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Backup Offers

7402 Locust Dr, Hanover, MD, 21076

$525,000

Home List Price

$6,234*

Closing Credit

5 Bedrooms
3 Full Baths
3,312 SqFt
$159/SqFt
House

Location

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7402 Locust Dr, Hanover$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingPaved Driveway, Off Street, Driveway
Year Built1967
HeatingForced Air, Other, Central
CoolingCentral Air, Ceiling Fan(s)
BasementYes
FireplaceFlue for Stove, Insert, Mantel(s)
MLS #MDAA2088520
Lot Size0.48 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 7402 Locust Dr

Welcome to this DIY and Investor dream home. This AS-IS property offers an excellent floor plan, updated baths, large secondary bedrooms, and an entirely contemporary feel. Check out the floor plan in the photos. This hidden gem will easily sell for 600-625K with some elbow grease, cosmetics, and smart choices. Hard-to-find features include a huge 14X23 primary bedroom with a private balcony overlooking the rear yard, an ensuite spa-inspired bathtub, rainfall shower, and his and hers customized walk-in closet. Large modern kitchen with tons of cabinet pullouts, counters, and a big island. and desk -school work area. All of this opens onto a 20x20 screened deck. Downstairs has two very large bedrooms (or office and exercise room) generous family room with a pellet stove and a full bath and laundry. The home will be emptied before closing. Standard sale with attractive VA ASSUMABLE LOAN. You do NOT have to be a veteran or in active service. It is not available to investors. The current loan balance is approximately $378,000 and is a 30-year fixed at 2.375%. This works out to a principal and interest of $1582.80 a month! Drone photography and a floor plan with dimensions are uploaded in photos. No HOA, huge, level, fenced lot. Long driveway and parking for 8+ cars. No showings without a licensed real estate agent.

Property Details

Property Features

Property Information:

  • Architectural Style: Split Foyer
  • Year Built: 1967
  • Stories: 2
  • Living Area: 3,312 SqFt

Listing Office:

  • Office Name: RE/MAX Realty Group
  • Office Phone: (301) 258-7757
  • Listing Agent: Susan C McFarland

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Oven, Electric Range, Ice Maker
  • Basement: Yes
  • Flooring Type: Hardwood, Luxury Vinyl Plank, Ceramic Tile
  • Interior: Combination Kitchen/Dining, Upgraded Countertops, Breakfast Area, Built-Ins, Ceiling Fan(s), Floor Plan - Open, Kitchen - Country, Kitchen - Island, Pantry, Recessed Lighting, Skylight(s), Bathroom - Soaking Tub, Bathroom - Stall Shower, Stove - Wood, Walk-in Closet(s), Window Treatments
  • Fireplace: Flue for Stove, Insert, Mantel(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Street Lights

Parking Information:

  • Parking: Paved Driveway, Off Street, Driveway

Lot Features

Lot Information:

  • Lot: Level, Back Yard
  • Lot Size: 0.48 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Other, Central
  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: ROUTE 170 TO EAST ON DORSEY RD. RIGHT ON LOCUST DR HOME IS ON THE RIGHT

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $159/SqFt

Tax Information:

  • Annual Amount: $3,443
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Hanover, MD.

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Hanover, MD

City

Med. Sold Price

$531.7K

Med. Price/SqFt

$231

Avg. Days On Market

21

# of Sold Homes

22

7402 Locust Dr vs Hanover

112 DAYS ON ROCKET

+91 Days

$525,000

-$6.7K Less

$159/SqFt

-$72 Less

KEY TAKEAWAY

This property is $6.7K less than the Median Sold Price and $72/SqFt less than other homes in Hanover, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDAA2088520

Listing Office:

  • Office Name: RE/MAX Realty Group
  • Office Phone: (301) 258-7757
  • Listing Agent: Susan C McFarland

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/10/2024, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 09, 2017Home Sold
$411,500
Sep 16, 2014Home Sold
$370,000
May 15, 2008Home Sold
$350,000
Sep 17, 2003Home Sold
$265,000
Aug 20, 2003Home Sold
$175,000
Sep 08, 1999Home Sold
$160,500

Tax History

YEARPROP. TAXASSESSMENT
2021$3,443$372,233
2020$4,169$355,867
2018$3,886$339,500
2017$3,903$339,500

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-835414
8
/10

  • Severn Elementary School

  • 838 Reece Rd

  • 1.41 miles

  • Public District Grades PK-5

school-card-donut-835415
4
/10

  • Hebron - Harman Elementary School

  • 7660 Ridge Chapel Rd

  • 1.75 miles

  • Public District Grades PK-5

school-card-donut-835416
4
/10

  • Quarterfield Elementary School

  • 7967 Quarterfield Rd

  • 2.41 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $87,037. Residents of Hanover, MD typically earn between $100k-200k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7402 Locust Dr

What is the listing price of this property?

The listing price of 7402 Locust Dr property is $525,000.

What type of property is this?

The property 7402 Locust Dr is a house located in Hanover, Maryland, 21076.

Is this property for sale now?

Accepting Backup Offers: 7402 Locust Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,443 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 9, 2017 for $411,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7402 Locust Dr has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 7402 Locust Dr is 3,312 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7402 Locust Dr is 1967.

Rocket Homes›Maryland›Anne Arundel County›Hanover›21076›7402 Locust Dr

This home is located at 7402 Locust Dr in Hanover, MD and zip code 21076 in the Severn neighborhood. This 3,312 square foot home, which was built in 1967, sits on a 0.48 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 21, 2024 and is currently priced at $525,000.

While more than 7 listings in Hanover, MD in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 8 were sold below. The inventory of homes for sale in Hanover, MD between September 2024 and October 2024 decreased by 2.8%. In October 2024 median list price was $531,750 and the average listing age was 21 days.

From Rocket Homes Real Estate and based on county public records data.

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