NOT LISTED FOR SALE

106 Bank St Snow Hill, MD 21863

Estimated Value: $322,623

2 Beds
3 Baths
2,904 Sq Ft
$111/Sq Ft Est. Value

Last Sold August 09, 2021

Last sale price $255,405 $88 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,057/month

71 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • Open Floorplan
  • Snow Hill Elementary School Rated A
  • Second Kitchen
  • Contemporary Architecture

About This Home

As of August 2021

MOTIVATED SELLER!! Price Reduced, Do not miss the opportunity to take advantage of this well-preserved piece of Worcester County history. This property is situated within walking distance from the gorgeous Pocomoke River, and steps from the Worcester County Court House. This 1894 all brick two-story building located in the hustle and bustle of Snow Hill, features a timelessly modern apartment/flat allowing someone to live on the second floor while running a business or two from the first floor. The Bank Street entrance is currently used as an office and entrance to the second-floor living space. This unspoiled historic landmark features a gorgeous wood staircase that leads to the second-floor living space. The living space features open ceilings, gorgeous exposed brick, an updated kitchen with handmade wood cabinetry, as well as an open floor plan, a skylight with exposed beams, hardwood flooring, and an updated bathroom with a Solar Tube. This building also features a working 1924 freight elevator and a large dry basement for storage or entertainment. The freight elevator is still in working condition and services all three floors of the building. The HVAC units were updated in 2013. The retail space is currently being used as an art studio and has its own electrical entrance, kitchen, and bathroom as well as extensive storage. The Pearl Street entrance features storefront windows that showcase the chic art gallery that is the space's current use. Snow Hill businesses may be eligible for the following tax credits, Enterprise Zone (A real property tax credit on real property expansion, renovation, and capital improvements / 80% credit of eligible assessment for 5 years \ Facade Improvement (Main St Program) / Worcester County is also a federally designated SBA HUB Zone (Giving business's an advantage when contracting with the United States Federal Government.

Last Agent to Sell the Property

Rebecca Ward

Coldwell Banker Premier - Rehoboth Listed on: 04/17/2021

Coldwell Banker Premier - Rehoboth

Co-Listed By

Teresa E Porta

Whitehead Real Estate Exec.

Last Buyer's Agent

Gussie Sholtis

Sheppard Realty Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,937

Year Built

  • Built in 1894

Lot Details

  • 1,597 Sq Ft Lot
  • Home fronts navigable water
  • East Facing Home
  • Property is zoned B-1

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Plaster Walls

Interior Spaces

  • 2,904 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Built-In Features
  • Vinyl Wall or Ceiling
  • Beamed Ceilings
  • Brick Wall or Ceiling
  • Cathedral Ceiling
  • Double Pane Windows
  • Family Room Off Kitchen
  • Basement

Kitchen

  • Second Kitchen
  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Electric Dryer
  • ENERGY STAR Qualified Washer

Accessible Home Design

  • Lowered Light Switches
  • Doors are 32 inches wide or more

Outdoor Features

  • Water Access
  • River Nearby

Schools

  • Snow Hill Elementary And Middle School
  • Snow Hill High School

Utilities

  • Central Air
  • Heating Available
  • Vented Exhaust Fan
  • Electric Water Heater

