NOT LISTED FOR SALE

351 Driftwood Ln Solomons, MD 20688

Estimated Value: $349,000 - $441,000

3 Beds
2 Baths
1,561 Sq Ft
$475/mo HOA Fee

Last Sold July 08, 2016

Last sale price $220,000 $141 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $2,786/month

7 Days on Market

Highlights

  • 5 Dock Slips
  • Home fronts navigable water
  • Fitness Center
  • Pier or Dock
  • Private Water Access
  • Gated Community

About This Home

As of July 2016

Here it is- the retreat you have been waiting for. Make this your full time home or enjoy a wonderful weekend getaway. Interior features hard wood floors, gas fireplace, 3 full bedrooms and 2 baths .Open kitchen with island and tile floors,and room for a table. Large L shaped deck off of kitchen. Separate laundry room and super amenities to make your life a vacation.

Last Agent to Sell the Property

Barbara Raley

(301) 904-2172 barbara.raley@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty Listed on: 05/03/2016

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Massey Rausch

(410) 326-3133 masseyrausch@gmail.com O'Brien Realty ERA Powered License #MRIS:3046501

O'Brien Realty ERA Powered

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,194

Year Built

  • Built in 2002

Lot Details

  • Home fronts navigable water
  • Creek or Stream
  • Property is in very good condition

HOA Fees

  • $475 Monthly HOA Fees

Parking

  • 1 Assigned Parking Space

Home Design

  • Contemporary Architecture
  • HardiePlank Type

Interior Spaces

  • 1,561 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Fireplace With Glass Doors
  • Window Treatments
  • Combination Dining and Living Room
  • Wood Flooring
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Doors are 32 inches wide or more
  • Entry Slope Less Than 1 Foot
  • Ramp on the main level
  • Vehicle Transfer Area

Outdoor Features

  • Private Water Access
  • 5 Dock Slips
  • Physical Dock Slip Conveys
  • 6 Powered Boats Permitted
  • 6 Non-Powered Boats Permitted
  • Deck

Location

  • Property is near creek

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • Tax Lot 351
  • Assessor Parcel Number 0501208586

Community Details

Overview

  • Moving Fees Required
  • Association fees include exterior building maintenance, lawn maintenance, insurance, snow removal, pier/dock maintenance, pool(s), reserve funds, trash, security gate
  • Low-Rise Condominium
  • Solomons Landing Subdivision, The Portside Floorplan
  • Solomons Landing Community
  • The community has rules related to covenants

Amenities

  • Picnic Area
  • Common Area
  • Community Center
  • Meeting Room

Recreation

  • Pier or Dock
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Putting Green
  • Jogging Path

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,194

Year Built

Built in 2002

Lot Details

0

HOA Fees

$475 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors, Elevator, Entry Slope <1', Level Entry - Main, Ramp - Main Level, Vehicle Transfer Area
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 2002
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Exhaust Fan, Microwave, Oven/Range - Gas, Refrigerator, Washer, Dishwasher, Dryer, Disposal
  • Interior Amenities: Kitchen - Island, Kitchen - Table Space, Combination Dining/Living, Kitchen - Eat-In, Primary Bath(s), Window Treatments, Wood Floors, Floor Plan - Open
  • Fireplace Features: Equipment, Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: 1st Floor
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1561
  • Living Area Sq Ft: 1561
  • Price Per Sq Ft: 144.14
  • Above Grade Finished Sq Ft: 1561
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Hardiplank Type
  • Dock Type: Multiple Slip
  • Pool Private: No
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Name: BACK CREEK
  • Water Body Type: Creek/Stream
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned

Utilities

  • Refuse: 121.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security Gate
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 475.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Community Center, Exercise Room, Fitness Center, Gated Community, Jog/Walk Path, Meeting Room, Picnic Area, Pier/Dock, Pool - Outdoor, Putting Green, Security, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Lawn Maintenance, Insurance, Snow Removal, Pier/Dock Maintenance, Pool(s), Reserve Funds, Trash, Security Gate
  • HOA Condo Co-Op Rules: Covenants, Moving Fees Required, Pets - Allowed, Restrictions
  • HOA: No
  • Senior Community: No

Lot Info

  • Improvement Assessed Value: 160600.00
  • Land Assessed Value: 45900.00
  • Outdoor Living Structures: Deck(s)
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Zoning: R

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14975312
  • Tax Annual Amount: 2194.26
  • Assessor Parcel Number: 0501208586
  • Tax Lot: 351
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

Multi Family

  • Dock Slip Conveyance: Deeded

MLS Schools

  • School District Name: CALVERT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2016
Closed on
Jul 8, 2016
Sold by
Lyle Stephen P and Lyle Leanne C
Bought by
Culbreth Michael A and Culbreth Donna A
Seller's Agent
Barbara Raley
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Massey Rausch
O'Brien Realty ERA Powered
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Current Estimated Value
$392,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,135
Avg. Annual Appreciation
6.25%
Original Mortgage
$215,000
Outstanding Balance
$171,745
Interest Rate
3.6%
Mortgage Type
VA
Estimated Equity
$220,390

Purchase Details

Listed on
Apr 8, 2013
Closed on
Oct 7, 2014
Sold by
Wood Catherine
Bought by
Lyle Stephen P and Lyle Leanne C
Seller's Agent
Susan Thompson
Monument Sotheby's International Realty
Buyer's Agent
Barbara Raley
Berkshire Hathaway HomeServices PenFed Realty
List Price
$245,000
Sold Price
$204,900
Premium/Discount to List
-$40,100
-16.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%

Purchase Details

Closed on
Dec 15, 2003
Sold by
Macklin John D
Bought by
Wood Harvey E and Wood Catherine

Purchase Details

Closed on
Aug 5, 2002
Sold by
Solomons Homes & Marina Llc
Bought by
Macklin John D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Culbreth Michael A $220,000 Attorney
Lyle Stephen P $204,900 None Available
Wood Harvey E $250,000 --
Macklin John D $202,455 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Culbreth Michael A $215,000
Closed Macklin John D --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2016 07/08/16 Sold $220,000 -2.2% $141 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $225,000 +9.8% $144 / Sq Ft
10/07/2014 10/07/14 Sold $204,900 -2.0% $128 / Sq Ft View Prior Sale
08/25/2014 08/25/14 Pending -- -- --
08/09/2014 08/09/14 Price Changed $209,000 -5.0% $131 / Sq Ft
05/16/2014 05/16/14 Price Changed $219,900 -4.3% $137 / Sq Ft
03/27/2014 03/27/14 Price Changed $229,900 -4.2% $144 / Sq Ft
10/14/2013 10/14/13 Price Changed $239,900 -2.1% $150 / Sq Ft
07/20/2013 07/20/13 For Sale $245,000 0.0% $153 / Sq Ft
07/06/2013 07/06/13 Pending -- -- --
04/08/2013 04/08/13 For Sale $245,000 -- $153 / 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 $3,134 $275,433 $0 $0
2024 $2,881 $252,467 $0 $0
2023 $2,539 $229,500 $51,000 $178,500
2022 $2,536 $229,500 $51,000 $178,500
2021 $2,541 $229,500 $51,000 $178,500
2020 $2,541 $229,500 $51,000 $178,500
2019 $2,469 $221,833 $0 $0
2018 $2,376 $214,167 $0 $0
2017 $2,323 $206,500 $0 $0
2016 -- $206,500 $0 $0
2015 $2,824 $206,500 $0 $0
2014 $2,824 $229,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003904677

Bright MLS

APN: 01-208586