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$219,050

Beds
2
Baths
1.0
sq ft
672

8006 51st Avenue, College Park, MD 20740

8006 51st Avenue

COLLEGE PARK, MD 20740

  • <1 day on market
THIS IS A POTENTIAL SALES PRICE. THE ACTUAL SALES PRICE WILL BE CALCULATED BASED ON BUYER’S INCOME. Please review attached documents prior to scheduling an appointment through ShowingTime! This property is owned by the College Park Community Preservation Affordable Housing Land Trust, LLC. The actual sales price will be strategically calculated to match the buyer's budget, and the Trust works exclusively with purchasers who earn up to 120% percent of Median Family Income. Purchasers must be owner occupants and will be required to complete a homeownership class. Given the complexity of the program, we will provide referrals to lenders and title companies who we have worked with previously that understand the nuances of the land trust. Due to the internal processes and structure of the Trust, application response times are limited to business days/hours and may take multiple days. See attached documents and contact the listing agent for any questions. The main level includes an eat-in kitchen, a laundry room, and a sizable living room. The kitchen features a new countertop, new range/oven, new range hood/fan, and refinished cabinets, The two bedrooms have just been renovated with new flooring, drywall, closets, and the bathroom has new tile and vanity.

Details

Property type

Single Family Residence

Est. home value

$334,763

Lot size

9,680 sq ft

Price per sq ft

$326

Year built

1951

Annual property taxes

$4,218

HOA

No

Price History

10/09/2024
Bright

Bright #MDPG2128364

Listed
$219,050
-35%
04/04/2024
Bright

Bright #MDPG2105224

Sold
$337,000
+10.49%
04/16/2021
Bright

Bright #MDPG599822

Sold
$305,000

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

-$18,455
Asking price
$219,050
Closing costs (~8% of asking)
-$17,524
Est. remaining loan balance
-$219,981
Cash to seller
-$18,455

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

Seller’s Loan History

Lender

Lakeview Community Capital Llc

Loan start date

April 2021

Original loan amount

$242,205

Est. remaining balance

$219,981

Interest rate

2.97%

Loan type

FHA, 26 year

Seller

Nasrin Habibi Sisk and Marcus William Sisk Jr

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: 10/09/2024 at 6:15 PM

Listing updated: 10/09/2024 at 1:16 PM

Listed by: Kimberly A Lally, EXP Realty, LLC Phone #: (888) 860-7369

MLS: Bright #MDPG2128364

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