Excellent Opportunity! Almost 7 Acres of Wooded Residential Land * Zoned R1 * Strong potential for subdivision! * Preliminary research indicates 3 to 4 building lots may be possible. No public utilities or recent perc testing at present. Recent Survey is available. * Please read the driving instructions. *Make sure to see the Video Link * Developers are encouraged to inquire.
DISCOVER THIS 3.27 ACRE LOT AVAILABLE IN SEVERN RIDGE COMMUNITY IN SEVERN, MD WITHIN ANNE ARUNDEL COUNTY. ZONING R2. DRIVE BY TODAY TO DETERMINE FOR YOURSELF HOW IT CAN WORK FOR YOUR NEEDS!
List price to be opening bid at online only auction. Auction to be held on auctioneer's bidding platform. Bidding begins Thursday, August 22nd & ends Tuesday, August 27th, 2024 at 3:00 pm. The net usable area for the site is approx. 1.50 acres after deducting the portion zoned Open Space and containing a stream. The usable area is oriented to the north side of the site with ample road frontage. There are approx. 96 permitted uses with the C-3 commercial zoning. The property is located approx. 320' south of the intersection with Donaldson Ave. It has 421' frontage along Telegraph Rd. Public water and sewer are believed to be available to the site but will require verification with the Anne Arundel County Government. Appraised in September 2020 for $980,000 for possible refinancing purposes. Average Annual Daily Traffic (2018) according to the MDOT SHA is approx. 26,000 vehicles. From the Anne Arundel Department of Planning and Zoning: C3 - General Commercial Districts This District is generally intended for larger arterial strip commercial development and shopping centers that offer a wide range of commercial uses that serve a broad market area. These commercial uses typically have larger space and land requirements and are located along major roadways. Minimum lot size is 10,000 square feet. Maximum lot coverage by structures and parking is 80%. Maximum Floor Area Ratio is 2.0. Maximum height is 45 feet based on minimum setbacks and can increase to 72 feet provided setbacks are increased as per formula.
The median home value in Severn, MD is $500,000. This is higher than the county median home value of $458,200. The national median home value is $338,100. The average price of homes sold in Severn, MD is $500,000. Approximately 70.49% of Severn homes are owned, compared to 25.16% rented, while 4.35% are vacant. Severn 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 Severn real estate agent to arrange a tour today!
Severn, Maryland has a population of 53,955. Severn is less family-centric than the surrounding county with 32.95% of the households containing married families with children. The county average for households married with children is 33.77%.
The median household income in Severn, Maryland is $115,481. The median household income for the surrounding county is $108,048 compared to the national median of $69,021. The median age of people living in Severn is 35.8 years.
The average high temperature in July is 87.7 degrees, with an average low temperature in January of 24 degrees. The average rainfall is approximately 42.7 inches per year, with 16.3 inches of snow per year.