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7242 Life Quest Lane

7242 Life Quest Lane, Columbia, MD 21045
Sold Aug 04, 2020
$367,500
$338,258 by Prosperity Home Mortgage Llc
Mortgage Due Jul 01, 2050
Sold Jan 02, 2002
$192,000
7242 Life Quest Lane has been categorized by the local assessors in Columbia, MD as a residential type of property. The building on the property was first built in 1984 and is 40 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7242 Life Quest Lane has 1,320 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 480 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 2,744 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The roof of the building is made of composition shingle. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7242 Life Quest Lane was last sold in Jun 30, 2020 for $367,500. According to our calculations, that's $282.69 per sqft. Prior to that sales transaction, the property was sold for $192,000 in Jan 1, 1970. Current property owners are expected to pay $2,935 in taxes per year. The property on 7242 Life Quest Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $348,800. To break that down further, the land itself was valued at $160,000. While improvements to the property were assessed at a total of $188,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C+
  • Construction Type: Frame
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 480
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,744
  • Total Building Area: 1,300
  • Gross Building Area: 1,300
  • Building Area: 1,300
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,320
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: VILLAGE OWEN BROWN SEC 02
  • Land Acres: 0.063
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT A 218 2800 SQ 7242 LIFE QUEST LN VILLAGE OF OWEN BROWN

Ownership

  • Current Owner : ALALFEY KAREEM
  • Current Owner 2: DUVALL LYNNETTE DANIELLE
  • Previous Owner : SPENARD MICHAEL A
  • Previous Owner 2: SPENARD ELIZABETH M
  • Owner Before Previous Owner: DAVIS GLENN P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Howard County Public Schools
  • Census Tract: 606708

Zoning

  • Zoning: NT

Geography

  • Assessors Map Reference: 42 3 440
  • Account Number: 153656
  • District: 16
  • Parcel: 16-153656
  • Lot: A 218
  • Latitude: 39.1798
  • Longitude: -76.8442

    Address

  • Full Address: 7242 Life Quest Ln
  • Address - House Number: 7242
  • Address - Street Name: Life Quest
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Columbia
  • Carrier Code: C010
  • 4-Digit Zip Code: 5253
  • Zip Code: 21045

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,935

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 464,705
  • High Value: 527,625
  • Low Value: 401,786

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $428,258
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 04, 2020
  • First Open Lien Mortgage Loan Amount: $338,258
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2050
  • Second Open Lien Mortgage Lender: APL FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jun 15, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $90,000
  • Second Open Lien Mortgage Term: 478
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: May 30, 2063

    Market Valuation

  • Market Total Value: $348,800
  • Market Land Value: $160,000
  • Market Improvement Value: $188,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $348,800
  • Assessed Land Value: $160,000
  • Assessed Improvements Value: $188,800

    Sales

  • Current Sale Contract Date: Jun 30, 2020
  • Current Sale Recording Date: Aug 04, 2020
  • Current Sale Transaction ID: 11783923491
  • Current Sale Price: $367,500
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jan 02, 2002
  • Previous Sale Amount: $192,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Aug 04, 2020
  • First Mortgage Loan Amount: $338,258
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

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Frequently Asked Questions

What neighborhood is 7242 Life Quest Lane located in?
The 7242 Life Quest Lane is a house located in the neighborhood of Snowden Ridge in Columbia, Columbia.
What is the average sales price for listings in 7242 Life Quest Lane?
The average sales price for units in 7242 Life Quest Lane is $0 currently.

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