NOT LISTED FOR SALE

387 South Dr Severna Park, MD 21146

Estimated Value: $1,430,000 - $1,800,000

4 Beds
2.5 Baths
3,529 Sq Ft
$478/Sq Ft Est. Value

Last Sold October 20, 2022

Last sale price $1,650,000 $468 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,510/month

4 Days on Market

Highlights

  • 72 Feet of Waterfront
  • 2 Dock Slips
  • Open Floorplan
  • Folger McKinsey Elementary at Chesapeake Bay Middle School Rated A-
  • Fishing Allowed
  • Deck

About This Home

As of October 2022

Fantastic waterfront home w/ a lovely water view of Cattail Creek and the Magothy River! Deep water for sail boats! Serene location in a no wake zone but very close to the mouth of the Magothy for boating convenience! Enjoy the private setting, retractable awning covered deck, and private dock with gradual steps to the 2 slips including a boat lift! This home has many recent updates including: roof with solar panels (owned), double paned windows, beautiful landscaping with exterior lighting and irrigation, heat pump, hot water heater, hot tub, gas fireplace insert, deck awning, refinished hardwood floors, and new slider! Open floor plan w/ plenty of natural light and lots of glass! First floor primary bedroom suite & sitting room. Beautiful hardwood floors on the main level. Basement has a game room with a cozy wood stove and a rough-in for a full bath. For car enthusiasts, there is a 3-car garage w/ heat & AC. Severna Park Blue Ribbon schools! Convenient to Annapolis, Baltimore, Rt. 50, Rt. 10, Rt. 100, I-695 and I-97.

Last Agent to Sell the Property

Tricia Bell

Coldwell Banker Realty License #72268 Listed on: 09/02/2022

Coldwell Banker Realty

Last Buyer's Agent

Pamela Ackermann-Doll

RE/MAX Executive License #602449

RE/MAX Executive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,852

Year Built

  • Built in 1988

Lot Details

  • 0.37 Acre Lot
  • 72 Feet of Waterfront
  • Home fronts navigable water
  • Creek or Stream
  • Vinyl Fence
  • Sprinkler System

Parking

  • 3 Car Detached Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Stove
  • Gas Fireplace
  • Double Pane Windows
  • Casement Windows
  • French Doors
  • Six Panel Doors
  • Sitting Room
  • Combination Dining and Living Room
  • Water Views
  • Attic

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Sump Pump
  • Laundry in Basement
  • Rough-In Basement Bathroom
  • Natural lighting in basement

Accessible Home Design

  • Grab Bars
  • Doors are 32 inches wide or more
  • Ramp on the main level

Outdoor Features

  • Outdoor Shower
  • Canoe or Kayak Water Access
  • Sail
  • Bulkhead
  • Rip-Rap
  • Electric Hoist or Boat Lift
  • 2 Dock Slips
  • Physical Dock Slip Conveys
  • Powered Boats Permitted
  • Deck
  • Exterior Lighting

Location

  • Property is near a creek

Schools

  • Folger Mckinsey Elementary School
  • Severna Park Middle School
  • Severna Park High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 33R
  • Assessor Parcel Number 020352090052230

Community Details

Overview

  • No Home Owners Association
  • Magothy Beach Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,852

Year Built

Built in 1988

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Accessibility Features: Ramp - Main Level, 32"+ Wide Doors, Grab Bars Mod
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2022-09-03
  • Year Built: 1988
  • Remarks Public: Fantastic waterfront home w/ a lovely water view of Cattail Creek and the Magothy River! Deep water for sail boats! Serene location in a no wake zone but very close to the mouth of the Magothy for boating convenience! Enjoy the private setting, retractable awning covered deck, and private dock with gradual steps to the 2 slips including a boat lift! This home has many recent updates including: roof with solar panels (owned), double paned windows, beautiful landscaping with exterior lighting and irrigation, heat pump, hot water heater, hot tub, gas fireplace insert, deck awning, refinished hardwood floors, and new slider! Open floor plan w/ plenty of natural light and lots of glass! First floor primary bedroom suite & sitting room. Beautiful hardwood floors on the main level. Basement has a game room with a cozy wood stove and a rough-in for a full bath. For car enthusiasts, there is a 3-car garage w/ heat & AC. Severna Park Blue Ribbon schools! Convenient to Annapolis, Baltimore, Rt. 50, Rt. 10, Rt. 100, I-695 and I-97.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Oven/Range - Electric, Washer
  • Flooring Type: Hardwood
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Attic, Primary Bath(s), Recessed Lighting, Stall Shower, Walk-In Closet(s), Whirlpool/Hottub, Wood Floors, Stove - Wood
  • Window Features: Casement, Double Pane
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French, Six Panel
  • Foundation Details: Block
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Sitting Room
  • Basement: Yes
  • Basement Type: Daylight, Full, Partially Finished, Rough Bath Plumb, Walkout Level, Sump Pump
  • Laundry Type: Basement
  • Total Sq Ft: 4511
  • Living Area Sq Ft: 3529
  • Price Per Sq Ft: 544.73
  • Above Grade Finished Sq Ft: 3029
  • Below Grade Finished Sq Ft: 500
  • Below Grade Sq Ft: 982
  • Total Below Grade Sq Ft: 1482
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 387

