NOT LISTED FOR SALE

7053 Palamar Terrace Lanham, MD 20706

Estimated Value: $356,302 - $386,000

3 Beds
2.5 Baths
1,212 Sq Ft
$307/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $357,500 $295 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,408/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • Galley Kitchen
  • Wood Flooring
  • Tennis Courts
  • Patio

About This Home

As of June 2023

Beautifully remodeled, MOVE-IN READY townhouse with 3 bedrooms, 2 full bath and 1 half bath is fully available - home has recently been updated with NEW kitchen, NEW appliances, NEW Quartz counter top, NEW carpet, NEW HVAC, NEW paint, Updated lower level bathroom. Basement is walk out level with entertainment area, full bathroom, room that can be used as home office, workout room, etc... The yard is fully fenced! Low HOA fee!
The unit is close by schools, shopping and dining + major highways RT295 / RT95/495/ RT193.

Last Agent to Sell the Property

Zsuzsanna Rainey

(410) 533-2943 zsurainey@comcast.net Taylor Properties License #614206 Listed on: 05/19/2023

Taylor Properties

Last Buyer's Agent

Janice Johnson

1stRateJJ@gmail.com 1st RATE Real Estate, Inc. License #318152

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,827

Year Built

  • Built in 1980

Lot Details

  • 1,550 Sq Ft Lot
  • Property is Fully Fenced
  • Wood Fence
  • Property is in excellent condition

HOA Fees

  • $81 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Dining Area

Kitchen

  • Galley Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Exterior Basement Entry

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Tax Lot 171
  • Assessor Parcel Number 17141572080

Community Details

Overview

  • Association fees include common area maintenance, snow removal
  • Woodstream Village HOA
  • Woodstream Village Subdivision
  • Property Manager

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,827

Year Built

Built in 1980

Lot Details

0

HOA Fees

$81 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-05-19
  • Year Built: 1980
  • Assigned Parking Space Numbers: 209
  • Automatically Close On Close Date: No
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Stove, Washer, Dryer, Microwave
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Dining Area, Carpet, Kitchen - Galley
  • Fireplace: No
  • Foundation Details: Slab
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Fully Finished, Walkout Level
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1812
  • Living Area Sq Ft: 1212
  • Price Per Sq Ft: 288.70
  • Above Grade Finished Sq Ft: 1212
  • Below Grade Sq Ft: 600
  • Total Below Grade Sq Ft: 600
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Refuse: 18.74
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 81.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Snow Removal
  • HOA Name: WOODSTREAM VILLAGE
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Unknown

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Fully, Wood
  • Improvement Assessed Value: 106140.00
  • Land Assessed Value: 70000.00
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1550.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Zoning: RT
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14586691
  • Tax Annual Amount: 2827.02
  • Assessor Parcel Number: 17141572080
  • Tax Lot: 171
  • Tax Page Number: 86
  • County Tax Payment Frequency: Annually
  • Tax Year: 2006

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2019
Sold by
Cyprian Emmanuel
Bought by
Lazarre Pierre R and Joly Rose M
Current Estimated Value
$372,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,655
Outstanding Balance
$236,582
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$135,744

Purchase Details

Closed on
Feb 27, 2014
Sold by
Lapido Daniel Akinola
Bought by
Cyprian Emmanuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2013
Sold by
Onianwah Brigitte
Bought by
Ladipo Daniel Akinola

Purchase Details

Closed on
Jul 2, 2001
Sold by
Alhabashi Mouffah
Bought by
Onianwah Brigitte

Purchase Details

Closed on
Nov 9, 1988
Sold by
Wallen Mark E
Bought by
Alhabashi Mouffah and Alhabashi Pasema
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lazarre Pierre R $280,000 Realty Title Services Inc
Cyprian Emmanuel $225,000 Preferred Title & Escrow Inc
Ladipo Daniel Akinola $105,000 Home First Title Group Llc
Onianwah Brigitte $141,500 --
Alhabashi Mouffah $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lazarre Pierre R $270,655
Previous Owner Cyprian Emmanuel $5,000
Previous Owner Cyprian Emmanuel $220,924
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $357,500 +2.2% $295 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $349,900 -- $289 / 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 $4,799 $313,300 $75,000 $238,300
2024 $4,799 $296,667 -- --
2023 $4,551 $280,033 $0 $0
2022 $4,304 $263,400 $75,000 $188,400
2021 $4,087 $248,833 $0 $0
2020 $3,871 $234,267 $0 $0
2019 $3,146 $219,700 $100,000 $119,700
2018 $3,495 $214,333 $0 $0
2017 $3,415 $208,967 $0 $0
2016 -- $203,600 $0 $0
2015 $2,891 $197,067 $0 $0
2014 $2,891 $190,533 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Zsuzsanna Rainey

    Seller's Agent in 2023

    Zsuzsanna Rainey

    Taylor Properties

    (410) 533-2943

    2 in this area

    124 Total Sales

    Zsuzsanna Rainey
    Section Image

  • J

    Buyer's Agent in 2023

    Janice Johnson

    1st RATE Real Estate, Inc.

    (410) 977-6364

    1 in this area

    15 Total Sales

    Janice Johnson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDPG2078692

Bright MLS

APN: 14-1572783

Maryland Prince George's County Lanham 20706

7053 Palamar Terrace, Lanham, MD

Not Listed for Sale

Townhouses

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