NOT LISTED FOR SALE

Estimated Value: $772,000 - $1,069,000

-- Bed
-- Bath
-- Sq Ft
7,500 Sq Ft Lot

Last Sold September 28, 2012

Last sale price $230,000

Est. 283% increase in value since last sale

Current estimated payment $5,361/month

97 Days on Market

Highlights

  • 55 Feet of Waterfront
  • Pier
  • 3 Powered Boats Permitted
  • 1 Boat Dock
  • No HOA

About This Home

As of September 2012

Prime Miller Island "deep water" waterfront lot to build your dream home! Approx 7,500 sqft & 55ft frontage w/ pier. Enjoy stunning waterfront views from this perfectly situated lot. Zoned for resid & Com use. Approx 150' pier. Pier is sold "as-is". Previously a home on this lot & has public sewer & water. Located on same block as Bills Yacht Basin Marina & 1 block from Dock of the Bay Restaurant

Last Listed By

Ronald Howard

RE/MAX Advantage Realty License #524502 Listed on: 05/11/2012

RE/MAX Advantage Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,076

Year Built

  • 1500

Lot Details

  • 7,500 Sq Ft Lot
  • 55 Feet of Waterfront
  • Home fronts navigable water

Home Design

  • Fixer Upper

Outdoor Features

  • Pier
  • Water Access
  • Physical Dock Slip Conveys
  • 1 Boat Dock
  • 3 Powered Boats Permitted
  • 3 Non-Powered Boats Permitted

Additional Features

  • Water Views
  • No Septic System

Community Details

  • No Home Owners Association
  • Swan Point Subdivision

Listing and Financial Details

  • Tax Lot 515
  • Assessor Parcel Number 04151508004231

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,076

Year Built

1500

Lot Details

0

Listing Details

  • Property Type: Residential
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1500
  • Remarks Public: Prime Miller Island "deep water" waterfront lot to build your dream home! Approx 7,500 sqft & 55ft frontage w/ pier. Enjoy stunning waterfront views from this perfectly situated lot. Zoned for resid & Com use. Approx 150' pier. Pier is sold "as-is". Previously a home on this lot & has public sewer & water. Located on same block as Bills Yacht Basin Marina & 1 block from Dock of the Bay Restaurant
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Basement: No
  • Living Area Units: Square Feet
  • Street Number Modifier: 9107

Exterior Features

  • Dock Type: Pier (Perpendicular)
  • Construction Completed: No
  • View: Water
  • Water Access: Yes
  • Water Body Name: CHESAPEAKE BAY
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 55

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic System

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 3500.00
  • Land Assessed Value: 225000.00
  • Lot Size Acres: 0.17
  • Lot Size Area: 7500
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Property Condition: Major Rehab Needed
  • Year Assessed: 2011

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11868217
  • Tax Annual Amount: 3076.39
  • Assessor Parcel Number: 04151508004231
  • Tax Lot: 515
  • Tax Total Finished Sq Ft: 2757
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011
  • Close Date: 09/28/2012

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Mean Low Water Feet: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2012
Closed on
Sep 28, 2012
Sold by
Ward Robert P and Ward Dale E
Bought by
Reitmeyer David and Reitmeyer Theresa Jean
Seller's Agent
Ronald Howard
RE/MAX Advantage Realty
Buyer's Agent
Dona Smith
Century 21 Don Gurney
List Price
$399,000
Sold Price
$230,000
Premium/Discount to List
-$169,000
-42.36%
Total Days on Market
97
Current Estimated Value
$881,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$651,891
Avg. Annual Appreciation
11.55%
Original Mortgage
$184,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2000
Sold by
Chalmers Karl A
Bought by
Ward Robert P and Ward Dale L

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
Reitmeyer David $230,000 Northco Title Corporation
Ward Robert P $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reitmeyer David $445,000
Closed Reitmeyer David $494,500
Closed Reitmeyer David $115,000
Closed Reitmeyer David $595,200
Previous Owner Reitmeyer David $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2012 09/28/12 Sold $230,000 -3.8% --
08/16/2012 08/16/12 Pending -- -- --
07/31/2012 07/31/12 Price Changed $239,000 -11.5% --
06/26/2012 06/26/12 Price Changed $270,000 -16.9% --
06/01/2012 06/01/12 Price Changed $325,000 -18.5% --
05/11/2012 05/11/12 For Sale $399,000 -- --
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
2024 $8,163 $601,900 $0 $0
2023 $3,715 $541,900 $228,000 $313,900
2022 $7,155 $516,433 $0 $0
2021 $7,679 $490,967 $0 $0
2020 $7,679 $465,500 $228,000 $237,500
2019 $6,975 $462,600 $0 $0
2018 $7,045 $459,700 $0 $0
2017 $6,551 $456,800 $0 $0
2016 -- $448,067 $0 $0
2015 -- $439,333 $0 $0
2014 -- $430,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003983306

Bright MLS

APN: 15-1508004231