7116 Panorama Drive

7116 Panorama Drive in Derwood, MD was first built in 1966 and is 58 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 7116 Panorama Drive has 2,482 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. The basement is 350 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 15,151 square feet.

Learn more about the property and building on this page. There is a open porch. The roof of the home is made of composition shingle. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 468 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. 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 average. The exterior walls of the home are made of brick. 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 forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jul 30, 2013 for $518,000. That's $242.96 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $237,000. 7116 Panorama Drive was last assessed in 2023. The total value of the property was assessed at $472,000. Specifically, the land the property is located on was valued at $274,300. While improvements on the property were assessed at a total of $197,700. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $6,710. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.