NOT LISTED FOR SALE

802 Rackham Rd Gibson Island, MD 21056

Estimated Value: $2,048,000 - $2,920,079

3 Beds
3 Baths
4,905 Sq Ft
$511/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $1,687,500 $344 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $16,273/month

115 Days on Market

Highlights

  • Beach
  • Newspaper Service
  • Gated Community
  • 24-Hour Security
  • Eat-In Gourmet Kitchen
  • 1.6 Acre Lot

About This Home

As of September 2018

Lovely brick colonial on 1.6 acre lot on quiet cul-de-sac offers almost 5000 SF almost all one level. Features 3 BR/3 BA, large eat-in kitchen, step-down LR with FP, spacious DR, paneled library/den, wet bar, renovated MBA (2016), loft addition above FR,IPE wood roof deck w/ views of Bay/River, attached 2-car garage, brick patio for entertaining, beautiful mature landscaping, ideas for 4th BR/BA

Last Agent to Sell the Property

Sarah Kanne

Gibson Island Real Estate INC License #651972 Listed on: 05/03/2018

Last Buyer's Agent

Sarah Kanne

Gibson Island Real Estate INC License #651972 Listed on: 05/03/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,292

Year Built

  • Built in 1987 | Remodeled in 2015

Lot Details

  • 1.6 Acre Lot
  • Partially Fenced Property
  • Decorative Fence
  • Landscaped
  • Premium Lot
  • Property is in very good condition
  • Property is zoned R1

HOA Fees

  • $640 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Wood Walls
  • Composition Roof

Interior Spaces

  • 4,905 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Wet Bar
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Beamed Ceilings
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Window Treatments
  • Bay Window
  • Casement Windows
  • Window Screens
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Loft
  • Wood Flooring
  • Garden Views
  • Crawl Space
  • Security Gate
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Butlers Pantry
  • Built-In Oven
  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Lake Privileges
  • Patio
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Dehumidifier
  • Heat Pump System
  • Programmable Thermostat
  • Multi-Tank Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 221
  • Assessor Parcel Number 020335090040238

Community Details

Overview

  • Association fees include security gate
  • Built by BERT WINCHESTER CONSTRUCTION
  • Gibson Island Corporation Community
  • Gibson Island Subdivision
  • The community has rules related to alterations or architectural changes, covenants

Amenities

  • Newspaper Service
  • Picnic Area
  • Common Area

Recreation

  • Beach

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,292

Year Built

Built in 1987 | Remodeled in 2015

Lot Details

0

HOA Fees

$640 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1987
  • Year Renovated: 2015
  • Remarks Public: Lovely brick colonial on 1.6 acre lot on quiet cul-de-sac offers almost 5000 SF almost all one level. Features 3 BR/3 BA, large eat-in kitchen, step-down LR with FP, spacious DR, paneled library/den, wet bar, renovated MBA (2016), loft addition above FR,IPE wood roof deck w/ views of Bay/River, attached 2-car garage, brick patio for entertaining, beautiful mature landscaping, ideas for 4th BR/BA
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Front Loading, Range Hood, Refrigerator, Oven/Range - Gas, Oven - Wall, Microwave, Oven - Single, Washer - Front Loading, Washer/Dryer Stacked, Water Heater
  • Interior Amenities: Breakfast Area, Butlers Pantry, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Dining Area, Kitchen - Eat-In, Entry Level Bedroom, Built-Ins, Chair Railings, Upgraded Countertops, Crown Moldings, Window Treatments, Primary Bath(s), Wet/Dry Bar, Whirlpool/Hottub, Wood Floors, Floor Plan - Traditional
  • Window Features: Bay/Bow, Skylights, Screens, Casement
  • Fireplace Features: Fireplace - Glass Doors, Mantel(s)
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Beamed Ceilings, Dry Wall, Wood Walls
  • Entry Location: Foyer
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Study, Laundry, Loft, Attic
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 4905
  • Living Area Sq Ft: 4905
  • Price Per Sq Ft: 363.91
  • Above Grade Finished Sq Ft: 4905
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 802

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Brick
  • Roof: Composite
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage, Attached, Asphalt Driveway
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s), Heat Pump(s), Programmable Thermostat, Dehumidifier
  • Heating Fuel: Electric
  • Heating Type: Central, Forced Air, Heat Pump(s), Programmable Thermostat
  • Heating: Yes
  • Hot Water: Electric, Multi-Tank
  • Security: 24 Hour 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, Newspaper Service, Picnic Area, Security, Water/Lake Privileges
  • 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

