NOT LISTED FOR SALE

705 Penny Dr Stevensville, MD 21666

Estimated Value: $2,634,000 - $2,976,940

5 Beds
4.5 Baths
5,526 Sq Ft
$515/Sq Ft Est. Value

Last Sold July 13, 2016

Last sale price $1,650,000 $299 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $16,748/month

35 Days on Market

Highlights

  • 231 Feet of Waterfront
  • Boat Ramp
  • Beach
  • Matapeake Elementary School Rated A-
  • 2 Dock Slips
  • Pier

About This Home

As of July 2016

The Colonel Torgerson House offers a simple one level 4 gable design heavily influenced by family friend and world renown architect Hugh Newell Jacobsen. Offering floor to ceiling windows and sweeping views of the Eastern Bay. Gorgeously updated, new kitchen, baths,paint, and more! Adorable guest house boasts 2 BR, kitchen, living rm.Take your book and watch sunset glows!

Last Agent to Sell the Property

Trish Dunn

(443) 995-5375 trishdunnrealestate@gmail.com Long & Foster Real Estate, Inc. Listed on: 04/30/2016

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Anna Larkin

(410) 829-3549 alarkin@bensonandmangold.com Benson & Mangold, LLC License #91713

Benson & Mangold, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,357

Year Built

  • Built in 1989 | Remodeled in 2016

Lot Details

  • 3.46 Acre Lot
  • 231 Feet of Waterfront
  • East Facing Home
  • Private Lot
  • Property is in very good condition
  • Property is zoned NC-2

HOA Fees

  • $438 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Slab Foundation
  • Metal Roof
  • Asbestos

Interior Spaces

  • 5,526 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Fireplace With Glass Doors
  • Flue
  • Fireplace Mantel
  • Double Pane Windows
  • Window Treatments
  • Window Screens
  • Sliding Doors
  • Entrance Foyer
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Breakfast Room
  • Dining Area
  • Den
  • Sun or Florida Room
  • Wood Flooring
  • Bay Views
  • Attic

Kitchen

  • Gourmet Galley Kitchen
  • Kitchenette
  • Butlers Pantry
  • Built-In Self-Cleaning Oven
  • Six Burner Stove
  • Down Draft Cooktop
  • Microwave
  • Extra Refrigerator or Freezer
  • Freezer
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • En-Suite Bathroom
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Front Loading Dryer
  • Front Loading Washer

Basement

  • Sump Pump
  • Crawl Space

Home Security

  • Alarm System
  • Security Gate
  • Fire and Smoke Detector

Accessible Home Design

  • Halls are 48 inches wide or more
  • Garage doors are at least 85 inches wide
  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Pool

  • Cabana
  • In Ground Pool
  • Poolside Lot

Outdoor Features

  • Pier
  • Private Water Access
  • Property near a bay
  • Personal Watercraft
  • Waterski or Wakeboard
  • Sail
  • Canoe or Kayak Water Access
  • Rip-Rap
  • Swimming Allowed
  • 2 Dock Slips
  • Physical Dock Slip Conveys
  • 2 Powered Boats Permitted
  • 2 Non-Powered Boats Permitted
  • Deck
  • Screened Patio
  • Porch

Additional Homes

  • Guest House

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Vented Exhaust Fan
  • Water Dispenser
  • 60 Gallon+ Bottled Gas Water Heater
  • Well
  • Water Conditioner is Owned
  • Septic Tank
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 34A
  • Assessor Parcel Number 1804078756

Community Details

Overview

  • Association fees include management, pier/dock maintenance, recreation facility, reserve funds, road maintenance, security gate
  • $7,890 Other One-Time Fees
  • Cove Creek Club Community
  • Cove Creek Club Subdivision
  • The community has rules related to covenants

Amenities

  • Fax or Copying Available
  • Common Area
  • Gift Shop
  • Clubhouse
  • Community Center
  • Meeting Room
  • Party Room

Recreation

  • Boat Ramp
  • Boat Dock
  • Pier or Dock
  • Beach
  • Golf Club
  • Golf Course Community
  • Golf Course Membership Available
  • Tennis Courts
  • Fitness Center
  • Fishing Allowed
  • Putting Green
  • Jogging Path
  • Bike Trail

