NOT LISTED FOR SALE

506 Tulip Rd Annapolis, MD 21403

Estimated Value: $2,912,000 - $3,480,000

5 Beds
4.5 Baths
6,756 Sq Ft
$475/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $2,100,000 $311 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $18,830/month

12 Days on Market

Highlights

  • 55 Feet of Waterfront
  • Boat Ramp
  • Pier
  • Hillsmere Elementary School Rated 9+
  • 3 Dock Slips
  • Private Beach

About This Home

As of June 2023

Picturesque contemporary home located in the coveted Wild Rose Shores. The private location surrounded by woods feels like a magical oasis and frames a beautifully landscaped path to the water’s edge. Sit back and savor the glorious sunsets from the western facing property. The rip rapped shoreline and 8’ MLW deep water pier with 2 boat lifts (40,000 lb & 8,000 lb) is perfect for the boating enthusiast. Head out on the South River and out to the Chesapeake Bay for endless mariner adventures. Once the boat is docked everyone can gather around the stone firepit on the expansive brick patio or flow seamlessly from exterior to interior through the plethora of glass doors; perfect for hosting parties or daily enjoyment of indoor/outdoor waterfront living. The inviting interior of the home features 10 ft ceilings throughout the main level and soaring 2 story ceilings in the foyer and dining room. The living room and family room both feature plentiful square footage and cozy fireplaces for chilly evenings. The 2 bedrooms and full bath located on the main level is an amazing opportunity for aging in place or multi-generation living. Head upstairs to find 2 bedrooms with shared bath and a spectacular Primary bedroom ensuite with fireplace, spa-like bath and private sunroom. The ideal retreat for relaxing after a long day! The finished lower level boasts a recreation room, full bath, home gym, utility/storage area and access to the 2 car garage. The highly sought after Wild Rose Shores community on desirable Ferry Point boasts a serene waterfront park with playground and community boat ramp and is located just minutes from everything Annapolis has to offer. This property has everything you are looking for and more. Welcome Home!

Last Agent to Sell the Property

Brad Kappel

(410) 279-9476 brad.kappel@sothebysrealty.com TTR Sotheby's International Realty Listed on: 04/27/2023

TTR Sotheby's International Realty

Last Buyer's Agent

Stacy Henderson

(301) 252-6190 shenderson@cbmove.com Coldwell Banker Realty License #590727

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,907

Year Built

  • Built in 1987

Lot Details

  • 0.92 Acre Lot
  • 55 Feet of Waterfront
  • Home fronts navigable water
  • Private Beach
  • Landscaped
  • Extensive Hardscape
  • No Through Street
  • Private Lot
  • Partially Wooded Lot
  • Backs to Trees or Woods
  • Property is in very good condition
  • Property is zoned R1

Parking

  • 2 Car Direct Access Garage
  • 6 Driveway Spaces
  • Basement Garage
  • Lighted Parking
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway
  • Gravel Driveway

Property Views

  • River
  • Woods
  • Creek or Stream

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Architectural Shingle Roof
  • Cedar

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Marble Fireplace
  • Fireplace Mantel
  • Brick Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Window Treatments
  • Casement Windows
  • Window Screens
  • Family Room Off Kitchen
  • Formal Dining Room

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer
  • Laundry Chute

Partially Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Connecting Stairway
  • Garage Access
  • Side Exterior Basement Entry
  • Sump Pump
  • Basement Windows

Outdoor Features

  • Pier
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • River Nearby
  • Waterski or Wakeboard
  • Sail
  • Rip-Rap
  • Swimming Allowed
  • Electric Hoist or Boat Lift
  • 3 Dock Slips
  • Physical Dock Slip Conveys
  • Stream or River on Lot
  • Powered Boats Permitted
  • Lake Privileges
  • Patio
  • Exterior Lighting
  • Porch

Schools

  • Hillsmere Elementary School
  • Annapolis Middle School
  • Annapolis High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Oil
  • Back Up Oil Heat Pump System
  • Vented Exhaust Fan
  • Programmable Thermostat
  • Water Treatment System
  • Well
  • Electric Water Heater
  • Water Conditioner is Owned
  • On Site Septic

Listing and Financial Details

  • Tax Lot 10B
  • Assessor Parcel Number 020294690019647

Community Details

Overview

  • No Home Owners Association
  • Wild Rose Shores Subdivision, Wild Rose Shores Waterfront Floorplan

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Boat Ramp
  • Community Playground
  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,907

