NOT LISTED FOR SALE

700 Drake Way Annapolis, MD 21401

Estimated Value: $884,235 - $946,000

4 Beds
4.5 Baths
4,505 Sq Ft
$202/Sq Ft Est. Value

Last Sold June 14, 2019

Last sale price $590,000 $131 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,811/month

107 Days on Market

Highlights

  • Pier or Dock
  • Canoe or Kayak Water Access
  • Clubhouse
  • Home fronts navigable water
  • Colonial Architecture
  • Premium Lot

About This Home

As of June 2019

Federal-style Somerfield Model is characterized by a landscaped walkway, brick steps to the front door and rear-entry garage / All-brick exterior! / Sited on premium corner lot overlooking the community park and steps from the pool and playground / Lofty 2-story Great Room features a dramatic wall of windows and gas fireplace between built-in bookcases / Well-equipped Kitchen with granite counters, generous cabinetry, sunny breakfast nook, gas cooking and newer JennAir and KitchenAid stainless steel appliances / Main level Library showcases a wall of built-in shelving and office storage / 12" crown molding in Foyer, Liv Rm, Dining Rm and Owners Suite / Expansive Owners Suite highlights a tray ceiling, super bath and generous walk-in closets / 2 upper level bedrooms share a Jack and Jill Bath / 4th en suite Bedroom on upper level / Neutral decor throughout / Full basement provides roomy and flexible finished space with full bath and plentiful unfinished storage space / Most areas painted in 2019 /

Last Agent to Sell the Property

Mary Ann Elliott

Coldwell Banker Realty Listed on: 01/30/2019

Coldwell Banker Realty

Last Buyer's Agent

Susan Weber-Wehnert

Long & Foster Real Estate, Inc. License #647958

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,161

Year Built

  • Built in 2006

Lot Details

  • 4,617 Sq Ft Lot
  • Home fronts navigable water
  • Creek or Stream
  • Landscaped
  • Premium Lot
  • Corner Lot
  • Property is zoned R1B

HOA Fees

  • $139 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Rear-Facing Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • Built-In Features
  • Gas Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Library
  • Game Room
  • Storage Room
  • Laundry on main level
  • Wood Flooring
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Improved Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Sump Pump

Outdoor Features

  • Canoe or Kayak Water Access
  • Patio

Schools

  • Mills - Parole Elementary School
  • Bates Middle School
  • Annapolis High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 119
  • Assessor Parcel Number 020652290216835
  • $495 Front Foot Fee per year

Community Details

Overview

  • Association fees include common area maintenance, pier/dock maintenance, reserve funds, snow removal, pool(s), recreation facility, road maintenance
  • Kingsport Subdivision

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse

Recreation

  • Pier or Dock
  • 1 Community Docks
  • Community Playground
  • Community Pool
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,161

Year Built

Built in 2006

Lot Details

0

HOA Fees

$139 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: TV mount in Great Room behind picture, refrigerator in garage, all shades & blinds
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2019-01-30
  • Federal Flood Zone: No
  • Year Built: 2006
  • Remarks Public: Federal-style Somerfield Model is characterized by a landscaped walkway, brick steps to the front door and rear-entry garage / All-brick exterior! / Sited on premium corner lot overlooking the community park and steps from the pool and playground / Lofty 2-story Great Room features a dramatic wall of windows and gas fireplace between built-in bookcases / Well-equipped Kitchen with granite counters, generous cabinetry, sunny breakfast nook, gas cooking and newer JennAir and KitchenAid stainless steel appliances / Main level Library showcases a wall of built-in shelving and office storage / 12" crown molding in Foyer, Liv Rm, Dining Rm and Owners Suite / Expansive Owners Suite highlights a tray ceiling, super bath and generous walk-in closets / 2 upper level bedrooms share a Jack and Jill Bath / 4th en suite Bedroom on upper level / Neutral decor throughout / Full basement provides roomy and flexible finished space with full bath and plentiful unfinished storage space / Most areas painted in 2019 /
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Oven - Wall, Refrigerator
  • Interior Amenities: Breakfast Area, Built-Ins, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Family Room, Library, Great Room, Storage Room, Bathroom 2, Bathroom 3, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full, Improved, Sump Pump
  • Basement Finished Percent: 50.00
  • Basement Footprint Percent: 100.00
  • Laundry Type: Main Floor
  • Total Sq Ft: 5305
  • Living Area Sq Ft: 4505
  • Price Per Sq Ft: 163.22
  • Above Grade Finished Sq Ft: 3670
  • Below Grade Finished Sq Ft: 835
  • Below Grade Sq Ft: 800
  • Total Below Grade Sq Ft: 1635
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 700

