New Carrollton MD Homes For Sale
Just about eight miles northeast of Washington DC is the City of New Carrollton, Maryland. This transit-friendly suburb in Prince George's County lies inside a convenient transit triangle, bordered by the Capital Beltway to the east, with U.S. Route 50 to the south and the the I-295 to the west. While only covering 1.5 square miles of land, this small city is home to 12,135 residents. Like many parts of the Washington metropolitan area, the land now known as New Carrollton was developed in the modern era but has a lot of history. In this case, it's more than a little convoluted. For more information about New Carrollton MD homes for sale, call us today at (202) 709-9222.
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In the 1600's, Ninian Beall earned passage to the colonies as an indentured servant. By the time of his death at the age of 92, Beall owned 13,000 acres of marshy land known as Terrapin Thicket for its turtle population. By the Civil War, much of the land was owned by the Becket and Lanham families who found themselves on opposite sides of the conflict. In 1920, Edward L. Mahoney bought a 300 acre parcel and began breeding race horses. In 1939 he turned his track into the Old Lanham Speedway, a midget and stock car oval. Racing continued until 1954 at which point developer Albert Turner happened to be angling for a city charter for an unbuilt city. Seeking a prestigious name for his enterprise, he consulted a history book and found Charles Carrollton of Carrollton, a Maryland landowner and signer of the Declaration of Independence. The final piece fell into place when stock car king Mahoney died in 1957. Turner bought the estate and began to build.
So what's the city like today? Both affordable and commuter friendly. Houses in New Carrollton look as you'd expect for a community that came of age in the late 1950's - Ranchers and Ramblers and various types of Split-levels. Turner and his business partners built fast once they got their ducks in a row and didn't stop until their 1.5 square miles were efficiently populated with modest homes on hilly tree-lined streets. There are also some newer contemporary Colonial style homes. Properties are 77% single-family homes with 22% condos, the majority of which are in larger apartment-style buildings on the city's southern border. The median home value for all properties was around $285,000 at the end of 2016. Prices have been rebounding in recent years after a lengthy decline initiated by national mortgage and banking crisis.
While chiefly a residential community, there is a commercial district in New Carrollton, centered on Annapolis Boulevard and including a number of popular restaurants as well as a Starbucks Coffee. In addition to the Capital Beltway and other major arteries, residents also have the convenience of the New Carrollton Metro station. Members of the community can enjoy outdoor activities at the aptly named New Carrollton Park and the New Carrollton Recreation Center which are only about a half-mile apart. Other amenities can be found in neighboring communities such as Lanham to the immediate east, a town that shares a common early history. In short, New Carrollton offers under priced homes, rising property values and commuter convenience.
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2018.
Listing information last updated on October 16th, 2018 at 9:04am EDT.