NOT LISTED FOR SALE

7315 Olive Branch Way Laurel, MD 20707

Estimated Value: $548,000 - $787,000

1 Bed
2 Baths
950 Sq Ft
$743/Sq Ft Est. Value

Highlights

  • Colonial Architecture
  • Bonus Room
  • Fireplace
  • Clubhouse
  • Tennis Courts
  • Forced Air Heating and Cooling System

About This Home

As of June 2023

BASEMENT RENTAL ONLY!! Enjoy this private 1 bedroom/2 bath basement apartment with a large bonus room with walk in closet apartment, full kitchen, walk out patio and a in-unit private laundry.

Welcome to this cozy 1 bedroom basement suite, perfect for individuals or couples looking for a private and comfortable space to call home. With 950 square feet of living space, this suite offers plenty of room for you to relax and unwind.

The suite also comes with a Bonus/Flex Room that comes with a walk-in closet that can be used as a guest room, office space, storage or whatever you need!

The Kitchen includes, cabinets, a stove, microwave, refrigerator, and a kitchen island with shelving.
The Living Room and Dining room areas are large enough to accommodate large furniture.

The suite has a separate entrance, which means you can come and go as you please without worrying about disturbing the upper house. Additionally, the off-road parking provides a convenient and secure place to park your vehicle.

The suite also includes 2 bathrooms with a shower, sink, and toilet with ample storage space. You'll love the privacy and comfort of having two bathrooms, completely separate from the upper house. The separate laundry room is equipped with a washer and dryer.

Location The Villages at Wellington in Laurel, Maryland, a quiet and well-kept subdivision community close to shopping, BW Parkway, the MARC train.

Rent: 1,500 plus $250 for utilities (Water, Gas, Electric, Trash, Internet)

Last Agent to Rent the Property

Janelle Jordan

(301) 706-0799 janellejjordan@gmail.com Meridian Law and Realty License #5003450 Listed on: 05/28/2023

Last Renter's Agent

Janelle Jordan

(301) 706-0799 janellejjordan@gmail.com Meridian Law and Realty License #5003450 Listed on: 05/28/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,047

Year Built

  • Built in 2008

Lot Details

  • 2,854 Sq Ft Lot
  • Property is in excellent condition
  • Property is zoned RS

Home Design

  • Colonial Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 950 Sq Ft Home
  • Property has 1 Level
  • Fireplace
  • Dining Area
  • Bonus Room
  • Alarm System
  • Stove

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Connecting Stairway
  • Rear Basement Entry

Parking

  • Public Parking
  • On-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,500
  • Requires 1 Month of Rent Paid Up Front
  • Tenant pays for utilities - some
  • No Smoking Allowed
  • 12-Month Min and 60-Month Max Lease Term
  • Available 6/1/23
  • $38 Application Fee
  • Assessor Parcel Number 17103758646

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include pool(s)
  • $250 Other Monthly Fees
  • The Villages At Wellington Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,047

Year Built

Built in 2008

Lot Details

0

Rental Info

  • Date Available: 2023-06-01
  • Application Fee: 38.00
  • Months Rent Up Front: 1.0
  • Pets Allowed: No
  • Security Deposit: 1500.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Utilities - Some
  • Vacation Rental: No
  • Max Lease in Months: 60
  • Min Lease in Months: 12
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Detached
  • Architectural Style: Colonial
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2023-05-28
  • Federal Flood Zone: No
  • Year Built: 2008
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: BASEMENT RENTAL ONLY!! Enjoy this private 1 bedroom/2 bath basement apartment with a large bonus room with walk in closet apartment, full kitchen, walk out patio and a in-unit private laundry. Welcome to this cozy 1 bedroom basement suite, perfect for individuals or couples looking for a private and comfortable space to call home. With 950 square feet of living space, this suite offers plenty of room for you to relax and unwind. The suite also comes with a Bonus/Flex Room that comes with a walk-in closet that can be used as a guest room, office space, storage or whatever you need! The Kitchen includes, cabinets, a stove, microwave, refrigerator, and a kitchen island with shelving. The Living Room and Dining room areas are large enough to accommodate large furniture. The suite has a separate entrance, which means you can come and go as you please without worrying about disturbing the upper house. Additionally, the off-road parking provides a convenient and secure place to park your vehicle. The suite also includes 2 bathrooms with a shower, sink, and toilet with ample storage space. You'll love the privacy and comfort of having two bathrooms, completely separate from the upper house. The separate laundry room is equipped with a washer and dryer. Location The Villages at Wellington in Laurel, Maryland, a quiet and well-kept subdivision community close to shopping, BW Parkway, the MARC train. Rent: 1,500 plus $250 for utilities (Water, Gas, Electric, Trash, Internet)
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Washer, Dryer, Refrigerator, Stove
  • Entry Floor: 1
  • Interior Amenities: Dining Area
  • Fireplace: Yes
  • Foundation Details: Slab
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Bonus Room
  • Basement: Yes
  • Basement Type: Rear Entrance, Outside Entrance, Connecting Stairway, Fully Finished
  • Laundry Type: Has Laundry
  • Total Sq Ft: 950
  • Living Area Sq Ft: 950
  • Below Grade Finished Sq Ft: 950
  • Total Below Grade Sq Ft: 950
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7315

