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$94,500
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Property Description
Own for less than the rent or rent it with positive cashflow like I have done for nearly 20 years. Perfect for someone who wants their own place or someone looking to get into rental real estate investing. Newly renovated 503 square feet studio apartment-style efficiency-condo. Newer kitchen and bathroom. New designer luxury vinyl plank flooring, new recessed lights with LED bulbs & all new outlets/switches & new paint, all your needed appliances (includes fridge, dishwasher, garbage disposal, gas range & over the range microwave) & ceramic tiles. Condo fee includes most utilities (water, sewer, gas, parking, one storage space, trash/snow removal). Only pay for electricity monthly (estimated at $50/mo). Two entrances, one of which enjoys a big private patio. Four closets inside the unit. One of only a handful of units sprinkled throughout the Complex with its own private patio and direct access from the outside of the building. Separate bicycle storage room in the building. Separate & dedicated storage in the Laundry room area. Free/ample permit-style parking. Close (only 1 mile) to New Carrollton Metro & MARC Train, & 495. Less than 1/2 mile to 3 Shopping Centers. Minutes to U of MD College Park, NASA, Costco, Wegmans & new Maryland Hospital in Largo. Comfortable commute to DC, Annapolis, Fort Meade & Baltimore. ULTIMATE HOUSE HACK: Purchase with an FHA Loan, and the monthly payment works out to $1K per month. including everything! Live there for a year and then rent with a $300 plus monthly positive cash flow because it is a great investment too, with a fair market rental value of $1300/mo.
Full Property Details
Full Property Details for 7523 Riverdale Rd #1987
General
- Sold For: $94,500
- HOA FEE: $240/month
- Taxes: $1,263 (2025)
- Status: Closed
- Type: Condo
- Source: BrightMLSMidAtlantic
- MLS ID: MDPG2185138
- Added to Site: 45 day(s) ago
Interior
- Rooms/Areas: Kitchen, Foyer, Efficiency (Additional), Bathroom 1
- Interior Features: Kitchen - Galley, Efficiency, Floor Plan - Open, Floor Plan - Traditional
- Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Gas, Refrigerator
- Flooring: Tile/Brick, Ceramic Tile, Laminated
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Other Rooms
- Laundry: Common
Additional Information
- Shared Amenities: Common Grounds, Extra Storage, Tot Lots/Playground
- Shared Pool: Yes
- Pool: Yes
- Security/Safety: Main Entrance Lock
Exterior
- Exterior Features: Secure Storage
- Porch/Patio/Deck: Patio(s)
Parking
- Parking Features: Free, Rented/Permit Required, Surface, Unassigned
- Parking Type: Off Street, On Street
Location
- Municipality: NEW CARROLLTON
- County: PRINCE GEORGES
- Subdivision: FRENCHMANS CREEK
- Building Name: FRENCHMANS CREEK CONDO ASSN
- Driving Directions: From 495 and 450 intersection, take 450 inside the beltway towards DC and make right on Riverdale Road.Left on Fountainbleu.Go through two stop signs. Then make right in parking lot. Building on right #7523 unit #1987.
School Information
- School District: Prince George's County Public Schools
- Elementary School: Carrollton
- Middle School: Charles Carroll
- High School: Parkdale
Community
- Assoc. Fees Include: Common Area Maintenance, Ext Bldg Maint, Gas, Heat, Lawn Maintenance, Management, Insurance, Reserve Funds, Road Maintenance, Sewer, Snow Removal, Trash, Water
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Colonial, Unit/Flat
- Structure Type: Garden 1 - 4 Floors
- Model: OPEN FLOOR PLAN/RENOVATED
- Construction: Brick
- Basement: Yes
- Basement Desc.: Sump Pump
- Foundation: Slab
- Common Walls: 1 Common Wall
- Walls/Ceilings: Dry Wall
- Entry Floor Number: 1
- Stories Description: Main
- Square Feet: 503
- Sq. Ft. Source: Estimated
- Living Area: 503 Sq. Ft.
- Finished Above Grnd: 503 Sq. Ft.
- Year Built: 1964
- Year Built Source: Assessor
- Property Condition: Very Good
Lot Features
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $198.61
- Condo Fee: $240
- Condo Fee Freq: Monthly
- Tax w/Assessment: $67,667
- Tax Amount: $1,263
- Tax Year: 2025
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Condominium
- Condo: Yes
Listed by Attorneys Advantage Realty, Ravender K Verma
Sold by Non Subscribing Office, NON MEMBER
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Schools
Schools serving 7523 Riverdale Rd #1987
School District:Prince George's County Public Schools
| Name | Grades | Distance |
|---|---|---|
Glenridge Elementary School 7200 Gallatin St, Landover Hills, MD 20784 | PK-6 | 0.6 mi |
Charles Carroll Middle School 6130 Lamont Drive, New Carrollton, MD 20784 | 6-8 | 0.7 mi |
Parkdale High School 6001 Good Luck Rd, Riverdale Park, MD 20737 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7523 Riverdale Rd #1987
Date
Details
Price
Change
Source
1/09/2026
Sold
$94,500
-5.41%
MLS
12/03/2025
Listed
$99,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7523 Riverdale Road #1987, Hyattsville, MD 20784 (MLS# MDPG2185138) is a Condo property that was sold at $94,500 on January 09, 2026. Want to learn more about 7523 Riverdale Road #1987? Do you have questions about finding other Condo real estate for sale in Hyattsville? You can browse all Hyattsville real estate or contact a Coldwell Banker agent to request more information.

