NOT LISTED FOR SALE

1002 Wades Farm Ln McDaniel, MD 21647

Estimated Value: $1,422,000 - $2,549,249

5 Beds
6.5 Baths
4,656 Sq Ft
$417/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $2,400,000 $515 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $11,332/month

124 Days on Market

Highlights

  • 205 Feet of Waterfront
  • Guest House
  • Cabana
  • 1 Dock Slip
  • Access to Tidal Water
  • Bay View

About This Home

As of June 2023

With huge sunset views across Eastern Bay, this stylishly-updated property is the perfect retreat! The main house with three en-suite bedrooms overlooks a large waterside deck, saltwater pool and screened pool house. A wisteria-covered pergola leads the the 1920's two-bedroom guest house with wrap-around porch at the water's edge. The one-bedroom carriage house completes the compound. Great elevation, substantial dock with 4' MLW and heavy-duty rip rap, newer septic. And all just five miles from historic St. Michaels.

Last Agent to Sell the Property

Debra Crouch

(410) 745-0415 info@bensonandmangold.com Benson & Mangold, LLC License #306848 Listed on: 01/13/2023

Benson & Mangold, LLC

Last Buyer's Agent

Jane McCarthy

(410) 822-1415 info@bensonandmangold.com Benson & Mangold, LLC License #81945

Benson & Mangold, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,500

Year Built

  • Built in 1920

Lot Details

  • 1.62 Acre Lot
  • 205 Feet of Waterfront
  • Home fronts navigable water

Home Design

  • Carriage House
  • Contemporary Architecture
  • Cottage
  • Brick Exterior Construction

Interior Spaces

  • 4,656 Sq Ft Home
  • Property has 2 Levels
  • 2 Fireplaces
  • Mud Room
  • Entrance Foyer
  • Sitting Room
  • Living Room
  • Dining Room
  • Bay Views
  • Crawl Space

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Pool

  • Cabana
  • Gunite Pool
  • Saltwater Pool

Outdoor Features

  • Access to Tidal Water
  • Private Water Access
  • Property near a bay
  • Rip-Rap
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Balcony
  • Deck
  • Screened Patio
  • Breezeway

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Well
  • Electric Water Heater
  • On Site Septic

Additional Features

  • Guest House
  • Flood Risk

Community Details

  • No Home Owners Association
  • Mcdaniel Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2105186595

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,500

Year Built

Built in 1920

Lot Details

1.62 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary, Cottage
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2023-01-20
  • Federal Flood Zone: Yes
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Disposal, Dishwasher, Dryer, Oven/Range - Gas, Stainless Steel Appliances, Washer, Water Heater
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Kitchen, Foyer, Mud Room, Primary Bathroom, Full Bath
  • Basement: No
  • Total Sq Ft: 4656
  • Living Area Sq Ft: 4656
  • Price Per Sq Ft: 590.64
  • Above Grade Finished Sq Ft: 4656
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 4
  • Upper Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Carriage House, Guest House, Cabana/Pool House
  • Construction Materials: Brick Veneer
  • Pool Features: Gunite, Saltwater
  • Spa: No
  • View: Bay
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Name: Eastern Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 205

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Utilities: Electric Available, Propane
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 977800.00
  • Land Assessed Value: 468000.00
  • Lot Features: Rip-Rapped
  • Lot Size Acres: 1.62
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 70567.00
  • Outdoor Living Structures: Screened, Balcony, Breezeway, Deck(s)
  • Zoning: R
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5301682
  • Tax Annual Amount: 7500.00
  • Assessor Parcel Number: 2105186595
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

Multi Family

  • Federal Flood Zone: X
  • Waterfront Features: Rip-Rap

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Jun 7, 2023
Sold by
Misty Point Llc
Bought by
Richard G Larson Revocable Agreement Of Trust
Seller's Agent
Debra Crouch
Benson & Mangold, LLC
Buyer's Agent
Jane McCarthy
Benson & Mangold, LLC
List Price
$2,750,000
Sold Price
$2,400,000
Premium/Discount to List
-$350,000
-12.73%
Views
281
Current Estimated Value
$1,943,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$456,188
Avg. Annual Appreciation
-7.30%

Purchase Details

Closed on
Nov 12, 2021
Sold by
Riedel Beth Helsey and Estate Of Helen B Helsey
Bought by
Misty Point Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1981
Sold by
Saxe Jo W and Saxe Ruth M
Bought by
Heisey Helen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
16.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Richard G Larson Revocable Agreement Of Trust $2,400,000 Eastern Shore Title
Misty Point Llc $1,400,000 Eastern Shore Title Company
Heisey Helen B $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Misty Point Llc $250,000
Previous Owner Heisey Helen B $93,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2023 06/09/23 Sold $2,400,000 -12.7% $515 / Sq Ft
05/18/2023 05/18/23 For Sale $2,750,000 0.0% $591 / Sq Ft
05/17/2023 05/17/23 Pending -- -- --
03/07/2023 03/07/23 For Sale $2,750,000 +14.6% $591 / Sq Ft
02/28/2023 02/28/23 Off Market $2,400,000 -- --
01/13/2023 01/13/23 For Sale $2,750,000 -- $591 / Sq Ft
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,296 $1,445,800 $468,000 $977,800
2024 $12,433 $1,368,967 $0 $0
2023 $11,137 $1,292,133 $0 $0
2022 $7,616 $944,600 $468,000 $476,600
2021 $15,074 $941,933 $0 $0
2020 $7,217 $939,267 $0 $0
2019 $7,137 $936,600 $468,000 $468,600
2018 $6,575 $936,600 $468,000 $468,600
2017 $7,000 $936,600 $0 $0
2016 $6,831 $1,034,800 $0 $0
2015 $6,345 $1,034,900 $0 $0
2014 $6,345 $1,034,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDTA2004568

Bright MLS

APN: 05-186595

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