Beds/Baths

  • Bedrooms: 1
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Lower Levels Bathrooms: 2
  • Lower Levels Bathrooms: 2.00
  • Lower Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Combination
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Public
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Electric Alarm
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Pool(s)
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Other Fees: 250.00
  • Other Fees Frequency: Monthly

Schools

  • School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
  • School District Key: 121137599599
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2854.00
  • Property Condition: Excellent, Very Good
  • Zoning: RS

Tax Info

  • Assessor Parcel Number: 14738526
  • Assessor Parcel Number: 17103758646
  • Close Date: 06/20/2023

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2008
Sold by
Nvr Inc
Bought by
Garraway Renee L
Current Estimated Value
$705,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,762
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2008
Sold by
Nvr Inc
Bought by
Garraway Renee L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,762
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Garraway Renee L $497,550 --
Garraway Renee L $497,550 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garraway Renee L $479,762
Closed Garraway Renee L $479,762
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Rented $1,465 0.0% --
06/16/2023 06/16/23 Under Contract -- -- --
06/09/2023 06/09/23 Price Changed $1,465 -2.3% $2 / Sq Ft
05/28/2023 05/28/23 For Rent $1,500 +9.1% --
11/09/2015 11/09/15 Rented $1,375 0.0% --
11/07/2015 11/07/15 Under Contract -- -- --
10/27/2015 10/27/15 For Rent $1,375 -- --
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
2024 $10,047 $582,067 $0 $0
2023 $9,398 $534,033 $0 $0
2022 $8,014 $486,000 $126,900 $359,100
2021 $7,392 $470,467 $0 $0
2020 $16,150 $454,933 $0 $0
2019 $8,608 $439,400 $100,900 $338,500
2018 $7,641 $432,000 $0 $0
2017 $10,390 $424,600 $0 $0
2016 -- $417,200 $0 $0
2015 $6,646 $406,900 $0 $0
2014 $6,646 $396,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Janelle Jordan

    Landlord's Agent in 2023

    Janelle Jordan

    Meridian Law and Realty

    (301) 706-0799

    2 Total Sales

    Janelle Jordan
    Section Image
  • Iheanyichukwu Okeke

    Seller's Agent in 2015

    Iheanyichukwu Okeke

    Samson Properties

    (443) 825-0023

    2 in this area

    90 Total Sales

    Iheanyichukwu Okeke
    Section Image
  • Tressa Ransome

    Buyer's Agent in 2015

    Tressa Ransome

    Ransom Realty, Inc.

    (240) 417-7435

    16 Total Sales

    Tressa Ransome
    Section Image
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Map

Source: Bright MLS

MLS Number: MDPG2079396

Bright MLS

APN: 10-3758646

Maryland Prince George's County Laurel 20707

7315 Olive Branch Way, Laurel, MD

This home is located at 7315 Olive Branch Way, Laurel, MD 20707 since 28 May 2023 and is currently priced at $705,753. This property was built in 2008. 7315 Olive Branch Way is a home located in Prince George's County with nearby schools including Bond Mill Elementary, Martin Luther King Jr. Middle School, and Laurel High School.

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