7029 Garrett Road

Local assessors in Derwood, MD have categorized 7029 Garrett Road as a exempt type of property. The home was built in 2022 and is 2 years old. The property's lot size has been calculated to be 2,299 square feet.

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. 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, 7029 Garrett Road sold most recently in Jan 24, 2023 for a total of $874,966. If you work out the math, that's approximately a cost of $341.25 per sqft. 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 $1,655 in taxes each year. 7029 Garrett Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $827,300. If we break it down further, the land itself was valued at $152,400. Improvements to the property, however, were assessed at a total of $674,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.