NOT LISTED FOR SALE

1023 Colona Rd Pocomoke City, MD 21851

Estimated Value: $449,000 - $1,436,000

3 Beds
2 Baths
968 Sq Ft
$975/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $950,000 $981 Per Sq Ft

Current estimated payment $5,533/month

976 Days on Market

Highlights

  • 10 Acre Lot
  • No HOA
  • Ceiling Fan
  • Pocomoke Elementary School Rated A
  • 2 Detached Carport Spaces
  • Carpet

About This Home

As of December 2021

Join the hottest business on the Eastern Shore....Poultry Farming. Four chicken houses in tip top condition and a 3 bedroom, 2 bathroom home. Poultry contract conveys with the sale. New contracts are hard to come by. This makes your business active on day one. Includes 10 acres of land. Live in the home or have your groundskeeper stay on site. Garage, carport, and manure shed on site.42 x 500approx built 1995 clear 6in,center brood,Val feeders, Radiant heat(brood), Cumberland drinkers,3) 61 x 500 approx built 2008 clear, 6in, center brood, Cumberland feeders and drinkers, Radiant tube (Brood)4) 61 x 484 approx. built 2008, clear, 6in, Cumberland feeders and drinkers, Radiant tube (Brood). All Agrivent controllers generator 250KW, 2 manure sheds. New roof on house in Spring 2019.

Last Agent to Sell the Property

Bob Faith

Dockside Properties Listed on: 11/30/2018

Last Buyer's Agent

Bob Faith

Dockside Properties Listed on: 11/30/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,400

Year Built

  • Built in 2005

Lot Details

  • 10 Acre Lot
  • Property is zoned A-1

Home Design

  • Aluminum Siding

Interior Spaces

  • 968 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Detached Carport Spaces
  • Driveway

Utilities

  • Heat Pump System
  • Well
  • Propane Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 132
  • Assessor Parcel Number 01-037218

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,400

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: Join the hottest business on the Eastern Shore....Poultry Farming. Four chicken houses in tip top condition and a 3 bedroom, 2 bathroom home. Poultry contract conveys with the sale. New contracts are hard to come by. This makes your business active on day one. Includes 10 acres of land. Live in the home or have your groundskeeper stay on site. Garage, carport, and manure shed on site.42 x 500approx built 1995 clear 6in,center brood,Val feeders, Radiant heat(brood), Cumberland drinkers,3) 61 x 500 approx built 2008 clear, 6in, center brood, Cumberland feeders and drinkers, Radiant tube (Brood)4) 61 x 484 approx. built 2008, clear, 6in, Cumberland feeders and drinkers, Radiant tube (Brood). All Agrivent controllers generator 250KW, 2 manure sheds. New roof on house in Spring 2019.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Carpet, Ceiling Fan(s)
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 968
  • Living Area Sq Ft: 968
  • Price Per Sq Ft: 981.40
  • Above Grade Finished Sq Ft: 968
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1023

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Carport Spaces: 2
  • Garage: No
  • Number Of Detached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Detached Carport

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 10.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 435600.00
  • Year Assessed: 2019
  • Zoning: A-1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5374187
  • Tax Annual Amount: 3400.00
  • Assessor Parcel Number: 01-037218
  • Tax Lot: 132
  • Tax Total Finished Sq Ft: 968
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 12/08/2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2018
Closed on
Dec 8, 2021
Sold by
Kelley Horace E and Kelley Horace E
Bought by
Maaas Inc
Seller's Agent
Bob Faith
Dockside Properties
Buyer's Agent
Bob Faith
Dockside Properties
List Price
$1,350,000
Sold Price
$950,000
Premium/Discount to List
-$400,000
-29.63%
Current Estimated Value
$947,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,559
Avg. Annual Appreciation
-2.03%

Purchase Details

Listed on
Nov 22, 2014
Closed on
Aug 13, 2015
Sold by
Lim Ben and Park Min Duek
Bought by
Kelley Horace E and Kelley Linda S
Seller's Agent
Debbie Figgs
Long & Foster Real Estate, Inc.
Buyer's Agent
Debbie Figgs
Long & Foster Real Estate, Inc.
List Price
$1,550,000
Sold Price
$1,350,000
Premium/Discount to List
-$200,000
-12.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.40%
Original Mortgage
$1,360,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2011
Sold by
Lim Hyo Bim
Bought by
Lim Ben and Park Min Duek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,250
Interest Rate
4.85%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 29, 2011
Sold by
Lim Ben and Park Min Duek
Bought by
Lim Ben and Park Min Duek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,250
Interest Rate
4.85%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 21, 1994
Bought by
Vetters Glenn 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
Maaas Inc $950,000 Ocean Investments Title Corp
Kelley Horace E $1,350,000 Attorney
Lim Ben -- --
Lim Ben -- None Available
Lim Ben -- --
Vetters Glenn C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kelley Horace E $150,000
Previous Owner Kelley Horace E $1,780,000
Previous Owner Kelley Horace E $150,000
Previous Owner Kelley Horace E $100,000
Previous Owner Kelley Horace E $1,360,000
Previous Owner Lim Hyo Bin $29,250
Previous Owner Lim Hyo Bin $690,000
Previous Owner Lim Hyo Bin $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2021 12/08/21 Sold $950,000 0.0% $981 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
01/12/2021 01/12/21 Price Changed $950,000 -4.9% $981 / Sq Ft
07/03/2020 07/03/20 Price Changed $999,000 -9.2% $1,032 / Sq Ft
05/13/2020 05/13/20 Price Changed $1,100,000 -4.3% $1,136 / Sq Ft
03/01/2020 03/01/20 Price Changed $1,150,000 -4.1% $1,188 / Sq Ft
02/05/2020 02/05/20 Price Changed $1,199,000 -40.0% $1,239 / Sq Ft
02/05/2020 02/05/20 Price Changed $1,999,000 +0.5% $2,065 / Sq Ft
02/05/2020 02/05/20 Price Changed $1,990,000 +65.8% $2,056 / Sq Ft
10/04/2019 10/04/19 Price Changed $1,200,000 -4.0% $1,240 / Sq Ft
05/18/2019 05/18/19 Price Changed $1,250,000 -3.8% $1,291 / Sq Ft
04/25/2019 04/25/19 Price Changed $1,300,000 +99900.0% $1,343 / Sq Ft
04/24/2019 04/24/19 Price Changed $1,300 -99.9% $1 / Sq Ft
03/19/2019 03/19/19 Price Changed $1,325,000 -1.9% $1,369 / Sq Ft
11/30/2018 11/30/18 For Sale $1,350,000 0.0% $1,395 / Sq Ft
09/28/2015 09/28/15 Pending -- -- --
08/13/2015 08/13/15 Sold $1,350,000 -12.9% $1,395 / Sq Ft
11/22/2014 11/22/14 For Sale $1,550,000 -- $1,601 / Sq Ft
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 $4,136 $458,200 $43,300 $414,900
2024 $4,136 $427,767 $0 $0
2023 $3,846 $397,333 $0 $0
2022 $3,556 $366,900 $42,000 $324,900
2021 $3,534 $363,033 $0 $0
2020 $3,445 $359,167 $0 $0
2019 $3,460 $355,300 $42,000 $313,300
2018 $3,417 $355,300 $42,000 $313,300
2017 $3,449 $355,300 $0 $0
2016 $5,197 $357,900 $0 $0
2015 $3,972 $357,900 $0 $0
2014 $3,972 $357,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO101398

Bright MLS

APN: 01-037218