NOT LISTED FOR SALE

1080 Rimrock Rd Lusby, MD 20657

Estimated Value: $342,000 - $352,000

4 Beds
2 Baths
1,106 Sq Ft
$315/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $316,000 $286 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,178/month

3 Days on Market

Highlights

  • New Construction
  • Central Air
  • Heat Pump System
  • Rambler Architecture
  • Property is in excellent condition

About This Home

As of October 2023

Welcome to your dream home in the highly sought-after Chesapeake Ranch Estates community! This brand-new, stunning 4-bedroom, 2-full bathroom home is a masterpiece of design and craftsmanship. Nestled in a vibrant community, you'll enjoy a serene and active lifestyle surrounded by many amenities.

KEY FEATURES:

Bedrooms: 4
Bathrooms: 2 full
Location: Chesapeake Ranch Estates
Community Amenities:
Access to Lake Lariat
Proximity to a small airport
Clubhouse
Campgrounds
Hiking trails
Calvert Cliffs
Sandy beaches
Horseshoe pits
Designer Finishes: Hand-picked for elegance and style
Nearby Attractions: Minutes away from Solomon's Island, a historic waterside town
Convenient Access: Close to Washington, D.C., and Pax River
Property Description:

As you enter this modern and spacious home, you'll be greeted by an open floor plan filled with natural light. The living area is perfect for family gatherings and features high ceilings and exquisite finishes. The well-appointed kitchen boasts top-of-the-line appliances, granite countertops, and ample storage space.

The four spacious bedrooms offer comfort and privacy for all family members. The bathrooms are beautifully designed with contemporary fixtures and fine tile work.

Outside, the property offers a generous yard with endless possibilities for landscaping and outdoor entertainment.

COMMUNITY HIGHLIGHTS:

Living in Chesapeake Ranch Estates means enjoying many amenities and recreational activities. You'll have exclusive access to Lake Lariat for swimming, boating, and fishing. The small airport provides convenience for travel enthusiasts. The clubhouse is ideal for hosting events and parties, while campgrounds, hiking trails, and sandy beaches offer endless outdoor adventures. Calvert Cliffs and horseshoe pits provide even more opportunities for fun and relaxation.

NEARBY ATTRACTIONS:

Located just minutes away is Solomon's Island, a picturesque waterfront town with a rich maritime history. Explore its charming shops, dine at waterfront restaurants, and take in the stunning views of the Patuxent River.

For commuters, this property is conveniently situated near Washington, D.C., and Pax River, making it an excellent choice for those working in these areas.

Take your chance to own this brand-new, beautifully designed home in Chesapeake Ranch Estates. Contact us today to schedule a viewing and make this your new haven!

Last Agent to Sell the Property

Jason Donovan

RE/MAX Leading Edge Listed on: 09/15/2023

RE/MAX Leading Edge

Co-Listed By

Jonathan Donovan

RE/MAX Leading Edge

Last Buyer's Agent

C. Brandon Harrington

PAX Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $984

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.25 Acre Lot
  • Property is in excellent condition
  • Property is zoned R2

HOA Fees

  • $47 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Rambler Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,106 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

  • Chesapeake Ranch Estates Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 0501196707

Home Details

Home Type

Single Family

Est. Annual Taxes

$984

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$47 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main
  • Expected On Market: 2023-09-15
  • Year Built: 2023
  • Automatically Close On Close Date: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Slab
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1106
  • Living Area Sq Ft: 1106
  • Price Per Sq Ft: 288.43
  • Above Grade Finished Sq Ft: 1106
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1080

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Refuse: 350.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 558.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: CALVERT COUNTY PUBLIC SCHOOLS
  • School District Key: 121139842846
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.25
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10800.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: R2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 984.00
  • Assessor Parcel Number: 0501196707
  • Tax Lot: 6
  • Tax Total Finished Sq Ft: 1056
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/31/2023

MLS Schools

  • School District Name: CALVERT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Nov 20, 2023
Sold by
Pd Investment Trust
Bought by
Posey Michael W
Seller's Agent
Jason Donovan
RE/MAX Leading Edge
Buyer's Agent
C. Brandon Harrington
PAX Real Estate
List Price
$319,000
Sold Price
$316,000
Premium/Discount to List
-$3,000
-0.94%
Views
21
Current Estimated Value
$348,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,545
Avg. Annual Appreciation
5.81%
Original Mortgage
$252,800
Outstanding Balance
$249,033
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$101,372

Purchase Details

Closed on
Mar 8, 2021
Sold by
Chin Roger G and Chin Roger G
Bought by
Pd Investment Trust

Purchase Details

Closed on
Jul 28, 2005
Sold by
Chin Roger G and Chin Marcia L
Bought by
Chin Roger G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,700
Interest Rate
8.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 14, 2005
Sold by
Chin Roger G and Chin Marcia L
Bought by
Chin Roger G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,700
Interest Rate
8.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 14, 1987
Sold by
Owens Everett L and Mary Kathryn
Bought by
Chin Roger G and Chin Marcia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
9.43%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Posey Michael W $316,000 None Listed On Document
Pd Investment Trust $118,000 Micasa Title Group Llc
Chin Roger G -- --
Chin Roger G -- None Available
Chin Roger G $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Posey Michael W $252,800
Previous Owner Chin Roger G $225,885
Previous Owner Chin Roger G $203,200
Previous Owner Chin Roger G $15,000
Previous Owner Chin Roger G $168,000
Previous Owner Chin Roger G $158,700
Previous Owner Chin Roger G $35,000
Closed Chin Roger G --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $316,000 -0.9% $286 / Sq Ft
09/15/2023 09/15/23 For Sale $319,000 -- $288 / 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 $2,784 $236,500 $0 $0
2024 $2,784 $218,000 $0 $0
2023 $2,227 $199,500 $55,200 $144,300
2022 $1,000 $55,200 $55,200 $0
2021 $1,000 $181,933 $0 $0
2020 $2,248 $175,100 $55,200 $119,900
2019 $1,790 $170,600 $0 $0
2018 $1,742 $166,100 $0 $0
2017 $2,092 $161,600 $0 $0
2016 -- $161,600 $0 $0
2015 $2,499 $161,600 $0 $0
2014 $2,499 $163,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDCA2013070

Bright MLS

APN: 01-196707