NOT LISTED FOR SALE

481 Lake Dr Lusby, MD 20657

Estimated Value: $388,000 - $441,000

3 Beds
2.5 Baths
2,387 Sq Ft
$169/Sq Ft Est. Value

Last Sold June 20, 2017

Last sale price $250,000 $105 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,488/month

32 Days on Market

Highlights

  • Boat Ramp
  • Boat or Launch Ramp
  • Private Water Access
  • Beach
  • Home fronts navigable water
  • Cape Cod Architecture

About This Home

As of June 2017

Beautiful 3 Level Cape Cod in a cozy water community. Home has beautiful wood floors on the main and upper levels, Great deck and patio in the back for entertaining and BBQ's, fully fenced back yard, finished basement with wood stove, outside entrance to workshop/storage room, 3 large bedrooms, separate laundry room/mud room, deck roof and windows replaced in 2014, just a short walk to the water.

Last Agent to Sell the Property

Albert Hepp

BuySelf Incorporated Listed on: 03/13/2017

Last Buyer's Agent

Jeanette Silor

Homesource United

Homesource United

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,200

Year Built

  • Built in 1988

Lot Details

  • 9,975 Sq Ft Lot
  • Home fronts navigable water
  • Back Yard Fenced
  • Chain Link Fence

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Cape Cod Architecture
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,387 Sq Ft Home
  • Property has 3 Levels
  • Flue
  • Low Emissivity Windows
  • Insulated Windows
  • Window Treatments
  • French Doors
  • Mud Room
  • Family Room
  • Living Room
  • Dining Room
  • Workshop
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Country Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Rear Basement Entry
  • Basement Windows

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Driveway

Outdoor Features

  • Private Water Access
  • Property near a bay
  • Boat or Launch Ramp
  • Boat Ramp
  • Deck
  • Patio

Schools

  • Dowell Elementary School
  • Mill Creek Middle School
  • Patuxent High School

Utilities

  • Central Air
  • Heat Pump System
  • Underground Utilities
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 12A
  • Assessor Parcel Number 0501074423

Community Details

Overview

  • Drum Point Community
  • Drum Point Subdivision

Recreation

  • Boat Ramp
  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,200

Year Built

Built in 1988

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1988
  • Remarks Public: Beautiful 3 Level Cape Cod in a cozy water community. Home has beautiful wood floors on the main and upper levels, Great deck and patio in the back for entertaining and BBQ's, fully fenced back yard, finished basement with wood stove, outside entrance to workshop/storage room, 3 large bedrooms, separate laundry room/mud room, deck roof and windows replaced in 2014, just a short walk to the water.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Dryer, Oven/Range - Electric, Range Hood, Refrigerator, Washer
  • Interior Amenities: Breakfast Area, Kitchen - Country, Dining Area, Primary Bath(s), Window Treatments, Wood Floors
  • Window Features: Insulated, Low-E
  • Fireplace Features: Flue For Stove
  • Fireplace: No
  • Door Features: French
  • Wall Ceiling Types: Dry Wall
  • Entry Location: Living Room
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1, Laundry, Mud Room, Workshop
  • Basement: Yes
  • Basement Type: Rear Entrance, Daylight, Partial, Fully Finished, Windows
  • Living Area Units: Square Feet
  • Total Sq Ft: 2387
  • Living Area Sq Ft: 2387
  • Price Per Sq Ft: 104.73
  • Above Grade Finished Sq Ft: 2387
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 481

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Dock Type: Ramp
  • Pool Private: No
  • Roof: Asphalt
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Name: CHESAPEAKE BAY
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Carport Spaces: 2
  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Asphalt Driveway, Carport
  • Parking Space Number Assigned: 1
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Carport

Utilities

  • Refuse: 121.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Septic Exists
  • Utilities: Under Ground, Cable Tv Available
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 153.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Boat Ramp
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: CALVERT COUNTY PUBLIC SCHOOLS
  • Elementary School: DOWELL
  • Middle School: MILL CREEK
  • High School: PATUXENT
  • School District Key: 121139842846
  • Elementary School: DOWELL
  • High School: PATUXENT
  • Middle Or Junior School: MILL CREEK

