NOT LISTED FOR SALE

50 Prospect Bay Dr W Grasonville, MD 21638

Estimated Value: $813,904 - $887,000

4 Beds
3 Baths
2,070 Sq Ft
$415/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $605,000 $292 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,534/month

4 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • Golf Club
  • Grasonville Elementary School Rated A-
  • On Golf Course
  • Home fronts navigable water

About This Home

As of March 2020

Simplify your life with this move-in ready, bright and airy home in the Prospect Bay golf community in Grasonville. This home is completely renovated with upgrades galore. The property backs to the golf course and has gorgeous views of both the golf course and the water. Two master suites plus two additional bedrooms. The first master is a new 500 sq. ft. addition with a huge walk-in closet. The private bath features an oversized double shower and porcelain tile. The second master has a large bath with deep soaking tub, ceramic surround, and upgraded vanity. The dream kitchen boasts custom cabinetry, quartz countertops, quartz sink, and high-end appliances: Miele black glass 36" five-burner gas cooktop with Zephyr exhaust hood, Miele wall oven, Miele built-in microwave, Kitchenaid stainless 3 door refrigerator, PLUS a seven-foot window over the kitchen sink that offers amazing water views and sunsets. The new high-efficiency gas fireplace will keep you warm all winter. New ultra high-efficiency heat pump keeps utility bills averaging under $200/month. Encapsulated, climatized crawl space, new rain spouts with gutter guards, and new 50-year siding and paint. Oversized two-car garage with new insulated door and car lift and lots of storage. The community offers golf, tennis, outdoor pool, restaurant, playground, clubhouse, and private marina. Welcome Home!

Last Agent to Sell the Property

Biana Arentz

Coldwell Banker Realty License #578595 Listed on: 02/05/2020

Coldwell Banker Realty

Last Buyer's Agent

Scott Saunders

Coldwell Banker Waterman Realty

Coldwell Banker Waterman Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,611

Year Built

  • Built in 1983 | Remodeled in 2018

Lot Details

  • 1 Acre Lot
  • Home fronts navigable water
  • On Golf Course
  • West Facing Home
  • Split Rail Fence
  • Wood Fence
  • Wire Fence
  • Landscaped
  • Level Lot
  • Cleared Lot
  • Back Yard Fenced and Front Yard
  • Property is in very good condition
  • Property is zoned NC-1

HOA Fees

  • $369 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 5 Open Parking Spaces
  • Oversized Parking
  • Side Facing Garage
  • Circular Driveway
  • On-Street Parking
  • Secure Parking

Property Views

  • Bay
  • Pond
  • Golf Course

Home Design

  • Coastal Architecture
  • Rambler Architecture
  • Shingle Roof
  • HardiePlank Type
  • Cedar

Interior Spaces

  • 2,070 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Heatilator
  • Self Contained Fireplace Unit Or Insert
  • Fireplace Mantel
  • Brick Fireplace
  • Gas Fireplace
  • Low Emissivity Windows
  • Window Treatments
  • Casement Windows
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Family Room Off Kitchen
  • Dining Area
  • Flood Lights
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Built-In Self-Cleaning Oven
  • Electric Oven or Range
  • Cooktop with Range Hood
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • ENERGY STAR Qualified Refrigerator
  • Freezer
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Flush Toilets
  • Soaking Tub

Laundry

  • Laundry on main level
  • Stacked Electric Washer and Dryer

Outdoor Features

  • Canoe or Kayak Water Access
  • Property near a bay
  • Personal Watercraft
  • Waterski or Wakeboard
  • Sail
  • Swimming Allowed
  • Powered Boats Permitted
  • Lake Privileges
  • Exterior Lighting
  • Shed

Schools

  • Grasonville Elementary School
  • Stevensville Middle School
  • Kent Island High School

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Vented Exhaust Fan
  • Programmable Thermostat
  • Underground Utilities
  • Propane
  • 60 Gallon+ High-Efficiency Water Heater

