NOT LISTED FOR SALE

1023 Monroe Ave Saint Michaels, MD 21663

Estimated Value: $751,000 - $880,000

4 Beds
2.5 Baths
2,756 Sq Ft
$293/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $650,000 $236 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,803/month

1 Day on Market

Highlights

  • Pier or Dock
  • Canoe or Kayak Water Access
  • Lake Privileges
  • Home fronts navigable water
  • Open Floorplan
  • Colonial Architecture

About This Home

As of June 2022

Enjoy all the amenities of Eastern Shore living in this spacious, modern, move-in ready, water-access home with several dramatic design features and great open entertainment space. Substantial upgrades have been made to this house over the last couple of years, including a new roof and HVAC.
This versatile, custom-built home has a first-floor primary bedroom suite with a large walk-in closet, twin-sinks and an oversized shower with bench. The high-ceilinged great room is accented with an efficient gas fireplace. A chef's kitchen, with gas cooking and two ovens, connects the formal dining room with the everyday dinette that overlooks a private paver patio, and fenced and landscaped grounds. The airy and bright garden-view sunroom as a separate entrance to the patio. A front sitting room, tucked behind French doors, serves as a quiet place to read or could be an ideal home office. A large pantry, powder room and laundry complete the first floor. The open, wooden staircase in the great room leads to a second-floor balcony and three bedrooms, or two bedrooms and a media room, with full bath. An unexpected and large walk-in storage room completes the second floor. The home has an extended, attached two-stall garage beautifully finished with storage cabinets. A large garden shed is equipped with electrical service. The home is served by public water and sewer and is close to a fire hydrant, a rare, but important safety feature. It is shaded by mature trees and is minutes from the shops, restaurants and the harbor of Historic St. Michaels. The St. Michaels Nature Trail is a short distance away. Community residents also enjoy access to a private picnic park on the Miles River and a marina with a kayak launch and seasonal small-boat slips for rent. All this, and no expensive town taxes.

Last Agent to Sell the Property

Carolina Barksdale

Benson & Mangold, LLC License #575707 Listed on: 03/20/2022

Benson & Mangold, LLC

Last Buyer's Agent

Dane Ways

Long & Foster Real Estate, Inc. License #594210

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,462

Year Built

  • Built in 2004

Lot Details

  • 0.28 Acre Lot
  • Home fronts navigable water
  • Back Yard Fenced
  • Landscaped
  • Extensive Hardscape
  • Corner Lot
  • Property is in very good condition

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 2,756 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • 1 Fireplace
  • Screen For Fireplace
  • Window Treatments
  • Mud Room
  • Entrance Foyer
  • Family Room Overlook on Second Floor
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • Den
  • Sun or Florida Room
  • Storage Room
  • Wood Flooring
  • Crawl Space
  • Attic Fan

Kitchen

  • Country Kitchen
  • Breakfast Room
  • Built-In Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • River Nearby
  • Swimming Allowed
  • Stream or River on Lot
  • Powered Boats Permitted
  • Lake Privileges
  • Patio
  • Shed

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Underground Utilities
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 25 F
  • Assessor Parcel Number 2102115921

Community Details

Overview

  • Rio Vista Subdivision

Amenities

  • Picnic Area

Recreation

  • Pier or Dock
  • 1 Community Docks

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,462

Year Built

Built in 2004

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Remarks Public: Enjoy all the amenities of Eastern Shore living in this spacious, modern, move-in ready, water-access home with several dramatic design features and great open entertainment space. Substantial upgrades have been made to this house over the last couple of years, including a new roof and HVAC. This versatile, custom-built home has a first-floor primary bedroom suite with a large walk-in closet, twin-sinks and an oversized shower with bench. The high-ceilinged great room is accented with an efficient gas fireplace. A chef's kitchen, with gas cooking and two ovens, connects the formal dining room with the everyday dinette that overlooks a private paver patio, and fenced and landscaped grounds. The airy and bright garden-view sunroom as a separate entrance to the patio. A front sitting room, tucked behind French doors, serves as a quiet place to read or could be an ideal home office. A large pantry, powder room and laundry complete the first floor. The open, wooden staircase in the great room leads to a second-floor balcony and three bedrooms, or two bedrooms and a media room, with full bath. An unexpected and large walk-in storage room completes the second floor. The home has an extended, attached two-stall garage beautifully finished with storage cabinets. A large garden shed is equipped with electrical service. The home is served by public water and sewer and is close to a fire hydrant, a rare, but important safety feature. It is shaded by mature trees and is minutes from the shops, restaurants and the harbor of Historic St. Michaels. The St. Michaels Nature Trail is a short distance away. Community residents also enjoy access to a private picnic park on the Miles River and a marina with a kayak launch and seasonal small-boat slips for rent. All this, and no expensive town taxes.
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Disposal, Dishwasher, Dryer, Exhaust Fan, Microwave, Oven - Wall, Refrigerator, Stove, Washer, Water Heater
  • Interior Amenities: Attic, Breakfast Area, Kitchen - Country, Dining Area, Primary Bath(s), Window Treatments, Wood Floors, Floor Plan - Open
  • Fireplace Features: Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Den, Foyer, Breakfast Room, 2nd Stry Fam Ovrlk, 2nd Stry Fam Rm, Sun/Florida Room, Mud Room, Storage Room
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2756
  • Living Area Sq Ft: 2756
  • Price Per Sq Ft: 235.49
  • Above Grade Finished Sq Ft: 2756
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1023

