NOT LISTED FOR SALE

111 Prospect Bay Dr W Grasonville, MD 21638

Estimated Value: $1,250,000 - $2,017,000

1.09 Acres
$1,565,661 Price per Acre
47,480 Sq Ft Lot

Last Sold May 19, 2021

Last sale price $685,000

Est. 149% increase in value since last sale

Current estimated payment $10,436/month

Highlights

  • Marina
  • Boat Ramp
  • Golf Club
  • Grasonville Elementary School Rated A-
  • Private Dock Site
  • Home fronts navigable water

About This Lot

As of May 2021

Expansive WATER FRONT VIEWS of the EASTERN BAY ! BUILD your DREAM HOME & DOCK on this Beautiful Protected WATER FRONT LOT! Incredible SUNSETS across the BAY! Property has already been rip rapped for protection. Calmer waters because you're in the basin without compromising those EXPANSIVE WATER VIEWS ! Public utilities up to the property. 1.9 Acres of cleared land. Last remaining Bay Front Lot (saved the best for last). Fabulous Community of Prospect Bay Golf & Country Club! A beautiful 18 hole golf course, golf shop, driving range & putting green, swimming pool, lighted tennis & pickle ball courts, marina, boat ramp, tot lot, jog/walk trails, and a 12,000 square foot Club House that includes a restaurant & bar! Only 15 min to the Bay Bridge!

Last Agent to Sell the Property

Lori Woods-Fortney

Berkshire Hathaway HomeServices Homesale Realty License #320689 Listed on: 04/30/2019

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Crystal Smith

RE/MAX Executive

RE/MAX Executive

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,104

Lot Details

  • 1.09 Acre Lot
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Cleared Lot
  • Property is zoned NC-1, NC-1 Residential

HOA Fees

  • $358 Monthly HOA Fees

Property Views

  • Bay Views

Schools

  • Kent Island High School

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 107
  • Assessor Parcel Number 05-028582

Community Details

Overview

  • Association fees include common area maintenance, pool(s), recreation facility
  • $50 Other Monthly Fees
  • Prospect Bay Country Club HOA
  • Prospect Bay Subdivision

Amenities

  • Picnic Area
  • Common Area
  • Party Room
  • Community Dining Room
  • Bar or Lounge

Recreation

  • Boat Ramp
  • Marina
  • Beach
  • Golf Club
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Jogging Path
  • Water Access
  • Property near a bay
  • Rip-Rap
  • Private Dock Site
  • Powered Boats Permitted

Property Details

Property Type

Land

Est. Annual Taxes

$5,104

Lot Details

0

HOA Fees

$358 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Expansive WATER FRONT VIEWS of the EASTERN BAY ! BUILD your DREAM HOME & DOCK on this Beautiful Protected WATER FRONT LOT! Incredible SUNSETS across the BAY! Property has already been rip rapped for protection. Calmer waters because you're in the basin without compromising those EXPANSIVE WATER VIEWS ! Public utilities up to the property. 1.9 Acres of cleared land. Last remaining Bay Front Lot (saved the best for last). Fabulous Community of Prospect Bay Golf & Country Club! A beautiful 18 hole golf course, golf shop, driving range & putting green, swimming pool, lighted tennis & pickle ball courts, marina, boat ramp, tot lot, jog/walk trails, and a 12,000 square foot Club House that includes a restaurant & bar! Only 15 min to the Bay Bridge!
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 15.35
  • Street Number Modifier: 111

Exterior Features

  • Construction Completed: No
  • View: Water, Bay
  • Water Access Features: Boat - Powered
  • Water Access: Yes
  • Water Body Name: Prospect Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Electric Service: Underground
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv Available, Under Ground, Water Available, Phone Available
  • Water Source: Public
  • Internet Services: DSL, Cable

