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221 Lakeview Avenue

221 Lakeview Avenue, Edgewater, MD 21037
Property in Mayo
Sold Nov 01, 2021
$615,000
$548,250 by Wesbanco Bank Inc
Mortgage Due Nov 01, 2051
Sold Nov 09, 2020
$107,500
221 Lakeview Avenue has been categorized by the local assessors in Edgewater, MD as a residential type of property. The building on the property was first built in 2021 and is 3 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 221 Lakeview Avenue has 1,052 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,890 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a mixed used garage for those who require parking. The garage measured 420 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as excellent. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of unknown. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 221 Lakeview Avenue sold most recently in Oct 22, 2021 for a total of $615,000. If you work out the math, that's approximately a cost of $250.00 per sqft. Before that, the property was also sold for $107,500 in Nov 2, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,591 in taxes each year. The initial year of tax delinquency occurred in 2021. 221 Lakeview Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $512,000. If we break it down further, the land itself was valued at $210,500. Improvements to the property, however, were assessed at a total of $301,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Excellent
  • Building Quality: C+
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 2,460
  • Gross Building Area: 2,460
  • Building Area: 2,460
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,052
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BEVERLEY BEACH
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LTS 1 TO 3 BK V 221 LAKEVIEW AVE BEVERLEY BEACH

Ownership

  • Current Owner : RIMLAND MATTHEW STEVEN
  • Current Owner 2: RIMLAND NICOLE PATRICIA
  • Previous Owner : WORTHWHILE VENTURES LLC
  • Owner Before Previous Owner: OBRIEN TIMOTHY C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Anne Arundel County Public Schools
  • Census Tract: 701201

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: 65 11 81
  • Account Number: 04605920550
  • District: 01
  • Parcel: 01-046-05920550
  • Block: V
  • Lot: 1
  • Latitude: 38.8791
  • Longitude: -76.5089

    Address

  • Full Address: 221 Lakeview Ave
  • Address - House Number: 221
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Ave
  • State: MD
  • City Name: Edgewater
  • Carrier Code: R006
  • 4-Digit Zip Code: 4818
  • Zip Code: 21037

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,591
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1521
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 81
  • Final Value: 676,297
  • High Value: 779,166
  • Low Value: 573,429

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $636,567
  • First Open Lien Mortgage Lender: WESBANCO BANK INC
  • First Open Lien Mortgage Recording Date: Nov 01, 2021
  • First Open Lien Mortgage Loan Amount: $548,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051
  • Second Open Lien Mortgage Lender: WESBANCO BANK, INC.
  • Second Open Lien Mortgage Recording Date: Jun 16, 2023
  • Second Open Lien Mortgage Loan Amount: $88,317
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2033

    Market Valuation

  • Market Total Value: $512,000
  • Market Land Value: $210,500
  • Market Improvement Value: $301,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $512,000
  • Assessed Land Value: $210,500
  • Assessed Improvements Value: $301,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Nov 01, 2021
  • Current Sale Transaction ID: 11866167624
  • Current Sale Price: $615,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Nov 09, 2020
  • Previous Sale Contract Date: Nov 02, 2020
  • Previous Sale Amount: $107,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WESBANCO BANK INC
  • First Mortgage Transaction Date: Nov 01, 2021
  • First Mortgage Loan Amount: $548,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

About Mayo



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Frequently Asked Questions

What neighborhood is 221 Lakeview Avenue located in?
The 221 Lakeview Avenue is a located in the neighborhood of Mayo in Mayo, Edgewater.
What is the average sales price for listings in 221 Lakeview Avenue?
The average sales price for units in 221 Lakeview Avenue is $0 currently.

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