SOLD | 18 Finished Single-family Lots | Waldorf, MD
Price: $83,000 per lot
Address: McDaniel Road
County: Charles County
Maryland Land Advisors is pleased to offer for sale 18 finished single-family lots, comprising Phase IV of Central Parke at Colonial Charles, an age-restricted, ±350-dwelling-unit community, located off McDaniel Road in Waldorf, Charles County, Maryland. The 18 lots are expected to be ready for delivery in late summer of 2016.
Phase IV of Central Parke at Colonial Charles will be served by a home owners association (HOA), offering maintenance-free living (lawn mowing and snow removal) with fees that have remained at $250.00 per month since 2011. In addition to the HOA fee, there is an annual front foot benefit fee of $800.
As an amenity of the 55+ community, the HOA offers residents a clubhouse featuring a ballroom, catering kitchen, indoor and outdoor pools, a fitness center, locker rooms, and sauna. The grounds include scenic lakes and walking trails. (Copies of the community constitution and bylaws are available for download on MarylandLand.com.) The elevations for any homes built would need to be approved by the Architectural Committee of the HOA.
Other phases of Central Parke at Colonial Charles have been developed by Ryan Homes, whose product includes both villas and single-family homes. Ryan's current absorption rate in Phase III is four to six units per month. Single-family homes are priced at $380,000.
In addition to Phase IV, the seller will soon be in a position to consider offers on the Belle Alliance tract – an existing entitled ±217-unit parcel. The seller is currently reengineering the parcel, and expects to have a less-dense new preliminary configuration by August 2016. Please treat each parcel (Phase IV and the Belle Alliance tract) separately in any inquiries or submission(s). Additional information on Belle Alliance will be available in late summer.
The offering is priced at $83,000 per lot, plus a 3% buyer's premium, payable to brokerage.
Site Report -- Colonial Charles
Offering Package -- Colonial Charles