde F
Seller's Agent
Michael Cerrito
Cerrito Realty, LLC
Buyer's Agent
Tommy Sowole
Delta Exclusive Realty, LLC
List Price
$445,000
Sold Price
$445,000
Current Estimated Value
$497,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,769
Avg. Annual Appreciation
3.01%
Original Mortgage
$89,000
Outstanding Balance
$83,006
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$414,763

Purchase Details

Listed on
Jul 8, 2021
Closed on
Aug 24, 2021
Sold by
Fannie Mae
Bought by
Housing Initiative Partnership Inc
Seller's Agent
Mike Lavin
Home Source Real Estate Solutions
Buyer's Agent
Mike Lavin
Home Source Real Estate Solutions
List Price
$382,089
Sold Price
$382,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.28%

Purchase Details

Closed on
May 28, 2021
Sold by
Colquitt Marquis R
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 18, 2018
Sold by
Sm Landover Llc
Bought by
Colquitt Marquis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,200
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Olarinde Kehinde F $445,000 Milestone Title
Housing Initiative Partnership Inc $382,089 Milestone Title Llc
Federal National Mortgage Association $375,000 None Available
Colquitt Marquis R $360,000 First Excel Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olarinde Kehinde F $89,000
Open Olarinde Kehinde F $346,382
Previous Owner Colquitt Marquis R $349,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2022 02/11/22 Sold $445,000 0.0% $244 / Sq Ft
01/07/2022 01/07/22 Pending -- -- --
12/09/2021 12/09/21 For Sale $445,000 +16.5% $244 / Sq Ft
08/27/2021 08/27/21 Sold $382,089 0.0% $209 / Sq Ft View Prior Sale
07/12/2021 07/12/21 Off Market $382,089 -- --
07/08/2021 07/08/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $382,089 -- $209 / 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 $6,404 $435,567 -- --
2024 $6,404 $405,533 $0 $0
2023 $4,176 $375,500 $75,000 $300,500
2022 $5,549 $348,067 $0 $0
2021 $7,508 $320,633 $0 $0
2020 $4,734 $293,200 $75,000 $218,200
2019 $4,199 $293,200 $75,000 $218,200
2018 $4,378 $293,200 $75,000 $218,200
2017 $77 $5,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDPG2019956

Bright MLS

APN: 13-5580656