NOT LISTED FOR SALE

198 W Lake Dr Annapolis, MD 21403

Estimated Value: $3,499,000 - $5,139,000

5 Beds
6.5 Baths
4,639 Sq Ft
$942/Sq Ft Est. Value

Last Sold April 01, 2013

Last sale price $2,550,000 $550 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $25,482/month

363 Days on Market

Highlights

  • 340 Feet of Waterfront
  • Guest House
  • Open Floorplan
  • 1 Boat Dock
  • Private Pool
  • Contemporary Architecture

About This Home

As of April 2013

Vacation at home! Magnificent custom-built home on a Point of Land on Lake Ogleton. Views of the Severn and the Chesapeake Bay Bridge! Deep water pier with multiple slips, a small beach, 1100 sq ft ipe and slate decking, sparkling inground pool, beautiful carriage house built in 2008, gracious room sizes, water views from all rooms. Rrivacy on a .7 acre oasis, level lot to water!

Last Agent to Sell the Property

Brenda Hawthorne

(703) 938-4200 brenda@lnf.com Long & Foster Real Estate, Inc. Listed on: 02/03/2012

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Brad Kappel

(410) 279-9476 brad.kappel@sothebysrealty.com TTR Sotheby's International Realty

TTR Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,217

Year Built

  • Built in 1987 | Remodeled in 2008

Lot Details

  • 0.71 Acre Lot
  • 340 Feet of Waterfront
  • Home fronts navigable water
  • Property is in very good condition
  • Property is zoned R2

Parking

  • 3 Car Detached Garage
  • Parking Storage or Cabinetry
  • Heated Garage
  • Front Facing Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Contemporary Architecture
  • Stone Siding
  • Cedar

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Wet Bar
  • Central Vacuum
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • 1 Fireplace
  • Screen For Fireplace
  • Insulated Windows
  • Window Treatments
  • French Doors
  • Sliding Doors
  • Insulated Doors
  • Living Room
  • Dining Room
  • Den
  • Loft
  • Workshop
  • Storage Room
  • Wood Flooring
  • Water Views
  • Crawl Space
  • Home Security System
  • Attic

Kitchen

  • Kitchenette
  • Breakfast Room
  • Built-In Self-Cleaning Double Oven
  • Gas Oven or Range
  • Down Draft Cooktop
  • Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • En-Suite Bathroom
  • In-Law or Guest Suite
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Front Loading Dryer
  • Washer
  • Laundry Chute

Accessible Home Design

  • Doors swing in
  • Doors are 32 inches wide or more
  • Level Entry For Accessibility

Outdoor Features

  • Private Pool
  • Water Access
  • Physical Dock Slip Conveys
  • 1 Boat Dock
  • 3 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted

Additional Homes

  • Guest House

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Water Dispenser
  • 60 Gallon+ Electric Water Heater
  • Well
  • Water Conditioner is Owned

Community Details

  • No Home Owners Association
  • Bay Ridge Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 020204707076200

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,217

Year Built

Built in 1987 | Remodeled in 2008

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors, Doors - Swing In, Level Entry - Main
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1987
  • Year Renovated: 2008
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Central Vacuum, Cooktop, Cooktop - Down Draft, Dishwasher, Disposal, Dryer - Front Loading, Exhaust Fan, Extra Refrigerator/Freezer, Icemaker, Microwave, Oven - Double, Oven - Self Cleaning, Oven - Wall, Oven/Range - Gas, Refrigerator, Washer, Water Conditioner - Owned, Water Dispenser
  • Interior Amenities: Breakfast Area, Kitchen - Island, Kitchenette, Dining Area, Primary Bath(s), Entry Level Bedroom, Laundry Chute, Window Treatments, Upgraded Countertops, Wet/Dry Bar, Wood Floors, Whirlpool/Hottub, Floor Plan - Open
  • Window Features: Insulated, Skylights
  • Fireplace Features: Equipment, Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French, Insulated, Sliding Glass
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall, Tray Ceilings
  • Entry Location: Foyer
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Den, Breakfast Room, Bedroom 1, In-Law/AuPair/Suite, Laundry, Loft, Storage Room, Workshop, Bedroom 6, Attic
  • Basement: No
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 2.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures List: Guest House
  • Construction Materials: Cedar, Stone
  • Dock Type: Multiple Slip
  • Construction Completed: No
  • View: Water
  • Water Access: Yes
  • Water Body Name: LAKE OGLETON
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes
  • Water Frontage In Feet: 340

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Circular Driveway, Garage, Heated, Asphalt Driveway
  • Garage Features: Garage Door Opener, Additional Storage Area, Garage - Front Entry
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Refuse: 315.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Heat Pump(s), Zoned
  • Heating Fuel: Central, Electric
  • Heating Type: Forced Air, Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 777570.00
  • Land Assessed Value: 1365500.00
  • Lot Size Acres: 0.71
  • Lot Size Area: 30840
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 30840.00
  • Property Condition: Very Good
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15170649
  • Tax Annual Amount: 22217.18
  • Assessor Parcel Number: 020204707076200
  • Tax Lot: 22
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2021
Sold by
Day Laurence M and Estupinan Day Saskia
Bought by
Nader Matthew J and Nader Mindi L
Current Estimated Value
$4,372,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 3, 2012
Closed on
Apr 1, 2013
Sold by
Hawthorn Brenda B
Bought by
Day Laurence M and Estupinan Day Saskia
Seller's Agent
Brenda Hawthorne
Long & Foster Real Estate, Inc.
Buyer's Agent
Brad Kappel
TTR Sotheby's International Realty
List Price
$3,300,000
Sold Price
$2,550,000
Premium/Discount to List
-$750,000
-22.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.35%
Original Mortgage
$2,040,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2007
Sold by
Shipplett Ronald P
Bought by
Shipplett Brenda B

Purchase Details

Closed on
Dec 20, 2006
Sold by
Shipplett Ronald P
Bought by
Shipplett Brenda B

Purchase Details

Closed on
Jun 8, 2005
Sold by
Cassidy Kevin J
Bought by
Cassidy Karen P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nader Matthew J $3,800,000 Multiple
Day Laurence M $2,550,000 Mid Maryland Title Company I
Shipplett Brenda B -- --
Shipplett Brenda B -- --
Cassidy Karen P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nader Matthew J $3,000,000
Previous Owner Day Laurence M $2,040,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2013 04/01/13 Sold $2,550,000 -8.9% $550 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
12/06/2012 12/06/12 Price Changed $2,800,000 -6.7% $604 / Sq Ft
06/21/2012 06/21/12 Price Changed $3,000,000 -3.2% $647 / Sq Ft
06/19/2012 06/19/12 Price Changed $3,100,000 -6.1% $668 / Sq Ft
02/03/2012 02/03/12 For Sale $3,300,000 -- $711 / 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 $29,535 $3,625,300 -- --
2024 $29,535 $3,084,500 $0 $0
2023 $28,446 $2,543,700 $1,501,700 $1,042,000
2022 $26,614 $2,394,033 $0 $0
2021 $23,344 $2,244,367 $0 $0
2020 $8,956 $2,094,700 $1,254,300 $840,400
2019 $8,904 $2,094,700 $1,254,300 $840,400
2018 $21,240 $2,094,700 $1,254,300 $840,400
2017 $23,044 $2,106,200 $0 $0
2016 -- $2,106,200 $0 $0
2015 -- $2,106,200 $0 $0
2014 -- $2,132,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003841682

Bright MLS

APN: 02-047-07076200