NOT LISTED FOR SALE

428 Schoolers Pond Way Arnold, MD 21012

Estimated Value: $1,724,000 - $1,785,000

4 Beds
3.5 Baths
3,237 Sq Ft
$544/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $1,600,004 $494 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,339/month

115 Days on Market

Highlights

  • 84 Feet of Waterfront
  • 2 Dock Slips
  • Fishing Allowed
  • Severn River Middle School Rated 9+
  • Pier
  • Gourmet Kitchen

About This Home

As of February 2024

Savor the sensational panoramic Magothy River views from this contemporary home! This 4 bedroom, 3.5 bath home in Arnold checks all the boxes for a coveted waterfront family home; private pier, public water and sewer, natural gas plus a great school district and captivating water views down the Magothy River. Gorgeous inside and out, the fenced gardens that wrap around to the waterside of the home has lush landscaping and is great for pets and kids. Relax on one of the many exterior entertaining areas, including the screened porch, rear deck and the dock to enjoy the parade of boats and the ever changing scenery. Over 3,200 sqft of living space with newly remodeled custom-built kitchen featuring tons of natural light, high-end appliances and stunning countertops, adjacent seating area, dining area and spacious living room all with captivating views of the water. The Primary bedroom ensuite features a private balcony, double closet, luxury spa-like bath and soaking tub that has one of the best views in the house. In addition to the 3 other bedrooms and 2 baths you will delight in the loft area overlooking the kitchen and the bonus room that is a great flex space for a family room, playroom, gym or anything you can dream up! The private pier with boat lift stretches out into the Magothy River with easy access out to the Chesapeake Bay and beyond, pleasing everyone from the novice to the experience boater. Located in the Blue-Ribbon Broadneck School district and just 5 miles to downtown Annapolis and Severna Park. Convenient to Baltimore, BWI, Ft. Meade/NSA and Washington, DC. You literally have the best this region has to offer in a 30-mile radius. Welcome Home!

Last Agent to Sell the Property

Brad Kappel

(410) 279-9476 brad.kappel@sothebysrealty.com TTR Sotheby's International Realty Listed on: 09/15/2023

TTR Sotheby's International Realty

Last Buyer's Agent

Sandra K. Libby

(410) 647-8305 sandra@sandraklibby.com Long & Foster Real Estate, Inc. License #28240

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,460

Year Built

  • Built in 1930 | Remodeled in 2000

Lot Details

  • 0.54 Acre Lot
  • 84 Feet of Waterfront
  • Home fronts navigable water
  • Property is Fully Fenced
  • Wood Fence
  • Landscaped
  • Extensive Hardscape
  • No Through Street
  • Private Lot
  • Premium Lot
  • Level Lot
  • Back and Front Yard
  • Property is in very good condition
  • Property is zoned R5

Parking

  • 2 Car Direct Access Garage
  • 4 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener

Property Views

  • River
  • Panoramic
  • Scenic Vista
  • Creek or Stream
  • Garden

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Wood Siding

Interior Spaces

  • 3,237 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Window Treatments
  • Transom Windows
  • Family Room Off Kitchen
  • Dining Area
  • Attic

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Six Burner Stove
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Pier
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • River Nearby
  • Personal Watercraft
  • Waterski or Wakeboard
  • Sail
  • Swimming Allowed
  • Electric Hoist or Boat Lift
  • 2 Dock Slips
  • Physical Dock Slip Conveys
  • Powered Boats Permitted
  • Balcony
  • Deck
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Shed

Schools

  • Belvedere Elementary School
  • Severn River Middle School
  • Broadneck High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Programmable Thermostat
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 020300003220000

Community Details

Overview

  • No Home Owners Association
  • Schoolers Pond Subdivision, Magothy River Waterfront Floorplan

