NOT LISTED FOR SALE

525 Broadwater Way Gibson Island, MD 21056

Estimated Value: $4,296,939 - $5,275,000

5 Beds
5.5 Baths
5,260 Sq Ft
$904/Sq Ft Est. Value

Last Sold October 28, 2015

Last sale price $3,344,000 $636 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $29,768/month

Highlights

  • 150 Feet of Waterfront
  • Sandy Beach
  • Bay View
  • Beach
  • Fishing Allowed
  • Eat-In Gourmet Kitchen

About This Home

As of October 2015

Wonderful 5BR, 5.5BA waterfront property on Chesapeake Bay w/ modern amenities and gracious floor plan/room sizes. Features stunning views of the bay, living room w/ cathedral ceiling and large fireplace, grand dining room w/ fireplace, family room adjoining kitchen, sun room overlooking bay, beautiful master suite, gourmet, table-space kitchen, 2-car, detached garage and low-maintenance grounds.

Last Agent to Sell the Property

Corey Burr

(301) 346-3345 cburr@ttrsir.com TTR Sotheby's International Realty License #35846 Listed on: 11/12/2014

TTR Sotheby's International Realty

Co-Listed By

Sarah Kanne

skanne@ttrsir.com TTR Sotheby's International Realty

Last Buyer's Agent

Sarah Kanne

skanne@ttrsir.com TTR Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,352

Year Built

  • Built in 1935

Lot Details

  • 0.7 Acre Lot
  • 150 Feet of Waterfront
  • Home fronts navigable water
  • Sandy Beach
  • Stone Retaining Walls
  • Landscaped
  • Extensive Hardscape
  • Private Lot
  • Premium Lot
  • Sprinkler System
  • Property is in very good condition
  • Property is zoned R1

HOA Fees

  • $552 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Property Views

  • Bay
  • Golf Course

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shake Roof
  • Shingle Siding

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Wet Bar
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Fireplace Mantel
  • Window Treatments
  • Bay Window
  • French Doors
  • Six Panel Doors
  • Dining Area
  • Wood Flooring

Kitchen

  • Eat-In Gourmet Kitchen
  • Butlers Pantry
  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Connecting Stairway
  • Sump Pump

Home Security

  • Home Security System
  • Security Gate
  • Flood Lights

Outdoor Features

  • Canoe or Kayak Water Access
  • Property near a bay
  • Personal Watercraft
  • Waterski or Wakeboard
  • Sail
  • Rip-Rap
  • Swimming Allowed
  • Pond
  • Lake Privileges
  • Patio
  • Waterfall on Lot
  • Terrace

Utilities

  • Zoned Heating and Cooling
  • Radiator
  • Heating System Uses Oil
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 291
  • Assessor Parcel Number 020335006766800

Community Details

Overview

  • Association fees include management, insurance, reserve funds, trash, security gate
  • Gibson Island Corporation Community
  • Gibson Island Subdivision
  • The community has rules related to covenants

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Beach
  • Fishing Allowed
  • Jogging Path

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,352

Year Built

Built in 1935

Lot Details

0

HOA Fees

$552 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1935
  • Remarks Public: Wonderful 5BR, 5.5BA waterfront property on Chesapeake Bay w/ modern amenities and gracious floor plan/room sizes. Features stunning views of the bay, living room w/ cathedral ceiling and large fireplace, grand dining room w/ fireplace, family room adjoining kitchen, sun room overlooking bay, beautiful master suite, gourmet, table-space kitchen, 2-car, detached garage and low-maintenance grounds.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Icemaker, Microwave, Refrigerator, Oven - Wall, Range Hood, Washer
  • Interior Amenities: Kitchen - Gourmet, Dining Area, Butlers Pantry, Kitchen - Eat-In, Built-Ins, Window Treatments, Primary Bath(s), Chair Railings, Crown Moldings, Upgraded Countertops, Wet/Dry Bar, Wood Floors, Recessed Lighting, Floor Plan - Traditional
  • Window Features: Bay/Bow
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: French, Six Panel
  • Entry Location: Hall
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Sump Pump, Partial, Fully Finished
  • Living Area Units: Square Feet
  • Street Number Modifier: 525

