531 Runabout Loop Solomons, MD 20688
Estimated Value: $398,690 - $456,000
2
Beds
2
Baths
1,560
Sq Ft
$515/mo
HOA Fee
Highlights
- Pier or Dock
- Water Access
- Penthouse
- Home fronts navigable water
- Fitness Center
- Gated Community
About This Home
As of April 2021This top floor end unit in the gated community of Solomons Landing features 2 bedrooms, den, 2 full baths, 2 fireplaces, cathedral ceilings, deck, partial water view and water access. Community amenities include fitness room, pool, tennis courts, marina and more. RECENT RENOVATIONS: include all new appliances, hardwood flooring, custom cabinetry in kitchen and baths. All new light fixtures, planing fixtures, replaced outlets and light switches, installed recessed lights, painted all rooms, updated fire place surrounds, and closets.
Last Agent to Sell the Property
Cannon Real Estate Development License #16905 Listed on: 12/04/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,832
Year Built
- Built in 2000
Lot Details
- Home fronts navigable water
- Property is in excellent condition
HOA Fees
- $515 Monthly HOA Fees
Home Design
- Penthouse
- Contemporary Architecture
- HardiePlank Type
Interior Spaces
- 1,560 Sq Ft Home
- Property has 3 Levels
- 2 Fireplaces
- Open Floorplan
- Security Gate
- Stacked Electric Washer and Dryer
Kitchen
- Electric Oven or Range
- Range Hood
- Dishwasher
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- Parking Lot
- Assigned Parking
Accessible Home Design
- Accessible Elevator Installed
- Doors are 32 inches wide or more
- Ramp on the main level
- Entry Slope Less Than 1 Foot
Outdoor Features
- Water Access
- River Nearby
Schools
- Dowell Elementary School
- Mill Creek Middle School
- Patuxent High School
Utilities
- Forced Air Heating System
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 531
- Assessor Parcel Number 0501208918
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, lawn maintenance, management, recreation facility, reserve funds, road maintenance, security gate, snow removal, trash, underlying mortgage
- Low-Rise Condominium
- Solomons Landing Subdivision
Amenities
- Picnic Area
- Common Area
- Community Center
- Meeting Room
- Elevator
Recreation
- Pier or Dock
- Tennis Courts
- Community Playground
- Fitness Center
- Community Pool
- Jogging Path
Security
- Resident Manager or Management On Site
- Gated Community
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 4, 2020
Closed on
Apr 15, 2021
Sold by
The Betsy A Cooksey Revocable Trust
Bought by
Zehner Wendy L
Seller's Agent
Dan Cannon
Cannon Real Estate Development
Buyer's Agent
Lucia Steele
NOVA Brokers, LLC.
List Price
$375,000
Sold Price
$349,900
Premium/Discount to List
-$25,100
-6.69%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,023
Avg. Annual Appreciation
2.47%
Original Mortgage
$337,889
Outstanding Balance
$311,803
Interest Rate
3.05%
Mortgage Type
VA
Estimated Equity
$75,594
Purchase Details
Closed on
Jul 5, 2018
Sold by
Cooksey Betsy A
Bought by
Cooksey Betsy A and Betsy A Cooksey Revocable Trus
Purchase Details
Closed on
Sep 9, 2011
Sold by
Cooksey Betsy Ann
Bought by
Lewis Betsy A
Purchase Details
Closed on
Aug 30, 2011
Sold by
Cooksey Betsy Ann
Bought by
Lewis Betsy A
Purchase Details
Closed on
Sep 30, 2005
Sold by
Towne Bradford B
Bought by
Cooksey Betsy Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 13, 2004
Sold by
Oettle Kenneth B and Oettle Teresa M
Bought by
Towne Bradford B
Purchase Details
Closed on
Nov 27, 2002
Sold by
Nolan Michael E and Nolan Joanne M
Bought by
Oettle Kenneth B and Oettle Teresa M
Similar Homes in Solomons, MD
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zehner Wendy L | $349,900 | Liberty Title And Escrow Co | |
| Cooksey Betsy A | -- | None Available | |
| Cooksey Betsy A | -- | None Available | |
| Lewis Betsy A | -- | -- | |
| Lewis Betsy A | -- | None Available | |
| Lewis Betsy A | -- | -- | |
| Cooksey Betsy Ann | $335,000 | -- | |
| Cooksey Betsy Ann | $335,000 | None Available | |
| Towne Bradford B | $260,500 | -- | |
| Oettle Kenneth B | $230,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zehner Wendy L | $337,889 | |
| Previous Owner | Cooksey Betsy Ann | $135,000 | |
| Closed | Oettle Kenneth B | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2021 04/15/21 | Sold | $349,900 | 0.0% | $224 / Sq Ft |
| 01/30/2021 01/30/21 | Pending | -- | -- | -- |
| 01/13/2021 01/13/21 | Price Changed | $349,900 | -6.7% | $224 / Sq Ft |
| 12/04/2020 12/04/20 | For Sale | $375,000 | 0.0% | $240 / Sq Ft |
| 04/28/2013 04/28/13 | Rented | $1,850 | +5.7% | -- |
| 04/28/2013 04/28/13 | Under Contract | -- | -- | -- |
| 04/06/2013 04/06/13 | For Rent | $1,750 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,911 | $255,200 | $0 | $0 |
| 2023 | $2,564 | $232,000 | $60,000 | $172,000 |
| 2022 | $2,561 | $232,000 | $60,000 | $172,000 |
| 2021 | $5,123 | $232,000 | $60,000 | $172,000 |
| 2020 | $2,567 | $232,000 | $60,000 | $172,000 |
| 2019 | $2,434 | $232,000 | $60,000 | $172,000 |
| 2018 | $2,434 | $232,000 | $60,000 | $172,000 |
| 2017 | $2,591 | $232,000 | $0 | $0 |
| 2016 | -- | $232,000 | $0 | $0 |
| 2015 | $3,025 | $232,000 | $0 | $0 |
| 2014 | $3,025 | $232,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Cannon
Seller's Agent in 2021
Dan Cannon
Cannon Real Estate Development
(410) 610-7728
7 in this area
8 Total Sales
-
Lucia Steele
Buyer's Agent in 2021
Lucia Steele
NOVA Brokers, LLC.
(410) 320-3824
1 in this area
21 Total Sales
Map
Source: Bright MLS
MLS Number: MDCA180136
APN: 01-208918
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