NOT LISTED FOR SALE

113 Terrapin Ln Stevensville, MD 21666

Estimated Value: $1,794,000 - $2,292,000

3 Beds
5 Baths
4,052 Sq Ft
$488/Sq Ft Est. Value

Last Sold July 10, 2015

Last sale price $1,250,000 $308 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $11,920/month

60 Days on Market

Highlights

  • 188 Feet of Waterfront
  • 2 Dock Slips
  • Private Pool
  • Matapeake Elementary School Rated A-
  • Pier
  • Eat-In Gourmet Kitchen

About This Home

As of July 2015

Spectacular sun-bathed waterfront property located in Cove Creek. Featuring golf, tennis, club house and deep water marina. This property affords a private setting on almost 2 acres, with pool and private dock. Contemporary interior with new custom master bath, loft easily converted to 4th Bedroom. Updates throughout. 1st exit over Bay Bridge, easy commute to Annapolis and DC area.

Last Agent to Sell the Property

Mark McFadden

(202) 425-4242 mark@mcmcfaddenpartners.com Compass License #SP99650 Listed on: 02/26/2015

Compass

Co-Listed By

Doc Keane

(202) 441-2343 doc.keane@wfp.com Washington Fine Properties, LLC

Last Buyer's Agent

Mark French

el.legumbre@gmail.com Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,920

Year Built

  • Built in 1993

Lot Details

  • 1.89 Acre Lot
  • 188 Feet of Waterfront
  • Home fronts navigable water
  • Property is in very good condition
  • Property is zoned NC-1

HOA Fees

  • $480 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Structural Insulated Panel System
  • Shingle Roof
  • Cedar

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • Casement Windows
  • Window Screens
  • Sliding Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Water Views
  • Basement
  • Sump Pump

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Butlers Pantry
  • Built-In Double Oven
  • Down Draft Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Instant Hot Water

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • En-Suite Bathroom
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Pier
  • Water Access
  • Property near a bay
  • Physical Dock Slip Conveys
  • 2 Dock Slips
  • 2 Powered Boats Permitted

Schools

  • Matapeake Elementary And Middle School
  • Kent Island High School

Utilities

  • Cooling System Utilizes Bottled Gas
  • Forced Air Zoned Heating and Cooling System
  • Floor Furnace
  • Vented Exhaust Fan
  • Hot Water Heating System
  • Multi-Tank Bottled Gas Water Heater
  • Well
  • Water Conditioner is Owned
  • Septic Tank
  • Septic Pump
  • Cable TV Available

Community Details

  • Built by ACORN HOMES
  • Cove Creek Club Subdivision

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number 1804089251

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,920

Year Built

Built in 1993

Lot Details

0

HOA Fees

$480 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1993
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Central Vacuum, Cooktop, Cooktop - Down Draft, Dishwasher, Dryer, Exhaust Fan, Freezer, Icemaker, Microwave, Oven - Double, Oven - Wall, Refrigerator, Washer, Water Conditioner - Owned
  • Interior Amenities: Butlers Pantry, Breakfast Area, Kitchen - Island, Kitchen - Table Space, Kitchen - Gourmet, Primary Bath(s), Built-Ins, Window Treatments, Entry Level Bedroom, Wet/Dry Bar, Whirlpool/Hottub, Recessed Lighting, Floor Plan - Traditional
  • Window Features: Casement, Double Pane, Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Wall Ceiling Types: 2 Story Ceilings, Beamed Ceilings, Vaulted Ceilings
  • Entry Location: Foyer
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer, Bedroom 1, Sun/Florida Room, Laundry
  • Basement: Yes
  • Basement Type: Sump Pump
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 2
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Main Level Bathrooms: 4.00
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 2

Exterior Features

  • Construction Materials: Cedar, Structural Insulated Panel System (SIPS)
  • Dock Type: Pier (Perpendicular)
  • Pool Private: Yes
  • Roof: Shingle
  • View: Water
  • View: Yes
  • Water Access: Yes
  • Water Body Name: COVE CREEK
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 188

