See Home Value
$350,000
● House - Off Market

504 LAKE DR

LUSBY, MD 20657
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,146 Ft²
$1,933
Est. Monthly
$168
HOA / Fees
7.62%
Cap Rate

About This Property

Charming four bedroom three bath   bungalow .

Key updates:  new roof, new windows, new heat pump with new thermostat

Key features:  dual heat pumps, water access, skylights, four sliding

glass doors facing the lake, open floor plan in the great

room-kitchen, large closets, semi-circular driveway

Gorgeous new windows encourage you to marvel at the four seasons of

lot and be enticed by Bay views

Spacious inside and out

Surround yourself with the charms of one of Southern Maryland's most

sought-after natural settings -- a deep wooded lot with lofty views of

Lake Charming and the Chesapeake Bay

Natural light and coastal breezes invite you home to your quiet lakeside retreat

Express your unique love of nature throughout a spacious interior with

ridge-top views of enticing woodland and waterside settings

Wrap-around deck to let you take in four beautiful seasons of the

natural settings that surround this home

Fabulous ridge-top vantage point for nature lovers and bird watchers

Fenced area could be a secure dog run or a convenient garden spot

accessible from the carport

Two garden spots -- one raised bed and one fenced

Within easy walking distance to the Bay
Unit Size
2,146 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$168
Property Type
House
Property Taxes
$329
HOA Dues
$168
Year Built
1987

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (Bright MLS #MDCA2013860)

Price History

Date / Event Date Event Price
Feb 1, 2024 Sold
Sold
Dec 22, 2023 In contract -
In contract
Dec 13, 2023 Listed by Berkshire Hathaway HomeServices PenFed Realty $359,500
Listed by Berkshire Hathaway HomeServices PenFed Realty
Dec 22, 1986 Sold
Sold
Jun 13, 1983 Sold
Sold

Property Highlights

Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • 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: 3
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 32,850
  • Total Building Area: 2,146
  • Gross Building Area: 2,146
  • Building Area: 2,146
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,146
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DRUM POINT
  • Land Acres: 0000000754
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: LT 1R BLK A SEC 2 DRUM POINT

Neighborhood

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

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 45A
  • Account Number: 070118
  • District: 01
  • Section: 2
  • Parcel: 01-070118
  • Block: A
  • Lot: 1R
  • Latitude: 38.33
  • Longitude: -76.4183

    Address

  • Full Address: 504 Lake Dr
  • Address - House Number: 504
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Lusby
  • Carrier Code: H001
  • 4-Digit Zip Code: 3261
  • Zip Code: 20657

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $353,987

    Appraisal Valuation

  • Standard Deviation: 0.0816
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 93
  • Final Value: 360,131
  • High Value: 389,531
  • Low Value: 330,731

    Market Valuation

  • Market Total Value: $340,700
  • Market Land Value: $115,000
  • Market Improvement Value: $225,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $340,700
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $225,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 19, 2024
  • Current Sale Recording Date: Feb 01, 2024
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 22, 1986
  • Previous Sale Contract Date: Dec 22, 1986
  • Previous Sale Amount: $6,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 427 Lessin Drive, LUSBY, MD, 20657

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,563 ft²
427 Lessin Drive, LUSBY, MD, 20657 Listing by Donald L. Frederick


Frequently Asked Questions

When was property at 504 Lake Drive built and last sold?
The property at 504 Lake Drive was built in 1987 and last sold on Jan 19, 2024 for $350,000.
How much is this home worth?
The estimated value of the home located at 504 Lake Drive is $373,673.
What are some comparable homes to 504 Lake Drive?
There are currently no comparable homes to 504 Lake Drive.