NOT LISTED FOR SALE

1391 Nancy St Edgewater, MD 21037

Estimated Value: $403,000 - $480,000

3 Beds
1 Bath
1,224 Sq Ft
$362/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $265,000 $217 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,727/month

3 Days on Market

Highlights

  • Home fronts navigable water
  • Canoe or Kayak Water Access
  • Wood Burning Stove
  • South River High School Rated A
  • Fishing Allowed
  • Rambler Architecture

About This Home

As of September 2021

Wonderful opportunity in water oriented Shoreham Beach! The existing cottage is in disrepair requiring tear down / re-build. The total lot size is nearly a 1/2 acre and is comprised of 2 separate parcels. There is potential to build not one but two residences on this large corner lot (buyer to do their due diligence with the county and an engineering firm but the department of planning and zoning has indicated via email that the property consists of 2 separate/legal parcels). The smaller parcel which consists of 2 lots would require a well easement on the larger parcel or variance in order to adhere to set-back requirements from the Mayo public septic system. Or keep it simple and explore building a larger home on this large parcel. Shoreham Beach offers a community beach and a boat ramp. Community residents enjoy kayaking, sailing, swimming and fishing along with views of the Thomas Point Lighthouse across the bay. Feeding to Mayo Elementary, Central Middle and South River High with easy access to Annapolis, DC/Baltimore.

Last Agent to Sell the Property

Rachel Best

(443) 454-5959 tbi.homes@gmail.com RE/MAX Leading Edge License #637776 Listed on: 08/05/2021

RE/MAX Leading Edge

Last Buyer's Agent

Colleen Smith

(443) 995-2409 colleen.smith@longandfoster.com EXP Realty, LLC License #650285

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,650

Year Built

  • Built in 1955

Lot Details

  • 0.42 Acre Lot
  • Home fronts navigable water
  • Corner Lot
  • Additional Land
  • Property is zoned R5, RESIDENTIAL 5 UNITS/ACRE

Home Design

  • Rambler Architecture
  • Fixer Upper

Interior Spaces

  • 1,224 Sq Ft Home
  • Property has 1 Level
  • Wood Burning Stove
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Canoe or Kayak Water Access
  • Property near a bay
  • Powered Boats Permitted

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 020174904213500

Community Details

Overview

  • No Home Owners Association
  • Shoreham Beach Subdivision

Recreation

  • 1 Community Docks
  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,650

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: PROPERTY CONVEYS STRICTLY AS- IS WHERE IS
  • New Construction: No
  • Story List: Main
  • Year Built: 1955
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1224
  • Living Area Sq Ft: 1224
  • Price Per Sq Ft: 216.50
  • Above Grade Finished Sq Ft: 1224
  • 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
  • Construction Materials: Mixed
  • Spa: No
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed
  • Water Access: Yes
  • Water Body Name: RAMSAY LAKE / 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, Off Street

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric, Wood
  • Heating Type: Baseboard - Electric, Wood Burn Stove
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 103900.00
  • Land Assessed Value: 226900.00
  • Lot Features: Additional Lot(s), Corner
  • Lot Size Acres: 0.42
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18200.00
  • Property Condition: Major Rehab Needed
  • Zoning: R5
  • Zoning Description: RESIDENTIAL 5 UNITS/ACRE
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 15161402
  • Tax Annual Amount: 3650.00
  • Assessor Parcel Number: 020174904213500
  • Tax Lot: 28
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Oct 8, 2021
Sold by
Marie Kemon Jean
Bought by
Way Jeffrey Ivan and Way Beatrice Jocelyn
Seller's Agent
Rachel Best
RE/MAX Leading Edge
Buyer's Agent
Colleen Smith
EXP Realty, LLC
List Price
$265,000
Sold Price
$265,000
Current Estimated Value
$443,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,462
Avg. Annual Appreciation
12.78%
Original Mortgage
$270,000
Interest Rate
4.25%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Way Jeffrey Ivan $265,000 Sage Title
Way Jeffrey Ivan $265,000 Sage Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Way Jeffrey Ivan $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $265,000 0.0% $217 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
08/07/2021 08/07/21 Off Market $265,000 -- --
08/05/2021 08/05/21 For Sale $265,000 -- $217 / 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 $4,891 $379,967 -- --
2024 $4,891 $349,033 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rachel Best

    Seller's Agent in 2021

    Rachel Best

    RE/MAX

    (443) 454-5959

    3 in this area

    143 Total Sales

    Rachel Best
    Section Image
  • Colleen Smith

    Buyer's Agent in 2021

    Colleen Smith

    EXP Realty, LLC

    (443) 995-2409

    17 in this area

    243 Total Sales

    Colleen Smith
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDAA2006116

Bright MLS

APN: 01-749-04213500

Maryland Anne Arundel County Edgewater 21037

1391 Nancy St, Edgewater, MD

Not Listed for Sale

Detached

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