1987/7523 Riverdale Road

New Carrollton MD 20784

503 sq. ft.

Condo

Last sold for $94,500

Ravender Verma, last sold this property on 09 January 2026 after 845 days on market.

Overview

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.

Features

1 bathroom

503 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar condos sold in New Carrollton over the last 12 months, the estimated median property value of 1987/7523 Riverdale Road is $132k.

Median value

$132k

Estimated value range

$94.5k - $365k

Median days on market

Estimated value trend

-16%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in New Carrollton. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1987/7523 Riverdale Road

2026

Sold

$94,500

09 Jan 2026 by Ravender Verma, of Attorneys Advantage Realty

2023

Rented

Undisclosed

29 Sep 2023 by Attorneys Advantage Realty

Happy sellers in New Carrollton

We have insufficient information to provide an overview of customer satisfaction for New Carrollton. Viewing the agent profiles, reviews and sales for New Carrollton can provide insights for this location.