NOT LISTED FOR SALE

108 Magnolia Ln Annapolis, MD 21403

Estimated Value: $606,000 - $722,000

5 Beds
2 Baths
2,373 Sq Ft
$288/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $380,000 $160 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $4,080/month

24 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • Canoe or Kayak Water Access
  • Hillsmere Elementary School Rated 9+
  • Home fronts navigable water
  • Second Kitchen

About This Home

As of July 2020

Here's the Beach House You've Been Looking for! Very Nice Rancher in Sought After Hillsmere Shores Waterfront Community! Over 2000 sq ft of Finished Living Space on Almost a Half an Acre Lot. Many Updates Including Hardwood Floors Throughout Main Level, Ceramic Tile in Basement, and Bathrooms, Windows, Six Panel Doors, Paint, Heat Pump and AC Unit in Basement. Open Floor Plan with Big Living Room, Huge Kitchen with Island, Breakfast Nook and Porcelain Ceramic Flooring. Large Master Bedroom with Hardwood Flooring.. Finished Basement with Family Room, Two Bedrooms, Bathroom and Can be Used as In-Law Suite with a Full Kitchen and Separate Side Entrance. Enjoy Your Summer Days in Your Big Backyard Oasis Featuring an In Ground Pool and Custom Sundeck! Community Amenities Include Beach, Marina, Tot Lots, Kayak Racks, Boat Ramps, Picnic Area and Pavilions. Close to Downtown Annapolis, Schools, Parks Shopping and Restaurants.

Last Agent to Sell the Property

Jim Rambo

(410) 533-9520 jimrambo@abr-i.com ABR Listed on: 05/04/2020

Last Buyer's Agent

Kaitlin Arnold

(240) 463-2994 fish4realestate@gmail.com Blackwell Real Estate, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,737

Year Built

  • Built in 1971

Lot Details

  • 0.41 Acre Lot
  • Home fronts navigable water
  • Landscaped
  • Cleared Lot
  • Back and Front Yard
  • Property is in very good condition
  • Property is zoned R2

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Rambler Architecture
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Replacement Windows
  • Vinyl Clad Windows
  • Window Screens
  • Six Panel Doors
  • Storm Doors

Kitchen

  • Eat-In Country Kitchen
  • Second Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Range Hood
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-in Shower

Laundry

  • Electric Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Interior and Side Basement Entry
  • Laundry in Basement

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces
  • Gravel Driveway
  • On-Street Parking

Outdoor Features

  • Private Pool
  • Canoe or Kayak Water Access
  • Private Water Access
  • River Nearby
  • Sail
  • Swimming Allowed
  • Powered Boats Permitted
  • Lake Privileges
  • Deck
  • Shed

Schools

  • Hillsmere Elementary School
  • Annapolis Middle School
  • Annapolis High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Heat Pump System
  • Water Treatment System
  • Well
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 020241209287915

Community Details

Overview

  • Hillsmere Shores Improvement Assoc HOA
  • Hillsmere Estates Subdivision

Recreation

  • Boat Ramp
  • Pier or Dock
  • 4 Community Docks
  • Marina
  • Beach
  • Community Playground
  • Community Pool
  • Pool Membership Available
  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,737

Year Built

Built in 1971

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main
  • Federal Flood Zone: No
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Oven/Range - Electric, Dishwasher, Extra Refrigerator/Freezer, Range Hood, Washer, Dryer - Electric
  • Flooring Type: Hardwood, Ceramic Tile
  • Interior Amenities: 2nd Kitchen, Breakfast Area, Ceiling Fan(s), Floor Plan - Open, Kitchen - Country, Kitchen - Island, Kitchen - Table Space, Stall Shower, Upgraded Countertops, Water Treat System
  • Window Features: Double Pane, Replacement, Vinyl Clad, Screens
  • Door Features: Six Panel, Storm
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Fully Finished, Heated, Interior Access, Outside Entrance, Side Entrance
  • Laundry Type: Basement
  • Total Sq Ft: 2603
  • Living Area Sq Ft: 2373
  • Price Per Sq Ft: 234.07
  • Above Grade Finished Sq Ft: 1623
  • Below Grade Finished Sq Ft: 750
  • Below Grade Sq Ft: 230
  • Total Below Grade Sq Ft: 980
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • All Lower Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding
  • Exterior Features: Secure Storage, Sidewalks
  • Roof: Asphalt, Shingle
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Swimming Allowed, Sail, Private Access
  • Water Access: Yes
  • Water Body Name: South River
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Personal, Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 3

