NOT LISTED FOR SALE

721 Magothy Rd Arnold, MD 21012

Estimated Value: $694,000 - $921,349

3 Beds
3 Baths
1,820 Sq Ft
$439/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $438,000 $241 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $4,968/month

222 Days on Market

Highlights

  • 1 Boat Dock
  • Water Views
  • Home fronts navigable water
  • Broadneck High School Rated A
  • Pier
  • 3-minute walk to Twin Oaks Park

About This Home

As of June 2013

Once in a while you can get something this good! Waterfront; 50 foot pier; beautiful views from all 3 levels! Wonderful spacious home with bedroom/bath on main level; 2 bedrooms and bath on upper level and potential in-law suite in lower level. Very nice buy! BANK OWNED PROPERTY SOLD AS IS, BUYER IS RESPONSIBLE FOR VERIFYING ALL INFORMATION.

Last Listed By

Karen Rollings

EXP Realty, LLC License #66514 Listed on: 10/10/2012

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,055

Year Built

  • Built in 1940

Lot Details

  • 7,500 Sq Ft Lot
  • Home fronts navigable water
  • Property is zoned R2

Parking

  • Off-Site Parking

Home Design

  • Colonial Architecture
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Water Views
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Rear Basement Entry

Outdoor Features

  • Pier
  • Water Access
  • Physical Dock Slip Conveys
  • 1 Boat Dock

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Cresston Park Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 020322507053800

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,055

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1940
  • Remarks Public: Once in a while you can get something this good! Waterfront; 50 foot pier; beautiful views from all 3 levels! Wonderful spacious home with bedroom/bath on main level; 2 bedrooms and bath on upper level and potential in-law suite in lower level. Very nice buy! BANK OWNED PROPERTY SOLD AS IS, BUYER IS RESPONSIBLE FOR VERIFYING ALL INFORMATION.
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Rear Entrance, Fully Finished, Walkout Level
  • Living Area Units: Square Feet
  • Street Number Modifier: 721

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Construction Materials: Stone, Vinyl Siding
  • Dock Type: Pier (Perpendicular)
  • Construction Completed: No
  • View: Water
  • Water Access: Yes
  • Water Body Name: DIVIDING CREEK
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Site

Utilities

  • Refuse: 315.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 129500.00
  • Land Assessed Value: 334300.00
  • Lot Size Acres: 0.17
  • Lot Size Area: 7500
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Year Assessed: 2012
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15223136
  • Tax Annual Amount: 5055.04
  • Assessor Parcel Number: 020322507053800
  • Tax Lot: 17
  • Tax Total Finished Sq Ft: 1987
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011
  • Close Date: 06/28/2013

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Mean Low Water Feet: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2016
Bought by
Quilliam Lisa
Total Days on Market
222
Current Estimated Value
$798,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,700
Outstanding Balance
$463,064
Interest Rate
3.42%
Estimated Equity
$335,523

Purchase Details

Listed on
Oct 10, 2012
Closed on
Jun 28, 2013
Sold by
Ameritas Life Insurance Corp
Bought by
Quilliam Kevin P and Wadsworth Lisa C
Seller's Agent
Karen Rollings
EXP Realty, LLC
Buyer's Agent
Scott Hok
Taylor Properties
List Price
$499,000
Sold Price
$438,000
Premium/Discount to List
-$61,000
-12.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.21%
Original Mortgage
$430,066
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 31, 2012
Sold by
Federal Savings Bank
Bought by
Ameritas Life Insurance Corp

Purchase Details

Closed on
Apr 18, 2012
Sold by
Clarke Peter J
Bought by
Acacia Federal Savings Bank

Purchase Details

Closed on
Sep 19, 2005
Sold by
Griffith James
Bought by
Clarke Peter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
5.81%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 22, 2005
Sold by
Griffith James
Bought by
Clarke Peter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
5.81%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 4, 2005
Sold by
Currence John Leonard
Bought by
Griffith James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2005
Sold by
Currence John Leonard
Bought by
Griffith James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2004
Sold by
Currence Elmer F
Bought by
Currence John Leonard and Berlett Heather Currence

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
Quilliam Lisa -- --
Quilliam Kevin P $438,000 New World Title Company Llc
Ameritas Life Insurance Corp $365,815 Title Unlimited Inc
Acacia Federal Savings Bank $400,000 None Available
Clarke Peter J $760,000 --
Clarke Peter J $760,000 --
Griffith James $500,000 --
Griffith James $500,000 --
Currence John Leonard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quilliam Lisa $570,700
Closed Quilliam Lisa --
Closed Quilliam Kevin P $404,000
Previous Owner Quilliam Kevin P $430,066
Previous Owner Clarke Peter J $114,000
Previous Owner Clarke Peter J $114,000
Previous Owner Griffith James $400,000
Previous Owner Griffith James $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2013 06/28/13 Sold $438,000 -4.8% $241 / Sq Ft
05/20/2013 05/20/13 Pending -- -- --
05/01/2013 05/01/13 Price Changed $459,900 -3.2% $253 / Sq Ft
03/26/2013 03/26/13 Price Changed $474,900 -4.8% $261 / Sq Ft
11/28/2012 11/28/12 For Sale $499,000 0.0% $274 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
11/16/2012 11/16/12 Price Changed $499,000 -5.0% $274 / Sq Ft
10/10/2012 10/10/12 For Sale $525,000 -- $288 / 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
2024 $6,117 $672,300 $524,300 $148,000
2023 $5,959 $655,433 $0 $0
2022 $5,580 $638,567 $0 $0
2021 $5,332 $621,700 $502,500 $119,200
2020 $5,332 $604,700 $0 $0
2019 $5,233 $587,700 $0 $0
2018 $4,961 $570,700 $417,200 $153,500
2017 $4,849 $518,400 $0 $0
2016 -- $466,100 $0 $0
2015 -- $413,800 $0 $0
2014 -- $413,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004194440

Bright MLS

APN: 03-225-07053800