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$479,900

Beds
4
Baths
3.5
sq ft
1,400

1016 Peconic Place, Upper Marlboro, MD 20774

1016 Peconic Place

UPPER MARLBORO, MD 20774

  • 66 days on market
    • Price drop $45,100↓

Details

Property type

Single Family Residence

Est. home value

$463,083

Lot size

0.25 acres

Price per sq ft

$343

Year built

1982

Annual property taxes

$3,704

HOA

No

Price History

09/11/2024
Bright

Bright #MDPG2120542

Price change
$479,900
-8.59%
07/24/2024
Bright

Bright #MDPG2120542

Listed
$525,000
+45.83%
01/11/2019
Bright

Bright #1002218584

Sold
$360,000
+60%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$122,653
Asking price
$479,900
Closing costs (~8% of asking)
-$38,392
Est. remaining loan balance
-$318,855
Cash to seller
$122,653

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

January 2019

Original loan amount

$353,479

Est. remaining balance

$318,855

Interest rate

4.75%

Loan type

FHA, 30 year

Seller

Mayowa V Akinwande and Folake Olabanji

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/27/2024 at 8:30 PM

Listing updated: 09/26/2024 at 9:56 PM

Listed by: Michael O Makinde, Samson Properties Phone #: (301) 850-0255

MLS: Bright #MDPG2120542

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