NOT LISTED FOR SALE

1179 Summerfield Rd Gambrills, MD 21054

Estimated Value: $424,020 - $2,977,000

7.16 Acres
$182,124 Price per Acre
311,890 Sq Ft Lot

Last Sold May 06, 2015

Last sale price $1,850,000 $1,619 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $7,135/month

97 Days on Market

About This Lot

As of May 2015

Builders Delight! 7.16 Acres! Incredible opportunity to own over 7 acres of land. There is a home on the property now, but the value is in the land.

Last Agent to Sell the Property

Chuck Brown

(410) 705-6296 cbrown@thechuckbrownteam.com EXIT Results Realty Listed on: 03/15/2011

EXIT Results Realty

Last Buyer's Agent

Scott Smolen

(301) 651-1261 sbsmolen@gmail.com RE/MAX Leading Edge License #520450

RE/MAX Leading Edge

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,774

Lot Details

  • 7.16 Acre Lot
  • No Building Permits
  • Property is zoned R5

Utilities

  • Septic Tank

Community Details

  • No Home Owners Association
  • Gambrills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 020400090031391

Property Details

Property Type

Land

Est. Annual Taxes

$3,774

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 8.03

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 275.00
  • Central Air Conditioning: No
  • Sewer/Septic System: Septic Exists
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Size Acres: 7.16
  • Lot Size Area: 311890
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 311890.00
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3774.08
  • Assessor Parcel Number: 020400090031391
  • County Tax Payment Frequency: Annually
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2011
Closed on
May 6, 2015
Sold by
Jennings Harry W
Bought by
B B S S Inc
Seller's Agent
Chuck Brown
EXIT Results Realty
Buyer's Agent
Scott Smolen
RE/MAX Leading Edge
List Price
$2,506,000
Sold Price
$1,850,000
Premium/Discount to List
-$656,000
-26.18%
Current Estimated Value
$1,304,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$545,993
Avg. Annual Appreciation
-3.26%

Purchase Details

Listed on
Mar 15, 2011
Closed on
Mar 10, 2015
Sold by
Jennings Harry W
Bought by
County Of Anne Arundel
Seller's Agent
Chuck Brown
EXIT Results Realty
Buyer's Agent
Scott Smolen
RE/MAX Leading Edge
List Price
$2,506,000
Sold Price
$1,850,000
Premium/Discount to List
-$656,000
-26.18%

Purchase Details

Closed on
May 3, 2006
Sold by
Jennings Harry W
Bought by
Jennings Harry W

Purchase Details

Closed on
Mar 27, 2006
Sold by
Jennings Harry W
Bought by
Jennings Harry W

Purchase Details

Closed on
May 11, 1999
Sold by
Jenkins Martha
Bought by
Jenkins Harry W and Jenkins Martha
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
B B S S Inc $1,850,000 Chicago Title Insurance Co
County Of Anne Arundel -- None Available
Jennings Harry W -- --
Jennings Harry W -- --
Jenkins Harry W -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2015 05/06/15 Sold $1,850,000 -26.2% $1,619 / Sq Ft
06/20/2011 06/20/11 Pending -- -- --
03/15/2011 03/15/11 For Sale $2,506,000 -- $2,192 / 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
2024 $3,553 $328,833 $0 $0
2023 $3,553 $325,367 $0 $0
2022 $3,364 $321,900 $253,200 $68,700
2021 -- $314,267 $0 $0
2020 $0 $306,633 $0 $0
2019 $0 $299,000 $228,200 $70,800
2017 $3,048 $299,000 $0 $0
2016 -- $299,700 $0 $0
2015 -- $283,633 $0 $0
2014 -- $267,567 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Chuck Brown

    EXIT Results Realty

    Section Image
  • Scott Smolen

    Buyer's Agent in 2015

    Scott Smolen

    RE/MAX

    (301) 651-1261

    39 in this area

    142 Total Sales

    Scott Smolen
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1004342302

Bright MLS

APN: 04-000-90031391

Maryland Anne Arundel County Gambrills 21054

1179 Summerfield Rd, Gambrills, MD

Not Listed for Sale

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