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,357

Year Built

Built in 1989 | Remodeled in 2016

Lot Details

0

HOA Fees

$438 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Accessibility Features: 2+ Access Exits, 32"+ Wide Doors, 36"+ Wide Halls, 48"+ Halls, >84" Garage Door
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main
  • Year Built: 1989
  • Year Renovated: 2016
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Cooktop, Cooktop - Down Draft, Dishwasher, Disposal, Dryer, Dryer - Front Loading, Exhaust Fan, Extra Refrigerator/Freezer, Freezer, Microwave, Oven - Self Cleaning, Oven - Single, Oven - Wall, Refrigerator, Six Burner Stove, Washer - Front Loading, Water Conditioner - Owned, Water Dispenser
  • Interior Amenities: Butlers Pantry, Family Room Off Kitchen, Kitchen - Gourmet, Kitchen - Galley, Combination Kitchen/Living, Kitchenette, Dining Area, Primary Bath(s), Built-Ins, Upgraded Countertops, Crown Moldings, Window Treatments, Wainscotting, Wood Floors, Wet/Dry Bar, Floor Plan - Open
  • Window Features: Double Pane, Screens, Skylights
  • Fireplace Features: Equipment, Fireplace - Glass Doors, Mantel(s), Flue For Stove
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Beamed Ceilings, Dry Wall, High, 9'+ Ceilings, Vaulted Ceilings
  • Entry Location: Foyer
  • Foundation Details: Block, Slab, Crawl Space
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Den, Foyer, Breakfast Room, Bedroom 1, Sun/Florida Room, In-Law/AuPair/Suite, Laundry, Attic
  • Basement: Yes
  • Basement Type: Sump Pump
  • Living Area Units: Square Feet
  • Total Sq Ft: 5526
  • Living Area Sq Ft: 5526
  • Price Per Sq Ft: 316.68
  • Above Grade Finished Sq Ft: 5526
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 4
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Cabana/Pool House, Guest House
  • Construction Materials: Asbestos, Combination
  • Dock Type: Pier (Perpendicular)
  • Construction Completed: No
  • Exterior Features: Satellite Dish
  • Pool Features: In Ground
  • Road Surface Type: Black Top, Paved
  • Roof: Metal
  • View: Bay
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Sail, Swimming Allowed, Waterski/Wakeboard
  • Water Access: No
  • Water Body Name: EASTERN BAY
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes
  • Water Frontage In Feet: 231

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Garage, Attached, Gravel Driveway
  • Parking Space Number Assigned: 8-10
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street, Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Bottled Gas
  • Security: Main Entrance Lock, Security Gate, Electric Alarm, Fire Detection System, Smoke Detector, Security System
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 1315.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Bike Trail, Boat Ramp, Boat Dock/Slip, Club House, Common Grounds, Exercise Room, Fax/Copying, Fitness Center, Gated Community, Gift Shop, Golf Club, Golf Course, Golf Course Membership Available, Jog/Walk Path, Meeting Room, Party Room, Pier/Dock, Putting Green, Security, Tennis Courts, Community Center
  • HOA Condo Co-Op Fee Includes: Management, Pier/Dock Maintenance, Recreation Facility, Reserve Funds, Road Maintenance, Security Gate
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA Condo Co-Op Rules: Covenants, Pets - Allowed
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Other Fees: 7890.00
  • Other Fees Frequency: One Time

Green Features

  • Efficiency: Appliances
  • Green Indoor Air Qlty: Ventilation
  • Green Verification: No
  • Green Water Conservation: Low-Flow Fixtures

Lot Info

  • Improvement Assessed Value: 1005300.00
  • Land Assessed Value: 852300.00
  • Lot Features: Rip-Rapped, Poolside, Private
  • Lot Size Acres: 3.46
  • Lot Size Area: 150718
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 150718.00
  • Outdoor Living Structures: Deck(s), Porch(es), Screened
  • Property Condition: Very Good
  • Zoning: NC-2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4525011
  • Tax Annual Amount: 17357.15
  • Assessor Parcel Number: 1804078756
  • Tax Lot: 34A
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

Multi Family

  • Dock Slip Conveyance: Deeded
  • Waterfront Features: Private Dock Site, Rip-Rap

MLS Schools

  • School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2016
Closed on
Jul 13, 2016
Sold by
Torgerson Christopher and The Estate Of Allan C Torgerso
Bought by
Jacobson Jeff and Sims Rebekah S
Seller's Agent
Trish Dunn
Long & Foster Real Estate, Inc.
Buyer's Agent
Anna Larkin
Benson & Mangold, LLC
List Price
$1,750,000
Sold Price
$1,650,000
Premium/Discount to List
-$100,000
-5.71%
Current Estimated Value
$2,843,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,193,485
Avg. Annual Appreciation
5.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jacobson Jeff $1,650,000 Eastern Shore Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2016 07/13/16 Sold $1,650,000 -5.7% $299 / Sq Ft
06/04/2016 06/04/16 Pending -- -- --
04/30/2016 04/30/16 For Sale $1,750,000 -- $317 / 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 $16,235 $1,830,533 $0 $0
2024 $15,402 $1,687,067 $0 $0
2023 $14,601 $1,543,600 $652,300 $891,300
2022 $14,601 $1,543,600 $652,300 $891,300
2021 $14,865 $1,543,600 $652,300 $891,300
2020 $15,867 $1,648,100 $752,300 $895,800
2019 $15,867 $1,648,100 $752,300 $895,800
2018 $15,867 $1,648,100 $752,300 $895,800
2017 $17,876 $1,857,600 $0 $0
2016 -- $1,833,667 $0 $0
2015 $8,743 $1,809,733 $0 $0
2014 $8,743 $1,785,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002415880

Bright MLS

APN: 04-078756