NOT LISTED FOR SALE

605 Prospect Bay Dr E Grasonville, MD 21638

Estimated Value: $294,000 - $1,582,318

1 Bed
1 Bath
800 Sq Ft
$1,535/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

Maryland Residential Management Co License #79671 Listed on: 06/15/2021

Last Renter's Agent

Jessica Thomas

Coldwell Banker Waterman Realty License #5006389

Coldwell Banker Waterman Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,461

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
  • En-Suite Primary 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 a 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

Est. Annual Taxes

$9,461

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
  • Remarks Public: 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.
  • 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
  • Street Number Modifier: 605

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

  • 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

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
  • Close Date: 07/02/2021

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
$1,228,330

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:

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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
Martin Garrett A $597,000 --
Trapasso Frank $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Garrett A $470,000
Closed Martin Garrett A $475,000
Closed Martin Garrett A $482,200
Closed Martin Garrett A $494,500
Closed Martin Garrett A $50,000
Closed Martin Garrett A $15,000
Previous Owner Trapasso Frank $292,000
Closed Martin Garrett A --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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 $9,461 $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

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Map

Source: Bright MLS

MLS Number: MDQA2000020

Bright MLS

APN: 05-022282