Feb. 27--The Dewberry sisters may have found the perfect place for their crafts, and it comes with 20 acres of land, several hot tubs and a 350-foot pier.
Of course, living in a multimillion-dollar estate comes at a price -- currently set at $14.9 million. But the property will be auctioned next month, and since there is no reserve price the highest bidder will get the keys.
On March 15, bidders must have a $50,000 check to participate and be prepared to pay nearly $44,000 in annual property taxes.
During a weekend preview of the property, Jen and Renee Dewberry came from Prince George's and Charles counties, respectively, to visit the 22,000-square-foot mansion.
Among their favorite features: a large craft room complete with in-progress projects, window seats, a television, a microwave and a collection of miniature sewing machines.
"I love window seats. I could just live right here," Jen said, while perched up on the seat, which overlooks the grounds.
She added that they would have to talk to the rest of their family and see if they could make a bid on the property. "This is a family house. Unless you're a land baron, which I am not."
The estate -- 938 Old County Road, Severna Park -- is one of the most expensive properties on the market in Anne Arundel County, where no residential property has sold for more than $7 million, officials said.
The property is two doors down from a home actor Kevin Spacey rented during the filming of "House of Cards." Other homes on the street have sold from $1.53 million to $2.06 million.
The home belongs to former AOL President Martin Fisher and his family. In 2012, Fisher became chief technology officer for Pittsburgh-based GiftCards.com.
He and his wife, Georgianna, first listed the mansion for $19.5 million with TTR Sotheby's International Realty. It has since been reduced to $14.9 million. DeCaro Luxury Real Estate Auctions is handling the auction.
"Being on the Severn River and having a guest house there, there are a lot of big pluses to the property," company President Daniel DeCaro said.
"The fact that it's waterfront on that large of a parcel just minutes from Baltimore and Annapolis -- I could see the interest level because of that location may be a little higher than what we're seeing in a lot of waterfront properties today."
Because of its price, the mansion has been creating buzz in real estate circles. While it is not uncommon for Anne Arundel homes -- especially waterfront homes -- to be listed for more than $2.5 million, it is challenging for them to sell at that price.
Last month, no homes sold for more than $2.5 million, although 10 had sale prices that exceed $1 million. At the time, there were 10 active listings for homes priced at more than $5 million, according to statistics in MRIS monthly market data.
"Everyone is attracted to it -- what it is, where is it going ... it's an exceptional property, for sure," said Bill Burris, who runs the Parole office of Keller Williams Realty.
"I wish them a lot of luck with a $14.9 million (price). Whatever it does, it tends to pull everyone up with it. There are very unique properties in that whole area."
Coldwell Banker Realtor Travis Gray agreed. His listings include a $3.65 million home in Severna Park and a $4.95 million property in the Wardour neighborhood in Annapolis.
"The biggest challenge is that at this price point, there are no comps. There's nothing to set a precedent for (the Old County Road house)," Gray said.
"What we're talking about once you get up to that price point is that it's a property so unique and so different. How do you compare 20 acres in Severna Park on the Severn versus 2 acres in Annapolis on the other side of the Severn? ... It's so unique."
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