NOT LISTED FOR SALE

473 Fairoak Dr Severna Park, MD 21146

Estimated Value: $1,048,000 - $1,281,000

4 Beds
3 Baths
2,986 Sq Ft
$389/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $1,099,900 $368 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,817/month

Highlights

  • Home fronts navigable water
  • Canoe or Kayak Water Access
  • Bay View
  • Folger McKinsey Elementary at Chesapeake Bay Middle School Rated A-
  • Fishing Allowed
  • Eat-In Gourmet Kitchen

About This Home

As of February 2024

Fair Oaks On the Magothy! Beautiful home on a large private lot in the Community. Steps from both the Fair Oaks Community Beach as well as the Neighborhood's Pool, Playground, Sports Court & Pavilion. This is a large Ranch style home with updates throughout plus a bonus room addition! Updates include a remodeled kitchen, recently replaced HVAC, Water Heater, Roof, siding and a whole house generator. Enjoy watching the boats and wildlife go by from the rear Composite deck as this property has Beautiful views of Cattail Creek!

Last Agent to Sell the Property

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office Listed on: 03/01/2024

Last Buyer's Agent

Steve Murphy

(410) 404-4393 steven.murphy@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,499

Year Built

  • Built in 1968

Lot Details

  • 0.64 Acre Lot
  • Home fronts navigable water
  • Sprinkler System
  • Property is zoned R5

Parking

  • 2 Car Direct Access Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Property Views

  • Bay
  • River

Home Design

  • Rambler Architecture
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • Property has 2 Levels
  • Bar
  • 2 Fireplaces
  • Double Sided Fireplace
  • Wood Burning Fireplace
  • Fireplace With Glass Doors
  • Brick Fireplace
  • Gas Fireplace
  • Family Room Off Kitchen
  • Formal Dining Room
  • Den
  • Recreation Room
  • Flood Lights
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Soaking Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Water Proofing System
  • Drainage System
  • Sump Pump
  • Basement with some natural light

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Personal Watercraft
  • Waterski or Wakeboard
  • Swimming Allowed
  • Powered Boats Permitted
  • Exterior Lighting
  • Rain Gutters

Schools

  • Folger Mckinsey Elementary School
  • Severna Park Middle School
  • Severna Park High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 60 Gallon+ Water Heater

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 020326314301613

Community Details

Overview

  • No Home Owners Association
  • Fair Oaks On The Magothy Subdivision

Recreation

  • 8 Community Docks
  • Lap or Exercise Community Pool
  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,499

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Federal Flood Zone: No
  • Year Built: 1968
  • Remarks Public: Fair Oaks On the Magothy! Beautiful home on a large private lot in the Community. Steps from both the Fair Oaks Community Beach as well as the Neighborhood's Pool, Playground, Sports Court & Pavilion. This is a large Ranch style home with updates throughout plus a bonus room addition! Updates include a remodeled kitchen, recently replaced HVAC, Water Heater, Roof, siding and a whole house generator. Enjoy watching the boats and wildlife go by from the rear Composite deck as this property has Beautiful views of Cattail Creek!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Icemaker, Oven - Wall, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Attic, Bar, Carpet, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Soaking Tub, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplace Features: Brick, Double Sided, Wood, Fireplace - Glass Doors, Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Office, Recreation Room
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Partial, Drainage System, Improved, Interior Access, Partially Finished, Sump Pump, Water Proofing System
  • Laundry Type: Main Floor
  • Total Sq Ft: 5972
  • Living Area Sq Ft: 2986
  • Price Per Sq Ft: 368.35
  • Above Grade Finished Sq Ft: 2986
  • Below Grade Sq Ft: 2986
  • Total Below Grade Sq Ft: 2986
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 473

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting, Flood Lights, Gutter System, Lawn Sprinkler
  • Roof: Architectural Shingle
  • View: River, Bay
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Swimming Allowed, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: Cattail Creek
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Concrete, Fenced, Filtered, In Ground, Lap/Exercise

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • Elementary School: FOLGER MCKINSEY
  • Middle School: SEVERNA PARK
  • High School: SEVERNA PARK
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140671932
  • School District Source: Listing Agent
  • Elementary School: FOLGER MCKINSEY
  • High School: SEVERNA PARK
  • Middle Or Junior School: SEVERNA PARK

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: R
  • Lot Size Acres: 0.64
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 28063.00
  • Year Assessed: 2023
  • Zoning: R5
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8499.00
  • Assessor Parcel Number: 020326314301613
  • Tax Lot: 40
  • Tax Total Finished Sq Ft: 2986
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 02/29/2024

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Feb 29, 2024
Sold by
Henry Logan Holtgrewe Revocable Trust and Virginia L Holtgrewe Revocable Trust
Bought by
Hoffman Jonathan L and Strumpf Ariel Elizabeth
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Steve Murphy
Berkshire Hathaway HomeServices PenFed Realty
List Price
$1,099,900
Sold Price
$1,099,900
Current Estimated Value
$1,161,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,591
Avg. Annual Appreciation
3.34%
Original Mortgage
$934,915
Outstanding Balance
$919,394
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$242,097

Purchase Details

Closed on
Feb 7, 2018
Sold by
Holtgrewe Henry Logan and Holtgrewe Virginia L
Bought by
Holtgrewe Henry Logan and Holtgrewe Virginia L
Source: Public Records

Range of Values:

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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
Hoffman Jonathan L $1,099,900 Stewart Title
Holtgrewe Henry Logan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffman Jonathan L $934,915
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2024 03/01/24 For Sale $1,099,900 0.0% $368 / Sq Ft
02/29/2024 02/29/24 Sold $1,099,900 -- $368 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
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 $8,704 $853,633 -- --
2024 $8,704 $749,000 $370,000 $379,000
2023 $6,352 $743,533 $0 $0
2022 $5,967 $738,067 $0 $0
2021 $11,736 $732,600 $370,000 $362,600
2020 $5,712 $708,200 $0 $0
2019 $11,201 $683,800 $0 $0
2018 $6,686 $659,400 $328,000 $331,400
2017 $5,260 $651,867 $0 $0
2016 -- $644,333 $0 $0
2015 -- $636,800 $0 $0
2014 -- $618,633 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA2079036

Bright MLS

APN: 03-263-14301613