7040 Palamar Terrace Lanham, MD 20706
Estimated Value: $343,000 - $366,000
Studio
3
Baths
1,212
Sq Ft
$289/Sq Ft
Est. Value
About This Home
This home is located at 7040 Palamar Terrace, Lanham, MD 20706 and is currently estimated at $350,766, approximately $289 per square foot. 7040 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.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 10, 2022
Sold by
Harris Patricia T
Bought by
Loza Flor De Maria Garcia
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,450
Outstanding Balance
$8,916
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$341,850
Purchase Details
Closed on
Oct 31, 2014
Sold by
Harris Patricia T
Bought by
Harris Patricia T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,600
Interest Rate
4.17%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 14, 1987
Sold by
Massie Steven M
Bought by
Harris Patricia T
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Loza Flor De Maria Garcia | $315,000 | Universal Title | |
| Harris Patricia T | -- | None Available | |
| Harris Patricia T | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Loza Flor De Maria Garcia | $9,450 | |
| Open | Loza Flor De Maria Garcia | $305,550 | |
| Previous Owner | Harris Patricia T | $120,600 |
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 | $4,825 | $315,200 | $75,000 | $240,200 |
| 2024 | $4,825 | $298,400 | -- | -- |
| 2023 | $3,131 | $281,600 | $0 | $0 |
| 2022 | $4,324 | $264,800 | $75,000 | $189,800 |
| 2021 | $3,316 | $249,367 | $0 | $0 |
| 2020 | $6,448 | $233,933 | $0 | $0 |
| 2019 | $3,129 | $218,500 | $100,000 | $118,500 |
| 2018 | $3,013 | $213,233 | $0 | $0 |
| 2017 | $2,943 | $207,967 | $0 | $0 |
| 2016 | -- | $202,700 | $0 | $0 |
| 2015 | $2,880 | $196,233 | $0 | $0 |
| 2014 | $2,880 | $189,767 | $0 | $0 |
Source: Public Records
Map
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