NOT LISTED FOR SALE

707 Cottage Dr Arnold, MD 21012

Estimated Value: $2,199,000 - $2,477,000

5 Beds
5.5 Baths
4,203 Sq Ft
$563/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $1,600,000 $381 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $13,783/month

91 Days on Market

Highlights

  • 3 Dock Slips
  • Home fronts navigable water
  • Private Water Access
  • Severn River Middle School Rated 9+
  • Private Beach
  • River View

About This Home

As of August 2020

707 Cottage Drive is a gorgeous waterfront home with sweeping Magothy River views, a private sandy beach, and a deep-water pier with two boat lifts. Multiple outdoor dining, relaxing, and entertaining options including two Trex decks overlooking the water, a beautiful paver patio with built-in breakfast bar, and a private master suite balcony. For added convenience, there is an elevator that serves all levels and a whole-house generator. This stunning home is perfectly situated at the end of Cottage Drive and is in a Blue Ribbon School District! As you step into the grand two-story foyer your gaze is immediately drawn to the high ceilings and lovely chandelier. The main level features elegant pecan wood floors, nine-foot ceilings, and an open floor plan. There's an elevator that has access to all three levels of the home. To the right is the huge great room that overlooks the Magothy River. This space has a cozy family room with gas fireplace, an informal dining area, and a gourmet chef's kitchen; all with fantastic water views and easy access to one of the waterside decks. The huge center island, with breakfast bar and prep space, is the perfect place for family and friends to gather. Even the pickiest of chef's will enjoy the amenities in this kitchen that has two Bosch dishwashers, Wolf double oven, Wolf warming drawer, five-burner stove, and a Sub-Zero wood-paneled side-by-side refrigerator. To the left of the foyer is a formal dining space, living room with built-in bookshelves, double-sided gas fireplace and a cozy window seat with storage. There is a main floor bedroom with a private bathroom. Also on this level is a mudroom and a powder room. Upstairs, the spacious master suite has all the bells and whistles! There is a huge walk-in closet with custom organization and a luxurious master bathroom with jetted soaking tub, granite countertops and an oversized tile shower. The wall of glass in this bedroom offers magnificent water views and provides access to tons of natural light that floods the space. There is even a private balcony. Down the hall are three more bedrooms, one with a private bath, and a hall bath. The walk-out, lower level offers great additional living space with a gas fireplace. Step out to one of the waterside decks, the spacious patio, and outdoor dining areas. There's a full bathroom on this level as well as access to the oversized three car garage. The location is perfect with a beach and deep-water private pier on the Magothy River. There are two boat lifts with GEM remotes, one 20,000 lbs and one 12,000 lbs, and the deep water means sailboats as well as power boats! By land you are minutes to major commute routes, shopping, dining, and Downtown Annapolis. For peace of mind, there is a whole-house generator. Enjoy all that this home has to offer; your friends and family won't want to leave this get-away destination.

Last Agent to Sell the Property

Charlie Buckley

(410) 266-6880 charlie@waterfronthomes.org Long & Foster Real Estate, Inc. Listed on: 02/07/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Catherine Watson - Bye

(410) 375-8070 Cathie@executiveagent.net RE/MAX Executive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,741

Year Built

  • Built in 2007

Lot Details

  • 0.53 Acre Lot
  • Home fronts navigable water
  • Private Beach
  • Sandy Beach
  • Cul-De-Sac
  • Partially Fenced Property
  • Property is in very good condition
  • Property is zoned R5

Parking

  • 3 Car Attached Garage
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Driveway

Property Views

  • River
  • Scenic Vista

Home Design

  • Coastal Architecture

Interior Spaces

  • 4,203 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • 4 Fireplaces
  • Family Room
  • Living Room
  • Breakfast Room
  • Dining Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

Improved Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Garage Access
  • Basement Windows

Home Security

  • Monitored
  • Fire and Smoke Detector

Outdoor Features

  • Private Water Access
  • River Nearby
  • Sail
  • Electric Hoist or Boat Lift
  • 3 Dock Slips
  • Physical Dock Slip Conveys
  • Dock made with Treated Lumber
  • 2 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted
  • Deck
  • Patio
  • Exterior Lighting