Lot Info

  • Fencing: Chain Link, Rear
  • Improvement Assessed Value: 132100.00
  • Land Assessed Value: 62700.00
  • Lot Size Acres: 0.23
  • Lot Size Area: 9975
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9975.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Attached Yn: No
  • Year Assessed: 2015
  • Zoning: R

Green Features

  • Green Water Conservation: Low-Flow Fixtures
  • R Factor Basement: 30
  • R Factor Ceilings: 30
  • R Factor Ext Walls: 30

Rental Info

  • Vacation Rental: No

Multi Family

  • Dock Slip Conveyance: None Available
  • Mean Low Water Feet: 15
  • Waterfront Features: Boat/Launch Ramp

Tax Info

  • Assessor Parcel Number: 14949316
  • Tax Annual Amount: 2199.61
  • Assessor Parcel Number: 0501074423
  • Tax Lot: 12A
  • Tax Total Finished Sq Ft: 1408
  • Tax Year: 2015
  • Close Date: 06/20/2017

MLS Schools

  • School District Name: CALVERT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2017
Closed on
Jun 26, 2017
Sold by
Morgan David V and Morgan Theresa A
Bought by
Myers David R and Myers Kelly J
Seller's Agent
Albert Hepp
BuySelf Incorporated
Buyer's Agent
Jeanette Silor
Homesource United
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$403,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,039
Avg. Annual Appreciation
6.50%
Original Mortgage
$252,525
Outstanding Balance
$211,053
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$208,325

Purchase Details

Listed on
Jul 26, 2013
Closed on
Sep 16, 2013
Sold by
Copsey James D and Copsey Sarah J
Bought by
Morgan David V and Morgan Theresa A
Seller's Agent
Sandy Sparrough
Keller Williams Flagship
Buyer's Agent
Laura Zurl
CENTURY 21 New Millennium
List Price
$237,500
Sold Price
$237,000
Premium/Discount to List
-$500
-0.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.43%
Original Mortgage
$244,800
Interest Rate
4.42%
Mortgage Type
VA

Purchase Details

Closed on
Dec 20, 2011
Sold by
Department Of Housing & Urban Developmen
Bought by
Copsey James D and Copsey Sarah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,061
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2011
Sold by
Cranford Joseph L
Bought by
First Guaranty Mortgage Corporation
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
Myers David R $250,000 Titlemax Llc
Morgan David V $237,000 Title Network Llc
Copsey James D $150,000 Lawyers Advantage Title Grou
First Guaranty Mortgage Corporation $311,658 First Financial Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Myers David R $252,525
Previous Owner Morgan David $244,100
Previous Owner Morgan David V $244,800
Previous Owner Copsey James D $153,061
Previous Owner Cranford Joseph L $267,784
Previous Owner Wagner P J $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2017 06/20/17 Sold $250,000 0.0% $105 / Sq Ft
04/14/2017 04/14/17 Pending -- -- --
03/13/2017 03/13/17 For Sale $250,000 +5.5% $105 / Sq Ft
09/16/2013 09/16/13 Sold $237,000 -0.2% $99 / Sq Ft
08/05/2013 08/05/13 Pending -- -- --
07/26/2013 07/26/13 For Sale $237,500 -- $99 / 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 $3,557 $318,300 $0 $0
2024 $3,557 $293,300 $0 $0
2023 $3,177 $268,300 $77,100 $191,200
2022 $2,747 $264,400 $0 $0
2021 $2,999 $260,500 $0 $0
2020 $2,999 $256,600 $77,100 $179,500
2019 $5,584 $248,233 $0 $0
2018 $2,516 $239,867 $0 $0
2017 $1,883 $231,500 $0 $0
2016 -- $219,267 $0 $0
2015 $2,572 $207,033 $0 $0
2014 $2,572 $194,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003270093

Bright MLS

APN: 01-074423