Real Time Real Estate
By Mark S. Reeve
West Prospect Plantation, Grasonville
Primary Structure Built 1985
Sold for $490,000
Listing Price: $535,000
Last sold for: unimproved lot at $17,500 in 1984
Bedrooms: 3 Baths: 3
This sprawling 2,240 square foot ranch is a perfect illustration of how the market changed last year after inflated boom prices started bursting. The asking price in late 2006 was $585,000, dropped a few months later to $559,000, and downgraded again in early 2007 to $535,000. Despite the understandable price adjustments, this house had healthy features that eventually helped it sell while other listings remained untouched. Being in a desirable private community, owners had access to great amenities like a clubhouse with restaurant, tennis courts, a swimming pool, and boat slips. It also conveyed with a well-landscaped 1.08-acre parcel, something you rarely get with newer built communities. Its location near Route 50 makes for easy commuting to the Baltimore/Washington corridor while still benefiting from Eastern Bay proximity. So at $490,000, it was a fine home bought for a real bargain.
Agents: Linda Kendz and John Carroll. Source: Kym Dodds, Century 21 Rosendale Realty, (410) 758-0333.