Seller's Agent in 2022
Sharon Spedden
Sharon Real Estate P.C.
(410) 215-2774
176 Total Sales
1228 Old Madison Rd Madison, MD 21648
Estimated Value: $484,396 - $532,000
3
Beds
2.5
Baths
1,456
Sq Ft
$346/Sq Ft
Est. Value
Highlights
- 452 Feet of Waterfront
- 1 Dock Slip
- Pier
- South Dorchester School Rated 10
- Marina View
- Fishing Allowed
About This Home
As of January 2022Incredible westerly sunset water views from this low maintenance 3 BR 2.5BA home located on Madison Bay with easy access to the Chesapeake Bay. In excellent condition this home is low maintenance allowing you time to enjoy the waterfront, fishing, crabbing & boating available from your private pier & nearby boat ramp. The protected cove is perfect for launching kayaks, canoes and paddleboards. Plenty of outdoor living space on the waterside including Screened Porch, Deck and 2nd Story Deck/Balcony off master bedroom where you can enjoy the water lapping against the full rip-rapped shoreline, watch the workboats come in with the day's catch, observe the Great Blue Heron, Egrets, and Eagles and the serenity of the Eastern Shore. Located in the Village of Madison approximately 15 minutes outside of Cambridge you are near Blackwater National Wildlife Refuge, Harriet Tubman Visitor Center, just off of the Iron Man/Eagle Man Triathlon Route and near Emily's Produce (great local produce, food & farm activities), Woolford Country Store (best cheesesteak subs, fishing & hunting gear), Lindy's Seafood (freshest crabs & crab meat) and the new Maryland Blue Restaurant at Madison Bay. The Eastern Shore Lifestyle can easily be yours make this your new 2nd home, escape, or use it as a Vacation Rental when you cannot be there! Elevated homesite above flood plain with very low flood insurance rates - additional details available. Furnishing and contents available for purchase for an additional $10,000. Successfully operated as Vacation Rental by prior owners.
Last Agent to Sell the Property
(410) 228-2525 sharon@sharonre.com Sharon Real Estate P.C. License #20985 Listed on: 12/10/2021
Last Buyer's Agent
(410) 228-2900 dan@exitotb.com Eastern Shore Real Estate Referrals, LLC License #RMR005185
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,522
Year Built
- Built in 2012
Lot Details
- 0.67 Acre Lot
- 452 Feet of Waterfront
- Home fronts navigable water
- Rural Setting
- Property is in excellent condition
Property Views
- Marina
- Bay
Home Design
- Coastal Architecture
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,456 Sq Ft Home
- Property has 2 Levels
- Traditional Floor Plan
- Ceiling Fan
- Recessed Lighting
- Wood Burning Fireplace
- Fireplace Mantel
- Double Pane Windows
- Window Treatments
- Window Screens
- Sliding Doors
- Insulated Doors
- Living Room
- Formal Dining Room
- Crawl Space
Kitchen
- Galley Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
Flooring
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Bathroom
- Walk-In Closet
Laundry
- Laundry on main level
- Stacked Washer and Dryer
Parking
- 4 Parking Spaces
- 4 Driveway Spaces
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Pier
- Access to Tidal Water
- Canoe or Kayak Water Access
- Private Water Access
- Property near a bay
- Personal Watercraft
- Waterski or Wakeboard
- Rip-Rap
- Swimming Allowed
- 1 Dock Slip
- Physical Dock Slip Conveys
- Powered Boats Permitted
- Balcony
- Deck
- Screened Patio
- Exterior Lighting
- Shed
- Porch
Schools
- South Dorchester Elementary And Middle School
- Cambridge-South Dorchester High School
Utilities
- Central Air
- Heat Pump System
- Vented Exhaust Fan
- 200+ Amp Service
- Well
- Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 1016001953
Community Details
Overview
- No Home Owners Association
- Madison Subdivision
Recreation
- Fishing Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 10, 2021
Closed on
Jan 18, 2022
Sold by
Mare Vracar
Bought by
Le Thuan Q and Tran Helen
Seller's Agent
Sharon Spedden
Sharon Real Estate P.C.
Buyer's Agent
Dan Shoemaker
Eastern Shore Real Estate Referrals, LLC
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,849
Avg. Annual Appreciation
5.64%
Original Mortgage
$320,000
Outstanding Balance
$299,616
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$204,233
Purchase Details
Listed on
May 18, 2020
Closed on
Jul 1, 2020
Sold by
1228 Madison Rest Llc
Bought by
Vracar Marc and Vracar Lisa
Seller's Agent
Valerie Brown
Charles C. Powell, Inc. Realtors
Buyer's Agent
Sean Lamont
Howard Hanna Real Estate Services-Shrewsbury
List Price
$334,900
Sold Price
$325,000
Premium/Discount to List
-$9,900
-2.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.64%
Original Mortgage
$225,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 25, 2014
Sold by
Jones Thomas B
Bought by
1228 Madison Rest Llc
Purchase Details
Closed on
Mar 16, 2011
Sold by
Jones Thomas B
Bought by
Jones Thomas B
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Le Thuan Q | $400,000 | First American Title | |
| Vracar Marc | $325,000 | In House Title Co | |
| 1228 Madison Rest Llc | -- | None Available | |
| Jones Thomas B | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Le Thuan Q | $320,000 | |
| Previous Owner | Vracar Marc | $225,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/07/2022 01/07/22 | Sold | $400,000 | 0.0% | $275 / Sq Ft | |
| 12/13/2021 12/13/21 | Pending | -- | -- | -- | |
| 12/10/2021 12/10/21 | For Sale | $399,900 | +23.0% | $275 / Sq Ft | |
| 07/01/2020 07/01/20 | Sold | $325,000 | -3.0% | $223 / Sq Ft | View Prior Sale |
| 06/03/2020 06/03/20 | Pending | -- | -- | -- | |
| 05/18/2020 05/18/20 | For Sale | $334,900 | -- | $230 / Sq Ft |
Source: Bright MLS
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 | $4,120 | $355,500 | $0 | $0 |
| 2024 | $3,611 | $337,400 | $0 | $0 |
| 2023 | $3,611 | $319,300 | $94,200 | $225,100 |
| 2022 | $3,597 | $318,033 | $0 | $0 |
| 2021 | $3,568 | $316,767 | $0 | $0 |
| 2020 | $3,568 | $315,500 | $100,100 | $215,400 |
| 2019 | $3,419 | $302,067 | $0 | $0 |
| 2018 | $3,270 | $288,633 | $0 | $0 |
| 2017 | $3,054 | $275,200 | $0 | $0 |
| 2016 | -- | $275,200 | $0 | $0 |
| 2015 | $22 | $275,200 | $0 | $0 |
| 2014 | $22 | $280,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Sharon Spedden
-
Dan Shoemaker
Buyer's Agent in 2022
Dan Shoemaker
Eastern Shore Real Estate Referrals, LLC
(410) 353-4387
66 Total Sales
-
Valerie Brown
Seller's Agent in 2020
Valerie Brown
Charles C. Powell, Inc. Realtors
(410) 463-3627
327 Total Sales
-
Sean Lamont
S
Buyer's Agent in 2020
Sean Lamont
Howard Hanna
(717) 576-1341
19 Total Sales
Map
Source: Bright MLS
MLS Number: MDDO2001262
APN: 16-001953
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