NOT LISTED FOR SALE

31 Prospect Bay Dr W Grasonville, MD 21638

Estimated Value: $1,390,000 - $1,504,000

5 Beds
2.5 Baths
4,537 Sq Ft
$320/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $894,500 $197 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $9,073/month

145 Days on Market

Highlights

  • 111 Feet of Waterfront
  • Primary bedroom faces the bay
  • Golf Club
  • Grasonville Elementary School Rated A-
  • Boat Ramp
  • Dual Staircase

About This Home

As of September 2019

Spacious waterfront Colonial in Prospect Bay. Enjoy the broad water views and gorgeous sunsets. The fabulous kitchen has large center island and breakfast area. Separate dining room, living room, 2 family rooms, and main level office make this a great home for work and play. Tons of natural light from the skylights and in the family room and the wall of windows. An oversized master suit on the main level has a large walk-in closet and master bath with jacuzzi tub, stand up shower, and dual vanities, as well as, a sitting area that offers a bay view. The whole house has been freshly painted and is waiting for your personal touch! Don't forget all the amenities of Prospect Bay Golf and Country Club including; golf, pool, tennis, boat ramp, club house & restaurant. Resort style livinng on the Eastern Shore.

Last Agent to Sell the Property

Kevin Riffle

Keller Williams Select Realtors of Annapolis License #628097 Listed on: 04/12/2019

Keller Williams Select Realtors of Annapolis

Last Buyer's Agent

Kevin Riffle

Keller Williams Select Realtors of Annapolis License #628097 Listed on: 04/12/2019

Keller Williams Select Realtors of Annapolis

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,157

Year Built

  • Built in 1989

Lot Details

  • 1 Acre Lot
  • 111 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Property is in very good condition
  • Property is zoned NC-1

HOA Fees

  • $358 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 4,537 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Wet Bar
  • Dual Staircase
  • Skylights
  • Recessed Lighting
  • Self Contained Fireplace Unit Or Insert
  • Palladian Windows
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Property near a bay
  • Rip-Rap

Utilities

  • Heat Pump System
  • Vented Exhaust Fan
  • Water Heater

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number 05-027950

Community Details

Overview

  • $150 Recreation Fee
  • Association fees include common area maintenance, pool(s), recreation facility
  • Prospect Bay Country Club HOA, Phone Number (410) 827-6950
  • Prospect Bay Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Boat Ramp
  • Golf Club
  • Tennis Courts
  • Community Pool
  • Putting Green
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,157

Year Built

Built in 1989

Lot Details

0

HOA Fees

$358 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2019-04-26
  • Year Built: 1989
  • Remarks Public: Spacious waterfront Colonial in Prospect Bay. Enjoy the broad water views and gorgeous sunsets. The fabulous kitchen has large center island and breakfast area. Separate dining room, living room, 2 family rooms, and main level office make this a great home for work and play. Tons of natural light from the skylights and in the family room and the wall of windows. An oversized master suit on the main level has a large walk-in closet and master bath with jacuzzi tub, stand up shower, and dual vanities, as well as, a sitting area that offers a bay view. The whole house has been freshly painted and is waiting for your personal touch! Don't forget all the amenities of Prospect Bay Golf and Country Club including; golf, pool, tennis, boat ramp, club house & restaurant. Resort style livinng on the Eastern Shore.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven - Double, Oven - Wall, Washer, Water Heater
  • Interior Amenities: Dining Area, Double/Dual Staircase, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Island, Primary Bath(s), Primary Bedroom - Bay Front, Recessed Lighting, Skylight(s), Walk-In Closet(s), Wet/Dry Bar, Wood Floors
  • Window Features: Palladian, Skylights
  • Fireplace Features: Insert
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room
  • Basement: No
  • Total Sq Ft: 4537
  • Living Area Sq Ft: 4537
  • Price Per Sq Ft: 204.76
  • Above Grade Finished Sq Ft: 4537
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 31

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Roof: Shingle
  • Water Access: Yes
  • Water Body Name: Chesapeake
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No
  • Water Frontage In Feet: 111

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 358.33
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Boat Ramp, Club House, Common Grounds, Golf Club, Jog/Walk Path, Pool - Outdoor, Putting Green, Swimming Pool, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Recreation Facility
  • HOA Name: PROSPECT BAY COUNTRY CLUB
  • HOA Phone: 410-827-6950
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: 150.00
  • Association Recreation Fee: Yes
  • Community Pool Features: Fenced, In Ground

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 110
  • Lot Size Acres: 1.00
  • Lot Dimensions: x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: NC-1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4530424
  • Tax Annual Amount: 9157.00
  • Assessor Parcel Number: 05-027950
  • Tax Lot: 56
  • Tax Total Finished Sq Ft: 4537
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 09/30/2019

Multi Family

  • Waterfront Features: Rip-Rap

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2019
Closed on
Sep 30, 2019
Sold by
Lee Sang Chul and Lee Mo Youl
Bought by
Eisenberg Geoffrey P and Eisenberg Jennifer L
Seller's Agent
Kevin Riffle
Keller Williams Select Realtors of Annapolis
Buyer's Agent
Kevin Riffle
Keller Williams Select Realtors of Annapolis
List Price
$979,000
Sold Price
$894,500
Premium/Discount to List
-$84,500
-8.63%
Current Estimated Value
$1,451,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$556,649
Avg. Annual Appreciation
7.08%
Original Mortgage
$700,000
Outstanding Balance
$622,609
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$717,616

Purchase Details

Closed on
Aug 27, 1986
Sold by
Garcia Raymond and Garcia Fruzsina
Bought by
Lee Sang Chul and Mol Youl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,625
Interest Rate
10.04%

Purchase Details

Closed on
Dec 15, 1982
Sold by
M C D Enterprises, Inc
Bought by
Garcia Raymond and Garcia Fruzsina
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
Eisenberg Geoffrey P $894,500 Home First Title Group Llc
Lee Sang Chul $83,500 --
Garcia Raymond $43,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eisenberg Geoffrey P $700,000
Previous Owner Lee Sang Chui $25,000
Previous Owner Lee Sang Chui $350,000
Previous Owner Lee Sang Chul $62,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2019 09/30/19 Sold $894,500 -3.7% $197 / Sq Ft
09/05/2019 09/05/19 Pending -- -- --
07/22/2019 07/22/19 Price Changed $929,000 -5.1% $205 / Sq Ft
04/12/2019 04/12/19 For Sale $979,000 -- $216 / 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 $9,691 $1,115,333 $0 $0
2024 $9,691 $1,028,800 $550,000 $478,800
2023 $9,270 $984,033 $0 $0
2022 $8,848 $939,267 $0 $0
2021 $8,579 $894,500 $550,000 $344,500
2020 $8,579 $894,500 $550,000 $344,500
2019 $9,261 $965,600 $0 $0
2018 $9,157 $954,700 $450,000 $504,700
2017 $8,401 $915,300 $0 $0
2016 -- $875,900 $0 $0
2015 $4,092 $836,500 $0 $0
2014 $4,092 $836,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA137146

Bright MLS

APN: 05-027950