NOT LISTED FOR SALE

40298 Festoon Ln Mechanicsville, MD 20659

Estimated Value: $666,430 - $723,000

5 Beds
3.5 Baths
-- Sq Ft
1.32 Acres

Last Sold November 12, 2021

Last sale price $569,152

Est. 24% increase in value since last sale

Current estimated payment $4,266/month

Highlights

  • New Construction
  • Colonial Architecture
  • Wood Flooring
  • View of Trees or Woods
  • Recreation Room
  • Mud Room

About This Home

As of November 2021

Laurel Preserve will be finished with the completion of this beautiful Lancaster home style. 5 bedrooms, 3.5 baths. 4 bedrooms on the upper level and a 5th in the basement. Bright white kitchen cabinets with an accent color island and stainless steel appliances. Simply Beautiful.
No showings

Last Agent to Sell the Property

Rita Ilg

(301) 785-2550 ilg2550@gmail.com Long & Foster Real Estate, Inc. Listed on: 11/09/2021

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Jack O'Steen

(301) 643-7395 remaxjack11@gmail.com RE/MAX United Real Estate License #0225238746

RE/MAX United Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $657

Lot Details

  • 1.32 Acre Lot
  • Property is in excellent condition

HOA Fees

  • $23 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • New Construction
  • Colonial Architecture
  • Poured Concrete
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation
  • Stick Built Home
  • CPVC or PVC Pipes
  • Tile

Interior Spaces

  • Property has 3 Levels
  • Ceiling height of 9 feet or more
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Breakfast Room
  • Dining Room
  • Den
  • Recreation Room
  • Views of Woods
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Partially Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Rear Basement Entry

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Schools

  • Margaret Brent Middle School
  • Chopticon High School

Utilities

  • 90% Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Back Up Gas Heat Pump System
  • Heating System Powered By Leased Propane
  • Programmable Thermostat
  • Propane
  • Tankless Water Heater
  • Grinder Pump
  • Gravity Septic Field
  • Septic Tank

Community Details

  • Built by QualityBuilt Homes
  • Laurel Preserve Subdivision, Lancaster Floorplan

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 1906178905

Home Details

Home Type

Single Family

Est. Annual Taxes

$657

Lot Details

0

HOA Fees

$23 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Automatically Close On Close Date: No
  • Remarks Public: Laurel Preserve will be finished with the completion of this beautiful Lancaster home style. 5 bedrooms, 3.5 baths. 4 bedrooms on the upper level and a 5th in the basement. Bright white kitchen cabinets with an accent color island and stainless steel appliances. Simply Beautiful. No showings
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Wood
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Foyer, Breakfast Room, Laundry, Mud Room, Office, Recreation Room, Bathroom 2, Bathroom 3, Primary Bathroom, Half Bath
  • Basement: Yes
  • Basement Type: Connecting Stairway, Heated, Improved, Outside Entrance, Partially Finished, Poured Concrete, Rear Entrance, Walkout Level
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40298

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Cpvc/Pvc, Stick Built, Tile
  • Construction Completed: No
  • Roof: Architectural Shingle
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Energy Star Cooling System, Central A/C, Heat Pump(s), Programmable Thermostat, Zoned
  • Heating Fuel: Electric, Propane - Leased
  • Heating Type: Central, 90% Forced Air, Energy Star Heating System, Heat Pump - Gas Backup, Heat Pump(s), Programmable Thermostat, Zoned
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Grinder Pump, Gravity Sept Fld, Private Septic Tank
  • Utilities: Propane
  • Water Source: Private
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 275.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: ST. MARY'S COUNTY PUBLIC SCHOOLS
  • Middle School: MARGARET BRENT
  • High School: CHOPTICON
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138839208
  • School District Source: Listing Agent
  • High School: CHOPTICON
  • Middle Or Junior School: MARGARET BRENT

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 96600.00
  • Land Use Code: 010
  • Lot Size Acres: 1.32
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 57499.00
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: RESI
  • In City Limits: No

Building Info

  • Builder Name: QualityBuilt Homes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15035067
  • Tax Annual Amount: 657.00
  • Assessor Parcel Number: 1906178905
  • Tax Lot: 11
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/12/2021

MLS Schools

  • School District Name: ST. MARY'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Oct 21, 2021
Sold by
St Marys Venture Llc
Bought by
Schulz Steven Kyle and Schulz Kristen Lauren
Seller's Agent
Rita Ilg
Long & Foster Real Estate, Inc.
Buyer's Agent
Jack O'Steen
RE/MAX United Real Estate
List Price
$569,152
Sold Price
$569,152
Current Estimated Value
$706,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,456
Avg. Annual Appreciation
5.67%
Original Mortgage
$512,274
Outstanding Balance
$469,085
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$237,523
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
Schulz Steven Kyle $569,194 Maryland Trust T&E Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schulz Steven Kyle $512,274
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2021 11/12/21 Sold $569,152 0.0% --
11/09/2021 11/09/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $569,152 -- --
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 $5,966 $550,700 $115,600 $435,100
2024 $5,966 $550,700 $115,600 $435,100
2023 $5,964 $550,700 $115,600 $435,100
2022 $5,899 $551,000 $121,600 $429,400
2021 $827 $79,400 $0 $0
2020 $648 $62,200 $0 $0
2019 $469 $45,000 $45,000 $0
2018 $469 $45,000 $45,000 $0
2017 $469 $45,000 $0 $0
2016 -- $45,000 $0 $0
2015 -- $45,000 $0 $0
2014 -- $45,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDSM2002202

Bright MLS

APN: 06-178905