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Ownership: Fee Simple
  • Exclusions: See Residential Property Information under Inclusions/Exclusions
  • Home Warranty: No
  • Inclusions: See Residential Property Information under Inclusions/Exclusions
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Remarks Public: Picturesque contemporary home located in the coveted Wild Rose Shores. The private location surrounded by woods feels like a magical oasis and frames a beautifully landscaped path to the water’s edge. Sit back and savor the glorious sunsets from the western facing property. The rip rapped shoreline and 8’ MLW deep water pier with 2 boat lifts (40,000 lb & 8,000 lb) is perfect for the boating enthusiast. Head out on the South River and out to the Chesapeake Bay for endless mariner adventures. Once the boat is docked everyone can gather around the stone firepit on the expansive brick patio or flow seamlessly from exterior to interior through the plethora of glass doors; perfect for hosting parties or daily enjoyment of indoor/outdoor waterfront living. The inviting interior of the home features 10 ft ceilings throughout the main level and soaring 2 story ceilings in the foyer and dining room. The living room and family room both feature plentiful square footage and cozy fireplaces for chilly evenings. The 2 bedrooms and full bath located on the main level is an amazing opportunity for aging in place or multi-generation living. Head upstairs to find 2 bedrooms with shared bath and a spectacular Primary bedroom ensuite with fireplace, spa-like bath and private sunroom. The ideal retreat for relaxing after a long day! The finished lower level boasts a recreation room, full bath, home gym, utility/storage area and access to the 2 car garage. The highly sought after Wild Rose Shores community on desirable Ferry Point boasts a serene waterfront park with playground and community boat ramp and is located just minutes from everything Annapolis has to offer. This property has everything you are looking for and more. Welcome Home!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Microwave, Dishwasher, Dryer, Exhaust Fan, Oven - Wall, Refrigerator, Washer, Water Conditioner - Owned, Water Heater, Cooktop, Extra Refrigerator/Freezer, Oven - Double, Stainless Steel Appliances
  • Flooring Type: Hardwood, Ceramic Tile, Carpet
  • Interior Amenities: Built-Ins, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room, Laundry Chute, Primary Bath(s), Skylight(s), Walk-In Closet(s), Water Treat System, Window Treatments, Wood Floors
  • Window Features: Casement, Double Pane, Insulated, Screens, Skylights
  • Fireplace Features: Brick, Mantel(s), Marble, Wood
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Wall Ceiling Types: 2 Story Ceilings, 9'+ Ceilings, Vaulted Ceilings
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Partial, Full, Garage Access, Heated, Improved, Outside Entrance, Partially Finished, Side Entrance, Sump Pump, Walkout Stairs, Windows
  • Laundry Type: Main Floor
  • Total Sq Ft: 6756
  • Living Area Sq Ft: 6756
  • Price Per Sq Ft: 379.57
  • Above Grade Finished Sq Ft: 5256
  • Below Grade Finished Sq Ft: 1500
  • Total Below Grade Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 506

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Private Beach
  • Roof: Architectural Shingle
  • View: Creek/Stream, River, Trees/Woods, Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Private Access, Sail, Swimming Allowed, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: SOUTH RIVER
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 55

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Circular Driveway, Crushed Stone, Gravel Driveway, Lighted Parking
  • Garage Features: Basement Garage, Garage - Side Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Programmable Thermostat, Zoned
  • Heating Fuel: Electric, Oil
  • Heating Type: Forced Air, Heat Pump - Oil Backup, Programmable Thermostat, Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well
  • Internet Services: Fiber Optic

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Boat Ramp, Tot Lots/Playground, Common Grounds, Picnic Area, Water/Lake Privileges
  • HOA: No
  • Senior Community: No

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • Elementary School: HILLSMERE
  • Middle School: ANNAPOLIS
  • High School: ANNAPOLIS
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140671932
  • School District Source: Listing Agent
  • Elementary School: HILLSMERE
  • High School: ANNAPOLIS
  • Middle Or Junior School: ANNAPOLIS

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 597300.00
  • Land Assessed Value: 1160600.00
  • Land Use Code: R
  • Lot Features: Backs To Trees, Landscaping, No Thru Street, Partly Wooded, Stream/Creek, Trees/Wooded, Private
  • Lot Size Acres: 0.92
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 40062.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: R1
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 15195186
  • Tax Annual Amount: 17907.00
  • Assessor Parcel Number: 020294690019647
  • Tax Lot: 10B
  • Tax Total Finished Sq Ft: 5256
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 06/15/2023

Multi Family

  • Mean Low Water Feet: 8
  • Waterfront Features: Private Dock Site, Rip-Rap

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Jun 15, 2023
Sold by
Gregory Frederick D
Bought by
Katcheves Basil S and Katcheves Konstantina M
Seller's Agent
Brad Kappel
TTR Sotheby's International Realty
Buyer's Agent
Stacy Henderson
Coldwell Banker Realty
List Price
$1,995,000
Sold Price
$2,100,000
Premium/Discount to List
$105,000
5.26%
Views
69
Current Estimated Value
$3,207,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,107,190
Avg. Annual Appreciation
20.41%
Original Mortgage
$1,250,000
Outstanding Balance
$1,217,664
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$1,989,526

Purchase Details

Closed on
Apr 8, 2014
Sold by
Gregory Fredercik D and Gregory Barbara A
Bought by
Gregory Frederick D

Purchase Details

Closed on
Jan 26, 1994
Sold by
Lundvall R E
Bought by
Gregory F D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Interest Rate
7.11%

Purchase Details

Closed on
Oct 30, 1986
Sold by
Lausch John J
Bought by
Lundvall Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,800
Interest Rate
9.95%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Katcheves Basil S $2,100,000 Title Resources Guaranty
Katcheves Basil S $2,100,000 Title Resources Guaranty
Gregory Frederick D -- None Available
Gregory F D $695,000 --
Lundvall Robert E $93,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katcheves Basil S $1,250,000
Closed Katcheves Basil S $1,250,000
Previous Owner Gregory F D $521,250
Previous Owner Lundvall Robert E $167,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Sold $2,100,000 +5.3% $311 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $1,995,000 -- $295 / 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 $22,711 $2,287,567 -- --
2024 $22,711 $2,022,733 $0 $0
2023 $19,730 $1,757,900 $1,160,600 $597,300
2022 $13,418 $1,681,000 $0 $0
2021 $26,230 $1,604,100 $0 $0
2020 $12,785 $1,527,200 $935,800 $591,400
2019 $12,588 $1,527,200 $935,800 $591,400
2018 $15,486 $1,527,200 $935,800 $591,400
2017 $11,911 $1,556,000 $0 $0
2016 -- $1,536,867 $0 $0
2015 -- $1,517,733 $0 $0
2014 -- $1,498,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDAA2058704

Bright MLS

APN: 02-946-90019647