Listing and Financial Details

  • Tax Lot 162
  • Assessor Parcel Number 1805029198

Community Details

Overview

  • $42 Capital Contribution Fee
  • Association fees include common area maintenance, management, pool(s), recreation facility
  • $18 Other Monthly Fees
  • Prospect Bay HOA, Phone Number (410) 827-6950
  • Prospect Bay Subdivision

Amenities

  • Common Area
  • Clubhouse
  • Game Room
  • Meeting Room
  • Community Dining Room
  • Bar or Lounge

Recreation

  • Boat Ramp
  • Pier or Dock
  • 25 Community Docks
  • Marina
  • Golf Club
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing Allowed
  • Putting Green

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,611

Year Built

Built in 1983 | Remodeled in 2018

Lot Details

0

HOA Fees

$369 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-02-14
  • Federal Flood Zone: No
  • Year Built: 1983
  • Year Renovated: 2018
  • Remarks Public: Simplify your life with this move-in ready, bright and airy home in the Prospect Bay golf community in Grasonville. This home is completely renovated with upgrades galore. The property backs to the golf course and has gorgeous views of both the golf course and the water. Two master suites plus two additional bedrooms. The first master is a new 500 sq. ft. addition with a huge walk-in closet. The private bath features an oversized double shower and porcelain tile. The second master has a large bath with deep soaking tub, ceramic surround, and upgraded vanity. The dream kitchen boasts custom cabinetry, quartz countertops, quartz sink, and high-end appliances: Miele black glass 36" five-burner gas cooktop with Zephyr exhaust hood, Miele wall oven, Miele built-in microwave, Kitchenaid stainless 3 door refrigerator, PLUS a seven-foot window over the kitchen sink that offers amazing water views and sunsets. The new high-efficiency gas fireplace will keep you warm all winter. New ultra high-efficiency heat pump keeps utility bills averaging under $200/month. Encapsulated, climatized crawl space, new rain spouts with gutter guards, and new 50-year siding and paint. Oversized two-car garage with new insulated door and car lift and lots of storage. The community offers golf, tennis, outdoor pool, restaurant, playground, clubhouse, and private marina. Welcome Home!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Dryer - Electric, Dryer - Front Loading, Dual Flush Toilets, Energy Efficient Appliances, Energy Star Clothes Washer, Energy Star Dishwasher, Energy Star Refrigerator, Exhaust Fan, Extra Refrigerator/Freezer, Freezer, Microwave, Oven - Self Cleaning, Oven - Single, Oven - Wall, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Washer/Dryer Stacked, Water Heater, Water Heater - High-Efficiency
  • Interior Amenities: Attic, Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Eat-In, Primary Bath(s), Recessed Lighting, Skylight(s), Soaking Tub, Upgraded Countertops, Walk-In Closet(s), Wet/Dry Bar, Window Treatments
  • Window Features: Casement, Skylights, Screens, Low-E
  • Fireplace Features: Brick, Gas/Propane, Heatilator, Insert, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated, Sliding Glass
  • Wall Ceiling Types: 9'+ Ceilings, Cathedral Ceilings
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor, Has Laundry
  • Total Sq Ft: 2070
  • Living Area Sq Ft: 2070
  • Price Per Sq Ft: 297.10
  • Above Grade Finished Sq Ft: 2070
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 50

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
  • Other Structures List: Shed, Shed Shop
  • Construction Materials: Hardiplank Type, Cedar, Combination
  • Exterior Features: Exterior Lighting, Flood Lights, Secure Storage
  • Roof: Shingle
  • View: Golf Course, Water, Pond, Bay
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Swimming Allowed, Sail, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: Prospect Bay/Eastern Bay
  • 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
  • Open Parking Spaces Count: 5
  • Parking Features: Circular Driveway, Paved Driveway, Secure Parking, Asphalt Driveway
  • Garage Features: Garage - Side Entry, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Heat Pump(s), Programmable Thermostat
  • Heating Fuel: Electric, Propane - Leased
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric, 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane, Under Ground
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 368.72
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Bar/Lounge, Boat Ramp, Club House, Common Grounds, Dining Rooms, Game Room, Golf Club, Golf Course, Marina/Marina Club, Meeting Room, Pier/Dock, Pool - Outdoor, Putting Green, Swimming Pool, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Recreation Facility
  • HOA Name: PROSPECT BAY
  • HOA Phone: 410.827.6950
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: Fenced, In Ground

