NOT LISTED FOR SALE

402 Lakeview Ave Edgewater, MD 21037

Estimated Value: $373,000 - $436,997

2 Beds
1 Bath
1,194 Sq Ft
$349/Sq Ft Est. Value

Last Sold November 14, 2016

Last sale price $265,000 $222 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,474/month

108 Days on Market

Highlights

  • Boat Ramp
  • 5 Dock Slips
  • Boat or Launch Ramp
  • Central Middle School Rated A-
  • Water Views
  • Home fronts navigable water

About This Home

As of November 2016

This waterview Cottage, c.1940 retains the original elements of the era, along with quality improvements including a meticulously renovated new Bath and Utility Room, charming renovated Kitchen, newer architectural-grade roof and sun-drenched Day Porch addition... all improvements blend seamlessly with the 1940s style. Glistening water views. Property conveys "As-is"

Last Agent to Sell the Property

Catherine Cusack

(410) 703-4907 ccusack@cbmove.com Coldwell Banker Realty Listed on: 06/18/2016

Coldwell Banker Realty

Last Buyer's Agent

Ginna Quinn

(443) 994-1467 gquinn@cbmove.com Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,562

Year Built

  • Built in 1940

Lot Details

  • 7,000 Sq Ft Lot
  • Home fronts navigable water
  • Sandy Beach
  • Creek or Stream
  • Property is zoned R5

Parking

  • Off-Street Parking

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 1,194 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • 1 Fireplace
  • Family Room Off Kitchen
  • Open Floorplan
  • Water Views

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Water Access
  • Boat or Launch Ramp
  • Boat Ramp
  • 5 Dock Slips
  • Physical Dock Slip Conveys
  • 6 Powered Boats Permitted
  • 6 Non-Powered Boats Permitted

Location

  • Property is near a creek

Schools

  • Mayo Elementary School
  • Central Middle School
  • South River High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 020104603382400

Community Details

Overview

  • No Home Owners Association
  • Beverley Beach Subdivision

Recreation

  • Boat Ramp
  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,562

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2016-06-19
  • Year Built: 1940
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Combination Kitchen/Dining, Kitchen - Island, Kitchen - Table Space, Combination Dining/Living, Kitchen - Eat-In, Breakfast Area, Family Room Off Kitchen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1194
  • Living Area Sq Ft: 1194
  • Price Per Sq Ft: 221.86
  • Above Grade Finished Sq Ft: 1194
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Dock Type: Ramp
  • Pool Private: No
  • View: Water
  • View: Yes
  • Water Access: Yes
  • Water Body Name: CADLE CREEK
  • Water Body Type: Creek/Stream
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Cooling: Yes
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pier/Dock, Boat Ramp
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School: MAYO
  • High School: SOUTH RIVER
  • Middle Or Junior School: CENTRAL

Lot Info

  • Improvement Assessed Value: 68500.00
  • Land Assessed Value: 150200.00
  • Lot Size Acres: 0.16
  • Lot Size Area: 7000
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7000.00
  • Property Attached Yn: No
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15156453
  • Tax Annual Amount: 2561.55
  • Assessor Parcel Number: 020104603382400
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

Multi Family

  • Dock Slip Conveyance: First Come - First Served
  • Waterfront Features: Boat/Launch Ramp, Sandy Beach, 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
Jul 23, 2021
Sold by
Boutin Matthew and Boutin Megan
Bought by
Boutin Matthew and Boutin Megan
Current Estimated Value
$416,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,690
Outstanding Balance
$228,237
Interest Rate
2.93%
Mortgage Type
FHA
Estimated Equity
$188,512

Purchase Details

Listed on
Jun 18, 2016
Closed on
Nov 14, 2016
Sold by
Owings Deborah A
Bought by
Boutin Matthew and Asper Megan
Seller's Agent
Catherine Cusack
Coldwell Banker Realty
Buyer's Agent
Ginna Quinn
Coldwell Banker Realty
List Price
$264,900
Sold Price
$265,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%
Original Mortgage
$260,200
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 4, 1992
Sold by
Buscher Malvern J
Bought by
Donohoe Karen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,412
Interest Rate
8.05%

Purchase Details

Closed on
Jan 21, 1988
Sold by
Harris Charles W
Bought by
Buscher Malvern J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,050
Interest Rate
10.53%
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
Boutin Matthew -- Advantage Title Company
Boutin Matthew $265,000 None Available
Donohoe Karen T $101,000 --
Buscher Malvern J $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boutin Matthew $272,690
Closed Boutin Matthew $260,200
Previous Owner Donohoe Karen T $101,412
Previous Owner Buscher Malvern J $72,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2016 11/14/16 Sold $265,000 0.0% $222 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $264,900 0.0% $222 / Sq Ft
08/31/2016 08/31/16 Off Market $265,000 -- --
07/07/2016 07/07/16 Price Changed $264,900 -11.7% $222 / Sq Ft
06/22/2016 06/22/16 Price Changed $299,900 -11.8% $251 / Sq Ft
06/18/2016 06/18/16 For Sale $339,900 -- $285 / 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 $3,358 $317,600 -- --
2024 $3,358 $300,500 $0 $0
2023 $3,255 $283,400 $201,700 $81,700
2022 $3,041 $275,333 $0 $0
2021 $2,895 $267,267 $0 $0
2020 $2,895 $259,200 $181,700 $77,500
2019 $2,890 $245,700 $0 $0
2018 $2,355 $232,200 $0 $0
2017 $2,712 $218,700 $0 $0
2016 -- $218,700 $0 $0
2015 -- $218,700 $0 $0
2014 -- $221,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001625921

Bright MLS

APN: 01-046-03382400