NOT LISTED FOR SALE

503 Lake Shore Dr Pasadena, MD 21122

Estimated Value: $958,000 - $1,223,000

3 Beds
1.5 Baths
1,516 Sq Ft
$703/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $999,000 $659 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,540/month

3 Days on Market

Highlights

  • 695 Feet of Waterfront
  • Access to Tidal Water
  • Fishing Allowed
  • 1 Dock Slip
  • Private Beach
  • Bay View

About This Home

As of February 2022

Fantastic opportunity to own a point of land location on the Magothy River! 503 Lake Shore Drive is sited on a 2+ acre parcel, with a sandy beach and panoramic views across the Magothy River. The private pier is on Ross Cove, a very protected inlet. The entrance to the property is through a stately stone arch and down a winding road. The main level of the home has a beautiful living room, a kitchen that flows into the dining area (double water views!), 3 bedrooms and 1 and a half bathrooms. The walk-out lower level has a family room with brick fireplace. There is vintage knotty pine walls and hardwood floors in most rooms. A super spot to enjoy as is, renovate the existing, or use the incredible piece of property to start fresh and build your dream home; the possibilities are endless. The sandy beach is perfect for enjoying the Magothy River and using your kayaks, canoes, or paddle board. Acreage shown is based on SDAT and tax record information; seller does not have a plat of the property.

Last Agent to Sell the Property

Charlie Buckley

Long & Foster Real Estate, Inc. Listed on: 01/14/2022

Long & Foster Real Estate, Inc.

Co-Listed By

Reid Buckley

Long & Foster Real Estate, Inc.

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,254

Year Built

  • Built in 1920

Lot Details

  • 2.25 Acre Lot
  • 695 Feet of Waterfront
  • Home fronts navigable water
  • Private Beach
  • Sandy Beach
  • Landscaped
  • Private Lot
  • Premium Lot
  • Property is in good condition
  • Property is zoned R1

Parking

  • Driveway

Property Views

  • Bay
  • Scenic Vista

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • Property has 1 Level
  • 2 Fireplaces
  • Family Room
  • Living Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Outdoor Features

  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • River Nearby
  • Swimming Allowed
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Powered Boats Permitted
  • Playground

Location

  • Bayside

Schools

  • Lake Shore Elementary At Chesapeake Bay
  • Chesapeake Bay Middle School
  • Chesapeake High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Oil Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 020300001694000

Community Details

Overview

  • No Home Owners Association
  • Lake Shore Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,254

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2022-01-15
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Fantastic opportunity to own a point of land location on the Magothy River! 503 Lake Shore Drive is sited on a 2+ acre parcel, with a sandy beach and panoramic views across the Magothy River. The private pier is on Ross Cove, a very protected inlet. The entrance to the property is through a stately stone arch and down a winding road. The main level of the home has a beautiful living room, a kitchen that flows into the dining area (double water views!), 3 bedrooms and 1 and a half bathrooms. The walk-out lower level has a family room with brick fireplace. There is vintage knotty pine walls and hardwood floors in most rooms. A super spot to enjoy as is, renovate the existing, or use the incredible piece of property to start fresh and build your dream home; the possibilities are endless. The sandy beach is perfect for enjoying the Magothy River and using your kayaks, canoes, or paddle board. Acreage shown is based on SDAT and tax record information; seller does not have a plat of the property.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 2
  • Foundation Details: Other
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: No
  • Total Sq Ft: 2452
  • Living Area Sq Ft: 1516
  • Price Per Sq Ft: 658.97
  • Above Grade Finished Sq Ft: 1516
  • Below Grade Sq Ft: 936
  • Total Below Grade Sq Ft: 936
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 503

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Play Area, Private Beach
  • View: Water, Scenic Vista, Bay
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Private Access, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Magothy River out to the Bay
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 695

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Refuse: 341.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • Elementary School: LAKE SHORE ELEMENTARY AT CHESAPEAKE BAY
  • Middle School: CHESAPEAKE BAY
  • High School: CHESAPEAKE
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121140671932
  • School District Source: 3rd Party
  • Elementary School: LAKE SHORE ELEMENTARY AT CHESAPEAKE BAY
  • High School: CHESAPEAKE
  • Middle Or Junior School: CHESAPEAKE BAY

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 129000.00
  • Land Assessed Value: 532500.00
  • Land Use Code: R
  • Lot Features: Private, Premium, Landscaping
  • Lot Size Acres: 2.25
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 98010.00
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: R1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15196063
  • Tax Annual Amount: 7254.00
  • Assessor Parcel Number: 020300001694000
  • Tax Total Finished Sq Ft: 1516
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 02/28/2022

Multi Family

  • Waterfront Features: Private Dock Site, Sandy Beach

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Denner Bonita Lee $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $999,000 0.0% $659 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $999,000 -- $659 / 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 $8,892 $779,200 -- --
2024 $8,892 $760,700 $612,500 $148,200
2023 $8,479 $727,633 $0 $0
2022 $7,748 $694,567 $0 $0
2021 $12,613 $661,500 $532,500 $129,000
2020 $6,168 $660,900 $0 $0
2019 $12,151 $660,300 $0 $0
2018 $6,689 $659,700 $532,500 $127,200
2017 $5,607 $622,700 $0 $0
2016 -- $585,700 $0 $0
2015 -- $548,700 $0 $0
2014 -- $548,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDAA2019838

Bright MLS

APN: 03-000-01694000