NOT LISTED FOR SALE

7432 Race Rd Hanover, MD 21076

Estimated Value: $787,000 - $803,000

4 Beds
2.5 Baths
2,734 Sq Ft
$290/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $746,000 $273 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,728/month

7 Days on Market

Highlights

  • New Construction
  • View of Trees or Woods
  • Wood Flooring
  • Gourmet Kitchen
  • Colonial Architecture
  • No HOA

About This Home

As of March 2022

Delivery in March 2022. Enjoy luxury in this custom built 2,734 4 bedroom, 2.5 bath home. Open concept layout featuring gourmet kitchen, cozy great room w/ fireplace,and separate dining room. Large owners suite w/ walk in closet with custom built-ins and spa-like full bathroom. Large .94 acre lot with partially wooded backyard. Great commuter location with access to route 100, 95, 295, BWI Airport, Fort Meade.

This home is currently under construction and will be complete and move in ready by March 11th

Last Agent to Sell the Property

Joseph Lomangino

(301) 875-3831 jlomangino@hogancompanies.com Hogan Companies Residential Listed on: 02/06/2022

Last Buyer's Agent

Jeffrey Greer

(410) 952-9943 jeffrey.greer@kw.com EXP Realty, LLC License #653381

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,058

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.94 Acre Lot
  • Sprinkler System
  • Property is in excellent condition
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Blown-In Insulation
  • Batts Insulation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • CPVC or PVC Pipes
  • Masonry
  • Tile

Interior Spaces

  • Property has 2 Levels
  • Chair Railings
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Formal Dining Room
  • Efficiency Studio
  • Views of Woods

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Sump Pump
  • Rough-In Basement Bathroom
  • Basement with some natural light

Schools

  • Jessup Elementary School
  • Meade Middle School
  • Meade High School

Utilities

  • Central Air
  • Back Up Gas Heat Pump System
  • Heating System Powered By Owned Propane
  • 200+ Amp Service
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 2
  • Assessor Parcel Number 020400090245854
  • $450 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,058

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2022
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Microwave, Oven/Range - Gas, Refrigerator, Washer, Water Heater
  • Interior Amenities: Carpet, Ceiling Fan(s), Chair Railings, Crown Moldings, Dining Area, Efficiency, Formal/Separate Dining Room, Kitchen - Gourmet, Kitchen - Island, Pantry, Recessed Lighting, Sprinkler System, Upgraded Countertops, Wainscotting, Walk-In Closet(s), Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Daylight, Partial, Outside Entrance, Rough Bath Plumb, Sump Pump, Unfinished, Walkout Stairs
  • Laundry Type: Main Floor
  • Total Sq Ft: 4084
  • Living Area Sq Ft: 2734
  • Price Per Sq Ft: 270.30
  • Above Grade Finished Sq Ft: 2734
  • Below Grade Sq Ft: 1350
  • Total Below Grade Sq Ft: 1350
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Batts Insulation, Blown-In Insulation, Cpvc/Pvc, Masonry, Tile, Vinyl Siding
  • Construction Completed: No
  • Spa: No
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Refuse: 341.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric, Propane - Owned
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Loss Mitigation Fee?: No
  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: JESSUP
  • High School: MEADE
  • Middle Or Junior School: MEADE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 204300.00
  • Lot Size Acres: 0.94
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 40859.00
  • Property Condition: Excellent
  • Zoning: R1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 15485109
  • Tax Annual Amount: 2058.00
  • Assessor Parcel Number: 020400090245854
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Front Foot Fee: 450.00

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2022
Closed on
Mar 25, 2022
Sold by
Hogan Realty Company Llc
Bought by
Maryland Building Company Llc
Seller's Agent
Joseph Lomangino
Hogan Companies Residential
Buyer's Agent
Jeffrey Greer
EXP Realty, LLC
List Price
$739,000
Sold Price
$746,000
Premium/Discount to List
$7,000
0.95%
Current Estimated Value
$793,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,986
Avg. Annual Appreciation
1.64%
Original Mortgage
$772,856
Outstanding Balance
$722,416
Interest Rate
4.42%
Mortgage Type
VA
Estimated Equity
$71,570

Purchase Details

Listed on
Feb 6, 2022
Closed on
Feb 2, 2022
Sold by
Free State Utility Company Llc
Bought by
Hogan Realty Company Llc
Seller's Agent
Joseph Lomangino
Hogan Companies Residential
Buyer's Agent
Jeffrey Greer
EXP Realty, LLC
List Price
$739,000
Sold Price
$746,000
Premium/Discount to List
$7,000
0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,856
Outstanding Balance
$722,416
Interest Rate
4.42%
Mortgage Type
VA
Estimated Equity
$71,570

Purchase Details

Closed on
Nov 3, 2017
Sold by
Np
Bought by
Np
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Maryland Building Company Llc $746,000 Old Republic National Title
Hogan Realty Company Llc -- None Listed On Document
Np -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maryland Building Company Llc $772,856
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2022 03/25/22 Sold $746,000 +0.9% $273 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
02/06/2022 02/06/22 For Sale $739,000 -- $270 / Sq Ft
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 $7,263 $660,300 $204,300 $456,000
2024 $7,263 $617,433 $0 $0
2023 $6,274 $574,567 $0 $0
2022 $5,646 $531,700 $164,300 $367,400
2020 $1,808 $164,300 $164,300 $0
2019 $2,228 $204,300 $204,300 $0
2018 $2,746 $270,800 $0 $0
2017 $2,422 $237,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA2023214

Bright MLS

APN: 04-000-90245854