NOT LISTED FOR SALE

123 E Lake Dr Annapolis, MD 21403

Estimated Value: $1,595,016 - $1,889,000

4 Beds
2.5 Baths
3,154 Sq Ft
$548/Sq Ft Est. Value

Last Sold May 30, 2023

Last sale price $1,600,000 $507 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $10,085/month

1 Day on Market

Highlights

  • Marina
  • Parking available for a boat
  • Private Water Access
  • Boat Ramp
  • Home fronts navigable water
  • Lake Privileges

About This Home

As of May 2023

Located in the heart of the coveted community of Bay Ridge, this 4 Bedroom, 2 1/2 bath Colonial is situated on a double lot with a spacious, flat, fenced rear yard great for pets, trampoline and gardening. It offers all the privacy and outdoor space you could want including a paver patio, pergola and outdoor shower! Step inside to find a bright interior, updated eat-in kitchen located off the family room with fireplace and a recently renovated sunroom overlooking the patio and back yard. Spacious living room opens to dining room with views of rear grounds. Hardwood floors on the first and second floors. Spacious primary suite with renovated bath and walk in closet. Three additional bedrooms, hall bath and laundry. Lower level has great finished space with exercise room and office and outside entrance to rear yard. Oversized two car garage with additional parking for 8 cars in driveway plus double gate along side of garage for parking small boat or playing basketball! Located minutes from the Bay Ridge community pool, marina and beaches. Bay Ridge is a Special Tax Assessment District and membership dues of $250/year are encouraged in this amenity rich community.

Last Agent to Sell the Property

Georgie Berkinshaw

(443) 994-4456 gabopf@aol.com Coldwell Banker Realty License #89112 Listed on: 04/26/2023

Coldwell Banker Realty

Last Buyer's Agent

Betty Batty

(301) 832-7609 battyrealestate@gmail.com Compass License #638817

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,082

Year Built

  • Built in 1973

Lot Details

  • 0.45 Acre Lot
  • Home fronts navigable water
  • Private Lot
  • Back Yard Fenced
  • Property is in excellent condition
  • Property is zoned R2

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Parking available for a boat

Home Design

  • Colonial Architecture
  • Block Foundation
  • Composition Roof
  • Asphalt Roof
  • Aluminum Siding
  • Active Radon Mitigation
  • HardiePlank Type

Interior Spaces

  • Property has 3 Levels
  • Built-In Features
  • Whole House Fan
  • Ceiling Fan
  • Skylights
  • Wood Burning Stove
  • Fireplace With Glass Doors
  • Screen For Fireplace
  • Insulated Windows
  • Bay Window
  • Window Screens
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room
  • Combination Kitchen and Dining Room
  • Home Office
  • Game Room
  • Sun or Florida Room
  • Wood Flooring
  • Attic

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Rear Basement Entry
  • Sump Pump

Outdoor Features

  • Outdoor Shower
  • Private Water Access
  • Property is near a lake
  • Lake Privileges
  • Patio
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Dehumidifier
  • Heating System Uses Oil
  • Vented Exhaust Fan
  • Water Treatment System
  • Well
  • Electric Water Heater
  • Water Conditioner is Owned
  • Water Conditioner
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 20R
  • Assessor Parcel Number 020204707950606

Community Details

Overview

  • Association fees include insurance
  • Bay Ridge Civic Association
  • Bay Ridge Subdivision

Amenities

  • Common Area
  • Clubhouse
  • Meeting Room
  • Party Room

Recreation

  • Boat Ramp
  • Boat Dock
  • Pier or Dock
  • Mooring Area
  • Marina
  • Beach
  • Baseball Field
  • Community Basketball Court
  • Community Pool
  • Pool Membership Available
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,082