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s), Multi Units
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 20.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Boat Ramp, Pier/Dock, Pool Mem Avail, Tot Lots/Playground, Water/Lake Privileges, Marina/Marina Club
  • HOA Name: HILLSMERE SHORES IMPROVEMENT ASSOC
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: HILLSMERE
  • High School: ANNAPOLIS
  • Middle Or Junior School: ANNAPOLIS

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 168900.00
  • Land Assessed Value: 261000.00
  • Lot Features: Cleared, Front Yard, Landscaping, Rear Yard
  • Lot Size Acres: 0.41
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17675.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Zoning: R2
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15182354
  • Tax Annual Amount: 4737.00
  • Assessor Parcel Number: 020241209287915
  • Tax Lot: 14
  • 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 4, 2020
Closed on
Jul 10, 2020
Sold by
Roser Richard D and Roser Courtney
Bought by
Lucas Reid
Seller's Agent
Jim Rambo
ABR
Buyer's Agent
Kaitlin Arnold
Blackwell Real Estate, LLC
List Price
$399,900
Sold Price
$380,000
Premium/Discount to List
-$19,900
-4.98%
Current Estimated Value
$684,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,424
Avg. Annual Appreciation
11.51%
Original Mortgage
$304,000
Outstanding Balance
$270,067
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$414,357

Purchase Details

Closed on
May 18, 2004
Sold by
H & R Investors Llc
Bought by
Roser Richard D and Roser Courtney

Purchase Details

Closed on
Jan 23, 2004
Sold by
Finkle Norman J
Bought by
H & R Investors Llc

Purchase Details

Closed on
Apr 19, 2001
Sold by
Secretary Of Housing & Urban Dev
Bought by
Finkle Norman J

Purchase Details

Closed on
Dec 1, 2000
Sold by
Termin Danny R
Bought by
Secretary Of Housing & Urban Dev

Purchase Details

Closed on
May 17, 1999
Sold by
Termin Danny R
Bought by
Termin Danny R and Termin Carole M

Purchase Details

Closed on
Jun 9, 1998
Sold by
White Robert A
Bought by
Termin Danny R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lucas Reid $380,000 Universal Title
Roser Richard D $338,000 --
H & R Investors Llc $280,000 --
Finkle Norman J $170,000 --
Secretary Of Housing & Urban Dev $174,000 --
Termin Danny R -- --
Termin Danny R $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucas Reid $304,000
Closed Termin Danny R --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2020 07/10/20 Sold $380,000 0.0% $160 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
05/21/2020 05/21/20 Price Changed $379,900 -5.0% $160 / Sq Ft
05/04/2020 05/04/20 For Sale $399,900 -- $169 / 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 $5,690 $500,733 -- --
2024 $5,690 $470,367 $0 $0
2023 $5,528 $440,000 $261,000 $179,000
2022 $5,242 $436,633 $0 $0
2021 $10,414 $433,267 $0 $0
2020 $5,133 $429,900 $261,000 $168,900
2019 $5,076 $424,000 $0 $0
2018 $4,240 $418,100 $0 $0
2017 $4,671 $412,200 $0 $0
2016 -- $392,567 $0 $0
2015 -- $372,933 $0 $0
2014 -- $353,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA432876

Bright MLS

APN: 02-412-09287915