NOT LISTED FOR SALE

123 N Lake Dr Stevensville, MD 21666

Estimated Value: $530,571 - $605,000

3 Beds
2 Baths
1,548 Sq Ft
$372/Sq Ft Est. Value

Last Sold June 04, 2024

Last sale price $525,000 $339 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,344/month

5 Days on Market

Highlights

  • Boat Ramp
  • Beach
  • Private Water Access
  • Matapeake Elementary School Rated A-
  • Home fronts navigable water
  • Heated Floors

About This Home

As of June 2024

'Welcome to this charming home located in the heart of Stevensville, MD! This beautifully maintained rancher sits on an approximately one-acre lot and is ready for you to move in! With three bedrooms and two bath, this home is perfect for anyone. The primary bedroom features an en-suite bathroom and plenty of closet space. As you enter the home, you'll be greeted by a warm and inviting gathering room that flows seamlessly into the kitchen, family room and office. The open floor plan is perfect for entertaining guests. The gleaming hardwood floors and gas fireplace add a touch of elegance to the space. The large front and back yards are perfect for hosting cookouts and outdoor activities. The updated roof and HVAC system provide peace of mind and ensure that you'll be comfortable year-round. This home has been freshly painted with neutral colors throughout, making it easy to add your own personal touches. The natural light that floods the home creates a cheery and bright atmosphere that you'll love coming home to. Don't miss out on the opportunity to make this wonderful home yours!Don't miss this GEM in water-oriented community of Tower Gardens.

Last Agent to Sell the Property

Ann Chumney

Coldwell Banker Realty License #505590 Listed on: 05/10/2024

Coldwell Banker Realty

Last Buyer's Agent

Lisa Quinn

RE/MAX Executive

RE/MAX Executive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,927

Year Built

  • Built in 1975

Lot Details

  • 1.05 Acre Lot
  • Home fronts navigable water
  • Landscaped
  • Level Lot
  • Backs to Trees or Woods
  • Front Yard
  • Property is in excellent condition
  • Property is zoned NC-1

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Rambler Architecture
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,548 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Bay Window
  • Sliding Windows
  • Casement Windows
  • Window Screens
  • Family Room Off Kitchen
  • Living Room
  • Combination Kitchen and Dining Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Trash Compactor

Flooring

  • Wood
  • Carpet
  • Heated Floors
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Gas Dryer
  • Washer

Accessible Home Design

  • Level Entry For Accessibility

Outdoor Features

  • Private Water Access
  • Property near a bay
  • Patio
  • Shed

Schools

  • Kent Island High School

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Water Treatment System
  • Well
  • Electric Water Heater
  • Water Conditioner is Owned
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 1804071506
  • $300 Front Foot Fee per quarter

Community Details

Overview

  • Tower Gardens Subdivision

Recreation

  • Boat Ramp
  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,927

Year Built

Built in 1975

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Portable storage container on side of house
  • New Construction: No
  • Story List: Main
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Remarks Public: 'Welcome to this charming home located in the heart of Stevensville, MD! This beautifully maintained rancher sits on an approximately one-acre lot and is ready for you to move in! With three bedrooms and two bath, this home is perfect for anyone. The primary bedroom features an en-suite bathroom and plenty of closet space. As you enter the home, you'll be greeted by a warm and inviting gathering room that flows seamlessly into the kitchen, family room and office. The open floor plan is perfect for entertaining guests. The gleaming hardwood floors and gas fireplace add a touch of elegance to the space. The large front and back yards are perfect for hosting cookouts and outdoor activities. The updated roof and HVAC system provide peace of mind and ensure that you'll be comfortable year-round. This home has been freshly painted with neutral colors throughout, making it easy to add your own personal touches. The natural light that floods the home creates a cheery and bright atmosphere that you'll love coming home to. Don't miss out on the opportunity to make this wonderful home yours!Don't miss this GEM in water-oriented community of Tower Gardens.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Dryer - Gas, Exhaust Fan, Icemaker, Oven - Single, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Stove, Trash Compactor, Washer, Water Conditioner - Owned, Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Heated, Luxury Vinyl Plank
  • Interior Amenities: Carpet, Combination Kitchen/Dining, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Table Space, Primary Bath(s), Recessed Lighting, Stall Shower, Store/Office, Tub Shower, Water Treat System, Wood Floors
  • Window Features: Bay/Bow, Casement, Screens, Sliding
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Room List: Living Room, Kitchen, Family Room, Full Bath
  • Basement: No
  • Laundry Type: Main Floor, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1548
  • Living Area Sq Ft: 1548
  • Price Per Sq Ft: 322.93
  • Above Grade Finished Sq Ft: 1548
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 123

