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2975 Cove Point Rd, Lusby, MD 20657

Est. $653,000
  • 2.01 acre lot
Photo of property at 2975 Cove Point Rd, Lusby, MD 20657
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Estimated home value*

$653,000

*Estimation is calculated based on tax assessment records, recent sale prices of comparable properties, and other factors.
  • 2.01 acre lot
2975 Cove Point Rd,
Lusby, MD 20657
View on Map
  • Property type
    Land
  • Last sold
    $599.9K in 2022

90.68%

More expensive than nearby properties

$53.1K

Since last sold in 2022

$2,200

Median rent for nearby properties

Property Details

Property Overview

LIFE IS NOW!! DESIGN AND BUILD A BIG CHESAPEAKE BAY HOUSE WITH A POOL ON THIS GORGEOUS PRIVATE BEACH. BUILD AN OBX TYPE PLAN. NO HOA. THE SEPTIC IS INSTALLED AND HAS BEEN RECENTLY UPGRADED TO BAT SYSTEM, IMPACT FEES ARE PAID. PERMITS BEING RENEWED NOW-Save at least two years and $75k-$100k off of your project costs and timeline. The intrinsic value of what is already completed for this beachfront build site makes a huge financial and time difference. This level riparian rights beachfront lot on the Chesapeake Bay has a mound system already installed with BAT System as of 2/2021, also please check for NNI species plant removal permit for some thinning of the buffer area. The seller also brought electricity to the building site. Building permits are being updated by the Seller for approximately 79' x 60' 2-story home with 32' x 26' garage AND an inground pool. Enjoy the beauty of the sunrise from your own sandy beach. ALSO, OWNER FINANCING: The Seller will consider financing with a minimum of 25% down, 30-year amortization, minimum of 36 months of payments guaranteed at a 6% interest rate. Buyers must keep building permits updated.

Property features

Waterfront and Water Access

  • Waterfront
  • Water access
  • Waterfront Feet: 100

Land Info

  • Lot Size Acres: 2.0100093
  • Lot Size Square Feet: 87556

Homeowners Association

  • Association: No
  • Calculated Total Monthly Association Fees: 0

School Information

  • Elementary School: DOWELL
  • High School: PATUXENT
  • Middle School: SOUTHERN
  • School District: CALVERT COUNTY PUBLIC SCHOOLS

Other Property Info

  • Annual Tax Amount: 4066.0
  • Source Listing Status: Closed
  • County: CALVERT
  • Current Use: Land/Lot Only
  • Ownership: Fee Simple
  • Source Property Type: Land
  • Area: CALVERT
  • Source System Name: C2C

Building and Construction

  • Structure Type: Land

RealEstimate℠

The following table summarizes the chart by comparing the earliest historic estimate, last year's estimate, and a forecasted projection to this month's current estimate for each valuation provider.

ProviderCurrent estimateEstimate for Mar 2023Change Since Mar 2023
Collateral Analytics
$653,000$227,000+187%
Quantarium
$624,755$587,773+6%

Our home values come from independent valuation providers, whose solutions are used by many financial institutions, insurance companies, and real estate agents. Each valuation provider applies a unique approach and methodology resulting in a range of values that consumers can use as a starting point for discussions with a real estate agent.

Learn more about home estimations

Similar Homes For Sale Near Lusby, MD

Comparison of 2975 Cove Point Rd, Lusby, MD 20657 with Nearby Homes:

Photo of property at 44765 Smiths Nursery Rd, Hollywood, MD 20636
$599,900
  • 2bed
  • 1,428 square feet
  • 3 acre lot
44765 Smiths Nursery Rd
Hollywood, MD 20636
Photo of property at 983 Ed Joy Rd, Lusby, MD 20657
$699,900
  • 5bed
  • 1,246 square feet
  • 2.44 acre lot
983 Ed Joy Rd
Lusby, MD 20657
Photo of property at 13700 Olivet Rd, Lusby, MD 20657
$525,000
  • 3bed
  • 2,560 square feet
  • 0.84 acre lot
13700 Olivet Rd
Lusby, MD 20657
Photo of property at 43208 Riverside Dr, Hollywood, MD 20636
$550,000
  • 3bed
  • 0.25 acre lot
43208 Riverside Dr
Hollywood, MD 20636

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Price History

DateEventPricePrice/SqftSource
04/11/2022Sold$599,900 - BrightMLS
07/20/2021Price Changed$599,900 - BrightMLS
05/03/2019Listed$649,900 - BrightMLS
03/27/2019Listing Removed- - BrightMLS
03/26/2019Listing Removed$650,000 - BrightMLS
01/10/2019Relisted$650,000 - BrightMLS
01/04/2019Listing Removed$650,000 - BrightMLS
06/28/2018Price Changed$650,000 - BrightMLS
06/27/2018Relisted$675,000 - BrightMLS
05/10/2018Listing Removed$675,000 - BrightMLS
10/24/2017Listing Removed$675,000 - MRIS
03/01/2017Listed$675,000 - BrightMLS
03/01/2017Listed$675,000 - MRIS
08/13/2002Sold$150,000 - Public Record
06/01/1989Sold$75,000 - Public Record

Tax History

YearTaxesLandadded toAdditionsequalsTotal assessments
2022$3,638$350,200+-=$350,200
2021$3,638$350,200+-=$350,200
2020$3,656$350,200+-=$350,200
2019$3,673$350,200+-=$350,200
2018$3,673$350,200+-=$350,200
2017$3,726$350,200+-=$350,200
2016$3,516$350,200+-=$350,200
2016$3,726$350,200+-=$350,200
2014$3,516$350,200+-=$350,200
2013$3,516-+-=$350,200
2012$3,516-+-=$350,200
2011$4,171-+-=$415,500
2010$4,171-+-=$415,500
2009$4,171-+-=$415,500
2008$4,171-+-=$415,500

Neighborhood

Noise, Commute

Facts about 2975 Cove Point Rd

Commute time:

Noise level:Low
This home has a low noise level for the surrounding area
  • $264,900Median listing price
  • $342,450Median sales price
  • 91Median days on market
  • $206Median price per sqft

Nearby neighborhoods in Lusby, MD

Nearby Home Values

Recently Sold Homes Near 2975 Cove Point Rd

Additional Information About 2975 Cove Point Rd, Lusby, MD 20657