NOT LISTED FOR SALE

10049 Locust Point Rd Princess Anne, MD 21853

Estimated Value: $2,101,613

3 Beds
2 Baths
-- Sq Ft
452 Acres

Last Sold October 28, 2022

Last sale price $1,900,000

Est. 11% increase in value since last sale

Current estimated payment $11,482/month

Highlights

  • 21,935 Feet of Waterfront
  • Access to Tidal Water
  • 452 Acre Lot
  • 4 Dock Slips
  • Bay View
  • Pond

About This Home

As of October 2022

Locust Point Farm a 452 acre waterfront farm along the Manokin River leads directly to the bay and consist of 5 separate parcels with over 4+ miles of waterfront. The land itself has over 80+/- acres of clear ground, 97+/- acres of woods, 10+/- acres of waterfowl flood impounds, 2+/- acres of fresh water ponds and 263+/- acres of tidal marsh, creeks and ponds that extend out into the mouth of the Manokin River adjoining the Tangier sound and Chesapeake Bay. Improvements to the property include Three Residential Waterfront Homes, detached Garage and Two Pole Barns. The 1960+ Sq. ft. main house is situated right on the Manokin River with unobstructed views featuring a multiple slip dock including a boat and two PWC lifts installed in 2014. The 3 bedroom well maintained home was recently remolded and features first floor bedroom and bath, Pine Floors, Two Zone HVAC, New Roof, Brick Fireplace, Screened Porch, Fenced Yard, large rear deck with Trek decking. There was a new BAT septic system installed with a 4" well. Across from the circular driveway is 25'x 32 detached garage with a workshop, wood stove, concrete floors, 200 amp service, tall doors and a loft above. The 2000+/- Sq. Ft. Guest house located a mile away, down its own lane is situated on the waterfront as well. This 3 bedroom home features open floor plan, a newer HVAC system, hardwood floors, granite countertop, sun room, wrap around deck, screened porch and large garage area. Exterior and decking needs some attention but overall in good shape. The third residence is a quaint one bedroom one bath 800+ Sq.ft Cottage sitting on a beautiful setting with views of the water. There are two pole barns that were recently constructed. The one pole Barn is 40' x 80' with 16' doors, concrete floors, workshop area, loft, climate control storage and rec space, 200 amp service and exterior water. The second Pole Barn is 50'x 80' with concrete floors, pass through doors and is perfect for large size equipment. The Owner has maintained the property with extensive plantings for landscaping, screens and wildlife habitat. The driveways and trail systems have been improved dramatically providing easy access throughout the property. The property has multiple habitat improvements with food plots and water controlled flood impounds to entice migratory waterfowl that are abundant in the fall and winter months. Excellent opportunities present themselves both for Puddle and Diving Ducks. The property has also been managed for quality whitetail which are in abundance along with a growing Sika deer population. The owner has been a steward of the land an the abundance of wildlife is evident. There are NO Conservation Easements. Locust Point Farm would be ideal for a Family or Corporate retreat, Hunting Club or the individual who wants to just fade away in the privacy and tranquility this farm has to offer. Properties like these are timeless but the chance to own them are not.

Last Agent to Sell the Property

Jay Phillips

Holiday Real Estate Listed on: 07/01/2022

Last Buyer's Agent

Jay Phillips

Holiday Real Estate Listed on: 07/01/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,006

Year Built

  • Built in 1978 | Remodeled in 2010

Lot Details

  • 452 Acre Lot
  • 21,935 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Hunting Land
  • Cleared Lot
  • Wooded Lot
  • Tidal Wetland on Lot
  • Total of 5 Parcels

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Driveway

Property Views

  • Bay
  • River

Home Design

  • Frame Construction

Interior Spaces

  • Property has 2 Levels
  • 1 Fireplace
  • Combination Kitchen and Dining Room
  • Crawl Space

Bedrooms and Bathrooms

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property near a bay
  • Electric Hoist or Boat Lift
  • 4 Dock Slips
  • Physical Dock Slip Conveys
  • Pond
  • Shed

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Powered By Owned Propane
  • Electric Water Heater
  • On Site Septic
  • Aerobic Septic System

