NOT LISTED FOR SALE

1506 Lee Way Edgewater, MD 21037

Estimated Value: $464,211 - $525,000

3 Beds
1.5 Baths
1,350 Sq Ft
$363/Sq Ft Est. Value

Sale Details

Date Sold: March 12, 2021

Last sale price $370,000 $274 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,002 / mo

9 Days on Market

Highlights

  • Water Access
  • Wood Burning Stove
  • 1 Fireplace
  • South River High School Rated A
  • Rambler Architecture
  • No HOA

About This Home

As of March 2021

FROM THE MOMENT YOU ENTER THIS WATER COMMUNITY YOU FALL IN LOVE WITH ALL THAT IT HAS TO OFFER. THIS HIDDEN GEM WILL NOT DISSAPOINT. ONE LEVEL LIVING WITH A HUGE ADDITION ON THE BACK. PATRIAL WATER VIEWS FROM THE HOME ARE BEAUTIFUL. OWNERS HAVE UPGRADED MANY FEATURES OF THE HOME AND HAVE TAKEN GREAT CARE TO MAINTAIN AND LOVE THE HOME. NEWER WINDOWS, PAINT, LIGHTING, APPLIANCES AND MORE. THE FRONT LIVING ROOM FEATURES HARDWOOD FLOORS AND A WOOD STOVE TO WARM YOU UP. SUN DRENCHED WITH NATURAL LIGHT. BEDROOMS ARE A GOOD SIZE AND THE BATHROOMS HAVE BEEN UPGRADED. FULLY FENCED BACK YARD WITH PLENTY OF SPACE TO EXPAND AND /OR ENTERTAIN. CLOSE PROXIMITY TO MANY AMENITIES. LOCATED IN THE WATER COMMUNITY OF SAUNDERS POINT ON THE MAYO PENINSULA FEATURING A SMALL COMMUNITY BEACH AND PIER OVERLOOKING THE BAY, MINUTES FROM BEVERLY TRITON PARK WITH BEACH AND FISHING PONDS.

Last Agent to Sell the Property

Michelle Jonasson-Jones

(410) 202-8454 m.jonassonjones@redfin.com Redfin Corp License #592662 Listed on: 02/04/2021

Redfin Corp

Last Buyer's Agent

Brendan Noone

(410) 263-8686 khylah.settle@cbmove.com Coldwell Banker Realty License #655536

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,551

Year Built

  • Built in 1965

Lot Details

  • 11,250 Sq Ft Lot
  • Property is in excellent condition
  • Property is zoned R2

Parking

  • 1 Car Attached Garage
  • 4 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Rambler Architecture

Interior Spaces

  • 1,350 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • 1 Fireplace
  • Wood Burning Stove
  • Family Room Off Kitchen
  • Eat-In Kitchen
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Bathtub with Shower

Outdoor Features

  • Water Access
  • Property is near a pond

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • Saunders Point Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 020172500202586

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,551

Year Built

Built in 1965

Lot Details

0.26 Acres

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1965
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Eat-In, Kitchen - Table Space, Family Room Off Kitchen, Tub Shower, Stove - Wood
  • Fireplaces Count: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1350
  • Living Area Sq Ft: 1350
  • Price Per Sq Ft: 277.78
  • Above Grade Finished Sq Ft: 1350
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: Yes
  • Water Body Name: BIG POND CHESAPEAKE BAY
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump(s)
  • 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

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: MAYO
  • High School: SOUTH RIVER
  • Middle Or Junior School: CENTRAL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 105300.00
  • Land Assessed Value: 216300.00
  • Lot Size Acres: 0.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11250.00
  • Property Condition: Excellent
  • Zoning: R2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15160247
  • Tax Annual Amount: 3551.00
  • Assessor Parcel Number: 020172500202586
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2021
Closed on
Mar 12, 2021
Sold by
Bought by
Seller's Agent
Michelle Jonasson-Jones
Redfin Corp
Buyer's Agent
Brendan Noone
Coldwell Banker Realty
List Price
$375,000
Sold Price
$370,000
Premium/Discount to List
-$5,000
-1.33%
Current Estimated Value
$489,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,579
Avg. Annual Appreciation
5.42%
Original Mortgage
$383,320
Interest Rate
0.0273%
Mortgage Type
VA

Purchase Details

Listed on
Nov 4, 2015
Closed on
Apr 27, 2016
Sold by
Seller's Agent
Darlene Zahorec
Gamble Realty, Inc
Buyer's Agent
Michelle Jonasson-Jones
Redfin Corp
List Price
$299,000
Sold Price
$295,000
Premium/Discount to List
-$4,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.75%
Original Mortgage
$289,656
Interest Rate
0.0325%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$370,000 Verus Title Inc
$295,000 Abonar Title Company Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $165,200
Closed $383,320
Closed $289,656
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2021 03/12/21 Sold $370,000 -1.3% $274 / Sq Ft
02/13/2021 02/13/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $375,000 +27.1% $278 / Sq Ft
04/27/2016 04/27/16 Sold $295,000 -1.3% $194 / Sq Ft View Prior Sale
03/07/2016 03/07/16 Pending -- -- --
12/07/2015 12/07/15 Price Changed $299,000 0.0% $197 / Sq Ft
12/07/2015 12/07/15 For Sale $299,000 +1.4% $197 / Sq Ft
11/20/2015 11/20/15 Pending -- -- --
11/04/2015 11/04/15 For Sale $295,000 -- $194 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,294 $346,133 -- --
2024 $4,158 $333,867 $0 $0
2023 $3,986 $321,600 $216,300 $105,300
2022 $3,754 $318,067 $0 $0
2020 $3,640 $311,000 $211,300 $99,700
2019 $6,664 $293,833 $0 $0
2018 $2,805 $276,667 $0 $0
2017 $2,981 $259,500 $0 $0
2016 -- $252,967 $0 $0
2015 -- $246,433 $0 $0
2014 -- $239,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brendan Noone

    Buyer's Agent in 2021

    Brendan Noone

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (443) 534-6067

    51 Total Sales

    Brendan Noone
    Section Image

  • D

    Seller's Agent in 2016

    Darlene Zahorec

    Gamble Realty, Inc

    (410) 279-1273

    11 Total Sales

    Darlene Zahorec
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDAA458582

Bright MLS

APN: 01-725-00202586

Maryland Anne Arundel County Edgewater 21037

1506 Lee Way, Edgewater, MD

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2026 Bright MLS, Inc.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.