NOT LISTED FOR SALE

2501 Lake Ave Cheverly, MD 20785

Estimated Value: $486,000 - $555,000

3 Beds
2 Baths
1,916 Sq Ft
$271/Sq Ft Est. Value

Last Sold June 01, 2020

Last sale price $420,000 $219 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,462/month

Highlights

  • Rambler Architecture
  • No HOA
  • Forced Air Heating and Cooling System
  • 1 Fireplace

About This Home

As of June 2020

Truly Unique One-Level Living at Nearly 2,000 SF!! Situated on Double Lot in the sought after community of Cheverly. Spacious 3 BR, 2 FB w/character and fresh updates you will love. In the home: luxury, spa-like rock bath with wide, soaker tub! Great flooring throughout the house: original hardwoods in family room, dining room, hallway. New carpet (Feb 2020) in all 3 bedrooms. New luxury vinyl plank floors in bathrooms, kitchen, and office (all matching). Cozy outdoor living spaces have been added with a raised garden bed side of house, concrete patio with pergola and fire pit in back of house. Amazing kitchen if you love to cook/bake! Double ovens, gas stovetop. Laundry has newer washer and dryer (July 2018). Newly customized countertops and recessed lighting in kitchen as well. Side of house has a huge bonus room (currently gym/game room) and office area, all with recessed lighting and a full bathroom. Double sided gas fireplace great in winters. Entire house also has new paint on interior. Fenced yard and parking for up to 3 cars in rear. Cheverly has lots of parks and trails, weekly farmer's markets throughout spring and summer and a community pool. 10 minute walk to the Cheverly Metro (orange line) and a 5-10 minute drive to Walmart, Giant, Aldi, Starbucks, and lots more. Minutes from 295, route 50. Due to the seller's concern regarding Covid19, there is a limit to only 3 persons per tour, and all parties are to wear gloves and masks or scarves. Thank you for being safe during this critical time.

Last Agent to Sell the Property

Monica Bryant

CENTURY 21 New Millennium License #655907 Listed on: 04/02/2020

CENTURY 21 New Millennium

Last Buyer's Agent

Jessie Thiel

Real Broker, LLC License #0225245238

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,892

Year Built

  • Built in 1948

Lot Details

  • 9,318 Sq Ft Lot
  • Property is zoned R55

Parking

  • Off-Street Parking

Home Design

  • Rambler Architecture

Interior Spaces

  • 1,916 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Cheverly Subdivision

Listing and Financial Details

  • Tax Lot 26.27
  • Assessor Parcel Number 17020112821

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,892

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-04-02
  • Year Built: 1948
  • Remarks Public: Truly Unique One-Level Living at Nearly 2,000 SF!! Situated on Double Lot in the sought after community of Cheverly. Spacious 3 BR, 2 FB w/character and fresh updates you will love. In the home: luxury, spa-like rock bath with wide, soaker tub! Great flooring throughout the house: original hardwoods in family room, dining room, hallway. New carpet (Feb 2020) in all 3 bedrooms. New luxury vinyl plank floors in bathrooms, kitchen, and office (all matching). Cozy outdoor living spaces have been added with a raised garden bed side of house, concrete patio with pergola and fire pit in back of house. Amazing kitchen if you love to cook/bake! Double ovens, gas stovetop. Laundry has newer washer and dryer (July 2018). Newly customized countertops and recessed lighting in kitchen as well. Side of house has a huge bonus room (currently gym/game room) and office area, all with recessed lighting and a full bathroom. Double sided gas fireplace great in winters. Entire house also has new paint on interior. Fenced yard and parking for up to 3 cars in rear. Cheverly has lots of parks and trails, weekly farmer's markets throughout spring and summer and a community pool. 10 minute walk to the Cheverly Metro (orange line) and a 5-10 minute drive to Walmart, Giant, Aldi, Starbucks, and lots more. Minutes from 295, route 50. Due to the seller's concern regarding Covid19, there is a limit to only 3 persons per tour, and all parties are to wear gloves and masks or scarves. Thank you for being safe during this critical time.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1916
  • Living Area Sq Ft: 1916
  • Price Per Sq Ft: 227.04
  • Above Grade Finished Sq Ft: 1916
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2501

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Refuse: 34.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
  • School District Key: 121137599599
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 273900.00
  • Land Assessed Value: 100500.00
  • Land Use Code: 011
  • Lot Size Acres: 0.21
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9318.00
  • Year Assessed: 2020
  • Zoning: R55
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14676130
  • Tax Annual Amount: 5892.00
  • Assessor Parcel Number: 17020112821
  • Tax Lot: 26.27
  • Tax Page Number: 95
  • Tax Total Finished Sq Ft: 1916
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 06/01/2020

MLS Schools

  • School District Name: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2020
Closed on
Jun 1, 2020
Sold by
Fuller Jonathan and Fuller Nissa
Bought by
Maxson Mckenzie Merritt and Selover Luke David
Seller's Agent
Monica Bryant
CENTURY 21 New Millennium
Buyer's Agent
Jessie Thiel
Real Broker, LLC
List Price
$435,000
Sold Price
$420,000
Premium/Discount to List
-$15,000
-3.45%
Current Estimated Value
$519,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,605
Avg. Annual Appreciation
4.58%
Original Mortgage
$399,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 15, 2018
Closed on
Jun 1, 2018
Sold by
Byars Carolyn S
Bought by
Fuller Jonathan and Fuller Nissa
Seller's Agent
Roxanne Richardson
EXP Realty, LLC
Buyer's Agent
Marcus Daniels
Pearson Smith Realty, LLC
List Price
$369,000
Sold Price
$372,000
Premium/Discount to List
$3,000
0.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$360,840
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2001
Sold by
Murchison Larry E
Bought by
Byars Carolyn S

Purchase Details

Closed on
Dec 18, 1995
Sold by
Duquette Walter J
Bought by
Murchison Larry E and Murchison Gwendolyn
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
Maxson Mckenzie Merritt $420,000 Cla Title And Escrow
Fuller Jonathan $372,000 Champion Title & Settlements
Byars Carolyn S $158,000 --
Murchison Larry E $134,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maxson Mckenzie Merritt $403,600
Closed Maxson Mckenzie Merritt $399,000
Previous Owner Fuller Jonathan $360,840
Previous Owner Byars Carolyn S $252,000
Previous Owner Byars Carolyn S $250,813
Previous Owner Byars Carolyn S $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2020 06/01/20 Sold $420,000 -3.4% $219 / Sq Ft
04/17/2020 04/17/20 Pending -- -- --
04/02/2020 04/02/20 For Sale $435,000 +16.9% $227 / Sq Ft
06/04/2018 06/04/18 Sold $372,000 +0.8% $193 / Sq Ft
04/29/2018 04/29/18 Pending -- -- --
04/15/2018 04/15/18 For Sale $369,000 -- $191 / 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
2024 $8,318 $422,667 $0 $0
2023 $7,745 $403,000 $101,000 $302,000
2022 $7,327 $393,467 $0 $0
2021 $7,079 $383,933 $0 $0
2020 $7,025 $374,400 $100,500 $273,900
2019 $6,357 $351,800 $0 $0
2018 $6,212 $329,200 $0 $0
2017 $4,603 $306,600 $0 $0
2016 -- $282,367 $0 $0
2015 $3,967 $258,133 $0 $0
2014 $3,967 $233,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDPG563870

Bright MLS

APN: 02-0112821