NOT LISTED FOR SALE

521 Runabout Loop Unit 521 Solomons, MD 20688

Solomons Neighborhood

Estimated Value: $355,965 - $398,000

2 Beds
2 Baths
1,560 Sq Ft
$485/mo HOA Fee

Last Sold October 30, 2019

Last sale price $245,000 $157 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,802/month

5 Days on Market

Highlights

  • Marina
  • Water Views
  • Access to Tidal Water
  • 5 Dock Slips
  • Home fronts navigable water
  • Fitness Center

About This Home

As of October 2019

This light and bright , well maintained waterfront condo with open floor plan is the perfect getaway or place to call home. The main living area opens to den/office offering great flexibility. Relax in large owners suite with en-suite bath. The unit features deck overlooking the water, location convenient for boaters, the building being located right next to the marina. Enjoy the Solomons waterfront lifestyle and great community amenities

Last Listed By

Susan Thompson

Monument Sotheby's International Realty License #622777 Listed on: 09/27/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,667

Year Built

  • Built in 2000

Lot Details

  • Home fronts navigable water
  • Creek or Stream
  • Property is in very good condition

HOA Fees

  • $485 Monthly HOA Fees

Property Views

  • Water
  • Scenic Vista
  • Woods

Home Design

  • Contemporary Architecture
  • Piling Construction
  • HardiePlank Type

Interior Spaces

  • 1,560 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Wet Bar
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Carpet
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Soaking Tub
  • Bathtub with Shower

Home Security

Parking

  • Parking Lot
  • 1 Assigned Parking Space

Accessible Home Design

  • Accessible Elevator Installed
  • Doors are 32 inches wide or more
  • Entry Slope Less Than 1 Foot
  • Vehicle Transfer Area

Outdoor Features

  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • 5 Dock Slips
  • Shared Waterfront
  • Powered Boats Permitted
  • Lake Privileges

Utilities

  • Air Source Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 521
  • Assessor Parcel Number 0501208837

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, pier/dock maintenance, pool(s), reserve funds, road maintenance, security gate, snow removal, trash
  • Low-Rise Condominium
  • Solomons Landing Condo Association Condos
  • Solomons Landing Subdivision
  • Property Manager

Amenities

  • Picnic Area
  • Common Area
  • Community Center
  • Meeting Room

Recreation

  • Marina
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Fishing Allowed
  • Putting Green
  • Jogging Path

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,667

Year Built

Built in 2000

Lot Details

0

HOA Fees

$485 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors, Elevator, Entry Slope <1', Level Entry - Main, Vehicle Transfer Area
  • Ownership: Condominium
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Main
  • Year Built: 2000
  • Remarks Public: This light and bright , well maintained waterfront condo with open floor plan is the perfect getaway or place to call home. The main living area opens to den/office offering great flexibility. Relax in large owners suite with en-suite bath. The unit features deck overlooking the water, location convenient for boaters, the building being located right next to the marina. Enjoy the Solomons waterfront lifestyle and great community amenities
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Soaking Tub, Sprinkler System, Tub Shower, Wet/Dry Bar, Window Treatments
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Pilings
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1560
  • Living Area Sq Ft: 1560
  • Price Per Sq Ft: 157.05
  • Above Grade Finished Sq Ft: 1560
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 521

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type
  • View: Scenic Vista, Trees/Woods, Water
  • Water Access Features: Canoe/Kayak, Fishing Allowed, Boat - Powered
  • Water Access: Yes
  • Water Body Name: Back Creek/Patuxent River/Chesapeake Bay
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 350.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 485.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Solomons Landing Condo Association
  • HOA Condo Co-Op Amenities: Common Grounds, Community Center, Fitness Center, Gated Community, Jog/Walk Path, Marina/Marina Club, Meeting Room, Picnic Area, Pool - Outdoor, Putting Green, Reserved/Assigned Parking, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Pier/Dock Maintenance, Pool(s), Reserve Funds, Road Maintenance, Security Gate, Snow Removal, Trash
  • HOA: No
  • Senior Community: No

Schools

  • School District: CALVERT COUNTY PUBLIC SCHOOLS
  • School District Key: 121139842846
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 155200.00
  • Land Assessed Value: 60000.00
  • Land Use Code: 010
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: R
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14975278
  • Tax Annual Amount: 2667.00
  • Assessor Parcel Number: 0501208837
  • Tax Lot: 521
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 10/30/2019

Multi Family

  • Waterfront Features: Shared

MLS Schools

  • School District Name: CALVERT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2019
Closed on
Oct 30, 2019
Sold by
Gardner William T and Gardner Ruth T
Bought by
Schutte Janie A
Seller's Agent
Susan Thompson
Monument Sotheby's International Realty
Buyer's Agent
Pam Aley
O'Brien Realty ERA Powered
List Price
$245,000
Sold Price
$245,000
Total Days on Market
5
Current Estimated Value
$374,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,741
Avg. Annual Appreciation
8.00%
Original Mortgage
$122,500
Outstanding Balance
$109,126
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$265,615

Purchase Details

Closed on
Aug 1, 2011
Sold by
Giacone Michael and Giacone Michael
Bought by
Gardner William T

Purchase Details

Closed on
Jul 25, 2011
Sold by
Giacone Michael and Giacone Linda
Bought by
Gardner William T and Gardner Ruth T

Purchase Details

Closed on
Nov 7, 2002
Sold by
Pruitt J Adams Joyce F
Bought by
Giacone Michael and Giacone Linda

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
Schutte Janie A $245,000 Blue Crab Title & Escrow Llc
Gardner William T $260,000 --
Gardner William T $260,000 --
Gardner William T $260,000 Bridgeview Title Llc
Gardner William T $260,000 --
Gardner William T $260,000 --
Giacone Michael $234,945 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schutte Janie A $122,500
Closed Giacone Michael --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2019 10/30/19 Sold $245,000 0.0% $157 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $245,000 -- $157 / 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 $2,883 $252,667 $0 $0
2023 $2,596 $235,000 $60,000 $175,000
2022 $2,524 $228,400 $0 $0
2021 $5,048 $221,800 $0 $0
2020 $2,392 $215,200 $60,000 $155,200
2019 $2,257 $215,200 $60,000 $155,200
2018 $2,257 $215,200 $60,000 $155,200
2017 $2,350 $215,200 $0 $0
2016 -- $215,200 $0 $0
2015 -- $215,200 $0 $0
2014 -- $215,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: MDCA172452

Bright MLS

APN: 01-208837