Landlord's Agent in 2025
Tori Kautz
Allfirst Realty, Inc.
(443) 370-2483
1 in this area
58 Total Sales
1278 Terrace Ln Arnold, MD 21012
Estimated Value: $488,000 - $640,000
4
Beds
2
Baths
2,268
Sq Ft
$249/Sq Ft
Est. Value
Highlights
- Rambler Architecture
- 1 Fireplace
- Forced Air Heating and Cooling System
- Arnold Elementary School Rated 10
- 1 Car Attached Garage
- Ceiling Fan
About This Home
As of January 2025Welcome to 1278 Terrace Lane - This single family home has 4 bedrooms and 2 full bath’s. The location is outstanding. Schools are listed and are desirable. Convenient to Community College, Naval Academy, Rt. 50 and Downtown Annapolis. Access to the Bay and Tons of Marinas. Incredible Sunroom. Lower Level Living Space includes a kitchen, bath, separate sleeping area and Spacious Recreation Area. Separate Entrance through the Garage.
Last Agent to Rent the Property
(443) 370-2483 sellinghomes@torikautz.com Allfirst Realty, Inc. License #664962 Listed on: 11/02/2024
Home Details
Home Type
- Single Family
Year Built
- Built in 1955
Lot Details
- 0.31 Acre Lot
- Property is zoned R5
Parking
- 1 Car Attached Garage
- Front Facing Garage
- Driveway
Home Design
- Rambler Architecture
- Brick Exterior Construction
Interior Spaces
- Property has 2 Levels
- Ceiling Fan
- 1 Fireplace
Bedrooms and Bathrooms
Finished Basement
- Walk-Out Basement
- Interior and Exterior Basement Entry
- Garage Access
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- Property Manager
Listing and Financial Details
- Residential Lease
- Security Deposit $3,400
- Tenant pays for minor interior maintenance, trash removal, all utilities
- No Smoking Allowed
- 12-Month Min and 24-Month Max Lease Term
- Available 11/4/24
- $150 Repair Deductible
- Assessor Parcel Number 020375802195400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 31, 2020
Closed on
Feb 16, 2021
Sold by
Lolmaugh Bryan P and Lolmaugh Kristin D
Bought by
Howe Philip N and Howe Jennifer M
Seller's Agent
Wanda Higgs
Chesapeake Homes 2 Own
Buyer's Agent
Mark Milligan
RE/Max Experience
List Price
$380,000
Sold Price
$380,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,808
Avg. Annual Appreciation
8.43%
Original Mortgage
$391,956
Outstanding Balance
$350,743
Interest Rate
2.73%
Mortgage Type
VA
Estimated Equity
$215,065
Purchase Details
Closed on
Oct 26, 2010
Sold by
Jp Morgan Chase Bank
Bought by
Lolmaugh Bryan P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
4.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 30, 2004
Sold by
Pearce Brenda L
Bought by
Vaysheloym Aleksandre
Purchase Details
Closed on
Jun 12, 2003
Sold by
Pearce Douglas A
Bought by
Pearce Brenda L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Howe Philip N | $380,000 | Turnkey Title Llc | |
| Lolmaugh Bryan P | $197,500 | -- | |
| Vaysheloym Aleksandre | $325,000 | -- | |
| Pearce Brenda L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Howe Philip N | $391,956 | |
| Previous Owner | Lolmaugh Bryan P | $158,000 | |
| Closed | Vaysheloym Aleksandre | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/17/2025 01/17/25 | Rented | $3,400 | 0.0% | -- | |
| 12/29/2024 12/29/24 | Under Contract | -- | -- | -- | |
| 11/02/2024 11/02/24 | For Rent | $3,400 | +4.6% | -- | |
| 11/10/2023 11/10/23 | Rented | $3,250 | 0.0% | -- | |
| 11/03/2023 11/03/23 | Under Contract | -- | -- | -- | |
| 09/19/2023 09/19/23 | Price Changed | $3,250 | -4.4% | $1 / Sq Ft | |
| 08/13/2023 08/13/23 | For Rent | $3,400 | 0.0% | -- | |
| 02/16/2021 02/16/21 | Sold | $380,000 | 0.0% | $132 / Sq Ft | View Prior Sale |
| 12/23/2020 12/23/20 | Pending | -- | -- | -- | |
| 10/31/2020 10/31/20 | For Sale | $380,000 | -- | $132 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $5,144 | $498,167 | -- | -- |
| 2024 | $5,144 | $460,800 | $273,500 | $187,300 |
| 2023 | $5,041 | $453,033 | $0 | $0 |
| 2022 | $4,742 | $445,267 | $0 | $0 |
| 2020 | $4,513 | $422,967 | $0 | $0 |
| 2019 | $4,366 | $408,433 | $0 | $0 |
| 2018 | $3,994 | $393,900 | $191,300 | $202,600 |
| 2017 | $3,518 | $364,067 | $0 | $0 |
| 2016 | -- | $334,233 | $0 | $0 |
| 2015 | -- | $304,400 | $0 | $0 |
| 2014 | -- | $304,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tori Kautz
-
datacorrect BrightMLS
d
Tenant's Agent in 2025
datacorrect BrightMLS
Non Subscribing Office
-
Wanda Higgs
W
Seller's Agent in 2021
Wanda Higgs
Chesapeake Homes 2 Own
(443) 336-6814
1 in this area
4 Total Sales
-
Mark Milligan
Buyer's Agent in 2021
Mark Milligan
RE/MAX
(410) 999-5830
13 in this area
112 Total Sales
Map
Source: Bright MLS
MLS Number: MDAA2095708
APN: 03-758-02195400
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