NOT LISTED FOR SALE

1011 Penny Dr Stevensville, MD 21666

Estimated Value: $3,008,000 - $3,241,092

4 Beds
6 Baths
4,500 Sq Ft
$694/Sq Ft Est. Value

Last Sold February 15, 2024

Last sale price $2,895,000 $643 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $18,605/month

Highlights

  • 250 Feet of Waterfront
  • Marina
  • Pier
  • Matapeake Elementary School Rated A-
  • 3 Dock Slips
  • Pier or Dock

About This Home

As of February 2024

Simultaneously Listed and SOLD

Last Agent to Sell the Property

Brad Kappel

(410) 279-9476 brad.kappel@sothebysrealty.com TTR Sotheby's International Realty Listed on: 01/10/2024

TTR Sotheby's International Realty

Last Buyer's Agent

Brad Kappel

(410) 279-9476 brad.kappel@sothebysrealty.com TTR Sotheby's International Realty Listed on: 01/10/2024

TTR Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,574

Year Built

  • Built in 1981 | Remodeled in 2009

Lot Details

  • 0.83 Acre Lot
  • 250 Feet of Waterfront
  • Home fronts navigable water
  • Private Beach
  • Cul-De-Sac
  • Landscaped
  • Extensive Hardscape
  • No Through Street
  • Private Lot
  • Premium Lot
  • Level Lot
  • Sprinkler System
  • Back and Front Yard
  • Property is in very good condition
  • Property is zoned NC-1

HOA Fees

  • $505 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 4 Driveway Spaces
  • Parking Storage or Cabinetry
  • Side Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Property Views

  • Bay
  • Panoramic
  • Scenic Vista
  • Garden

Home Design

  • French Architecture
  • Architectural Shingle Roof
  • Stone Siding

Interior Spaces

  • 4,500 Sq Ft Home
  • Property has 2 Levels
  • 1 Elevator
  • Open Floorplan
  • Partially Furnished
  • Built-In Features
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • 3 Fireplaces
  • Heatilator
  • Fireplace With Glass Doors
  • Screen For Fireplace
  • Awning
  • Window Treatments
  • Family Room Off Kitchen
  • Dining Area
  • Home Security System

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Butlers Pantry
  • Built-In Double Oven
  • Gas Oven or Range
  • Six Burner Stove
  • Cooktop with Range Hood
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Wine Rack
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 36 inches wide or more
  • Level Entry For Accessibility
  • Flooring Modification

Pool

  • Pool and Spa
  • Lap Pool
  • In Ground Pool
  • Heated Spa
  • Gunite Pool
  • Saltwater Pool
  • Poolside Lot

Outdoor Features

  • Pier
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Personal Watercraft
  • Waterski or Wakeboard
  • Rip-Rap
  • Swimming Allowed
  • Electric Hoist or Boat Lift
  • 3 Dock Slips
  • Physical Dock Slip Conveys
  • Lake Privileges
  • Balcony
  • Patio
  • Exterior Lighting
  • Shed
  • Outdoor Grill
  • Porch

Schools

  • Matapeake Elementary And Middle School
  • Kent Island High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Vented Exhaust Fan
  • Programmable Thermostat
  • Water Treatment System
  • Well
  • Electric Water Heater
  • Water Conditioner is Owned
  • On Site Septic
  • Septic Tank

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 1804079264

Community Details

Overview

  • $19,848 Capital Contribution Fee
  • Association fees include management, insurance, pier/dock maintenance, road maintenance, snow removal, trash, security gate, reserve funds
  • Cove Creek Club HOA
  • Cove Creek Club Subdivision, Eastern Bay Waterfront Floorplan
  • Cove Creek Club Community
  • Property Manager
  • Community Lake

Amenities

  • Picnic Area
  • Common Area
  • Gift Shop
  • Clubhouse
  • Billiard Room
  • Community Center
  • Meeting Room
  • Party Room

Recreation

  • Pier or Dock
  • Marina
  • Beach
  • Golf Club
  • Golf Course Community
  • Golf Course Membership Available
  • Tennis Courts
  • Community Basketball Court
  • Fitness Center
  • Fishing Allowed
  • Putting Green
  • Jogging Path

