NOT LISTED FOR SALE

7014 Palamar Terrace Lanham, MD 20706

Estimated Value: $331,735 - $389,000

2 Beds
3.5 Baths
1,200 Sq Ft
$307/Sq Ft Est. Value

Last Sold August 31, 2012

Last sale price $167,000 $139 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $2,325/month

13 Days on Market

Highlights

  • Attic
  • Game Room
  • Living Room
  • 1 Fireplace
  • Tennis Courts
  • Laundry Room

About This Home

As of August 2012

Gorgeous 2 bedroom townhouse with 3/1 baths featuring 2 master bedrooms on upper level with possible 3rd room in basement.Recently updated appliances,hvac,hardwood floors in dinning room.So many upgrades to many to list. A must see property.

Last Agent to Sell the Property

Carla Jones

(301) 379-0090 swirl1237@msn.com Trademark Realty, Inc License #602957 Listed on: 05/09/2012

Last Buyer's Agent

Tiajuana Sizemore

(240) 476-8025 justtiajuanas@gmail.com Bennett Realty Solutions License #530106

Bennett Realty Solutions

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,215

Year Built

  • Built in 1980

Lot Details

  • 1,550 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $73 Monthly HOA Fees

Parking

  • 1 Assigned Parking Space

Home Design

  • Shingle Siding
  • Brick Front

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Window Treatments
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Game Room
  • Attic
  • Finished Basement

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Bathroom
  • 3.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 156
  • Assessor Parcel Number 17141571934
  • $305 Front Foot Fee per year

Community Details

Overview

  • Association fees include pool(s)
  • $27 Other Monthly Fees
  • Woodstream Village Subdivision

Amenities

  • Recreation Room

Recreation

  • Tennis Courts

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,215

Year Built

Built in 1980

Lot Details

0

HOA Fees

$73 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1980
  • Special Assessment Payment: Annually
  • Special Features: 12
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Stove, Washer
  • Interior Amenities: Dining Area, Window Treatments, Primary Bath(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Game Room, Foyer, Laundry, Attic
  • Basement: Yes
  • Basement Type: Fully Finished
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • 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 Front, Shingle Siding
  • Construction Completed: 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: 20.94
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 73.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Recreational Center, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Pool(s)
  • HOA: Yes

Fee Information

  • Front Foot Fee Pymt Freq: Annually
  • Other Fees: 81.25
  • Other Fees Frequency: Quarterly

Lot Info

  • Improvement Assessed Value: 79100.00
  • Land Assessed Value: 100000.00
  • Lot Size Acres: 0.04
  • Lot Size Area: 1550
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1550.00
  • Zoning: RT

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14586677
  • Tax Annual Amount: 3215.28
  • Assessor Parcel Number: 17141571934
  • Tax Lot: 156
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011

Multi Family

  • Front Foot Fee: 305.41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2012
Closed on
Aug 31, 2012
Sold by
Abayomi Oluwaseun A
Bought by
Queen Indian L
Seller's Agent
Carla Jones
Trademark Realty, Inc
Buyer's Agent
Tiajuana Sizemore
Bennett Realty Solutions
List Price
$180,000
Sold Price
$167,000
Premium/Discount to List
-$13,000
-7.22%
Current Estimated Value
$368,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,934
Avg. Annual Appreciation
6.09%
Original Mortgage
$163,975
Outstanding Balance
$112,682
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$256,252

Purchase Details

Closed on
Aug 9, 2005
Sold by
Chimb
Bought by
Abayomi Oluwaseun A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2003
Sold by
Chimbanda Clarisse & Danna Labor
Bought by
Chimbanda Clarisse

Purchase Details

Closed on
Apr 10, 2002
Sold by
Clement Patrice
Bought by
Chimbanda Clarisse & Danna Labor

Purchase Details

Closed on
Sep 18, 1997
Sold by
Satterfield Cecil H
Bought by
Clement Patrice
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Queen Indian L $167,000 Sheridan Title Inc
Abayomi Oluwaseun A $275,000 --
Chimbanda Clarisse -- --
Chimbanda Clarisse & Danna Labor $141,500 --
Clement Patrice $119,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Queen Indian L $163,975
Previous Owner Abayomi Oluwaseun A $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2012 08/31/12 Sold $167,000 -7.2% $139 / Sq Ft
05/22/2012 05/22/12 Pending -- -- --
05/09/2012 05/09/12 For Sale $180,000 -- $150 / 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 $4,033 $288,400 $75,000 $213,400
2024 $4,033 $273,500 -- --
2023 $3,892 $258,600 $0 $0
2022 $3,713 $243,700 $75,000 $168,700
2021 $3,543 $229,767 $0 $0
2020 $3,455 $215,833 $0 $0
2019 $3,348 $201,900 $100,000 $101,900
2018 $3,284 $200,700 $0 $0
2017 $3,241 $199,500 $0 $0
2016 -- $198,300 $0 $0
2015 $3,215 $191,900 $0 $0
2014 $3,215 $185,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Carla Jones

    Trademark Realty, Inc

    (301) 379-0090

    23 Total Sales

    Carla Jones
    Section Image
  • Tiajuana Sizemore

    Buyer's Agent in 2012

    Tiajuana Sizemore

    Bennett Realty Solutions

    (240) 476-8025

    19 Total Sales

    Tiajuana Sizemore
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003980060

Bright MLS

APN: 14-1571934

Maryland Prince George's County Lanham 20706

7014 Palamar Terrace, Lanham, MD

Not Listed for Sale

Townhouses

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