NOT LISTED FOR SALE

188 Magothy Beach Rd Pasadena, MD 21122

Estimated Value: $536,000 - $555,000

3 Beds
2 Baths
1,669 Sq Ft
$326/Sq Ft Est. Value

Last Sold October 26, 2020

Last sale price $440,000 $264 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,266/month

7 Days on Market

Highlights

  • Boat Ramp
  • Lake Privileges
  • Wood Flooring
  • Open Floorplan
  • Cape Cod Architecture
  • Garden View

About This Home

As of October 2020

Ultimate Staycation! Charming 3 BR Cape Cod home set on a gorgeous private lot of .65 acres in Water Privileged Chelsea Beach Community. Move-In ready to enjoy and impress. Enter to find a living room area with cozy pellet fireplace that invites to an open updated kitchen with gorgeous cabinetry, granite countertops, travertine backsplash, travertine floor tile, SS appliances, Samsung touchscreen refrigerator, touch-less faucet, and breakfast bar. Open dining room with gorgeous luxury vinyl plank flooring throughout the 1st floor. Newly renovated Full Baths with travertine floor tile, travertine backsplash, vanity, powered mirror /cabinet, lighting and custom shower in spacious Master Bath. New ceiling fans, custom blinds and newly installed Life Proof carpet on 2nd floor and stairs/landing. Unique 6 car Garage w/electric and two-lane driveway. Distinctly unique space for a dance studio, yoga studio or gym! An entertainers backyard oasis with manicured flat lot, fire pit & 2 sheds for storage. Brand new Roof w/50 year transferable warranty, New 4.5 Vinyl siding, 6" gutters, trim and capping by Power Home Remodeling (2019), 75 gallon water heater (2017), Replaced well pump and pressure tank (2019). Newly installed Ring cameras, floodlights in backyard and garage. Smart keypad lock. Bring your boat and launch at the Chelsea Beach boat ramp or enjoy the community playground/tot lot.

Last Agent to Sell the Property

Melissa Blohm

(410) 991-5967 melissablohm3@gmail.com Compass License #SL3648231 Listed on: 09/15/2020

Compass

Last Buyer's Agent

Cara LaVanway

(202) 413-0674 clavanway1@gmail.com Washington Fine Properties, LLC License #661367

Washington Fine Properties, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,266

Year Built

  • Built in 1945 | Remodeled in 2020

Lot Details

  • 0.65 Acre Lot
  • Vinyl Fence
  • Landscaped
  • Extensive Hardscape
  • Cleared Lot
  • Property is in very good condition
  • Property is zoned R2

Parking

  • 4 Car Detached Garage
  • 6 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,669 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Stone Fireplace
  • Fireplace Mantel
  • Double Pane Windows
  • Vinyl Clad Windows
  • Window Screens
  • Insulated Doors
  • Combination Dining and Living Room
  • Garden Views

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Rear Basement Entry
  • Water Proofing System
  • Drainage System
  • Sump Pump
  • Laundry in Basement

Home Security

  • Motion Detectors
  • Flood Lights

Outdoor Features

  • Lake Privileges
  • Patio
  • Shed

Schools

  • Jacobsville Elementary School
  • Chesapeake Bay Middle School
  • Chesapeake High School

Utilities

  • Central Air
  • Heat Pump System
  • 60 Gallon+ Electric Water Heater
  • Well
  • Septic Tank
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 231
  • Assessor Parcel Number 020318517846900

