123 Madison Street

123 Madison Street in La Plata, MD was first built in 2004 and is 20 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 123 Madison Street has 1,021 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 3,473 square feet.

Learn more about the property and building on this page. There is a patio. The roof of the home is made of composition shingle. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as good. The exterior walls of the home are made of unknown. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heat pump. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 123 Madison Street sold most recently in Mar 15, 2023 for a total of $295,000. If you work out the math, that's approximately a cost of $288.93 per sqft. Before that, the property was also sold for $190,000 in Nov 21, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,022 in taxes each year. 123 Madison Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $199,200. If we break it down further, the land itself was valued at $85,000. Improvements to the property, however, were assessed at a total of $114,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.