NOT LISTED FOR SALE

7002 Palamar Terrace Lanham, MD 20706

Seabrook Neighborhood

Estimated Value: $352,000 - $388,000

3 Beds
4 Baths
1,200 Sq Ft
$313/Sq Ft Est. Value

Last Sold September 21, 2022

Last sale price $350,000 $292 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,514/month

12 Days on Market

Highlights

  • Traditional Architecture
  • Central Air
  • Heat Pump System

About This Home

As of September 2022

NO MORE SHOWINGS!!! MULTIPLE OFFERS IN HAND...The sellers are ready for you to tour their home. Meticulously kept and move-in ready. The sellers have just recently made many updates to the major components of the home such as the roof, HVAC as well a new water heater. The main level along with the upstairs boasts hardwood flooring. The sellers have installed vinyl flooring in the basement. So come and tour worry free and envision yourself in your new home.

Last Agent to Sell the Property

Felecia Cole

Samson Properties License #605609 Listed on: 08/11/2022

Samson Properties

Last Buyer's Agent

Heather Fry

Capital Center License #SP200206145

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,887

Year Built

  • Built in 1980

Lot Details

  • 1,550 Sq Ft Lot

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • Property has 3 Levels
  • Finished Basement
  • Heated Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 150
  • Assessor Parcel Number 17141571876

Community Details

Overview

  • $100 Recreation Fee
  • Woodstream Village Plat Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,887

Year Built

Built in 1980

Lot Details

0

HOA Fees

$79 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2022-08-11
  • Federal Flood Zone: No
  • Year Built: 1980
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Foundation Details: Slab
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished, Heated
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 291.67
  • Above Grade Finished Sq Ft: 1200
  • Below Grade Sq Ft: 600
  • Total Below Grade Sq Ft: 600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7002

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

  • Garage: No
  • Type Of Parking: Off Street

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
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 79.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: 100.00
  • Association Recreation Fee: Yes

Schools

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

Lot Info

  • Land Use Code: TH
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1550.00
  • Year Assessed: 2022
  • Zoning: RSFA
  • In City Limits: No

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3887.00
  • Assessor Parcel Number: 17141571876
  • Tax Lot: 150
  • Tax Total Finished Sq Ft: 1200
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 09/21/2022

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Sep 21, 2022
Sold by
Tucker Devan Danielle and Malawi Emanuel
Bought by
Nneji Adleen Chinma
Seller's Agent
Felecia Cole
Samson Properties
Buyer's Agent
Heather Fry
Capital Center
List Price
$350,000
Sold Price
$350,000
Views
10
Current Estimated Value
$375,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,244
Avg. Annual Appreciation
2.78%
Original Mortgage
$332,500
Outstanding Balance
$320,926
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$57,828

Purchase Details

Closed on
Nov 10, 2010
Sold by
Woodruff Lorie P
Bought by
Tucker Devan D and Tucker Malawi E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,015
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 26, 2006
Sold by
Adesina Abimbola A
Bought by
Oluborode Tito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.48%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 13, 2006
Sold by
Adesina Abimbola A
Bought by
Oluborode Tito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.48%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 20, 2002
Sold by
Braimah Ahmed O
Bought by
Adesina Abimbola A

Purchase Details

Closed on
Jul 31, 1997
Sold by
Harper Mary C
Bought by
Braimah Ahmed O and Abrah Abimbola A
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
Nneji Adleen Chinma $350,000 Advantage Title
Tucker Devan D $214,900 --
Oluborode Tito $320,000 --
Oluborode Tito $320,000 --
Adesina Abimbola A -- --
Braimah Ahmed O $112,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nneji Adleen Chinma $332,500
Previous Owner Tucker Malawi Emanuel $5,000
Previous Owner Tucker Devan D $212,015
Previous Owner Tucker Devan Danielle $5,000
Previous Owner Oluborode Tito $64,000
Previous Owner Oluborode Tito $64,000
Previous Owner Adesina Abimbola A $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2022 09/21/22 Sold $350,000 0.0% $292 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/24/2022 08/24/22 Off Market $350,000 -- --
08/11/2022 08/11/22 For Sale $350,000 -- $292 / 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 $4,569 $281,200 $0 $0
2023 $4,338 $265,700 $0 $0
2022 $4,107 $250,200 $75,000 $175,200
2021 $7,995 $235,400 $0 $0
2020 $3,668 $220,600 $0 $0
2019 $2,947 $205,800 $100,000 $105,800
2018 $3,417 $204,433 $0 $0
2017 $3,387 $203,067 $0 $0
2016 -- $201,700 $0 $0
2015 $3,273 $195,500 $0 $0
2014 $3,273 $189,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Felecia Cole

    Seller's Agent in 2022

    Felecia Cole

    Samson Properties

    (240) 508-6547

    3 in this area

    34 Total Sales

    Section Image
  • Heather Fry

    Buyer's Agent in 2022

    Heather Fry

    Capital Center

    (214) 514-6894

    1 in this area

    106 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: MDPG2049934

Bright MLS

APN: 14-1571876

Maryland Prince George's County Lanham 20706 Seabrook

7002 Palamar Terrace, Lanham, MD

This home is located at 7002 Palamar Terrace, Lanham, MD 20706 since 11 August 2022 and is currently estimated at $375,244, approximately $312 per square foot. This property was built in 1980. 7002 Palamar Terrace is a home located in Prince George's County with nearby schools including Gaywood Elementary School, Thomas Johnson Middle School, and Duval High School.

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