NOT LISTED FOR SALE

962 Walnut Ave North Beach, MD 20714

Estimated Value: $671,000 - $865,882

2 Beds
1.5 Baths
1,056 Sq Ft
$765/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $307,000 $291 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $4,736/month

82 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Colonial Architecture
  • Baseboard Heating
  • Water Oriented
  • Combination Kitchen and Living
  • Water Conditioner is Owned

About This Home

As of April 2016

WATERFRONT!! Fabulous views of Chesapeake Bay!! Value in land but older 2 bedroom 1-1/2 bath two story house is livable with some minor repairs. Outstanding views from master bedroom and living room! Perfect for summer getaway. Only minutes from North Beach town center.

Last Agent to Sell the Property

Thomas Burke

(443) 968-9213 tom@burkerealtyllc.com Burke Realty, LLC Listed on: 11/14/2015

Last Buyer's Agent

Jennie Melvin

(443) 223-2771 jennie.melvin@compass.com Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,332

Year Built

  • Built in 1930

Lot Details

  • 7,500 Sq Ft Lot
  • 75 Feet of Waterfront
  • Property is zoned R5

HOA Fees

  • $2 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding
  • Cedar

Interior Spaces

  • Property has 2 Levels
  • Combination Kitchen and Living
  • Water Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Range Hood

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1.5 Bathrooms

Outdoor Features

  • Water Oriented
  • Property near a bay
  • Rip-Rap
  • Waterfront Park

Utilities

  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Water Conditioner is Owned
  • Grinder Pump

Community Details

  • North Beach Park Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 020857900383700

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,332

Year Built

Built in 1930

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric, Range Hood, Refrigerator, Washer/Dryer Stacked, Water Conditioner - Owned
  • Interior Amenities: Combination Kitchen/Living
  • Fireplace: No
  • Foundation Details: Slab
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Vinyl Siding, Cedar
  • Pool Private: No
  • Roof: Asphalt
  • View: Water
  • View: Yes
  • Water Access: No
  • Water Body Name: CHESAPEAKE BAY
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 75

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Grinder Pump, Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 25.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Improvement Assessed Value: 75600.00
  • Land Assessed Value: 314800.00
  • Lot Size Acres: 0.17
  • Lot Size Area: 7500
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Property Attached Yn: No
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15333101
  • Tax Annual Amount: 4332.43
  • Assessor Parcel Number: 020857900383700
  • Tax Lot: 6
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

Multi Family

  • Dock Slip Conveyance: None Available
  • Waterfront Features: Rip-Rap, Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2015
Closed on
Apr 8, 2016
Sold by
Fannie Mae
Bought by
Erickson Richard and Galler Suzie
Seller's Agent
Thomas Burke
Burke Realty, LLC
Buyer's Agent
Jennie Melvin
Compass
List Price
$367,500
Sold Price
$307,000
Premium/Discount to List
-$60,500
-16.46%
Current Estimated Value
$808,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$501,221
Avg. Annual Appreciation
10.43%
Original Mortgage
$442,106
Outstanding Balance
$352,031
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$456,190
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Erickson Richard $307,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erickson Richard $442,106
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2016 04/08/16 Sold $307,000 -6.7% $291 / Sq Ft
02/04/2016 02/04/16 Pending -- -- --
01/21/2016 01/21/16 Price Changed $328,900 -3.3% $311 / Sq Ft
12/18/2015 12/18/15 Price Changed $340,000 -7.5% $322 / Sq Ft
11/14/2015 11/14/15 For Sale $367,500 -- $348 / 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 $6,149 $761,667 -- --
2024 $6,149 $692,333 $0 $0
2023 $5,910 $623,000 $399,300 $223,700
2022 $5,516 $597,900 $0 $0
2021 $94 $572,800 $0 $0
2020 $5,270 $547,700 $399,300 $148,400
2019 $5,178 $495,067 $0 $0
2018 $94 $442,433 $0 $0
2017 $4,805 $389,800 $0 $0
2016 $94 $389,800 $0 $0
2015 $94 $389,800 $0 $0
2014 -- $390,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Burke

    Seller's Agent in 2016

    Thomas Burke

    Burke Realty, LLC

    (443) 968-9213

    Thomas Burke
    Section Image
  • Jennie Melvin

    Buyer's Agent in 2016

    Jennie Melvin

    Compass

    (443) 223-2771

    31 Total Sales

    Jennie Melvin
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001291197

Bright MLS

APN: 08-579-00383700

Maryland Anne Arundel County North Beach 20714

962 Walnut Ave, North Beach, MD

Not Listed for Sale

Detached

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