NOT LISTED FOR SALE

502 2nd Ave SW Glen Burnie, MD 21061

Estimated Value: $469,000 - $576,000

0.18 Acre
$2,799,750 Price per Acre
7,735 Sq Ft Lot

Last Sold July 11, 2017

Last sale price $77,500 $27 Per Sq Ft

Est. 550% increase in value since last sale

Current estimated payment $3,037/month

About This Lot

As of July 2017

RARE level lot in established OLDE GLEN BURNIE. Tax records were noted as 502 2ND Ave SW but have been changed , not reflected in the public records yet. Very limited lots in this area,with limited possible sales.. Utilities are close by as there are houses on either side and across the street.Lots of potential here for the right buyer. Trees located on the lot .Nothing like it currently listed!

Last Agent to Sell the Property

Barbra Clair

(410) 674-5055 bluesbarbra@aol.com Legend Real Estate License #99363 Listed on: 06/13/2017

Last Buyer's Agent

Michele Bennett

(410) 409-1274 dreamhomesinmd@gmail.com RE/MAX Executive

RE/MAX Executive

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $961

Lot Details

  • 7,735 Sq Ft Lot
  • Property is zoned R5

Utilities

  • Water Source Within 50 Feet
  • No Septic System

Community Details

  • No Home Owners Association
  • Glen View Subdivision

Listing and Financial Details

  • Tax Lot 48
  • Assessor Parcel Number 020533310234200

Property Details

Property Type

Land

Est. Annual Taxes

$961

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Remarks Public: RARE level lot in established OLDE GLEN BURNIE. Tax records were noted as 502 2ND Ave SW but have been changed , not reflected in the public records yet. Very limited lots in this area,with limited possible sales.. Utilities are close by as there are houses on either side and across the street.Lots of potential here for the right buyer. Trees located on the lot .Nothing like it currently listed!
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 9.89
  • Street Number Modifier: 502

Exterior Features

  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic System
  • Water Source: Within 50 Ft

Condo/Co-op/Association

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

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • School District Key: 121140671932

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Area: 7735
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7735.00
  • Possible Use: Residential
  • Year Assessed: 2017
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15303657
  • Tax Annual Amount: 961.44
  • Assessor Parcel Number: 020533310234200
  • Tax Lot: 48
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 07/11/2017

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2017
Closed on
Jul 11, 2017
Sold by
Crawford Nancy L and Lipin Irene L
Bought by
Kvn Construction Inc
Seller's Agent
Barbra Clair
Legend Real Estate
Buyer's Agent
Michele Bennett
RE/MAX Executive
List Price
$76,500
Sold Price
$77,500
Premium/Discount to List
$1,000
1.31%
Current Estimated Value
$503,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,455
Avg. Annual Appreciation
25.30%
Original Mortgage
$356,155
Outstanding Balance
$296,247
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$207,708

Purchase Details

Listed on
Jun 13, 2017
Closed on
Jun 9, 2017
Sold by
Crawford Nancy L
Bought by
Ormond Brock A and Reis Deborah S
Seller's Agent
Barbra Clair
Legend Real Estate
Buyer's Agent
Michele Bennett
RE/MAX Executive
List Price
$76,500
Sold Price
$77,500
Premium/Discount to List
$1,000
1.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,155
Outstanding Balance
$296,247
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$207,708
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
Kvn Construction Inc $77,500 Northco Title Corp
Ormond Brock A $374,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ormond Brock A $356,155
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2017 07/11/17 Sold $77,500 +1.3% $27 / Sq Ft
06/19/2017 06/19/17 Pending -- -- --
06/13/2017 06/13/17 For Sale $76,500 -79.6% $27 / Sq Ft
06/09/2017 06/09/17 Sold $374,900 0.0% $131 / Sq Ft View Prior Sale
04/14/2017 04/14/17 Pending -- -- --
02/10/2017 02/10/17 Price Changed $374,900 -5.7% $131 / Sq Ft
09/16/2016 09/16/16 Price Changed $397,500 -1.4% $139 / Sq Ft
08/30/2016 08/30/16 For Sale $402,999 -- $141 / 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 $4,730 $414,300 $167,800 $246,500
2024 $4,730 $386,067 $0 $0
2023 $4,381 $357,833 $0 $0
2022 $3,875 $329,600 $133,900 $195,700
2021 $7,596 $322,267 $0 $0
2020 $3,681 $314,933 $0 $0
2019 $1,890 $307,600 $123,900 $183,700
2018 $3,119 $307,600 $123,900 $183,700
2017 $3,545 $307,600 $0 $0
2016 -- $307,900 $0 $0
2015 -- $304,033 $0 $0
2014 -- $300,167 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001317899

Bright MLS

APN: 05-333-10234100