Annapolis Real Estate | November 2008
By Douglas Alan Ross
Foxmoor, Arnold
Primary Structure Built: 1985
Sold for: $425,000 Listing Price: $449,000
Last sold for: $290,000 in 2003
Bedrooms: 4 Bathrooms: 2.5
After just 10 days on the market, this immaculately maintained, Pottery Barn-decorated home went under contract, and sold for approximately 94.5 percent of the asking price. The main level features beautiful hardwood floors, a remodeled kitchen with breakfast bar that opens to a family room showcasing a brick fireplace, and French doors leading to the deck and fenced yard. A private master bedroom suite and three other amply sized bedrooms are on the upper level. On the lower level is a nice recreation room with Pergo flooring, separate laundry room, and large storage/exercize room with a door to an areaway leading to the backyard. The home also has refinished bathrooms, a new roof, and 2,100 square feet of living space.
Source: Jean Andrews, Associate Broker, Champion Realty, Inc., (410) 975-3286 or (800) 640-0510
Oakleigh Forest, Severna Park
Primary Structure Built: 1963
Sold for: $512,000 Listing Price: $599,900
Bedrooms: 4 Bathrooms: 2.5
As is indicative of the current real estate market, this lovely Colonial was first listed at $599,900 in May 2007. After several price adjustments down to a final asking price of $525,000 last summer, the sellers received a contract and the home recently settled for 2-1/2 percent less. Situated on a nicely landscaped, quarter-acre lot, and with 2,288 square feet of interior space, this home features hardwood floors on the main and upper levels, a remodeled kitchen, family room with fireplace, large formal living and dining rooms, two-car garage, and unfinished basement. Located in a community of 158 homes on a tributary of the Magothy River, it’s the perfect home for raising a family. Amenities include a community swimming pool with bathhouse, kiddy pool, and picnic pavilion; park with playground; and private boat launch, slips, and community dock.
Source: Jean Andrews, Associate Broker, Champion Realty, Inc., (410) 975-3286 or (800) 640-0510
Shipley’s Retreat, Millersville
Primary Structure Built: 1999
Sold for: $669,000 Listing Price: $688,000
Last sold for: $765,000 in 2005
Bedrooms: 5 Bathrooms: 4.5
This fabulous, 5,000-square-foot house is in a community of single-family homes that offers easy access to Baltimore, Annapolis, and Washington, D.C. The community prides itself on its wooded charm and environmentally balanced landscaping throughout. Originally listed at $775,000 in early 2008, the home’s price had been substantially reduced by the time it went under contract. Selling points included tremendous curb appeal, many quality upgrades, a three-car garage, multi-level rear deck, and cul-de-sac location. When asked whether the property’s final selling price was a surprise, Carlyn Lowery, who represented the buyers, responded: “It was a pleasant surprise for the buyers. Many of our clients are getting good buys now by working closely with us on identifying good opportunities and negotiating on the home.” As far as Anne Arundel County’s current real estate market, Lowery believes that now is a great time to buy, especially for those who want to move up to a more luxurious home. She adds, “Contrary to some frightening headlines, excellent loans are available for qualified buyers, and homes are selling as long as they are well-presented and priced correctly for today’s market.”
Source: Carlyn Lowery, Associate Broker, Keller Williams Select Realtors, (410) 268-0160 or (410) 972-4000
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nov 08
douglas alan ross
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