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111 Welchs Drive

111 Welchs Drive, Edgewater, MD 21037
Property in Londontowne
Sold Jul 09, 2019
$251,000
$300,000 by Severn Savings Bank Fsb
Mortgage
Sold Jun 01, 2010
$220,000
$35,000 by Joyce F Lowman
Mortgage Due May 10, 2015
111 Welchs Drive in Edgewater, MD was first built in 1962 and is 62 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 111 Welchs Drive has 960 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 15,000 square feet.

Learn more about the property and building on this page. There is a patio. The roof of the home is made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of B. The exterior walls of the home are made of unknown. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. 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, 111 Welchs Drive sold most recently in Jul 3, 2019 for a total of $251,000. If you work out the math, that's approximately a cost of $261.46 per sqft. Before that, the property was also sold for $220,000 in May 12, 2010. 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 $2,833 in taxes each year. 111 Welchs Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $259,400. If we break it down further, the land itself was valued at $169,700. Improvements to the property, however, were assessed at a total of $89,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 15,000
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 960
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: STEWART LEVEL
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 62 111 WELCHS DR STEWART LEVEL

Ownership

  • Current Owner : LOWMAN FRANK T
  • Previous Owner : HANEKE SUSAN
  • Owner Before Previous Owner: LOWMAN JOYCE F
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Anne Arundel County Public Schools
  • Census Tract: 701101

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 55 17 153
  • Account Number: 74405030170
  • District: 01
  • Parcel: 01-744-05030170
  • Lot: 62
  • Latitude: 38.9272
  • Longitude: -76.5697

    Address

  • Full Address: 111 Welches Dr
  • Address - House Number: 111
  • Address - Street Name: Welches
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Edgewater
  • Carrier Code: R014
  • 4-Digit Zip Code: 2718
  • Zip Code: 21037

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,833

    Appraisal Valuation

  • Standard Deviation: 0.112
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 88
  • Final Value: 347,425
  • High Value: 386,369
  • Low Value: 308,482

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: SEVERN SAVINGS BANK FSB
  • First Open Lien Mortgage Recording Date: Jul 09, 2019
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $259,400
  • Market Land Value: $169,700
  • Market Improvement Value: $89,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $259,400
  • Assessed Land Value: $169,700
  • Assessed Improvements Value: $89,700

    Sales

  • Current Sale Contract Date: Jul 03, 2019
  • Current Sale Recording Date: Jul 09, 2019
  • Current Sale Transaction ID: 11623199467
  • Current Sale Price: $251,000
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Previous Sale Recording Date: Jun 01, 2010
  • Previous Sale Contract Date: May 12, 2010
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SEVERN SAVINGS BANK FSB
  • First Mortgage Transaction Date: Jul 09, 2019
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: JOYCE F LOWMAN
  • Previous Mortgage Transaction Date: Jun 01, 2010
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $35,000
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Stand Alone Second
  • Previous Mortgage Loan Due Date: May 10, 2015

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Frequently Asked Questions

What neighborhood is 111 Welchs Drive located in?
The 111 Welchs Drive is a located in the neighborhood of Londontowne in Londontowne, Edgewater.
What is the average sales price for listings in 111 Welchs Drive?
The average sales price for units in 111 Welchs Drive is $0 currently.

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