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$249,900

Beds
3
Baths
2.0
sq ft
1,680

735 Lazy River Rd, Lusby, MD 20657

735 Lazy River Rd

LUSBY, MD 20657

  • 51 days on market
    • Price drop $100↓
This four-bedroom, two-bath rambler in Chesapeake Ranch Estates, Lusby, Maryland, offers an exciting opportunity to create your ideal home while building rapid equity. Located on a peaceful dead-end street, the home provides a quiet, private setting with minimal traffic and a convenient parking pad. The spacious finished basement includes a walkout that leads directly to the backyard, offering easy access and great potential for customization. While the home does need some updates, it is priced accordingly to reflect the opportunity for improvement. A brand-new HVAC system is already in the basement, though it will need to be installed—an added benefit that can immediately increase the home’s value. The basement offers additional space for storage, a workshop, or the potential to finish for more living space. A rear deck extends your living area outdoors, ideal for relaxing or entertaining. With a bit of work, this home can be transformed into a true gem. Chesapeake Ranch Estates is a water-oriented community with access to two private beaches on Chesapeake Bay, offering the perfect setting for outdoor activities like kayaking, fishing, or simply enjoying the natural beauty of the area. This property provides a fantastic opportunity for those looking to invest in a home with great potential, build equity quickly, and make it their own. Don’t miss out on the chance to craft the home you’ve always envisioned!

Details

Property type

Single Family Residence

Est. home value

$309,853

Lot size

Unknown

Price per sq ft

$149

Year built

1991

Annual property taxes

$2,860

Monthly HOA fee

$38.75

Price History

11/14/2024
Bright

Bright #MDCA2018042

Price change
$249,900
-0.04%
11/08/2024
Bright

Bright #MDCA2018042

Listed
$250,000
+23.15%
02/08/2019
Bright

Bright #MDCA114528

Sold
$203,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CALVERT 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

$47,875
Asking price
$249,900
Closing costs (~8% of asking)
-$19,992
Est. remaining loan balance
-$182,033
Cash to seller
$47,875

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

February 2019

Original loan amount

$203,000

Est. remaining balance

$182,033

Interest rate

4.62%

Loan type

VA, 30 year

Seller

Benjamin E Duckworth and Sara D Duckworth

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: 12/27/2024 at 3:40 AM

Listing updated: 11/14/2024 at 5:14 AM

Listed by: Daniel W Martin, Keller Williams Flagship of Maryland Phone #: (410) 729-7700

MLS: Bright #MDCA2018042

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