NOT LISTED FOR SALE

398 Fairlea Dr Edgewater, MD 21037

Estimated Value: $994,000 - $1,288,587

4 Beds
2.5 Baths
2,025 Sq Ft
$567/Sq Ft Est. Value

Last Sold July 26, 2017

Last sale price $750,000 $370 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $6,775/month

31 Days on Market

Highlights

  • 42 Feet of Waterfront
  • 3 Dock Slips
  • 0.42 Acre Lot
  • South River High School Rated A
  • Pier
  • Open Floorplan

About This Home

As of July 2017

Completely remodeled home with an amazing views and large private pier! 4 bedrooms, 3 baths, with 2-car garage! Large great room with Brazilian cherry wood floors, window walls for great views of water, and gazebo. Wrap-around composite deck, cherry cabinets, granite counters, plush carpet. Basement is finished and is ready to become rec room. Roof and siding replace 2016. Must see home!

Last Agent to Sell the Property

SHANE SWARTZ

(410) 266-0600 annapoliswest@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty Listed on: 05/31/2017

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Christine Schumaker

(866) 987-3937 info@douglasrealty.com Douglas Realty LLC License #323797

Douglas Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,149

Year Built

  • Built in 1982 | Remodeled in 2016

Lot Details

  • 0.42 Acre Lot
  • 42 Feet of Waterfront
  • Home fronts navigable water
  • Property is in very good condition
  • Property is zoned R5

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Crown Molding
  • 1 Fireplace
  • Water Views
  • Finished Basement
  • Exterior Basement Entry
  • Home Security System
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • En-Suite Bathroom

Outdoor Features

  • Pier
  • Water Access
  • Property near a bay
  • 3 Dock Slips
  • Physical Dock Slip Conveys
  • 3 Powered Boats Permitted
  • 3 Non-Powered Boats Permitted
  • Patio
  • Gazebo
  • Shed

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Pine Whiff Beach Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot C
  • Assessor Parcel Number 020162490022844

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,149

Year Built

Built in 1982 | Remodeled in 2016

Lot Details

0.42 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1982
  • Year Renovated: 2016
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Energy Star Dishwasher, Energy Star Refrigerator, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Interior Amenities: Combination Kitchen/Dining, Combination Kitchen/Living, Primary Bath(s), Upgraded Countertops, Crown Moldings, Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Outside Entrance, Fully Finished
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures List: Gazebo, Shed
  • Construction Materials: Fiber Cement
  • Dock Type: Pier (Perpendicular)
  • Construction Completed: No
  • Roof: Shingle
  • View: Water
  • Water Access: Yes
  • Water Body Name: ALMSHOUSE CREEK
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 42

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage
  • Parking Space Number Assigned: 4
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Attached Garage

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

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

Green Features

  • Green Verification: No
  • Green Water Conservation: Low-Flow Fixtures

Lot Info

  • Improvement Assessed Value: 188300.00
  • Land Assessed Value: 478800.00
  • Lot Size Acres: 0.42
  • Lot Size Area: 18340
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18340.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15159863
  • Tax Annual Amount: 7149.12
  • Assessor Parcel Number: 020162490022844
  • Tax Lot: C
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

Multi Family

  • Dock Slip Conveyance: Assigned
  • 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

Listed on
May 31, 2017
Closed on
Jul 21, 2017
Sold by
Cinicola John and Cinicola Nanette L
Bought by
Schwartz Steven D and Schwartz Sharon M
Seller's Agent
SHANE SWARTZ
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Christine Schumaker
Douglas Realty LLC
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%
Current Estimated Value
$1,148,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,147
Avg. Annual Appreciation
5.10%
Original Mortgage
$417,000
Outstanding Balance
$346,552
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$801,595

Purchase Details

Closed on
May 5, 1999
Sold by
Nash Beverly S
Bought by
Cinicola John C and Cinicola Nanette L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schwartz Steven D $750,000 Liberty Title & Escrow
Cinicola John C $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwartz Steven D $417,000
Closed Cinicola John C --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2017 07/26/17 Sold $750,000 -3.2% $370 / Sq Ft
07/01/2017 07/01/17 Pending -- -- --
05/31/2017 05/31/17 For Sale $775,000 -- $383 / Sq Ft
Source: Bright MLS

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 $10,317 $1,066,067 -- --
2024 $10,317 $1,058,633 $0 $0
2023 $10,085 $1,051,200 $796,900 $254,300
2022 $9,390 $971,133 $0 $0
2020 $8,870 $811,000 $596,900 $214,100
2019 $8,376 $763,033 $0 $0
2018 $7,251 $715,067 $0 $0
2017 $7,181 $667,100 $0 $0
2016 -- $667,100 $0 $0
2015 -- $667,100 $0 $0
2014 -- $667,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002362682

Bright MLS

APN: 01-624-90022844

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