Seller's Agent in 2020
Branden Schroeder
GybeSet Homes
(443) 995-7931
2 in this area
45 Total Sales
46 Farragut Rd Annapolis, MD 21403
Estimated Value: $2,153,787 - $2,326,000
0.42
Acre
$5,314,117
Price per Acre
18,295
Sq Ft Lot
Highlights
- Marina
- Lake Privileges
- Baseball Field
- Boat Ramp
- Community Pool
- Community Center
About This Lot
As of April 2020Beautiful ready-to-build lot in the highly-sought water-privileged community of Bay Ridge in Annapolis. Fully-approved permits are in-hand for construction of a 5 bedroom, 3 bathroom home with over 3,200 sq.ft. above-grade living space with a main floor en suite bedroom plus a 1,550 sq.ft. basement. (Existing 1940s house to be razed.) Full architectural and engineering plans showing a proposed floorpan, decks, porches, and landscaping are available upon request. The homesite is a wonderful, corner lot adjoining wooded conservation lands that can never be built upon, providing privacy and wildlife enjoyment in perpetuity. The Bay Ridge Community offers residents exclusive use of slips/moorings in a protected deep water marina, boat ramps, swimming pool club membership, private sandy beaches on the Chesapeake Bay, clubhouse usage and more. The property is separately listed with a permit-ready proposed house package for $995,000 (MLS#: MDAA424060). New construction financing is available that requires only a 5% Down Payment.
Last Agent to Sell the Property
(443) 995-7931 branden@gybesethomes.com GybeSet Homes License #593751 Listed on: 02/04/2020
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,789
Lot Details
- 0.42 Acre Lot
- Property is zoned R2
HOA Fees
- $13 Monthly HOA Fees
Utilities
- Well
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 020204704053750
Community Details
Overview
- Association fees include common area maintenance
- Bay Ridge Civic Association
- Bay Ridge Subdivision
Amenities
- Community Center
Recreation
- Boat Ramp
- Boat Dock
- Pier or Dock
- Mooring Area
- Marina
- Baseball Field
- Community Pool
- Pool Membership Available
- Lake Privileges
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 4, 2020
Closed on
Apr 2, 2020
Sold by
Gybeset Investments Llc
Bought by
Lefler Frank E and Lefler Jennifer Tekippe
Seller's Agent
Branden Schroeder
GybeSet Homes
Buyer's Agent
Pamela Tierney
Coldwell Banker Realty
List Price
$495,000
Sold Price
$440,000
Premium/Discount to List
-$55,000
-11.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,791,929
Avg. Annual Appreciation
33.16%
Original Mortgage
$719,950
Interest Rate
3.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 3, 2019
Sold by
Ashley David C
Bought by
Gybeset Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,450
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 1, 1986
Sold by
Mcdonough Terence P
Bought by
Ashley David C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,382
Interest Rate
10.4%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lefler Frank E | $440,000 | Sage Title Group Llc | |
| Gybeset Investments Llc | $317,000 | Capitol Title Insurance Agcy | |
| Ashley David C | $94,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lefler Frank E | $719,950 | |
| Previous Owner | Gybeset Investments Llc | $269,450 | |
| Previous Owner | Ashley David C | $92,382 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/02/2020 04/02/20 | Sold | $440,000 | -11.1% | $273 / Sq Ft |
| 02/04/2020 02/04/20 | For Sale | $495,000 | -- | $308 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $15,616 | $1,577,067 | -- | -- |
| 2024 | $15,616 | $1,436,433 | $0 | $0 |
| 2023 | $15,013 | $1,295,800 | $645,100 | $650,700 |
| 2022 | $14,092 | $1,242,233 | $0 | $0 |
| 2021 | $20,016 | $1,188,667 | $0 | $0 |
| 2020 | $6,784 | $538,300 | $495,100 | $43,200 |
| 2019 | $6,621 | $524,467 | $0 | $0 |
| 2018 | $5,178 | $510,633 | $0 | $0 |
| 2017 | $6,258 | $496,800 | $0 | $0 |
| 2016 | -- | $496,767 | $0 | $0 |
| 2015 | -- | $496,733 | $0 | $0 |
| 2014 | -- | $496,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Branden Schroeder
-
Pamela Tierney
Buyer's Agent in 2020
Pamela Tierney
Coldwell Banker (NRT-Southeast-MidAtlantic)
(443) 822-9079
18 in this area
89 Total Sales
Map
Source: Bright MLS
MLS Number: MDAA424586
APN: 02-047-04053750
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