$1,310,000
SOLD APR 25, 2017

1423 Sharps Point Rd Annapolis, MD 21409

Pendennis Mount Neighborhood
3.02 Acres
$433,775 Price per Acre
131,551 Sq Ft Lot

Recently Sold

$240 Per Sq Ft

33% Below List Price

350 Days on Market

Highlights

  • 200 Feet of Waterfront
  • 2 Dock Slips
  • Guest House
  • Broadneck High School Rated A
  • Pier
  • 3.02 Acre Lot

About This Lot

As of April 2017

UNDER CONTRACT. SHOW FOR BACK-UPS. Amazing views! Build your dream home! This property already has a perfectly dug well, septic to accommodate a mansion, a 300 foot pier and new 5-car two-level detached garage. Only 6 miles by car and a quick boat ride to Historic Annapolis. Be close to it all AND away from it all! Compare with MLS #AA8100468.

Last Agent to Sell the Property

Beth Costello

Douglas Realty, LLC License #529399 Listed on: 01/28/2016

Douglas Realty, LLC

Last Buyer's Agent

Kevin Gray

Compass

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,109

Lot Details

  • 3.02 Acre Lot
  • 200 Feet of Waterfront
  • Home fronts navigable water
  • Premium Lot
  • Property is zoned RLD

Utilities

  • Well
  • Septic Tank

Additional Features

  • Water Views
  • Guest House

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 020366125472800

Community Details

Overview

  • No Home Owners Association
  • Pleasant Plains Subdivision

Recreation

  • Pier
  • Water Access
  • Property near a bay
  • Bulkhead
  • Rip-Rap
  • 2 Dock Slips
  • Physical Dock Slip Conveys
  • 2 Powered Boats Permitted
  • 2 Non-Powered Boats Permitted
  • Deck

Property Details

Property Type

Land

Est. Annual Taxes

$20,109

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Remarks Public: UNDER CONTRACT. SHOW FOR BACK-UPS. Amazing views! Build your dream home! This property already has a perfectly dug well, septic to accommodate a mansion, a 300 foot pier and new 5-car two-level detached garage. Only 6 miles by car and a quick boat ride to Historic Annapolis. Be close to it all AND away from it all! Compare with MLS #AA8100468.
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 11.40
  • Street Number Modifier: 1423

Exterior Features

  • Other Structures List: Guest House
  • Dock Type: Pier (Perpendicular)
  • Construction Completed: No
  • View: Water
  • Water Access: Yes
  • Water Body Name: CHESAPEAKE BAY
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 200

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: No
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • School District Key: 121140671932

Lot Info

  • Lot Features: Bulkheaded, Premium, Rip-Rapped
  • Lot Size Acres: 3.02
  • Lot Size Area: 131551
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 131551.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2015
  • Zoning: RLD

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 20108.94
  • Assessor Parcel Number: 020366125472800
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015
  • Close Date: 04/25/2017

Multi Family

  • Dock Slip Conveyance: Deeded
  • Mean Low Water Feet: 3
  • Waterfront Features: Rip-Rap, Private Dock Site

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2016
Closed on
Apr 25, 2017
Sold by
Costello Willaim and Costello Janicee
Bought by
Rubin Andrew
Seller's Agent
Beth Costello
Douglas Realty, LLC
Buyer's Agent
Kevin Gray
Compass
List Price
$1,500,000
Sold Price
$1,310,000
Premium/Discount to List
-$190,000
-12.67%
Current Estimated Value
$3,436,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,126,038
Avg. Annual Appreciation
12.45%
Original Mortgage
$1,048,000
Outstanding Balance
$876,078
Interest Rate
3.85%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,559,960

Purchase Details

Closed on
Dec 31, 2015
Sold by
Costello William and Costello Janice Faye
Bought by
Costello William and Costello Janice Faye

Purchase Details

Closed on
Aug 30, 2011
Sold by
Costello William and Costello Williajanice Faye
Bought by
West Susan Marie and Fink Elizabeth Costello

Purchase Details

Closed on
May 19, 1989
Sold by
Robinson Helen S
Bought by
Costello William and Costello Janice F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
10.69%
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 Type Sale Price Title Company
Deed $1,310,000 Distict Title
Interfamily Deed Transfer -- None Available
Deed -- None Available
Deed $465,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 Future Advance Clause Open End Mortgage
Open $1,048,000 Adjustable Rate Mortgage/ARM
Previous Owner $625,000 Credit Line Revolving
Previous Owner $200,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2017 04/25/17 Sold $1,310,000 0.0% $240 / Sq Ft
04/25/2017 04/25/17 Sold $1,310,000 -12.7% $175 / Sq Ft
01/18/2017 01/18/17 For Sale $1,500,000 0.0% $200 / Sq Ft
01/12/2017 01/12/17 Pending -- -- --
01/12/2017 01/12/17 Pending -- -- --
01/11/2017 01/11/17 Pending -- -- --
10/06/2016 10/06/16 For Sale $1,500,000 -23.1% $200 / Sq Ft
01/28/2016 01/28/16 For Sale $1,950,000 -- $357 / 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
2024 $26,337 $2,344,900 $1,692,300 $652,600
2023 $24,423 $2,236,567 $0 $0
2022 $22,240 $2,128,233 $0 $0
2021 $43,375 $2,019,900 $1,367,300 $652,600
2020 $20,276 $1,887,100 $0 $0
2019 $35,937 $1,754,300 $0 $0
2018 $16,442 $1,621,500 $1,267,300 $354,200
2017 $3,108 $1,731,300 $0 $0
2016 -- $1,731,300 $0 $0
2015 -- $1,914,100 $0 $0
2014 -- $1,914,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Beth Costello

    Seller's Agent in 2017

    Beth Costello

    Douglas Realty, LLC

    (410) 703-0158

    2 in this area

    29 Total Sales

    Beth Costello
    Section Image
  • Kevin Gray

    Buyer's Agent in 2017

    Kevin Gray

    Compass

    (202) 360-3945

    127 Total Sales

    Kevin Gray
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002371358

Bright MLS

APN: 03-661-25472800

Maryland Anne Arundel County Annapolis 21409 Pendennis Mount

1423 Sharps Point Rd, Annapolis, MD

This home is located at 1423 Sharps Point Rd, Annapolis, MD 21409 and is currently priced at $1,310,000, approximately $239 per square foot. 1423 Sharps Point Rd is a home located in Anne Arundel County with nearby schools including Windsor Farm Elementary School, Severn River Middle School, and Broadneck High School.

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