NOT LISTED FOR SALE

1002 Melvin Rd Annapolis, MD 21403

Estimated Value: $3,068,000 - $7,013,000

4 Beds
7 Baths
2,663 Sq Ft
$1,747/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $5,395,000 $2,026 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $26,116/month

Highlights

  • Water Views
  • Home fronts navigable water
  • Private Pool
  • Hillsmere Elementary School Rated 9+
  • Water Access
  • 1.22 Acre Lot

About This Home

As of July 2020

One of the finest Annapolis waterfront locations! Stunning 1.22 acre site on private Melvin Point with magnificent panoramic views of the South River and 322 feet of water frontage, extensive rip-wrap. Enjoy the water from the private 110 pier. Complete renovation of older waterfront home in process with delivery in late 2020. Includes new 2 car garage with bedroom and bath above it, refurbished pool, fire pit and hardscape. PRIVATE ROAD. Do not enter without listing agent permission.

Last Agent to Sell the Property

Georgie Berkinshaw

(443) 994-4456 gabopf@aol.com Coldwell Banker Realty License #89112 Listed on: 05/30/2020

Coldwell Banker Realty

Last Buyer's Agent

Pamela Tierney

(443) 822-9079 ptierney@lnf.com Coldwell Banker Realty License #585041

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,146

Year Built

  • Built in 1993

Lot Details

  • 1.22 Acre Lot
  • Home fronts navigable water
  • Extensive Hardscape
  • Property is zoned R1

Parking

  • 2 Car Detached Garage
  • Side Facing Garage

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,663 Sq Ft Home
  • Property has 2 Levels
  • 1 Fireplace
  • Water Views
  • Basement

Bedrooms and Bathrooms

Outdoor Features

  • Private Pool
  • Water Access
  • River Nearby
  • Rip-Rap

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Septic Tank
  • Community Sewer or Septic

Community Details

  • No Home Owners Association
  • Melvin Point Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 020200090048646

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,146

Year Built

Built in 1993

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Craftsman
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1993
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Levels Count: 2
  • Basement: Yes
  • Total Sq Ft: 2663
  • Living Area Sq Ft: 2663
  • Price Per Sq Ft: 2025.91
  • Above Grade Finished Sq Ft: 2663
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 2
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 2.00
  • Lower Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Extensive Hardscape
  • View: Water
  • Water Access: Yes
  • Water Body Name: South River
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 450600.00
  • Land Assessed Value: 1158600.00
  • Lot Features: Rip-Rapped
  • Lot Size Acres: 1.22
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 53143.00
  • Zoning: R1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15168206
  • Tax Annual Amount: 17146.00
  • Assessor Parcel Number: 020200090048646
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2020
Closed on
Jul 10, 2020
Sold by
Vb3 Llc
Bought by
Paucek Christopher J and Paucek Gabrielle S
Seller's Agent
Georgie Berkinshaw
Coldwell Banker Realty
Buyer's Agent
Pamela Tierney
Coldwell Banker Realty
List Price
$5,395,000
Sold Price
$5,395,000
Current Estimated Value
$4,652,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$742,929
Avg. Annual Appreciation
-2.76%

Purchase Details

Listed on
Mar 12, 2019
Closed on
Sep 10, 2019
Sold by
Posner Robert I
Bought by
Vb3 Llc
Seller's Agent
Georgie Berkinshaw
Coldwell Banker Realty
Buyer's Agent
Georgie Berkinshaw
Coldwell Banker Realty
List Price
$3,150,000
Sold Price
$3,350,000
Premium/Discount to List
$200,000
6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
77.56%
Original Mortgage
$3,230,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2017
Sold by
Posner Robert and Posner Sharon
Bought by
Posner Robert

Purchase Details

Closed on
Feb 20, 2007
Sold by
Maitl Jennifer F
Bought by
Posner Robert I and Roberts Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2007
Sold by
Maitl Jennifer F
Bought by
Posner Robert I and Roberts Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2006
Sold by
Maitl James R
Bought by
Maitland Jennifer F

Purchase Details

Closed on
Nov 21, 2005
Sold by
Maitl James R
Bought by
Maitland Jennifer F

Purchase Details

Closed on
Feb 2, 2004
Sold by
Olmert Anthony B
Bought by
Maitland James R and Maitland Jennifer F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Paucek Christopher J $4,618,356 Mid Maryland Title Co Inc
Vb3 Llc $3,350,000 Premium Title & Escrow Llc
Posner Robert -- None Available
Posner Robert I $3,000,000 --
Posner Robert I $3,000,000 --
Maitland Jennifer F -- --
Maitland Jennifer F -- --
Maitland James R $2,995,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vb3 Llc $3,230,000
Previous Owner Posner Robert I $2,400,000
Previous Owner Posner Robert I $2,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2020 07/10/20 Sold $5,395,000 0.0% $2,026 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
05/30/2020 05/30/20 For Sale $5,395,000 +61.0% $2,026 / Sq Ft
09/11/2019 09/11/19 Sold $3,350,000 +3.1% $1,258 / Sq Ft View Prior Sale
08/29/2019 08/29/19 Price Changed $3,250,000 +3.2% $1,220 / Sq Ft
03/12/2019 03/12/19 For Sale $3,150,000 -- $1,183 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $21,190 $2,227,033 -- --
2024 $21,190 $1,874,767 $0 $0
2023 $17,253 $1,522,500 $1,065,600 $456,900
2022 $16,490 $1,522,500 $1,065,600 $456,900
2021 $32,979 $1,522,500 $1,065,600 $456,900
2020 $17,369 $1,609,200 $1,158,600 $450,600
2019 $17,385 $1,609,200 $1,158,600 $450,600
2018 $16,317 $1,609,200 $1,158,600 $450,600
2017 $17,616 $1,663,900 $0 $0
2016 -- $1,663,900 $0 $0
2015 -- $1,663,900 $0 $0
2014 -- $1,872,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA435434

Bright MLS

APN: 02-000-90048646