8740 Cherry Lane

8740 Cherry Lane in Laurel, MD was first built in 1990 and is 34 years old. This has been categorized as a industrial property type. In total, the area measurement of the land is 4,289 square feet.

Learn more about the property and building on this page. The property is connected to a sewer system. 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, 8740 Cherry Lane sold most recently in Jan 1, 1970 for a total of $134,500. If you work out the math, that's approximately a cost of $74.72 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 $2,202 in taxes each year. 8740 Cherry Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $198,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.