NOT LISTED FOR SALE

605 Prospect Bay Dr E Grasonville, MD 21638

Estimated Value: $575,000 - $1,721,455

1 Bed
1 Bath
800 Sq Ft
$1,734/Sq Ft Est. Value

Highlights

  • Home fronts navigable water
  • Water Access
  • Creek or Stream View
  • Grasonville Elementary School Rated A-
  • Open Floorplan
  • Main Floor Bedroom

About This Home

As of July 2021

Guest house cottage on 5 acre property in Prospect Bay. Beautiful views of Greenwood Creek. 1 bedroom, 1 bath, with full size washer and dryer. All utilities included. Kitchen remodeled with downdraft electric range. All new floors.

Last Agent to Rent the Property

Cindy Jacobs

(410) 451-3300 admin@mdresmgmt.com Maryland Residential Management Co License #79671 Listed on: 06/15/2021

Last Renter's Agent

Jessica Thomas

(410) 643-5005 info@watermanrealty.com Coldwell Banker Waterman Realty License #5006389

Coldwell Banker Waterman Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 5.01 Acre Lot
  • Home fronts navigable water
  • Creek or Stream
  • North Facing Home
  • Property is in very good condition

Parking

  • Gravel Driveway

Home Design

  • Cottage

Interior Spaces

  • 800 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Combination Dining and Living Room
  • Creek or Stream Views

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Down Draft Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater
  • On Site Septic

Additional Features

  • Water Access
  • Property is near creek

Community Details

  • No Home Owners Association
  • Prospect Bay Subdivision

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,500
  • The owner pays for all utilities
  • Rent includes electricity
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 8/1/21
  • $40 Application Fee
  • Assessor Parcel Number 05-022282

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0

Rental Info

  • Date Available: 2021-08-01
  • Application Fee: 40.00
  • Lease Term: 12 Months
  • Owner Pays: All Utilities
  • Pet Deposit: 500.00
  • Pets: Case By Case Basis, Pet Addendum/Deposit, Breed Restrictions
  • Pets Allowed: Yes
  • Rent Includes: Electricity
  • Security Deposit: 1500.00
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Architectural Style: Cottage
  • New Construction: No
  • Story List: Main
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Washer, Dryer - Electric, Dishwasher, Cooktop - Down Draft
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Galley
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Kitchen, Bathroom 1
  • Basement: No
  • Total Sq Ft: 800
  • Living Area Sq Ft: 800
  • Price Per Sq Ft: 1.88
  • Above Grade Finished Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Road Surface Type: Gravel
  • View: Creek/Stream
  • Water Access: Yes
  • Water Body Name: Greenwood Creek
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: GRASONVILLE
  • High School: KENT ISLAND
  • Middle Or Junior School: STEVENSVILLE

Lot Info

  • Lot Size Acres: 5.01
  • Lot Dimensions: x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 218235.60
  • Property Condition: Very Good
  • Zoning: RES

Tax Info

  • Assessor Parcel Number: 4529951
  • Assessor Parcel Number: 05-022282

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2001
Sold by
Arntz Michael L
Bought by
Martin Garrett A and Martin Virginia A
Current Estimated Value
$1,276,477

Purchase Details

Closed on
Jun 3, 1991
Sold by
Cooper Robert H and Cooper Marilyn J
Bought by
Trapasso Frank and Trapasso Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
9.45%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Martin Garrett A $597,000 --
Trapasso Frank $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trapasso Frank $292,000
Closed Martin Garrett A --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2021 07/02/21 Rented $1,500 0.0% --
06/30/2021 06/30/21 Under Contract -- -- --
06/15/2021 06/15/21 For Rent $1,500 +11.1% --
04/17/2019 04/17/19 Rented $1,350 0.0% --
04/15/2019 04/15/19 Under Contract -- -- --
03/25/2019 03/25/19 For Rent $1,350 -- --
Source: Bright MLS

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 $9,988 $1,075,767 $0 $0
2024 $9,461 $991,600 $550,000 $441,600
2023 $9,288 $986,033 $0 $0
2022 $9,083 $980,467 $0 $0
2021 $18,941 $974,900 $550,000 $424,900
2020 $9,083 $934,567 $0 $0
2019 $8,697 $894,233 $0 $0
2018 $8,310 $853,900 $550,100 $303,800
2017 $8,310 $853,900 $0 $0
2016 -- $853,900 $0 $0
2015 $3,950 $859,100 $0 $0
2014 $3,950 $842,333 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Landlord's Agent in 2021

    Cindy Jacobs

    Maryland Residential Management Co

    18 Total Sales

    Cindy Jacobs
    Section Image

  • J

    Tenant's Agent in 2021

    Jessica Thomas

    Coldwell Banker Waterman Realty

    (443) 988-1479

    10 Total Sales

    Jessica Thomas
    Section Image
  • Suzanne Hitt

    Buyer's Agent in 2019

    Suzanne Hitt

    Coldwell Banker Waterman Realty

    (410) 490-2027

    32 Total Sales

    Suzanne Hitt
    Section Image
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Map

Source: Bright MLS

MLS Number: MDQA2000020

Bright MLS

APN: 05-022282

Maryland Queen Annes County Grasonville 21638

605 Prospect Bay Dr E, Grasonville, MD

Not Listed for Sale

Detached

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