$374,500

Unique opportunity to own a 1+ acre buildable lot in the heart of Severna Park without HOA restrictions. The main value of this property is in the land. Set in close vicinity to $1M+ homes, the lot is a great setting for a private residence with plenty of room for detached accessory structures (garage, workshop, sheds) and parking of RVs, boat/trailers. A multi-site perc test has been completed which meets Anne Arundel County permitting requirements for construction of a new, large single-family home (3,500+ square feet). The current residential structure is habitable and presently tenant-occupied on a month-to-month lease, but the house is quite old and near the end of its useful life. The lot is zoned R2, so there is also potential to develop the property into a 2-lot subdivision. A full boundary survey is available upon request. Streamlined construction financing to permanent financing to build your dream home is available with as low as a 5% down payment.