College Park Homes under $500,000

College Park Homes under $500,000

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Newest College Park Homes under $500,000

4606 Drexel Rd, College Park
$451,500
3 Beds ⋅ 1 Baths
Put down roots in Calvert Hills! This three-bedroom detached home offers an opportunity to own in an established College Park neighborhood with walkable conveniences, nearby transit and a community worth getting to know. Enjoy a quiet residential setting, your own yard and a detached two-car garage, with shopping, dining and recreation close by. Walk to Trader Joe’s, Whole Foods and local restaurants, or head out for a ride along the Rhode Island Avenue Trolley Trail. College Park–UMD Metro is a short bike ride away using the nearby Trolley Trail and Calvert Road connection, making commuting into Washington convenient without starting your trip in a car. The University of Maryland, Riverdale Park Station and the area’s network of recreational trails add even more to explore. Life here extends beyond your front door. From College Park Day and Friday Night LIVE! concerts to farmers markets, local arts activities and seasonal celebrations, there are plenty of opportunities to meet neighbors and become part of the community. With nearby homes on Drexel and Amherst roads having sold for more than $650,000, this home offers a more accessible entry into a desirable neighborhood. Offered at a reduced purchase price through the Community Preservation Trust, it is an inviting opportunity for eligible buyers looking for their first home or a lasting place in College Park. Work full-time in College Park or the Discovery District? You may also qualify for Live+Work College Park assistance toward your down payment and closing costs: $20,000 for eligible applicants or $35,000 for income-qualified applicants. Assistance is provided through a zero-interest, seven-year forgivable loan, subject to program approval and funding availability. Buyers must qualify for the College Park City-University Partnership’s Community Preservation Trust program. Eligible buyers must have household income at or below 140% of the area’s Median Family Income, adjusted for household size, use the home as their primary residence and complete homebuyer education. A monthly Trust fee and resale requirements apply to preserve long-term affordability. The Trust team can guide you through the program and connect you with experienced lenders and title professionals. Contact the listing agent to explore eligibility, available assistance and this rare opportunity to own a turnkey home in Calvert Hills for $451,500.

4606 Drexel Rd, College Park

Listing courtesy of EXP Realty, LLC. Contact:

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