NOT LISTED FOR SALE

602 Falls Lake Dr Bowie, MD 20721

Estimated Value: $564,388 - $648,000

4 Beds
3.5 Baths
2,056 Sq Ft
$300/Sq Ft Est. Value

Last Sold January 31, 2014

Last sale price $345,000 $168 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,748/month

75 Days on Market

Highlights

  • 0.22 Acre Lot
  • Backs to Trees or Woods
  • Home Gym
  • Colonial Architecture
  • 1 Fireplace
  • 3-minute walk to Arbor Park

About This Home

As of January 2014

Come see this pristine colonial on a quiet cul-de-sac in beautiful Lake Arbor. Four bedrooms and 3 1/2 baths and many special touches and upgrades. Newly finished basement with all ceramic full bath. Hardwood floors on first floor, new carpeting upstairs in the 4 spacious bedrooms.

Last Agent to Sell the Property

Rosa Grillo

(301) 495-7788 rosa@grillo.info Royal Dominion Realty Listed on: 11/01/2013

Last Buyer's Agent

Fidelis Fatusin

(301) 325-2084 omoshola.fatusin@longandfoster.com Samson Properties

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,353

Year Built

  • Built in 1996

Lot Details

  • 9,435 Sq Ft Lot
  • Cul-De-Sac
  • Backs to Trees or Woods
  • Property is in very good condition
  • Property is zoned RS

HOA Fees

  • $39 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Dining Area
  • Home Gym
  • Finished Basement
  • Rear Basement Entry

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3.5 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater
  • Public Septic

Community Details

  • $11 Other Monthly Fees
  • Built by NVR HOMES

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 17132822179
  • $446 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,353

Year Built

Built in 1996

Lot Details

0

HOA Fees

$39 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Island, Dining Area, Kitchen - Eat-In, Breakfast Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Center Hall
  • Levels Count: 3+
  • Room List: Exercise Room
  • Basement: Yes
  • Basement Type: Rear Entrance, Fully Finished
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Combination, Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Attached Garage

Utilities

  • Refuse: 21.51
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 39.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes

Fee Information

  • Front Foot Fee Pymt Freq: Annually
  • Other Fees: 131.00
  • Other Fees Frequency: Annually

Lot Info

  • Improvement Assessed Value: 177600.00
  • Land Assessed Value: 70500.00
  • Lot Features: Cul-De-Sac, Backs To Trees
  • Lot Size Acres: 0.22
  • Lot Size Area: 9435
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9435.00
  • Property Condition: Very Good
  • Zoning: RS

Building Info

  • Builder Name: NVR HOMES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14586368
  • Tax Annual Amount: 4352.53
  • Assessor Parcel Number: 17132822179
  • Tax Lot: 19
  • Tax Page Number: 489
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012

Multi Family

  • Front Foot Fee: 445.90

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2013
Closed on
Jan 31, 2014
Sold by
Mackey Vivian L
Bought by
Akinkouto Olanrewuju E
Seller's Agent
Rosa Grillo
Royal Dominion Realty
Buyer's Agent
Fidelis Fatusin
Samson Properties
List Price
$348,000
Sold Price
$345,000
Premium/Discount to List
-$3,000
-0.86%
Current Estimated Value
$615,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,847
Avg. Annual Appreciation
5.02%
Original Mortgage
$388,751
Outstanding Balance
$294,943
Interest Rate
4.52%
Mortgage Type
FHA
Estimated Equity
$320,904

Purchase Details

Closed on
Aug 12, 1996
Sold by
Nvr Homes Inc
Bought by
Mackey Vivian L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Akinkouto Olanrewuju E $345,000 Sage Title Group Llc
Mackey Vivian L $198,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akinkouto Olanrewuju E $388,751
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2014 01/31/14 Sold $345,000 -0.9% $168 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $348,000 0.0% $169 / Sq Ft
11/30/2013 11/30/13 Pending -- -- --
11/22/2013 11/22/13 For Sale $348,000 0.0% $169 / Sq Ft
11/16/2013 11/16/13 Pending -- -- --
11/12/2013 11/12/13 For Sale $348,000 0.0% $169 / Sq Ft
11/07/2013 11/07/13 Pending -- -- --
11/03/2013 11/03/13 Price Changed $348,000 +3.0% $169 / Sq Ft
11/01/2013 11/01/13 For Sale $338,000 -- $164 / 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 $5,588 $449,867 -- --
2024 $5,588 $421,333 $0 $0
2023 $5,357 $392,800 $101,000 $291,800
2022 $5,174 $385,067 $0 $0
2021 $4,998 $377,333 $0 $0
2020 $4,933 $369,600 $70,500 $299,100
2019 $4,809 $355,167 $0 $0
2018 $5,107 $340,733 $0 $0
2017 $4,985 $326,300 $0 $0
2016 -- $300,233 $0 $0
2015 $5,071 $274,167 $0 $0
2014 $5,071 $248,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003743896

Bright MLS

APN: 13-2822179