7040 Rackham Way is a 2,894 square foot townhouse on a 1,080 square foot lot with 4 bedrooms and 4.5 bathrooms. Based on Redfin's Hanover data, we estimate the home's value is $543,381.
TownhomeProperty Type
2018Year Built
1,080 sq ftLot Size
$188Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$543,381
$5,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 1.2% higher than the average sale price ($537K) of 5 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$40
$130,000 + $381,700
$511,700
2024
$40 (+166.7%)
2022
$15 (−99.8%)
$135,000 + $291,200
$426,200
2021
$6,095 (+0.9%)
2020
$6,041 (+0.4%)
2019
$6,015 (+295.6%)
$140,000 + $279,400
$419,400
2018
$1,520
$110,000
Tax history for 7040 Rackham Way
Year
Property tax
Land + Additions
Assessment*
2025
$40
$130,000 + $381,700
$511,700
2024
$40 (+166.7%)
2022
$15 (−99.8%)
$135,000 + $291,200
$426,200
2021
$6,095 (+0.9%)
2020
$6,041 (+0.4%)
2019
$6,015 (+295.6%)
$140,000 + $279,400
$419,400
2018
$1,520
$110,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
TOD
Transit Oriented Development District
The TOD District provides for the development and redevelopment of key parcels of land within 3,500 ft of a MARC Station. The TOD District is intended to encourage the development of multi-use centers combining office and high-density residential development that are located and designed for safe and convenient pedestrian access by commuters using the MARC Trains and other public transit links. For sites of least 50 acres, well-designed multi-use centers combining office, high-density residential development with a diversity of dwelling unit types, and retail uses are encouraged. The requirements of this district, in conjunction with the Route 1 Manual and the vehicular and pedestrian improvements that connect internally and with surrounding developments, will result in development that makes use of the commuting potential of the MARC system, creates attractive employment or multi-use centers, and provides for safe and convenient pedestrian travel.; Many parcels in the TOD District were developed before this district was created. It is not the intent of these requirements to disallow the continued use of sites developed prior to the TOD District. Additionally, because TOD developments are most effective when comprehensively planned for larger parcels of land surrounding a MARC Station, it is neither the intent of these requirements to encourage smaller, piecemeal TOD developments nor disallow the beneficial use of undeveloped TOD District parcels during the period of time prior to a larger TOD development being assembled. The intent of this district will be achieved by bringing sites into compliance with these requirements and the standards of the Route 1 Manual as a mix of residential and nonresidential uses are redeveloped or expanded. Certain light industrial uses or lower density residential units may also be appropriate with the mix of TOD uses if properly located so as to not overly reduce the available land area for the more dense mix of uses at the core.
Permitted uses
Include but are not limited to:
Restaurant
Housing-Single unit
Housing-Multiple units
Industrial
Flex space
Hotel / motel
Office
Research & development
Public service
Educational/school
Property details
Interior
Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 2
Heating & Cooling
Air Conditioning Type: Split System
Heating Type: Hot Air
Exterior
Exterior Information
Building Style Type: Townhouse
Building Construction Quality: Good
Exterior Wall: Frame
Building Type: Townhouse
Property Information
Subdivision Name: OXFORD SQUARE GREEN NBRHD
Living Sq. Ft: 2,654
Building Sq. Ft: 2,894
# of Stories: 4
Stories Type: 4
Legal Description: LOT 279 1,080 SQ' 7040 RACKHAM WAY OXFORD SQUARE, RSB OF PA
Parking & Garage Information
Parking Type: Built-In Garage
Garage/Parking Sq. Ft: 240
Garage / Carport Type: Built In
Lot Information
# of Buildings: 1
Land Sq. Ft: 1,080
Legal Lot Number: 279
Acres: 0.0248
Zoning Code: TOD
State Use Description: EXEMPT
Financial
Assessor Information
Assessment Year: 2026
Tax District County: 01
Public facts
Beds: 4
Baths: 4.5
Sq. Ft.: 2,894
Stories: 4.0
Parking Spaces: —
Basement: No
Accessible: No
Lot Size: 1,080 square feet
Style: Townhouse
Year Built: 2018
Year Renovated: —
County: Howard County
APN: 01 600295
HOA Dues: $185/month
Garage: Yes
Features: —
Home facts updated by owner on Jun 2, 2023
Around this home
Schools
Hanover Hills Elementary
Public PreK-5 • Assigned • 0.1mi
3/10
Thomas Viaduct Middle School
Public 6-8 • Assigned • 0.2mi
6/10
Guilford Park High
Public 9-10 • Assigned • 4.4mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 103° expected this year, 16 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Hanover, MD • 21076
Average low and high temperatures (°F)
38
23
44
28
61
39
70
48
74
56
85
66
90
72
82
64
79
62
70
48
58
40
44
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9.2 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$527,000 – $637,000
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