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Myrtle Avenue, Laurel, MD 20724
$2,500,000
Myrtle Avenue, Laurel, MD 20724View this property at Myrtle Avenue, Laurel, MD 20724
Myrtle AvenueLaurelMD20724
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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.
Full Property Details
Full Property Details for Myrtle Ave
General
- Price: $2,500,000
- Taxes: $11,612 (2024)
- Status: Active
- Type: Lots/Land
- MLS ID: MDAA2078858
- Updated: 2/29/2024
- Added to Site: 58 day(s) ago
Location
- County: Anne Arundel
- Driving Directions: Located adjecent to Watershed community. No access available without owner and/or listing agent.
School Information
- School District: Anne Arundel County Public Schools
- Elementary School: Maryland City
- Middle School: Macarthur
- High School: Meade
Utilities
- Sewer: No Sewer System
- Water: None
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Land/Lot Only
Lot Features
- Lot Size (Acres): 10
- Lot Size (Sq. Ft.): 435,600
- Lot Size Source: Assessor
- Zoning: MXD-R
Financial Considerations
- Price Per Sq. Ft.: $5.74
- Tax w/Assessment: $1,068,400
- Tax Amount: $11,612
- Tax Year: 2024
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
Listed by HomeSource Pro Real Estate, Joshua Mast
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Price & Sales History for Myrtle Ave
Date
Details
Price
Change
Source
2/29/2024
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for Myrtle Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,441
5%
$406,667
—
2022
$4,239
5%
$405,600
—
2018
$4,044
-19%
$405,600
—
2021
$4,987
-4%
$405,600
-4%
2020
$5,171
9%
$423,700
6%
2019
$4,743
5%
$398,767
7%
2018
$4,509
5%
$373,833
7%
2017
$4,283
2%
$348,900
1%
2016
$4,195
2%
$347,100
1%
2015
$4,125
3%
$345,300
1%
2014
$4,010
—
$343,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Myrtle Ave
Myrtle Avenue, Laurel, MD 20724 (MLS# MDAA2078858) is a Lots/Land property with a lot size of 10.00 acres. Myrtle Avenue is currently listed for $2,500,000 and was received on February 29, 2024. Want to learn more about Myrtle Avenue? Do you have questions about finding other Lots/Land real estate for sale in Laurel? You can browse all Laurel real estate or contact a Coldwell Banker agent to request more information.