Seller's Agent in 2020
Mike Aubrey
BHHS PenFed (actual)
(301) 873-9807
338 Total Sales
1501 Lake Norwood Way Sandy Spring, MD 20860
Ashton-Sandy Spring NeighborhoodEstimated Value: $1,327,831 - $1,553,000
4
Beds
4.5
Baths
6,109
Sq Ft
$233/Sq Ft
Est. Value
Highlights
- Home Theater
- Gourmet Kitchen
- Dual Staircase
- Sherwood Elementary School Rated A
- Open Floorplan
- Colonial Architecture
About This Home
As of February 2020Welcome to Bancroft, Mitchell & Best's premier enclave of 44 elegant homes located in the richly historic Sandy Spring. These homes are characterized by classic architecture and fine detailing, reminiscent of the historical homes and landmarks of the surrounding area. This Newport model sits on a lot that is rich with greenery and has a charming front porch that overlooks it all. Hardwood floors grace the main level of the home, including the bonus sunroom that is light-infused with floor to ceiling windows. The centrally located kitchen has granite counters, new stainless-steel appliances, & a sizable island with room for seating. Oversized master suite has a separate sitting room, dual walk-in closets, and large master bath. 3 additional bedrooms and 2 additional full baths complete the upper level. Recently finished lower level comes equipped with a wet bar, full bath, rec room, media room, and 2nd fireplace. An unmatched setting in an ideal location surrounded by golf & country clubs with close proximity to private & public schools. HOA FEE IS $2100 PAID SEMI-ANNUALLY.
Last Listed By
Berkshire Hathaway HomeServices PenFed Realty License #583580 Listed on: 01/02/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,660
Year Built
- Built in 2002
Lot Details
- 0.4 Acre Lot
- Southeast Facing Home
- Property is in very good condition
- Property is zoned RNC
HOA Fees
- $350 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Side Facing Garage
- Garage Door Opener
- Driveway
Home Design
- Colonial Architecture
- Composition Roof
- HardiePlank Type
Interior Spaces
- Property has 3 Levels
- Open Floorplan
- Wet Bar
- Dual Staircase
- Built-In Features
- Bar
- Chair Railings
- Crown Molding
- Wainscoting
- Tray Ceiling
- Two Story Ceilings
- Ceiling Fan
- Recessed Lighting
- 2 Fireplaces
- Fireplace With Glass Doors
- Gas Fireplace
- French Doors
- Atrium Doors
- Six Panel Doors
- Entrance Foyer
- Family Room Off Kitchen
- Sitting Room
- Living Room
- Formal Dining Room
- Home Theater
- Den
- Sun or Florida Room
- Storage Room
- Home Gym
Kitchen
- Gourmet Kitchen
- Breakfast Room
- Gas Oven or Range
- Built-In Microwave
- Freezer
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- Soaking Tub
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
- Front Loading Dryer
- Front Loading Washer
Finished Basement
- Heated Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
- Connecting Stairway
- Interior and Exterior Basement Entry
Outdoor Features
- Patio
- Porch
Schools
- Sherwood Elementary School
- William H. Farquhar Middle School
- Sherwood High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Humidifier
- Heat Pump System
- Programmable Thermostat
- Natural Gas Water Heater
Listing and Financial Details
- Home warranty included in the sale of the property
- Tax Lot 27
- Assessor Parcel Number 160803344025
- $730 Front Foot Fee per year
Community Details
Overview
- Association fees include trash, lawn maintenance, snow removal, road maintenance
- Bancroft HOA, Phone Number (301) 948-6666
- Built by Mitchell & Best
- Bancroft Subdivision, The Newport Floorplan
Recreation
- Community Playground
- Jogging Path
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 2, 2020
Closed on
Feb 28, 2020
Sold by
Duke Ivy Wafford and Duke Roberto
Bought by
Spraggins Brian
Seller's Agent
Mike Aubrey
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Dan Wheeler
Keller Williams Capital Properties
List Price
$899,900
Sold Price
$872,000
Premium/Discount to List
-$27,900
-3.1%
Total Days on Market
28
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$550,458
Avg. Annual Appreciation
9.38%
Original Mortgage
$697,600
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 27, 2002
Sold by
Mb Bancroft Llc
Bought by
Duke Roberto and Duke Ivy
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Spraggins Brian | $872,000 | Universal Title | |
| Duke Roberto | $726,726 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Spraggins Brian | $500,000 | |
| Closed | Spraggins Brian | $694,450 | |
| Closed | Spraggins Brian | $697,600 | |
| Previous Owner | Duke Ivy | $130,787 | |
| Previous Owner | Duke Roberto | $750,000 | |
| Previous Owner | Duke Ivy | $558,000 | |
| Previous Owner | Duke Roberto | $593,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2020 02/28/20 | Sold | $872,000 | -3.1% | $143 / Sq Ft |
| 01/30/2020 01/30/20 | Pending | -- | -- | -- |
| 01/02/2020 01/02/20 | For Sale | $899,900 | -- | $147 / 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 |
|---|---|---|---|---|
| 2024 | $11,597 | $956,667 | $0 | $0 |
| 2023 | $11,190 | $863,800 | $279,900 | $583,900 |
| 2022 | $9,269 | $854,867 | $0 | $0 |
| 2021 | $9,106 | $845,933 | $0 | $0 |
| 2020 | $8,980 | $837,000 | $279,900 | $557,100 |
| 2019 | $8,959 | $837,000 | $279,900 | $557,100 |
| 2018 | $9,246 | $837,000 | $279,900 | $557,100 |
| 2017 | $9,660 | $882,000 | $0 | $0 |
| 2016 | -- | $865,633 | $0 | $0 |
| 2015 | $9,205 | $849,267 | $0 | $0 |
| 2014 | $9,205 | $832,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Aubrey
-
Dan Wheeler
Buyer's Agent in 2020
Dan Wheeler
Keller Williams Capital Properties
(301) 806-3179
81 Total Sales
Map
Similar Homes in Sandy Spring, MD
Source: Bright MLS
MLS Number: MDMC690868
APN: 08-03344025
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