Lot Info

  • Fencing: Decorative, Partially
  • Improvement Assessed Value: 553100.00
  • Land Assessed Value: 860400.00
  • Lot Features: Landscaping, Premium
  • Lot Size Acres: 1.60
  • Lot Size Area: 69696
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 69696.00
  • Outdoor Living Structures: Patio(s), Roof
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: R1

Building Info

  • Builder Name: BERT WINCHESTER CONSTRUCTION

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15224383
  • Tax Annual Amount: 18291.86
  • Assessor Parcel Number: 020335090040238
  • Tax Lot: 221
  • Tax Total Finished Sq Ft: 5009
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 09/21/2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2018
Closed on
Sep 21, 2018
Sold by
Baldiswieler Charles William
Bought by
Abrams James Michael and Abrams Lisa S
Seller's Agent
Sarah Kanne
Gibson Island Real Estate INC
Buyer's Agent
Sarah Kanne
Gibson Island Real Estate INC
List Price
$1,885,000
Sold Price
$1,687,500
Premium/Discount to List
-$197,500
-10.48%
Current Estimated Value
$2,507,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$819,520
Avg. Annual Appreciation
6.22%

Purchase Details

Closed on
Mar 13, 2018
Sold by
Baldiswieler Charles W and Baldiswieler Charles William
Bought by
Baldiswieler Charles William and Baldiswieler Charles William

Purchase Details

Listed on
Oct 17, 2016
Closed on
Dec 20, 2016
Sold by
Foxc Rhea I
Bought by
Baldiswieler Charles W
Seller's Agent
Sarah Kanne
TTR Sotheby's International Realty
Buyer's Agent
Corey Burr
TTR Sotheby's International Realty
List Price
$1,595,000
Sold Price
$1,562,500
Premium/Discount to List
-$32,500
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$141,350
Interest Rate
4.13%

Purchase Details

Closed on
Oct 21, 2009
Sold by
Fox Rhea L
Bought by
Fox Rhea L

Purchase Details

Closed on
Apr 22, 2009
Sold by
Fox Rhea L
Bought by
Fox Rhea L and Fox Harold E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
4.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2007
Sold by
Fox Harold E
Bought by
Fox Rhea L

Purchase Details

Closed on
Jun 10, 1998
Sold by
Conrad Nancy M
Bought by
Fox Harold E and Fox Rhea L
Source: Public Records

Range of Values:

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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
Abrams James Michael $1,687,500 New World Title Co Llc
Baldiswieler Charles William -- None Available
Baldiswieler Charles W $1,562,500 Atlantic Title & Escrow Co
Fox Rhea L -- --
Fox Rhea L -- --
Fox Rhea L -- --
Fox Rhea L -- --
Fox Harold E $660,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fox Harold $141,350
Previous Owner Fox Rhea L $678,470
Previous Owner Fox Rhea L $472,000
Closed Fox Harold E --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2018 09/21/18 Sold $1,687,500 -5.5% $344 / Sq Ft
08/26/2018 08/26/18 Pending -- -- --
05/27/2018 05/27/18 Price Changed $1,785,000 -5.3% $364 / Sq Ft
05/03/2018 05/03/18 For Sale $1,885,000 +20.6% $384 / Sq Ft
12/20/2016 12/20/16 Sold $1,562,500 -2.0% $319 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
10/17/2016 10/17/16 For Sale $1,595,000 -- $325 / 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 $23,675 $2,164,233 -- --
2024 $23,675 $1,747,600 $1,010,400 $737,200
2023 $22,727 $1,681,367 $0 $0
2022 $21,071 $1,615,133 $0 $0
2021 $20,211 $1,548,900 $980,400 $568,500
2020 $19,638 $1,503,767 $0 $0
2019 $19,066 $1,458,633 $0 $0
2018 $14,333 $1,413,500 $860,400 $553,100
2017 $13,785 $1,413,500 $0 $0
2016 -- $1,413,500 $0 $0
2015 -- $1,591,800 $0 $0
2014 -- $1,591,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000480164

Bright MLS

APN: 03-350-90040238