NOT LISTED FOR SALE

331 Magnolia Dr Elkton, MD 21921

Estimated Value: $421,000 - $460,000

4 Beds
2.5 Baths
2,200 Sq Ft
$198/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $400,000 $182 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,786/month

49 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • Colonial Architecture
  • Combination Kitchen and Living
  • Open Floorplan
  • Clubhouse
  • Upgraded Countertops

About This Home

As of February 2024

WOOHOO! Why wait for new construction when you can move right in to this new home on a corner lot, built in 2020. Enjoy the new community pool, clubhouse and dog park. Main level features LVP flooring throughout, an open layout with an eat-in kitchen, large island, white cabinets, granite counters, stainless appliances and pantry. Glass slider in kitchen offers lot of natural light and leads to the new paver patio that will be perfect for entertaining. Upper level features four bedrooms including owners suite with private bath, two walk-in closets, hall bath with LVP flooring and dual vanity plus bonus loft area that could be used as a 5th bedroom or would make a great home office or playroom. You will love the convenience of upper level laundry. Large unfinished basement with rough-in. Close to RT 40, the town of North East, marinas and great local restaurants.

Last Agent to Sell the Property

Kristin Lewis

(443) 350-6737 kristinshomes@hotmail.com Integrity Real Estate Listed on: 12/01/2023

Integrity Real Estate

Co-Listed By

Follow My Heels

(410) 920-0053 followmyheels@gmail.com Integrity Real Estate License #RSR003750

Last Buyer's Agent

Theresa Jackson

(443) 350-0646 compassrealtyexperience@gmail.com Compass Realty, Inc. License #507546

Compass Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,924

Year Built

  • Built in 2020

Lot Details

  • 9,453 Sq Ft Lot
  • Property is in excellent condition
  • Property is zoned R4

HOA Fees

  • $40 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Permanent Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,200 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Basement
  • Connecting Stairway

Kitchen

  • Eat-In Gourmet Kitchen
  • Electric Oven or Range
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Electric Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3018
  • Assessor Parcel Number 0805132207

Community Details

Overview

  • Association fees include common area maintenance, pool(s), recreation facility
  • $38 Other Monthly Fees
  • Ridgely Forest HOA
  • Ridgely Forest Subdivision
  • Property Manager

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse
  • Recreation Room

Recreation

  • Community Pool
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,924

Year Built

Built in 2020

Lot Details

0

HOA Fees

$40 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2023-12-01
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Stove, Washer
  • Flooring Type: Luxury Vinyl Plank, Carpet
  • Interior Amenities: Walk-In Closet(s), Upgraded Countertops, Primary Bath(s), Pantry, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Kitchen - Eat-In, Floor Plan - Open, Family Room Off Kitchen, Carpet, Ceiling Fan(s), Combination Kitchen/Living
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Permanent
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2200
  • Living Area Sq Ft: 2200
  • Price Per Sq Ft: 181.77
  • Above Grade Finished Sq Ft: 2200
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed, Vinyl Siding
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 212.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 40.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds, Club House, Dog Park, Swimming Pool, Recreational Center, Pool - Outdoor, Picnic Area
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Recreation Facility
  • HOA Name: RIDGELY FOREST
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground, Fenced

Fee Information

  • Other Fees: 450.00
  • Other Fees Frequency: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9453.00
  • Property Condition: Excellent
  • Zoning: R4
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 4924.00
  • Assessor Parcel Number: 0805132207
  • Tax Lot: 3018
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: CECIL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Feb 13, 2024
Sold by
Walczak Pawel and Walczak Kathleen
Bought by
Akbay Merve and Cunningham Cameron M
Seller's Agent
Kristin Lewis
Integrity Real Estate
Buyer's Agent
Theresa Jackson
Compass Realty, Inc.
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Views
325
Current Estimated Value
$435,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,645
Avg. Annual Appreciation
5.15%
Original Mortgage
$380,000
Outstanding Balance
$373,347
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$62,298

Purchase Details

Closed on
Dec 23, 2020
Sold by
Nvr Inc
Bought by
Walczak Pawel and Walczak Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,810
Interest Rate
2.71%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 2, 2020
Sold by
Worf Llc
Bought by
Nvr Inc
Source: Public Records

Range of Values:

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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
Akbay Merve $400,000 Stewart Title
Akbay Merve $400,000 Stewart Title
Walczak Pawel $332,840 Kirsh Title Services Inc
Nvr Inc $261,522 Nvr Settlement Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akbay Merve $380,000
Closed Akbay Merve $380,000
Previous Owner Walczak Pawel $326,810
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2024 02/16/24 Sold $400,000 0.0% $182 / Sq Ft
01/20/2024 01/20/24 Pending -- -- --
12/01/2023 12/01/23 For Sale $399,900 -- $182 / 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 $5,463 $325,733 $0 $0
2024 $4,953 $316,367 $0 $0
2023 $4,473 $307,000 $100,800 $206,200
2022 $5,069 $298,567 $0 $0
2021 $4,967 $290,133 $0 $0
2020 $800 $50,300 $50,300 $0
2019 $800 $49,000 $0 $0
2018 $776 $47,500 $0 $0
2017 $701 $46,000 $0 $0
2016 $674 $44,300 $0 $0
2015 $674 $42,600 $0 $0
2014 $1,244 $40,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDCC2011118

Bright MLS

APN: 05-132207