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Street Lights
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access Features: Canoe/Kayak
  • Water Access: Yes
  • Water Body Name: Crab Creek
  • Water Body Type: Creek/Stream
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central, Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 417.60
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds, Picnic Area, Pier/Dock, Pool - Outdoor, Tot Lots/Playground, Swimming Pool, Club House, Jog/Walk Path
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pier/Dock Maintenance, Reserve Funds, Snow Removal, Pool(s), Recreation Facility, Road Maintenance
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • Elementary School: MILLS - PAROLE ELEMENTARY
  • Middle School: BATES
  • High School: ANNAPOLIS
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121140671932
  • School District Source: 3rd Party
  • Elementary School: MILLS - PAROLE ELEMENTARY
  • High School: ANNAPOLIS
  • Middle Or Junior School: BATES

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 465700.00
  • Land Assessed Value: 121000.00
  • Lot Features: Corner, Landscaping, Premium
  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4617.00
  • Outdoor Living Structures: Patio(s)
  • Year Assessed: 2018
  • Zoning: R1B
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15437275
  • Tax Annual Amount: 8161.00
  • Assessor Parcel Number: 020652290216835
  • Tax Lot: 119
  • Tax Total Finished Sq Ft: 3670
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 06/14/2019

Multi Family

  • Front Foot Fee: 495.00
  • Mean Low Water Feet: 3

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2019
Closed on
Jun 17, 2019
Sold by
Barrett William and Barrett Patricia A
Bought by
Dews Robert A and Dews Tanya R
Seller's Agent
Mary Ann Elliott
Coldwell Banker Realty
Buyer's Agent
Susan Weber-Wehnert
Long & Foster Real Estate, Inc.
List Price
$599,000
Sold Price
$590,000
Premium/Discount to List
-$9,000
-1.5%
Current Estimated Value
$910,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,078
Avg. Annual Appreciation
6.98%
Original Mortgage
$531,000
Outstanding Balance
$468,810
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$428,078

Purchase Details

Closed on
Aug 9, 2006
Sold by
Crab Cove Llc
Bought by
Barrett William and Barrett Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2006
Sold by
Crab Cove Llc
Bought by
Barrett William and Barrett Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Dews Robert A $590,000 None Available
Barrett William $857,478 --
Barrett William $857,478 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dews Robert A $531,000
Previous Owner Barrett William $269,000
Previous Owner Barrett William $271,650
Previous Owner Barrett William $276,500
Previous Owner Barrett William C $285,000
Previous Owner Barrett William $35,000
Previous Owner Barrett William $685,900
Previous Owner Barrett William $685,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2019 06/14/19 Sold $590,000 -1.5% $131 / Sq Ft
05/18/2019 05/18/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $599,000 0.0% $133 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
01/30/2019 01/30/19 For Sale $599,000 -- $133 / 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 $8,555 $676,333 -- --
2024 $8,555 $646,867 $0 $0
2023 $0 $617,400 $121,000 $496,400
2022 $8,555 $607,167 $0 $0
2021 $0 $596,933 $0 $0
2020 $0 $586,700 $121,000 $465,700
2019 $8,213 $586,700 $121,000 $465,700
2018 $8,161 $586,700 $121,000 $465,700
2017 $7,395 $611,700 $0 $0
2016 -- $581,433 $0 $0
2015 -- $551,167 $0 $0
2014 -- $520,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA302616

Bright MLS

APN: 06-522-90216835