Additional Features

  • Flood Risk
  • 25 Acres of Pasture

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2002026473

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,006

Year Built

Built in 1978 | Remodeled in 2010

Lot Details

0

Parking

2

Listing Details

  • Property Type: Farm
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1978
  • Year Renovated: 2010
  • Automatically Close On Close Date: No
  • Remarks Public: Locust Point Farm a 452 acre waterfront farm along the Manokin River leads directly to the bay and consist of 5 separate parcels with over 4+ miles of waterfront. The land itself has over 80+/- acres of clear ground, 97+/- acres of woods, 10+/- acres of waterfowl flood impounds, 2+/- acres of fresh water ponds and 263+/- acres of tidal marsh, creeks and ponds that extend out into the mouth of the Manokin River adjoining the Tangier sound and Chesapeake Bay. Improvements to the property include Three Residential Waterfront Homes, detached Garage and Two Pole Barns. The 1960+ Sq. ft. main house is situated right on the Manokin River with unobstructed views featuring a multiple slip dock including a boat and two PWC lifts installed in 2014. The 3 bedroom well maintained home was recently remolded and features first floor bedroom and bath, Pine Floors, Two Zone HVAC, New Roof, Brick Fireplace, Screened Porch, Fenced Yard, large rear deck with Trek decking. There was a new BAT septic system installed with a 4" well. Across from the circular driveway is 25'x 32 detached garage with a workshop, wood stove, concrete floors, 200 amp service, tall doors and a loft above. The 2000+/- Sq. Ft. Guest house located a mile away, down its own lane is situated on the waterfront as well. This 3 bedroom home features open floor plan, a newer HVAC system, hardwood floors, granite countertop, sun room, wrap around deck, screened porch and large garage area. Exterior and decking needs some attention but overall in good shape. The third residence is a quaint one bedroom one bath 800+ Sq.ft Cottage sitting on a beautiful setting with views of the water. There are two pole barns that were recently constructed. The one pole Barn is 40' x 80' with 16' doors, concrete floors, workshop area, loft, climate control storage and rec space, 200 amp service and exterior water. The second Pole Barn is 50'x 80' with concrete floors, pass through doors and is perfect for large size equipment. The Owner has maintained the property with extensive plantings for landscaping, screens and wildlife habitat. The driveways and trail systems have been improved dramatically providing easy access throughout the property. The property has multiple habitat improvements with food plots and water controlled flood impounds to entice migratory waterfowl that are abundant in the fall and winter months. Excellent opportunities present themselves both for Puddle and Diving Ducks. The property has also been managed for quality whitetail which are in abundance along with a growing Sika deer population. The owner has been a steward of the land an the abundance of wildlife is evident. There are NO Conservation Easements. Locust Point Farm would be ideal for a Family or Corporate retreat, Hunting Club or the individual who wants to just fade away in the privacy and tranquility this farm has to offer. Properties like these are timeless but the chance to own them are not.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Combination Kitchen/Dining
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10049

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • View: Bay, River
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 21935

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Owned
  • Heating Type: Central, 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Aerobic Septic, On Site Septic
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SOMERSET COUNTY PUBLIC SCHOOLS
  • School District Key: 121138759568
  • School District Source: Listing Agent

Lot Info

  • Wooded Acres: 77.00
  • Additional Parcels: Yes
  • Additional Parcels Description: Total of 5 Parcels
  • Crops Included: No
  • Farm Features: Hunting, Shed(s)
  • Farm Land Area Units: Acres
  • Land Use Code: A
  • Lot Features: Cleared, Tidal Wetland, Trees/Wooded, Pond
  • Lot Size Acres: 452.00
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19689120.00
  • Pasture Acres: 25.00
  • Tillable Acres: 75.00
  • Year Assessed: 2022
  • Zoning: A
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12559550
  • Tax Annual Amount: 1006.00
  • Assessor Parcel Number: 2002026473
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 10/28/2022

MLS Schools

  • School District Name: SOMERSET COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2022
Closed on
Oct 28, 2022
Sold by
Revocable Living Trust
Bought by
Deeley Farms Llc
Seller's Agent
Jay Phillips
Holiday Real Estate
Buyer's Agent
Jay Phillips
Holiday Real Estate
List Price
$2,750,000
Sold Price
$1,900,000
Premium/Discount to List
-$850,000
-30.91%
Views
18
Current Estimated Value
$2,101,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,613
Original Mortgage
$1,900,000
Outstanding Balance
$1,808,167
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2021
Sold by
Hollenbach W James
Bought by
Hollenbach W James and Revocable Liv Tr Of W James Ho

Purchase Details

Closed on
Feb 6, 2013
Sold by
Hollenbach W James
Bought by
Hollenbach W James

Purchase Details

Closed on
May 13, 2011
Sold by
Tawes Scott and Tawes Melanie B
Bought by
Marhsall Horace L and Marhsall Quinna C

Purchase Details

Closed on
Apr 15, 2011
Sold by
Tawes Scott and Tawes Melanie B
Bought by
Marhsall Horace L and Marhsall Quinna C
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Deeley Farms Llc $1,900,000 --
Hollenbach W James -- None Available
Hollenbach W James -- None Available
Marhsall Horace L -- --
Marhsall Horace L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deeley Farms Llc $1,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $1,900,000 -30.9% --
07/01/2022 07/01/22 For Sale $2,750,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $3,411 $147,967 $0 $0
2024 $1,394 $119,933 $0 $0
2023 $1,082 $91,900 $31,400 $60,500
2022 $1,014 $91,200 $0 $0
2021 $1,059 $90,500 $0 $0
2020 $1,059 $89,800 $31,400 $58,400
2019 $1,059 $89,800 $31,400 $58,400
2018 $1,059 $89,800 $31,400 $58,400
2017 $1,059 $89,800 $0 $0
2016 $999 $89,800 $0 $0
2015 $999 $89,800 $0 $0
2014 $8,214 $31,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDSO2002094

Bright MLS

APN: 02-026473