Schools

  • Belvedere Elementary School
  • Severn River Middle School
  • Broadneck High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Property is near creek

Community Details

  • No Home Owners Association
  • Mago Vista Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 020300024374000

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,741

Year Built

Built in 2007

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2020-02-07
  • Federal Flood Zone: No
  • Year Built: 2007
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood, Carpet
  • Interior Amenities: Ceiling Fan(s)
  • Fireplaces Count: 4
  • Fireplace: Yes
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Breakfast Room, Bathroom 2, Bathroom 3, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Partial, Garage Access, Heated, Improved, Interior Access, Outside Entrance, Walkout Level, Windows
  • Total Sq Ft: 4203
  • Living Area Sq Ft: 4203
  • Price Per Sq Ft: 398.52
  • Above Grade Finished Sq Ft: 4203
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Combination
  • Exterior Features: Exterior Lighting, Private Beach
  • View: River, Scenic Vista
  • Water Access Features: Boat - Powered, Private Access, Sail
  • Water Access: Yes
  • Water Body Name: Magothy River
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry, Additional Storage Area
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Fire Detection System, Monitored
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: BELVEDERE
  • High School: BROADNECK
  • Middle Or Junior School: SEVERN RIVER

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 691600.00
  • Land Assessed Value: 706500.00
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.53
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23200.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Very Good
  • Zoning: R5
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 15199113
  • Tax Annual Amount: 14741.00
  • Assessor Parcel Number: 020300024374000
  • Tax Lot: 10
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Private Dock Site, Sandy Beach

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
Aug 7, 2020
Sold by
The Shearer Family Llc
Bought by
Chisholm David R and Chisholm Victoria L
Seller's Agent
Charlie Buckley
Long & Foster Real Estate, Inc.
Buyer's Agent
Catherine Watson - Bye
RE/MAX Executive
List Price
$1,849,000
Sold Price
$1,600,000
Premium/Discount to List
-$249,000
-13.47%
Current Estimated Value
$2,367,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$767,128
Avg. Annual Appreciation
7.47%

Purchase Details

Closed on
Mar 28, 2008
Sold by
Us Financial Capital Inc
Bought by
Shearer Family Llc

Purchase Details

Closed on
Nov 14, 2007
Sold by
Us Financial Capital Inc
Bought by
Shearer Family Llc

Purchase Details

Closed on
Jun 23, 2005
Sold by
Zimnawoda Judith C
Bought by
Us Financial Capital Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 1992
Sold by
Hoffman Kenneth R
Bought by
Zimnawoda Judith C
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
Chisholm David R $1,600,000 Eagle Title Llc
Shearer Family Llc $1,900,000 --
Shearer Family Llc $1,900,000 --
Us Financial Capital Inc $650,000 --
Zimnawoda Judith C $20,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Us Financial Capital Inc $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2020 08/07/20 Sold $1,600,000 -4.5% $381 / Sq Ft
05/09/2020 05/09/20 Pending -- -- --
04/16/2020 04/16/20 Price Changed $1,675,000 -4.0% $399 / Sq Ft
02/28/2020 02/28/20 Price Changed $1,745,000 -5.6% $415 / Sq Ft
02/07/2020 02/07/20 For Sale $1,849,000 -- $440 / 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 $16,870 $1,826,367 -- --
2024 $16,870 $1,592,100 $738,500 $853,600
2023 $16,439 $1,527,433 $0 $0
2022 $15,374 $1,462,767 $0 $0
2020 $14,914 $1,388,800 $0 $0
2019 $3,010 $1,379,500 $0 $0
2018 $13,894 $1,370,200 $706,500 $663,700
2017 $13,021 $1,300,400 $0 $0
2016 -- $1,230,600 $0 $0
2015 -- $1,160,800 $0 $0
2014 -- $1,160,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA423866

Bright MLS

APN: 03-000-24374000