NOT LISTED FOR SALE

214 Prospect Bay Dr W Grasonville, MD 21638

Estimated Value: $837,000 - $926,369

5 Beds
3.5 Baths
3,596 Sq Ft
$241/Sq Ft Est. Value

Last Sold June 24, 2020

Last sale price $542,500 $151 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,525/month

74 Days on Market

Highlights

  • Additional Residence on Property
  • Boat Ramp
  • Home fronts navigable water
  • Grasonville Elementary School Rated A-
  • Golf Course Community
  • Water Access

About This Home

As of June 2020

Amazing opportunity to own virtually 2 homes for the price of 1 in Prospect Bay. Sited on a little over an acre and across the street from the waters of Prospect Bay this offers possibilities that you are going to love. The 2400' main house offers 1 level living and provides 3 bedrooms and 2.5 baths. Step in to enjoy gorgeous great room w/stack stone fireplace which is further complemented by the cathedral ceiling with lovely molding details. The dining area and light drenched Sun Room are filled with private views of the landscaped and fenced back yard. All cooks will love the updated kitchen with new appliances and granite counter tops. The Master bedroom has a full bath w/walk-in shower. Then there is the separate but attached apartment with an additional 1000' that could be guest quarters/in-law suite/adult children space etc. This apartment is lovely and provides an open floor plan with a full kitchen, living room, 2 additional bedrooms and 1 bath. Enjoy peek a boo water views from both the main house and the apartment. Over sized 3 car garage currently has been paired down by 1/2 a bay for office but can easily be converted back to full bay. Paved driveway with over-sized parking area. Come see...the possibilities are endless...

Last Agent to Sell the Property

Jimmy White

Long & Foster Real Estate, Inc. Listed on: 03/05/2020

Long & Foster Real Estate, Inc.

Co-Listed By

Mary Carson

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Justin Disborough

Samson Properties

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,784

Year Built

  • Built in 1983

Lot Details

  • 1.03 Acre Lot
  • Home fronts navigable water
  • Private Lot
  • Back Yard
  • Property is in very good condition
  • Property is zoned NC-1

HOA Fees

  • $376 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,596 Sq Ft Home
  • Property has 1 Level
  • Skylights
  • Recessed Lighting
  • Stone Fireplace
  • Dining Area
  • Efficiency Studio
  • Flood Lights
  • Laundry on main level

Kitchen

  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • En-Suite Bathroom

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property near a bay
  • Lake Privileges
  • Deck
  • Wrap Around Porch

Additional Homes

  • Additional Residence on Property

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 05-028809

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s)
  • $50 Other Monthly Fees
  • Prospect Bay HOA, Phone Number (410) 827-6950
  • Prospect Bay Subdivision

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse

Recreation

  • Boat Ramp
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,784

Year Built

Built in 1983

Lot Details

0

HOA Fees

$376 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1983
  • Remarks Public: Amazing opportunity to own virtually 2 homes for the price of 1 in Prospect Bay. Sited on a little over an acre and across the street from the waters of Prospect Bay this offers possibilities that you are going to love. The 2400' main house offers 1 level living and provides 3 bedrooms and 2.5 baths. Step in to enjoy gorgeous great room w/stack stone fireplace which is further complemented by the cathedral ceiling with lovely molding details. The dining area and light drenched Sun Room are filled with private views of the landscaped and fenced back yard. All cooks will love the updated kitchen with new appliances and granite counter tops. The Master bedroom has a full bath w/walk-in shower. Then there is the separate but attached apartment with an additional 1000' that could be guest quarters/in-law suite/adult children space etc. This apartment is lovely and provides an open floor plan with a full kitchen, living room, 2 additional bedrooms and 1 bath. Enjoy peek a boo water views from both the main house and the apartment. Over sized 3 car garage currently has been paired down by 1/2 a bay for office but can easily be converted back to full bay. Paved driveway with over-sized parking area. Come see...the possibilities are endless...
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dining Area, Efficiency, Entry Level Bedroom, Kitchen - Island, Primary Bath(s), Recessed Lighting, Skylight(s), Upgraded Countertops
  • Fireplace Features: Stone
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Room List: Efficiency (Additional)
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3596
  • Living Area Sq Ft: 3596
  • Price Per Sq Ft: 151.56
  • Above Grade Finished Sq Ft: 3596
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 214

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Guest House, 2nd House
  • Exterior Features: Flood Lights, Outside Shower
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener, Inside Access, Oversized
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 375.78
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Boat Ramp, Club House, Common Grounds, Golf Course, Picnic Area, Pool - Outdoor, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s)
  • HOA Name: PROSPECT BAY
  • HOA Phone: 410-827-6950
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Other Fees: 50.00
  • Other Fees Frequency: Monthly

