NOT LISTED FOR SALE

7016 Palamar Terrace Lanham, MD 20706

Estimated Value: $348,976 - $385,000

3 Beds
3.5 Baths
1,214 Sq Ft
$302/Sq Ft Est. Value

Last Sold March 29, 2021

Last sale price $305,000 $251 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,355/month

1 Day on Market

Highlights

  • Traditional Architecture
  • 60+ Gallon Tank
  • Heat Pump System
  • Central Air

About This Home

As of March 2021

BACK ON THE MARKET WITH PRICE REDUCTION. FINANCING FELL THROUGH.......Kick off the New Year with a new home. Situated in the sought after community of Woodstream Village, this charming, recently upgraded 3 level, 3bedroom, 3.5bath with a full walk out basement and a potential 4th bedroom boasts many of today's desired features such as, recessed lights, high grade laminated wood flooring, granite countertops, stainless steel appliances and backsplash to name a few. Schedule your showing today and make this home yours.

Last Agent to Sell the Property

Emmanuel Garba

(800) 913-4326 realtor@emmanuelgarba.com Taylor Properties Listed on: 12/25/2020

Taylor Properties

Last Buyer's Agent

Lisa Clark

(240) 417-4206 lisaclarkcrg@gmail.com Clark Realty Group, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,557

Year Built

  • Built in 1980

Lot Details

  • 1,550 Sq Ft Lot

HOA Fees

  • $77 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,214 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Sump Pump

Utilities

  • Central Air
  • Heat Pump System
  • 60+ Gallon Tank

Community Details

  • Woodstream Village Plat Subdivision

Listing and Financial Details

  • Tax Lot 157
  • Assessor Parcel Number 17141571942

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,557

Year Built

Built in 1980

Lot Details

0

HOA Fees

$77 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-12-25
  • Year Built: 1980
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished, Outside Entrance, Walkout Level, Sump Pump
  • Total Sq Ft: 1214
  • Living Area Sq Ft: 1214
  • Price Per Sq Ft: 243.00
  • Above Grade Finished Sq Ft: 1214
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 354.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 77.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 165200.00
  • Land Assessed Value: 75000.00
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1550.00
  • Zoning: RT
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14586678
  • Tax Annual Amount: 3557.00
  • Assessor Parcel Number: 17141571942
  • Tax Lot: 157
  • Tax Page Number: 241
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2021

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 25, 2020
Closed on
Mar 29, 2021
Sold by
Oluremi Oluremi Patience Patience
Bought by
Jones Fallon N
Seller's Agent
Emmanuel Garba
Taylor Properties
Buyer's Agent
Lisa Clark
Clark Realty Group, LLC
List Price
$295,000
Sold Price
$305,000
Premium/Discount to List
$10,000
3.39%
Current Estimated Value
$366,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,994
Avg. Annual Appreciation
3.91%
Original Mortgage
$295,850
Outstanding Balance
$266,537
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$100,457

Purchase Details

Listed on
Dec 26, 2016
Closed on
Apr 28, 2017
Sold by
Anoruo Godson and Anoruo Nora
Bought by
Oluremi Oluremi Patience
Seller's Agent
Paulette Brown
Residential Real Estate Corp.
Buyer's Agent
Michael Makinde
Samson Properties
List Price
$255,000
Sold Price
$243,000
Premium/Discount to List
-$12,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$238,598
Interest Rate
3.97%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 2, 2012
Closed on
Dec 17, 2012
Sold by
Agoucha Samuel and Agoucha Sam Vivian U
Bought by
Anoruo Godson and Anoruo Nora
Seller's Agent
Sabinus Chukwu
Fairfax Realty Premier
Buyer's Agent
Sabinus Chukwu
Fairfax Realty Premier
Sold Price
$87,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.86%

Purchase Details

Closed on
Jul 31, 2007
Sold by
Mendez Floyd
Bought by
Aguocha Samuel Etal and Aguoch Vivian U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,500
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2007
Sold by
Mendez Floyd
Bought by
Aguocha Samuel Etal and Aguoch Vivian U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,500
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2002
Sold by
Loschialpo Peter F
Bought by
Mendez Floyd
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jones Fallon N $305,000 Commonwealth Land Ttl Ins Co
Oluremi Oluremi Patience $243,000 Passport Title Serivces Llc
Anoruo Godson $80,000 Realty Title Services Inc
Aguocha Samuel Etal $302,500 --
Aguocha Samuel Etal $302,500 --
Mendez Floyd $154,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Fallon N $295,850
Previous Owner Oluremi Oluremi Patience $238,598
Previous Owner Aguocha Samuel Etal $302,500
Previous Owner Aguocha Samuel Etal $302,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2021 03/29/21 Sold $305,000 +3.4% $251 / Sq Ft
03/01/2021 03/01/21 For Sale $295,000 -3.3% $243 / Sq Ft
02/27/2021 02/27/21 Off Market $305,000 -- --
02/23/2021 02/23/21 Price Changed $295,000 -4.1% $243 / Sq Ft
02/23/2021 02/23/21 For Sale $307,725 0.0% $253 / Sq Ft
12/27/2020 12/27/20 Pending -- -- --
12/25/2020 12/25/20 For Sale $307,725 +26.6% $253 / Sq Ft
02/28/2017 02/28/17 Sold $243,000 0.0% $200 / Sq Ft View Prior Sale
02/24/2017 02/24/17 Pending -- -- --
02/16/2017 02/16/17 Off Market $243,000 -- --
12/26/2016 12/26/16 For Sale $255,000 +192.4% $210 / Sq Ft
12/30/2012 12/30/12 Sold $87,200 -- $72 / Sq Ft View Prior Sale
04/02/2012 04/02/12 Pending -- -- --
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 $4,537 $298,500 $75,000 $223,500
2024 $4,537 $279,067 -- --
2023 $4,248 $259,633 $0 $0
2022 $3,959 $240,200 $75,000 $165,200
2021 $3,758 $226,700 $0 $0
2020 $3,558 $213,200 $0 $0
2019 $2,860 $199,700 $100,000 $99,700
2018 $3,332 $198,567 $0 $0
2017 $3,306 $197,433 $0 $0
2016 -- $196,300 $0 $0
2015 $3,218 $190,633 $0 $0
2014 $3,218 $184,967 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Emmanuel Garba

    Seller's Agent in 2021

    Emmanuel Garba

    Taylor Properties

    (800) 913-4326

    2 in this area

    23 Total Sales

    Emmanuel Garba
    Section Image

  • L

    Buyer's Agent in 2021

    Lisa Clark

    Clark Realty Group, LLC

    (240) 417-4206

    2 in this area

    39 Total Sales

    Lisa Clark
    Section Image

  • P

    Seller's Agent in 2017

    Paulette Brown

    Residential Real Estate Corp.

    (240) 447-3776

    16 Total Sales

    Paulette Brown
    Section Image
  • Michael Makinde

    Buyer's Agent in 2017

    Michael Makinde

    Samson Properties

    (301) 257-7253

    70 Total Sales

    Michael Makinde
    Section Image

  • S

    Seller's Agent in 2012

    Sabinus Chukwu

    Fairfax Realty Premier

See All Agents

Map

Source: Bright MLS

MLS Number: MDPG591786

Bright MLS

APN: 14-1571942

Maryland Prince George's County Lanham 20706

7016 Palamar Terrace, Lanham, MD

Not Listed for Sale

Townhouses

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