NOT LISTED FOR SALE

7059 Palamar Terrace Lanham, MD 20706

Estimated Value: $365,000 - $389,000

4 Beds
3.5 Baths
1,812 Sq Ft
$209/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $405,000 $224 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,484/month

15 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Stainless Steel Appliances
  • Attic
  • Community Pool
  • Eat-In Kitchen

About This Home

As of May 2024

Welcome to this beautiful end unit, 4-bedroom, 3.5-bathroom home located in the Woodstream Village in Lanham, Maryland. This beautifully renovatedl property features a spacious living room, half bathroom and brand-new kitchen cabinets with modern quartz countertop, and stainless steel appliances in the main level.
On the upper level, you will find 3 spacious bedrooms, and 2 renovated full bathrooms.

The lower level has a fully finished basement with beautiful porcelain tiles. The 4th room can be a bedroom or an office. Gorgeous fireplace and recessed light in the basement. This house has brand-new roof and gutter installed. Enjoy the sunshine with the spacious deck surrounding the entire main level and a spacious porch in the lower level. The property is very Conveniently located near schools, malls, shopping centers, and commuting routes. this home is very close to NASA and has an easy access to all major airports, highways, Washington, D.C., and Baltimore.
My contractor is currently working on cleaning and painting the deck.
Also washer and dryer will be installed.
Home warranty of the buyer choice is included up to $600 .
Buyers, please check with your lenders for programs assistance eligibility that you may be eligible for.

Last Agent to Sell the Property

Layla Aly

(301) 256-4701 layla@ameir.net Bennett Realty Solutions License #630733 Listed on: 04/13/2024

Bennett Realty Solutions

Last Buyer's Agent

Kadjologo Coulibaly

(202) 492-4045 cassey.coul@gmail.com Maison RZK

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,186

Year Built

  • Built in 1980

Lot Details

  • 2,199

HOA Fees

  • $81 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • Recessed Lighting
  • 1 Fireplace
  • Double Hung Windows
  • Dining Area
  • Washer and Dryer Hookup
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

Finished Basement

  • Walk-Out Basement
  • Rear Basement Entry
  • Laundry in Basement
  • Natural lighting in basement

Parking

  • 2 Parking Spaces
  • Free Parking
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Public Septic

Additional Features

  • Energy-Efficient Windows
  • 2,199 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 168
  • Assessor Parcel Number 17141572056

Community Details

Overview

  • Woodstream Village Plat O Subdivision

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,186

Year Built

Built in 1980

Lot Details

0

HOA Fees

$81 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 4/13/2024 12:00:00 AM
  • Year Built: 1980
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Stainless Steel Appliances, Refrigerator
  • Flooring Type: Ceramic Tile, Fully Carpeted, Vinyl
  • Interior Amenities: Kitchen - Eat-In, Carpet, Dining Area, Recessed Lighting, Attic
  • Window Features: Energy Efficient, Double Hung
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Daylight, Full, Fully Finished, Outside Entrance, Rear Entrance, Walkout Level
  • Basement Finished Percent: 100.00
  • Laundry Type: Basement, Hookup
  • Total Sq Ft: 1812
  • Living Area Sq Ft: 1812
  • Price Per Sq Ft: 330.03
  • Above Grade Finished Sq Ft: 1212
  • Below Grade Finished Sq Ft: 600
  • Total Below Grade Sq Ft: 600
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • 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
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Free
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Site, Off Street
  • Off Site Number Of Spaces: 2

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 81.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2199.00
  • Zoning: RSFA
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3186.00
  • Assessor Parcel Number: 17141572056
  • Tax Lot: 168
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2024
Closed on
May 30, 2024
Sold by
Aly Layla
Bought by
Kone Zakaria and Berthe Binta
Seller's Agent
Layla Aly
Bennett Realty Solutions
Buyer's Agent
Kadjologo Coulibaly
Maison RZK
List Price
$400,000
Sold Price
$405,000
Premium/Discount to List
$5,000
1.25%
Views
154
Current Estimated Value
$378,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,405
Avg. Annual Appreciation
-4.37%
Original Mortgage
$397,664
Outstanding Balance
$392,439
Interest Rate
7.22%
Mortgage Type
FHA
Estimated Equity
-$13,844

Purchase Details

Listed on
Sep 13, 2023
Closed on
Oct 18, 2023
Sold by
Cwabs Inc
Bought by
Aly Layla
Seller's Agent
Taiwo Shodiya
Vylla Home
Buyer's Agent
Novera King
Samson Properties
List Price
$335,000
Sold Price
$265,000
Premium/Discount to List
-$70,000
-20.9%
Views
151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
107.78%

Purchase Details

Closed on
Aug 16, 2023
Sold by
Clarke James E
Bought by
Citibank Na and Cwabs Inc

Purchase Details

Closed on
Apr 2, 2004
Sold by
Moore Aurora F
Bought by
Ndjee Cecile F and Ndjee Joseph

Purchase Details

Closed on
Mar 12, 2004
Sold by
Moore Aurora F
Bought by
Ndjee Cecile F and Ndjee Joseph

Purchase Details

Closed on
Oct 23, 2002
Sold by
Draper Laura A
Bought by
Moore Aurora F

Purchase Details

Closed on
Jul 31, 1997
Sold by
Carter Shawne M
Bought by
Draper Laura A and Moore Aurora F

Purchase Details

Closed on
Jun 29, 1994
Sold by
Guye Robert E
Bought by
Carter Shawne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,920
Interest Rate
8.55%
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

Date Buyer Sale Price Title Company
Kone Zakaria $405,000 Household Title
Kone Zakaria $405,000 Household Title
Aly Layla $278,250 Title365
Aly Layla $278,250 Title365
Citibank Na $414,804 None Listed On Document
Ndjee Cecile F $198,000 --
Ndjee Cecile F $198,000 --
Moore Aurora F -- --
Draper Laura A $129,900 --
Carter Shawne M $126,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kone Zakaria $397,664
Closed Kone Zakaria $397,664
Previous Owner Carter Shawne M $125,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2024 05/30/24 Sold $405,000 +1.3% $224 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/13/2024 04/13/24 For Sale $400,000 +50.9% $221 / Sq Ft
10/31/2023 10/31/23 Sold $265,000 -20.9% $219 / Sq Ft View Prior Sale
10/10/2023 10/10/23 Pending -- -- --
09/13/2023 09/13/23 For Sale $335,000 -- $276 / 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 $4,903 $320,800 $75,000 $245,800
2024 $4,903 $303,633 $0 $0
2023 $3,186 $286,467 $0 $0
2022 $4,391 $269,300 $75,000 $194,300
2021 $4,164 $254,033 $0 $0
2020 $3,938 $238,767 $0 $0
2019 $3,711 $223,500 $100,000 $123,500
2018 $3,628 $217,967 $0 $0
2017 $3,546 $212,433 $0 $0
2016 -- $206,900 $0 $0
2015 $2,949 $200,767 $0 $0
2014 $2,949 $194,633 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDPG2108372

Bright MLS

APN: 14-1572056