Severna Park, Maryland
Average Home Sizes and Asking Prices
Updated On: January 28, 2015
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Homes for Sale in Severna Park
Real Estate in Severna Park & Homes for Sale in Maryland
Severna Park is a proud, well-established community located just around the corner from everywhere and everything. The area itself occupies the central section of Anne Arundel County in the southern region of the state near Annapolis. This location offers residents endless opportunities to experience the peace and tranquility of the great outdoors, as well as the big city life of a neighboring metropolis.
Bounded by the Severn and Magothy Rivers and neighboring the Chesapeake Bay, Severna Park makes for an attractive area to establish both homes and businesses. Nearly 30,000 residents enjoy the waterfront living, benefiting from endless recreational activities, an outstanding educational system, a superior public transportation network, and a prospering local economy. The Chesapeake Bay produces more seafood— oysters, crabs, clams and finfish—than any comparable body of water. Naturally, some of the finest seafood dining in the world is always within reach.
A high quality of life awaits those who dream of a place where natural beauty, historical significance, and big city excitement conveniently blend into one. Severna Park real estate is diverse and affordable, with homes for sale and estate properties in a variety of styles and a wide range of prices. The community is primarily made up of single-family homes with 90% of them being owner-occupied. Prices range depending on location, lot size, views and amenities.
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Price Range of Severna Park Homes for Sale in Anne Arundel County
The Severna Park, Maryland, real estate market is made up of a mixture of historic homes, colonial estates and ranch-style properties as well as newer residences in contemporary and modern waterfront developments. A select few condominiums and townhouses are available. Single-family homes for sale in neighborhoods such as Buckingham Estates, Chartridge, Carrollton Manor, Round Bay View, Severndale, Stewarts Landing and others range in price from $200,000 to $500,000 and more. Large estate properties, many which include waterfront views, start at $700,000 to $2 million and more for magnificent homes for sale with large lots in developments such as Woodberry Farms, Round Bay, Swann Point Estates, Fair Oaks Smugglers Cove and Lakeland. Land lots are also available for custom building.
Severna Park Real Estate Stats and Trends for the week of January 26th, 2015: homes priced around $428,546 compared to $424,640 the previous week, for a slight increase of less than +1%. For Tuesday, January 27th, the current national mortgage rate for a 30 year fixed mortgage is 3.84%; the 15 year fixed rate is at 2.94%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.28%, while the 15 year jumbo rate currently is at 4.01%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Severna Park MD. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Severna Park to help you find the best home!