NOT LISTED FOR SALE

1224 Old Madison Rd Madison, MD 21648

Estimated Value: $472,011

3 Beds
2.5 Baths
1,224 Sq Ft
$386/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2022

Last sale price $450,000 $368 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,883 / mo

168 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Pier
  • Cape Cod Architecture
  • 5 Dock Slips
  • Open Floorplan
  • Deck

About This Home

As of November 2022

A great location with endless opportunities. Raised three bedroom and 2.5 bath home on Madison Bay. Stunning views of Madison Bay are easily enjoyed from the 2nd floor windows. The backyard and side yard are spacious. There is a small private beach connected to the backyard. Also included is a 1226 Old Madison rd which is a commercial property. It can be renovated into a new business opportunity our be used as a waterside hangout for friends and family. The commercial property contains a marina, showcasing a large pier with 15 + Boats slips, an office, and outbuildings. Property also includes above ground fuel tanks. Commercial property Sold As Is.

Last Agent to Sell the Property

Dennis Covey

(410) 822-6272 mre@goeaston.net Meredith Fine Properties License #574815 Listed on: 02/04/2022

Last Buyer's Agent

Sharon Spedden

(410) 228-2525 sharon@sharonre.com Sharon Real Estate P.C. License #20985

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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,737

Year Built

  • Built in 2009

Lot Details

  • 23,849 Sq Ft Lot
  • 100 Feet of Waterfront
  • Home fronts navigable water

Parking

  • 2 Car Attached Garage
  • Tuck Under Parking
  • Basement Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Cape Cod Architecture
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,224 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Window Treatments
  • Water Views
  • Basement
  • Front, Rear, and Side Basement Entry
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Upgraded Countertops
  • Instant Hot Water

Bedrooms and Bathrooms

  • En-Suite Bathroom

Outdoor Features

  • Pier
  • Water Access
  • Property near a bay
  • 5 Dock Slips
  • Physical Dock Slip Conveys
  • 6 Powered Boats Permitted
  • 6 Non-Powered Boats Permitted
  • Deck

Location

  • Flood Risk

Utilities

  • Cooling Available
  • Heat Pump System
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1016002895

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,737

Year Built

Built in 2009

Lot Details

0.55 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2022-02-04
  • Federal Flood Zone: Yes
  • Year Built: 2009
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Oven/Range - Electric
  • Interior Amenities: Combination Kitchen/Dining, Combination Dining/Living, Upgraded Countertops, Primary Bath(s), Window Treatments, Floor Plan - Open
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Front Entrance, Side Entrance, Rear Entrance, Outside Entrance
  • Total Sq Ft: 1224
  • Living Area Sq Ft: 1224
  • Price Per Sq Ft: 399.92
  • Above Grade Finished Sq Ft: 1224
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Shingle
  • View: Water
  • Water Access: Yes
  • Water Body Name: MADISON BAY
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Gravel Driveway, Under Home Parking
  • Garage Features: Basement Garage, Garage - Rear Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Instant Hot Water
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

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

  • Improvement Assessed Value: 153000.00
  • Land Assessed Value: 93600.00
  • Lot Size Acres: 0.55
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23849.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: V
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5324202
  • Tax Annual Amount: 2737.00
  • Assessor Parcel Number: 1016002895
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: DORCHESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2022
Closed on
Nov 30, 2022
Sold by
Bought by
Seller's Agent
Dennis Covey
Meredith Fine Properties
Buyer's Agent
Sharon Spedden
Sharon Real Estate P.C.
List Price
$499,500
Sold Price
$450,000
Premium/Discount to List
-$49,500
-9.91%
Views
16
Current Estimated Value
$472,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,011
Avg. Annual Appreciation
1.31%
Original Mortgage
$337,500
Outstanding Balance
$324,259
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$147,752

Purchase Details

Closed on
Nov 23, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 2006
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$450,000 First American Title
-- None Available
$349,000 Dba Real Estate T&E
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $150,000
Open $337,500
Previous Owner $278,000
Previous Owner $279,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $450,000 -8.1% $368 / Sq Ft
07/23/2022 07/23/22 Pending -- -- --
04/04/2022 04/04/22 Price Changed $489,500 -2.0% $400 / Sq Ft
02/04/2022 02/04/22 For Sale $499,500 -- $408 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,466 $298,267 $0 $0
2024 $2,802 $272,433 $0 $0
2023 $2,802 $246,600 $93,600 $153,000
2022 $2,800 $246,367 $0 $0
2021 $2,794 $246,133 $0 $0
2020 $2,794 $245,900 $99,300 $146,600
2019 $2,794 $245,900 $99,300 $146,600
2018 $2,794 $245,900 $99,300 $146,600
2017 $3,030 $273,000 $0 $0
2016 -- $272,700 $0 $0
2015 $3,662 $272,700 $0 $0
2014 $3,662 $277,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dennis Covey Real Estate Agent - Meredith Fine Properties

    Seller's Agent in 2022

    Dennis Covey

    Meredith Fine Properties

    (410) 924-4752

    33 Total Sales

    Dennis Covey
    Section Image
  • Sharon Spedden Real Estate Agent - Sharon Real Estate P.C.

    Buyer's Agent in 2022

    Sharon Spedden

    Sharon Real Estate P.C.

    (410) 215-2774

    154 Total Sales

    Sharon Spedden
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDDO2001668

Bright MLS

APN: 16-002895

Maryland Dorchester County Madison 21648

1224 Old Madison Rd, Madison, MD

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