Fee Information

  • Other Fees: 55.35
  • Other Fees Frequency: Quarterly
  • Capital Contribution Fee: 41.66

Schools

  • School District: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
  • Elementary School: GRASONVILLE
  • Middle School: STEVENSVILLE
  • High School: KENT ISLAND
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121137777627
  • School District Source: 3rd Party
  • Elementary School: GRASONVILLE
  • High School: KENT ISLAND
  • Middle Or Junior School: STEVENSVILLE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Split Rail, Rear, Wire, Wood
  • Improvement Assessed Value: 239600.00
  • Land Assessed Value: 155000.00
  • Land Use Code: 110
  • Lot Features: Cleared, Front Yard, Landscaping, Level, Rear Yard
  • Lot Size Acres: 1.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: NC-1
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 4530537
  • Tax Annual Amount: 3611.00
  • Assessor Parcel Number: 1805029198
  • Tax Lot: 162
  • Tax Total Finished Sq Ft: 2070
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/31/2020

Multi Family

  • Mean Low Water Feet: 4

MLS Schools

  • School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2020
Closed on
Mar 12, 2020
Sold by
Derr Cathy L and Gassaway William F
Bought by
Angier John C and Longo Schocberlin Denise
Seller's Agent
Biana Arentz
Coldwell Banker Realty
Buyer's Agent
Scott Saunders
Coldwell Banker Waterman Realty
List Price
$615,000
Sold Price
$605,000
Premium/Discount to List
-$10,000
-1.63%
Current Estimated Value
$858,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,226
Avg. Annual Appreciation
6.44%
Original Mortgage
$150,000
Outstanding Balance
$134,029
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$711,251

Purchase Details

Listed on
Nov 28, 2017
Closed on
Mar 30, 2018
Sold by
Cochin Evelyn Diane
Bought by
Derr Cathy L and Gassway William F
Seller's Agent
Biana Arentz
Coldwell Banker Realty
Buyer's Agent
Andy Batch
Keller Williams Select Realtors of Annapolis
List Price
$389,900
Sold Price
$360,000
Premium/Discount to List
-$29,900
-7.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.47%
Original Mortgage
$270,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 1999
Sold by
Heavey John M
Bought by
Cochin Richard B

Purchase Details

Closed on
Aug 9, 1982
Sold by
M C D Enterprises, Inc
Bought by
Heavey John M and Heavey Joan M
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
Angier John C $605,000 Bay East Title
Derr Cathy L $360,000 None Available
Cochin Richard B $225,000 --
Heavey John M $20,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Angier John C $150,000
Previous Owner Derr Cathy L $270,000
Previous Owner Cochin Richard B $473,600
Previous Owner Cochin Richard B $419,050
Closed Cochin Richard B --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $605,000 -1.6% $292 / Sq Ft
02/09/2020 02/09/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $615,000 +70.8% $297 / Sq Ft
03/30/2018 03/30/18 Sold $360,000 -7.7% $226 / Sq Ft
01/29/2018 01/29/18 Pending -- -- --
11/28/2017 11/28/17 For Sale $389,900 -- $245 / 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
2024 $5,588 $593,200 $300,000 $293,200
2023 $4,964 $527,000 $0 $0
2022 $4,341 $460,800 $0 $0
2021 $3,785 $394,600 $155,000 $239,600
2020 $3,612 $376,567 $0 $0
2019 $3,439 $358,533 $0 $0
2018 $3,266 $340,500 $145,000 $195,500
2017 $3,266 $340,500 $0 $0
2016 -- $340,500 $0 $0
2015 $2,922 $354,500 $0 $0
2014 $2,922 $337,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA142820

Bright MLS

APN: 05-029198