Seller's Agent in 2020
Brent Allen
Long & Foster
(410) 349-7764
5 in this area
81 Total Sales
1001 Forest Dr Arnold, MD 21012
Estimated Value: $721,000 - $959,000
1
Bed
1
Bath
1,089
Sq Ft
$760/Sq Ft
Est. Value
Highlights
- 79 Feet of Waterfront
- 2 Dock Slips
- Pier
- Magothy River Middle School Rated A-
- Beach
- Pier or Dock
About This Home
As of January 2020Waterfront living just minutes from downtown Annapolis and the Bay Bridge. This charming single family one bedroom cottage offers a variety of water-views that span from the open waters of the Magothy River, to the shores of Gibson Island and continue on to the protected waters of Lake Placid. Bring your boat and tie up to your own private floating pier with two slips each offering 4+ MLW. Boaters will appreciate the convenient location being just minutes to waterside restaurants and the mouth of the Magothy River. Enjoy this quaint cottage as-is or take advantage of the possibilities that this waterfront property offers and build the home of your dreams. Located steps from the Shore Acres private gated community beach which offers community members access to picnic tables, Adirondack chairs along the sandy beach, a Kayak rack, and a boat ramp. Public Open House(s) have been canceled.
Last Agent to Sell the Property
(410) 349-7764 brentjallen@gmail.com Long & Foster Real Estate, Inc. License #37300 Listed on: 12/30/2019
Co-Listed By
(418) 263-3400 erin.montgomery@lnf.com Long & Foster Real Estate, Inc. License #660103
Last Buyer's Agent
(301) 318-0022 rbriggs@briggsteam.com Anne Arundel Properties, Inc. License #530145
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,139
Year Built
- Built in 1900
Lot Details
- 8,699 Sq Ft Lot
- 79 Feet of Waterfront
- Home fronts navigable water
- North Facing Home
- Three Parcels in total. District 03, Subdivision 749, and Account Numbers: 90029599; 90029600; 90065528
- Property is in very good condition
Parking
- Gravel Driveway
Property Views
- River
- Lake
Home Design
- Coastal Architecture
- Cottage
- Asphalt Roof
- Cedar
Interior Spaces
- 1,089 Sq Ft Home
- Property has 1.5 Levels
- Open Floorplan
- Ceiling Fan
- Skylights
- Recessed Lighting
- Wood Burning Fireplace
- Stone Fireplace
- Double Pane Windows
- Window Screens
- Combination Kitchen and Dining Room
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
Flooring
- Laminate
- Tile or Brick
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Laundry on main level
- Front Loading Dryer
- Front Loading Washer
Outdoor Features
- Pier
- Canoe or Kayak Water Access
- Private Water Access
- Property is near a lake
- Personal Watercraft
- Waterski or Wakeboard
- Sail
- Swimming Allowed
- 2 Dock Slips
- Physical Dock Slip Conveys
- Dock made with Treated Lumber
- Stream or River on Lot
- 2 Powered Boats Permitted
- 2 Non-Powered Boats Permitted
- Lake Privileges
- Balcony
- Deck
- Patio
- Shed
Location
- Flood Risk
Schools
- Broadneck Elementary School
- Magothy River Middle School
- Broadneck High School
Utilities
- Multiple cooling system units
- Ductless Heating Or Cooling System
- Forced Air Heating System
- Heat Pump System
- Programmable Thermostat
- Well
- Electric Water Heater
- Water Conditioner is Owned
- On Site Septic
- Fiber Optics Available
- Cable TV Available
Community Details
Overview
- No Home Owners Association
- Shore Acres Subdivision
Amenities
- Picnic Area
- Common Area
Recreation
- Pier or Dock
- 1 Community Docks
- Beach
- Community Playground
- Fishing Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 30, 2019
Closed on
Jan 31, 2020
Sold by
Schultz Peter G and Schultz Peter
Bought by
Adler Randy and Adler Laura J
Seller's Agent
Brent Allen
Long & Foster Real Estate, Inc.
Buyer's Agent
Ryan Briggs
Anne Arundel Properties, Inc.
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,288
Avg. Annual Appreciation
7.37%
Original Mortgage
$440,000
Outstanding Balance
$389,589
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$437,699
Purchase Details
Closed on
Aug 25, 2011
Sold by
Schultz Bill
Bought by
Schultz Peter G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,700
Interest Rate
4.58%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 29, 2009
Sold by
Smith Heidi E
Bought by
Wells Fargo Bank
Purchase Details
Closed on
Aug 9, 2005
Sold by
Wehrs David W
Bought by
Smith Heidi E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
7.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Mar 29, 2004
Sold by
Silverfox Homes Of Distinction
Bought by
Silverfox Homes Of Distinciton Inc
Purchase Details
Closed on
Jul 10, 2002
Sold by
Thomas Kent
Bought by
Silverfox Homes Of Distinction
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Adler Randy | $550,000 | Velocity National Ttl Co Llc | |
| Schultz Peter G | -- | None Available | |
| Wells Fargo Bank | $335,149 | -- | |
| Smith Heidi E | $635,000 | -- | |
| Silverfox Homes Of Distinciton Inc | -- | -- | |
| Silverfox Homes Of Distinction | $486,250 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Adler Randy | $440,000 | |
| Previous Owner | Schultz Peter G | $283,700 | |
| Previous Owner | Smith Heidi E | $635,000 | |
| Closed | Silverfox Homes Of Distinction | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2020 01/31/20 | Sold | $550,000 | +10.2% | $505 / Sq Ft |
| 12/30/2019 12/30/19 | For Sale | $499,000 | -- | $458 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,721 | $630,867 | -- | -- |
| 2024 | $6,721 | $562,400 | $412,900 | $149,500 |
| 2023 | $6,418 | $538,833 | $0 | $0 |
| 2022 | $5,875 | $515,267 | $0 | $0 |
| 2021 | $11,257 | $491,700 | $412,900 | $78,800 |
| 2020 | $5,491 | $482,167 | $0 | $0 |
| 2019 | $5,396 | $472,633 | $0 | $0 |
| 2018 | $4,696 | $463,100 | $362,100 | $101,000 |
| 2017 | $4,358 | $422,133 | $0 | $0 |
| 2016 | -- | $381,167 | $0 | $0 |
| 2015 | -- | $340,200 | $0 | $0 |
| 2014 | -- | $340,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brent Allen
-
Erin Montgomery
Seller Co-Listing Agent in 2020
Erin Montgomery
Long & Foster
(418) 263-3400
1 in this area
10 Total Sales
-
Ryan Briggs
Buyer's Agent in 2020
Ryan Briggs
Anne Arundel Properties, Inc.
(301) 318-0022
15 in this area
252 Total Sales
Map
Source: Bright MLS
MLS Number: MDAA420998
APN: 03-749-90029600
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