NOT LISTED FOR SALE

731 Broadwater Way Gibson Island, MD 21056

Estimated Value: $2,442,000 - $2,750,000

4 Beds
3 Baths
2,839 Sq Ft
$910/Sq Ft Est. Value

Last Sold November 23, 2018

Last sale price $1,475,000 $520 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $16,079/month

Highlights

  • Beach
  • Newspaper Service
  • Bay View
  • 24-Hour Security
  • Water Oriented
  • Gated Community

About This Home

As of November 2018

An oasis of natural beauty, this double plus one-half lot offers privacy and views of the Chesapeake Bay. A charming four-bedroom, three bath Cape Cod with a main level master bedroom, living room with vaulted ceiling, beams and wood-burning fireplace, generous dining room, kitchen with breakfast bar, a spacious two-car garage adjoining kitchen and meticulously maintained gardens and lawn. This cottage could be a lovely weekend retreat or a primary residence. It is a short walk to Otter Pond and the Chesapeake Bay.This cottage could be a lovely weekend retreat or primary residence. nformation 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

Sarah Kanne

(301) 351-1319 sarahkanne@gibsonisland.com Gibson Island Real Estate INC License #651972 Listed on: 09/15/2018

Last Buyer's Agent

Sarah Kanne

(301) 351-1319 sarahkanne@gibsonisland.com Gibson Island Real Estate INC License #651972 Listed on: 09/15/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,751

Year Built

  • Built in 1940 | Remodeled in 2016

Lot Details

  • 1.75 Acre Lot
  • Landscaped
  • Private Lot
  • Partially Wooded Lot
  • Property is in very good condition

HOA Fees

  • $691 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Property Views

  • Bay
  • Scenic Vista
  • Woods
  • Pasture

Home Design

  • Cape Cod Architecture
  • Wood Walls
  • Asphalt Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Paneling
  • Beamed Ceilings
  • Two Story Ceilings
  • Recessed Lighting
  • Screen For Fireplace
  • Fireplace Mantel
  • Window Treatments
  • Bay Window
  • Casement Windows
  • Window Screens
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Utility Room

Kitchen

  • Breakfast Area or Nook
  • Built-In Double Oven
  • Electric Oven or Range
  • Cooktop
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Front Loading Dryer
  • Front Loading Washer

Unfinished Basement

  • Connecting Stairway
  • Sump Pump
  • Crawl Space

Home Security

  • Security Gate
  • Surveillance System
  • Storm Doors

Outdoor Features

  • Water Oriented
  • Property near a bay
  • Lake Privileges
  • Patio

Schools

  • Bodkin Elementary School
  • Chesapeake Bay Middle School
  • Chesapeake High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Floor Furnace
  • Heating System Uses Oil
  • Vented Exhaust Fan
  • 60 Gallon+ Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 173,174 P/175
  • Assessor Parcel Number 33503328200

Community Details

Overview

  • Association fees include trash, security gate, insurance, common area maintenance
  • Gibson Island Corporation HOA, Phone Number (410) 255-1414
  • Gibson Island Corporation Community
  • Gibson Island Subdivision
  • The community has rules related to alterations or architectural changes, covenants
  • Community Lake

Amenities

  • Newspaper Service
  • Picnic Area
  • Common Area

Recreation

  • Beach
  • Jogging Path
  • Bike Trail

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,751

Year Built

Built in 1940 | Remodeled in 2016

Lot Details

0

HOA Fees

$691 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1940
  • Year Renovated: 2016
  • Remarks Public: An oasis of natural beauty, this double plus one-half lot offers privacy and views of the Chesapeake Bay. A charming four-bedroom, three bath Cape Cod with a main level master bedroom, living room with vaulted ceiling, beams and wood-burning fireplace, generous dining room, kitchen with breakfast bar, a spacious two-car garage adjoining kitchen and meticulously maintained gardens and lawn. This cottage could be a lovely weekend retreat or a primary residence. It is a short walk to Otter Pond and the Chesapeake Bay.This cottage could be a lovely weekend retreat or primary residence. nformation 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.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer - Front Loading, Oven - Double, Oven - Wall, Oven/Range - Electric, Refrigerator, Washer - Front Loading, Water Heater, Extra Refrigerator/Freezer, Icemaker, Exhaust Fan
  • Interior Amenities: Breakfast Area, Dining Area, Entry Level Bedroom, Built-Ins, Chair Railings, Window Treatments, Primary Bath(s), Wood Floors, Recessed Lighting, Floor Plan - Traditional, Carpet, Crown Moldings, Exposed Beams
  • Window Features: Bay/Bow, Casement, Screens
  • Fireplace Features: Mantel(s), Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Wall Ceiling Types: Beamed Ceilings, 2 Story Ceilings, Paneled Walls, Wood Walls
  • Entry Location: Foyer
  • Foundation Details: Crawl Space
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Foyer, Sun/Florida Room, Laundry, Utility Room, Bathroom 2, Bathroom 3, Primary Bathroom
  • Basement: Yes
  • Basement Type: Connecting Stairway, Sump Pump, Unfinished
  • Laundry Type: Main Floor, Has Laundry
  • Living Area Units: Square Feet
  • Total Sq Ft: 2882
  • Living Area Sq Ft: 2839
  • Price Per Sq Ft: 519.55
  • Above Grade Finished Sq Ft: 2839
  • Below Grade Sq Ft: 43
  • Total Below Grade Sq Ft: 43
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 731

