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828 Drake Lane

828 Drake Lane, Severn, MD 21144
Property in Severn
Sold Jan 28, 2014
$526,745
$342,384 by Nvr Mortgage Finance Inc
Mortgage Due Feb 01, 2044
Sold Oct 11, 2013
$215,000
828 Drake Lane has been categorized by the local assessors in Severn, MD as a residential type of property. The building on the property was first built in 2013 and is 11 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 828 Drake Lane has 2,532 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 15,272 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a mixed used garage for those who require parking. The garage measured 400 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of unknown. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 828 Drake Lane was last sold in Jan 16, 2014 for $526,745. According to our calculations, that's $208.04 per sqft. Prior to that sales transaction, the property was sold for $215,000 in Oct 3, 2013. Current property owners are expected to pay $5,392 in taxes per year. The property on 828 Drake Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $493,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C+
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,272
  • Total Building Area: 2,532
  • Gross Building Area: 2,532
  • Building Area: 2,532
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 2,532
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EVERGREEN COMMONS II
  • Land Acres: 0.351
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 5 828 DRAKE LN EVERGREEN COMMONS II

Ownership

  • Current Owner : FALES LARRY
  • Current Owner 2: ZHANG XIAOYU
  • Previous Owner : NVR INC
  • Owner Before Previous Owner: EVERGREEN LAND HOLDINGS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Anne Arundel County Public Schools
  • Census Tract: 740203

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 15 14 255
  • Account Number: 25590235128
  • District: 04
  • Parcel: 04-255-90235128
  • Lot: 5
  • Latitude: 39.1345
  • Longitude: -76.6623

    Address

  • Full Address: 828 Drake Ln
  • Address - House Number: 828
  • Address - Street Name: Drake
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Severn
  • Carrier Code: R013
  • 4-Digit Zip Code: 2798
  • Zip Code: 21144

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,392

    Appraisal Valuation

  • Standard Deviation: 0.1477
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 82
  • Final Value: 674,662
  • High Value: 774,327
  • Low Value: 574,997

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $342,384
  • First Open Lien Mortgage Lender: NVR MORTGAGE FINANCE INC
  • First Open Lien Mortgage Recording Date: Jan 28, 2014
  • First Open Lien Mortgage Loan Amount: $342,384
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2044

    Market Valuation

  • Market Total Value: $532,800
  • Market Land Value: $180,300
  • Market Improvement Value: $352,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $493,800

    Sales

  • Current Sale Contract Date: Jan 16, 2014
  • Current Sale Recording Date: Jan 28, 2014
  • Current Sale Transaction ID: 1182030517
  • Current Sale Price: $526,745
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Oct 11, 2013
  • Previous Sale Contract Date: Oct 03, 2013
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NVR MORTGAGE FINANCE INC
  • First Mortgage Transaction Date: Jan 28, 2014
  • First Mortgage Loan Amount: $342,384
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2044

About Severn



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Frequently Asked Questions

What neighborhood is 828 Drake Lane located in?
The 828 Drake Lane is a located in the neighborhood of Severn in Severn, Severn.
What is the average sales price for listings in 828 Drake Lane?
The average sales price for units in 828 Drake Lane is $0 currently.

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