
640 Magothy Rd Gibson Island, MD 21056
Highlights
- Beach
- Newspaper Service
- Panoramic View
- 24-Hour Security
- Water Oriented
- Gated Community
About This Home
As of October 2020Welcome to glorious sunsets and spectacular Magothy River views! Located up a long, winding driveway on an extremely private, 2.26-acre lot, this contemporary cedar exterior house built in 1989 offers an open floor plan with wood ceilings and exposed wood beams with extensive use of glass. It has loads of sunlight and wonderful views of the Magothy River, the southwestern sky, and beyond spectacular sunsets! Features include 4 bedrooms, 2.5 baths, a great room with a soaring wood ceiling with exposed wood beams, a wood burning fireplace, an expansive master bedroom suite, an open, table-space kitchen, screened porch, a finished lower level with wood stove, an oversized, 2-car, attached garage, pretty landscaping with hardscaped terrace, a fish pond and waterfall, a secluded sitting area on a bluff overlooking the Magothy River, and 200 of bulkheaded waterfront.The floor plan enables large gatherings with the spacious great room opening to the screened porch, along with wrap-around decking accessed from the great room overlooking the pretty gardens and Magothy River. The kitchen opens to both the great room and screened porch and has close access to the garage and lower level. It includes a work island, KitchenAid appliances, and a desk area. There is a laundry room and half bath on the main level. Overlooking the Magothy, the main level master bedroom has its own walk-out deck, a spacious walk-in closet, an additional closet, a master bath with an oversized whirlpool tub, shower, and two separate vanity areas with sinks.There is a staircase on either side of the main level accessing the lower level where there are three bedrooms, a full bath, and a large L shaped family room with built in bookcases and wood stove. Glass sliders open to the patio with a fishpond and waterfall. There is an oversized two car garage with tall ceilings which could accommodate a second level for cars. Information on Gibson Island--A private island within one hour of Washington, D.C., and Baltimore; absolutely extraordinary setting - 1000 acres with seven miles of shoreline, two thirds of land undeveloped and owned by the Gibson Island Corporation, one third residential home sites, no need to cross the Bay Bridge - located on Western Shore of Maryland, 43-acre spring fed fresh water lake, enormous privacy and security--entry gatehouse staffed 24+Hours and Gibson Island Police Force (GIPD),Gibson Island Corporation Service Department for homeowners offering yard maintenance and landscaping and other services, full service yacht yard, 20 minute drive to BWI, airport and train station, private country club (membership by invitation) offering yachting, fine dining year-round, tennis, award-winning Charles Blair Macdonald designed 9-hole golf course, swimming, croquet, skeet shooting, and more, private tours by appointment. (C) Gibson Island Corporation, all rights reserved.
Last Agent to Sell the Property
Gibson Island Real Estate INC License #651972 Listed on: 08/09/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $27,959
Year Built
- Built in 1989
Lot Details
- 2.26 Acre Lot
- Southwest Facing Home
- Stone Retaining Walls
- Landscaped
- Extensive Hardscape
- Private Lot
- Premium Lot
- Sloped Lot
- Partially Wooded Lot
- Backs to Trees or Woods
- Back and Front Yard
- Property is in very good condition
- Property is zoned R1
HOA Fees
- $690 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Oversized Parking
- Front Facing Garage
- Garage Door Opener
- Gravel Driveway
Property Views
- River
- Pond
- Panoramic
- Scenic Vista
- Woods
- Garden
Home Design
- Contemporary Architecture
- Shingle Roof
- Asphalt Roof
- Wood Siding
- Cedar
Interior Spaces
- 3,630 Sq Ft Home
- Property has 2 Levels
- Dual Staircase
- Built-In Features
- Beamed Ceilings
- Wood Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Recessed Lighting
- 2 Fireplaces
- Wood Burning Stove
- Screen For Fireplace
- Fireplace Mantel
- Casement Windows
- Sliding Doors
- Entrance Foyer
- Great Room
- Family Room
- Combination Dining and Living Room
- Screened Porch
- Utility Room
- Security Gate
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Built-In Double Oven
- Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Instant Hot Water
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- Soaking Tub
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Water Oriented
- River Nearby
- Bulkhead
- Pond
- Stream or River on Lot
- Lake Privileges
- Balcony
- Deck
- Screened Patio
- Waterfall on Lot
- Terrace
- Exterior Lighting
Schools
- Bodkin Elementary School
- Chesapeake Bay Middle School
- Chesapeake High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- 60 Gallon+ Electric Water Heater
- On Site Septic
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 020335012162150
Community Details
Overview
- Association fees include common area maintenance, security gate, trash
- Gibson Island Corporation HOA, Phone Number (410) 255-1414
- Gibson Island Subdivision
- Community Lake
Amenities
- Newspaper Service
- Picnic Area
- Common Area
Recreation
- Beach
- Recreational Area
- Jogging Path
- Bike Trail
Security
- 24-Hour Security
- Gated Community
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Similar Homes in Gibson Island, MD
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | $2,435,000 | Atlantic Title & Escrow Co | |
Interfamily Deed Transfer | -- | None Available | |
Deed | $1,250,000 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $1,439,065 | New Conventional | |
Closed | $750,000 | New Conventional | |
Previous Owner | $170,000 | Credit Line Revolving | |
Closed | -- | No Value Available |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
10/07/2020 10/07/20 | Sold | $2,435,000 | -2.4% | $671 / Sq Ft |
08/09/2020 08/09/20 | Pending | -- | -- | -- |
08/09/2020 08/09/20 | For Sale | $2,495,000 | 0.0% | $687 / Sq Ft |
09/26/2017 09/26/17 | Rented | $6,750 | 0.0% | -- |
09/26/2017 09/26/17 | Under Contract | -- | -- | -- |
09/05/2017 09/05/17 | For Rent | $6,750 | -- | -- |
Tax History Compared to Growth
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 |
---|---|---|---|---|
2024 | $35,677 | $2,637,200 | $2,041,300 | $595,900 |
2023 | $27,537 | $2,521,667 | $0 | $0 |
2022 | $31,347 | $2,406,133 | $0 | $0 |
2021 | $0 | $2,290,600 | $1,816,300 | $474,300 |
2020 | $27,959 | $2,143,800 | $0 | $0 |
2019 | $57 | $1,997,000 | $0 | $0 |
2018 | $18,761 | $1,850,200 | $1,307,300 | $542,900 |
2017 | $18,982 | $1,850,200 | $0 | $0 |
2016 | $57 | $1,850,200 | $0 | $0 |
2015 | $57 | $2,406,900 | $0 | $0 |
2014 | -- | $2,669,700 | $0 | $0 |
Agents Affiliated with this Home
-
Seller's Agent in 2020
Sarah Kanne
Gibson Island Real Estate INC
(301) 351-1319
32 in this area
33 Total Sales
-
Seller Co-Listing Agent in 2017
Corey Burr
Gibson Island Real Estate INC
(301) 346-3345
4 in this area
4 Total Sales
Map
Source: Bright MLS
MLS Number: MDAA441686

APN: 03-350-12162150
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