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding, Stone
  • Exterior Features: Extensive Hardscape
  • Roof: Asphalt
  • Water Access Features: Boat - Powered, Canoe/Kayak, Private Access, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: SPENCER CREEK/MILES RIVER
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s), Attic Fan
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Under Ground
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 50.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pier/Dock, Picnic Area, Water/Lake Privileges
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: TALBOT COUNTY PUBLIC SCHOOLS
  • School District Key: 121138072466
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Fencing: Rear, Fully
  • Improvement Assessed Value: 305900.00
  • Land Assessed Value: 141300.00
  • Land Use Code: R
  • Lot Features: Corner, Landscaping
  • Lot Size Acres: 0.28
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12196.80
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Zoning: R
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Multi Family

  • Mean Low Water Feet: 2

Tax Info

  • Assessor Parcel Number: 5295045
  • Assessor Parcel Number: 2102115921
  • Tax Lot: 25 F
  • Tax Total Finished Sq Ft: 2756
  • Tax Year: 2022
  • Close Date: 06/06/2022

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2022
Closed on
Jun 2, 2022
Sold by
Albert M Teplin Revocable Trust
Bought by
Potts William R and Potts Susanne
Seller's Agent
Carolina Barksdale
Benson & Mangold, LLC
Buyer's Agent
Dane Ways
Long & Foster Real Estate, Inc.
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%
Current Estimated Value
$808,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,574
Avg. Annual Appreciation
6.69%
Original Mortgage
$520,000
Outstanding Balance
$499,631
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$298,899

Purchase Details

Listed on
Apr 22, 2018
Closed on
Jun 13, 2019
Sold by
Cooper Richard L and Cooper Patricia C
Bought by
First Amendment To & Complete Restatemen
Seller's Agent
Carolina Barksdale
Benson & Mangold, LLC
Buyer's Agent
Carolina Barksdale
Benson & Mangold, LLC
List Price
$549,000
Sold Price
$490,000
Premium/Discount to List
-$59,000
-10.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%
Original Mortgage
$300,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2006
Sold by
Coenen Ronald J
Bought by
Cooper Richard L and Cooper Patricia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2006
Sold by
Coenen Ronald J
Bought by
Cooper Richard L and Cooper Patricia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2005
Sold by
Coenen Judy D and Coenen Ronald J
Bought by
Coenen Ronald J and Coenen Judy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.83%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 21, 2004
Sold by
Fox Construction Inc
Bought by
Coenen Judy D and Coenen Ronald J
Source: Public Records

Range of Values:

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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
First Amendment To & Complete Restatemen $490,000 Eastern Shore Title Company
Cooper Richard L $530,000 --
Cooper Richard L $530,000 --
Coenen Ronald J -- --
Coenen Judy D $378,868 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open First Amendment To & Complete Restatemen $300,000
Previous Owner Cooper Richard L $400,180
Previous Owner Cooper Richard L $417,000
Previous Owner Cooper Richard L $417,000
Previous Owner Cooper Richard L $44,600
Previous Owner Cooper Richard L $106,000
Previous Owner Cooper Richard L $397,500
Previous Owner Cooper Richard L $397,500
Previous Owner Coenen Judy D $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $650,000 +0.2% $236 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/20/2022 03/20/22 For Sale $649,000 +32.4% $235 / Sq Ft
06/17/2019 06/17/19 Sold $490,000 -2.0% $178 / Sq Ft
04/03/2019 04/03/19 Pending -- -- --
03/21/2019 03/21/19 Price Changed $499,900 -2.0% $181 / Sq Ft
03/06/2019 03/06/19 Price Changed $510,000 -0.9% $185 / Sq Ft
01/11/2019 01/11/19 Price Changed $514,500 -0.1% $187 / Sq Ft
10/16/2018 10/16/18 Price Changed $515,000 -2.8% $187 / Sq Ft
09/29/2018 09/29/18 Price Changed $529,900 -1.7% $192 / Sq Ft
07/01/2018 07/01/18 Price Changed $539,000 -1.8% $196 / Sq Ft
04/22/2018 04/22/18 For Sale $549,000 -- $199 / 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
2024 $4,462 $538,400 $0 $0
2023 $4,179 $492,800 $0 $0
2022 $3,053 $447,200 $141,300 $305,900
2021 $5,864 $424,133 $0 $0
2020 $2,858 $401,067 $0 $0
2019 $2,569 $378,000 $109,600 $268,400
2018 $2,336 $365,367 $0 $0
2017 $2,242 $352,733 $0 $0
2016 $2,186 $340,100 $0 $0
2015 $2,188 $340,100 $0 $0
2014 $2,188 $340,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDTA2002470

Bright MLS

APN: 02-115921