NOT LISTED FOR SALE

12788 Olivet Rd Lusby, MD 20657

Estimated Value: $173,000 - $293,431

3 Beds
1 Bath
800 Sq Ft
$303/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $270,000 $338 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,405/month

1 Day on Market

Highlights

  • Traditional Floor Plan
  • Main Floor Bedroom
  • Shed
  • Rambler Architecture
  • No HOA
  • Central Heating and Cooling System

About This Home

As of July 2024

Come enjoy this lovely 3 bedroom 1 bath rambler in Lusby. This 1⁄2 acre oasis has extensive renovations
throughout. The kitchen has all new appliances with new butcher block counter tops. The bathroom has
been renovated with new tile and a new toilet and vanity. Home is freshly painted throughout, new
moldings and updated with luxury vinyl plank flooring through the whole home. The electrical panel has
been replaced and the home has updated electrical wiring throughout. The crawl space has been fully
encapsulated and a new sump pump and dehumidifier installed. This home offers peace of mind with its
modern updates and renovations, making it an excellent and affordable option in Calvert County, MD.

Last Agent to Sell the Property

Zachary Wyvill

(301) 758-9630 zach.wyvill@gailnymangroup.com RE/MAX United Real Estate License #5005141 Listed on: 06/13/2024

RE/MAX United Real Estate

Last Buyer's Agent

Christina Vaselaros-Stevenson

(410) 610-8543 chrissy.vaselaros@mcnelisgroup.com RE/MAX Realty Group

RE/MAX Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,016

Year Built

  • Built in 1968 | Remodeled in 2024

Lot Details

  • 0.48

Parking

  • Dirt Driveway

Home Design

  • Rambler Architecture
  • Vinyl Siding

Interior Spaces

  • 800 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Dining Area
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • Dowell Elementary School
  • Mill Creek Middle School
  • Patuxent High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Shed
  • 0.48 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0501010395

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,016

Year Built

Built in 1968 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-06-13
  • Year Built: 1968
  • Year Renovated: 2024
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator
  • Interior Amenities: Dining Area, Floor Plan - Traditional, Entry Level Bedroom
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 800
  • Living Area Sq Ft: 800
  • Price Per Sq Ft: 325.00
  • Above Grade Finished Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Dirt Driveway
  • Type Of Parking: Driveway

Utilities

  • Refuse: 350.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: DOWELL
  • High School: PATUXENT
  • Middle Or Junior School: MILL CREEK

Lot Info

  • Lot Size Acres: 0.48
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20908.00
  • Zoning: R-1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2016.00
  • Assessor Parcel Number: 0501010395
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: CALVERT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Jul 8, 2024
Sold by
Equity Trust Company Custodian and John Christ Ira
Bought by
Squires Scott
Seller's Agent
Zachary Wyvill
RE/MAX United Real Estate
Buyer's Agent
Christina Vaselaros-Stevenson
RE/MAX Realty Group
List Price
$260,000
Sold Price
$270,000
Premium/Discount to List
$10,000
3.85%
Views
37
Current Estimated Value
$242,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,642
Avg. Annual Appreciation
-8.03%
Original Mortgage
$270,000
Outstanding Balance
$266,700
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
-$24,342

Purchase Details

Listed on
Jan 31, 2024
Closed on
Mar 25, 2024
Sold by
Lusby Properties Management Llc
Bought by
Equity Trust Co and John Christ Ira
Seller's Agent
Dawn Riley
RE/MAX One
Buyer's Agent
Zachary Wyvill
RE/MAX United Real Estate
List Price
$165,000
Sold Price
$150,000
Premium/Discount to List
-$15,000
-9.09%
Views
252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
565.98%

Purchase Details

Closed on
May 2, 2014
Sold by
Weems Desi
Bought by
Lusby Properties Management Llc

Purchase Details

Closed on
Apr 29, 2014
Sold by
Gross Joseph Franklin
Bought by
Weems Desi

Purchase Details

Closed on
Jul 24, 2009
Sold by
Gross Joseph F and Gross Nettie E
Bought by
Gross Joseph Franklin
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
Squires Scott $270,000 Lakeside Title
Equity Trust Co $150,000 Calvert Title
Equity Trust Co $150,000 Calvert Title
Lusby Properties Management Llc $52,000 None Available
Weems Desi $30,000 None Available
Gross Joseph Franklin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Squires Scott $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2024 07/15/24 Sold $270,000 +3.8% $338 / Sq Ft
06/13/2024 06/13/24 For Sale $260,000 +73.3% $325 / Sq Ft
03/25/2024 03/25/24 Sold $150,000 0.0% $188 / Sq Ft View Prior Sale
03/25/2024 03/25/24 Price Changed $150,000 -9.1% $188 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
03/04/2024 03/04/24 Off Market $165,000 -- --
01/31/2024 01/31/24 For Sale $165,000 -- $206 / 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 $1,606 $165,533 $0 $0
2024 $1,606 $160,067 $0 $0
2023 $1,606 $154,600 $109,200 $45,400
2022 $1,789 $151,900 $0 $0
2021 $1,734 $149,200 $0 $0
2020 $1,734 $146,500 $109,200 $37,300
2019 $1,739 $146,500 $109,200 $37,300
2018 $1,726 $146,500 $109,200 $37,300
2017 $1,753 $147,300 $0 $0
2016 -- $146,633 $0 $0
2015 $1,679 $145,967 $0 $0
2014 $1,679 $145,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDCA2016270

Bright MLS

APN: 01-010395