NOT LISTED FOR SALE

7000 Palamar Terrace Lanham, MD 20706

Estimated Value: $350,824 - $393,000

3 Beds
3.5 Baths
1,212 Sq Ft
$309/Sq Ft Est. Value

Last Sold July 25, 2016

Last sale price $240,000 $198 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,401/month

6 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Programmable Thermostat
  • Traditional Floor Plan
  • Upgraded Countertops
  • Forced Air Heating and Cooling System

About This Home

As of July 2016

BEAUTIFUL RENOVATION!!! Bring your pickiest buyer. 3 BD 3.5 BA, New Kitchen with soft close cabinets, Granite countertops, SS appliances, new wood floors, new carpet. Fully Finished Basement with rec/lounge area, a Full Bath, and a room/storage, NEW HVAC. Don't miss out!! OPEN HOUSE MAY 30th from 3-5 pm.

Last Agent to Sell the Property

Paul Senior

(240) 475-1138 paul@theseniorteam.com Embassy Real Estate Brokerage Listed on: 05/27/2016

Co-Listed By

Sia Senior

sia@theseniorteam.com Fairfax Realty Premier

Last Buyer's Agent

Ella Murphy

(240) 832-7091 ellamurphy144@gmail.com DMV Realty Group, Inc License #77652

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,356

Year Built

  • Built in 1980 | Remodeled in 2016

Lot Details

  • 2,225 Sq Ft Lot
  • 1 Common Wall
  • Property is in very good condition

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • 1 Assigned Parking Space

Home Design

  • Semi-Detached or Twin Home
  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • 3.5 Bathrooms

Home Security

  • Motion Detectors
  • Monitored

Utilities

  • Forced Air Heating and Cooling System
  • Programmable Thermostat
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 149
  • Assessor Parcel Number 17141571868

Community Details

Overview

  • Woodstream Village Plat Subdivision

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,356

Year Built

Built in 1980 | Remodeled in 2016

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1980
  • Year Renovated: 2016
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Water Heater
  • Interior Amenities: Combination Kitchen/Dining, Upgraded Countertops, Primary Bath(s), Wood Floors, Floor Plan - Traditional
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Fully Finished, Full
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned

Utilities

  • Refuse: 356.32
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Programmable Thermostat
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Electric
  • Security: Motion Detectors, Monitored, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 75.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Improvement Assessed Value: 101800.00
  • Land Assessed Value: 100000.00
  • Lot Size Acres: 0.05
  • Lot Size Area: 2225
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2225.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Zoning: RT

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14654874
  • Tax Annual Amount: 3356.05
  • Assessor Parcel Number: 17141571868
  • Tax Lot: 149
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2016
Closed on
Jul 25, 2016
Sold by
Meredith Global Investments Llc
Bought by
Mohammed Zeyneb B
Seller's Agent
Paul Senior
Embassy Real Estate Brokerage
Buyer's Agent
Ella Murphy
DMV Realty Group, Inc
List Price
$254,900
Sold Price
$240,000
Premium/Discount to List
-$14,900
-5.85%
Current Estimated Value
$374,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,206
Avg. Annual Appreciation
4.85%
Original Mortgage
$228,000
Outstanding Balance
$181,623
Interest Rate
3.43%
Estimated Equity
$192,583

Purchase Details

Listed on
Dec 15, 2015
Closed on
Feb 8, 2016
Sold by
Bank Of New York Mellon
Bought by
Meredith Global Investments Llc
Seller's Agent
Gladwin D'Costa
Maryland REO Realty, LLC
Buyer's Agent
Paul Senior
Embassy Real Estate Brokerage
List Price
$98,800
Sold Price
$135,000
Premium/Discount to List
$36,200
36.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
373.53%
Original Mortgage
$153,400
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 15, 2015
Closed on
Jan 20, 2016
Sold by
Quick Derrick R
Bought by
The Bank Of New York Mellon
Seller's Agent
Gladwin D'Costa
Maryland REO Realty, LLC
Buyer's Agent
Paul Senior
Embassy Real Estate Brokerage
List Price
$98,800
Sold Price
$135,000
Premium/Discount to List
$36,200
36.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,400
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2005
Sold by
Boon David D
Bought by
Quick Derrick R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,100
Interest Rate
5.78%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 29, 1980
Sold by
Artery
Bought by
Boon David D and Boon Ethel L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mohammed Zeyneb B $240,000 The Security Title Guarantee
Meredith Global Investments Llc $135,000 Fidelity Natl Title Ins Co
The Bank Of New York Mellon $133,926 Attorney
Quick Derrick R $290,500 --
Boon David D $67,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quick Derrick R $228,000
Previous Owner Meredith Global Investments Llc $153,400
Previous Owner Quick Derrick R $58,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2016 07/25/16 Sold $240,000 -5.8% $198 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
05/27/2016 05/27/16 For Sale $254,900 +88.8% $210 / Sq Ft
03/11/2016 03/11/16 Sold $135,000 +36.6% $111 / Sq Ft View Prior Sale
01/04/2016 01/04/16 Pending -- -- --
12/15/2015 12/15/15 For Sale $98,800 -- $82 / 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 $4,357 $308,900 $75,000 $233,900
2024 $4,357 $292,567 $0 $0
2023 $4,202 $276,233 $0 $0
2022 $4,065 $259,900 $75,000 $184,900
2021 $3,885 $245,767 $0 $0
2020 $3,794 $231,633 $0 $0
2019 $3,681 $217,500 $100,000 $117,500
2018 $3,593 $212,267 $0 $0
2017 $3,526 $207,033 $0 $0
2016 -- $201,800 $0 $0
2015 $3,304 $195,600 $0 $0
2014 $3,304 $189,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Senior

    Seller's Agent in 2016

    Paul Senior

    Embassy Real Estate Brokerage

    (240) 475-1138

    11 Total Sales

    Paul Senior
    Section Image
  • Gladwin D'Costa

    Seller's Agent in 2016

    Gladwin D'Costa

    Maryland REO Realty, LLC

    (240) 568-4100

    106 Total Sales

    Gladwin D'Costa
    Section Image

  • S

    Seller Co-Listing Agent in 2016

    Sia Senior

    Fairfax Realty Premier

  • E

    Buyer's Agent in 2016

    Ella Murphy

    DMV Realty Group, Inc

    (240) 832-7091

    3 in this area

    34 Total Sales

    Ella Murphy
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001072741

Bright MLS

APN: 14-1571868

Maryland Prince George's County Lanham 20706

7000 Palamar Terrace, Lanham, MD

Not Listed for Sale

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