Additional Features

  • Energy-Efficient Windows
  • Flood Risk

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 02-016990

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,937

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors, Accessible Switches/Outlets
  • Ownership: Fee Simple
  • Exclusions: Refrigerator in Studio downstairs kitchen
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main
  • Federal Flood Zone: Yes
  • Year Built: 1894
  • Automatically Close On Close Date: No
  • Remarks Public: MOTIVATED SELLER!! Price Reduced, Do not miss the opportunity to take advantage of this well-preserved piece of Worcester County history. This property is situated within walking distance from the gorgeous Pocomoke River, and steps from the Worcester County Court House. This 1894 all brick two-story building located in the hustle and bustle of Snow Hill, features a timelessly modern apartment/flat allowing someone to live on the second floor while running a business or two from the first floor. The Bank Street entrance is currently used as an office and entrance to the second-floor living space. This unspoiled historic landmark features a gorgeous wood staircase that leads to the second-floor living space. The living space features open ceilings, gorgeous exposed brick, an updated kitchen with handmade wood cabinetry, as well as an open floor plan, a skylight with exposed beams, hardwood flooring, and an updated bathroom with a Solar Tube. This building also features a working 1924 freight elevator and a large dry basement for storage or entertainment. The freight elevator is still in working condition and services all three floors of the building. The HVAC units were updated in 2013. The retail space is currently being used as an art studio and has its own electrical entrance, kitchen, and bathroom as well as extensive storage. The Pearl Street entrance features storefront windows that showcase the chic art gallery that is the space's current use. Snow Hill businesses may be eligible for the following tax credits, Enterprise Zone (A real property tax credit on real property expansion, renovation, and capital improvements / 80% credit of eligible assessment for 5 years \ Facade Improvement (Main St Program) / Worcester County is also a federally designated SBA HUB Zone (Giving business's an advantage when contracting with the United States Federal Government.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dryer, Dryer - Electric, Energy Star Clothes Washer, Exhaust Fan, Icemaker, Microwave, Oven - Self Cleaning, Dishwasher
  • Flooring Type: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: 2nd Kitchen, Built-Ins, Combination Dining/Living, Combination Kitchen/Dining, Exposed Beams, Family Room Off Kitchen, Flat, Floor Plan - Open
  • Window Features: Double Pane, Energy Efficient
  • Fireplace: No
  • Wall Ceiling Types: Brick, Beamed Ceilings, High, Cathedral Ceilings, Masonry, Plaster Walls, Vaulted Ceilings, Vinyl
  • Levels Count: 3
  • Basement: Yes
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2904
  • Living Area Sq Ft: 2904
  • Price Per Sq Ft: 87.78
  • Above Grade Finished Sq Ft: 2904
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 106

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 2
  • Lower Levels Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Lower Level Half Bathroom: 2
  • Lower Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Flat
  • Spa: No
  • Water Access: Yes
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: SNOW HILL
  • Middle School: SNOW HILL
  • High School: SNOW HILL
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138066543
  • School District Source: 3rd Party
  • Elementary School: SNOW HILL
  • High School: SNOW HILL
  • Middle Or Junior School: SNOW HILL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Land Use Code: 003
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1597.00
  • Year Assessed: 2020
  • Zoning: B-1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5376267
  • Tax Annual Amount: 1937.00
  • Assessor Parcel Number: 02-016990
  • Tax Total Finished Sq Ft: 2904
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/09/2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2021
Closed on
Aug 6, 2021
Sold by
Thompson Nancy Ellen and Carver Nancy Ellen
Bought by
Culbertson Robert H and Culbertson Kathryn G
Seller's Agent
Rebecca Ward
Coldwell Banker Premier - Rehoboth
Buyer's Agent
Gussie Sholtis
Sheppard Realty Inc
List Price
$279,900
Sold Price
$255,405
Premium/Discount to List
-$24,495
-8.75%
Current Estimated Value
$322,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,218
Avg. Annual Appreciation
3.74%
Original Mortgage
$204,324
Outstanding Balance
$186,860
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$109,767

Purchase Details

Closed on
Sep 9, 2002
Sold by
Robert Elliott W and Robert Carolyn W
Bought by
Ellen Carver Nancy

Purchase Details

Closed on
Mar 11, 1985
Sold by
Shockley Mabel M
Bought by
Elliott Elliott W and Elliott Carolyn W
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Culbertson Robert H $255,405 Ocean Investments Title Corp
Ellen Carver Nancy $75,000 --
Elliott Elliott W $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Culbertson Robert H $204,324
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2021 08/09/21 Sold $255,405 +0.2% $88 / Sq Ft
06/27/2021 06/27/21 Pending -- -- --
06/01/2021 06/01/21 Price Changed $254,900 -5.6% $88 / Sq Ft
05/14/2021 05/14/21 Price Changed $269,900 -3.6% $93 / Sq Ft
05/14/2021 05/14/21 For Sale $279,900 0.0% $96 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
04/17/2021 04/17/21 For Sale $279,900 -- $96 / 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 $3,757 $245,600 $25,000 $220,600
2024 $3,757 $199,267 $0 $0
2023 $2,897 $152,933 $0 $0
2022 $1,928 $106,600 $25,000 $81,600
2021 $1,937 $106,600 $25,000 $81,600
2020 $1,969 $106,600 $25,000 $81,600
2019 $1,979 $108,900 $25,000 $83,900
2018 $1,903 $107,100 $0 $0
2017 $1,870 $105,300 $0 $0
2016 -- $103,500 $0 $0
2015 -- $103,500 $0 $0
2014 $2,152 $103,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO121814

Bright MLS

APN: 02-016990