7423 PHELPS ROAD
About This Property
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!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017