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,574

Year Built

Built in 1981 | Remodeled in 2009

Lot Details

0

HOA Fees

$505 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: French
  • Accessibility Features: Elevator, 36"+ Wide Halls, Flooring Mod, Level Entry - Main
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: see contract for inclusions/exclusions
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1981
  • Year Renovated: 2009
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Cooktop, Dishwasher, Exhaust Fan, Extra Refrigerator/Freezer, Freezer, Icemaker, Instant Hot Water, Oven - Double, Oven - Wall, Oven/Range - Gas, Refrigerator, Six Burner Stove, Range Hood, Water Conditioner - Owned, Built-In Microwave, Disposal, Dryer, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Hardwood, Stone
  • Interior Amenities: Breakfast Area, Butlers Pantry, Family Room Off Kitchen, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Kitchen - Eat-In, Elevator, Entry Level Bedroom, Upgraded Countertops, Primary Bath(s), Window Treatments, Floor Plan - Open, Built-Ins, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Pantry, Recessed Lighting, Skylight(s), Walk-In Closet(s), Water Treat System, Wine Storage, Wood Floors
  • Fireplace Features: Equipment, Fireplace - Glass Doors, Heatilator, Screen
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Elevators Count: 1
  • Wall Ceiling Types: 2 Story Ceilings, Cathedral Ceilings, Tray Ceilings
  • Foundation Details: Other
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 4500
  • Living Area Sq Ft: 4500
  • Price Per Sq Ft: 643.33
  • Above Grade Finished Sq Ft: 4500
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 6
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Main Level Bathrooms: 4.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Stone
  • Exterior Features: Private Beach, Bbq Grill, Awning(s), Extensive Hardscape, Exterior Lighting, Hot Tub, Secure Storage, Underground Lawn Sprinkler
  • Pool Features: Gunite, In Ground, Lap/Exercise, Pool/Spa Combo, Saltwater
  • Roof: Architectural Shingle
  • Spa Features: Heated, Private
  • Spa: Yes
  • View: Water, Bay, Panoramic, Scenic Vista, Garden/Lawn
  • Water Access Features: Boat - Powered, Canoe/Kayak, Personal Watercraft (PWC), Private Access, Swimming Allowed, Fishing Allowed, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: EASTERN BAY
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 250

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Additional Storage Area, Garage - Side Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street, Driveway, Attached Garage
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Programmable Thermostat, Zoned
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air, Programmable Thermostat, Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Private Septic Tank, On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 6060.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Club House, Common Grounds, Gated Community, Golf Club, Jog/Walk Path, Lake, Marina/Marina Club, Meeting Room, Party Room, Picnic Area, Pier/Dock, Putting Green, Tennis Courts, Water/Lake Privileges, Basketball Courts, Billiard Room, Gift Shop, Exercise Room, Golf Course Membership Available, Golf Course, Security, Community Center
  • HOA Condo Co-Op Fee Includes: Management, Insurance, Pier/Dock Maintenance, Road Maintenance, Snow Removal, Trash, Security Gate, Reserve Funds
  • HOA Name: COVE CREEK CLUB
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 19848.00

Schools

  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: MATAPEAKE
  • High School: KENT ISLAND
  • Middle Or Junior School: MATAPEAKE

Lot Info

  • Lot Features: Cul-De-Sac, Front Yard, Landscaping, Level, No Thru Street, Poolside, Premium, Private, Rear Yard, Rip-Rapped
  • Lot Size Acres: 0.83
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 36111.00
  • Outdoor Living Structures: Balcony, Patio(s), Porch(es)
  • Property Condition: Very Good
  • Zoning: NC-1
  • In City Limits: No

Rental Info

  • Furnished: Partially
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 14574.00
  • Assessor Parcel Number: 1804079264
  • Tax Lot: 58
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Waterfront Features: Private Dock Site, Rip-Rap

MLS Schools

  • School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2024
Closed on
Feb 15, 2024
Sold by
Sheffer Scott B and Sheffer Rosanna D
Bought by
Hengemihle Jerome T and Hengemihle Marian
Seller's Agent
Brad Kappel
TTR Sotheby's International Realty
Buyer's Agent
Brad Kappel
TTR Sotheby's International Realty
List Price
$2,895,000
Sold Price
$2,895,000
Views
22
Current Estimated Value
$3,124,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,023
Avg. Annual Appreciation
4.30%

