1502 Lee Way, Edgewater, MD 21037 Property Records

Anne Arundel County property record for 1502 Lee Way, Edgewater, MD 21037

Property Summary

Property Type	Single Family Home
Details	4 ba · 3,288 sqft · built 1971
Lot Size	0.464 acres (20,220 sqft)
Owner	2 Individual Names on Record
Last Sale	$415,000 (Sep 2016)
Tax Bill	$7,206 (2025)
Deeds & Mortgages	Jul 2021 Line of Credit May 2017 Construction Loan + 1 more
Flood Zone	Zone X (minimal risk)
APN	`01-725-00509055`

Property Details

APN / Parcel Number

Primary APN	`01-725-00509055`
Alternative APNs	`172500509055` `72500509055`

Interior

Full Baths	3.5 Baths
Half Baths	1 Half Bath
Stories	2 Stories
Building Area	4,296 sqft Living Area
1st Floor Area	1,944 sqft
Basement Area	1,008 sqft
Finished Basement	1,008 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1971
Effective Year Built	Effective 1971
Architectural Style	Conventional
Exterior Material	Siding
Roof Material	Composition Shingle
Lot Area	20,220 sqft (0.464 acres)
View / Lot	Waterfront

Exterior Amenities

Pool Type	Spa / Hot Tub (No Pool)
Porch	Open Porch
Porch Area	50 sqft
Deck Area	168 sqft
Patio Area	359 sqft
Boat Access	Boat Access

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Heat Pump
Sewer	Municipal

Location & Zoning

Account Number	72500509055
Street Address	1502 LEE WAY
City	EDGEWATER
State	MD
Zip	21037-4628
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R2
Legal Description	LT 2 BK K SAUNDERS POINT
Legal Subdivision	SAUNDERS POINT
Legal Block	K
Legal Lot Number	2
Jurisdiction	ANNE ARUNDEL MD
Township / Civil Division	7
Census Block Group	1
Census Block	1026
Census Tract	701201

Owner

Source: Anne Arundel County records, as of September 4, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Individual Names on Record
Mailing Address	1502 LEE WAY, EDGEWATER, MD 21037-4628
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Tenants by the Entirety

Deeds, Mortgages & Sale History

Date	Document
Jul 15, 2021	Deed of Trust, Mortgage · Line of Credit FIRST NATIONAL BANK OF PENNSYLVANIA
May 11, 2017	Deed of Trust, Mortgage · Construction Mortgage FIRST NATIONAL BANK OF PENNSYLVANIA
May 20, 2019	Deed of Trust, Mortgage · Line of Credit FIRST NATIONAL BANK OF PENNSYLVANIA

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Sep 13, 2016 · Amount on Record
Deed Sale	Sep 13, 2016 · Amount on Record
Deed Book / Page	30039 / 300
Record Updated	Oct 29, 2026

July 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ANNE ARUNDEL MD
Property Address	1502 LEE WAY, EDGEWATER, MD 21037-4628
Transaction Type	Mortgage
Record Updated	Aug 10, 2021
Title Company	CORPORATE SETTLEMENTS, CORPORATE SETTLEMENT SLN

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1502 LEE WAY, EDGEWATER, MD 21037-4628

Mortgage

Document Number	0372020134
Date	Jul 15, 2021
Book Page	37202/134

Lender

Name	FIRST NATIONAL BANK OF PENNSYLVANIA
Type	Bank
Address	EDGEWATER, MD 21037

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	299 Months
Due	Jun 18, 2046

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

May 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ANNE ARUNDEL MD
Property Address	1502 LEE WAY, EDGEWATER, MD 21037-4628
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0309220350
Date	May 11, 2017
Book Page	30922/350
Instrument	30922-350

Lender

Name	FIRST NATIONAL BANK OF PENNSYLVANIA
Type	Bank
Address	HERMITAGE, PA 16148

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	367 Months
Due	Dec 1, 2047

Interest

Rate Type	Fixed Rate
Rate	4%
Type Change Date	Dec 1, 2032
Change Frequency	Annually
Min Rate At Change	2.25%
Max Rate At Change	9%
Index	1-Month LIBOR
Max Rate	9%

May 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ANNE ARUNDEL MD
Property Address	1502 LEE WAY, EDGEWATER, MD 21037-4628
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0331530225
Date	May 20, 2019
Book Page	33153/225

Lender

Name	FIRST NATIONAL BANK OF PENNSYLVANIA
Type	Bank
Address	HERMITAGE, PA 16148

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	264 Months
Due	May 10, 2041

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

Tax Assessment & Valuation

Source: Anne Arundel County assessment roll, as of September 4, 2026

Property Jurisdictions

Type	Name
State	Maryland
County	Anne Arundel County
Unified School District	Anne Arundel County Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$868,000 (+34.78%) Land $433,500 Building $434,500	$868,000 (+34.78%) Land $433,500 Building $434,500
2025	$7,206.00 (+13.98%)
2023	$6,322.00 Homeowner's exemption	$644,000 Land $315,500 Building $328,500	$644,000 Land $315,500 Building $328,500

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective January 16, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 100 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 49 policies
Nearby Flood Policies	49 in force
Nearby Flood Claims	1 (2024)
Most Recent Claim	Aug 2024 · tidal / storm surge

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 98% of the US · lower than 96% of Maryland
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 157 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	1,200 / 35
Verizon Fiber	980 / 880
Starlink Satellite	280 / 30
T-Mobile Fixed Wireless	100 / 20

Cell Coverage

5G (outdoors only) and 4G LTE

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