NOT LISTED FOR SALE

7005 Palamar Terrace Lanham, MD 20706

Seabrook Neighborhood

Estimated Value: $361,000 - $432,000

4 Beds
3.5 Baths
1,818 Sq Ft
$222/Sq Ft Est. Value

Last Sold December 05, 2023

Last sale price $400,000 $220 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,659/month

17 Days on Market

Highlights

  • Open Floorplan
  • Upgraded Countertops
  • Tennis Courts
  • Colonial Architecture
  • Community Pool
  • Country Kitchen

About This Home

As of December 2023

Welcome to this beautiful 4-bedroom, 3.5-bathroom home located in the charming neighborhood of Woodstream Village in Lanham, Maryland. This newly renovated property is perfect for families seeking comfort, space, and modern amenities. The main level features a spacious living room, half bathroom and brand-new kitchen with a quartz countertop, and Samsung stainless steel appliances. On the upper level, you will find the primary suite, 2 spacious bedrooms, and 2 luxury porcelain-tiled bathrooms. In the basement, you will find the 4th bedroom and 3rd luxury porcelain-tiled bathroom, along with the laundry and utility room. This house comes equipped with a new HVAC system, a new water heater, beautiful brand-new vinyl floors, and a newly built deck in the backyard. Conveniently located near schools, shopping centers, and commuting routes, this home offers the convenience of living in Lanham with its community atmosphere and easy access to both Washington, D.C., and Baltimore.

Last Agent to Sell the Property

Massiel Perez

Samson Properties Listed on: 10/18/2023

Samson Properties

Co-Listed By

Carl Harper

Samson Properties License #525564

Last Buyer's Agent

Phil Gerdes

Real Broker, LLC - Annapolis License #0225261065

Real Broker, LLC - Annapolis

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,025

Year Built

  • Built in 1980 | Remodeled in 2023

Lot Details

  • 1,742 Sq Ft Lot

HOA Fees

  • $81 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Permanent Foundation
  • Frame Construction

Interior Spaces

  • 1,818 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Combination Dining and Living Room
  • Finished Basement
  • Laundry in Basement

Kitchen

  • Country Kitchen
  • Electric Oven or Range
  • Range Hood
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot

Schools

  • Gaywood Elementary School
  • Thomas Johnson Middle School
  • Duval High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 196
  • Assessor Parcel Number 17141572338
  • $305 Front Foot Fee per year

Community Details

Overview

  • Association fees include pool(s), snow removal, trash
  • Woodstream Village Subdivision

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,025

Year Built

Built in 1980 | Remodeled in 2023

Lot Details

0

HOA Fees

$81 per month

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
  • Expected On Market: 2023-10-18
  • Federal Flood Zone: No
  • Year Built: 1980
  • Year Renovated: 2023
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range - Electric, Range Hood, Refrigerator, Washer
  • Interior Amenities: Kitchen - Country, Combination Dining/Living, Upgraded Countertops, Primary Bath(s), Floor Plan - Open
  • Fireplace: No
  • Foundation Details: Permanent
  • Levels Count: 3
  • Room Count: 4
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Washer In Unit, Dryer In Unit, Basement
  • Total Sq Ft: 1818
  • Living Area Sq Ft: 1818
  • Price Per Sq Ft: 220.02
  • Above Grade Finished Sq Ft: 1818
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7005

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • 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
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Refuse: 18.00
  • 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: 81.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Common Grounds, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Pool(s), Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
  • Elementary School: GAYWOOD
  • Middle School: THOMAS JOHNSON
  • High School: DUVAL
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121137599599
  • School District Source: 3rd Party
  • Elementary School: GAYWOOD
  • High School: DUVAL
  • Middle Or Junior School: THOMAS JOHNSON

Lot Info

  • Land Use Code: TH
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.40
  • Year Assessed: 2023
  • Zoning: RSFA
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4025.00
  • Assessor Parcel Number: 17141572338
  • Tax Lot: 196
  • Tax Total Finished Sq Ft: 1212
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/05/2023

