NOT LISTED FOR SALE

251 Gibson Rd Pasadena, MD 21122

Estimated Value: $749,000 - $893,000

3 Beds
1 Bath
1,875 Sq Ft
$434/Sq Ft Est. Value

Last Sold March 02, 2018

Last sale price $590,000 $315 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,828/month

297 Days on Market

Highlights

  • Boathouse
  • Boat Ramp
  • Beach
  • 315 Feet of Waterfront
  • 3 Dock Slips
  • Pier

About This Home

As of March 2018

POINT OF LAND LOCATION with 315 FT of WATERFRONT! Private pier has hard-to-find boathouse, roof-top deck, multiple slips, and 6+ ft water depth. Cornfield Creek is a protected body of water but it's just a 5 minute ride out to the Magothy River & 15 mins to the Ches Bay. Awesome patio & privacy! 3-BR cottage is ready for your personal touch. 3-car garage. Seller will consider holding financing.

Last Agent to Sell the Property

Charlie Buckley

(410) 266-6880 charlie@waterfronthomes.org Long & Foster Real Estate, Inc. Listed on: 04/05/2017

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Bryan Schafer

(443) 928-0099 bryan@elitepartnersre.com Compass License #0225271554

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,458

Year Built

  • Built in 1945

Lot Details

  • 0.38 Acre Lot
  • 315 Feet of Waterfront
  • Home fronts navigable water
  • Cul-De-Sac
  • Property is Fully Fenced
  • Property is in very good condition
  • Property is zoned R2

Parking

  • 3 Car Detached Garage
  • Driveway
  • Off-Street Parking

Property Views

  • River
  • Scenic Vista

Home Design

  • Cape Cod Architecture
  • Shingle Siding

Interior Spaces

  • 1,875 Sq Ft Home
  • Property has 3 Levels
  • Traditional Floor Plan
  • Built-In Features
  • Window Treatments
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Stove

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Exterior Basement Entry
  • Workshop

Outdoor Features

  • Pier
  • Private Water Access
  • River Nearby
  • Sail
  • Rip-Rap
  • Electric Hoist or Boat Lift
  • Boathouse
  • 3 Dock Slips
  • Physical Dock Slip Conveys
  • Stream or River on Lot
  • 2 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted
  • Patio

Schools

  • Bodkin Elementary School
  • Chesapeake Bay Middle School
  • Chesapeake High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater
  • Water Conditioner is Owned
  • Septic Tank

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 020350304809100

Community Details

Overview

  • No Home Owners Association
  • Long Point Subdivision, Boathouse + Deep Water Floorplan

Recreation

  • Boat Ramp
  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,458

Year Built

Built in 1945

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Stove, Refrigerator, Washer, Dryer, Water Conditioner - Owned
  • Interior Amenities: Dining Area, Family Room Off Kitchen, Entry Level Bedroom, Built-Ins, Window Treatments, Floor Plan - Traditional
  • Fireplace: No
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Laundry, Bedroom 6
  • Basement: Yes
  • Basement Type: Outside Entrance, Partial, Workshop
  • Living Area Units: Square Feet
  • Total Sq Ft: 1875
  • Living Area Sq Ft: 1875
  • Price Per Sq Ft: 319.47
  • Above Grade Finished Sq Ft: 1875
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Boat House
  • Other Structures List: Boat House
  • Construction Materials: Shingle Siding
  • Dock Type: Pier (Perpendicular)
  • Pool Private: No
  • View: Water, Scenic Vista, River
  • View: Yes
  • Water Access Features: Private Access, Boat - Powered, Sail
  • Water Access: Yes
  • Water Body Name: CORNFIELD CREEK/MAGOTHY RIVER
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 315

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Garage, Paved Driveway, Paved Driveway
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street, Driveway, Detached Garage

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Oil
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Boat Ramp
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School: BODKIN
  • High School: CHESAPEAKE
  • Middle Or Junior School: CHESAPEAKE BAY

Lot Info

  • Fencing: Fully
  • Improvement Assessed Value: 130766.00
  • Land Assessed Value: 361334.00
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.38
  • Lot Size Area: 16693
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16693.00
  • Outdoor Living Structures: Patio(s), Roof
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15233915
  • Tax Annual Amount: 5457.50
  • Assessor Parcel Number: 020350304809100
  • Tax Lot: 9
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Waterfront Features: Private Dock Site, Rip-Rap

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2017
Closed on
Mar 2, 2018
Sold by
Cate Lawrenc and The Estate Of Carol J Cate
Bought by
Richards Keith D and Richards Amy M
Seller's Agent
Charlie Buckley
Long & Foster Real Estate, Inc.
Buyer's Agent
Bryan Schafer
Compass
List Price
$779,000
Sold Price
$590,000
Premium/Discount to List
-$189,000
-24.26%
Current Estimated Value
$814,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,603
Avg. Annual Appreciation
4.17%
Original Mortgage
$440,000
Outstanding Balance
$375,605
Interest Rate
4.22%
Mortgage Type
New Conventional
Estimated Equity
$438,998

Purchase Details

Closed on
Nov 11, 2017
Sold by
Long Point Improvement Assn Inc
Bought by
Cate Lawrence J and Estate Of Carol J Cate
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
Richards Keith D $590,000 Lakeside Title Co
Cate Lawrence J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richards Keith D $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2018 03/02/18 Sold $590,000 -1.5% $315 / Sq Ft
01/30/2018 01/30/18 Pending -- -- --
01/26/2018 01/26/18 Price Changed $599,000 -6.3% $319 / Sq Ft
11/29/2017 11/29/17 Price Changed $639,000 -4.5% $341 / Sq Ft
09/27/2017 09/27/17 Price Changed $669,000 -4.3% $357 / Sq Ft
06/28/2017 06/28/17 Price Changed $699,000 -6.2% $373 / Sq Ft
05/24/2017 05/24/17 Price Changed $745,000 -4.4% $397 / Sq Ft
04/07/2017 04/07/17 For Sale $779,000 +32.0% $415 / Sq Ft
04/05/2017 04/05/17 Off Market $590,000 -- --
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 $7,337 $680,000 -- --
2024 $7,337 $655,000 $411,500 $243,500
2023 $7,143 $629,700 $0 $0
2022 $6,678 $604,400 $0 $0
2020 $6,393 $568,400 $0 $0
2019 $6,286 $557,700 $0 $0
2018 $5,547 $547,000 $412,800 $134,200
2017 $3,874 $492,100 $0 $0
2016 -- $468,500 $0 $0
2015 -- $444,900 $0 $0
2014 -- $444,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003668019

Bright MLS

APN: 03-503-04809100