Condo/Co-op/Association

  • HOA Fees: 358.33
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Bar/Lounge, Beach, Boat Ramp, Common Grounds, Dining Rooms, Golf Course, Golf Club, Jog/Walk Path, Marina/Marina Club, Party Room, Pool - Outdoor, Swimming Pool, Tennis Courts, Tot Lots/Playground, Picnic Area
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Recreation Facility
  • HOA Name: PROSPECT BAY COUNTRY CLUB
  • HOA: Yes

Fee Information

  • Other Fees: 150.00
  • Other Fees Frequency: Quarterly

Schools

  • School District: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
  • Elementary School: CALL SCHOOL BOARD
  • Middle School: CALL SCHOOL BOARD
  • High School: KENT ISLAND
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121137777627
  • School District Source: Listing Agent
  • Elementary School: CALL SCHOOL BOARD
  • High School: KENT ISLAND
  • Middle Or Junior School: CALL SCHOOL BOARD

Lot Info

  • Additional Parcels: No
  • Land Use Code: 110
  • Lot Features: Cleared, Rip-Rapped
  • Lot Size Acres: 1.09
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 47480.00
  • Possible Use: Residential
  • Year Assessed: 2020
  • Zoning: NC-1
  • Zoning Description: NC-1 Residential
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 4530482
  • Tax Annual Amount: 5104.00
  • Assessor Parcel Number: 05-028582
  • Tax Lot: 107
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 05/19/2021

Multi Family

  • Mean Low Water Feet: 3
  • Waterfront Features: Rip-Rap, Private Dock Site

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2019
Closed on
May 21, 2021
Sold by
Wu Charles J and Wu Nancy C
Bought by
Smith Kristopher and Smith Crystal
Seller's Agent
Lori Woods-Fortney
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Crystal Smith
RE/MAX Executive
List Price
$729,000
Sold Price
$685,000
Premium/Discount to List
-$44,000
-6.04%
Current Estimated Value
$1,706,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,021,570
Avg. Annual Appreciation
22.57%
Original Mortgage
$1,064,000
Outstanding Balance
$975,108
Interest Rate
3%
Mortgage Type
Construction
Estimated Equity
$674,724

Purchase Details

Closed on
May 7, 1982
Sold by
M C D Enterprises, Inc
Bought by
Wu Charles J and Wu Nancy C
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
Smith Kristopher $685,000 The Atlantic Title Group
Wu Charles J $36,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Kristopher $1,064,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $685,000 -6.0% --
12/12/2020 12/12/20 For Sale $729,000 +6.4% --
11/30/2020 11/30/20 Off Market $685,000 -- --
04/30/2019 04/30/19 For Sale $729,000 -- --
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 $11,836 $1,361,167 $0 $0
2024 $11,836 $1,256,500 $552,200 $704,300
2023 $11,615 $1,233,000 $0 $0
2022 $11,393 $1,209,500 $0 $0
2021 $5,104 $532,200 $532,200 $0
2020 $4,497 $532,200 $532,200 $0
2019 $5,104 $532,200 $532,200 $0
2018 $5,182 $540,300 $540,300 $0
2017 $5,182 $540,300 $0 $0
2016 -- $540,300 $0 $0
2015 $5,781 $540,300 $0 $0
2014 $5,781 $540,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lori Woods-Fortney

    Seller's Agent in 2021

    Lori Woods-Fortney

    Berkshire Hathaway HomeServices Homesale Realty

    (410) 808-1469

    40 Total Sales

    Lori Woods-Fortney
    Section Image
  • Crystal Smith

    Buyer's Agent in 2021

    Crystal Smith

    RE/MAX

    (410) 490-6346

    398 Total Sales

    Crystal Smith
    Section Image
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Map

Source: Bright MLS

MLS Number: MDQA139536

Bright MLS

APN: 05-028582

Maryland Queen Annes County Grasonville 21638

111 Prospect Bay Dr W, Grasonville, MD

This home is located at 111 Prospect Bay Dr W, Grasonville, MD 21638 since 30 April 2019 and is currently estimated at $1,706,570. 111 Prospect Bay Dr W is a home located in Queen Anne's County with nearby schools including Grasonville Elementary School, Stevensville Middle School, and Kent Island High School.

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