Multi Family

  • Front Foot Fee: 305.41

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Dec 5, 2023
Sold by
Elmaghraby Maher Mohamed and Elmaghraby Mahmoud Maher
Bought by
Arowolo Lawal Adesoye and Arowolo Rebecca Lawal
Seller's Agent
Massiel Perez
Samson Properties
Buyer's Agent
Phil Gerdes
Real Broker, LLC - Annapolis
List Price
$409,999
Sold Price
$400,000
Premium/Discount to List
-$9,999
-2.44%
Views
470
Current Estimated Value
$402,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,697
Avg. Annual Appreciation
0.15%
Original Mortgage
$11,640
Outstanding Balance
$11,502
Interest Rate
7.03%
Estimated Equity
$389,491

Purchase Details

Listed on
Aug 2, 2023
Closed on
Sep 18, 2023
Sold by
Enaruna Eghosa Irene
Bought by
Elmaghraby Maher Mohamed and Elmaghraby Mahmoud Maher
Seller's Agent
Wellington Uzamere
Allison James Estates & Homes
Buyer's Agent
Massiel Perez
Samson Properties
List Price
$399,900
Sold Price
$300,000
Premium/Discount to List
-$99,900
-24.98%
Views
470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
293.50%

Purchase Details

Closed on
Feb 16, 2006
Sold by
Correll Thomas E
Bought by
Anaruna Eghosa I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2006
Sold by
Correll Thomas E
Bought by
Anaruna Eghosa I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 1990
Sold by
Malhotra Ved P
Bought by
Correll Thomas E
Source: Public Records

Range of Values:

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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
Arowolo Lawal Adesoye $400,000 First American Title Insurance
Elmaghraby Maher Mohamed $300,000 Cardinal Title Group
Anaruna Eghosa I $313,000 --
Anaruna Eghosa I $313,000 --
Correll Thomas E $119,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arowolo Lawal Adesoye $11,640
Open Arowolo Lawal Adesoye $388,000
Previous Owner Anaruna Eghosa I $250,400
Previous Owner Anaruna Eghosa I $62,600
Previous Owner Anaruna Eghosa I $250,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2023 12/05/23 Sold $400,000 0.0% $220 / Sq Ft
11/05/2023 11/05/23 Pending -- -- --
10/26/2023 10/26/23 Price Changed $399,999 -2.4% $220 / Sq Ft
10/18/2023 10/18/23 For Sale $409,999 -- $226 / 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 $4,472 $274,633 $0 $0
2023 $4,248 $259,667 $0 $0
2022 $4,026 $244,700 $75,000 $169,700
2021 $3,816 $230,600 $0 $0
2020 $3,607 $216,500 $0 $0
2019 $3,397 $202,400 $100,000 $102,400
2018 $3,380 $201,267 $0 $0
2017 $3,363 $200,133 $0 $0
2016 -- $199,000 $0 $0
2015 $3,218 $192,433 $0 $0
2014 $3,218 $185,867 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Massiel Perez

    Seller's Agent in 2023

    Massiel Perez

    Samson Properties

    (202) 830-4760

    3 in this area

    11 Total Sales

    Section Image
  • Carl Harper

    Seller Co-Listing Agent in 2023

    Carl Harper

    Samson Properties

    (301) 442-7677

    4 in this area

    116 Total Sales

    Section Image
  • Phil Gerdes

    Buyer's Agent in 2023

    Phil Gerdes

    Real Broker, LLC - Annapolis

    (443) 694-7366

    2 in this area

    633 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: MDPG2093848

Bright MLS

APN: 14-1572338

Maryland Prince George's County Lanham 20706 Seabrook

7005 Palamar Terrace, Lanham, MD

This home is located at 7005 Palamar Terrace, Lanham, MD 20706 since 18 October 2023 and is currently estimated at $402,697, approximately $221 per square foot. This property was built in 1980. 7005 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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