NOT LISTED FOR SALE

7042 Rackham Way Hanover, MD 21076

Estimated Value: $547,094 - $578,000

-- Bed
2 Baths
2,654 Sq Ft
$213/Sq Ft Est. Value

About This Home

This home is located at 7042 Rackham Way, Hanover, MD 21076 and is currently estimated at $564,524, approximately $212 per square foot. 7042 Rackham Way is a home located in Howard County with nearby schools including Hanover Hills Elementary, Thomas Viaduct Middle School, and Long Reach High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2018
Sold by
U S Home Corporation
Bought by
Melvin Tiffany Marie and Melvin Michael Eugene
Current Estimated Value
$564,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,047
Outstanding Balance
$380,039
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$185,647
Source: Public Records

Range of Values:

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.

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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.

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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.

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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.

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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
Melvin Tiffany Marie $446,365 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melvin Tiffany Marie $424,047
Source: Public Records

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 $6,722 $472,000 $0 $0
2023 $6,365 $441,900 $135,000 $306,900
2022 $5,713 $436,300 $0 $0
2021 $4,818 $430,700 $0 $0
2020 $4,541 $425,100 $145,000 $280,100
2019 $6,103 $423,200 $0 $0
2018 $1,295 $115,000 $115,000 $0
Source: Public Records

Map

Maryland Howard County Hanover 21075

7042 Rackham Way, Hanover, MD

This home is located at 7042 Rackham Way, Hanover, MD 21076 and is currently estimated at $564,524, approximately $212 per square foot. 7042 Rackham Way is a home located in Howard County with nearby schools including Hanover Hills Elementary, Thomas Viaduct Middle School, and Long Reach High School.

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