NOT LISTED FOR SALE

12451 Painted Horse Trail Lusby, MD 20657

Estimated Value: $470,000 - $502,000

4 Beds
3 Baths
2,954 Sq Ft
$163/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $425,000 $144 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,057/month

10 Days on Market

Highlights

  • Beach
  • Water Access
  • Open Floorplan
  • Home fronts navigable water
  • View of Trees or Woods
  • Lake Privileges

About This Home

As of November 2023

Beautiful Cape Cod on a little over 1/3rd of an acre in Chesapeake Ranch. This home has four large bedrooms, and three full bath, a great open floor plan and three bedrooms on the main level, Hardwoods on main level, and tons of natural light. Kitchen is large with table space, and opens up to back deck. Upstairs is fourth large bedroom and a huge home office space. An unfinished basement can be finished as you like, or just use for storage. A great full length front porch and a two car garage are just a couple of the other great features.

Last Agent to Sell the Property

Jennifer Goddard

CENTURY 21 New Millennium License #614316 Listed on: 09/23/2023

CENTURY 21 New Millennium

Last Buyer's Agent

Brian Crayton

CENTURY 21 Envision

CENTURY 21 Envision

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,962

Year Built

  • Built in 1994

Lot Details

  • 0.37 Acre Lot
  • Home fronts navigable water
  • Property is Fully Fenced
  • Landscaped
  • Private Lot
  • Secluded Lot
  • Backs to Trees or Woods

HOA Fees

  • $47 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • 4 Driveway Spaces
  • Garage Door Opener

Home Design

  • Cape Cod Architecture
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Fireplace Mantel
  • Window Treatments
  • Family Room on Second Floor
  • Living Room
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Views of Woods
  • Laundry Room

Kitchen

  • Breakfast Room
  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Whirlpool Bathtub

Unfinished Basement

  • Connecting Stairway
  • Exterior Basement Entry

Outdoor Features

  • Water Access
  • Property near a bay
  • Lake Privileges
  • Deck
  • Porch

Utilities

  • Zoned Cooling
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 73
  • Assessor Parcel Number 0501135244

Community Details

Overview

  • Cre HOA
  • Chesapeake Ranch Estates Subdivision
  • Community Lake

Amenities

  • Common Area

Recreation

  • Beach
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,962

Year Built

Built in 1994

Lot Details

0

HOA Fees

$47 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2023-09-23
  • Federal Flood Zone: No
  • Year Built: 1994
  • Automatically Close On Close Date: No
  • Remarks Public: Beautiful Cape Cod on a little over 1/3rd of an acre in Chesapeake Ranch. This home has four large bedrooms, and three full bath, a great open floor plan and three bedrooms on the main level, Hardwoods on main level, and tons of natural light. Kitchen is large with table space, and opens up to back deck. Upstairs is fourth large bedroom and a huge home office space. An unfinished basement can be finished as you like, or just use for storage. A great full length front porch and a two car garage are just a couple of the other great features.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Oven/Range - Electric, Refrigerator
  • Interior Amenities: Breakfast Area, Combination Kitchen/Dining, Primary Bath(s), Window Treatments, Entry Level Bedroom, Wood Floors, Whirlpool/Hottub, Floor Plan - Open
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Breakfast Room, 2nd Stry Fam Rm, Laundry, Bedroom 6
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Unfinished
  • Total Sq Ft: 4170
  • Living Area Sq Ft: 2954
  • Price Per Sq Ft: 143.87
  • Above Grade Finished Sq Ft: 2954
  • Below Grade Sq Ft: 1216
  • Total Below Grade Sq Ft: 1216
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12451

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt
  • View: Trees/Woods
  • Water Access: Yes
  • Water Body Name: LAKE LARIAT, CHESAPEAKE BAY
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Detached Garage
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Zoned
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 558.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Common Grounds, Lake, Tot Lots/Playground, Water/Lake Privileges
  • HOA Name: CRE
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: CALVERT COUNTY PUBLIC SCHOOLS
  • School District Key: 121139842846
  • School District Source: Listing Agent

