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7208 Paperbark Ter, Laurel, MD, 20707

2beds
2baths
1,502sqft
$425,000
$283price/sqft
$3,123/moest. monthly cost
$124,920/yrincome needed

About This Home

***Priced reduced for a quick sale***Fall in love with spacious one level villa, located in the exclusive 55+ resort-style community of Victoria Falls. This vibrant community offers residents an array of amenities, including an indoor lap saltwater pool, an outdoor pool, a sauna, a fitness room, a library room, game rooms, a billiard room, and a ballroom. Additionally, residents can enjoy tennis courts, a 2.5-mile trail around the community, three ponds, gazebos, and a variety of activities. This 2 bedroom and 2 bath home is ready for new owners. The open floor plan seamlessly flows into the kitchen and then the living and dining rooms, showcasing soaring cathedral ceilings and access to your private patio. The primary bedroom, conveniently located on the main floor, is a true sanctuary, boasting a spacious layout and a tranquil atmosphere. It features a walk-in closet, an en-suite bath with a double vanity, and a separate shower. A second bedroom and a full bath completes this level . NEW ROOF, Newer HVAC, appliances and systems! Conveniently located close to I 95 and Baltimore Washington Parkway ( 295), Laurel, Washington and Baltimore. Age restriction 55+

Getting Around

11
WalkingCar-Dependent
35
TransitSome Transit
34
BikeSomewhat Bikeable

Schools

3/10
2/10
Laurel High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 2005

Materials

  • Foundation: Other
  • Construction materials: Frame

Other

  • Builder name: Craftstar

Type & Style

  • Home type: Townhouse
  • Architectural style: Villa
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Water Heater
  • Laundry features: Main Level

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Features

  • Attic,Combination Dining/Living,Entry Level Bedroom,Open Floorplan,Eat-in Kitchen,Walk-In Closet(s)
  • Finished area below ground: 0
  • Finished area above ground: 1,502

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,502
  • Total interior livable area: 1,502 sqft

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 17103448875
  • Zoning: IE
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Community
  • Fencing: Back Yard

Lot

  • Lot size: 3,033 sqft

Parking

  • Total spaces: 1
  • Parking features: Garage Door Opener,Attached,Driveway
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Heat Wave
Lightning
Strong Wind
Tornado

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,149$25,788
Home Insurance *$144$1,728
Property Taxes $549$6,588
Electricity $281$3,374
Total$3,123$37,476
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$107,074/yr
40% on housing$93,690/yr
45% on housing$83,280/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$283This listing

vs Other Active Listings

Avg $/sqft

ZIP 20707$174
Prince George's County$186

vs Homes Sold Last Month

Median $/sqft

ZIP 20707$265
Prince George's County$231

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-09Price change$400,000
2026-07-10Listed for sale$425,000
2021-11-18Sold$365,000
2005-03-31Sold$304,815

For Sale by Agent

AgentWemmy Collins
BrokerageRedfin Corp

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