NOT LISTED FOR SALE

55 Prospect Bay Dr W Grasonville, MD 21638

Estimated Value: $1,074,138 - $1,255,000

3 Beds
2 Baths
2,616 Sq Ft
$431/Sq Ft Est. Value

Last Sold May 20, 2020

Last sale price $779,900 $298 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,173/month

7 Days on Market

Highlights

  • 132 Feet of Waterfront
  • Marina
  • 5 Dock Slips
  • Grasonville Elementary School Rated A-
  • Boat Ramp
  • Pier

About This Home

As of May 2020

Waterfront, panoramic Eastern Bay views and easy one-level lifestyle on private cove with nature preserve setting and unforgettable sunsets. Open, spacious design with living, dining, and newly added family room, large-screened porch, and two decks linking indoors to outdoors all great for enjoying and entertaining. Cathedral ceilings and skylights soak in natural light and warmth from east-west exposure, two fireplaces (living and family rooms), rich hardwoods in living, dining, kitchen, family, master suite and study. Desirable split-bedroom design with master suite and guest room wings. Boat, crab, fish, canoe, or kayak from your backyard with the golf course right across the street. Relax while listening to the ebb and flow of the tides while watching the abundant wildlife from eagles and herons to deer and fox. Family and friends often comment must be the best lot in Prospect Bay. The lifetime architectural-shingle roof, solar panels, recently replaced HVAC, Anderson windows, and water heater keep the utility bills low. The list of recent improvements and upgrades is impressive. Homeowner Warranty included.

Last Agent to Sell the Property

Sylvia Coulter

Long & Foster Real Estate, Inc. License #508613 Listed on: 03/07/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Susanne Kneeland

Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,002

Year Built

  • Built in 1986

Lot Details

  • 1.09 Acre Lot
  • 132 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Landscaped
  • Open Lot
  • Partially Wooded Lot
  • Back and Front Yard
  • Property is in very good condition
  • Property is zoned NC-1

HOA Fees

  • $430 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Bay
  • Panoramic

Home Design

  • Contemporary Architecture
  • Raised Ranch Architecture
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,616 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • 2 Fireplaces
  • Heatilator
  • Self Contained Fireplace Unit Or Insert
  • Brick Fireplace
  • Gas Fireplace
  • Window Screens
  • Double Door Entry
  • Sliding Doors
  • Mud Room
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Screened Porch
  • Crawl Space
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Country Kitchen
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity
  • Solar Power System
  • Cooling system powered by solar connected to the grid
  • Solar Heating System

Outdoor Features

  • Pier
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Boat Ramp
  • 5 Dock Slips
  • Physical Dock Slip Conveys
  • Dock made with Composite Material
  • 6 Powered Boats Permitted
  • 6 Non-Powered Boats Permitted
  • Deck
  • Screened Patio
  • Outbuilding

Schools

  • Grasonville Elementary School
  • Stevensville Middle School
  • Kent Island High School

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Electric Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 93
  • Assessor Parcel Number 1805028434

Community Details

Overview

  • Association fees include common area maintenance, pier/dock maintenance, pool(s), recreation facility
  • Prospect Plantation West HOA, Phone Number (410) 827-6950
  • Prospect Bay Subdivision

Amenities

  • Clubhouse
  • Meeting Room
  • Party Room
  • Bar or Lounge

Recreation

  • Boat Ramp
  • 41 Community Slips
  • 41 Community Docks
  • Marina
  • Golf Club
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing Allowed
  • Putting Green

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,002

Year Built

Built in 1986

Lot Details

0

HOA Fees

$430 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary, Raised Ranch/Rambler
  • Ownership: Fee Simple
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1986
  • Remarks Public: Waterfront, panoramic Eastern Bay views and easy one-level lifestyle on private cove with nature preserve setting and unforgettable sunsets. Open, spacious design with living, dining, and newly added family room, large-screened porch, and two decks linking indoors to outdoors all great for enjoying and entertaining. Cathedral ceilings and skylights soak in natural light and warmth from east-west exposure, two fireplaces (living and family rooms), rich hardwoods in living, dining, kitchen, family, master suite and study. Desirable split-bedroom design with master suite and guest room wings. Boat, crab, fish, canoe, or kayak from your backyard with the golf course right across the street. Relax while listening to the ebb and flow of the tides while watching the abundant wildlife from eagles and herons to deer and fox. Family and friends often comment must be the best lot in Prospect Bay. The lifetime architectural-shingle roof, solar panels, recently replaced HVAC, Anderson windows, and water heater keep the utility bills low. The list of recent improvements and upgrades is impressive. Homeowner Warranty included.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven - Self Cleaning, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Hardwood, Carpet, Tile/Brick
  • Interior Amenities: Attic, Built-Ins, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Country, Primary Bath(s), Recessed Lighting, Skylight(s), Tub Shower, Walk-In Closet(s), Wood Floors
  • Window Features: Energy Efficient, Low-E, Screens, Skylights
  • Fireplace Features: Brick, Gas/Propane, Insert, Heatilator
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Double Entry, Sliding Glass
  • Wall Ceiling Types: Cathedral Ceilings
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Den, Mud Room, Bathroom 2, Primary Bathroom, Screened Porch
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2616
  • Living Area Sq Ft: 2616
  • Price Per Sq Ft: 298.13
  • Above Grade Finished Sq Ft: 2616
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 55

