607 7thLaurel, MD 20707

  • Apartment buildings
  • 20,336 SF
Off market
$2,502,200 Estimated

Property Details for 607 7th

Year built
2019
Lot size
0.14 AC
Property size (Sq ft)
20,336 SF
Zone code
LAUR
Property type
Apartment buildings
APN
10-5509724
APU
105509724

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,448,688
    6.5%
    $4,106,481
    7%
    $3,813,161
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,775,967
    Geo Method
    $1,982,974
  • Alternative Use

    Use
    Valuation
    Residential
    $4,106,481
    Hospitality
    $3,761,515
    Educational
    $3,129,536
    Medical
    $3,237,166
    Retail
    $4,868,168

Location Insight

City
Laurel
County
Prince George's
State
Maryland
Latitude
39.102
Longitude
-76.8573
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,261
-
-
$2,502,200
-
$75,400
$2,698,800
$2,774,200

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