Perfectly located in the heart of College Park, MD this corner lot presents an exceptional opportunity to build your new dream home to your specifications. Your newly built dream home will be within 1 mile of shopping, great healthy food options for groceries, medical, gyms, 34 parks within a 10-mile range that include at least 2 golf courses, hiking and literally over 100 places to eat. With the University of MD nearby you have access to world class facilities and institutions, not to mention 25 other private schools and 1 charter school within a 5-mile distance. Future growth prospects in College Park remain high with many revitalization projects underway, making this location ideal for a worthy investment. The median sold price for residential property has increased over 10 percent year over year from $430,000 in Oct 2023 to $473, 500 in Oct 2024. Close to public transportation to include metro, subway and major arteries (I-495, I-95), B/W Parkway and Route 1 for traveling. Buyers encouraged to do their own due diligence with all relevant authorities. Do not miss out on this prime real estate opportunity.
High Visibility Redevelopment Opportunity Corner of Baltimore Ave & Greenbelt Rd Over 40,000 students within one mile. MUI Zoned
Current verbal enquiries with county indicate possible 3 lot subdivision. Land was approved for subdivision into three lots by County in 2008, but was never finalized. Great opportunity to develop homes in College Park Woods. Land has easement for underground AT&T phone line. All buyers to do their own due diligence with all relevant authorities.
The median home value in College Park, MD is $414,800. This is higher than the county median home value of $384,600. The national median home value is $338,100. The average price of homes sold in College Park, MD is $414,800. Approximately 37.05% of College Park homes are owned, compared to 52.44% rented, while 10.51% are vacant. College Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a College Park real estate agent to arrange a tour today!
College Park, Maryland 20740 has a population of 34,961. College Park 20740 is more family-centric than the surrounding county with 31.38% of the households containing married families with children. The county average for households married with children is 26.76%.
The median household income in College Park, Maryland 20740 is $69,736. The median household income for the surrounding county is $91,124 compared to the national median of $69,021. The median age of people living in College Park 20740 is 21.6 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 43 inches per year, with 13.1 inches of snow per year.