NOT LISTED FOR SALE

14642 Solomons Island Rd S Unit 2 Solomons, MD 20688

Estimated Value: $463,217

2 Beds
1 Bath
811 Sq Ft
$571/Sq Ft Est. Value

Last Sold November 02, 2012

Last sale price $265,000 $327 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,759/month

164 Days on Market

Highlights

  • 70 Feet of Waterfront
  • Pier
  • Gourmet Kitchen
  • 1 Boat Dock
  • Pier or Dock
  • Lake Privileges

About This Home

As of November 2012

THE BEST INVESTMENT OPPORTUNITY ON SOLOMONS ISLAND. BEAUTIFUL CONDO ON SOLOMONS HARBOR...DEEP WATER SLIP INCLUDED, STORAGE AREA, ASSIGNED PARKING SPACE, OWNERSHIP OF 25% OF PARCEL AND IMPROVEMENTS.. CONDO HAS NO SET FEE AT THIS TIME. CALL BROKER FOR DETAILS.***CASH ONLY***

Last Agent to Sell the Property

Chris McNelis

(410) 610-4045 chris.mcnelis@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty License #17858 Listed on: 04/13/2012

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Chris McNelis

(410) 610-4045 chris.mcnelis@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty License #17858 Listed on: 04/13/2012

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,928

Year Built

  • Built in 2007

Lot Details

  • 70 Feet of Waterfront
  • Home fronts navigable water
  • Southeast Facing Home
  • Property is zoned TC, TC

HOA Fees

Parking

  • 1 Assigned Parking Space

Property Views

  • Water
  • Scenic Vista

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 811 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Window Treatments
  • Sliding Doors
  • Insulated Doors
  • Entrance Foyer
  • Open Floorplan
  • Storage Room

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Stove
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Pier
  • Water Access
  • Physical Dock Slip Conveys
  • 1 Boat Dock
  • 1 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted
  • Lake Privileges
  • Outdoor Storage
  • Porch

Utilities

  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0501201425

Community Details

Overview

  • Association fees include common area maintenance
  • Built by WM DAVIS
  • Owner/Self Management Community
  • Solomons Island Subdivision
  • The community has rules related to alterations or architectural changes, commercial vehicles not allowed

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,928

Year Built

Built in 2007

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 2007
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Stove, Washer
  • Interior Amenities: Kitchen - Gourmet, Breakfast Area, Combination Kitchen/Living, Combination Dining/Living, Upgraded Countertops, Window Treatments, Flat
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Insulated, Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Entry Location: Top Floor
  • Levels Count: 1
  • Room List: Bedroom 2, Kitchen, Foyer, Bedroom 1, Storage Room
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 811
  • Living Area Sq Ft: 811
  • Price Per Sq Ft: 338.96
  • Above Grade Finished Sq Ft: 811
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Combination, Brick
  • Dock Type: Pier (Perpendicular)
  • Construction Completed: No
  • Exterior Features: Secure Storage, Sidewalks
  • View: Water, Scenic Vista
  • Water Access: Yes
  • Water Body Name: BACK CREEK
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 70

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned

Utilities

  • Refuse: 113.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 200.00
  • HOA Fee Frequency: Unknown
  • Condo Co-Op Association: No
  • Condo Co-Op Fee: 200.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pier/Dock, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Commercial Vehicles Prohibited, Pets - Allowed
  • HOA: No

Lot Info

  • Improvement Assessed Value: 123100.00
  • Land Assessed Value: 157300.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: TC
  • Zoning Description: TC

Building Info

  • Builder Name: WM DAVIS

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14975903
  • Tax Annual Amount: 2928.22
  • Assessor Parcel Number: 0501201425
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2012
Closed on
Nov 2, 2012
Sold by
Fischer Susan and Estate Of Richard Fischer
Bought by
Szot Walter and Szot Dawn
Seller's Agent
Chris McNelis
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Chris McNelis
Berkshire Hathaway HomeServices PenFed Realty
List Price
$274,900
Sold Price
$265,000
Premium/Discount to List
-$9,900
-3.6%
Current Estimated Value
$463,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,217
Avg. Annual Appreciation
4.36%
Original Mortgage
$212,000
Outstanding Balance
$146,496
Interest Rate
3.39%
Mortgage Type
Commercial
Estimated Equity
$316,721

Purchase Details

Closed on
Sep 4, 1987
Sold by
Groom John C and Groom Sharon H
Bought by
Fischer Richard H

Purchase Details

Closed on
Mar 9, 1987
Sold by
Fischer Richard H
Bought by
Groom John C and Groom Sharon H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
9.03%
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
Szot Walter $265,000 None Available
Fischer Richard H $147,000 --
Groom John C $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Szot Walter $212,000
Previous Owner Groom John C $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2012 11/02/12 Sold $265,000 -3.6% $327 / Sq Ft
09/24/2012 09/24/12 Pending -- -- --
04/13/2012 04/13/12 For Sale $274,900 -- $339 / 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 $3,631 $322,000 $157,700 $164,300
2024 $3,631 $322,000 $157,700 $164,300
2023 $3,346 $322,000 $157,700 $164,300
2022 $3,346 $322,000 $157,700 $164,300
2021 $6,993 $322,000 $157,700 $164,300
2020 $3,507 $322,000 $157,700 $164,300
2019 $3,378 $322,000 $157,700 $164,300
2018 $3,378 $322,000 $157,700 $164,300
2017 $3,601 $326,900 $0 $0
2016 -- $326,900 $0 $0
2015 $2,928 $326,900 $0 $0
2014 $2,928 $326,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003932780

Bright MLS

APN: 01-201425