J
Seller's Agent in 2025
Jitendra Motwani
Valu
(301) 529-5077
1 in this area
38 Total Sales
7048 Palamar Turn Lanham, MD 20706
3
Beds
2.5
Baths
1,867
Sq Ft
$84/mo
HOA Fee
Highlights
- Colonial Architecture
- More Than Two Accessible Exits
- Property is in excellent condition
- Den
- Central Heating and Cooling System
- Walk-Up Access
About This Home
As of April 2025Welcome to 7048 Palamar Turn! If you're looking for a turnkey home with modern upgrades in a prime location for commuters and travelers, this is the one for you!Home Features:This beautifully renovated 3-bedroom, 2.5-bathroom home offers a contemporary design with thoughtful updates throughout. The lower level includes a versatile den space and an open floor plan with a convenient walkout to the backyard. Your **fenced-in outdoor space is perfect for entertaining or creating your own garden retreat. Recent Upgrades:What sets this home apart? A full renovation with high-quality finishes, including: Freshly painted walls for a clean, modern look Brand new luxury vinyl plank flooring** throughout the entire home New lighting in all rooms** for a bright and inviting feel Completely renovated kitchen** for ambitious chefs Modernized bathrooms** with stylish upgrades New HVAC system** for year-round comfort New sump pump** for added peace of mind Brand new windows and doors… and much more! Community & Location:Nestled in the Woodstream Village community, this neighborhood is calm, walkable, and close to essential amenities. Enjoy easy access to multiple grocery stores and various commuting routes. Plus, the New Carrollton train station is just 10 minutes away, making travel a breeze. Schedule Your Showing Today! For appointments, please contact the co-listing agentThis home won’t last long—come see it for yourself!
Last Agent to Sell the Property
(301) 529-5077 motwanij@yahoo.com Valu License #5604 Listed on: 03/22/2025
Co-Listed By
(443) 824-2510 waseem.pharoan@gmail.com Real Broker, LLC License #0225244718
Last Buyer's Agent
(240) 755-7137 mmontaz10@gmail.com Keller Williams Realty Centre License #SP200205907
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $3,920
Year Built
- Built in 1981
Lot Details
- 1,550 Sq Ft Lot
- Property is in excellent condition
HOA Fees
- $84 Monthly HOA Fees
Home Design
- Colonial Architecture
- Slab Foundation
- Frame Construction
Interior Spaces
- Property has 3 Levels
- Den
- Basement
- Walk-Up Access
- Laundry on lower level
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- On-Street Parking
- 1 Assigned Parking Space
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- No Septic System
Listing and Financial Details
- Tax Lot 222
- Assessor Parcel Number 17141572601
Community Details
Overview
- Woodstream Village Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 22, 2025
Closed on
Apr 22, 2025
Sold by
Valu Llc
Bought by
Walker-Humphries Kevia Patrice
Seller's Agent
Jitendra Motwani
Valu
Buyer's Agent
Montaz McCray
Keller Williams Realty Centre
List Price
$399,000
Sold Price
$392,000
Premium/Discount to List
-$7,000
-1.75%
Views
73
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,595
Avg. Annual Appreciation
12.95%
Original Mortgage
$15,211
Outstanding Balance
$15,143
Interest Rate
6.65%
Estimated Equity
$400,452
Purchase Details
Closed on
Dec 16, 2024
Sold by
Ward Carrie M and Bierman Howard N
Bought by
Valu Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
6.69%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 24, 2007
Sold by
T Linda
Bought by
Tucker Linda G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.29%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Dec 18, 2006
Sold by
T Linda
Bought by
Tucker Linda G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.29%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
May 3, 1994
Sold by
Mccoy Kevin
Bought by
Banks Linda T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,918
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 24, 1982
Sold by
Artery
Bought by
Mccoy Kevin and Mccoy Alma
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $392,000 | Stewart Title | |
| Deed | $392,000 | Stewart Title | |
| Deed | $284,000 | Village Settlements | |
| Deed | $284,000 | Village Settlements | |
| Deed | $284,000 | Village Settlements | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $110,000 | -- | |
| Deed | $69,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $15,211 | No Value Available | |
| Closed | $15,211 | No Value Available | |
| Open | $380,290 | FHA | |
| Closed | $380,290 | FHA | |
| Previous Owner | $213,000 | New Conventional | |
| Previous Owner | $216,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $216,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $109,918 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | Sold | $392,000 | -1.8% | $210 / Sq Ft |
| 03/22/2025 03/22/25 | For Sale | $399,000 | -- | $214 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $3,976 | $278,000 | $75,000 | $203,000 |
| 2024 | $3,976 | $263,833 | $0 | $0 |
| 2023 | $2,776 | $249,667 | $0 | $0 |
| 2022 | $3,664 | $235,500 | $75,000 | $160,500 |
| 2021 | $3,500 | $222,633 | $0 | $0 |
| 2020 | $3,417 | $209,767 | $0 | $0 |
| 2019 | $2,820 | $196,900 | $100,000 | $96,900 |
| 2018 | $3,290 | $195,767 | $0 | $0 |
| 2017 | $3,265 | $194,633 | $0 | $0 |
| 2016 | -- | $193,500 | $0 | $0 |
| 2015 | $2,752 | $187,267 | $0 | $0 |
| 2014 | $2,752 | $181,033 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jitendra Motwani
-
Waseem Pharoan
Seller Co-Listing Agent in 2025
Waseem Pharoan
Real Broker, LLC
(443) 824-2510
1 in this area
23 Total Sales
-
Montaz McCray
Buyer's Agent in 2025
Montaz McCray
Keller Williams Realty Centre
(240) 755-7137
1 in this area
252 Total Sales
Map
Source: Bright MLS
MLS Number: MDPG2145398
APN: 14-1572601
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