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What's Up Magazine

What's Up? With Annapolis Real Estate

Jan 29, 2015 11:22AM ● Published by Cate Reynolds

While the proverbial “it takes a village…” applies to offspring, it is, in fact, spot on when it comes to selling homes too. Sellers might fix up a home, update the landscaping and get all the paperwork in order, but oftentimes it takes added involvement, negotiations, and adjustments from realtors, stagers, contractors, and others to finish the deal. In this issue of What’s Up? with Real Estate, we look at two area residences that moved fast once the right team took over.

BLUFF POINT ON THE SEVERN


Primary Structure Built:            2003
Sold For:                                     $1,030,000
Original List Price:                     $1,300,000
Last Sold/Price:                         n/a – built by the sellers in 2003
                                                    (land purchased for $360,000)
Bedrooms:                                 4
Bathrooms:                                3.5
Living Space:                             3,700 square feet
Lot Size:                                     1.0 acre

Even high-end homes can need a little effort to sell in today’s market. Though this brick colonial was maintained in pristine condition by its original owners, it took a little staging, wallpaper removal, and a price reduction before it was snapped up. The sold price does not reflect a 2.5 percent commission reduction, an additional accommodation to assist with the sale.

Situated in a private community in Severna Park, Bluff Point on the Severn encompasses just 32 home sites and is coveted for its gated exclusivity—with admittance via a remote-controlled gatehouse—and water access to Rock Cove and the Severn River. A nearby marina offers a community dock and boat slips with mean low water access of 6-plus feet.
Set back off the street and ensconced in mature trees and lush landscaping, the home’s setting is both private and luxurious. A paver driveway and manicured lawns usher visitors to the front of the home, while the back features a large, flat yard, an in-ground PebbleTech pool, Ipe deck with a sunken hot tub, and a paver patio for ample seating. Dozens of less obvious details add to the home’s appeal, including an irrigation system, oversized garage, and landscape lighting.

Deluxe detailing is carried throughout the interior of the home as well. New American cherry hardwood floors flow through most of the first level. Columns, chair railing, and upgraded crown molding provide refined finishes to several areas. A grand two-story family room with a fireplace allows for beautiful backyard views. And the first-floor master suite is both convenient and roomy, with a large bath, walk-in closet, and window seating. The home also includes an upstairs bonus room and a lower-level unfinished storage section. Several areas of the home will be updated by the new owners.

Source: Kathryn Langsner (listing agent), Coldwell Banker Residential Brokerage, office-410-647-2222, cell-410-421-8172, klangsner@cbmove.comwww.kathylangsnerhomes.com.

By Lurdes Abruscato

_______________________________

Royal Oak (Talbot County)

Primary Structure Built:            1950
Sold For:                                     $1.1 Million
Original List Price:                     $1.295 Million
Last Sold/Price:                         Not Available
Bedrooms:                                  3
Bathrooms:                                 2 Full, 1 Half
Living Space:                              1,239 square feet
Lot Size:                                      4.8 acres

Originally built as summer cottage in 1950, the Cove Hall home was purchased by the Knapp Foundation to protect the waterfront property from development. The cottage included two acres bordering the Tred Avon River. Over time, the foundation acquired additional adjacent lots, expanding the overall property to almost five acres.

This demure cedar shingle summer home had seen better days when the foundation acquired it. According to Barbara Watkins, the listing agent, the house was gutted in 2012, and by 2013, restored to its original Craftsman style. The result is a waterfront cottage with clean lines, an open floor plan, and ample closet space. From the attic to the cellar, every room was renovated. Wood floors, crown molding, and wainscoting throughout the main floor blend seamlessly with the kitchen’s granite counters and top of the line stainless steel appliances.

The baths and powder room are tiled, and the main level mudroom doubles as the laundry room includes a hidden front loading washer and dryer. The master bedroom is on the main floor, as well, and while it only measures a cozy 120 square feet, it connects to a walk in closet and spacious custom tile bath. The second and third bedrooms, along with a buddy bathroom and sitting area, make up the second floor.
Now a bright, sunlight-filled home equipped with the comforts of a year round residence, the cottage takes full advantage the beauty of the property’s almost 1,000 feet of protected shoreline on the Tred Avon River. Bare double-pane windows bring the picturesque views indoors from all directions, with the living and dining areas on the main floor facing the river. Outside, the 27 x 8 foot front porch and custom patio provide additional space to relax or entertain.

But the restoration wasn’t limited to the cottage. With part of the Knapp Foundation’s mission to conserve and preserve wildlife and waterfowl, the area immediately surrounding the home was professionally landscaped, and the acreage restored to a habitat for wildlife and waterfowl. The property also includes a private pier.
The cottage was on the market for 245 days until it was purchased in November 2014 for $1.1 million, along with a separate 79-acre parcel for an additional $1.1 million. The buyers, who are from New York state, have friends and family in the area, and love the serene waterfront view and relaxation of the Eastern Shore.

Sources: Barbara Watkins, (listing agent), Eliza Albrecht (licensed assistant), Benson & Mangold Real Estate, 410-822-1415, ealbrecht@bensonandmangold.com

by C.B. Scott

_______________________________

EASTPORT

Primary Structure Built:           1954
Sold For:                                    $975,000
Original List Price:                    $999,000
Last Sold/Price:                        2005/$1,395,000
Bedrooms:                                 5
Bathrooms:                                3
Living Space:                             3,388 square feet
Lot Size:                                    .34 acre

After having this downtown residence on the market for more than a year, the sellers chose to switch realtors and were pleasantly surprised with both the efforts and results. “They brought in a team of contractors, literally overnight, to do odd jobs to make the house sparkle,” the seller says. But what was especially impressive was a professionally produced aerial and in-house video, the seller adds, that resulted in “the best Internet marketing campaign I’ve ever seen.”

 The purchasers, who had been searching for a waterfront home for a while, viewed the video, made an appointment the same day and wrote an offer. They appreciated the home’s 1950s charm but also its tastefully remodeled sensibilities. Coupled with plentiful waterside amenities and proximity to the city center, they recognized its value (a price point approximately $300,000 less than the nearest home) and purchased the property at only $24,000 below asking price.

The tranquil yet convenient setting does sell itself. The backyard includes 90 feet of water frontage as well as a private pier that sits on Back Creek, an easy access point to major area waterways. The pier has three large lifts, all with 5-plus feet MLW and a floating dock for kayak launching. The level backyard also encompasses a stone firepit, sprinkler system, and mature landscaping.

The inside of the home has lots of mid-century architectural detailing but with upgraded and updated finishes. The gas fireplace in the dining room, for example, highlights vintage-style colors and grate work. Charming wainscoting and chair rail details are evident in several rooms. Period-specific tile work can be spotted in various areas. Yet the home also boasts a modern kitchen with granite and high-end appliances; a sunroom with walls of windows to enjoy the water views; and both a first-floor master bedroom and upstairs master suite complete with luxury bath.

Sources: Charlie & Reid Buckley (listing agents), Mr. Waterfront Team, Long & Foster, office-410-266-6880, charlie@waterfronthomes.orgwww.waterfronthomes.org. Joe Bray (buyer’s agent), Mr. Waterfront Team, cell-410-703-3403, joe@waterfronthomes.org.

Want to suggest a recently sold home to be profiled in What’s Up? with Real Estate? Contact Lurdes Abruscato at lurdesabruscato@aol.com.

By Lurdes Abruscato
Today, Home+Garden real estate home annapolis living west county january 2015

 

 

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