NOT LISTED FOR SALE

Estimated Value: $476,000 - $534,320

3 Beds
1 Bath
2,970 Sq Ft
$173/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $368,500 $124 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,187/month

36 Days on Market

Highlights

  • Additional Residence on Property
  • Bayside
  • 2 Fireplaces
  • 0.6 Acre Lot
  • Colonial Architecture
  • No HOA

About This Home

As of October 2020

ONLINE AUCTION: Begins 9/15 @ 10:00 am. Ends 9/16 @ 11:00 am. List price is Suggested Opening Bid ATTENTION INVESTORS Amazing Opportunity to Purchase 2 Water Privileged Properties on a Shared Lot. 1st Property (7618) 2 Story Colonial w. 2 Wood-Burning Fireplaces, 3 Bds. & 1 Full Bath. 2nd Property Bungalow w. An unfinished upper level- featuring a wood burning fireplace, 2 bds/1ba. Properties are Located in the Venice on the Bay Community of Pasadena. Amenities include: Private Beach Access,Community Docks, Clubhouse/Community Center, Panoramic Views, and SO Much More! You Don?t Miss this One! Get this Property for a FRACTION of the Assessed Value of $433,700! Deposit $25,000. Deposit must be increased to 10% of total purchase within 72 hours. 2.5% Broker Co-Op. Agents Register Your Clients. Please Visit Ashland Auction?s website for more details. For full Terms and Conditions visit the auctioneer's website, or contact the auctioneer s office.

Last Agent to Sell the Property

Adam Shpritz

(410) 365-3595 adam@ashlandauction.com Ashland Auction Group LLC License #RMR004765 Listed on: 08/12/2020

Co-Listed By

Lee Shpritz

(410) 488-3124 lee@ashlandauction.com Ashland Auction Group LLC

Last Buyer's Agent

Thiago Freitas

(240) 304-6376 thiagofreitasre@gmail.com Samson Properties License #674551

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,401

Year Built

  • Built in 1920

Lot Details

  • 0.6 Acre Lot
  • 7614 3RD ST
  • Property is zoned R2

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Bungalow
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 2,970 Sq Ft Home
  • Property has 2 Levels
  • 2 Fireplaces

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank
  • Community Sewer or Septic

Additional Features

  • Additional Residence on Property
  • Bayside

Community Details

  • No Home Owners Association
  • Venice On The Bay HOA
  • Venice On The Bay Subdivision

Listing and Financial Details

  • Tax Lot 281
  • Assessor Parcel Number 020388608227630

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,401

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial, Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: Auction
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2970
  • Living Area Sq Ft: 2970
  • Price Per Sq Ft: 84.18
  • Above Grade Finished Sq Ft: 2970
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: 2nd House
  • Construction Materials: Brick, Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Well, Private/Community Water, Private

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Name: VENICE ON THE BAY
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7614 3RD ST
  • Improvement Assessed Value: 241200.00
  • Land Assessed Value: 192500.00
  • Lot Size Acres: 0.60
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 26250.00
  • Zoning: R2
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15258273
  • Tax Annual Amount: 4401.00
  • Assessor Parcel Number: 020388608227630
  • Tax Lot: 281
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 19, 2020
Sold by
Eng Adam
Bought by
E & L Homes Llc
Seller's Agent
Adam Shpritz
Ashland Auction Group LLC
Buyer's Agent
Thiago Freitas
Samson Properties
List Price
$250,000
Sold Price
$368,500
Premium/Discount to List
$118,500
47.4%
Current Estimated Value
$513,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,830
Avg. Annual Appreciation
6.53%
Original Mortgage
$300,000
Outstanding Balance
$266,348
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$246,982

Purchase Details

Listed on
Jul 14, 2017
Closed on
Nov 10, 2017
Sold by
Deutsche Bank National Trust Company
Bought by
Eng Adam
Seller's Agent
James Newcomb
Century 21 Don Gurney
Buyer's Agent
Babu Davis
Smart Realty, LLC
List Price
$249,600
Sold Price
$205,000
Premium/Discount to List
-$44,600
-17.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.76%

Purchase Details

Closed on
Oct 2, 2015
Sold by
Warnick Deborah A and Johnson Deborah A
Bought by
Deutsche Bank National Trust

Purchase Details

Closed on
Apr 17, 2006
Sold by
Johnson Richard T
Bought by
Warnick Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2006
Sold by
Johnson Richard T
Bought by
Warnick Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 1988
Sold by
Dixon Patrick P
Bought by
Johnson Richard T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,950
Interest Rate
10.4%
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
E & L Homes Llc $368,500 Homeland Title & Escrow Ltd
Eng Adam $205,000 First Class Title Inc
Deutsche Bank National Trust $259,136 Gemini Title & Escrow Llc
Warnick Deborah A -- --
Warnick Deborah A -- --
Johnson Richard T $145,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open E & L Homes Llc $300,000
Previous Owner Warnick Deborah A $273,000
Previous Owner Warnick Deborah A $273,000
Previous Owner Johnson Richard T $130,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2020 10/20/20 Sold $368,500 +47.4% $124 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $250,000 +22.0% $84 / Sq Ft
12/11/2017 12/11/17 Sold $205,000 +1.4% $178 / Sq Ft View Prior Sale
11/03/2017 11/03/17 Pending -- -- --
09/18/2017 09/18/17 Price Changed $202,100 -19.0% $175 / Sq Ft
07/14/2017 07/14/17 For Sale $249,600 -- $217 / 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 $6,026 $478,700 -- --
2024 $6,026 $458,900 $207,500 $251,400
2023 $5,868 $450,500 $0 $0
2022 $5,486 $442,100 $0 $0
2020 $5,098 $412,833 $0 $0
2019 $4,884 $391,967 $0 $0
2018 $3,763 $371,100 $144,500 $226,600
2017 $4,587 $371,100 $0 $0
2016 -- $371,100 $0 $0
2015 -- $376,100 $0 $0
2014 -- $376,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA443196

Bright MLS

APN: 03-886-08227630