See Home Value
$415,000
● House - Off Market

7423 PHELPS ROAD

HANOVER, MD 21076
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,638 Ft²
$2,216
Est. Monthly
7.71%
Cap Rate

About This Property

MULTIPLE OFFERS - SELLERS REQUEST ALL OFFERS DUE TUES., JUNE 3 BY 5PM & IF YOU SUBMITTED AN OFFER AND WANT TO MAKE A CHANGE PLEASE PUT IN SUBJECT LINE UPDATED OFFER BUYER NAME

Welcome to 7423 Phelps Rd, Hanover, MD 21076 - a rare opportunity to own a meticulously maintained, one-owner rancher situated on a flat, corner lot spanning over an acre. Tucked away in a peaceful neighborhood yet perfectly positioned near all the conveniences you need!

This home offers an unbeatable location just minutes to BWI Airport, making travel a breeze. Commuters will love the proximity to Annapolis Junction, home to numerous job centers and government contractors. Shopping, dining, and entertainment options abound at Arundel Mills Mall and Maryland Live! Casino, both only a short drive away. Easy access to major commuter routes including Route 100, I-295, and I-95 ensures you're connected to Baltimore, Annapolis, and Washington, D.C. in no time!

Step inside to discover a light-filled, generously sized living room with hardwood flooring, a cozy fireplace, and fresh paint. A unique and charming arched doorway leads into the formal dining room, also featuring gleaming hardwood floors and fresh paint.

The well-planned kitchen offers ample space for preparing meals - perfect for hosting your 4th of July gathering or join in on the neighborhood's beloved annual crab feast. From the kitchen, step out onto a large covered patio, ideal for outdoor dining and relaxing, with convenient storage space underneath for lawn equipment.

All bedrooms are exceptionally spacious, easily accommodating full bedroom sets, with hardwood floors and ceiling lighting in every room. The home provides two full bathrooms, one on each level, offering flexibility for family and guests.

A fully finished, heated basement stretches the entire length of the home, with a designated area perfect for a woodworking enthusiast's workshop - complete with a convenient walk-out entrance for hauling out projects or enjoying easy access to the yard.

Additional Highlights:

Covered carport protects your vehicle year-round,

Well water system means no monthly water bills,

New roof installed April 2025,

Freshly painted living & dining rooms (May 2025),

Well water quality tested and passed (May 2025) - results available in documents,

New well pump (December 2024),

Oil tank manufactured 2016 with nearly full tank included,

All windows replaced in recent years,

This move-in ready home is an absolute gem for those seeking classic charm, thoughtful updates, and a location that truly has it all.

Schedule your private tour today and experience the perfect blend of space, comfort, and convenience at 7423 Phelps Rd!
Unit Size
1,638 Ft²
Days on Market
25 days
Land Size
1.02 acres
Price per sqft
$235
Property Type
House
Property Taxes
$325
HOA Dues
-
Year Built
1956

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (Bright MLS #MDAA2114152)

Price History

Date / Event Date Event Price
Jun 30, 2025 Sold
Sold
Jun 6, 2025 In contract -
In contract
May 30, 2025 Listed by Long & Foster Real Estate, Inc. $385,000
Listed by Long & Foster Real Estate, Inc.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 546
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,300
  • Total Building Area: 1,092
  • Gross Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,638
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBER RIDGE
  • Land Acres: 0000001017
  • Standard Land Use Code: 1001
  • County Land Use Code: R-B001
  • Legal Description 1: LT 94 PL 2 7423 PHELPS RD TIMBER RIDGE

Neighborhood

  • School District Name: Anne Arundel County Public Schools
  • Census Tract: 751400

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 8 24 357
  • Account Number: 80013760200
  • District: 05
  • Parcel: 05-800-13760200
  • Lot: 94
  • Latitude: 39.1549
  • Longitude: -76.6891

    Address

  • Full Address: 7423 Phelps Rd
  • Address - House Number: 7423
  • Address - Street Name: Phelps
  • Address - Suffix Type: Rd
  • State: MD
  • City Name: Hanover
  • Carrier Code: R007
  • 4-Digit Zip Code: 1516
  • Zip Code: 21076

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $225,920

    Appraisal Valuation

  • Standard Deviation: 0.1477
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 82
  • Final Value: 411,910
  • High Value: 472,760
  • Low Value: 351,060

    Market Valuation

  • Market Total Value: $333,000
  • Market Land Value: $203,500
  • Market Improvement Value: $129,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $310,000

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Severn


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1838 Encore Terrace, SEVERN, MD, 21144

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,130 ft²
1838 Encore Terrace, SEVERN, MD, 21144 Listing by Un H McAdory
Unit for rent at 1339 Hill Born Drive, HANOVER, MD, 21076

$2,900 /mo

  • 4 Beds
  • 2 Baths
  • 2,272 ft²
1339 Hill Born Drive, HANOVER, MD, 21076 Listing by Robert J Lucido
Unit for rent at 7634 Fairbanks Court, HANOVER, MD, 21076

$2,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,620 ft²
7634 Fairbanks Court, HANOVER, MD, 21076 Listing by Zhen Wang


Frequently Asked Questions

When was property at 7423 Phelps Road built and last sold?
The property at 7423 Phelps Road was built in 1956 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7423 Phelps Road is $0.
What are some comparable homes to 7423 Phelps Road?
There are currently no comparable homes to 7423 Phelps Road.