Schools

  • School District: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
  • School District Key: 121137777627
  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 353500.00
  • Land Assessed Value: 155300.00
  • Lot Features: Rear Yard, Private
  • Lot Size Acres: 1.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 44867.00
  • Outdoor Living Structures: Deck(s), Wrap Around
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: NC-1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4530502
  • Tax Annual Amount: 4784.00
  • Assessor Parcel Number: 05-028809
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 06/24/2020

MLS Schools

  • School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
Jun 24, 2020
Sold by
Ross Michael C and Ross Nicole C
Bought by
Somes Daniel G and Somes Elizabeth B
Seller's Agent
Jimmy White
Long & Foster Real Estate, Inc.
Buyer's Agent
Justin Disborough
Samson Properties
List Price
$560,000
Sold Price
$542,500
Premium/Discount to List
-$17,500
-3.12%
Current Estimated Value
$866,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,092
Avg. Annual Appreciation
8.93%
Original Mortgage
$542,500
Interest Rate
3.1%
Mortgage Type
VA

Purchase Details

Closed on
Sep 18, 2018
Sold by
Ross Michael C
Bought by
Ross Michael C and Ross Nicole C

Purchase Details

Closed on
Feb 19, 2002
Sold by
Ross Michael C and Ross Melissa A
Bought by
Ross Michael C

Purchase Details

Closed on
Feb 23, 1999
Sold by
Stoddard Thomas G
Bought by
Ross Michael C and Ross Melissa A

Purchase Details

Closed on
Sep 6, 1996
Sold by
Inez William W
Bought by
Stoddard Thomas G

Purchase Details

Closed on
Nov 14, 1995
Sold by
Woolston William W
Bought by
William W
Source: Public Records

Range of Values:

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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
Somes Daniel G $42,500 Sage Title Group Llc
Ross Michael C -- None Available
Ross Michael C -- --
Ross Michael C $186,000 --
Stoddard Thomas G $178,750 --
William W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Somes Elizabeth B $50,000
Open Somes Daniel G $531,750
Previous Owner Somes Daniel G $542,500
Previous Owner Ross Michael C $100,000
Previous Owner Ross Michael C $417,000
Previous Owner Ross Michael C $20,000
Previous Owner Ross Michael C $449,000
Closed Ross Michael C --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2020 06/24/20 Sold $542,500 -0.5% $151 / Sq Ft
05/18/2020 05/18/20 Pending -- -- --
04/22/2020 04/22/20 Price Changed $545,000 -2.7% $152 / Sq Ft
03/05/2020 03/05/20 For Sale $560,000 0.0% $156 / Sq Ft
08/23/2014 08/23/14 Rented $2,800 +47.4% --
08/23/2014 08/23/14 Under Contract -- -- --
08/12/2014 08/12/14 For Rent $1,900 -- --
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 $5,136 $613,100 $0 $0
2024 $5,136 $545,200 $200,300 $344,900
2023 $5,022 $533,067 $0 $0
2022 $4,907 $520,933 $0 $0
2021 $4,880 $508,800 $155,300 $353,500
2020 $4,784 $498,833 $0 $0
2019 $4,689 $488,867 $0 $0
2018 $4,593 $478,900 $145,300 $333,600
2017 $4,593 $478,900 $0 $0
2016 -- $478,900 $0 $0
2015 $2,149 $498,300 $0 $0
2014 $2,149 $481,433 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jimmy White

    Seller's Agent in 2020

    Jimmy White

    Long & Foster

    (410) 320-3647

    146 Total Sales

    Jimmy White
    Section Image
  • Mary Carson

    Seller Co-Listing Agent in 2020

    Mary Carson

    Long & Foster

    (410) 310-3715

    126 Total Sales

    Mary Carson
    Section Image
  • Justin Disborough

    Buyer's Agent in 2020

    Justin Disborough

    Samson Properties

    (410) 349-7871

    112 Total Sales

    Justin Disborough
    Section Image

  • C

    Seller's Agent in 2014

    Camille O'Donnell

    O'Donnell Properties

    Section Image

  • C

    Buyer's Agent in 2014

    Carrie Chard

    Better Homes & Gardens Real Estate The J. Melvin

    Section Image
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Map

Source: Bright MLS

MLS Number: MDQA143254

Bright MLS

APN: 05-028809

Maryland Queen Annes County Grasonville 21638

214 Prospect Bay Dr W, Grasonville, MD

This home is located at 214 Prospect Bay Dr W, Grasonville, MD 21638 since 05 March 2020 and is currently estimated at $866,592, approximately $240 per square foot. This property was built in 1983. 214 Prospect Bay Dr W is a home located in Queen Anne's County with nearby schools including Grasonville Elementary School, Stevensville Middle School, and Kent Island High School.

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