Year Built

Built in 1973

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: Outdoor shed
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Expected On Market: 2023-04-26
  • Federal Flood Zone: No
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Stove, Washer, Water Conditioner - Owned, Freezer
  • Flooring Type: Hardwood
  • Interior Amenities: Family Room Off Kitchen, Combination Kitchen/Dining, Dining Area, Built-Ins, Primary Bath(s), Wood Floors, Ceiling Fan(s), Kitchen - Eat-In, Kitchen - Table Space, Stove - Wood, Walk-In Closet(s), Water Treat System
  • Window Features: Screens, Skylights, Insulated, Bay/Bow
  • Fireplace Features: Fireplace - Glass Doors, Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Foundation Details: Block, Active Radon Mitigation
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Family Room, Sun/Florida Room, Laundry, Office, Attic, Primary Bathroom, Full Bath
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full, Improved, Partially Finished, Rear Entrance, Sump Pump, Walkout Stairs
  • Basement Finished Percent: 50.00
  • Laundry Type: Upper Floor
  • Total Sq Ft: 3726
  • Living Area Sq Ft: 3154
  • Price Per Sq Ft: 571.26
  • Above Grade Finished Sq Ft: 2582
  • Below Grade Finished Sq Ft: 572
  • Below Grade Sq Ft: 572
  • Total Below Grade Sq Ft: 1144
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Aluminum Siding, Hardiplank Type
  • Exterior Features: Outside Shower, Boat Storage
  • Roof: Composite, Asphalt
  • Spa: No
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Name: LAKE OGLETON
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage Door Opener, Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Off Street, Attached Garage
  • Off Street Parking Spaces: 8

Utilities

  • Refuse: 275.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Dehumidifier, Whole House Fan
  • Heating Fuel: Oil, Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Conditioner, Filter, Well

Condo/Co-op/Association

  • HOA Fees: 250.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Beach, Boat Dock/Slip, Boat Ramp, Club House, Common Grounds, Jog/Walk Path, Marina/Marina Club, Meeting Room, Mooring Area, Party Room, Pier/Dock, Pool - Outdoor, Pool Mem Avail, Swimming Pool, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Insurance
  • HOA Name: BAY RIDGE CIVIC ASSOCIATION
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Fencing: Rear
  • Lot Features: Private, Rear Yard
  • Lot Size Acres: 0.45
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19602.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Zoning: R2
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 15170676
  • Tax Annual Amount: 10082.00
  • Assessor Parcel Number: 020204707950606
  • Tax Lot: 20R
  • Tax Page Number: 349
  • Tax Year: 2023

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2023
Closed on
Jun 1, 2023
Sold by
Ryan Kenneth M
Bought by
Bensimon Michael and Paskal Stefanie S
Seller's Agent
Georgie Berkinshaw
Coldwell Banker Realty
Buyer's Agent
Betty Batty
Compass
List Price
$1,475,000
Sold Price
$1,600,000
Premium/Discount to List
$125,000
8.47%
Views
9
Current Estimated Value
$1,728,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,504
Avg. Annual Appreciation
3.15%
Original Mortgage
$1,280,000
Outstanding Balance
$1,245,773
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$482,731

Purchase Details

Closed on
Jul 5, 2007
Sold by
Welch Peter B
Bought by
Ryan Kenneth M and Pieper Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2007
Sold by
Welch Peter B
Bought by
Ryan Kenneth M and Pieper Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2002
Sold by
Preuss Don R
Bought by
Welch Peter B and Welsch Tracy D

Purchase Details

Closed on
Jan 9, 1998
Sold by
Ricciardelli James
Bought by
Preuss Don R and Pruess Nina

Purchase Details

Closed on
Aug 18, 1993
Sold by
Mason W B
Bought by
Ricciardelli James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,200
Interest Rate
7.11%
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
Bensimon Michael $1,600,000 Eagle Title
Ryan Kenneth M $995,000 --
Ryan Kenneth M $995,000 --
Welch Peter B $650,000 --
Preuss Don R $335,000 --
Ricciardelli James $278,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bensimon Michael $1,280,000
Previous Owner Ryan Kenneth M $250,000
Previous Owner Ryan Kenneth M $250,000
Previous Owner Ricciardelli James $250,200
Closed Welch Peter B --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2023 05/30/23 Sold $1,600,000 +8.5% $507 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
04/26/2023 04/26/23 For Sale $1,475,000 -- $468 / 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 $11,550 $1,086,133 -- --
2024 $11,550 $987,667 $0 $0
2023 $11,079 $889,200 $675,800 $213,400
2022 $9,420 $838,833 $0 $0
2021 $18,333 $788,467 $0 $0
2020 $8,910 $738,100 $525,800 $212,300
2019 $8,881 $736,100 $0 $0
2018 $7,444 $734,100 $0 $0
2017 $8,583 $732,100 $0 $0
2016 -- $732,100 $0 $0
2015 -- $732,100 $0 $0
2014 -- $892,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA2058208

Bright MLS

APN: 02-047-07950606