NOT LISTED FOR SALE

524 North Dr Tracys Landing, MD 20779

Estimated Value: $249,000 - $366,000

2 Beds
1 Bath
568 Sq Ft
$520/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $225,000 $396 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,853/month

41 Days on Market

Highlights

  • Home fronts navigable water
  • Bay View
  • 1 Fireplace
  • Water Access
  • Wood Flooring
  • No HOA

About This Home

As of October 2021

Location, Location, Location. Original vintage Chesapeake Bay cottage with unobstructed Bay views. Home needs updating but seems very solid. Large screen porch with bay views, open living room with hardwood floors, woodstove, two very small bedrooms, kitchen & back porch in rear. Located in small private enclave of homes sitting high above the Chesapeake Bay. Come and restore this cottage and enjoy the lifestyle of the Chesapeake Bay. 5 minutes to award winning Herrington Harbour North & South. Minutes to Deale and all the waterfront dining. 30 minutes to Annapolis, 45 minutes to D.C.. Please don't walk down to the water edge as it's private property. 10' common right a way is between bench and flag. Cash or conventional only. Strictly sold "as is"

Last Agent to Sell the Property

Ray Mudd

Schwartz Realty, Inc. Listed on: 08/10/2021

Last Buyer's Agent

Phil Gerdes

Real Broker, LLC - Annapolis License #0225261065

Real Broker, LLC - Annapolis

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,065

Year Built

  • Built in 1930

Lot Details

  • 5,000 Sq Ft Lot
  • Home fronts navigable water
  • Property is zoned R2

Parking

  • Driveway

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • 568 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Wood Flooring
  • Bay Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Water Access
  • Property near a bay

Schools

  • Deale Elementary School
  • Southern Middle School
  • Southern High School

Utilities

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

Community Details

  • No Home Owners Association
  • Fairview Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 020826900626000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,065

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Remarks Public: Location, Location, Location. Original vintage Chesapeake Bay cottage with unobstructed Bay views. Home needs updating but seems very solid. Large screen porch with bay views, open living room with hardwood floors, woodstove, two very small bedrooms, kitchen & back porch in rear. Located in small private enclave of homes sitting high above the Chesapeake Bay. Come and restore this cottage and enjoy the lifestyle of the Chesapeake Bay. 5 minutes to award winning Herrington Harbour North & South. Minutes to Deale and all the waterfront dining. 30 minutes to Annapolis, 45 minutes to D.C.. Please don't walk down to the water edge as it's private property. 10' common right a way is between bench and flag. Cash or conventional only. Strictly sold "as is"
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood
  • Fireplaces Count: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 568
  • Living Area Sq Ft: 568
  • Price Per Sq Ft: 528.17
  • Above Grade Finished Sq Ft: 568
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 524

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Name: Chesapeake Bay
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • 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: DEALE
  • Middle School: SOUTHERN
  • High School: SOUTHERN
  • 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: DEALE
  • High School: SOUTHERN
  • Middle Or Junior School: SOUTHERN

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 49700.00
  • Land Assessed Value: 121700.00
  • Land Use Code: 011
  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Year Assessed: 2021
  • Zoning: R2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15332840
  • Tax Annual Amount: 2065.00
  • Assessor Parcel Number: 020826900626000
  • Tax Lot: 17
  • Tax Total Finished Sq Ft: 568
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 10/15/2021

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2021
Closed on
Oct 15, 2021
Sold by
Grigsby Patricia Anne and Grigsby Kevin Michael
Bought by
Geissdorfer Samantha and Mercer Matthew
Seller's Agent
Ray Mudd
Schwartz Realty, Inc.
Buyer's Agent
Phil Gerdes
Real Broker, LLC - Annapolis
List Price
$300,000
Sold Price
$225,000
Premium/Discount to List
-$75,000
-25%
Current Estimated Value
$295,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,467
Avg. Annual Appreciation
6.97%
Original Mortgage
$218,250
Outstanding Balance
$202,904
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$85,407
Source: Public Records

Range of Values:

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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
Geissdorfer Samantha $225,000 Eagle Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geissdorfer Samantha $218,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $225,000 -25.0% $396 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $300,000 -- $528 / 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 $2,480 $178,133 $0 $0
2023 $2,405 $171,400 $121,700 $49,700
2022 $2,273 $170,600 $0 $0
2021 $2,265 $169,800 $0 $0
2020 $2,215 $169,000 $121,700 $47,300
2019 $2,158 $163,367 $0 $0
2018 $1,599 $157,733 $0 $0
2017 $2,005 $152,100 $0 $0
2016 -- $152,100 $0 $0
2015 -- $152,100 $0 $0
2014 -- $200,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ray Mudd

    Seller's Agent in 2021

    Ray Mudd

    Schwartz Realty, Inc.

    (301) 261-9700

    281 Total Sales

    Ray Mudd
    Section Image
  • Phil Gerdes

    Buyer's Agent in 2021

    Phil Gerdes

    Real Broker, LLC - Annapolis

    (443) 694-7366

    662 Total Sales

    Phil Gerdes
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDAA2006342

Bright MLS

APN: 08-269-00626000

Maryland Anne Arundel County Tracys Landing 20779

524 North Dr, Tracys Landing, MD

This home is located at 524 North Dr, Tracys Landing, MD 20779 since 10 August 2021 and is currently estimated at $295,467, approximately $520 per square foot. This property was built in 1930. 524 North Dr is a home located in Anne Arundel County with nearby schools including Deale Elementary School, Southern Middle School, and Southern High School.

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