NOT LISTED FOR SALE

248 Lower Magothy Beach Rd Severna Park, MD 21146

Estimated Value: $666,450 - $712,000

3 Beds
4 Baths
2,134 Sq Ft
$325/Sq Ft Est. Value

Last Sold July 12, 2016

Last sale price $440,000 $206 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,695/month

Highlights

  • Boat Ramp
  • 5 Dock Slips
  • Boat or Launch Ramp
  • Folger McKinsey Elementary at Chesapeake Bay Middle School Rated A-
  • Pier
  • Home fronts navigable water

About This Home

As of July 2016

PRICE REDUCTION! Beautifully updated home. Fantastic community and schools. Hardwood floors, vaulted family rm w/ lg brick fireplace, granite breakfast bar and formal DR. Finished bsmt with rec room, custom bar, half bath and laundry. Custom plantation shutters. Backyard oasis with lg deck, fire pit and fully equipped playset w/ rubber mulch. Comm. marina, playground, basketball. Roof 2 yrs old.

Last Agent to Sell the Property

Kathleen Hayden

(540) 940-9813 kathleen.hayden@longandfoster.com Long & Foster Real Estate, Inc. Listed on: 04/08/2016

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Michael Hofstetter

(410) 925-6395 offers@hofstettergroup.com Cummings & Co. Realtors License #RS-0036939

Cummings & Co. Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,910

Year Built

  • Built in 1986

Lot Details

  • 8,650 Sq Ft Lot
  • Home fronts navigable water
  • Picket Fence
  • Back Yard Fenced
  • Landscaped
  • The property's topography is level
  • Property is in very good condition
  • Property is zoned R5

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Wet Bar
  • Built-In Features
  • Chair Railings
  • Recessed Lighting
  • Fireplace Mantel
  • Entrance Foyer
  • Family Room Off Kitchen
  • Living Room
  • Dining Area
  • Game Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Connecting Stairway
  • Sump Pump
  • Basement Windows

Home Security

  • Home Security System
  • Storm Doors

Outdoor Features

  • Pier
  • Water Access
  • River Nearby
  • Boat or Launch Ramp
  • 5 Dock Slips
  • Physical Dock Slip Conveys
  • Stream or River on Lot
  • 6 Powered Boats Permitted
  • 6 Non-Powered Boats Permitted
  • Deck
  • Shed
  • Playground

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 107
  • Assessor Parcel Number 020376690030800

Community Details

Overview

  • Stewarts Landing Subdivision

Amenities

  • Common Area

Recreation

  • Boat Ramp
  • Boat Dock
  • Community Basketball Court
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,910

Year Built

Built in 1986

Lot Details

0

HOA Fees

$20 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven - Wall, Refrigerator, Range Hood, Washer, Water Heater
  • Interior Amenities: Family Room Off Kitchen, Breakfast Area, Dining Area, Upgraded Countertops, Primary Bath(s), Wet/Dry Bar, Wood Floors, Built-Ins, Chair Railings, Recessed Lighting, Floor Plan - Traditional
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Game Room, Family Room, Foyer, Bedroom 1
  • Basement: Yes
  • Basement Type: Connecting Stairway, Sump Pump, Daylight, Partial, Fully Finished, Windows
  • Living Area Units: Square Feet
  • Total Sq Ft: 2134
  • Living Area Sq Ft: 2134
  • Price Per Sq Ft: 283.04
  • Above Grade Finished Sq Ft: 1604
  • Below Grade Finished Sq Ft: 530
  • Total Below Grade Sq Ft: 530
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Aluminum Siding
  • Dock Type: Pier (Perpendicular)
  • Construction Completed: No
  • Exterior Features: Play Area
  • Water Access: Yes
  • Water Body Name: OLD MANS CREEK
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Garage, Paved Driveway, Attached
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Driveway, On Street, Attached Garage

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 239.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Boat Ramp, Boat Dock/Slip, Common Grounds, Tot Lots/Playground
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Fencing: Fully, Rear, Picket
  • Improvement Assessed Value: 216800.00
  • Land Assessed Value: 190400.00
  • Lot Features: Landscaping
  • Lot Size Acres: 0.20
  • Lot Size Area: 8650
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8650.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Topography: Level
  • Zoning: R5

Green Features

  • Green Verification: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15254823
  • Tax Annual Amount: 3910.15
  • Assessor Parcel Number: 020376690030800
  • Tax Lot: 107
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

Multi Family

  • Dock Slip Conveyance: Assigned
  • Waterfront Features: Boat/Launch Ramp

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2016
Closed on
Jul 11, 2016
Sold by
National Residential Nominee Services In
Bought by
Harmon Dalton Cade
Seller's Agent
Kathleen Hayden
Long & Foster Real Estate, Inc.
Buyer's Agent
Michael Hofstetter
Cummings & Co. Realtors
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%
Current Estimated Value
$694,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,150
Avg. Annual Appreciation
5.02%
Original Mortgage
$417,000
Outstanding Balance
$332,462
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$361,688

Purchase Details

Closed on
Apr 18, 2016
Sold by
Rush William and Rush Candice
Bought by
National Residential Nominee Services In

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2005
Sold by
Schultz Jeffrey S
Bought by
Quinones Kyndle Ls and Quinones Mario A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
1.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 24, 2002
Sold by
Bullitt V Logan M
Bought by
Schultz Jeffrey S and Schultz Donna M

Purchase Details

Closed on
Oct 13, 1999
Sold by
Speed Sandra K
Bought by
Bullitt V Logan M V and Bullitt Suzanne A
Source: Public Records

Range of Values:

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Average Value
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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
Harmon Dalton Cade $440,000 Brennan Title Company
National Residential Nominee Services In $440,000 Brennan Title Company
Quinones Kyndle Ls $399,000 --
Schultz Jeffrey S $294,000 --
Bullitt V Logan M V $194,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harmon Dalton Cade $417,000
Previous Owner National Residential Nominee Services In $417,000
Previous Owner Quinones Kyndle Ls $319,200
Previous Owner Quinones Kyndle Ls $39,900
Closed Bullitt V Logan M V --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2016 07/12/16 Sold $440,000 -3.1% $206 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
05/07/2016 05/07/16 Price Changed $454,000 -1.1% $213 / Sq Ft
04/08/2016 04/08/16 For Sale $459,000 -1.3% $215 / Sq Ft
03/18/2013 03/18/13 Sold $465,000 0.0% $209 / Sq Ft View Prior Sale
01/20/2013 01/20/13 Pending -- -- --
01/13/2013 01/13/13 For Sale $465,000 -- $209 / 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 $502 $511,167 -- --
2024 $502 $482,000 $238,900 $243,100
2023 $474 $471,167 $0 $0
2022 $4,941 $460,333 $0 $0
2021 $9,700 $449,500 $228,900 $220,600
2020 $4,719 $435,400 $0 $0
2019 $4,632 $421,300 $0 $0
2018 $4,129 $407,200 $190,400 $216,800
2017 $4,335 $387,800 $0 $0
2016 -- $368,400 $0 $0
2015 -- $349,000 $0 $0
2014 -- $349,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002404228

Bright MLS

APN: 03-766-90030800