NOT LISTED FOR SALE

7055 Palamar Terrace Lanham, MD 20706

Estimated Value: $345,000 - $400,000

3 Beds
2.5 Baths
1,214 Sq Ft
$302/Sq Ft Est. Value

Sale Details

Date Sold: December 20, 2019

Last sale price $282,000 $232 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,438 / mo

8 Days on Market

Highlights

  • Horses Allowed On Property
  • 1 Fireplace
  • Tennis Courts
  • Colonial Architecture
  • Community Pool
  • Central Air

About This Home

As of December 2019

Well cared for townhome with hardwood floors on the entry level, updated kitchen with stainless steel appliances. Fully finished basement with a fireplace and sliding doors that lead to deck and fenced back yard. Bonus room on the lower level that could be used as an office or extra bedroom. Close to shopping and public transportation.

Last Agent to Sell the Property

Donna Connley

(240) 737-5000 dconnley@kw.com Keller Williams Preferred Properties License #531420 Listed on: 10/21/2019

Keller Williams Preferred Properties

Last Buyer's Agent

Adeyinka Ogunsanya

(301) 202-5150 yinka04@hotmail.com Ultimate Properties, LLC.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,401

Year Built

  • Built in 1980

Lot Details

  • 1,550 Sq Ft Lot
  • Property is in very good condition

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • Off-Site Parking

Home Design

  • Colonial Architecture

Interior Spaces

  • 1,214 Sq Ft Home
  • Property has 2.5 Levels
  • 1 Fireplace
  • Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 170
  • Assessor Parcel Number 17141572072

Community Details

Overview

  • $100 Recreation Fee
  • Association fees include all ground fee, parking fee, snow removal, trash
  • Woodstream Village HOA
  • Woodstream Village Plat Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,401

Year Built

Built in 1980

Lot Details

1,550 Sq Ft Lot

HOA Fees

$75 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: Yes
  • Inclusions: Washer, Dryer, Dishwasher, Stove, Refrigerator, Blinds, Built-in Microwave
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1980
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2.5
  • Basement: Yes
  • Basement Type: Fully Finished, Walkout Level
  • Total Sq Ft: 1214
  • Living Area Sq Ft: 1214
  • Price Per Sq Ft: 230.64
  • Above Grade Finished Sq Ft: 1214
  • 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
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Site

Utilities

  • Refuse: 357.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 75.00
  • 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: All Ground Fee, Parking Fee, Snow Removal, Trash
  • HOA Name: WOODSTREAM VILLAGE HOA
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: 100.00
  • Association Recreation Fee: Yes

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: Yes
  • Improvement Assessed Value: 105100.00
  • Land Assessed Value: 100000.00
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1550.00
  • Property Condition: Very Good
  • Zoning: RT
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14586690
  • Tax Annual Amount: 3401.00
  • Assessor Parcel Number: 17141572072
  • Tax Lot: 170
  • Tax Page Number: 144
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2019
Closed on
Dec 20, 2019
Sold by
Bought by
Seller's Agent
Donna Connley
Keller Williams Preferred Properties
Buyer's Agent
Adeyinka Ogunsanya
Ultimate Properties, LLC.
List Price
$280,000
Sold Price
$282,000
Premium/Discount to List
$2,000
0.71%
Current Estimated Value
$367,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,081
Avg. Annual Appreciation
4.13%
Original Mortgage
$276,892
Outstanding Balance
$244,216
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$122,865

Purchase Details

Closed on
Mar 29, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,590
Interest Rate
3.65%
Mortgage Type
VA

Purchase Details

Closed on
Jul 15, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,040
Interest Rate
4.52%
Mortgage Type
VA

Purchase Details

Closed on
Apr 21, 2009
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,920
Interest Rate
7.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,920
Interest Rate
7.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,400
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 23, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,400
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 24, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$282,000 Awo Title Llc
-- Clientfirst Title Llc
$210,000 Brennan Title Co
$258,300 --
$309,900 --
$309,900 --
$223,000 --
$223,000 --
$104,900 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $276,892
Previous Owner $237,590
Previous Owner $215,040
Previous Owner $247,920
Previous Owner $247,920
Previous Owner $178,400
Previous Owner $178,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/20/2019 12/20/19 Sold $282,000 +0.7% $232 / Sq Ft
11/08/2019 11/08/19 For Sale $280,000 0.0% $231 / Sq Ft
10/29/2019 10/29/19 Pending -- -- --
10/21/2019 10/21/19 For Sale $280,000 -- $231 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,620 $302,400 $75,000 $227,400
2024 $4,620 $284,600 -- --
2023 $4,354 $266,800 $0 $0
2022 $4,090 $249,000 $75,000 $174,000
2021 $3,872 $234,367 $0 $0
2020 $3,655 $219,733 $0 $0
2019 $2,937 $205,100 $100,000 $105,100
2018 $3,330 $203,867 $0 $0
2017 $3,283 $202,633 $0 $0
2016 -- $201,400 $0 $0
2015 $3,285 $195,600 $0 $0
2014 $3,285 $189,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donna Connley

    Seller's Agent in 2019

    Donna Connley

    Keller Williams Preferred Properties

    (301) 526-5931

    1 in this area

    50 Total Sales

    Donna Connley
    Section Image
  • Adeyinka Ogunsanya

    Buyer's Agent in 2019

    Adeyinka Ogunsanya

    Ultimate Properties, LLC.

    (301) 237-7455

    2 in this area

    100 Total Sales

    Adeyinka Ogunsanya
    Section Image
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Map

Source: Bright MLS

MLS Number: MDPG547792

Bright MLS

APN: 14-1572072

Maryland Prince George's County Lanham 20706

7055 Palamar Terrace, Lanham, MD

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