NOT LISTED FOR SALE

702 Drake Way Annapolis, MD 21401

Estimated Value: $898,000 - $953,000

4 Beds
4.5 Baths
5,317 Sq Ft
$172/Sq Ft Est. Value

Last Sold May 15, 2019

Last sale price $580,000 $109 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,965/month

166 Days on Market

Highlights

  • Home fronts navigable water
  • Open Floorplan
  • Colonial Architecture
  • Water Access
  • Lake Privileges
  • Wood Flooring

About This Home

As of May 2019

Huge light-filled home! Brand new roof, plus so many features: hardwood floors; beautiful kitchen w/island, recessed lighting; 2 story family rm w/gas FP; master bath w/soaking tub & huge shower; professionally finished basement; private slate patio w/privacy fence; community kayak/canoe racks & fishing. You must see this one in person!

Last Agent to Sell the Property

Catherine Hamel

Long & Foster Real Estate, Inc. License #31116 Listed on: 11/01/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Catherine Hamel

Long & Foster Real Estate, Inc. License #31116 Listed on: 11/01/2018

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,022

Year Built

  • Built in 2007

Lot Details

  • 4,792 Sq Ft Lot
  • Home fronts navigable water
  • Creek or Stream
  • Privacy Fence
  • Back Yard Fenced
  • Property is in very good condition
  • Property is zoned R1B

HOA Fees

  • $139 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • HardiePlank Type

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Bay Window
  • Window Screens
  • Family Room Off Kitchen
  • Formal Dining Room
  • Finished Basement

Kitchen

  • Double Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Accessible Home Design

  • Roll-in Shower
  • Roll-under Vanity
  • Chairlift

Outdoor Features

  • Water Access
  • Lake Privileges

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Tax Lot 120
  • Assessor Parcel Number 020652290216836

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s)
  • Kingsport Subdivision

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,022

Year Built

Built in 2007

Lot Details

0

HOA Fees

$139 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: Chairlift, Roll-In Shower, Roll-Under Vanity
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2018-11-02
  • Federal Flood Zone: No
  • Year Built: 2007
  • Remarks Public: Huge light-filled home! Brand new roof, plus so many features: hardwood floors; beautiful kitchen w/island, recessed lighting; 2 story family rm w/gas FP; master bath w/soaking tub & huge shower; professionally finished basement; private slate patio w/privacy fence; community kayak/canoe racks & fishing. You must see this one in person!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Microwave, Oven - Double, Refrigerator, Washer
  • Flooring Type: Hardwood, Carpet
  • Interior Amenities: Ceiling Fan(s), Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Island, Pantry, Recessed Lighting, Wood Floors
  • Window Features: Bay/Bow, Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Main Floor
  • Total Sq Ft: 6018
  • Living Area Sq Ft: 5317
  • Price Per Sq Ft: 144.62
  • Above Grade Finished Sq Ft: 4148
  • Below Grade Finished Sq Ft: 1169
  • Below Grade Sq Ft: 701
  • Total Below Grade Sq Ft: 1870
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 702

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, Hardiplank Type
  • 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
  • Garage Features: Garage - Rear Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Security: Carbon Monoxide Detector(s), Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 418.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds, Picnic Area, Pool - Outdoor, Water/Lake Privileges, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s)
  • HOA: Yes
  • Senior Community: No

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

  • Fencing: Privacy, Rear
  • Improvement Assessed Value: 527300.00
  • Land Assessed Value: 121300.00
  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: R1B
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15438140
  • Tax Annual Amount: 9022.00
  • Assessor Parcel Number: 020652290216836
  • Tax Lot: 120
  • Tax Total Finished Sq Ft: 5317
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 05/15/2019

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2018
Closed on
May 15, 2019
Sold by
Stark Harold E and Stark Delia S
Bought by
Shewmake Lester Lee and Stimpert Stan E
Seller's Agent
Catherine Hamel
Long & Foster Real Estate, Inc.
Buyer's Agent
Catherine Hamel
Long & Foster Real Estate, Inc.
List Price
$635,000
Sold Price
$580,000
Premium/Discount to List
-$55,000
-8.66%
Current Estimated Value
$916,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,242
Avg. Annual Appreciation
7.70%
Original Mortgage
$486,000
Interest Rate
4%
Mortgage Type
VA

Purchase Details

Closed on
Dec 27, 2006
Sold by
Crab Cove Llc
Bought by
Stark Harold E and Stark Delia S

Purchase Details

Closed on
Nov 29, 2006
Sold by
Crab Cove Llc
Bought by
Stark Harold E and Stark Delia S
Source: Public Records

Range of Values:

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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
Shewmake Lester Lee $580,000 Sage Title Group Llc
Stark Harold E $717,030 --
Stark Harold E $717,030 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shewmake Lester Lee $480,000
Closed Shewmake Lester Lee $486,000
Previous Owner Stark Harold E $287,576
Previous Owner Stark Harold E $306,359
Closed Stark Harold E --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2019 05/15/19 Sold $580,000 -3.3% $109 / Sq Ft
04/18/2019 04/18/19 Pending -- -- --
03/23/2019 03/23/19 Price Changed $599,900 0.0% $113 / Sq Ft
02/14/2019 02/14/19 Price Changed $600,000 -4.0% $113 / Sq Ft
11/20/2018 11/20/18 Price Changed $625,000 -1.6% $118 / Sq Ft
11/02/2018 11/02/18 For Sale $635,000 -- $119 / 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 $9,996 $739,600 -- --
2024 $9,996 $704,500 $0 $0
2023 $9,613 $669,400 $121,300 $548,100
2022 $9,334 $662,467 $0 $0
2021 $18,473 $655,533 $0 $0
2020 $9,145 $648,600 $121,300 $527,300
2019 $17,722 $648,600 $121,300 $527,300
2018 $9,022 $648,600 $121,300 $527,300
2017 $7,704 $691,800 $0 $0
2016 -- $633,433 $0 $0
2015 -- $575,067 $0 $0
2014 -- $516,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA100034

Bright MLS

APN: 06-522-90216836