NOT LISTED FOR SALE

2402 Manor Gate Terrace Upper Marlboro, MD 20774

Estimated Value: $1,187,000 - $3,287,000

5 Beds
3.5 Baths
3,480 Sq Ft
$605/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $3,100,000 $891 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $11,098/month

Highlights

  • Horse Facilities
  • Second Kitchen
  • 45.72 Acre Lot
  • Horses Allowed On Property
  • View of Trees or Woods
  • Colonial Architecture

About This Home

As of October 2023

Profitable Turn Key Marlboro Horse Farm conveniently located in the heart of Upper Marlboro! In addition to the main house on 24 acres, there are 3 other continuous lots included in the sale totaling over 45 acres. This property features a spacious 5 bedroom farm house with panoramic views from all sides, inviting front porch to enjoy the sounds of nature, bright living area to include formal living room, separate dining room, family room with fireplace, country kitchen with breakfast area, center island, and stainless steel appliances. 4 generous sized bedrooms and office/den on upper level. Primary bedroom features full bath and walk in closet. Finished walk out lower level offers a separate apartment or in-law suite featuring kitchen, living area, bedroom, full bath and separate laundry. Large recently renovated rear deck. 2 car garage. There are four other dwelling units on this property which include several rental units with long term tenants with great rental history. Property has miles of wooded trails, boarders a protected watershed, lighted stone-dust dressage arena, lighted grass arena, lighted grass round pen, three barns and room to board 36 horses. Escape and relax by the large pond. Minutes away from the Capital Beltway, Prince Georges Equestrian Center. Easy access to major routes and convenient to Washington, DC and Annapolis. Also included in the sale are 3 adjoining lots - Tax ID 17032840098 2401 Manor Gate Terr; Tax ID 17032840080 2407 Manor Gate Terr; Tax ID 17032840072 2411 Manor Gate Terr. Possible development opportunity.

Last Agent to Sell the Property

Andy MacPherson

(301) 509-5169 andy@wfchesley.com W F Chesley Real Estate, LLC. License #IB42552 Listed on: 10/23/2023

Last Buyer's Agent

Barbara Richman Kahn

(301) 459-4400 brichman@naimichael.com Richman Real Estate & Development, LLC License #83789

Richman Real Estate & Development, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,909

Year Built

  • Built in 1998

Lot Details

  • 45.72 Acre Lot
  • Rural Setting
  • No Through Street
  • Private Lot
  • Secluded Lot
  • Partially Wooded Lot
  • 3 additional parcels, see remarks.
  • Subdivision Possible
  • Property is zoned RE

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Driveway

Property Views

  • Pond
  • Woods
  • Pasture
  • Garden

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • Property has 3 Levels
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Formal Dining Room
  • Carpet
  • Intercom

Kitchen

  • Eat-In Country Kitchen
  • Second Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Six Burner Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Basement Windows

Outdoor Features

  • Pond
  • Deck
  • Patio
  • Outbuilding
  • Tenant House
  • Porch

Farming

  • Feed Barn
  • Tobacco Barn
  • Horse Farm

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Heat Pump System
  • Well
  • Electric Water Heater
  • On Site Septic

Listing and Financial Details

  • Assessor Parcel Number 17033188224

Community Details

Overview

  • No Home Owners Association
  • Marlboro Manor Subdivision

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,909

Year Built

Built in 1998

Lot Details

0

Parking

2

Listing Details

  • Property Type: Farm
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Habitable Residence: Yes
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1998
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Icemaker, Oven/Range - Gas, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer
  • Interior Amenities: 2nd Kitchen, Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Formal/Separate Dining Room, Kitchen - Country, Kitchen - Eat-In, Kitchen - Island, Kitchen - Table Space, Walk-In Closet(s), Recessed Lighting, Primary Bath(s), Intercom
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished, Outside Entrance, Walkout Level, Windows
  • Laundry Type: Lower Floor, Upper Floor
  • Total Sq Ft: 3600
  • Living Area Sq Ft: 3480
  • Price Per Sq Ft: 1250.00
  • Above Grade Finished Sq Ft: 2480
  • Below Grade Finished Sq Ft: 1000
  • Below Grade Sq Ft: 120
  • Total Below Grade Sq Ft: 1120
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Barn, Barn/Stable, Horse Stable, Tenant House
  • Construction Materials: Frame
  • Exterior Features: Outbuilding(s)
  • View: Garden/Lawn, Pasture, Pond, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Oil
  • Heating Type: Heat Pump(s), Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: Yes
  • Additional Parcels: Yes
  • Additional Parcels Description: 3 additional parcels, see remarks.
  • Crops Included: No
  • Farm Features: Tobacco Shed/House, Feed Barn
  • Farm Land Area Units: Acres
  • Farm Operation: Horse
  • Lot Features: Pond, Private, Rural, Trees/Wooded, Subdivision Possible, Partly Wooded, No Thru Street, Secluded
  • Lot Size Acres: 45.72
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1991563.20
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es)
  • Zoning: RE
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6909.00
  • Assessor Parcel Number: 17033188224
  • Tax Year: 2023

MLS Schools

  • School District Name: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2023
Sold by
Woodside Land Investments Llc
Bought by
Md-Nat'L Cap Park & Planning Com
Current Estimated Value
$2,105,844

Purchase Details

Listed on
Oct 23, 2023
Closed on
Oct 20, 2023
Sold by
Kidd John R
Bought by
Woodside Land Investments Llc
Seller's Agent
Andy MacPherson
W F Chesley Real Estate, LLC.
Buyer's Agent
Barbara Richman Kahn
Richman Real Estate & Development, LLC
List Price
$3,100,000
Sold Price
$3,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.89%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Md-Nat'L Cap Park & Planning Com -- Velocity National Title
Md-Nat'L Cap Park & Planning Com -- Velocity National Title
Woodside Land Investments Llc $3,100,000 None Listed On Document
Woodside Land Investments Llc $3,100,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2023 10/23/23 For Sale $3,100,000 0.0% $891 / Sq Ft
10/20/2023 10/20/23 Sold $3,100,000 +172122.2% $891 / Sq Ft
10/01/2023 10/01/23 Pending -- -- --
07/10/2021 07/10/21 Rented $1,800 +5.9% --
07/09/2021 07/09/21 Under Contract -- -- --
07/07/2021 07/07/21 Price Changed $1,700 -5.6% $2 / Sq Ft
06/21/2021 06/21/21 For Rent $1,800 +28.6% --
07/07/2019 07/07/19 Rented $1,400 0.0% --
06/28/2019 06/28/19 Under Contract -- -- --
06/20/2019 06/20/19 For Rent $1,400 +7.7% --
12/22/2015 12/22/15 Rented $1,300 0.0% --
12/22/2015 12/22/15 Under Contract -- -- --
12/08/2015 12/08/15 For Rent $1,300 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $122 $1,702,700 $1,302,500 $400,200
2024 $122 $1,680,400 $0 $0
2023 $5,660 $508,967 $0 $0
2022 $5,226 $470,000 $136,700 $333,300
2021 $13,669 $459,667 $0 $0
2020 $13,222 $449,333 $0 $0
2019 $6,286 $439,000 $111,700 $327,300
2018 $5,989 $417,200 $0 $0
2017 $5,517 $395,400 $0 $0
2016 -- $373,600 $0 $0
2015 $4,358 $369,000 $0 $0
2014 $4,358 $364,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDPG2094416

Bright MLS

APN: 03-3188224