Seller's Agent in 2021
Brad Kappel
TTR Sotheby's International Realty
(410) 279-9476
21 in this area
399 Total Sales
1643 Orchard Beach Rd Annapolis, MD 21409
Pendennis Mount NeighborhoodEstimated Value: $1,709,880
2
Beds
1.5
Baths
1,608
Sq Ft
$1,063/Sq Ft
Est. Value
Highlights
- Boathouse
- 200 Feet of Waterfront
- Boat or Launch Ramp
- Arnold Elementary School Rated 10
- Marina View
- Access to Tidal Water
About This Home
As of May 2021Generate income and achieve the ultimate Annapolis waterfront lifestyle on Mill Creek. Enjoy quick access by boat to the Chesapeake Bay and the Severn River. A waterfront opportunity like this rarely comes to market! Orchard Beach Marina has 17 fully-leased slips that generate over $75,000 in annual gross revenue! Renovate the existing cottage or build your dream custom waterfront home on this (.71) acre waterfront property with stunning panoramic views of Mill Creek and protected deep water access (10ft MLW). Recent upgrades include two new nitrogen septic systems and two new wells with water treatment system. State of the art floating dock, new electric service and water service to pier. New bath house with shower and garage/work shop. Separate Marina office with storage below. Matt paver system under the parking and driveway area is designed to support heavy equipment. There is also the ability to run a commercial repair business on the property as part of the continued non-conforming status. Architectural plans available for a new 3,500 SQFT home and the recently installed septic system will help to expedite the permit process. Permits can be renewed for the redevelopment. This is the perfect location for a VRBO or Airbnb vacation rental home, generate income from not only the marina but also the residence. This property is located in the Broadneck school district and it is a great location for quick access to Downtown Annapolis, heading over the Bay Bridge to the Eastern shore or jumping on Rt. 50 to get back to Washington, DC. Don't let this positive-cash-flow waterfront investment opportunity slip away! Be sure to view the video tour.
Last Agent to Sell the Property
(410) 279-9476 brad.kappel@sothebysrealty.com TTR Sotheby's International Realty Listed on: 06/11/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,424
Year Built
- Built in 1955
Lot Details
- 0.71 Acre Lot
- 200 Feet of Waterfront
- Home fronts navigable water
- Creek or Stream
- Side Yard
- Property is in good condition
- Property is zoned R1, Residential/Commercial
Property Views
- Marina
- Creek or Stream
Home Design
- Cape Cod Architecture
Interior Spaces
- 1,608 Sq Ft Home
- Property has 1 Level
- Basement
- Side Basement Entry
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
Parking
- Driveway
- Parking Lot
- Off-Street Parking
Outdoor Features
- Access to Tidal Water
- Canoe or Kayak Water Access
- Personal Watercraft
- Sail
- Rip-Rap
- Boat or Launch Ramp
- Boathouse
- Powered Boats Permitted
- Utility Building
Location
- Property is near a creek
Schools
- Windsor Farm Elementary School
- Severn River Middle School
- Broadneck High School
Utilities
- Heating Available
- Well
- Municipal Trash
- On Site Septic
Listing and Financial Details
- Assessor Parcel Number 020300033304800
Community Details
Overview
- No Home Owners Association
- Orchard Beach Subdivision
Recreation
- Fishing Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2020
Closed on
May 14, 2021
Sold by
Orchard Beach Marina Llc
Bought by
Combs Nicklous and Casper Angie
Seller's Agent
Brad Kappel
TTR Sotheby's International Realty
Buyer's Agent
Shane Hall
Compass
List Price
$1,499,000
Sold Price
$1,400,000
Premium/Discount to List
-$99,000
-6.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,880
Avg. Annual Appreciation
4.65%
Original Mortgage
$1,050,000
Outstanding Balance
$948,571
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$761,309
Purchase Details
Closed on
Oct 26, 2006
Sold by
Willard John D
Bought by
Orchard Beach Marina Llc
Purchase Details
Closed on
Oct 19, 2006
Sold by
Willard John D
Bought by
Orchard Beach Marina Llc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Combs Nicklous | $1,400,000 | Eagle Title Llc | |
| Orchard Beach Marina Llc | $1,400,000 | -- | |
| Orchard Beach Marina Llc | $1,400,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Combs Nicklous | $1,050,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/14/2021 05/14/21 | Sold | $1,400,000 | -6.6% | $871 / Sq Ft |
| 03/13/2021 03/13/21 | Pending | -- | -- | -- |
| 03/05/2021 03/05/21 | For Sale | $1,499,000 | 0.0% | $932 / Sq Ft |
| 12/24/2020 12/24/20 | Pending | -- | -- | -- |
| 10/24/2020 10/24/20 | Price Changed | $1,499,000 | -14.3% | $932 / Sq Ft |
| 06/11/2020 06/11/20 | For Sale | $1,749,000 | -- | $1,088 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $11,973 | $1,033,633 | -- | -- |
| 2024 | $11,973 | $1,017,800 | $847,200 | $170,600 |
| 2023 | $12,024 | $1,017,800 | $847,200 | $170,600 |
| 2022 | $11,485 | $1,017,800 | $847,200 | $170,600 |
| 2021 | $23,928 | $1,063,700 | $847,200 | $216,500 |
| 2020 | $11,867 | $1,063,700 | $847,200 | $216,500 |
| 2019 | $11,891 | $1,063,700 | $847,200 | $216,500 |
| 2018 | $10,841 | $1,069,100 | $847,200 | $221,900 |
| 2017 | $10,536 | $953,733 | $0 | $0 |
| 2016 | -- | $838,367 | $0 | $0 |
| 2015 | -- | $723,000 | $0 | $0 |
| 2014 | -- | $923,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Kappel
-
Shane Hall
Buyer's Agent in 2021
Shane Hall
Compass
(410) 991-1382
5 in this area
125 Total Sales
Map
Source: Bright MLS
MLS Number: MDAA435972
APN: 03-000-33304800
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