NOT LISTED FOR SALE

350 Prospect Bay Dr W Grasonville, MD 21638

Estimated Value: $795,105 - $890,000

5 Beds
3.5 Baths
2,212 Sq Ft
$376/Sq Ft Est. Value

Last Sold May 14, 2020

Last sale price $535,000 $242 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,233/month

55 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • Bar or Lounge
  • Grasonville Elementary School Rated A-
  • Golf Club
  • Cabana

About This Home

As of May 2020

REDUCED! Lovely Cape Cod in Prospect Bay golf community with 5 bedrooms and 3 full baths and one-half bath on cul de sac. Don't let the exterior deceive you, this is a beautiful, upgraded home with new hardwood floors and an open layout perfect for entertaining. Two masters - one on each floor. Open kitchen adjacent to large family room with lots of natural light, fireplace and sliders to the deck and in-ground pool. Separate dining room area off the kitchen. Workshop/den/pool house opens to the pool with its own heating/airconditioning system. Oversized garage with lots of storage and an unfinished area over the garage. Fenced in the back yard with privacy. The community offers golf, tennis, pool, restaurant, playground, marina and more.

Last Agent to Sell the Property

Biana Arentz

Coldwell Banker Realty License #578595 Listed on: 02/08/2020

Coldwell Banker Realty

Last Buyer's Agent

Cynthia Taylor

CENTURY 21 New Millennium License #620384

CENTURY 21 New Millennium

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,000

Year Built

  • Built in 1987

Lot Details

  • 1.02 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • No Through Street
  • Private Lot
  • Partially Wooded Lot
  • Back and Front Yard
  • Property is in very good condition
  • Property is zoned NC-1

HOA Fees

  • $358 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Oversized Parking
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Bump-Outs
  • Studio
  • Brick Front

Interior Spaces

  • 2,212 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Crown Molding
  • Beamed Ceilings
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Fireplace Mantel
  • Brick Fireplace
  • Gas Fireplace
  • Family Room Off Kitchen
  • Dining Area
  • Crawl Space
  • Laundry on lower level
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Slate Flooring

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Pool

  • Cabana
  • In Ground Pool
  • Poolside Lot

Outdoor Features

  • Water Oriented
  • Property near a bay
  • Lake Privileges
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Shed
  • Outbuilding

Schools

  • Grasonville Elementary School
  • Stevensville Middle School
  • Kent Island High School

Utilities

  • Heat Pump System
  • Programmable Thermostat
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 248
  • Assessor Parcel Number 1805030277

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s)
  • Prospect Bay HOA, Phone Number (410) 827-6950
  • Prospect Bay Subdivision

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse
  • Meeting Room
  • Party Room
  • Bar or Lounge

Recreation

  • Boat Ramp
  • Marina
  • Golf Club
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Putting Green

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,000

Year Built

Built in 1987

Lot Details

0

HOA Fees

$358 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial, Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1987
  • Remarks Public: REDUCED! Lovely Cape Cod in Prospect Bay golf community with 5 bedrooms and 3 full baths and one-half bath on cul de sac. Don't let the exterior deceive you, this is a beautiful, upgraded home with new hardwood floors and an open layout perfect for entertaining. Two masters - one on each floor. Open kitchen adjacent to large family room with lots of natural light, fireplace and sliders to the deck and in-ground pool. Separate dining room area off the kitchen. Workshop/den/pool house opens to the pool with its own heating/airconditioning system. Oversized garage with lots of storage and an unfinished area over the garage. Fenced in the back yard with privacy. The community offers golf, tennis, pool, restaurant, playground, marina and more.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Carpet, Hardwood, Tile/Brick, Slate
  • Interior Amenities: Attic, Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Crown Moldings, Dining Area, Entry Level Bedroom, Exposed Beams, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Kitchen - Table Space, Primary Bath(s), Recessed Lighting, Skylight(s), Studio, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplace Features: Brick, Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Has Laundry, Lower Floor
  • Total Sq Ft: 2212
  • Living Area Sq Ft: 2212
  • Price Per Sq Ft: 266.27
  • Above Grade Finished Sq Ft: 2212
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 350

