7005 Independence Street

Local assessors in Capitol Heights, MD have categorized 7005 Independence Street as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 7,921 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split foyer style. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7005 Independence Street has a total of 1,034 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is fair. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a roof that is made of composition shingle. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. 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, 7005 Independence Street sold most recently in Aug 4, 2021 for a total of $315,000. If you work out the math, that's approximately a cost of $304.64 per sqft. Before that, the property was also sold for $27,000 in Dec 27, 1971. 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 $2,746 in taxes each year. 7005 Independence Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $246,900. If we break it down further, the land itself was valued at $60,700. Improvements to the property, however, were assessed at a total of $186,200. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.