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$642,592Estimated home value

Beds
2
Baths
2.0
sq ft
1,317

1107 Lancaster Rd, Takoma Park, MD 20912

1107 Lancaster Rd

TAKOMA PARK, MD 20912

  • Sold On 8/10/2024
    • Price drop $25,000↓
FULL HOUSE PHOTOS WILL BE IN BY MONDAY! Charming Colonial in Takoma Park, situated on a quiet street surrounded by mature trees and close to Becca Lilly Park and Sligo Creek Trails. This home boasts beautiful hardwood floors and numerous original details that add character. The well-designed floor plan includes a foyer/mudroom, spacious living room, dining room, and a sun room with exposed brick. The renovated kitchen features brand new stainless steel appliances, quartz counter tops, and a subway tile back splash. Gorgeous hardwood cabinets with custom hardware make this jewel box kitchen perfect for preparing delicious meals. The second floor offers two large bedrooms and a full bath with original tile in excellent condition. The lower level provides flexible space for a bedroom, office, recreation, or any other need, complete with a renovated full bath featuring custom shower tile. The lower level is fully waterproofed with a lifetime warranty. The expansive rear yard offers plenty of space for gardening. Conveniently located just blocks from the future Purple Line, shops, and restaurants, with a quick bus ride to Takoma Metro and all that Old Town Takoma has to offer.

Details

Property type

Single Family Residence

Est. home value

$642,592

Lot size

5,199 sq ft

Price per sq ft

$475

Year built

1940

Annual property taxes

$7,952

HOA

No

Price History

08/09/2024
Bright

Bright #MDMC2134478

Sold
$599,000
-4.16%
07/15/2024
Bright

Bright #MDMC2134478

Pending
$625,000
07/01/2024
Bright

Bright #MDMC2134478

Price change
$625,000
-3.85%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

MONTGOMERY 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

$218,541
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$356,459
Cash to seller
$218,541

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

Seller’s Loan History

Lender

First Home Mortgage Corp

Loan start date

April 2020

Original loan amount

$393,000

Est. remaining balance

$356,459

Interest rate

3.29%

Loan type

New Conventional, 30 year

Seller

Meera Rathinasamy and Nicholas Emmanuel Mantzaris

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: Off Market

Tomo last checked: 10/04/2024 at 8:05 PM

Listing updated: 08/10/2024 at 12:07 PM

Listed by: Rhonda L Mortensen, Compass Phone #: (301) 304-8444

MLS: Bright #MDMC2134478

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