NOT LISTED FOR SALE

7050 Palamar Terrace Lanham, MD 20706

Seabrook Neighborhood

Estimated Value: $364,000 - $385,000

-- Bed
3 Baths
1,212 Sq Ft
$310/Sq Ft Est. Value

About This Home

This home is located at 7050 Palamar Terrace, Lanham, MD 20706 and is currently estimated at $376,321, approximately $310 per square foot. 7050 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
Nov 27, 2018
Sold by
Value Plus Realty Llc
Bought by
Gomez Garcia Johnny Josue and Parada De Gomez Ana Ahymee Parada
Current Estimated Value
$376,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,600
Outstanding Balance
$241,597
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$134,835

Purchase Details

Closed on
Apr 5, 2018
Sold by
Wilmington Trust National Association
Bought by
Value Plus Realty Llc

Purchase Details

Closed on
Jun 27, 2017
Sold by
Martinez Carmen Milagro and Martinez Angel E
Bought by
Wilmington Trust Na

Purchase Details

Closed on
Aug 2, 2007
Sold by
James Wesley K
Bought by
Martinez Angel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2007
Sold by
James Wesley K
Bought by
Martinez Angel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 1998
Sold by
Mccombs James T
Bought by
James Wesley K

Purchase Details

Closed on
Jan 2, 1987
Sold by
Towson Charles H
Bought by
Mccombs James T
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
Gomez Garcia Johnny Josue $280,000 Realty Title Services Inc
Value Plus Realty Llc $158,975 Premium Title Services
Wilmington Trust Na $155,730 None Available
Martinez Angel E $280,000 --
Martinez Angel E $280,000 --
James Wesley K $121,000 --
Mccombs James T $93,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Garcia Johnny Josue $271,600
Closed Gomez Garcia Johnny Josue $8,148
Previous Owner Martinez Angel E $280,000
Previous Owner Martinez Angel E $280,000
Previous Owner James Wesley K $276,250
Previous Owner James Wesley K $230,000
Previous Owner James Wesley K $184,000
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 $5,044 $313,167 $0 $0
2023 $4,775 $295,133 $0 $0
2022 $4,507 $277,100 $75,000 $202,100
2021 $4,192 $255,867 $0 $0
2020 $7,752 $234,633 $0 $0
2019 $3,056 $213,400 $100,000 $113,400
2018 $3,485 $208,333 $0 $0
2017 $3,335 $203,267 $0 $0
2016 -- $198,200 $0 $0
2015 $2,085 $192,067 $0 $0
2014 $2,085 $185,933 $0 $0
Source: Public Records

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