6 months on rocket

7523 Rhode Island Ave, College Park, MD, 20740

$900,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
960 SqFt
$938/SqFt
House

Location

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7523 Rhode Island Ave, College Park$900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1982
HeatingOther
CoolingCentral Air
BasementYes
MLS #MDPG2111700
Lot Size0.12 Acres
StatusActive
(ACTIVE)

About 7523 Rhode Island Ave

Incredible Investment opportunity at the University of Maryland in College Park. This 5 Bedroom & 3 full bath Spilt level home that sits on a prime lot with a fully fenced rear yard and parking for 4 cars. This home has enjoyed an incredible rental history and is currently rented for the Fall 24/Spring 25 year. The property is well-maintained and updated, making it an attractive option for investors looking for a turnkey rental property. Don't miss out on this fantastic opportunity to own a lucrative rental property near the University of Maryland! Contact us today for more information.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1982
  • Stories: 3
  • Living Area: 960 SqFt

Listing Office:

  • Office Name: Rory S. Coakley Realty, Inc.
  • Office Phone: (301) 340-8700
  • Listing Agent: Jonathan Triandafilou

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 495 to college park

Municipality:

  • College Park

Price Information

Listing Price Info

Price Summary:

  • List Price: $900,000
  • Price Per SqFt: $938/SqFt

Tax Information:

  • Annual Amount: $6,302
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in College Park, MD.

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College Park, MD

City

Med. Sold Price

$462K

Med. Price/SqFt

$256

Avg. Days On Market

15

# of Sold Homes

12

7523 Rhode Island Ave vs College Park

181 DAYS ON ROCKET

+166 Days

$900,000

+$438K More

$938/SqFt

+$682 More

KEY TAKEAWAY

This property is $438K more than the Median Sold Price and $682/SqFt more than other homes in College Park, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDPG2111700

Listing Office:

  • Office Name: Rory S. Coakley Realty, Inc.
  • Office Phone: (301) 340-8700
  • Listing Agent: Jonathan Triandafilou

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: 12/22/2024, 6:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 06, 2019Home Sold
$700,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,302$417,300
2020$7,107$395,933
2019$6,575$365,767
2018$6,070$335,600
2017$5,831$321,667

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

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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-895439
3
/10

  • Paint Branch Elementary School

  • 5101 Pierce Ave

  • 0.39 miles

  • Public District Grades PK-6

school-card-donut-895440
5
/10

  • University Park Elementary School

  • 4315 Underwood St

  • 1.06 miles

  • Public District Grades PK-6

school-card-donut-895441
4
/10

  • Berwyn Heights Elementary School

  • 6200 Pontiac St

  • 1.32 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,574. Typical income of College Park, MD residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7523 Rhode Island Ave

What is the listing price of this property?

The listing price of 7523 Rhode Island Ave property is $900,000.

What type of property is this?

The property 7523 Rhode Island Ave is a house located in College Park, Maryland, 20740.

Is this property for sale now?

Active Listing: 7523 Rhode Island Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,302 (source: MLS/based on county public records data).

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

The last sale was on November 6, 2019 for $700,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7523 Rhode Island Ave has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 7523 Rhode Island Ave is 960 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7523 Rhode Island Ave is 1982.

Rocket Homes›Maryland›Prince George's County›College Park›20740›7523 Rhode Island Ave

This home is located at 7523 Rhode Island Ave in College Park, MD and zip code 20740 in the Old Town neighborhood. This 960 square foot home, which was built in 1982, sits on a 0.12 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $900,000.

In November 2024 more than 3 listings in College Park, MD were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 6 were sold below. The inventory of homes for sale in College Park, MD between October 2024 and November 2024 decreased by 13.2%. In November 2024, listings were on the market for 15 days. During the same period, the median list price in this real estate market was $462,000.

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

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