What's Up? With Real Estate
Oct 03, 2013 09:45AM ● Published by Cate Reynolds
If there’s one thing we know how to do in Annapolis, it’s make the most out of our water experiences, whether we’re on the water or not. In this month’s What’s Up? with Real Estate, we feature two local homes with water-themed nomenclatures, amazing pool settings, and splash-worthy return on investments.
BEARDS CREEK ESTATES
Primary Structure Built: 1996
Sold For: $698,000
Original List Price: $745,000
Last Sold/Price: 1999/$369,072
Living Space: 3,244 square feet
Lot Size: 2 acres
A private setting, quiet cul de sac, and nicely improved interior ensured this home sold for nearly double what the sellers paid 14 years ago. Quick and savvy price modifications—dropping from $745,000 to $720,000—helped it snag a contract in less than three months, a solid performance in today’s market. Homes in the Davidsonville area typically sell well, particularly since the neighborhood offers various family friendly amenities and feeds into Blue Ribbon schools. The buyers, who were relocating from a waterfront area, were eager to trade one water access for another, so a pool was foremost on their list of wants. They found their ideal in this property, with two acres encompassing an ample yard, heated pool with a waterfall, deck with a built-in hot tub, and patio with a stone fire pit.
Much of the interior has been renovated, including a bright sunroom addition; a neutral-toned kitchen with a desk area and breakfast nook; and a well-appointed master bath with whirlpool tub, separate shower, and granite-topped vanities. Little touches throughout enhance the home's appeal, including bench windows in the living room and master ceiling fans in most of the bedrooms, and a fully finished walkout lower level. The sellers’ choice of colors and furnishings synched nicely with those of the buyers, making for a very cooperative and exceedingly smooth transaction, both parties concur.
Sources: Lori Gough, (listing agent), Associate Broker, Champion Realty, office: 410-224-0624, cell: 410-320-0851, email@example.com, Lorigough.com. Barbara Best (buyer’s agent), RE/MAX Allegiance, office: 410-295-5600, ext. 106, cell: 410-279-0071, firstname.lastname@example.org, Barbarabest.sell4.com.
FISHING CREEK FARM
Primary Structure Built: 1993
Sold For: $1,615,000
Original List Price: $1,750,000
Last Sold/Price: 2006/$899,900
Bathrooms: 4 full, 2 half
Living Space: 5,198 square feet
Lot Size: .94 acre
It’s not often that we see homes receive offers sight unseen, but that’s exactly what happened with this 20-year-old Annapolis residence. Only on the market 23 days, it originally was priced at $1,750,000, but was modified quickly to $1,650,000, and received a contract within 48 hours of the price change. The buyers, relocating from out of state, were impressed with the virtual tour and the home’s turnkey package (great lot, pool, and features). They put in a contract with the contingency that they could fl y in the next day, check it out, and confirm the deal in person.
Situated at the end of a cul de sac in an upscale neighborhood, the property offers water views (Duvall, Blackwalnut, and Oyster Creeks, as well as Cherrytree Cove, are all nearby). A large yard embraces a stainless steel outdoor kitchen, paver patio, fire pit, and Pebble Tec pool with tiered waterfalls. The sought-after community has its own beach, boat ramp, club house, common grounds, jogging path, marina club, pier, pool, and tennis court.
The sellers, owners of a construction company, purchased the home seven years ago for a great price and readily took on the gutting and improvement of the abode. The kitchen renovation, alone, is valued around $200,000, with a huge granite island; upgraded cabinetry with built-in nooks; Wolfe and Sub-Zero appliances; mosaic accents in the tiled backsplash; and a separate wet bar with its own seating.
More renovation standouts are scattered around the home: The fully finished lower level includes a custom bar and an 800-bottle, temperature-controlled wine cellar. The tiled-floor sunroom is lined with floor-to-ceiling windows. The master suite contains a showpiece fireplace wall, sitting area, and distinctive chandeliers. The two-story foyer incorporates wrought-iron detailing on the front doors and Palladian window. Smaller details around the home, such as crown molding in nearly every room, an underground lawn sprinkler for the yard, and decorative columns, provide refined finishes.
Sources: Lori Gough (listing agent), Associate Broker, Champion Realty, offi ce: 410-224-0624, cell: 410-320-0851, lorigough@aol. com, Lorigough.com. Bradley Kappel (buyer’s agent), Realtor, Mr. Waterfront Team, Long & Foster, offi ce: 410-266-6880, cell: 410-212- 5087, email@example.com, Waterfronthomes.org.
WEST PROSPECT PLANTATION
Primary Structure Built: 1983
Sold For: $900,000
Original List Price: $998,999
Last Sold/Price: 1993/$410,000
Living Space: 3,168 square feet
Lot Size: 1.08 acres
Taking full advantage of its water location, this residence’s pier—complete with water, electric, and a 10,000-pound boat lift—offers 7-plus feet MLW access. A separate boat launching ramp and rowboat ramp are adjacent to the dock.
Mature trees, lush landscaping, and edged gardens surround the rest of the large lot, providing privacy for the home’s pool, patios, deck, and three-season room.
Typical of a home of this age, the structure has undergone updates in stages, and now features such popular amenities as granite countertops, stainless steel appliances, hardwood floors, gas fi replaces, Hardiplank siding, and a well-appointed master bath with tub and sit-in shower. Most of the rooms are oriented to the water views,particularly the loft office and the cathedral-ceilinged family room with its two-story overlooks. Neutral colors and modern fi xtures throughout enhance its appeal.
Sources: Mary Elaine Casson, Jimmy White (listing and buyers’ agents), The Jimmy White Team, Long & Foster, cell: 410-320- 3647, office: 410-643-2244, firstname.lastname@example.org, Kentislandtoday.com.
Want to suggest a recently sold home to be profiled in What’s Up? with Real Estate? Contact Lurdes Abruscato at email@example.com.