tomo logo

$2,495,000

Beds
5
Baths
4.5
sq ft
6,012

700 S River Landing Rd, Edgewater, MD 21037

700 S River Landing Rd

EDGEWATER, MD 21037

  • 9 days on market
    • Open house Sep 21
Stunning panoramic views across the South River from this finely crafted home! Immaculately kept and tastefully updated with style and true attention to detail. Enjoy the wonderful open floor plan with outstanding flow for entertaining and everyday living. The crisp, clean design and custom features highlight the gorgeous views and give the illusion of being on a luxurious yacht. The extra large waterside kitchen and breakfast room are the perfect place to cook a meal for 2 or 2 dozen and made for the way you want to live today. There is room for everyone to spread out and all rooms are welcoming and comfortable. The grand center hall with impressive water views and custom curved staircase leads to lovely rooms on all sides. The water views are maximized in the primary suite which is a true retreat designed for privacy and tranquility. The recently reimagined walk out lower level has two new designer baths, wide plank flooring, an over-the-top-fun and functional kitchenette, a great room with gas fireplace, two amazing bedrooms, a phenomenal covered waterside patio, separate laundry and great storage. Many, many updates and features include new windows, flooring, baths, kitchenette, HVAC, lighting fixtures, premium trim throughout, arched doorways, generator and new or newer appliances. Big garage with built-ins, work bench and pulldown storage. South River Landing is a true resort-style community with rich amenities including a deepwater marina, waterside pool, pool house, kayak and canoe racks, tennis, playground, a waterside nature trail, a private beach, 24/7 security gate with guard services and complete year-round homeowner and community landscaping services including mowing, edging, fertilizing, pruning, mulching, tree trimming and snow removal. Close to Annapolis and a terrific location for commuters!

Details

Property type

Single Family Residence

Est. home value

$2,583,767

Lot size

0.24 acres

Price per sq ft

$416

Year built

1996

Annual property taxes

$13,700.38

HOA

No

Price History

09/10/2024
Bright

Bright #MDAA2094040

Listed
$2,495,000
07/10/2024
Bright

Bright #MDAA2068630

Removed
$2,495,000
05/10/2024
Bright

Bright #MDAA2068630

Listed
$2,495,000
+24.13%

Schools & Community

Elementary school: 

EDGEWATER

Middle school: 

CENTRAL

High school: 

SOUTH RIVER

Community features: 

Pool

School district: 

ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Negotiation Insights

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

Seller could get up to

$943,443
Asking price
$2,495,000
Closing costs (~8% of asking)
-$199,600
Est. remaining loan balance
-$1,351,957
Cash to seller
$943,443

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Orrstown Bank

Loan start date

November 2021

Original loan amount

$1,608,000

Est. remaining balance

$1,351,957

Interest rate

2.23%

Loan type

New Conventional, 15 year

Seller

Charles Covert and Lisa Covert

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: 09/18/2024 at 9:05 PM

Listing updated: 09/18/2024 at 11:16 AM

Listed by: Alexandra T Sears, TTR Sotheby's International Realty Phone #: (410) 280-5600

MLS: Bright #MDAA2094040

Bright logo

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