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,460

Year Built

Built in 1930 | Remodeled in 2000

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Ownership: Fee Simple
  • Inclusions: See Residential Property Information under Inclusions/Exclusions
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2023-09-15
  • Year Built: 1930
  • Year Renovated: 2000
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Range Hood, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Hardwood, Ceramic Tile, Carpet
  • Interior Amenities: Attic, Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Floor Plan - Open, Family Room Off Kitchen, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Skylight(s), Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors
  • Window Features: Transom
  • Wall Ceiling Types: Cathedral Ceilings
  • Foundation Details: Other
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3237
  • Living Area Sq Ft: 3237
  • Price Per Sq Ft: 492.74
  • Above Grade Finished Sq Ft: 3237
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Wood Siding
  • Exterior Features: Extensive Hardscape, Exterior Lighting
  • View: Creek/Stream, Garden/Lawn, Panoramic, River, Scenic Vista, Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Sail, Swimming Allowed, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: Magothy River
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 84

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage - Front Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Programmable Thermostat, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Programmable Thermostat, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Internet Services: Fiber Optic

Condo/Co-op/Association

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

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: BELVEDERE
  • High School: BROADNECK
  • Middle Or Junior School: SEVERN RIVER

Lot Info

  • Fencing: Fully, Wood
  • Lot Features: Front Yard, Landscaping, Level, No Thru Street, Premium, Private, Rear Yard
  • Lot Size Acres: 0.54
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23655.00
  • Outdoor Living Structures: Balcony, Deck(s), Enclosed, Screened, Porch(es)
  • Property Condition: Very Good
  • Zoning: R5
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 12460.00
  • Assessor Parcel Number: 020300003220000
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

Multi Family

  • 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
Sep 15, 2023
Closed on
Feb 16, 2024
Sold by
Grubb Thomas J and Grubb Colleen M
Bought by
Walko Leslie and Walko Kevin
Seller's Agent
Brad Kappel
TTR Sotheby's International Realty
Buyer's Agent
Sandra K. Libby
Long & Foster Real Estate, Inc.
List Price
$1,595,000
Sold Price
$1,600,004
Premium/Discount to List
$5,004
0.31%
Views
261
Current Estimated Value
$1,760,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,207
Avg. Annual Appreciation
5.54%
Original Mortgage
$772,541
Outstanding Balance
$759,016
Interest Rate
6.66%
Mortgage Type
Construction
Estimated Equity
$1,001,195

Purchase Details

Closed on
Jun 13, 2006
Sold by
Loup Francois
Bought by
Grubb Thomas J and Grubb Colleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 1993
Sold by
Parke John G
Bought by
Carroll Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
7.47%
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
Walko Leslie $1,600,004 Eagle Title
Walko Leslie $1,600,004 Eagle Title
Grubb Thomas J $1,150,000 --
Carroll Michael P $332,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walko Leslie $772,541
Closed Walko Leslie $772,541
Previous Owner Grubb Thomas J $115,000
Previous Owner Grubb Thomas J $920,000
Previous Owner Carroll Michael P $203,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2024 02/16/24 Sold $1,600,004 +0.3% $494 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
01/04/2024 01/04/24 Price Changed $1,595,000 0.0% $493 / Sq Ft
01/04/2024 01/04/24 For Sale $1,595,000 -0.3% $493 / Sq Ft
12/17/2023 12/17/23 Off Market $1,600,004 -- --
10/20/2023 10/20/23 Price Changed $1,675,000 -4.3% $517 / Sq Ft
09/15/2023 09/15/23 For Sale $1,750,000 -- $541 / 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 $12,847 $1,281,933 -- --
2024 $12,847 $1,127,400 $766,400 $361,000
2023 $11,367 $1,106,267 $0 $0
2022 $10,657 $1,085,133 $0 $0
2021 $20,913 $1,064,000 $735,100 $328,900
2020 $10,249 $1,064,000 $735,100 $328,900
2019 $10,088 $1,064,000 $735,100 $328,900
2018 $10,821 $1,067,200 $735,100 $332,100
2017 $9,428 $991,733 $0 $0
2016 -- $916,267 $0 $0
2015 -- $840,800 $0 $0
2014 -- $840,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA2067698

Bright MLS

APN: 03-000-03220000