NOT LISTED FOR SALE

8305 Gibbs Way Hyattsville, MD 20785

Summerfield Neighborhood

Estimated Value: $454,000 - $486,000

4 Beds
3 Baths
1,760 Sq Ft
$268/Sq Ft Est. Value

Last Sold January 12, 2024

Last sale price $445,000 $253 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,216/month

About This Home

As of January 2024

Location! Location! Location! Walking distance from Morgan Blvd Metro Station and FedEx Field with easy access to the city. Continently nearby Costco, BJ, Wegmans and many more restaurants and stores . Situated in a well-maintained community. State of the art Gym with a community pool. 2 car garage with a bid drive way that can fit two other cars in addition to 3 parking tags. Elegant Open concept layout making the main level spacious. . The living room has lot of natural light filtering through large windows, creating a warm and welcoming atmosphere. The gourmet kitchen is a true highlight, featuring granite countertops, stainless steel appliances, and ample cabinet space. A breakfast bar provides a casual dining option, while the adjacent dining area is perfect for more formal gatherings. Upstairs, the luxurious primary bedroom suite awaits, boasting a generous layout, plush carpeting, and a walk-in closet. The en-suite bathroom exudes sophistication with its dual vanity, spa-like bathtub, and a separate glass-enclosed shower. Two additional well-appointed bedrooms with ample closet space share a stylishly designed full bathroom on the same level. For added convenience, a laundry area is also located on this floor. The lower level has a large living space with a walk out to the backyard plus an additional bedroom. A half bathroom on this level adds to the convenience. . And for sports enthusiasts, the proximity to FedEx Field ensures you're just moments away from the excitement of game days and events.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2024
Closed on
Jan 12, 2024
Sold by
Myrick Lorenzo I
Bought by
Alizzi Saad
Seller's Agent
Heba Diab
Coldwell Banker Realty
Buyer's Agent
Heba Diab
Coldwell Banker Realty
Sold Price
$3,000
Views
121
Current Estimated Value
$472,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,120
Avg. Annual Appreciation
4.38%
Original Mortgage
$145,000
Outstanding Balance
$143,384
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$327,548

Purchase Details

Listed on
Mar 11, 2013
Closed on
Apr 26, 2013
Sold by
Centex Homes
Bought by
Myrick Lorenzo I
Seller's Agent
Jay Day
LPT Realty, LLC
Buyer's Agent
Sanchez Kannon
Taylor Properties
List Price
$324,289
Sold Price
$322,289
Premium/Discount to List
-$2,000
-0.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.04%
Original Mortgage
$332,924
Interest Rate
3.6%
Mortgage Type
VA

Range of Values:

Collateral Analytics

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ICE

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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
Myrick Lorenzo I $322,289 Dba Pgp Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Myrick Lorenzo Irving $286,700
Closed Myrick Lorenzo I $332,924
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Rented $3,000 0.0% --
02/10/2024 02/10/24 For Rent $3,000 0.0% --
01/12/2024 01/12/24 Sold $445,000 0.0% $253 / Sq Ft
11/25/2023 11/25/23 Pending -- -- --
11/22/2023 11/22/23 Price Changed $444,900 -0.9% $253 / Sq Ft
09/22/2023 09/22/23 Price Changed $449,000 -5.7% $255 / Sq Ft
08/30/2023 08/30/23 For Sale $476,000 0.0% $271 / Sq Ft
08/01/2015 08/01/15 Rented $2,395 -2.2% --
07/19/2015 07/19/15 Under Contract -- -- --
06/11/2015 06/11/15 For Rent $2,450 0.0% --
04/06/2013 04/06/13 Sold $322,289 -0.6% $144 / Sq Ft
03/11/2013 03/11/13 For Sale $324,289 -- $145 / Sq Ft

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 $5,986 $377,400 $0 $0
2023 $5,614 $352,400 $70,000 $282,400
2022 $5,459 $344,867 $0 $0
2021 $5,260 $337,333 $0 $0
2020 $5,191 $329,800 $70,000 $259,800
2019 $5,124 $328,900 $0 $0
2018 $5,028 $328,000 $0 $0
2017 $4,963 $327,100 $0 $0
2016 -- $315,033 $0 $0
2015 $197 $302,967 $0 $0
2014 $197 $290,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Heba Diab

    Seller's Agent in 2024

    Heba Diab

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (571) 344-9580

    1 in this area

    54 Total Sales

    Heba Diab
    Section Image

  • M

    Seller's Agent in 2024

    Mr. Devonne Edwards

    Keller Williams Preferred Properties

    (240) 737-5000

    1 in this area

    10 Total Sales

    Mr. Devonne Edwards
    Section Image

  • S

    Seller's Agent in 2015

    Sanchez Kannon

    Taylor Properties

    (301) 538-7573

    14 Total Sales

    Sanchez Kannon
    Section Image
  • Jay Day

    Seller's Agent in 2013

    Jay Day

    LPT Realty, LLC

    (866) 702-9038

    1,325 Total Sales

    Jay Day
    Section Image
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Map

Maryland Prince George's County Hyattsville 20785 Summerfield

8305 Gibbs Way, Hyattsville, MD

Homes for Sale in Hyattsville, MD

This home is located at 8305 Gibbs Way, Hyattsville, MD 20785 and is currently estimated at $472,120, approximately $268 per square foot. 8305 Gibbs Way is a home located in Prince George's County with nearby schools including Cora L. Rice Elementary School, G. James Gholson Middle School, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.