tomo logo

$479,900

Beds
4
Baths
2.0
sq ft
1,613

7227 16th Avenue, Takoma Park, MD 20912

7227 16th Avenue

TAKOMA PARK, MD 20912

  • 293 days on market
    • Price drop $20,000↓
    • Open house Mar 09
HUGE PRICE REDUCTION!!! PRICED TO SELL!! This charming 4 bedrooms, 2 bathrooms house is ready for its new owners. With ample room for comfort and creativity. This home features a flurry of recent upgrades; updated bathrooms, kitchen, HVAC, new concrete driveway for up to 3 cars, and much more! Stepping outside, the property features a spacious yard that promises endless opportunities for outdoor activities and gardening. This space is designed to accommodate a variety of outdoor lifestyles. Commuter friendly with bus stations and highways nearby, shopping centers and much more. 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

$298

Year built

1947

Annual property taxes

$6,336

HOA

No

Price History

02/19/2025
Bright

Bright #MDPG2113144

Price change
$479,900
-4%
12/14/2024
Bright

Bright #MDPG2113144

Price change
$499,900
-5.5%
11/12/2024
Bright

Bright #MDPG2113144

Price change
$529,000
-1.86%

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

$106,455
Asking price
$479,900
Closing costs (~8% of asking)
-$38,392
Est. remaining loan balance
-$335,053
Cash to seller
$106,455

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

$335,053

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: 03/03/2025 at 11:25 PM

Listing updated: 03/02/2025 at 6:39 AM

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

MLS: Bright #MDPG2113144

Bright logo

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