Lot Info

  • Fencing: Fully
  • Land Use Code: R
  • Lot Features: Backs To Trees, Landscaping, Secluded, Private
  • Lot Size Acres: 0.37
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16117.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Year Assessed: 2023
  • Zoning: R
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3962.00
  • Assessor Parcel Number: 0501135244
  • Tax Lot: 73
  • Tax Total Finished Sq Ft: 2954
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 11/17/2023

MLS Schools

  • School District Name: CALVERT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2023
Closed on
Nov 17, 2023
Sold by
Welch Chad E and Welch Michelle L
Bought by
Gatlin Timothy E
Seller's Agent
Jennifer Goddard
CENTURY 21 New Millennium
Buyer's Agent
Brian Crayton
CENTURY 21 Envision
List Price
$425,000
Sold Price
$425,000
Views
49
Current Estimated Value
$482,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,290
Avg. Annual Appreciation
7.49%
Original Mortgage
$439,025
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 20, 2012
Closed on
Jan 30, 2013
Sold by
Lane Luther and Lane Tracy
Bought by
Welch Chad E and Welch Michelle L
Seller's Agent
Christine Shemeta
CENTURY 21 New Millennium
Buyer's Agent
Jennifer Goddard
CENTURY 21 New Millennium
List Price
$295,000
Sold Price
$278,000
Premium/Discount to List
-$17,000
-5.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.01%
Original Mortgage
$278,000
Interest Rate
3.38%
Mortgage Type
VA

Purchase Details

Closed on
Jan 30, 2006
Sold by
Sleeth Brian C and Sleeth Stacy S
Bought by
Lane Luther and Lane Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2004
Sold by
Eastman Marian S and Eastman Jeffrey C
Bought by
Sleeth Brian C and Sleeth Stacy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 7, 2002
Sold by
Barnhart Robert W and Barnhart Patricia A
Bought by
Eastman Marian S and Eastman Jeffrey C

Purchase Details

Closed on
Oct 19, 1994
Sold by
Rambo R W
Bought by
Barnhart Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,050
Interest Rate
8.49%

Purchase Details

Closed on
Aug 24, 1994
Sold by
Wolpert R E
Bought by
Rambo Ronald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,050
Interest Rate
8.49%
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
Gatlin Timothy E $425,000 Universal Title
Welch Chad E $278,000 Bay County Title & Escrow Ll
Lane Luther $365,000 --
Sleeth Brian C $220,000 --
Eastman Marian S $178,000 --
Barnhart Robert W $165,100 --
Rambo Ronald W $7,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gatlin Timothy E $456,571
Closed Gatlin Timothy E $439,025
Previous Owner Welch Chad E $294,082
Previous Owner Welch Chad E $307,000
Previous Owner Welch Chad E $278,000
Previous Owner Lane Luther $211,000
Previous Owner Lane Luther $202,000
Previous Owner Lane Luther $207,000
Previous Owner Sleeth Brian C $176,000
Previous Owner Rambo Ronald W $132,050
Previous Owner Rambo Ronald W $127,600
Closed Eastman Marian S --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2023 11/17/23 Sold $425,000 0.0% $144 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
09/23/2023 09/23/23 For Sale $425,000 +52.9% $144 / Sq Ft
01/30/2013 01/30/13 Sold $278,000 0.0% $94 / Sq Ft
12/12/2012 12/12/12 Pending -- -- --
12/04/2012 12/04/12 Price Changed $278,000 -2.4% $94 / Sq Ft
11/01/2012 11/01/12 Price Changed $284,900 -3.4% $96 / Sq Ft
10/20/2012 10/20/12 For Sale $295,000 -- $100 / 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 $4,588 $417,900 $0 $0
2024 $4,588 $385,200 $0 $0
2023 $3,816 $352,500 $55,200 $297,300
2022 $3,552 $341,900 $0 $0
2021 $7,957 $331,300 $0 $0
2020 $3,768 $320,700 $55,200 $265,500
2019 $3,221 $307,100 $0 $0
2018 $3,079 $293,500 $0 $0
2017 $3,351 $279,900 $0 $0
2016 -- $279,900 $0 $0
2015 $3,971 $279,900 $0 $0
2014 $3,971 $280,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDCA2013186

Bright MLS

APN: 01-135244