Beds/Baths

  • Bedrooms: 4
  • 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
  • Construction Materials: Vinyl Siding
  • Exterior Features: Exterior Lighting, Underground Lawn Sprinkler, Outside Shower
  • View: Water
  • Water Access Features: Sail, Boat - Powered, Canoe/Kayak, Fishing Allowed
  • Water Access: Yes
  • Water Body Name: Cattail Creek/Magothy River
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 72

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage - Side Entry, Garage Door Opener, Oversized
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • Elementary School: FOLGER MCKINSEY
  • Middle School: SEVERNA PARK
  • High School: SEVERNA PARK
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121140671932
  • School District Source: 3rd Party
  • Elementary School: FOLGER MCKINSEY
  • High School: SEVERNA PARK
  • Middle Or Junior School: SEVERNA PARK

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Vinyl
  • Improvement Assessed Value: 451400.00
  • Land Assessed Value: 623600.00
  • Land Use Code: R
  • Lot Features: Bulkheaded, Rip-Rapped
  • Lot Size Acres: 0.37
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16117.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2022
  • Zoning: R
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15234954
  • Tax Annual Amount: 10852.00
  • Assessor Parcel Number: 020352090052230
  • Tax Lot: 33R
  • Tax Total Finished Sq Ft: 3529
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/20/2022

Multi Family

  • Mean Low Water Feet: 8
  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2025
Sold by
Brager Myles and Brager Rosemarie
Bought by
Myles Brager Family Trust and Rosemarie Brager Trust
Current Estimated Value
$1,731,714

Purchase Details

Listed on
Sep 2, 2022
Closed on
Oct 20, 2022
Sold by
Jerry And Kris Chappell Revocable Trust
Bought by
Brager Myles and Brager Rosemarie
Seller's Agent
Tricia Bell
Coldwell Banker Realty
Buyer's Agent
Pamela Ackermann-Doll
RE/MAX Executive
List Price
$1,650,000
Sold Price
$1,650,000
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.11%

Purchase Details

Closed on
Aug 8, 2014
Sold by
Chappell Gerard N and Chappell Kristin
Bought by
Chappell Gerard N and Chappell Kristin

Purchase Details

Listed on
Feb 2, 2012
Closed on
Jun 28, 2012
Sold by
Coale Joan Ann and Coale William
Bought by
Chappell Gerard N and Chappell Kristin
Seller's Agent
Tricia Bell
Coldwell Banker Realty
Buyer's Agent
Celeste Blessin
Coldwell Banker Realty
List Price
$1,200,000
Sold Price
$1,020,000
Premium/Discount to List
-$180,000
-15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%
Original Mortgage
$850,000
Interest Rate
3.76%
Mortgage Type
VA

Purchase Details

Closed on
May 14, 2008
Sold by
Coale Joan A
Bought by
Coale Joan A and Coale William

Purchase Details

Closed on
Apr 30, 2008
Sold by
Coale Joan A
Bought by
Coale Joan A and Coale William

Purchase Details

Closed on
Apr 1, 2003
Sold by
Fearnow Frederick R
Bought by
Coale Joan A
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
Myles Brager Family Trust -- None Listed On Document
Brager Myles $1,650,000 Old Republic National Title
Chappell Gerard N -- Attorney
Chappell Gerard N $1,020,000 Title Resources Guaranty Co
Coale Joan A -- --
Coale Joan A -- --
Coale Joan A $840,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brager Myles $1,237,500
Previous Owner Chappell Gerard N $822,982
Previous Owner Chappell Gerard N $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Sold $1,650,000 0.0% $468 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
09/02/2022 09/02/22 For Sale $1,650,000 +61.8% $468 / Sq Ft
06/28/2012 06/28/12 Sold $1,020,000 -7.3% $287 / Sq Ft
05/20/2012 05/20/12 Pending -- -- --
05/02/2012 05/02/12 Price Changed $1,100,000 -8.3% $309 / Sq Ft
02/02/2012 02/02/12 For Sale $1,200,000 -- $337 / 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
2024 $12,344 $1,075,000 $623,600 $451,400
2023 $11,875 $1,040,433 $0 $0
2022 $10,840 $1,005,867 $0 $0
2021 $16,241 $971,300 $593,600 $377,700
2020 $10,415 $954,867 $0 $0
2019 $10,253 $938,433 $0 $0
2018 $120 $922,000 $541,400 $380,600
2017 $9,708 $911,233 $0 $0
2016 $120 $900,467 $0 $0
2015 $120 $889,700 $0 $0
2014 -- $889,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA2043590

Bright MLS

APN: 03-520-90052230