NOT LISTED FOR SALE

507 Prospect Mill Rd Bel Air, MD 21015

Estimated Value: $852,209 - $1,031,000

2.3 Acres
$401,979 Price per Acre
100,188 Sq Ft Lot

Last Sold February 24, 2012

Last sale price $180,000 $51 Per Sq Ft

Est. 414% increase in value since last sale

Current estimated payment $5,417/month

Highlights

  • Wooded Lot
  • Prospect Mill Elementary School Rated A-
  • No HOA

About This Lot

As of February 2012

Listed and sold simultaneously. Beautiful 2 acre wooded lot. known as Lot 3, recorded plat 132-26. see Declaration of Covenants And Restrictions For Forest Retention, recorded Agreement And Declaration Of Covenants For Driveway Maintenance And Repair, also draft copy of Convenants and Restrictions to be reorded prior to settlement and Percolation Test Update 11-29-11 HA Co Health Dept.

Last Agent to Sell the Property

Tim Sullivan

(410) 591-1176 sullivanrealty25@gmail.com Sullivan Realty, LLC Listed on: 12/03/2011

Last Buyer's Agent

Deborah Hutson

(410) 456-9824 debsails@aol.com American Dream Realty and Management

American Dream Realty and Management

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,621

Lot Details

  • 2.3 Acre Lot
  • Flag Lot
  • Wooded Lot
  • Cost To Obtain Building Permits
  • Impact Fee Building Permits
  • Property is zoned AG

Utilities

  • Well Permit Not Applied For
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 1303389596

Property Details

Property Type

Land

Est. Annual Taxes

$1,621

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 1.85

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Septic Exists
  • Water Source: Well Permit Not Applied For

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Lot Features: Flag, Trees/Wooded
  • Lot Size Acres: 2.30
  • Lot Size Area: 100188
  • Lot Dimensions: LotWidth:300 X LotDepth:293
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 100188.00
  • Perc Type: Approved
  • Possible Use: Residential
  • Zoning: AG

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 6552357
  • Tax Annual Amount: 1621.37
  • Assessor Parcel Number: 1303389596
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2011
Closed on
Feb 24, 2012
Sold by
Walls Ronnie J and Walls Susan R
Bought by
Glass Anthony D and Glass Christina M
Seller's Agent
Tim Sullivan
Sullivan Realty, LLC
Buyer's Agent
Deborah Hutson
American Dream Realty and Management
List Price
$185,000
Sold Price
$180,000
Premium/Discount to List
-$5,000
-2.7%
Current Estimated Value
$924,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$744,552
Avg. Annual Appreciation
12.71%
Original Mortgage
$135,000
Outstanding Balance
$93,265
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$831,287

Purchase Details

Closed on
Jun 3, 2009
Sold by
Walls Ronnie J
Bought by
Walls Ronnie J and Walls Susan R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Glass Anthony D $180,000 Sage Title Group Llc
Walls Ronnie J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glass Anthony D $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2012 02/24/12 Sold $180,000 -2.7% $51 / Sq Ft
12/03/2011 12/03/11 Pending -- -- --
12/03/2011 12/03/11 For Sale $185,000 -- $53 / 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 $6,926 $679,900 $126,700 $553,200
2024 $6,926 $643,267 $0 $0
2023 $6,592 $606,633 $0 $0
2022 $6,272 $570,000 $126,700 $443,300
2021 $6,409 $560,100 $0 $0
2020 $6,409 $550,200 $0 $0
2019 $6,295 $540,300 $146,500 $393,800
2018 $6,165 $533,867 $0 $0
2017 $6,092 $540,300 $0 $0
2016 -- $521,000 $0 $0
2015 $1,607 $521,000 $0 $0
2014 $1,607 $521,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004649204

Bright MLS

APN: 03-389596