Seller's Agent in 2021
Brad Kappel
TTR Sotheby's International Realty
(410) 279-9476
49 in this area
414 Total Sales
988 Forest Dr Arnold, MD 21012
Estimated Value: $1,273,000 - $2,391,000
7
Beds
5.5
Baths
7,090
Sq Ft
$239/Sq Ft
Est. Value
Highlights
- 217 Feet of Waterfront
- Boat Ramp
- Beach
- Magothy River Middle School Rated A-
- 5 Dock Slips
- Pier
About This Home
As of August 2021Escape to "Tusculum" a glorious waterfront estate on the shores of the Magothy. This striking, all brick waterfront manor sits on a flat 1.2-acre double lot with 217 feet of water frontage and plenty of room for an in-ground pool. Live the waterfront lifestyle and entertain inside and out from this exquisite retreat with breathtaking views of the Magothy River, Gibson Island and the Chesapeake Bay. Premium quality, low-maintenance materials were used throughout the elegant, 7,000 sqft, custom home boasting 7 bedrooms, 6 bathrooms and a light-filled, 2-story entrance with grand staircase and soaring ceilings. Other fine features include: 3-zone Geo-thermal HVAC, 75KW Generator, 3-car garage, circular driveway and 217 ft of bulkhead/stone revetment. The expansive pier complex is the perfect launching point for the boating enthusiast, providing quick access by boat to the Chesapeake Bay. The sale includes a charming guest cottage, which sits on the adjacent waterfront property (986 Forest Drive - Tax id# 020374990007934). The Shore Acres community beach, picnic area and boat ramp are just one block away, and the property is located in the highly coveted Broadneck school district. It’s the perfect location to quickly access downtown Annapolis for shopping and dining or jump on Rt. 50 to get back to Washington, DC. If you’re looking for a fabulous property in a great neighborhood setting with the complete waterfront package, this is absolutely the best value on the market! To explore the property without leaving your home, be sure to view the HD Video Tour.
Last Agent to Sell the Property
(410) 279-9476 brad.kappel@sothebysrealty.com TTR Sotheby's International Realty Listed on: 04/08/2021
Last Buyer's Agent
(410) 608-2181 lauraolander1@gmail.com Coastal Realty Maryland License #81237
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,216
Year Built
- Built in 1981 | Remodeled in 2009
Lot Details
- 1.22 Acre Lot
- 217 Feet of Waterfront
- Home fronts navigable water
- Masonry wall
- Decorative Fence
- Landscaped
- Extensive Hardscape
- No Through Street
- Private Lot
- Premium Lot
- Level Lot
- Front Yard
- Detached Guest House located on 986 Forest Drive (Tax id# 020374990007934) - Sold "AS IS"
- Property is in very good condition
- Property is zoned R2
Parking
- 3 Car Direct Access Garage
- Front Facing Garage
- Garage Door Opener
- Circular Driveway
- Off-Street Parking
Property Views
- Bay
- River
- Panoramic
- Scenic Vista
Home Design
- Coastal Architecture
- French Architecture
- Brick Exterior Construction
- Architectural Shingle Roof
Interior Spaces
- 7,090 Sq Ft Home
- Property has 4 Levels
- Curved or Spiral Staircase
- Built-In Features
- Chair Railings
- Crown Molding
- Beamed Ceilings
- Cathedral Ceiling
- Recessed Lighting
- 2 Fireplaces
- Wood Burning Stove
- Wood Burning Fireplace
- Brick Fireplace
- Great Room
- Family Room Off Kitchen
- Combination Kitchen and Living
- Dining Room
- Den
- Loft
- Sun or Florida Room
- Utility Room
Kitchen
- Gourmet Country Kitchen
- Kitchenette
- Breakfast Area or Nook
- Double Oven
- Cooktop
- Dishwasher
- Kitchen Island
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- Soaking Tub
Laundry
- Front Loading Dryer
- Front Loading Washer
Accessible Home Design
- Level Entry For Accessibility
Outdoor Features
- Pier
- Access to Tidal Water
- Canoe or Kayak Water Access
- Private Water Access
- River Nearby
- Personal Watercraft
- Bulkhead
- Rip-Rap
- Swimming Allowed
- 5 Dock Slips
- Physical Dock Slip Conveys
- Dock made with Treated Lumber
- Stream or River on Lot
- Powered Boats Permitted
- Lake Privileges
- Patio
- Exterior Lighting
Location
- Flood Zone Lot
- Flood Risk
Schools
- Broadneck Elementary School
- Magothy River Middle School
- Broadneck High School
Utilities
- Zoned Heating
- Heat Pump System
- Vented Exhaust Fan
- Geothermal Heating and Cooling
- Programmable Thermostat
- Water Treatment System
- Well
- Tankless Water Heater
- Propane Water Heater
- Water Conditioner is Owned
- Municipal Trash
- Septic Tank
- Community Sewer or Septic
Listing and Financial Details
- Tax Lot 23
- Assessor Parcel Number 020374990007935
Community Details
Overview
- No Home Owners Association
- Shore Acres Subdivision
Recreation
- Boat Ramp
- Boat Dock
- Beach
- Fishing Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 17, 2024
Sold by
Holmes Harry
Bought by
Holmes Harry and Holmes Kathryn Musselman
Current Estimated Value
Purchase Details
Listed on
Apr 8, 2021
Closed on
Aug 11, 2021
Sold by
Hinkleman Gregory John and Hinkleman Karen Marie
Bought by
Holmes Harry
Seller's Agent
Brad Kappel
TTR Sotheby's International Realty
Buyer's Agent
Laura Olander
Coastal Realty Maryland
List Price
$2,695,000
Sold Price
$2,000,000
Premium/Discount to List
-$695,000
-25.79%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.70%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Holmes Harry | -- | Admiral Title | |
| Holmes Harry | $2,000,000 | Eagle Title Llc |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/11/2021 08/11/21 | Sold | $2,000,000 | -19.8% | $282 / Sq Ft |
| 07/21/2021 07/21/21 | Pending | -- | -- | -- |
| 04/21/2021 04/21/21 | Price Changed | $2,495,000 | -7.4% | $352 / Sq Ft |
| 04/08/2021 04/08/21 | For Sale | $2,695,000 | -- | $380 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $8,522 | $793,800 | -- | -- |
| 2024 | $8,522 | $726,900 | $683,900 | $43,000 |
| 2023 | $14,749 | $1,350,600 | $0 | $0 |
| 2022 | $14,000 | $1,292,800 | $0 | $0 |
| 2020 | $8,473 | $1,235,000 | $543,900 | $691,100 |
| 2019 | $16,425 | $1,235,000 | $543,900 | $691,100 |
| 2018 | $13,009 | $1,282,900 | $601,900 | $681,000 |
| 2017 | $7,745 | $1,217,500 | $0 | $0 |
| 2016 | -- | $1,152,100 | $0 | $0 |
| 2015 | -- | $1,086,700 | $0 | $0 |
| 2014 | -- | $1,086,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Kappel
-
Laura Olander
Buyer's Agent in 2021
Laura Olander
Coastal Realty Maryland
(410) 608-2181
1 in this area
2 Total Sales
Map
Source: Bright MLS
MLS Number: MDAA461370
APN: 03-749-90007935
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