NOT LISTED FOR SALE

88 E Lake Dr Annapolis, MD 21403

Estimated Value: $2,366,188 - $3,132,000

5 Beds
3.5 Baths
3,788 Sq Ft
$703/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $1,675,000 $442 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $15,909/month

Highlights

  • Boathouse
  • Private Dock Site
  • Bay View
  • 200 Feet of Waterfront
  • Parking available for a boat
  • Deck

About This Home

As of February 2022

WATER FRONT LIVING IN BAY RIDGE! 5 Bedrooms, 3 Full Bathrooms and 1 half bath with a Boathouse that is grandfathered into property. Stainless Appliances, Double Oven/ Convection. Over 200 Ft of waterfront land that has been professionally landscaped/ hardscaped and maintained. 2nd Floor Laundry and large closets in bedrooms with a study/office or excercise room off of the first bedroom. Basement has an in-law apartment with full kitchen, bathroom, bedroom and rear entrance. HVAC is 7 years and water heater is 3 years. Boathouse has a kithen, full bath and upper level room for recreation/entertaining and 2 piers. Long Driveway with 8+ parking spaces. Community Pool available with membership. Community boat ramp. This home is sold AS IS and is waiting for the next adventure. Bring your ideas, creativity and imagination to this beautiful lot! Oh and NO HOA!

Owner needs 45 days post settlement to clear out with no rent back.

Last Agent to Sell the Property

Diane Superczynski

Douglas Realty, LLC Listed on: 09/06/2021

Douglas Realty, LLC

Last Buyer's Agent

Michele Deckman

TTR Sotheby's International Realty

TTR Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,321

Year Built

  • Built in 1981

Lot Details

  • 0.37 Acre Lot
  • 200 Feet of Waterfront
  • Home fronts navigable water
  • Landscaped
  • Extensive Hardscape
  • Premium Lot
  • Open Lot
  • Cleared Lot
  • Back Yard
  • Property is zoned R2

Parking

  • 2 Car Attached Garage
  • 8 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener
  • Parking available for a boat

Property Views

  • Bay
  • Panoramic
  • Garden

Home Design

  • Contemporary Architecture
  • Permanent Foundation

Interior Spaces

  • Property has 2 Levels
  • Wood Ceilings
  • Skylights
  • 2 Fireplaces
  • Atrium Windows
  • Laundry on upper level

Kitchen

  • Built-In Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher

Flooring

  • Solid Hardwood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

Finished Basement

  • Walk-Up Access
  • Rear Basement Entry

Accessible Home Design

  • Chairlift

Outdoor Features

  • Canoe or Kayak Water Access
  • Property is near a lake
  • Property Near A Cove
  • Personal Watercraft
  • Sail
  • Bulkhead
  • Boathouse
  • Private Dock Site
  • Powered Boats Permitted
  • Multiple Balconies
  • Deck
  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 020204702786503

Community Details

Overview

  • No Home Owners Association
  • Bay Ridge Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,321

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Accessibility Features: Chairlift
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1981
  • Automatically Close On Close Date: No
  • Remarks Public: WATER FRONT LIVING IN BAY RIDGE! 5 Bedrooms, 3 Full Bathrooms and 1 half bath with a Boathouse that is grandfathered into property. Stainless Appliances, Double Oven/ Convection. Over 200 Ft of waterfront land that has been professionally landscaped/ hardscaped and maintained. 2nd Floor Laundry and large closets in bedrooms with a study/office or excercise room off of the first bedroom. Basement has an in-law apartment with full kitchen, bathroom, bedroom and rear entrance. HVAC is 7 years and water heater is 3 years. Boathouse has a kithen, full bath and upper level room for recreation/entertaining and 2 piers. Long Driveway with 8+ parking spaces. Community Pool available with membership. Community boat ramp. This home is sold AS IS and is waiting for the next adventure. Bring your ideas, creativity and imagination to this beautiful lot! Oh and NO HOA! Owner needs 45 days post settlement to clear out with no rent back.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Built-In Microwave, Oven - Wall, Refrigerator, Cooktop
  • Flooring Type: Solid Hardwood, Ceramic Tile, Carpet
  • Window Features: Skylights, Atrium
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall, Wood Ceilings
  • Foundation Details: Permanent
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Fully Finished, Outside Entrance, Rear Entrance, Walkout Stairs
  • Laundry Type: Upper Floor
  • Total Sq Ft: 3924
  • Living Area Sq Ft: 3788
  • Price Per Sq Ft: 680.79
  • Above Grade Finished Sq Ft: 2644
  • Below Grade Finished Sq Ft: 1144
  • Below Grade Sq Ft: 136
  • Total Below Grade Sq Ft: 1280
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 88

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Boat House
  • Exterior Features: Extensive Hardscape, Boat Storage
  • Road Surface Type: Paved
  • Spa: No
  • View: Bay, Garden/Lawn, Panoramic, Water
  • Water Access Features: Boat - Powered, Personal Watercraft (PWC), Sail, Canoe/Kayak
  • Water Access: Yes
  • Water Body Name: Lake Ogleton
  • Water Body Type: Cove
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 200

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Additional Storage Area, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 8

Utilities

  • Refuse: 341.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • School District Key: 121140671932
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 358400.00
  • Land Assessed Value: 1071700.00
  • Land Use Code: 011
  • Lot Features: Bulkheaded, Cleared, Landscaping, Open, Premium, Rear Yard
  • Lot Size Acres: 0.37
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16035.00
  • Outdoor Living Structures: Balconies- Multiple, Deck(s), Patio(s)
  • Year Assessed: 2021
  • Zoning: R2
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 15170519
  • Tax Annual Amount: 16321.00
  • Assessor Parcel Number: 020204702786503
  • Tax Lot: 29
  • Tax Total Finished Sq Ft: 3788
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 02/18/2022

Multi Family

  • Mean Low Water Feet: 6
  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2021
Closed on
Feb 18, 2022
Sold by
Collins Richard A
Bought by
Bateman Peter and Pattison Lesley
Seller's Agent
Diane Superczynski
Douglas Realty, LLC
Buyer's Agent
Michele Deckman
TTR Sotheby's International Realty
List Price
$2,500,000
Sold Price
$1,675,000
Premium/Discount to List
-$825,000
-33%
Current Estimated Value
$2,664,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$989,729
Avg. Annual Appreciation
13.77%
Original Mortgage
$647,200
Interest Rate
3.69%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Bateman Peter $1,675,000 Eagle Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bateman Peter $647,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2022 02/18/22 Sold $1,675,000 -6.9% $442 / Sq Ft
01/09/2022 01/09/22 Price Changed $1,800,000 -14.3% $475 / Sq Ft
11/05/2021 11/05/21 Price Changed $2,100,000 -8.7% $554 / Sq Ft
09/24/2021 09/24/21 Price Changed $2,300,000 -8.0% $607 / Sq Ft
09/06/2021 09/06/21 For Sale $2,500,000 -- $660 / 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 $20,533 $2,620,433 -- --
2024 $20,533 $2,173,867 $0 $0
2023 $19,730 $1,727,300 $1,288,500 $438,800
2022 $18,473 $1,628,233 $0 $0
2021 $20,560 $1,529,167 $0 $0
2020 $9,957 $1,430,100 $1,071,700 $358,400
2019 $19,257 $1,430,100 $1,071,700 $358,400
2018 $14,501 $1,430,100 $1,071,700 $358,400
2017 $9,248 $1,435,200 $0 $0
2016 -- $1,435,200 $0 $0
2015 -- $1,435,200 $0 $0
2014 -- $1,511,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA2009110

Bright MLS

APN: 02-047-02786503