NOT LISTED FOR SALE

48551 Virginia Way Lexington Park, MD 20653

Estimated Value: $536,000 - $554,435

5 Beds
3 Baths
2,528 Sq Ft
$215/Sq Ft Est. Value

Last Sold August 08, 2022

Last sale price $471,000 $186 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,264/month

Highlights

  • New Construction
  • Main Floor Bedroom
  • No HOA
  • Colonial Architecture
  • Combination Kitchen and Living
  • Upgraded Countertops

About This Home

As of August 2022

No waiting to build here AND no wondering what the interest rate will be when it’s time to lock. This Beautiful 5BR newly constructed home south of the base is ready for occupancy. Two car attached garage, level fenced in back yard, with quick access to Rt 235. Entry level bedroom, granite counter tops, stainless appliances, large bedrooms ready for occupancy. Get it while you watch others wait on their home to be built.

Last Agent to Sell the Property

Jimmy Hayden

(240) 925-1928 jimmyhaydenrealtor@gmail.com RE/MAX Realty Group Listed on: 07/07/2022

RE/MAX Realty Group

Last Buyer's Agent

Mary Helen Wiley Daly

(301) 904-2844 maryhelendaly8@gmail.com RE/MAX One License #0673309

RE/MAX One

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,140

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 1.26 Acre Lot
  • Property is in excellent condition
  • Property is zoned RPD

Parking

  • 2 Car Attached Garage
  • Side Facing Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Stick Built Home

Interior Spaces

  • 2,528 Sq Ft Home
  • Property has 2 Levels
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Combination Kitchen and Living
  • Dining Area
  • Carpet
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • Walk-In Closet

Utilities

  • Central Air
  • Heat Pump System
  • Back Up Electric Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 1901042807

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,140

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Expected On Market: 2022-07-07
  • Year Built: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: No waiting to build here AND no wondering what the interest rate will be when it’s time to lock. This Beautiful 5BR newly constructed home south of the base is ready for occupancy. Two car attached garage, level fenced in back yard, with quick access to Rt 235. Entry level bedroom, granite counter tops, stainless appliances, large bedrooms ready for occupancy. Get it while you watch others wait on their home to be built.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Icemaker, Refrigerator, Stainless Steel Appliances, Stove
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Kitchen/Living, Crown Moldings, Dining Area, Entry Level Bedroom, Kitchen - Island, Recessed Lighting, Upgraded Countertops, Walk-In Closet(s)
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Hookup
  • Total Sq Ft: 2528
  • Living Area Sq Ft: 2528
  • Price Per Sq Ft: 177.61
  • Above Grade Finished Sq Ft: 2528
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 48551

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Stick Built
  • Construction Completed: No
  • 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 - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: ST. MARY'S COUNTY PUBLIC SCHOOLS
  • School District Key: 121138839208
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 116300.00
  • Land Use Code: R
  • Lot Size Acres: 1.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 54886.00
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: RPD
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15017490
  • Tax Annual Amount: 1140.00
  • Assessor Parcel Number: 1901042807
  • Tax Lot: 1
  • Tax Page Number: 93
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 08/08/2022

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 8, 2022
Sold by
Dogwood Development Llc
Bought by
Withers Timothy Leonard and Withers Bethany Marie
Seller's Agent
Jimmy Hayden
RE/MAX Realty Group
Buyer's Agent
Mary Helen Wiley Daly
RE/MAX One
List Price
$449,000
Sold Price
$471,000
Premium/Discount to List
$22,000
4.9%
Views
2
Current Estimated Value
$543,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,109
Avg. Annual Appreciation
4.54%
Original Mortgage
$447,450
Outstanding Balance
$427,061
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$116,048

Purchase Details

Closed on
Feb 25, 2022
Sold by
Sean Powell
Bought by
Dogwood Development Llc

Purchase Details

Listed on
Jun 29, 2021
Closed on
Oct 28, 2021
Sold by
Tuma Jason Dean
Bought by
Powell Sean
Seller's Agent
Katherine Dean
RE/MAX One
Buyer's Agent
Jimmy Hayden
RE/MAX Realty Group
List Price
$120,000
Sold Price
$75,000
Premium/Discount to List
-$45,000
-37.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.45%
Original Mortgage
$40,000
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 20, 2019
Closed on
May 20, 2019
Sold by
Gough Ralph E and Gough Christine M
Bought by
Tuma Jason Dean
Seller's Agent
Brooke Matthews
RE/MAX One
Buyer's Agent
Katherine Dean
RE/MAX One
List Price
$349,900
Sold Price
$344,500
Premium/Discount to List
-$5,400
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-46.33%
Original Mortgage
$344,500
Interest Rate
4.1%
Mortgage Type
VA

Purchase Details

Closed on
Jul 29, 2011
Sold by
Gough Ralph E
Bought by
Gough Ralph E and Gough Christine M

Purchase Details

Closed on
Mar 1, 2005
Sold by
Hall Ernest F and Hall Emma V
Bought by
Gough Ralph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.64%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Withers Timothy Leonard $471,000 Lighthouse Title
Withers Timothy Leonard $471,000 Lighthouse Title
Dogwood Development Llc $83,000 Wood Joann M
Powell Sean $75,000 Blue Crab Title & Escrow Llc
Tuma Jason Dean $344,500 Maryland Trust T&E Llc
Gough Ralph E -- Atlantic Coast Title Inc
Gough Ralph E $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Withers Timothy Leonard $447,450
Closed Withers Timothy Leonard $447,450
Previous Owner Powell Sean $40,000
Previous Owner Tuma Jason Dean $344,500
Previous Owner Gough Ralph E $200,000
Previous Owner Gough Ralph E $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/08/2022 08/08/22 Sold $471,000 +4.9% $186 / Sq Ft
07/09/2022 07/09/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $449,000 +498.7% $178 / Sq Ft
10/29/2021 10/29/21 Sold $75,000 0.0% $29 / Sq Ft View Prior Sale
10/20/2021 10/20/21 Price Changed $75,000 -24.9% $29 / Sq Ft
09/26/2021 09/26/21 Pending -- -- --
09/17/2021 09/17/21 Price Changed $99,900 -9.2% $38 / Sq Ft
08/11/2021 08/11/21 Price Changed $110,000 -8.3% $42 / Sq Ft
06/29/2021 06/29/21 For Sale $120,000 -65.2% $46 / Sq Ft
05/20/2019 05/20/19 Sold $344,500 -1.5% $133 / Sq Ft View Prior Sale
04/06/2019 04/06/19 Pending -- -- --
02/20/2019 02/20/19 For Sale $349,900 0.0% $135 / Sq Ft
08/20/2014 08/20/14 Rented $2,050 +7.9% --
08/20/2014 08/20/14 Under Contract -- -- --
08/11/2014 08/11/14 For Rent $1,900 0.0% --
04/01/2014 04/01/14 Rented $1,900 0.0% --
03/31/2014 03/31/14 Under Contract -- -- --
02/17/2014 02/17/14 For Rent $1,900 -- --
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 $4,989 $459,133 $0 $0
2024 $4,888 $449,667 $0 $0
2023 $4,698 $440,200 $116,300 $323,900
2022 $1,084 $112,967 $0 $0
2021 $1,297 $318,200 $0 $0
2020 $3,337 $308,700 $106,300 $202,400
2019 $3,335 $308,700 $106,300 $202,400
2018 $3,333 $308,700 $106,300 $202,400
2017 $3,349 $312,100 $0 $0
2016 -- $308,300 $0 $0
2015 $3,402 $304,500 $0 $0
2014 $3,402 $300,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDSM2007666

Bright MLS

APN: 01-042807