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Shingle Siding, Wood Siding
  • Exterior Features: Sidewalks
  • Roof: Asphalt
  • View: Water, Bay, Pasture, Scenic Vista, Trees/Woods
  • Water Access: No
  • Water Body Name: CHESAPEAKE BAY
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Paved Parking
  • Garage Features: Garage Door Opener, Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Street, Attached Garage

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Floor Furnace, Forced Air
  • Heating: Yes
  • Hot Water: Electric, 60+ Gallon Tank
  • Security: Security Gate, 24 Hour Security, Surveillance Sys
  • Sewer/Septic System: Septic Exists
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 691.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Bike Trail, Common Grounds, Gated Community, Jog/Walk Path, Picnic Area, Water/Lake Privileges, Lake, Newspaper Service, Security
  • HOA Condo Co-Op Fee Includes: Trash, Security Gate, Insurance, Common Area Maintenance
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Covenants, Restrictions
  • HOA Name: GIBSON ISLAND CORPORATION
  • HOA Phone: 410-255-1414
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • Elementary School: BODKIN
  • Middle School: CHESAPEAKE BAY
  • High School: CHESAPEAKE
  • School District Key: 121140671932
  • Elementary School: BODKIN
  • High School: CHESAPEAKE
  • Middle Or Junior School: CHESAPEAKE BAY

Lot Info

  • Lot Features: Landscaping, Partly Wooded, Private, Trees/Wooded
  • Lot Size Acres: 1.75
  • Lot Size Area: 76214
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 76214.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Zoning: R-1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: No

Multi Family

  • Dock Slip Conveyance: None Available

Tax Info

  • Assessor Parcel Number: 15224343
  • Tax Annual Amount: 15751.11
  • Assessor Parcel Number: 33503328200
  • Tax Lot: 173,174 P/175
  • Tax Year: 2019
  • Close Date: 11/23/2018

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2024
Sold by
Sale Daniel and Sale Helen Lee
Bought by
Sale Helen Lee
Current Estimated Value
$2,582,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$823,846
Outstanding Balance
$758,533
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$1,824,200

Purchase Details

Listed on
Sep 15, 2018
Closed on
Nov 26, 2018
Sold by
Wilbur Leroy A and Wilbur Anne R
Bought by
Sale Daniel and Sale Helen Lee
Seller's Agent
Sarah Kanne
Gibson Island Real Estate INC
Buyer's Agent
Sarah Kanne
Gibson Island Real Estate INC
List Price
$1,475,000
Sold Price
$1,475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%
Original Mortgage
$100,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Sale Helen Lee -- New World Title
Sale Helen Lee -- New World Title
Sale Daniel $1,475,000 Atlantic Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sale Helen Lee $823,846
Closed Sale Helen Lee $823,846
Previous Owner Sale Daniel $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2018 11/23/18 Sold $1,475,000 0.0% $520 / Sq Ft
09/15/2018 09/15/18 Pending -- -- --
09/15/2018 09/15/18 For Sale $1,475,000 -- $520 / 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 $19,695 $1,775,200 -- --
2024 $19,695 $1,452,600 $1,136,500 $316,100
2023 $19,302 $1,426,933 $0 $0
2022 $14,643 $1,401,267 $0 $0
2021 $35,919 $1,375,600 $1,102,000 $273,600
2020 $17,365 $1,328,867 $0 $0
2019 $27,204 $1,282,133 $0 $0
2018 $12,527 $1,235,400 $967,000 $268,400
2017 $10,314 $1,235,400 $0 $0
2016 -- $1,235,400 $0 $0
2015 -- $1,371,300 $0 $0
2014 -- $1,371,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sarah Kanne

    Seller's Agent in 2018

    Sarah Kanne

    Gibson Island Real Estate INC

    (301) 351-1319

    31 in this area

    32 Total Sales

    Sarah Kanne
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Map

Source: Bright MLS

MLS Number: 1004260208

Bright MLS

APN: 03-350-33238200

Maryland Anne Arundel County 21056

731 Broadwater Way, MD

This home is located at 731 Broadwater Way, Gibson Island, MD 21056 since 15 September 2018 and is currently estimated at $2,582,733, approximately $909 per square foot. This property was built in 1940. 731 Broadwater Way is a home located in Anne Arundel County with nearby schools including Bodkin Elementary School, Chesapeake Bay Middle School, and Chesapeake High School.

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