NOT LISTED FOR SALE

1403 Olive St Edgewater, MD 21037

Estimated Value: $366,000 - $439,000

2 Beds
1 Bath
1,144 Sq Ft
$365/Sq Ft Est. Value

Last Sold April 29, 2019

Last sale price $230,000 $201 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,554/month

14 Days on Market

Highlights

  • Home fronts navigable water
  • Canoe or Kayak Water Access
  • Wood Flooring
  • South River High School Rated A
  • Fishing Allowed
  • 1 Community Docks

About This Home

As of April 2019

Adorable beach cottage has been in the family for generations and lovingly cared for. 2 bedrooms plus a small office. Walk out of your front door and be at the water in less than a block on your right or your left sides. Slight water views from cozy screened porch and upper level. If you desire a bigger home there is a large rear yard that allows for possible expansion. Community boat ramp, launching pier and the best beach in Edgewater with expansive Chesapeake Bay views! Enjoy the water lifestyle with walks on the beach (dog friendly!), kayaking, paddle boarding, sailing, jet skiing, fishing, swimming, bonfires, etc. If you are looking for a lifestyle change, escape to the beach! Community beach access map is available in the photos. Tax record shows square footage as 836 but does not account for additional 308 SF on upper level for a total of 1144 Sq Ft.

Last Agent to Sell the Property

Arian Lucas

(443) 569-2724 arian@slsrealtors.com Lofgren-Sargent Real Estate License #609740 Listed on: 03/13/2019

Last Buyer's Agent

Bob Chew

(410) 995-9600 brg@bobandronna.com Samson Properties License #0225277244

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,601

Year Built

  • Built in 1950

Lot Details

  • 8,000 Sq Ft Lot
  • Home fronts navigable water
  • Back Yard
  • Property is zoned R5

Home Design

  • Cottage
  • Wood Walls
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,144 Sq Ft Home
  • Property has 1.5 Levels
  • Ceiling Fan
  • Wood Burning Fireplace
  • Home Office
  • Wood Flooring
  • Crawl Space
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 1 Full Bathroom

Parking

  • Dirt Driveway
  • Off-Street Parking

Outdoor Features

  • Canoe or Kayak Water Access
  • Property near a bay
  • Personal Watercraft
  • Swimming Allowed
  • Powered Boats Permitted
  • Screened Patio
  • Shed
  • Porch

Schools

  • Mayo Elementary School
  • Central Middle School
  • South River High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Well
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 020174901803200

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

$2,601

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Wood Floors
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall, Wood Walls
  • Foundation Details: Crawl Space
  • Levels Count: 1.5
  • Room List: Office
  • Basement: No
  • Total Sq Ft: 1144
  • Living Area Sq Ft: 1144
  • Price Per Sq Ft: 218.53
  • Above Grade Finished Sq Ft: 1144
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • 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
  • Roof: Asphalt
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Chesapeake Bay & Ramsey Lake
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: MAYO
  • High School: SOUTH RIVER
  • Middle Or Junior School: CENTRAL

Lot Info

  • Lot Features: Rear Yard
  • Lot Size Acres: 0.18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8000.00
  • Outdoor Living Structures: Porch(es), Screened
  • Zoning: R5
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2601.00
  • Assessor Parcel Number: 020174901803200
  • Tax Lot: 11
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2019
Closed on
Apr 29, 2019
Sold by
Raeder Karen M and Wyant Christina L
Bought by
Fowler Clark Jr Morris William and Fowler Clark Jami
Seller's Agent
Arian Lucas
Lofgren-Sargent Real Estate
Buyer's Agent
Bob Chew
Samson Properties
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Current Estimated Value
$418,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,021
Avg. Annual Appreciation
9.33%

Purchase Details

Closed on
Sep 19, 2017
Sold by
Raeder Karen M and Teh Estate Of Joretta Mae Cros
Bought by
Raeder Karen M and Wayant Christina L

Purchase Details

Closed on
Apr 3, 2013
Sold by
Crosby Joretta Mae and The Estate Of Wayne L Crosby
Bought by
Crosby Joretta Mae

Purchase Details

Closed on
Mar 28, 2007
Sold by
Crosby Lewis W
Bought by
Crosby Wayne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2006
Sold by
Crosby Lewis W
Bought by
Crosby Wayne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
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
Fowler Clark Jr Morris William $230,000 Sage Title Group Llc
Raeder Karen M -- None Available
Crosby Joretta Mae -- Home First Title Group Llc
Crosby Wayne L $75,200 --
Crosby Wayne L $75,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crosby Wayne L $85,000
Previous Owner Crosby Wayne L $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2019 04/29/19 Sold $230,000 0.0% $201 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
03/26/2019 03/26/19 Off Market $230,000 -- --
03/20/2019 03/20/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $250,000 -- $219 / 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 $4,455 $335,900 -- --
2024 $4,455 $309,200 $0 $0
2023 $4,084 $282,500 $204,000 $78,500
2022 $3,824 $274,567 $0 $0
2021 $3,742 $266,633 $0 $0
2020 $3,618 $258,700 $204,000 $54,700
2019 $3,450 $242,367 $0 $0
2018 $2,292 $226,033 $0 $0
2017 $2,893 $209,700 $0 $0
2016 -- $201,400 $0 $0
2015 -- $193,100 $0 $0
2014 -- $184,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA377228

Bright MLS

APN: 01-749-01803200