NOT LISTED FOR SALE

87 Lee Way Elkton, MD 21921

Estimated Value: $557,000 - $879,000

5 Beds
4.5 Baths
5,403 Sq Ft
$133/Sq Ft Est. Value

Last Sold May 31, 2012

Last sale price $345,000 $64 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $4,359/month

Highlights

  • Open Floorplan
  • Wood Flooring
  • 1 Fireplace
  • Colonial Architecture
  • Whirlpool Bathtub
  • Mud Room

About This Home

As of May 2012

BEAUTIFUL LARGE HOME. 5 BEDROOMS, 4.5 BATHS, SUPER SIZE KITCHEN/DINING AREA, LARGE MASTER W/FIREPLACE/SITTING ROOM, UPPER LEVEL 16X16 LAUNDRY ROOM. FULL WALKOUT BASEMENT/PARTIALLY FINISHED WITH BATH/KITCHEN. AND 3 OTHER ROOMS. 3 CAR GARAGE, DECK OFF KITCHEN AND ONE OFF MASTER BEDROOM. (Co-broke commission will not be paid unless cobroke arranges and attends ALL showings).

Last Agent to Sell the Property

Tinamarie Reamy

(443) 309-1722 Tinamariereamy@gmail.com Coldwell Banker Chesapeake Real Estate License #535043 Listed on: 10/28/2011

Coldwell Banker Chesapeake Real Estate

Last Buyer's Agent

Tinamarie Reamy

(443) 309-1722 Tinamariereamy@gmail.com Coldwell Banker Chesapeake Real Estate License #535043 Listed on: 10/28/2011

Coldwell Banker Chesapeake Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,193

Year Built

  • Built in 2009

Lot Details

  • 1.02 Acre Lot
  • Property is in very good condition
  • Property is zoned NAR

HOA Fees

  • $9 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Stone Siding
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 5,403 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • 1 Fireplace
  • Flue
  • Mud Room
  • Entrance Foyer
  • Family Room Off Kitchen
  • Sitting Room
  • Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Country Kitchen
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 4.5 Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Partially Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Rear Basement Entry

Utilities

  • Cooling System Utilizes Bottled Gas
  • Forced Air Zoned Heating and Cooling System
  • Programmable Thermostat
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 0803126021

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,193

Year Built

Built in 2009

Lot Details

0

HOA Fees

$9 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 2009
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Interior Amenities: Family Room Off Kitchen, Kitchen - Country, Dining Area, Upgraded Countertops, Primary Bath(s), Wood Floors, Whirlpool/Hottub, Floor Plan - Open
  • Fireplace Features: Flue For Stove
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Den, Foyer, Laundry, Mud Room
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Rear Entrance, Heated, Partially Finished, Walkout Level
  • Living Area Units: Square Feet
  • Total Sq Ft: 5403
  • Living Area Sq Ft: 5403
  • Price Per Sq Ft: 69.41
  • Above Grade Finished Sq Ft: 5403
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stone, Stucco, Vinyl Siding
  • Construction Completed: No
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Garage
  • Garage Features: Garage Door Opener, Garage - Side Entry
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Bottled Gas
  • Cooling Type: Central A/C, Programmable Thermostat
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Programmable Thermostat, Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 110.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 403800.00
  • Land Assessed Value: 86900.00
  • Lot Size Acres: 1.02
  • Lot Size Area: 44431
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 44431.00
  • Property Condition: Very Good
  • Year Assessed: 2011
  • Zoning: NAR

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5573319
  • Tax Annual Amount: 5192.65
  • Assessor Parcel Number: 0803126021
  • Tax Lot: 12
  • Tax Page Number: 47
  • Tax Total Finished Sq Ft: 5483
  • County Tax Payment Frequency: Annually
  • Tax Year: 2010
  • Close Date: 05/31/2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2014
Sold by
Denk Sarah M and Denk Schimmel Sarah Michelle
Bought by
Denk Schimmel Sarah Michelle and Schimmel Joseph William
Current Estimated Value
$718,321

Purchase Details

Listed on
Oct 28, 2011
Closed on
May 31, 2012
Sold by
6 Pearl Street Llc
Bought by
Denk Sarah M
Seller's Agent
Tinamarie Reamy
Coldwell Banker Chesapeake Real Estate
Buyer's Agent
Tinamarie Reamy
Coldwell Banker Chesapeake Real Estate
List Price
$399,000
Sold Price
$345,000
Premium/Discount to List
-$54,000
-13.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%
Original Mortgage
$276,000
Outstanding Balance
$191,457
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$526,864

Purchase Details

Closed on
Aug 20, 2011
Sold by
Oconnor Cynthia E
Bought by
6 Pearl Street Llc

Purchase Details

Closed on
Oct 31, 2008
Sold by
Larson'S L& Investments Llc
Bought by
Lee D Larson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.13%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 29, 2008
Sold by
Larson'S L& Investments Llc
Bought by
Lee D Larson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.13%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Denk Schimmel Sarah Michelle -- Kirsh Title Services Inc
Denk Sarah M $345,000 Kirsh Title Services Inc
6 Pearl Street Llc $350,000 None Available
Lee D Larson $175,000 --
Lee D Larson $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Denk Sarah M $276,000
Previous Owner Lee D Larson $375,000
Previous Owner Lee D Larson $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2012 05/31/12 Sold $345,000 -8.0% $64 / Sq Ft
04/02/2012 04/02/12 Pending -- -- --
03/05/2012 03/05/12 Price Changed $374,999 -6.0% $69 / Sq Ft
01/26/2012 01/26/12 For Sale $399,000 +15.7% $74 / Sq Ft
01/26/2012 01/26/12 Off Market $345,000 -- --
01/04/2012 01/04/12 Price Changed $399,000 -5.0% $74 / Sq Ft
10/28/2011 10/28/11 For Sale $419,900 -- $78 / 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 $6,639 $648,900 $101,900 $547,000
2024 $6,022 $611,867 $0 $0
2023 $5,169 $574,833 $0 $0
2022 $6,033 $537,800 $101,900 $435,900
2021 $5,912 $537,800 $101,900 $435,900
2020 $5,761 $537,800 $101,900 $435,900
2019 $5,620 $586,900 $82,400 $504,500
2018 $5,395 $554,833 $0 $0
2017 $5,158 $522,767 $0 $0
2016 $4,514 $490,700 $0 $0
2015 $4,514 $442,133 $0 $0
2014 $5,100 $393,567 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004627946

Bright MLS

APN: 03-126021