NOT LISTED FOR SALE

803 Rackham Rd Gibson Island, MD 21056

Estimated Value: $2,616,266 - $3,376,000

4 Beds
4 Baths
4,663 Sq Ft
$665/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $1,900,000 $407 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $18,354/month

Highlights

  • Water Views
  • Beach
  • In Ground Pool
  • Boat Dock
  • 24-Hour Security
  • Gated Community

About This Home

As of April 2014

With architectural details throughout, this French Normandy chateau was one of the first homes constructed on Gibson Island in 1926. Expertly sited on 1.44 acres with views of the Chesapeake Bay. The gardens were exceptionally well designed with mature plantings. Note the heated pool, large conservatory and glass sunroom from England, herringbone brick fireplace, & wide plank floors. Welcome home!

Last Agent to Sell the Property

Ellie Shorb

(240) 338-8919 shorbellie@gmail.com Compass License #0225091415 Listed on: 02/03/2014

Compass

Co-Listed By

Lorin Culver

(301) 310-6456 lorin.culver@cbrealty.com Coldwell Banker Realty License #SP98374312

Last Buyer's Agent

Ellie Shorb

(240) 338-8919 shorbellie@gmail.com Compass License #0225091415 Listed on: 02/03/2014

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,152

Year Built

  • Built in 1926 | Remodeled in 1990

Lot Details

  • 1.44 Acre Lot
  • Partially Fenced Property
  • Landscaped
  • Sprinkler System
  • Property is in very good condition
  • Property is zoned R1

HOA Fees

  • $469 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Side Facing Garage

Property Views

  • Water
  • Scenic Vista
  • Garden

Home Design

  • French Architecture
  • Permanent Foundation
  • Wood Roof
  • Stone Siding

Interior Spaces

  • Property has 3 Levels
  • Vaulted Ceiling
  • 2 Fireplaces
  • Fireplace Mantel
  • Window Treatments
  • French Doors
  • Family Room Off Kitchen
  • Security Gate
  • Dryer

Kitchen

  • Breakfast Area or Nook
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 4 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Lake Privileges
  • Enclosed Patio or Porch

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Programmable Thermostat
  • 60+ Gallon Tank
  • Septic Tank

Listing and Financial Details

  • Tax Lot 218
  • Assessor Parcel Number 020335015261300

Community Details

Overview

  • Association fees include road maintenance, trash
  • $39 Other Monthly Fees
  • Gibson Island Subdivision

Recreation

  • Boat Dock
  • Beach
  • Golf Course Membership Available
  • Community Playground
  • Jogging Path
  • Bike Trail

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,152

Year Built

Built in 1926 | Remodeled in 1990

Lot Details

0

HOA Fees

$469 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: French
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Parking Included In ListPrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1926
  • Year Renovated: 1990
  • Remarks Public: With architectural details throughout, this French Normandy chateau was one of the first homes constructed on Gibson Island in 1926. Expertly sited on 1.44 acres with views of the Chesapeake Bay. The gardens were exceptionally well designed with mature plantings. Note the heated pool, large conservatory and glass sunroom from England, herringbone brick fireplace, & wide plank floors. Welcome home!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer
  • Interior Amenities: Family Room Off Kitchen, Breakfast Area, Window Treatments
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: French
  • Wall Ceiling Types: Vaulted Ceilings
  • Entry Location: Living Room
  • Foundation Details: Permanent
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Street Number Modifier: 803

Beds/Baths

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

Exterior Features

  • Construction Materials: Stone
  • Construction Completed: No
  • Exterior Features: Underground Lawn Sprinkler
  • Pool Features: In Ground
  • Roof: Wood
  • View: Garden/Lawn, Scenic Vista, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Programmable Thermostat, Central A/C
  • Heating Fuel: Oil
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Security: Security Gate, 24 Hour Security
  • Sewer/Septic System: Septic Exists
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 469.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Beach, Bike Trail, Boat Dock/Slip, Gated Community, Golf Course Membership Available, Jog/Walk Path, Security, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Road Maintenance, Trash
  • HOA: Yes

Fee Information

  • Other Fees: 39.00
  • Other Fees Frequency: Monthly

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 456200.00
  • Land Assessed Value: 1036600.00
  • Lot Features: Landscaping
  • Lot Size Acres: 1.44
  • Lot Size Area: 62790
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 62790.00
  • Outdoor Living Structures: Patio(s), Enclosed
  • Property Condition: Very Good
  • Year Assessed: 2013
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15224248
  • Tax Annual Amount: 16151.54
  • Assessor Parcel Number: 020335015261300
  • Tax Lot: 218
  • Tax Total Finished Sq Ft: 4667
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013
  • Close Date: 04/30/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2014
Closed on
Apr 30, 2014
Sold by
Lewis Henry and Lewis Margaret G
Bought by
Stautberg James S
Seller's Agent
Ellie Shorb
Compass
Buyer's Agent
Ellie Shorb
Compass
List Price
$1,985,000
Sold Price
$1,900,000
Premium/Discount to List
-$85,000
-4.28%
Current Estimated Value
$3,098,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,198,567
Avg. Annual Appreciation
4.36%
Original Mortgage
$1,520,000
Outstanding Balance
$1,103,770
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,994,797
Source: Public Records

Range of Values:

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Average Value
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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
Stautberg James S $1,900,000 Paragon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stautberg James S $1,520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2014 04/30/14 Sold $1,900,000 -4.3% $407 / Sq Ft
03/11/2014 03/11/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $1,985,000 -- $426 / 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 $16,713 $1,549,367 -- --
2024 $16,713 $1,231,500 $1,008,600 $222,900
2023 $16,530 $1,221,000 $0 $0
2022 $15,815 $1,210,500 $0 $0
2021 $15,678 $1,200,000 $978,600 $221,400
2020 $15,561 $1,190,167 $0 $0
2019 $18,099 $1,384,300 $0 $0
2018 $11,869 $1,170,500 $858,600 $311,900
2017 $20,663 $1,616,333 $0 $0
2016 -- $1,554,567 $0 $0
2015 -- $1,492,800 $0 $0
2014 -- $1,492,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002823024

Bright MLS

APN: 03-350-15261300