When was property at 1502 Lee Way built and last sold?

The property at 1502 Lee Way was built in 1971 and last sold on Sep 2, 2016 for $415,000.

How much is this home worth?

The estimated value of the home located at 1502 Lee Way is $0.

What are some comparable homes to 1502 Lee Way?

There are currently no comparable homes to 1502 Lee Way.

Mayo

21037

Mayo

1502 LEE WAY

$415,000

● House - Off Market

1502 LEE WAY

EDGEWATER, MD 21037

3 Beds

2 Baths, 1 Half Bath

$730,164

RealtyHop Estimate

68.82%

Since Oct 1, 2016

National-US

Primary Model

About This Property

Privacy abounds in this Big Pond water front home in Saunders Point. Enjoy the water from the dock, crab, fish, kayak and swim in the protected waters. Outdoor barbeque with crab steaming area- great for entertaining. Watch the wildlife from a gorgeous picture window in the living room. Generous kitchen, indoor porch and 3 bedrooms and 2.5 baths complete the picture.

Unit Size

Days on Market

Land Size

0.46 acres

Price per sqft

Property Type

House

Property Taxes

$542

HOA Dues

Year Built

1971

Payment Calculator

Cap Rate Calculator

Last updated: 10 months ago (Bright MLS #1003267673)

Price History

Date / Event	Date	Event
Sep 13, 2016	Sold	Premium
Sold
Jul 22, 2016	Listed by Coldwell Banker Realty	$432,500
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

With View

Fireplace

Building Info

Overview

General

Year Built: 1971

Effective Year Built: 1971
Bedroom Count: 0
Bathroom Count: 4
Full Bathrooms: 3
Partial Bathrooms: 4
Building Condition: 0
Building Quality: 4
Construction Type: 0
Building Style: 0
Exterior Walls Type: 25
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 3
Floor Count: 200
Living Units: 1
Floor Cover: 0
Basement Type: 3
Basement Area: 1,008
Garage Type: 0
Parking Space Count: 0
Patio Type: 20
Porch Type: 7
Pool Type: 9
Location Influence Type: 23

Dimensions

Lot Size Square Feet: 20,220

Total Building Area: 3,288
Gross Building Area: 3,288
Building Area: 3,288
Building Area Measurement: T

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 8
Heated Square Feet: 2,352
Heating Fuel Type: 0

Utilities

Sewer System: 5

Water Service: 6

Building

Building Type: 0

Property Class: R
Subdivision: SAUNDERS POINT
Land Acres: 0000000464
Standard Land Use Code: 1001
County Land Use Code: R-C001
Legal Description 1: LT 2 BK K 1502 LEE WAY SAUNDERS POINT

Neighborhood

School District Name: Anne Arundel County Public Schools

Census Tract: 701201

Zoning

Zoning: R2

Geography

Assessors Map Reference: 60 24 101

Account Number: 72500509055
District: 01
Parcel: 01-725-00509055
Block: K
Lot: 2
Latitude: 38.8903
Longitude: -76.4948

Address

Full Address: 1502 Lee Way

Address - House Number: 1502
Address - Street Name: Lee
Address - Suffix Type: Way
State: MD
City Name: Edgewater
Carrier Code: R006
4-Digit Zip Code: 4628
Zip Code: 21037

Valuation

Tax

Tax Year: 2023

Tax Amount: $632,225

Appraisal Valuation

Standard Deviation: 0.1583

Valuation Date: Sep 21, 2023
Confidence Score: 80
Final Value: 874,464
High Value: 1,012,965
Low Value: 735,963

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Financing Type:

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First Open Lien Mortgage Loan Amount:

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First Open Lien Mortgage Term:

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First Open Lien Mortgage Position:

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First Open Lien Mortgage Loan Due Date:

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Second Open Lien Mortgage Lender:

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Second Open Lien Mortgage Recording Date:

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Second Open Lien Mortgage Financing Type:

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Second Open Lien Mortgage Term:

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Second Open Lien Mortgage Loan Due Date:

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Market Valuation

Market Total Value: $644,000

Market Land Value: $315,500
Market Improvement Value: $328,500

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $644,000
Assessed Land Value: $315,500
Assessed Improvements Value: $328,500

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Sep 02, 2016

Current Sale Recording Date: Sep 13, 2016
Current Sale Price:

Premium
Current Sale Document Type: 27

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

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First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Mayo

Stats & Trends

Median Asking:

$729,900

Sale Price/ft²

$308

Below Asking

0.02%

Average Days on Market

Average Home Size

2013 ft²

Average Home Age

48.6 years

Currently For Sale

22 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 402 Linden Avenue, EDGEWATER, MD, 21037

$4,500 /mo

3 Beds
2 Baths
2,285 ft²

402 Linden Avenue, EDGEWATER, MD, 21037 Listing by Raymond S Werking

Unit for rent at 1323 Magnolia Avenue, ANNAPOLIS, MD, 21403

$5,500 /mo

4 Beds
3 Baths
3,142 ft²

1323 Magnolia Avenue, ANNAPOLIS, MD, 21403 Listing by Brandi Bradshaw

Unit for rent at 206 Linden Avenue, EDGEWATER, MD, 21037

$3,000 /mo

3 Beds
2 Baths
1,270 ft²

206 Linden Avenue, EDGEWATER, MD, 21037 Listing by Katie Neighoff

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Rene' J Butta
Coldwell Banker Realty
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# 1003267673

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.

1502 LEE WAY

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Mayo

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions