NOT LISTED FOR SALE

83 Farragut Rd Annapolis, MD 21403

Estimated Value: $1,339,000 - $2,944,000

2 Beds
4 Baths
8,645 Sq Ft
$248/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $825,000 $95 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $12,423/month

Highlights

  • Home fronts navigable water
  • Colonial Architecture
  • No HOA
  • Water Access
  • 1 Fireplace
  • Community Pool

About This Home

As of October 2020

Desirable Bay Ridge Community, short walking distance to Chesapeake Bay and clubhouse with marina, pool, pickle ball court, & private beach. 83 Farragut Road is a property with great potential that is being offered for sale. The previous owner, an artist, was partially through a major renovation when work was halted. The structure as it exists today provides for numerous opportunities for a new buyer to customize the spacious interiors for their own needs. Working with the sellers, architects have provided some conceptual floor plans and exterior rendering design studies that present a few options for how this property can be transformed into your dream home. The design ideas presented should be viewed as a starting point from which the renovation can be further developed to serve your specific needs. We welcome you to study these plans and bring your own ideas for how this magnificent home could be tailored to your vision. This feature rich property provides: A prime location that is minutes from downtown Annapolis and easy walking distance to the Chesapeake Bay. The privacy of the home is greatly enhanced by the included adjacent conservation lot that will remain a permanent, unspoiled nature preserve. The current open floor plan provides unlimited possibilities as a magnificent family home, or a home including a built in office with private entrance, or a multi-generational home. All levels can easily be made elevator accessible. Both of the current front entrances are wheelchair accessible. Numerous recreational opportunities are available at the convenient neighborhood clubhouse. The hard construction work has been completed: the fun tasks of making this property your very own await your direction.

Last Agent to Sell the Property

Phil Gerdes

(443) 694-7366 philgerdes@thegerdesteam.com Real Broker, LLC - Annapolis License #0225261065 Listed on: 09/03/2020

Real Broker, LLC - Annapolis

Last Buyer's Agent

Phil Gerdes

(443) 694-7366 philgerdes@thegerdesteam.com Real Broker, LLC - Annapolis License #0225261065 Listed on: 09/03/2020

Real Broker, LLC - Annapolis

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,904

Year Built

  • Built in 1954

Lot Details

  • 0.69 Acre Lot
  • Home fronts navigable water
  • Property is zoned R2

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 8,645 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Water Access
  • Property near a bay

Utilities

  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 020204711314400

Community Details

Overview

  • No Home Owners Association
  • Bay Ridge Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,904

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 1954
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Foundation Details: Crawl Space
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 8645
  • Living Area Sq Ft: 8645
  • Price Per Sq Ft: 132.45
  • Above Grade Finished Sq Ft: 8645
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 598600.00
  • Land Assessed Value: 530500.00
  • Lot Size Acres: 0.69
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 30018.00
  • Zoning: R2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15170792
  • Tax Annual Amount: 11904.00
  • Assessor Parcel Number: 020204711314400
  • Tax Lot: 47
  • 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
Sep 3, 2020
Closed on
Sep 30, 2020
Sold by
Layton Sarah and Estate Of Barbara A Sublett
Bought by
Gerdes Phillippe and Gerdes Victoria
Seller's Agent
Phil Gerdes
Real Broker, LLC - Annapolis
Buyer's Agent
Phil Gerdes
Real Broker, LLC - Annapolis
List Price
$1,145,000
Sold Price
$825,000
Premium/Discount to List
-$320,000
-27.95%
Current Estimated Value
$2,142,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,317,286
Avg. Annual Appreciation
20.27%
Original Mortgage
$1,061,561
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2002
Sold by
Bay Ridge Civic Assoc Inc
Bought by
Sublett Barbara A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gerdes Phillippe $825,000 Sage Title Group Llc
Sublett Barbara A $37,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerdes Phillippe $1,061,561
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2020 10/02/20 Sold $825,000 -27.9% $95 / Sq Ft
09/03/2020 09/03/20 For Sale $1,145,000 -- $132 / 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 $13,713 $1,583,333 -- --
2024 $13,713 $1,433,867 $0 $0
2023 $12,958 $1,284,400 $680,500 $603,900
2022 $12,211 $1,232,633 $0 $0
2021 $23,885 $1,180,867 $0 $0
2020 $9,732 $1,129,100 $530,500 $598,600
2019 $19,173 $1,108,500 $0 $0
2018 $11,031 $1,087,900 $0 $0
2017 $8,865 $1,067,300 $0 $0
2016 -- $1,029,233 $0 $0
2015 -- $991,167 $0 $0
2014 -- $953,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDAA445514

Bright MLS

APN: 02-047-11314400