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$2,750,000

Beds
5
Baths
5.5
sq ft
6,052

164 W Lake Dr, Annapolis, MD 21403

164 W Lake Dr

ANNAPOLIS, MD 21403

  • 233 days on market
    • Price drop $145,000↓
**New Price!!** Fantastic transitional Waterfront home in Bay Ridge with private, deep water pier (5' -6' mlw) on Lake Ogleton. Elevated home with lovely path to pier and beach. Pier offers 10,000 lb boat lift, with two additional slips and room for more. Pier offers water and electricity. Beach is approximately 40' wide. Bay Ridge Open Space next door contributes to privacy and access to nature. There are so many opportunities for play on the ball field across from this home. This four-level home offers multiple spaces for living, entertaining, working and recreating - from the finished lower level walk-out all the way to the "widow's walk" roof-top deck overlooking the Chesapeake Bay. The two-car garage and expanded driveway offer ample parking space. The inviting IPE steps and front porch lead you to the Open floor plan with Brazilian hardwood floors, and a wall of windows opening to nature and water views. Large gourmet kitchen w/ granite countertops and updated cabinets. Elevated dining area and recently added home office. Fantastic primary suite has new carpet, a gas fireplace and killer views of nature and Lake Ogleton! The four upper level bedrooms are en-suite. Three propane-powered fireplaces in lower level, family great-room and primary suite! Bedroom-level laundry room. Outdoor entertaining includes: Fire pit, slate patio, and two Rooftop decks! Finished walk-out basement with garage access, bedroom and full bath, storage and new carpet. Whole-house generator. Bay Ridge is a highly sought after community with: a community pool, beaches, a marina, club house, playground and sports courts. Annual parades and events are a common occurrence. On-site security is a bonus! Residents enjoying the one-of-kind Chesapeake Bay views and boating on Lake Ogleton are a common sight. Fast access to all major commuting routes to DC, Baltimore and the Eastern Shore! ** Bay Ridge is a Special Tax Assessment District and the Community membership dues of $300 year are requested. Additional fees are required for pool and marina memberships.

Details

Property type

Single Family Residence

Est. home value

$3,090,206

Lot size

0.68 acres

Price per sq ft

$455

Year built

2005

Annual property taxes

$30,341

HOA

No

Price History

09/25/2024
Bright

Bright #MDAA2070712

Price change
$2,750,000
-5.01%
07/07/2024
Bright

Bright #MDAA2070712

Removed
$2,895,000
07/01/2024
Bright

Bright #MDAA2070712

Price change
$2,895,000
-3.34%

Schools & Community

Elementary school: 

GEORGETOWN EAST

Middle school: 

ANNAPOLIS

High school: 

ANNAPOLIS

Community features: 

Pool

School district: 

ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

James P Ellerson

Loan start date

September 2009

Original loan amount

$76,000

Est. remaining balance

$0

Interest rate

5.2%

Loan type

New Conventional, 0 year

Seller

Christian J Madsen and Jill F Madsen

Lender

Bank Of America Na

Loan start date

June 2006

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

6.22%

Loan type

Credit Line (Revolving)

Seller

Christian J Madsen and Jill F Madsen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/15/2024 at 9:05 PM

Listing updated: 10/11/2024 at 11:46 AM

Listed by: Martha S Janney, Coldwell Banker Realty Phone #: (410) 263-8686

MLS: Bright #MDAA2070712

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