NOT LISTED FOR SALE

1502 Lee Way Edgewater, MD 21037

Estimated Value: $779,000 - $1,013,000

3 Beds
2.5 Baths
1,344 Sq Ft
$690/Sq Ft Est. Value

Last Sold September 02, 2016

Last sale price $415,000 $309 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $5,390/month

3 Days on Market

Highlights

  • 50 Feet of Waterfront
  • 1 Boat Dock
  • Pier
  • South River High School Rated A
  • Beach
  • Open Floorplan

About This Home

As of September 2016

Privacy abounds in this Big Pond water front home in Saunders Point. Enjoy the water from the dock, crab, fish, kayak and swim in the protected waters. Outdoor barbeque with crab steaming area- great for entertaining. Watch the wildlife from a gorgeous picture window in the living room. Generous kitchen, indoor porch and 3 bedrooms and 2.5 baths complete the picture.

Last Agent to Sell the Property

Rene' Butta

(443) 534-9929 thebuttateam@gmail.com Coldwell Banker Realty Listed on: 07/22/2016

Coldwell Banker Realty

Co-Listed By

David Butta

(410) 382-6116 thebuttateam2@gmail.com Coldwell Banker Realty

Last Buyer's Agent

Karen Holtz

(443) 336-8527 karenholtz22@gmail.com Douglas Realty, LLC

Douglas Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,506

Year Built

  • Built in 1971

Lot Details

  • 0.46 Acre Lot
  • 50 Feet of Waterfront
  • Split Lakefront
  • No Through Street
  • Private Lot
  • Secluded Lot
  • Tidal Wetland on Lot
  • Property is in very good condition
  • Property is zoned R2

HOA Fees

  • $5 Monthly HOA Fees

Home Design

  • Rambler Architecture
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • 1 Fireplace
  • Double Pane Windows
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Water Views

Kitchen

  • Electric Oven or Range
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2.5 Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Heated Basement
  • Connecting Stairway
  • Exterior Basement Entry
  • Shelving
  • Workshop
  • Basement with some natural light

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Pier
  • Water Oriented
  • Property is near a lake
  • 1 Boat Dock
  • Physical Dock Slip Conveys
  • Dock made with Treated Lumber
  • Pond
  • Lake Privileges
  • Deck
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 020172500509055

Community Details

Overview

  • Saunders Point Subdivision
  • Community Lake

Amenities

  • Common Area

Recreation

  • Beach
  • Community Basketball Court
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,506

Year Built

Built in 1971

Lot Details

0

HOA Fees

$5 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 1971
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Stove, Oven/Range - Electric, Refrigerator, Washer, Water Heater, Dryer
  • Interior Amenities: Combination Kitchen/Dining, Primary Bath(s), Entry Level Bedroom, Window Treatments, Wood Floors, Floor Plan - Traditional, Floor Plan - Open
  • Window Features: Double Pane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Outside Entrance, Connecting Stairway, Daylight, Partial, Heated, Improved, Partially Finished, Shelving, Workshop
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Construction Materials: Aluminum Siding
  • Dock Type: Pier (Perpendicular)
  • Pool Private: No
  • Roof: Asphalt
  • View: Water
  • View: Yes
  • Water Access: No
  • Water Body Name: BIG POND
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Driveway, Off Street

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 60.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Common Grounds, Lake, Tot Lots/Playground, Water/Lake Privileges
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School: MAYO
  • High School: SOUTH RIVER
  • Middle Or Junior School: CENTRAL

Green Features

  • Green Verification: No

Lot Info

  • Lot Features: Pond, Tidal Wetland, Secluded, Private, No Thru Street
  • Lot Size Acres: 0.46
  • Lot Size Area: 20220
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20220.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6505.93
  • Assessor Parcel Number: 020172500509055
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

Multi Family

  • Dock Slip Conveyance: Deeded
  • Waterfront Features: Private Dock Site, Split Lakefront

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2016
Closed on
Sep 2, 2016
Sold by
Coyle Stacey L and Belt Robert R
Bought by
Travis Robert and Travis Lisa
Seller's Agent
Rene' Butta
Coldwell Banker Realty
Buyer's Agent
Karen Holtz
Douglas Realty, LLC
List Price
$432,500
Sold Price
$415,000
Premium/Discount to List
-$17,500
-4.05%
Current Estimated Value
$926,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$511,960
Avg. Annual Appreciation
8.95%
Original Mortgage
$394,250
Outstanding Balance
$312,340
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$614,620
Source: Public Records
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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
Travis Robert $415,000 Progressive Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Travis Robert $394,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2016 09/02/16 Sold $415,000 -4.0% $309 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $432,500 -- $322 / 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 $7,026 $793,333 -- --
2024 $7,026 $718,667 $0 $0
2023 $6,796 $644,000 $315,500 $328,500
2022 $6,354 $621,067 $0 $0
2020 $6,062 $575,200 $315,500 $259,700
2019 $5,943 $552,633 $0 $0
2018 $5,375 $530,067 $0 $0
2017 $4,612 $415,000 $0 $0
2016 -- $599,800 $0 $0
2015 -- $599,800 $0 $0
2014 -- $626,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rene' Butta

    Seller's Agent in 2016

    Rene' Butta

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (443) 534-9929

    117 Total Sales

    Rene' Butta
    Section Image
  • David Butta

    Seller Co-Listing Agent in 2016

    David Butta

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (410) 382-6116

    6 Total Sales

    David Butta
    Section Image
  • Karen Holtz

    Buyer's Agent in 2016

    Karen Holtz

    Douglas Realty, LLC

    (443) 336-8527

    44 Total Sales

    Karen Holtz
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003267673

Bright MLS

APN: 01-725-00509055

Maryland Anne Arundel County Edgewater 21037

1502 Lee Way, Edgewater, MD

Not Listed for Sale

Detached

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