See Home Value
$355,000
● House - Off Market

406 LAKE DR

LUSBY, MD 20657
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,575 Ft²
$2,329
Est. Monthly
$585
HOA / Fees
5.12%
Cap Rate

About This Property

Discover the allure of 406 Lake Dr-a captivating 3-bedroom, 3-bathroom gem boasting a new roof and a new well pump, nestled close to private beaches in a great community with beach access. This home showcases modern elegance with its open floor plan, gleaming wood floors, and stylishly updated bathrooms. Cozy electric fireplaces in the living room and master bedroom add warmth and charm. The kitchen, a chef's dream, features sleek stainless steel appliances and stunning granite countertops, ideal for entertaining or family gatherings. Situated on a spacious corner lot, the property offers enhanced privacy and is perfect for outdoor enjoyment.

Nestled in the waterfront neighborhood of Drum Point, enjoy community amenities like beach access, a boat ramp, a clubhouse, and a serene lake. Nearby, explore Cove Point water park and the quaint Solomons Island with great restaurants. Enjoy the proximity to parks, schools, and shopping centers, enriching your lifestyle with ease. Come tour this beautiful home today.
Unit Size
1,575 Ft²
Days on Market
32 days
Land Size
0.29 acres
Price per sqft
$225
Property Type
House
Property Taxes
$213
HOA Dues
$585
Year Built
1981

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Last updated: 2 years ago (Bright MLS #MDCA2017772)

Price History

Date / Event Date Event Price
Nov 22, 2024 Sold
Sold
Oct 21, 2024 In contract -
In contract
Oct 15, 2024 Price Decreased $355,000
↓ $10K (2.7%)
Price Decreased
Oct 11, 2024 Price Decreased $365,000
↓ $5K (1.4%)
Price Decreased
Sep 19, 2024 Listed by The Southside Group Real Estate $370,000
Listed by The Southside Group Real Estate
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Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 11
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,458
  • Total Building Area: 1,575
  • Gross Building Area: 1,575
  • Building Area: 1,575
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,575
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DRUM POINT BEACH
  • Land Acres: 0000000286
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: LT 5 BLK B SEC 5 DRUM POINT

Neighborhood

  • School District Name: Calvert County Public Schools
  • Census Tract: 861003

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 45A
  • Account Number: 064746
  • District: 01
  • Section: 5
  • Parcel: 01-064746
  • Block: B
  • Lot: 5
  • Latitude: 38.331
  • Longitude: -76.4246

    Address

  • Full Address: 406 Lake Dr
  • Address - House Number: 406
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Lusby
  • Carrier Code: H001
  • 4-Digit Zip Code: 3260
  • Zip Code: 20657

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $257,152
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 75
  • Final Value: 358,920
  • High Value: 425,096
  • Low Value: 292,745

    Market Valuation

  • Market Total Value: $247,500
  • Market Land Value: $79,600
  • Market Improvement Value: $167,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $247,500
  • Assessed Land Value: $79,600
  • Assessed Improvements Value: $167,900

    Sales

  • Current Sale Contract Date: Mar 25, 2020
  • Current Sale Recording Date: Mar 27, 2020
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 07, 2019
  • Previous Sale Contract Date: Mar 07, 2019
  • Previous Sale Amount: $116,000
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Drum Point


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 12284 Bandera Lane, LUSBY, MD, 20657

$2,900 /mo

  • 5 Beds
  • 3 Baths
  • 1,650 ft²
12284 Bandera Lane, LUSBY, MD, 20657 Listing by Timothy Grenier


Frequently Asked Questions

When was property at 406 Lake Drive built and last sold?
The property at 406 Lake Drive was built in 1981 and last sold on Mar 25, 2020 for $237,550.
How much is this home worth?
The estimated value of the home located at 406 Lake Drive is $349,924.
What are some comparable homes to 406 Lake Drive?
There are currently no comparable homes to 406 Lake Drive.