Listed By:
HomeSource Pro Real Estate
Address
Myrtle Avenue, Laurel, MD
Price
$ 2,500,000
Property Attributes
  • MLS#MDAA2078858
  • TypeLand
  • CountyANNE ARUNDEL
  • CityLaurel
  • Zip20724
  • StyleLand/Lot Only
  • Taxes$ 10208
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10 Acres
Data Source:
Bright MLS
Property Description

Nestled in Laurel, Maryland, this expansive 6.33-acre (estimated) Mixed Residential land holds immense promise as a prime investment opportunity. Zoned MXD-R (Mixed-Use Development-Residential) in Anne Arundel County, this property offers a canvas for a diverse range of mixed-use development projects. What sets it apart is its strategic adjacency to the Watershed development, a thriving project poised to transform the surrounding area. To maximize value, purchase both this property and the 10 acre adjacent property to allow for more development opportunities. The MXD-R zoning classification allows for a harmonious blend of residential and commercial elements, including single-family homes, townhouses, apartments, retail spaces, offices, and recreational facilities. As the Watershed development progresses, the potential for future access to public water and sewer facilities enhances the allure of this parcel, opening up new possibilities for infrastructure support. Investors and developers have a unique opportunity to capitalize on the growth potential of this location, leveraging the benefits of neighboring developments. With the prospect of future access to public water and sewer services, these 6.33-acre parcels becomes an even more enticing prospect for those seeking to contribute to the dynamic expansion of Laurel, Maryland, and Anne Arundel County.

Elementary School Middle School High School
Maryland City Elementary School Macarthur Middle School Meade High School
Price History
2/29/2024 Listed $2,500,000

General Features

Sewer No Sewer System
Possession Immediate,Negotiable
Zoning MXD-R
Property SubType Land
Tax Year 2024
Current Use Land/Lot Only
Percent Ownership Fee Simple
County ANNE ARUNDEL
Property Type Land
HOA / Comm Assn No
Water Access Y/N No
Status ACTIVE
Directions Located adjecent to Watershed community. No access available without owner and/or listing agent.
ModificationTimestamp 2024-05-03T01:53:55
City LAUREL
Buyer Agent Compensation 2.5
Lot Size Square Feet 435600.00
Tax Assessed Value 900000.0
Waterfront Y/N No
Street Name MYRTLE
Tax Annual Amount 10208.0
Price Per Sq Ft 5.74
Additional Parcels Y/N No
Vacation Rental Y/N No
Days on Market 65
Standard Status Active
Legal Subdivision REGULARS
Buyer Agent Compensation Type % Of Gross

Interior Features

Street Suffix AVENUE

Exterior Features

Water Source None
Water View Y/N No
Lot Size Acres 10.00
Lot Size Units Square Feet
Lot Size Source Assessor
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 20724

Price
AVG $1.55M
$2.5M
Taxes
AVG $10,208
$10,208
Visits
AVG 69
133
Data Provided by Inside Real Estate®

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