$392,000
$359,900
8.9%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
1,792 SqFt
SOLD DATE : 10/06/2023
Key Details
Sold Price $392,000
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 1,792 sqft
Price per Sqft $218
Subdivision Lakeland Park
MLS Listing ID MDPG2090264
Sold Date 10/06/23
Style Traditional
Bedrooms 5
Full Baths 2
Condo Fees $426/mo
HOA Y/N N
Abv Grd Liv Area 1,792
Originating Board BRIGHT
Year Built 1986
Annual Tax Amount $5,101
Tax Year 2022
Property Description
* OFFER DEADLINE: MONDAY, 09/18 @ 6:00 PM - PLEASE SUBMIT ALL OFFERS BY DEADLINE * Investor's Dream At University of Maryland! This spacious 3-level townhouse/condo offers an incredible opportunity. Located just 1/2 mile from the University of Maryland's front gate, this updated end-unit features 5 bedrooms, 2 full baths, and a rough-in for an additional half bath. With nearly 1800 square feet of living space, it's the largest model in the community. Just FRESHLY PAINTED with BRAND NEW carpet throughout the main and upper levels, this property is move-in ready. The main level includes a generous living/dining area, a fully equipped kitchen with stainless steel appliances, including a built-in microwave, oak wood cabinets with new hardware, and a large tile composite floor. Additionally, you'll find an entry-level bedroom with a walk-in closet, which has the rough-in for a future half bath. Upstairs, three spacious bedrooms await, one with two walk-in closets, and an updated full hall bath with tub/shower and ceramic tile floor and surround completes this level. The walk-up lower level, featuring wall-to-wall carpet in the living area, is licensed by College Park as the 5th bedroom for rental apartment purposes. It includes the second full bathroom, a large utility/laundry/storage room, and an exit to the bulkhead door at the front of the home. Windows and HVAC systems were updated within the last 5-6 years, and a new dryer was installed in 2023. The condo association covers roof replacement, which is next scheduled again for 2033, as well as exterior siding, lawn maintenance and snow removal. For investors, this unit has tremendous income potential, with a prospective rental income of over $3,000 per month. This is a very attractive and lucrative investment opportunity. Don't miss out on this chance to own a prime rental property just a few blocks from the University of Maryland! Very walkable with lots of shopping, restaurants and parks close by.
Location
State MD
County Prince Georges
Zoning RES
Rooms
Basement Connecting Stairway, Heated, Improved, Interior Access, Outside Entrance, Walkout Stairs
Main Level Bedrooms 1
Interior
Interior Features Attic, Carpet, Combination Dining/Living, Entry Level Bedroom, Floor Plan - Traditional, Kitchen - Gourmet, Stall Shower, Tub Shower, Upgraded Countertops
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Carpet, Ceramic Tile
Equipment Built-In Microwave, Refrigerator, Dishwasher, Disposal, Cooktop, Oven - Single, Oven/Range - Electric, Washer, Dryer, Water Heater, Stainless Steel Appliances
Furnishings No
Fireplace N
Window Features Double Pane
Appliance Built-In Microwave, Refrigerator, Dishwasher, Disposal, Cooktop, Oven - Single, Oven/Range - Electric, Washer, Dryer, Water Heater, Stainless Steel Appliances
Heat Source Electric, Natural Gas
Laundry Has Laundry, Lower Floor, Washer In Unit, Dryer In Unit
Exterior
Amenities Available Other
Water Access N
View Scenic Vista
Street Surface Paved
Accessibility None
Garage N
Building
Lot Description Backs - Open Common Area
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade
Structure Type Dry Wall,Paneled Walls
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Pets Allowed N
HOA Fee Include Common Area Maintenance,Ext Bldg Maint,Lawn Maintenance,Management,Snow Removal,Trash
Senior Community No
Tax ID 17212284255
Ownership Condominium
Security Features Smoke Detector
Acceptable Financing Cash
Horse Property N
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Melissa A. Strocko • Redfin Corp
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
14291 Park Meadow Drive Suite 500, Chantilly, VA, 20151