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1560 Penzance Way, Hanover, MD, 21076

3beds
4baths
2,774sqft
$539,900
$195price/sqft
$3,804/moest. monthly cost
$152,160/yrincome needed

About This Home

Welcome to this spacious end-unit townhome in the desirable Villages of Dorchester! Offering approximately 2,774 square feet of living space, this home features an eight-foot bump-out, three bedrooms, two full bathrooms, and two half bathrooms. Beautiful hardwood floors flow throughout the main living areas, complemented by new carpet for a fresh, updated feel. The fully finished lower level provides flexible space for a recreation room, home office, gym, or additional living area. Additional highlights include an attached two-car garage, driveway parking, water heater replaced in 2021, and an HVAC system replaced in 2022. Conveniently located near Routes 295, 95, and 100, as well as shopping, dining, and entertainment at Arundel Mills. This home offers the space, updates, and location you have been looking for!

Getting Around

36
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Excellent
  • Year built: 2005

Materials

  • Foundation: Other
  • Construction materials: Combination

Type & Style

  • Home type: Townhouse
  • Architectural style: Colonial
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Double Oven,Refrigerator,Washer,Gas Water Heater
  • Laundry features: Lower Level,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Finished,Garage Access,Full,Connecting Stairway

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 2
  • 1/2 bathrooms: 2
  • Main level bathrooms: 1

Breakfast Room

  • Level: Main

Dining Room

  • Level: Main

Family Room

  • Level: Lower

Features

  • Soaking Tub,Bathroom - Stall Shower,Breakfast Area,Ceiling Fan(s),Combination Kitchen/Living,Dining Area,Kitchen Island,Walk-In Closet(s)
  • Flooring: Hardwood,Carpet,Wood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,774

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 2,774
  • Total interior livable area: 2,774 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Lower

Living Room

  • Level: Main

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 020488490218371
  • Zoning: R5
  • Special condition: Standard

Features

  • Levels: Three
  • Stories: 3
  • Pool features: Community

Lot

  • Lot size: 1,742 sqft

Parking

  • Total spaces: 4
  • Parking features: Garage Faces Front,Driveway,Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

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

  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Tsunami

FEMA Declared Disasters Across Maryland Counties

Winter Storm

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

MonthlyAnnual
Mortgage $2,730$32,760
Home Insurance *$112$1,344
Property Taxes $609$7,308
Electricity $353$4,241
Total$3,804$45,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$130,422/yr
40% on housing$114,120/yr
45% on housing$101,440/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

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.

Insurance Growth Rate5-year average: 9.3%
9.3%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$195This listing

vs Other Active Listings

Avg $/sqft

ZIP 21076$233
Anne Arundel County$251

vs Homes Sold Last Month

Median $/sqft

ZIP 21076$245
Anne Arundel County$262

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)

Price History

DateEventPrice
2026-07-29Listed for sale$539,900
2005-04-01Sold$429,432

For Sale by Agent

AgentBecky Forrester
BrokerageKeller Williams Gateway LLC

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