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Brick, Shingle Siding
  • Construction Completed: No
  • Exterior Features: Extensive Hardscape, Flood Lights, Stone Retaining Walls, Underground Lawn Sprinkler, Water Falls
  • Roof: Shake
  • View: Water, Bay, Golf Course
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Sail, Swimming Allowed, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: CHESAPEAKE BAY
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 150

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage, Paved Driveway, Detached
  • Garage Features: Garage - Side Entry, Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway, Detached Garage

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned, Ceiling Fan(s)
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security Gate, Security System
  • Sewer/Septic System: Septic Exists
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 552.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Gated Community, Common Grounds, Beach, Water/Lake Privileges, Jog/Walk Path, Picnic Area, Security
  • HOA Condo Co-Op Fee Includes: Management, Insurance, Reserve Funds, Trash, Security Gate
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA Condo Co-Op Rules: Covenants
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Improvement Assessed Value: 966700.00
  • Land Assessed Value: 2166400.00
  • Lot Features: Landscaping, Premium, Private, Pond, Rip-Rapped
  • Lot Size Acres: 0.70
  • Lot Size Area: 30403
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 30403.00
  • Outdoor Living Structures: Patio(s), Terrace
  • Property Condition: Very Good
  • Year Assessed: 2014
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15224195
  • Tax Annual Amount: 33352.21
  • Assessor Parcel Number: 020335006766800
  • Tax Lot: 291
  • Tax Total Finished Sq Ft: 5260
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014
  • Close Date: 10/28/2015

Multi Family

  • Dock Slip Conveyance: None Available
  • Mean Low Water Feet: 3
  • Waterfront Features: Sandy Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 1991
Sold by
Craig John E
Bought by
Launder William J and Launder Jacqueline
Current Estimated Value
$4,756,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
9.44%
Source: Public Records

Range of Values:

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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
Launder William J $1,350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Launder William J $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2015 10/28/15 Sold $3,344,000 -7.0% $636 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
06/12/2015 06/12/15 Price Changed $3,595,000 -9.0% $683 / Sq Ft
04/10/2015 04/10/15 For Sale $3,950,000 +18.1% $751 / Sq Ft
03/03/2015 03/03/15 Off Market $3,344,000 -- --
11/12/2014 11/12/14 For Sale $3,950,000 -- $751 / 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 $47,993 $3,662,400 -- --
2024 $47,993 $3,550,100 $2,466,400 $1,083,700
2023 $45,564 $3,377,933 $0 $0
2022 $41,735 $3,205,767 $0 $0
2021 $39,499 $3,033,600 $2,166,400 $867,200
2020 $39,526 $3,033,600 $2,166,400 $867,200
2019 $39,556 $3,033,600 $2,166,400 $867,200
2018 $31,640 $3,120,300 $2,166,400 $953,900
2017 $39,810 $3,120,300 $0 $0
2016 -- $3,120,300 $0 $0
2015 -- $3,133,100 $0 $0
2014 -- $3,133,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Corey Burr

    Seller's Agent in 2015

    Corey Burr

    TTR Sotheby's International Realty

    (301) 346-3345

    242 Total Sales

    Corey Burr
    Section Image

  • S

    Seller Co-Listing Agent in 2015

    Sarah Kanne

    TTR Sotheby's International Realty

See All Agents

Map

Source: Bright MLS

MLS Number: 1003254796

Bright MLS

APN: 03-350-06766800

Maryland Anne Arundel County 21056

525 Broadwater Way, MD

This home is located at 525 Broadwater Way, Gibson Island, MD 21056 since 12 November 2014 and is currently estimated at $4,756,235, approximately $904 per square foot. This property was built in 1935. 525 Broadwater Way is a home located in Anne Arundel County with nearby schools including Bodkin Elementary School, Chesapeake Bay Middle School, and Chesapeake High School.

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