$525,000
SOLD MAY 22, 2012

348 Prospect Bay Dr W Grasonville, MD 21638

3 Beds
2.5 Baths
3,122 Sq Ft
1 Acres

Recently Sold

$168 Per Sq Ft

5% Below List Price

2 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • View of Trees or Woods
  • Grasonville Elementary School Rated A-
  • Golf Club
  • Open Floorplan

About This Home

As of June 2021

PROSPECT BAY TRADITIONAL ELEGANCE WITH ALL THE AMMENITIES. GOURMET KITCHEN WITH GRANITE, 6-BURNER GAS COOKTOP, THERMIDOR OVEN, WARMING DRAWER, SUB-ZERO REFRIGERATOR, BOSCH DISHWASHER AND MORE. FORMAL LR AND DR, MEDIA ROOM WITH GRANITE WET BAR. SURROUND BOSS SYSTEM, GREAT DECK AND SUNROOM PERFECT FOR ENTERTAINING. NO SIGN ON PROPERTY. ONLY QUALIFIED BUYERS PLEASE. CHAIRLIFT CAN CONVEY.

Last Agent to Sell the Property

Biana Arentz

Coldwell Banker Realty License #578595 Listed on: 04/15/2012

Coldwell Banker Realty

Co-Listed By

Steven Arentz

Coldwell Banker Realty

Last Buyer's Agent

Linda Heller

Coldwell Banker Waterman Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,300

Year Built

  • Built in 1984

Lot Details

  • 1 Acre Lot
  • West Facing Home
  • Landscaped
  • No Through Street
  • Backs to Trees or Woods
  • Property is in very good condition
  • Property is zoned NC-1

HOA Fees

  • $314 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Shingle Siding
  • Cedar

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Ceiling Fan
  • 3 Fireplaces
  • Fireplace With Glass Doors
  • Screen For Fireplace
  • Fireplace Mantel
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Combination Kitchen and Living
  • Dining Room
  • Den
  • Sun or Florida Room
  • Wood Flooring
  • Views of Woods
  • Basement
  • Sump Pump
  • Intercom

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Gas Oven or Range
  • Six Burner Stove
  • Cooktop with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Chairlift

Outdoor Features

  • Lake Privileges
  • Deck
  • Patio
  • Shed
  • Wrap Around Porch

Utilities

  • Heat Pump System
  • Vented Exhaust Fan
  • 60 Gallon+ Bottled Gas Water Heater
  • Public Septic

Listing and Financial Details

  • Tax Lot 249
  • Assessor Parcel Number 1805030285

Community Details

Overview

  • Association fees include pool(s), snow removal
  • $18 Other Monthly Fees

Amenities

  • Common Area

Recreation

  • Boat Ramp
  • Marina
  • Beach
  • Golf Club
  • Golf Course Community
  • Tennis Courts
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,300

Year Built

Built in 1984

Lot Details

0

HOA Fees

$314 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Accessibility Features: Chairlift
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Intercom, Microwave, Oven - Double, Oven/Range - Gas, Range Hood, Refrigerator, Six Burner Stove, Washer
  • Interior Amenities: Breakfast Area, Combination Kitchen/Living, Kitchen - Island, Dining Area, Built-Ins, Window Treatments, Upgraded Countertops, Master Bath(s), Wet/Dry Bar, Wood Floors, Floor Plan - Open
  • Fireplace Features: Equipment, Gas/Propane, Fireplace - Glass Doors, Mantel(s), Screen
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Master Bedroom, Bedroom 2, Kitchen, Family Room, Den, Foyer, Bedroom 1, Study, Sun/Florida Room, Laundry
  • Basement: Yes
  • Basement Type: Sump Pump
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures List: Shed
  • Construction Materials: Cedar, Frame, Shingle Siding, Wood Siding
  • Construction Completed: No
  • Roof: Asphalt
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Garage
  • Garage Features: Garage Door Opener, Garage - Front Entry
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street, Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Bottled Gas, Electric
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 314.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Boat Ramp, Common Grounds, Golf Club, Marina/Marina Club, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges, Golf Course
  • HOA Condo Co-Op Fee Includes: Pool(s), Snow Removal
  • HOA Condo Co-Op Management Type: Owner/Self-Management, Professional - On-Site
  • HOA: Yes

