NOT LISTED FOR SALE

622 Runabout Loop Solomons, MD 20688

Estimated Value: $335,000 - $609,000

3 Beds
2 Baths
1,835 Sq Ft
$930/mo HOA Fee

Last Sold April 28, 2014

Last sale price $380,000 $207 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,969/month

49 Days on Market

Highlights

  • Water Views
  • Water Access
  • Open Floorplan
  • Home fronts navigable water
  • Private Pool
  • Clubhouse

About This Home

As of April 2014

Rare find! The Overlook Bldg., Exceptional Water Views. 2nd floor, full of windows, light, open kitchen with cherry cabinets, island & updates.. Living, dining, kitchen & especially master bedroom best water views on property. This is The St Michaels model,one of SL's most desired. Both kitchen & dining room access wrap around deck. Built ins remain; 3rd BR used as office. Be first to see!

Last Agent to Sell the Property

Annette Winters

annette@annettewinters.net Berkshire Hathaway HomeServices McNelis Group Properties License #MRIS:3005584 Listed on: 01/22/2014

Co-Listed By

James Alvey

jandmalvey@comcast.net Berkshire Hathaway HomeServices McNelis Group Properties License #MRIS:3008192

Last Buyer's Agent

Barbara Raley

(301) 904-2172 barbara.raley@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,396

Year Built

  • Built in 2001

Lot Details

  • Home fronts navigable water
  • Property is in very good condition

HOA Fees

Parking

  • 1 Assigned Parking Space

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,835 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Ceiling height of 9 feet or more
  • 1 Fireplace
  • Window Treatments
  • Entrance Foyer
  • Combination Dining and Living Room
  • Water Views
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Private Pool
  • Water Access
  • 6 Powered Boats Permitted
  • 6 Non-Powered Boats Permitted

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 622
  • Assessor Parcel Number 0501209051

Community Details

Overview

  • Association fees include exterior building maintenance
  • Low-Rise Condominium
  • St. Michaels
  • Solomons Landing Community
  • The community has rules related to commercial vehicles not allowed

Additional Features

  • Clubhouse
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,396

Year Built

Built in 2001

Lot Details

0

HOA Fees

$930 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Interior Amenities: Kitchen - Island, Kitchen - Table Space, Combination Dining/Living, Master Bath(s), Built-Ins, Upgraded Countertops, Elevator, Entry Level Bedroom, Window Treatments, Whirlpool/Hottub, Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Room List: Foyer, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1835
  • Living Area Sq Ft: 1835
  • Price Per Sq Ft: 212.48
  • Above Grade Finished Sq Ft: 1835
  • Above Grade Finished Area Units: Square Feet

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
  • Construction Materials: Wood Siding
  • Dock Type: Multiple Slip
  • Construction Completed: No
  • Roof: Composite
  • View: Water
  • Water Access: Yes
  • Water Body Name: BACK CREEK
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned

Utilities

  • Refuse: 117.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security Gate, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 465.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 465.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Club House
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint
  • HOA Condo Co-Op Management Type: Professional - On-Site, Professional - Off-Site
  • HOA Condo Co-Op Rules: Commercial Vehicles Prohibited
  • HOA: Yes

Lot Info

  • Improvement Assessed Value: 205900.00
  • Land Assessed Value: 120700.00
  • Property Condition: Very Good
  • Zoning: R

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14975272
  • Tax Annual Amount: 3396.06
  • Assessor Parcel Number: 0501209051
  • Tax Lot: 622
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013

Multi Family

  • Dock Slip Conveyance: None Available

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2014
Closed on
Apr 28, 2014
Sold by
Alvey James T and Alvey Margaret J
Bought by
Causey Eugene W and Causey Marye E
Seller's Agent
Annette Winters
Berkshire Hathaway HomeServices McNelis Group Properties
Buyer's Agent
Barbara Raley
Berkshire Hathaway HomeServices PenFed Realty
List Price
$389,900
Sold Price
$380,000
Premium/Discount to List
-$9,900
-2.54%
Current Estimated Value
$507,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,155
Avg. Annual Appreciation
2.49%
Original Mortgage
$380,000
Outstanding Balance
$285,987
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$221,168

Purchase Details

Closed on
Jun 17, 2002
Sold by
Solomons Homes & Marina Llc
Bought by
Alvey James T and Alvey Margaret J
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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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
Causey Eugene W $380,000 None Available
Alvey James T $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Causey Eugene W $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2014 04/28/14 Sold $380,000 -2.5% $207 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
01/22/2014 01/22/14 For Sale $389,900 -- $212 / 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 $4,641 $415,100 $0 $0
2024 $4,262 $380,500 $0 $0
2023 $3,594 $345,900 $140,000 $205,900
2022 $3,745 $345,900 $140,000 $205,900
2021 $3,756 $345,900 $140,000 $205,900
2020 $3,756 $345,900 $140,000 $205,900
2019 $3,770 $345,900 $140,000 $205,900
2018 $3,757 $345,900 $140,000 $205,900
2017 $3,806 $345,900 $0 $0
2016 -- $339,467 $0 $0
2015 $4,731 $333,033 $0 $0
2014 $4,731 $326,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002802856

Bright MLS

APN: 01-209051