NOT LISTED FOR SALE

766 Skywater Rd Gibson Island, MD 21056

Estimated Value: $4,238,000 - $6,902,000

4 Beds
3.5 Baths
2,110 Sq Ft
$2,629/Sq Ft Est. Value

Last Sold June 28, 2018

Last sale price $2,200,000 $1,043 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $34,560/month

372 Days on Market

Highlights

  • 276 Feet of Waterfront
  • Sandy Beach
  • 3.78 Acre Lot
  • Beach
  • Gated Community
  • Colonial Architecture

About This Home

As of June 2018

One of the largest waterfront lots on Gibson Island. Approx 3.78 acres located at the confluence of the Magothy River and the Chesapeake Bay, expansive views. Significant value beyond raw land is existing water, electric service and new septic system that will accommodate a larger-than-3,500 SF house.Structure likely a tear-down, approvals required, creative financing possible to well-qual buyers

Last Agent to Sell the Property

Sarah Kanne

Gibson Island Real Estate INC License #651972 Listed on: 03/02/2017

Last Buyer's Agent

Sarah Kanne

Gibson Island Real Estate INC License #651972 Listed on: 03/02/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,009

Year Built

  • Built in 1960

Lot Details

  • 3.78 Acre Lot
  • 276 Feet of Waterfront
  • Home fronts navigable water
  • Sandy Beach
  • Premium Lot
  • Property is zoned R1

HOA Fees

  • $640 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • HardiePlank Type

Interior Spaces

  • Property has 3 Levels
  • Dining Area
  • Water Views
  • Basement Fills Entire Space Under The House
  • Security Gate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3.5 Bathrooms

Outdoor Features

  • Water Access
  • River Nearby
  • Available By Lease
  • Physical Dock Slip Conveys
  • Stream or River on Lot

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 246A
  • Assessor Parcel Number 020335033812200

Community Details

Overview

  • Association fees include security gate
  • Gibson Island Subdivision
  • The community has rules related to alterations or architectural changes, covenants

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Beach
  • Jogging Path

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,009

Year Built

Built in 1960

Lot Details

0

HOA Fees

$640 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1960
  • Remarks Public: One of the largest waterfront lots on Gibson Island. Approx 3.78 acres located at the confluence of the Magothy River and the Chesapeake Bay, expansive views. Significant value beyond raw land is existing water, electric service and new septic system that will accommodate a larger-than-3,500 SF house.Structure likely a tear-down, approvals required, creative financing possible to well-qual buyers
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dining Area
  • Fireplace: No
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Full
  • Living Area Units: Square Feet
  • Street Number Modifier: 766

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3.00
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Hardiplank Type
  • Pool Private: No
  • View: Water
  • View: Yes
  • Water Access: Yes
  • Water Body Name: MAGOTHY RIVER
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 276

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security Gate
  • Sewer/Septic System: Septic Exists
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 640.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Common Grounds, Gated Community, Jog/Walk Path, Picnic Area, Security
  • HOA Condo Co-Op Fee Includes: Security Gate
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Covenants
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • School District Key: 121140671932

Lot Info

  • Improvement Assessed Value: 93700.00
  • Land Assessed Value: 2007900.00
  • Lot Features: Premium
  • Lot Size Acres: 3.78
  • Lot Size Area: 164824
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 164824.00
  • Property Attached Yn: No
  • Year Assessed: 2016
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15224348
  • Tax Annual Amount: 27009.34
  • Assessor Parcel Number: 020335033812200
  • Tax Lot: 246A
  • Tax Total Finished Sq Ft: 2110
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 06/28/2018

Multi Family

  • Dock Slip Conveyance: Available By Lease
  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2017
Closed on
Jun 28, 2018
Sold by
Keyes Kevin and Keyes Elizabeth
Bought by
Cross Gregory A and Cross Christine
Seller's Agent
Sarah Kanne
Gibson Island Real Estate INC
Buyer's Agent
Sarah Kanne
Gibson Island Real Estate INC
List Price
$2,895,000
Sold Price
$2,200,000
Premium/Discount to List
-$695,000
-24.01%
Current Estimated Value
$5,547,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,347,909
Avg. Annual Appreciation
13.63%

Purchase Details

Closed on
Jul 14, 2010
Sold by
Wolfe James R
Bought by
Keyes Kevin and Keyes Elizabeth
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
Cross Gregory A $2,200,000 Atlantic Title & Escrow Co
Keyes Kevin $1,900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cross Gregory A $2,500,000
Closed Cross Gregory A $2,500,000
Previous Owner Keyes Elizabeth $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2018 06/28/18 Sold $2,200,000 -11.8% $1,043 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
07/28/2017 07/28/17 Price Changed $2,495,000 -13.8% $1,182 / Sq Ft
07/12/2017 07/12/17 For Sale $2,895,000 0.0% $1,372 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $2,895,000 -- $1,372 / 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 $53,727 $4,549,200 -- --
2024 $53,727 $4,339,600 $2,247,900 $2,091,700
2023 $51,994 $4,112,733 $0 $0
2022 $48,071 $3,885,867 $0 $0
2021 $21,449 $2,007,900 $2,007,900 $0
2020 $26,192 $2,007,900 $2,007,900 $0
2019 $27,446 $2,102,733 $0 $0
2018 $21,310 $2,101,600 $2,007,900 $93,700
2017 $26,801 $2,101,600 $0 $0
2016 -- $2,101,600 $0 $0
2015 -- $2,152,300 $0 $0
2014 -- $2,120,767 $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: 1000131737

Bright MLS

APN: 03-350-33812200

Maryland Anne Arundel County 21056

766 Skywater Rd, MD

This home is located at 766 Skywater Rd, Gibson Island, MD 21056 since 02 March 2017 and is currently estimated at $5,547,909, approximately $2,629 per square foot. This property was built in 1960. 766 Skywater Rd 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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