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame, Vinyl Siding
  • Roof: Asphalt
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Name: Chesapeake Bay
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s), Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Well
  • Internet Services: Other

Condo/Co-op/Association

  • HOA Fees: 150.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Boat Ramp, Beach
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Quarterly

Schools

  • School District: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
  • High School: KENT ISLAND
  • High School Source: Listing Agent
  • School District Key: 121137777627
  • School District Source: Listing Agent
  • High School: KENT ISLAND

Lot Info

  • Land Use Code: R
  • Lot Features: Backs To Trees, Front Yard, Landscaping, Level
  • Lot Size Acres: 1.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 45738.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: NC-1
  • In City Limits: No

Rental Info

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

Tax Info

  • Tax Annual Amount: 2927.00
  • Assessor Parcel Number: 1804071506
  • Tax Lot: 26
  • Tax Total Finished Sq Ft: 1548
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 06/04/2024

Multi Family

  • Front Foot Fee: 300.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Jun 4, 2024
Sold by
Taylor Brandon Michael and Taylor Sarah Jael
Bought by
Stewart Spencer
Seller's Agent
Ann Chumney
Coldwell Banker Realty
Buyer's Agent
Lisa Quinn
RE/MAX Executive
List Price
$499,900
Sold Price
$525,000
Premium/Discount to List
$25,100
5.02%
Views
31
Current Estimated Value
$562,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,607
Avg. Annual Appreciation
8.05%
Original Mortgage
$413,600
Outstanding Balance
$402,345
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$173,298

Purchase Details

Listed on
Apr 10, 2015
Closed on
Jun 25, 2015
Sold by
Arbogast Kimberly J
Bought by
Taylor Sarah Jael and Taylor Brandon Michael
Seller's Agent
Mario Caruso
Douglas Realty, LLC
Buyer's Agent
Ann Chumney
Coldwell Banker Realty
List Price
$307,555
Sold Price
$306,555
Premium/Discount to List
-$1,000
-0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.20%
Original Mortgage
$301,001
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 31, 2011
Sold by
Longobardi Joseph C
Bought by
Arbogast Kimberly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,700
Interest Rate
4.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2011
Sold by
Longobardi Joseph C
Bought by
Arbogast Kimberly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,700
Interest Rate
4.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2004
Sold by
Longobardi Joseph C
Bought by
Longobardi Joseph C and Longobardi Michelle L

Purchase Details

Closed on
Nov 19, 2003
Sold by
Bowen Allen L and Bowen Deborah M
Bought by
Longobardi Joseph C and Carter Michelle L
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
Stewart Spencer $525,000 Liberty Title
Taylor Sarah Jael $306,555 Title Resources Guaranty Co
Arbogast Kimberly J $293,000 --
Arbogast Kimberly J $293,000 --
Arbogast Kimberly J $293,000 --
Arbogast Kimberly J $293,000 Attorneys Title & Escrow Co
Arbogast Kimberly J $293,000 --
Longobardi Joseph C -- --
Longobardi Joseph C $242,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stewart Spencer $413,600
Previous Owner Taylor Sarah Jael $15,907
Previous Owner Taylor Sarah Jael $301,001
Previous Owner Arbogast Kimberly J $264,100
Previous Owner Arbogast Kimberly J $263,700
Previous Owner Arbogast Kimberly J $263,700
Previous Owner Longobardi Michelle L $50,000
Previous Owner Longobardi Joseph C $241,548
Closed Longobardi Joseph C --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2024 06/04/24 Sold $525,000 +5.0% $339 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $499,900 +63.1% $323 / Sq Ft
06/26/2015 06/26/15 Sold $306,555 -0.3% $198 / Sq Ft
04/18/2015 04/18/15 Pending -- -- --
04/10/2015 04/10/15 For Sale $307,555 -- $199 / 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 $3,175 $363,367 $0 $0
2024 $3,175 $337,033 $0 $0
2023 $2,927 $310,700 $155,500 $155,200
2022 $2,883 $306,100 $0 $0
2021 $2,908 $301,500 $0 $0
2020 $2,908 $296,900 $150,500 $146,400
2019 $2,691 $274,300 $0 $0
2018 $2,474 $251,700 $0 $0
2017 $2,257 $229,100 $0 $0
2016 -- $229,100 $0 $0
2015 $1,024 $229,100 $0 $0
2014 $1,024 $233,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA2009724

Bright MLS

APN: 04-071506