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Cabana/Pool House, Shed
  • Construction Materials: Brick Front, Brick, Combination
  • Exterior Features: Bump-Outs, Exterior Lighting, Outbuilding(s), Secure Storage
  • Pool Features: In Ground
  • Water Access: No
  • Water Body Name: Eastern/Prospect Bay
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Parking Features: Asphalt Driveway, Private
  • Garage Features: Additional Storage Area, Garage - Front Entry, Garage Door Opener, Inside Access, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Heat Pump(s), Programmable Thermostat
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Cable Tv Available, Phone, Other
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 358.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Bar/Lounge, Boat Ramp, Club House, Common Grounds, Golf Club, Golf Course, Marina/Marina Club, Meeting Room, Party Room, Picnic Area, Pool - Outdoor, Putting Green, Swimming Pool, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s)
  • HOA Name: PROSPECT BAY
  • HOA Phone: 410-827-6950
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
  • Elementary School: GRASONVILLE
  • Middle School: STEVENSVILLE
  • High School: KENT ISLAND
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121137777627
  • School District Source: 3rd Party
  • Elementary School: GRASONVILLE
  • High School: KENT ISLAND
  • Middle Or Junior School: STEVENSVILLE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Fencing: Partially
  • Improvement Assessed Value: 261900.00
  • Land Assessed Value: 155200.00
  • Land Use Code: 110
  • Lot Features: Cul-De-Sac, Front Yard, No Thru Street, Partly Wooded, Poolside, Private, Rear Yard
  • Lot Size Acres: 1.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 44431.00
  • Outdoor Living Structures: Balcony, Deck(s), Patio(s)
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: NC-1
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4530634
  • Tax Annual Amount: 4000.00
  • Assessor Parcel Number: 1805030277
  • Tax Lot: 248
  • Tax Total Finished Sq Ft: 2212
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 05/14/2020

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2020
Closed on
May 14, 2020
Sold by
Crowe Thomas Y and Crowe Janice J
Bought by
Parkent Timothy A and Parkent Tammila L
Seller's Agent
Biana Arentz
Coldwell Banker Realty
Buyer's Agent
Cynthia Taylor
CENTURY 21 New Millennium
List Price
$599,000
Sold Price
$535,000
Premium/Discount to List
-$64,000
-10.68%
Current Estimated Value
$830,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,776
Avg. Annual Appreciation
8.64%
Original Mortgage
$519,332
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 22, 2017
Closed on
Apr 26, 2018
Sold by
Goodman Terry L and Lyman Deborah A
Bought by
Crowe Thomas Y and Crowe Janice J
Seller's Agent
Biana Arentz
Coldwell Banker Realty
Buyer's Agent
Biana Arentz
Coldwell Banker Realty
List Price
$460,000
Sold Price
$420,000
Premium/Discount to List
-$40,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.53%

Purchase Details

Closed on
Sep 30, 1997
Sold by
Kelly Clyde V
Bought by
Scherber Shirley A and Scherber Frank J

Purchase Details

Closed on
Jun 23, 1987
Sold by
Future Development Co
Bought by
Kelly Clyde and Kelly Kathleen H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,500
Interest Rate
10.44%

Purchase Details

Closed on
Jun 17, 1986
Sold by
Voskamp Leonard W and Voskamp Constance E
Bought by
Future Development Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
10.76%
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
Parkent Timothy A $535,000 Eagle Title Llc
Crowe Thomas Y $420,000 Liberty Title & Escrow Of Ma
Scherber Shirley A $220,000 --
Kelly Clyde $174,500 --
Future Development Co $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parkent Timothy A $560,000
Closed Parkent Timothy A $519,332
Previous Owner Kelly Clyde $174,500
Previous Owner Future Development Co $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2020 05/14/20 Sold $535,000 -9.2% $242 / Sq Ft
04/03/2020 04/03/20 Pending -- -- --
03/20/2020 03/20/20 Price Changed $589,000 -1.7% $266 / Sq Ft
02/08/2020 02/08/20 For Sale $599,000 +42.6% $271 / Sq Ft
04/26/2018 04/26/18 Sold $420,000 -3.4% $190 / Sq Ft
04/16/2018 04/16/18 Pending -- -- --
04/03/2018 04/03/18 Price Changed $434,900 -4.4% $197 / Sq Ft
03/18/2018 03/18/18 Price Changed $454,900 -1.1% $206 / Sq Ft
12/22/2017 12/22/17 For Sale $460,000 -- $208 / 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 $4,590 $552,100 $0 $0
2024 $4,590 $519,600 $200,200 $319,400
2023 $4,360 $485,433 $0 $0
2022 $4,140 $451,267 $0 $0
2021 $4,000 $417,100 $155,200 $261,900
2020 $4,000 $417,100 $155,200 $261,900
2019 $4,000 $417,100 $155,200 $261,900
2018 $4,263 $444,500 $145,200 $299,300
2017 $4,246 $436,533 $0 $0
2016 -- $428,567 $0 $0
2015 $3,576 $420,600 $0 $0
2014 $3,576 $404,667 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA142922

Bright MLS

APN: 05-030277