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage
  • Garage Features: Garage Door Opener, Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s), Zoned
  • Cooling: Yes
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Floor Furnace, Hot Water, Zoned
  • Heating: Yes
  • Hot Water: Bottled Gas, Multi-Tank, Instant Hot Water
  • Sewer/Septic System: Septic Exists, Septic Pump
  • Utilities: Cable Tv Available
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 480.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School: MATAPEAKE
  • High School: KENT ISLAND
  • Middle Or Junior School: MATAPEAKE

Lot Info

  • Lot Size Acres: 1.89
  • Lot Size Area: 82328
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 82328.00
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Zoning: NC-1

Building Info

  • Builder Name: ACORN HOMES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9919.97
  • Assessor Parcel Number: 1804089251
  • Tax Lot: 95
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2015
Closed on
Jul 10, 2015
Sold by
Groves Robert M and Groves Cynthia C
Bought by
Luethy Llc
Seller's Agent
Mark McFadden
Compass
Buyer's Agent
Mark French
Long & Foster Real Estate, Inc.
List Price
$1,400,000
Sold Price
$1,250,000
Premium/Discount to List
-$150,000
-10.71%
Current Estimated Value
$1,978,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$728,990
Avg. Annual Appreciation
4.51%

Purchase Details

Listed on
Sep 13, 2010
Closed on
Dec 31, 2012
Sold by
Nees Bernard H and Nees Beverly R
Bought by
Groves Robert M and Groves Cynthia C
Seller's Agent
Bonnie Johnson
Keller Williams Realty
Buyer's Agent
Doc Keane
Washington Fine Properties, LLC
List Price
$995,000
Sold Price
$945,000
Premium/Discount to List
-$50,000
-5.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.74%
Original Mortgage
$94,400
Interest Rate
3.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 22, 2001
Sold by
Nees Bernard H and Nees Beverly R
Bought by
Nees Bernard H and Beverly R Trustees

Purchase Details

Closed on
Oct 16, 1996
Sold by
Nees Bernard H and Nees Beverly R
Bought by
Bernard H & Beverly R Nees & Trustee and Under Deed Of Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Luethy Llc $1,250,000 Champion Realty Title
Groves Robert M $945,000 Federal Title & Escrow Compa
Nees Bernard H -- --
Bernard H & Beverly R Nees & Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Groves Robert M $94,400
Previous Owner Groves Robert M $756,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2015 07/10/15 Sold $1,250,000 -10.7% $308 / Sq Ft
04/27/2015 04/27/15 Pending -- -- --
02/26/2015 02/26/15 For Sale $1,400,000 +48.1% $346 / Sq Ft
12/31/2012 12/31/12 Sold $945,000 -5.0% $233 / Sq Ft View Prior Sale
12/06/2012 12/06/12 Pending -- -- --
05/02/2012 05/02/12 For Sale $995,000 +5.3% $246 / Sq Ft
05/01/2012 05/01/12 Off Market $945,000 -- --
10/15/2011 10/15/11 Price Changed $995,000 -9.5% $246 / Sq Ft
08/10/2011 08/10/11 Price Changed $1,100,000 -12.0% $271 / Sq Ft
04/04/2011 04/04/11 Price Changed $1,250,500 -7.4% $309 / Sq Ft
03/02/2011 03/02/11 For Sale $1,350,500 +42.9% $333 / Sq Ft
03/02/2011 03/02/11 Off Market $945,000 -- --
09/13/2010 09/13/10 For Sale $1,350,500 -- $333 / 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 $12,358 $1,305,467 $0 $0
2024 $11,397 $1,203,533 $0 $0
2023 $10,437 $1,101,600 $522,200 $579,400
2022 $10,437 $1,101,600 $522,200 $579,400
2021 $10,625 $1,101,600 $522,200 $579,400
2020 $11,398 $1,182,200 $622,200 $560,000
2019 $10,637 $1,102,800 $0 $0
2018 $9,875 $1,023,400 $0 $0
2017 $9,114 $944,000 $0 $0
2016 -- $944,000 $0 $0
2015 $10,510 $944,000 $0 $0
2014 $10,510 $1,034,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001031173

Bright MLS

APN: 04-089251