Purchase Details

Listed on
Sep 5, 2022
Closed on
Oct 14, 2022
Sold by
Goldman Howard W
Bought by
Sheffer Scott B and Sheffer Rosanna D
Seller's Agent
Dee Dee McCracken
Coldwell Banker Realty
Buyer's Agent
Kevin McCracken
Coldwell Banker Realty
List Price
$2,500,000
Sold Price
$2,500,000
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.57%
Original Mortgage
$2,000,000
Interest Rate
5.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 22, 2016
Closed on
May 13, 2016
Sold by
Donnell Hilary C O
Bought by
Goldman Howard W and Goldman Bethanne M
Seller's Agent
Dee Dee McCracken
Coldwell Banker Realty
Buyer's Agent
Dee Dee McCracken
Coldwell Banker Realty
List Price
$1,850,000
Sold Price
$1,750,000
Premium/Discount to List
-$100,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$1,400,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2012
Closed on
May 3, 2012
Sold by
Zanecki V Paul V and Zanecki Melinda B
Bought by
Odonnell Michael S and Odonnell Hilary C
Seller's Agent
Candice Friday
Coastal Realty Maryland
Buyer's Agent
Candice Friday
Coastal Realty Maryland
List Price
$2,270,000
Sold Price
$1,850,000
Premium/Discount to List
-$420,000
-18.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.37%
Original Mortgage
$1,431,600
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 30, 2007
Sold by
Manfuso Yardley
Bought by
Zanecki V Paul V and Zanecki Melinda B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2007
Sold by
Manfuso Yardley
Bought by
Zanecki V Paul V and Zanecki Melinda B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hengemihle Jerome T $2,895,000 Eagle Title
Hengemihle Jerome T $2,895,000 Eagle Title
Sheffer Scott B -- Newlyn Title
Goldman Howard W $1,750,000 Title Resources Guaranty Co
Odonnell Michael S $1,789,500 Fidelity National Title Ins
Zanecki V Paul V $1,360,000 --
Manfuso Yardley -- --
Zanecki V Paul V $1,360,000 --
Manfuso Yardley -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheffer Scott B $2,000,000
Previous Owner Goldman Howard W $1,400,000
Previous Owner Odonnell Michael S $1,431,600
Previous Owner Manfuso Yardley $900,000
Previous Owner Manfuso Yardley $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2024 02/15/24 Sold $2,895,000 0.0% $643 / Sq Ft
01/10/2024 01/10/24 Pending -- -- --
01/10/2024 01/10/24 For Sale $2,895,000 +15.8% $643 / Sq Ft
10/14/2022 10/14/22 Sold $2,500,000 0.0% $556 / Sq Ft View Prior Sale
09/05/2022 09/05/22 For Sale $2,500,000 +42.9% $556 / Sq Ft
05/13/2016 05/13/16 Sold $1,750,000 -5.4% $389 / Sq Ft View Prior Sale
04/18/2016 04/18/16 Pending -- -- --
02/26/2016 02/26/16 Price Changed $1,850,000 0.0% $411 / Sq Ft
02/26/2016 02/26/16 For Sale $1,850,000 +5.7% $411 / Sq Ft
02/24/2016 02/24/16 Off Market $1,750,000 -- --
02/22/2016 02/22/16 For Sale $1,900,000 +2.7% $422 / Sq Ft
05/05/2012 05/05/12 Sold $1,850,000 -18.5% $411 / Sq Ft View Prior Sale
04/24/2012 04/24/12 For Sale $2,270,000 -- $504 / 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 $20,017 $2,118,567 $0 $0
2024 $17,325 $1,832,833 $0 $0
2023 $14,634 $1,547,100 $600,000 $947,100
2022 $14,634 $1,547,100 $600,000 $947,100
2021 $14,898 $1,547,100 $600,000 $947,100
2020 $16,589 $1,723,400 $805,000 $918,400
2019 $16,478 $1,718,033 $0 $0
2018 $16,426 $1,712,667 $0 $0
2017 $16,433 $1,707,300 $0 $0
2016 -- $1,537,633 $0 $0
2015 $6,210 $1,367,967 $0 $0
2014 $6,210 $1,198,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA2008432

Bright MLS

APN: 04-079264