Fee Information

  • Other Fees: 55.35
  • Other Fees Frequency: Quarterly

Lot Info

  • Improvement Assessed Value: 449370.00
  • Land Assessed Value: 235000.00
  • Lot Features: Backs To Trees, Landscaping, No Thru Street
  • Lot Size Acres: 1.00
  • Lot Size Area: 43560
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es), Wrap Around
  • Property Condition: Very Good
  • Year Assessed: 2009
  • Zoning: NC-1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4530635
  • Tax Annual Amount: 5299.76
  • Assessor Parcel Number: 1805030285
  • Tax Lot: 249
  • Tax Total Finished Sq Ft: 3122
  • Tax Year: 2008
  • Close Date: 05/22/2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2021
Closed on
Jun 30, 2021
Sold by
Smith David B and Smith Linda Mae
Bought by
Rosol Paul M and Rosol Geraldine F
Seller's Agent
Biana Arentz
Coldwell Banker Realty
Buyer's Agent
Donald Bailey
Coldwell Banker Realty
List Price
$659,000
Sold Price
$675,000
Premium/Discount to List
$16,000
2.43%
Current Estimated Value
$926,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,729
Avg. Annual Appreciation
7.88%
Original Mortgage
$651,830
Interest Rate
2.9%
Mortgage Type
VA

Purchase Details

Closed on
Jan 14, 2013
Sold by
Smith David B
Bought by
Smith David B and Smith Linda Mae

Purchase Details

Listed on
Apr 15, 2012
Closed on
May 22, 2012
Sold by
Douglas Joan M
Bought by
Smith David B
Seller's Agent
Biana Arentz
Coldwell Banker Realty
Buyer's Agent
Linda Heller
Coldwell Banker Waterman Realty
List Price
$549,900
Sold Price
$525,000
Premium/Discount to List
-$24,900
-4.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.37%
Original Mortgage
$325,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2008
Sold by
Douglas Joan M
Bought by
Douglas Joan M Trustee Of The

Purchase Details

Closed on
Feb 1, 2008
Sold by
Douglas Joan M
Bought by
Douglas Joan M Trustee Of The

Purchase Details

Closed on
Jul 11, 2006
Sold by
Walker Daniel C and Walker Thaila R
Bought by
Douglas Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.67%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 10, 2006
Sold by
Walker Daniel C and Walker Thaila R
Bought by
Douglas Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.67%
Mortgage Type
Stand Alone Second
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 Type Sale Price Title Company
Deed $675,000 Delmarva Title Co
Interfamily Deed Transfer -- Brilliant Title Corporation
Deed $525,000 Brilliant Title Corporation
Deed -- --
Deed -- --
Deed $715,000 --
Deed $715,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $651,830 VA
Previous Owner $325,000 New Conventional
Previous Owner $140,000 Stand Alone Second
Previous Owner $500,000 Purchase Money Mortgage
Previous Owner $500,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $675,000 +0.9% $216 / Sq Ft
05/16/2021 05/16/21 Pending -- -- --
05/06/2021 05/06/21 Price Changed $669,000 +1.5% $214 / Sq Ft
04/09/2021 04/09/21 For Sale $659,000 -2.4% $211 / Sq Ft
04/06/2021 04/06/21 Off Market $675,000 -- --
05/22/2012 05/22/12 Sold $525,000 -4.5% $168 / Sq Ft
04/17/2012 04/17/12 Pending -- -- --
04/15/2012 04/15/12 For Sale $549,900 -- $176 / 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 $6,154 $695,633 $0 $0
2024 $6,154 $653,300 $200,000 $453,300
2023 $5,897 $625,967 $0 $0
2022 $5,639 $598,633 $0 $0
2021 $5,405 $571,300 $155,000 $416,300
2020 $5,405 $563,500 $0 $0
2019 $5,330 $555,700 $0 $0
2018 $5,255 $547,900 $145,000 $402,900
2017 $5,040 $536,700 $0 $0
2016 -- $525,500 $0 $0
2015 $5,762 $514,300 $0 $0
2014 $5,762 $514,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003943550

Bright MLS

APN: 05-030285