NOT LISTED FOR SALE

7035 Palamar Terrace Lanham, MD 20706

Estimated Value: $357,018 - $391,000

3 Beds
3.5 Baths
1,212 Sq Ft
$312/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $249,900 $206 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,475/month

4 Days on Market

Highlights

  • Colonial Architecture
  • Space For Rooms
  • Community Pool
  • Traditional Floor Plan
  • 1 Fireplace
  • Eat-In Kitchen

About This Home

As of December 2017

End Unit Townhome in the sought after Woodstream Community. . Home is newly painted, New HVAC and new carpets installed, Hard wood floor, Sep dining and Living Room, 3Bd With 3FBth and half, New kitchen Garnet new SS appliance, Table space in Kit. ,Basement has an extra room , walkout Great location very accessible to public trans., Shopping Center and School

Last Agent to Sell the Property

Genet Lulu

(240) 505-7912 genetlulu5@gmail.com Fairfax Realty Premier License #SP200202332 Listed on: 10/27/2017

Fairfax Realty Premier

Last Buyer's Agent

Andrea McAdams

(301) 467-4356 andrea.mcadams@outlook.com Fairfax Realty Premier License #SP90073

Fairfax Realty Premier

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,929

Year Built

  • Built in 1980

Lot Details

  • 2,186 Sq Ft Lot
  • 1 Common Wall

HOA Fees

  • $75 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • 1 Fireplace
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • 3.5 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Rear Basement Entry
  • Space For Rooms

Parking

  • Parking Space Number Location: 1
  • 1 Assigned Parking Space

Schools

  • Gaywood Elementary School
  • Thomas Johnson Middle School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 180
  • Assessor Parcel Number 17141572171

Community Details

Overview

  • $33 Other Monthly Fees
  • Woodstream Village Plat Subdivision

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,929

Year Built

Built in 1980

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven/Range - Electric, Washer
  • Interior Amenities: Kitchen - Eat-In, Dining Area, Primary Bath(s), Floor Plan - Traditional
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Entry Location: Foyer
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Fully Finished, Heated, Space For Rooms, Walkout Level
  • 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: Combination, Brick
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Other Fees: 98.00
  • Other Fees Frequency: Quarterly

Schools

  • Elementary School: GAYWOOD
  • Middle Or Junior School: THOMAS JOHNSON

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 2186
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2186.00
  • Property Attached Yn: Yes
  • Zoning: RT

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14586695
  • Assessor Parcel Number: 17141572171
  • Tax Lot: 180

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2017
Closed on
Dec 8, 2017
Sold by
Lulu Nigisty
Bought by
Pearson Stacey
Seller's Agent
Genet Lulu
Fairfax Realty Premier
Buyer's Agent
Andrea McAdams
Fairfax Realty Premier
List Price
$249,900
Sold Price
$249,900
Current Estimated Value
$377,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,855
Avg. Annual Appreciation
5.33%
Original Mortgage
$245,373
Interest Rate
3.93%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 9, 2015
Closed on
Oct 14, 2015
Sold by
The Bank Of New York Mellon
Bought by
Lulu Nigisty
Seller's Agent
David Sweeney
RealHome Services and Solutions, Inc.
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$180,200
Sold Price
$149,734
Premium/Discount to List
-$30,466
-16.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.92%
Original Mortgage
$135,000
Interest Rate
3.87%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 27, 2015
Sold by
Ajayi Olugbenga
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Nov 22, 2006
Sold by
Nwankwo Bruno N
Bought by
Ajayi Olugbenga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,200
Interest Rate
6.62%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 31, 2006
Sold by
Nwankwo Bruno N
Bought by
Ajayi Olugbenga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,200
Interest Rate
6.62%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 19, 2000
Sold by
Tuitt Viveca I
Bought by
Nwankwo Bruno N and Nwankwo Lois C

Purchase Details

Closed on
Jan 21, 1993
Sold by
Manard Raymond J and Manard Patricia A
Bought by
Tuitt Viveca I
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pearson Stacey $249,900 Realty Title Svcs Inc
Pearson Stacey $249,900 Realty Title Services Inc
Lulu Nigisty $149,734 Assure Title Llc
The Bank Of New York Mellon $216,000 Attorney
Ajayi Olugbenga $326,000 --
Ajayi Olugbenga $326,000 --
Nwankwo Bruno N $129,000 --
Tuitt Viveca I $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pearson Stacey $245,373
Previous Owner Lulu Nigisty $135,000
Previous Owner Ajayi Olugbenga $65,200
Previous Owner Ajayi Olugbenga $65,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2017 12/15/17 Sold $249,900 0.0% $206 / Sq Ft
10/31/2017 10/31/17 Pending -- -- --
10/27/2017 10/27/17 For Sale $249,900 0.0% $206 / Sq Ft
09/16/2016 09/16/16 Rented $1,750 0.0% --
09/16/2016 09/16/16 Under Contract -- -- --
08/06/2016 08/06/16 For Rent $1,750 +9.4% --
02/26/2016 02/26/16 Rented $1,600 0.0% --
02/26/2016 02/26/16 Under Contract -- -- --
01/22/2016 01/22/16 For Rent $1,600 0.0% --
11/17/2015 11/17/15 Sold $149,734 -0.3% $124 / Sq Ft View Prior Sale
10/16/2015 10/16/15 Pending -- -- --
09/22/2015 09/22/15 Price Changed $150,200 -6.2% $124 / Sq Ft
08/18/2015 08/18/15 Price Changed $160,200 -5.9% $132 / Sq Ft
07/28/2015 07/28/15 Price Changed $170,200 -5.5% $140 / Sq Ft
06/09/2015 06/09/15 For Sale $180,200 -- $149 / 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 $4,929 $322,700 $75,000 $247,700
2024 $4,929 $305,400 $0 $0
2023 $4,671 $288,100 $0 $0
2022 $4,414 $270,800 $75,000 $195,800
2021 $4,166 $254,133 $0 $0
2020 $3,918 $237,467 $0 $0
2019 $3,671 $220,800 $100,000 $120,800
2018 $3,591 $215,433 $0 $0
2017 $3,511 $210,067 $0 $0
2016 -- $204,700 $0 $0
2015 $3,308 $198,333 $0 $0
2014 $3,308 $191,967 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003770025

Bright MLS

APN: 14-1572171