7143 Race Rd, Hanover, MD, 21076
About This Home
A rare opportunity with endless potential! Nestled on 2 private, wooded acres, this unique rancher offers the perfect blend of peaceful seclusion and exceptional convenience to major commuter routes, BWI Airport, Arundel Mills and Ft Meade. The home features 3 bedrooms, 2 full bathrooms, an attached one-car garage, a finished lower level, and an abundance of storage throughout. Outside, you’ll find an impressive 24x44 oversized detached garage/workshop complete with its own full bathroom—an incredible space for hobbyists, contractors, car enthusiasts, or anyone needing a serious workspace. What truly sets this property apart is its W-1 (Industrial Park District) zoning. While the property has always been used as a residence, the zoning may provide unique opportunities for investors, entrepreneurs, or business owners seeking a live/work environment or commercial possibilities. Buyers should verify all permitted uses with Anne Arundel County. With extensive parking, a private setting surrounded by nature, and incredible flexibility, this one-of-a-kind property offers possibilities rarely found in today’s market. Whether you’re searching for a private residence, an exceptional workshop, investment potential, or a property that can accommodate your business vision, 7143 Race Road is ready to inspire your next chapter.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1985
Materials
- Foundation: Block
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch/Rambler
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater
Basement
- Area: 1500
Basement
- Has basement: Yes
- Basement: Partially Finished
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 3
Features
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 600
- Finished area above ground: 1,800
Heating & Cooling
- Heating features: Heat Pump,Electric,Wood
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 3,300
- Total interior livable area: 2,400 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 020500090037062
- Zoning: W1
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Lot size: 2.01 Acres
Parking
- Total spaces: 7
- Parking features: Garage Faces Front,Paved,Private,Driveway,Attached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
- Uncovered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Hurricane
- Lightning
- Strong Wind
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maryland Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,028 | $36,336 |
| Home Insurance * | $125 | $1,500 |
| Property Taxes | $395 | $4,740 |
| Electricity | $305 | $3,669 |
| Total | $3,853 | $46,236 |
Income You'd Need if You Spent...
Maryland FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-07 | Pending sale | $599,000 |
| 2026-07-24 | Listed for sale | $599,000 |
| 2025-12-27 | Listing removed | $600,000 |
| 2025-08-29 | Price change | $600,000 |
| 2025-07-30 | Price change | $625,000 |
| 2025-06-18 | Price change | $650,000 |
| 2025-05-27 | Price change | $675,000 |
| 2025-05-09 | Listed for sale | $700,000 |
| 2025-04-29 | Listing removed | $730,000 |
| 2025-02-27 | Listed for sale | $730,000 |
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