NOT LISTED FOR SALE

1548 Widows Mite Rd Edgewater, MD 21037

Estimated Value: $1,449,000 - $2,696,485

1.71 Acres
$1,307,697 Price per Acre
74,488 Sq Ft Lot

Last Sold January 26, 2017

Last sale price $440,000

Est. 408% increase in value since last sale

Current estimated payment $13,004/month

Highlights

  • 190 Feet of Waterfront
  • River View
  • Wooded Lot
  • Central Middle School Rated A-
  • 1.71 Acre Lot
  • No HOA

About This Lot

As of January 2017

One of the last remaining unimproved waterfront building sites on Larrimore's Point, an exclusive 6 lot subdivision at the confluence of the South River & Glebe Bay. 1.71 acre wooded parcel with southwest exposure & 190' of riparian water frontage. Public sewer at site. Currently under a Vegetative Management Plan (VMP) with A.A.Co. Restorative buffer management in process. You can now see water.

Last Agent to Sell the Property

Dave Wright

(410) 353-1040 david.wright@cbmove.com Coldwell Banker Realty License #44740 Listed on: 10/09/2014

Coldwell Banker Realty

Last Buyer's Agent

Bridgette Jacobs

(443) 694-8030 bridgette@lnf.com Long & Foster Real Estate, Inc. License #628264

Long & Foster Real Estate, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,408

Lot Details

  • 1.71 Acre Lot
  • 190 Feet of Waterfront
  • Home fronts navigable water
  • Southwest Facing Home
  • The property's topography is moderate slope
  • Wooded Lot
  • Property is zoned R5

Property Views

  • River Views

Utilities

  • Well
  • Well Permit Not Applied For

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 020145704602300

Community Details

Overview

  • No Home Owners Association
  • Larrimore's Point Subdivision

Recreation

  • Water Access
  • Property near a bay

Property Details

Property Type

Land

Est. Annual Taxes

$6,408

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 6.65

Exterior Features

  • Construction Completed: No
  • View: Water, River
  • Water Access: Yes
  • Water Body Name: GLEBE BAY
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 190

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Well, Well Permit Not Applied For

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Trees/Wooded
  • Lot Size Acres: 1.71
  • Lot Size Area: 74487
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 74487.00
  • Possible Use: Residential
  • Topography: Moderate Slope
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15158432
  • Tax Annual Amount: 6407.51
  • Assessor Parcel Number: 020145704602300
  • Tax Lot: 6
  • Tax Page Number: 00566
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

Multi Family

  • Dock Slip Conveyance: None Available

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2023
Sold by
Cates Mark L and Cates Lillian L
Bought by
Cates Family Trust
Current Estimated Value
$2,236,162

Purchase Details

Listed on
Oct 9, 2014
Closed on
Jan 26, 2017
Sold by
Manis Thayer Ann and Larrimore Family Trust
Bought by
Cates Mark L and Cates Lillian L
Seller's Agent
Dave Wright
Coldwell Banker Realty
Buyer's Agent
Bridgette Jacobs
Long & Foster Real Estate, Inc.
List Price
$595,000
Sold Price
$440,000
Premium/Discount to List
-$155,000
-26.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.39%

Purchase Details

Closed on
Jan 26, 2016
Sold by
Manis Thayer Ann
Bought by
Cates Mark L and Cates Lillian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$848,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cates Family Trust -- --
Cates Mark L $440,000 Sage Title Group Llc
Cates Mark L $440,000 Sage Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cates Mark L $848,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2017 01/26/17 Sold $440,000 -26.1% --
01/24/2016 01/24/16 Pending -- -- --
10/09/2014 10/09/14 For Sale $595,000 -- --
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 $15,588 $2,014,300 -- --
2024 $15,588 $1,775,000 $0 $0
2023 $12,589 $1,535,700 $699,100 $836,600
2022 $14,076 $1,437,133 $0 $0
2021 $27,460 $1,338,567 $0 $0
2020 $13,358 $1,240,000 $489,100 $750,900
2019 $13,370 $1,240,000 $489,100 $750,900
2018 $12,574 $1,240,000 $489,100 $750,900
2017 $5,901 $579,100 $0 $0
2016 -- $579,100 $0 $0
2015 -- $579,100 $0 $0
2014 -- $579,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dave Wright

    Seller's Agent in 2017

    Dave Wright

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (410) 353-1040

    33 Total Sales

    Dave Wright
    Section Image
  • Bridgette Jacobs

    Buyer's Agent in 2017

    Bridgette Jacobs

    Long & Foster

    (443) 694-8030

    1 in this area

    254 Total Sales

    Bridgette Jacobs
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003226492

Bright MLS

APN: 01-457-04602300

Maryland Anne Arundel County Edgewater 21037

1548 Widows Mite Rd, Edgewater, MD

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