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$495,000

Beds
5
Baths
3.0
sq ft
1,536

5006 Cheyenne Place, College Park, MD 20740

5006 Cheyenne Place

COLLEGE PARK, MD 20740

  • 78 days on market
*Tenant occupied* Exciting opportunity to own in the heart of College Park, Maryland, this cozy and spacious home boasts five bedrooms and three bathrooms, with ample space for comfortable living and entertaining in the enclosed backyard. Situated in a sought-after neighborhood of Hollywood, this residence offers both charm and functionality, making it an ideal choice for families seeking a blend of suburban tranquility and urban convenience. Upon entering, you'll be greeted by a bright and airy south-facing living room, perfect for relaxation or gathering with loved ones. The main level features 2 bedrooms with a full bath, a country style all brick kitchen with built-in cabinets and master bed and bath adjacent to the kitchen. Ascending to the upper level, you'll find two attic-style bedrooms with an adjoining full bath. The large fully fenced in backyard with a fire pit and hammock are perfect for hosting outdoor gathering with friends and family. Roof was fully redone by previous owners, shed and current owner added sump pump for the backyard drainage. Conveniently located to a park at the end of the street, this home provides access to nearby major commuter routes, public transportation (Greenbelt Metro) as well as the local Mom's Organic grocery and other nearby shopping and dining options. Don't miss out on this fantastic opportunity to own a residence in College Park.

Details

Property type

Single Family Residence

Est. home value

$472,020

Lot size

5,916 sq ft

Price per sq ft

$323

Year built

1952

Annual property taxes

$6,826

HOA

No

Price History

08/22/2024
Bright

Bright #MDPG2123510

Listed
$495,000
+20.73%
05/17/2021
Bright

Bright #MDPG600980

Sold
$410,000
+53.73%
07/31/2019
Bright

Bright #MDPG533858

Sold
$266,700

Schools & Community

Elementary school: 

PAINT BRANCH

Middle school: 

GREENBELT

High school: 

PARKDALE

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

$93,927
Asking price
$495,000
Closing costs (~8% of asking)
-$39,600
Est. remaining loan balance
-$361,473
Cash to seller
$93,927

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

May 2021

Original loan amount

$389,500

Est. remaining balance

$361,473

Interest rate

3.18%

Loan type

New Conventional, 30 year

Seller

Kyle Deutschmann

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: 11/08/2024 at 6:45 AM

Listing updated: 10/17/2024 at 12:34 PM

Listed by: Santiago Noguera, Fairfax Realty of Tysons Phone #: (703) 752-8660

MLS: Bright #MDPG2123510

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