NOT LISTED FOR SALE

591 Lake Dr Lusby, MD 20657

Estimated Value: $440,000 - $477,151

4 Beds
2 Baths
2,028 Sq Ft
$230/Sq Ft Est. Value

Last Sold May 08, 2015

Last sale price $245,000 $121 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $2,792/month

431 Days on Market

Highlights

  • Water Views
  • Water Access
  • Open Floorplan
  • Home fronts navigable water
  • Boat Ramp
  • Colonial Architecture

About This Home

As of May 2015

Enjoy laying on the beach, just one of the wonderful amenities with purchasing this great investment. Septic to be replaced prior to close by seller! Unique floor plan of 2 B/R's & 1 full bath, family room, kitchen and dining room. Fireplace, balcony, stunning views of the Chesapeake Bay, level lot, fenced rear yard, shed, boat ramp included in HOA's!

Last Agent to Sell the Property

Veronica Kolterjahn

(301) 672-0840 kolterjahnveronica@gmail.com CENTURY 21 New Millennium Listed on: 11/21/2013

CENTURY 21 New Millennium

Last Buyer's Agent

Leann Nagi

(443) 532-5254 mymdrealtor@outlook.com RE/MAX Realty Group

RE/MAX Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,103

Year Built

  • Built in 1981

Lot Details

  • 0.32 Acre Lot
  • Home fronts navigable water
  • Back Yard Fenced
  • The property's topography is level
  • Property is in very good condition

HOA Fees

  • $2 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2,028 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace With Glass Doors
  • Screen For Fireplace
  • Fireplace Mantel
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Water Views
  • Storm Doors
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Outdoor Features

  • Water Access
  • Property near a bay
  • Boat Ramp
  • Deck
  • Shed

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Drum Point Subdivision

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 0501070576

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,103

Year Built

Built in 1981

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1981
  • Remarks Public: Enjoy laying on the beach, just one of the wonderful amenities with purchasing this great investment. Septic to be replaced prior to close by seller! Unique floor plan of 2 B/R's & 1 full bath, family room, kitchen and dining room. Fireplace, balcony, stunning views of the Chesapeake Bay, level lot, fenced rear yard, shed, boat ramp included in HOA's!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Exhaust Fan, Oven/Range - Electric, Range Hood, Washer/Dryer Stacked
  • Interior Amenities: Kitchen - Table Space, Combination Dining/Living, Kitchen - Eat-In, Window Treatments, Entry Level Bedroom, Primary Bath(s), Recessed Lighting, Floor Plan - Open
  • Fireplace Features: Fireplace - Glass Doors, Mantel(s), Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm, Sliding Glass
  • Wall Ceiling Types: Cathedral Ceilings, Dry Wall
  • Entry Location: Living Room
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2028
  • Living Area Sq Ft: 2028
  • Price Per Sq Ft: 123.27
  • Above Grade Finished Sq Ft: 2028
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 591

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding
  • Dock Type: Ramp
  • Construction Completed: No
  • View: 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: Off Street

Utilities

  • Refuse: 117.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Utilities: Cable Tv Available
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 25.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Fencing: Rear
  • Lot Size Acres: 0.32
  • Lot Size Area: 14070
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14070.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Topography: Level
  • Year Assessed: 2013
  • Zoning: R

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3102.90
  • Assessor Parcel Number: 0501070576
  • Tax Lot: 25
  • Tax Total Finished Sq Ft: 2028
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013
  • Close Date: 05/08/2015

Multi Family

  • Dock Slip Conveyance: None Available
  • Mean Low Water Feet: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2013
Closed on
May 8, 2015
Sold by
Froman Juanita J
Bought by
Culley Justin B and Culley Crystal L
Seller's Agent
Veronica Kolterjahn
CENTURY 21 New Millennium
Buyer's Agent
Leann Nagi
RE/MAX Realty Group
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Current Estimated Value
$467,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,038
Avg. Annual Appreciation
6.35%
Original Mortgage
$240,562
Outstanding Balance
$184,102
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$282,936

Purchase Details

Closed on
Oct 28, 2013
Sold by
Froman Juanita J
Bought by
Ballard Richard F and Ballard Patricia C
Source: Public Records

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
Culley Justin B $245,000 Titlemax Llc
Ballard Richard F $7,280 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Culley Justin B $240,562
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2015 05/08/15 Sold $245,000 -2.0% $121 / Sq Ft
01/26/2015 01/26/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $250,000 +2.0% $123 / Sq Ft
01/01/2015 01/01/15 Off Market $245,000 -- --
11/17/2014 11/17/14 Price Changed $250,000 -10.7% $123 / Sq Ft
08/15/2014 08/15/14 Price Changed $279,900 +0.3% $138 / Sq Ft
08/15/2014 08/15/14 Price Changed $279,000 -6.7% $138 / Sq Ft
02/12/2014 02/12/14 Price Changed $299,000 -1.9% $147 / Sq Ft
01/21/2014 01/21/14 Price Changed $304,900 +2.0% $150 / Sq Ft
01/18/2014 01/18/14 Price Changed $299,000 -9.4% $147 / Sq Ft
11/21/2013 11/21/13 For Sale $329,900 -- $163 / 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 $4,002 $353,200 $0 $0
2024 $4,002 $334,600 $0 $0
2023 $3,672 $316,000 $147,300 $168,700
2022 $3,229 $310,767 $0 $0
2021 $3,395 $302,633 $0 $0
2020 $3,395 $294,500 $150,200 $144,300
2019 $5,879 $294,200 $0 $0
2018 $3,387 $293,900 $0 $0
2017 $3,425 $293,600 $0 $0
2016 -- $293,600 $0 $0
2015 $3,138 $293,600 $0 $0
2014 $3,138 $296,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003772992

Bright MLS

APN: 01-070576