Marlboro Meadows is an older neighborhood in Upper Marlboro, MD.
Located at the intersection of Route 301 and Village Drive, the Marlboro Meadows neighborhood had 39 homes that sold in 2020.
The median vs. average sold price was $308K-$315K, respectively. Most homeowners sold their properties for full asking price after an average of 32 days on the market. The top selling price was $385K for a 4 bedroom remodeled Split Foyer style home as noted in the photo.
Two homes were sold as “short sales” and only one home sold as a foreclosure. All other homes in Marlboro Meadows sold as “standard sales” indicating seller equity.
The average age of homes here is 42 years. The Split-Foyer and Colonial style homes have basements and were built between 1969 and 1997. Most are all-brick, have original hardwood floors and were built solid. Many sellers made many upgrades to their property to gain top-dollar before selling.
If you are a Buyer looking to purchase a home in Marlboro Meadows, your mortgage payment on a $315K home would cost you around $2,060 per month if you put down $11,000 towards the purchase.
If you plan to sell your home next year in 2021, you can expect a gain of up to an additional 3% as compared to the 2020 selling prices.
If you are thinking of buying or selling in the Upper Marlboro area give me a call at 240-535-1855.