Community Details

Overview

  • No Home Owners Association
  • Chelsea Beach Subdivision

Recreation

  • Boat Ramp
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,266

Year Built

Built in 1945 | Remodeled in 2020

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1945
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Icemaker, Refrigerator, Stove, Washer, Water Heater
  • Flooring Type: Ceramic Tile, Carpet, Hardwood, Vinyl
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open, Recessed Lighting
  • Window Features: Double Pane, Screens, Vinyl Clad
  • Fireplace Features: Other, Stone, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bathroom 2
  • Basement: Yes
  • Basement Type: Unfinished, Water Proofing System, Sump Pump, Drainage System, Walkout Stairs, Rear Entrance
  • Laundry Type: Basement
  • Total Sq Ft: 1669
  • Living Area Sq Ft: 1669
  • Price Per Sq Ft: 254.64
  • Above Grade Finished Sq Ft: 1669
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed, Garage(s)
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Extensive Hardscape, Flood Lights
  • Roof: Architectural Shingle
  • Spa: No
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Paved Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener, Additional Storage Area, Oversized
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Detached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric, 60+ Gallon Tank
  • Security: Motion Detectors
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Water/Lake Privileges, Boat Ramp, Tot Lots/Playground
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: JACOBSVILLE
  • High School: CHESAPEAKE
  • Middle Or Junior School: CHESAPEAKE BAY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Fencing: Vinyl
  • Improvement Assessed Value: 111100.00
  • Land Assessed Value: 198000.00
  • Lot Features: Cleared, Landscaping
  • Lot Size Acres: 0.65
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 28250.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Zoning: R2
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 15215015
  • Tax Annual Amount: 3266.00
  • Assessor Parcel Number: 020318517846900
  • Tax Lot: 231
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2020
Closed on
Oct 23, 2020
Sold by
Banks Gregory Gene
Bought by
Olmstead Makinna and Farrell Owen
Seller's Agent
Melissa Blohm
Compass
Buyer's Agent
Cara LaVanway
Washington Fine Properties, LLC
List Price
$425,000
Sold Price
$440,000
Premium/Discount to List
$15,000
3.53%
Current Estimated Value
$544,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,423
Avg. Annual Appreciation
4.19%
Original Mortgage
$450,120
Outstanding Balance
$399,628
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$144,795

Purchase Details

Listed on
Aug 22, 2014
Closed on
Oct 24, 2014
Sold by
Lowry Bernard J and Lowry Sandra Carol
Bought by
Banks Gregory Gene
Seller's Agent
Wendy Lowry
Taylor Properties
Buyer's Agent
David Orso
Berkshire Hathaway HomeServices PenFed Realty
List Price
$389,900
Sold Price
$364,900
Premium/Discount to List
-$25,000
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.16%
Original Mortgage
$372,745
Interest Rate
4.18%
Mortgage Type
VA

Purchase Details

Closed on
Mar 30, 2004
Sold by
Dodson Ronald J
Bought by
Lowry Bernard J and Lowry Sandra C

Purchase Details

Closed on
Aug 13, 1998
Sold by
Lawn John V
Bought by
Dodson Ronald J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Olmstead Makinna $440,000 Abode Settlement Group Llc
Banks Gregory Gene $364,900 Homeland Title & Escrow Ltd
Lowry Bernard J $235,000 --
Dodson Ronald J $139,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olmstead Makinna $450,120
Previous Owner Banks Gregory Gene $372,745
Closed Lowry Bernard J --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2020 10/26/20 Sold $440,000 +3.5% $264 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
09/15/2020 09/15/20 For Sale $425,000 +16.5% $255 / Sq Ft
10/24/2014 10/24/14 Sold $364,900 0.0% $219 / Sq Ft View Prior Sale
09/21/2014 09/21/14 Pending -- -- --
09/05/2014 09/05/14 Price Changed $364,900 -6.4% $219 / Sq Ft
08/22/2014 08/22/14 For Sale $389,900 -- $234 / 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 $5,061 $431,100 -- --
2024 $5,061 $410,800 $208,000 $202,800
2023 $4,649 $376,900 $0 $0
2022 $4,075 $343,000 $0 $0
2020 $3,310 $296,333 $0 $0
2019 $6,497 $283,567 $0 $0
2018 $2,746 $270,800 $170,000 $100,800
2017 $3,018 $262,333 $0 $0
2016 -- $253,867 $0 $0
2015 -- $245,400 $0 $0
2014 -- $245,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA445434

Bright MLS

APN: 03-185-17846900