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$560,000

Beds
4
Baths
2.0
sq ft
1,613

7227 16th Avenue, Takoma Park, MD 20912

7227 16th Avenue

TAKOMA PARK, MD 20912

  • 142 days on market
    • Price drop $19,000↓
Welcome to your future home at 7227 16th Ave, Takoma Park, MD! This charming 4 bedrooms, 2 bathrooms house, thoughtfully updated to meet the needs and tastes of today's homeowners, offers ample room for comfort and creativity, updated bathrooms and kitchen, new HVAC, new boiler and so much more to see. Upon entry, you’ll be greeted by freshly painted walls and a warm and inviting living area complete with a cozy fireplace, perfect for chilly evenings. Each bedroom provides all the space you need, ensuring personal comfort for all members of the household. But that's not all! The house also offers a nice family room, ideal for spending time with your family or your guests. Stepping outside, the property features a spacious yard that promises endless opportunities for outdoor activities and gardening. Whether hosting summer barbecues or enjoying a quiet afternoon outdoors, this space is designed to accommodate a variety of outdoor lifestyles. A new concrete driveway for up to 6 cars, ensures private and convenient parking spaces for all your family members, a valuable asset in this bustling area. Meanwhile, the home is ideally situated to give you the best of suburban living with easy access to urban conveniences. Just a short walk away, you'll find the New Grand Mart for all your grocery needs, and efficient community commuting options like West Hyattsville train station and the New Hampshire Ave & Merwood Dr bus station are nearby, ensuring your travels and daily commutes are hassle-free. Whether you're a growing family or looking for a peaceful retreat close to city amenities, this house is poised to become a loving home filled with new memories. Don't miss the opportunity!

Details

Property type

Single Family Residence

Est. home value

$473,382

Lot size

7,710 sq ft

Price per sq ft

$348

Year built

1947

Annual property taxes

$6,336

HOA

No

Price History

08/15/2024
Bright

Bright #MDPG2113144

Price change
$560,000
-3.28%
07/23/2024
Bright

Bright #MDPG2113144

Price change
$579,000
-1.7%
07/01/2024
Bright

Bright #MDPG2113144

Price change
$589,000
-1.67%

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

$176,638
Asking price
$560,000
Closing costs (~8% of asking)
-$44,800
Est. remaining loan balance
-$338,562
Cash to seller
$176,638

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

Seller’s Loan History

Lender

City Lending Inc

Loan start date

April 2021

Original loan amount

$365,750

Est. remaining balance

$338,562

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Felix B Melendez

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: 10/04/2024 at 7:55 PM

Listing updated: 10/01/2024 at 2:46 AM

Listed by: Jaime Alvarez, Samson Properties Phone #: (240) 724-6550

MLS: Bright #MDPG2113144

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