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Wood Siding
  • Exterior Features: Outbuilding(s)
  • Roof: Architectural Shingle
  • Spa: No
  • View: Bay, Panoramic
  • Water Access Features: Canoe/Kayak, Boat - Powered, Fishing Allowed, Private Access
  • Water Access: Yes
  • Water Body Name: Prospect Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 132

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Circular Driveway, Asphalt Driveway
  • Garage Features: Garage - Side Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Solar Photovoltaic
  • Cooling Type: Central A/C, Ceiling Fan(s), Heat Pump(s), Solar On Grid
  • Heating Fuel: Electric, Solar
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Propane
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 430.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Bar/Lounge, Boat Ramp, Club House, Golf Club, Golf Course, Marina/Marina Club, Meeting Room, Party Room, Pool - Outdoor, Putting Green, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pier/Dock Maintenance, Pool(s), Recreation Facility
  • HOA Name: PROSPECT PLANTATION WEST
  • HOA Phone: 410-827-6950
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
  • Elementary School: GRASONVILLE
  • Middle School: STEVENSVILLE
  • High School: KENT ISLAND
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121137777627
  • School District Source: 3rd Party
  • Elementary School: GRASONVILLE
  • High School: KENT ISLAND
  • Middle Or Junior School: STEVENSVILLE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 263600.00
  • Land Assessed Value: 362200.00
  • Land Use Code: 110
  • Lot Features: Front Yard, Landscaping, Open, Partly Wooded, Rear Yard
  • Lot Size Acres: 1.09
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 47480.00
  • Outdoor Living Structures: Deck(s), Screened, Porch(es)
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: NC-1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 4530468
  • Tax Annual Amount: 6002.00
  • Assessor Parcel Number: 1805028434
  • Tax Lot: 93
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 05/20/2020

Multi Family

  • Mean Low Water Feet: 2
  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2020
Closed on
May 20, 2020
Sold by
Coulter James B and Coulter Sylvia M
Bought by
Rice John Matthews and Stohlman Barbara
Seller's Agent
Sylvia Coulter
Long & Foster Real Estate, Inc.
Buyer's Agent
Susanne Kneeland
Long & Foster Real Estate, Inc.
List Price
$779,900
Sold Price
$779,900
Total Days on Market
7
Current Estimated Value
$1,127,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,885
Avg. Annual Appreciation
5.16%
Original Mortgage
$510,400
Outstanding Balance
$460,120
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$556,370

Purchase Details

Closed on
Jun 16, 2010
Sold by
Farley James E and Carol Farley M
Bought by
Coulter James B and Coulter Sylvia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 1982
Sold by
M C D Enterprises, Inc
Bought by
Farley James E and Farley Carol M
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
Rice John Matthews $779,900 Sage Title Group Llc
Coulter James B $670,000 --
Farley James E $28,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rice John Matthews $510,400
Previous Owner Coulter James B $497,000
Previous Owner Coulter James B $536,000
Closed Coulter James B --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2020 05/20/20 Sold $779,900 0.0% $298 / Sq Ft
03/14/2020 03/14/20 Pending -- -- --
03/14/2020 03/14/20 Off Market $779,900 -- --
03/07/2020 03/07/20 For Sale $779,900 -- $298 / 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 $7,180 $802,533 $0 $0
2024 $7,180 $762,200 $452,200 $310,000
2023 $6,752 $716,733 $0 $0
2022 $6,323 $671,267 $0 $0
2021 $6,002 $625,800 $362,200 $263,600
2020 $6,002 $625,800 $362,200 $263,600
2019 $6,002 $625,800 $362,200 $263,600
2018 $6,034 $629,100 $339,100 $290,000
2017 $6,034 $629,100 $0 $0
2016 -- $629,100 $0 $0
2015 $3,417 $647,700 $0 $0
2014 $3,417 $647,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA143268

Bright MLS

APN: 05-028434