NOT LISTED FOR SALE

Estimated Value: $192,153

6.25 Acres
$30,744 Price per Acre
272,250 Sq Ft Lot

Sale Details

Date Sold: September 26, 2024

Last sale price $85,000 $37 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $1,256 / mo

38 Days on Market

About This Lot

As of September 2024

This Property is only 1 of 5 parcels zoned I-1 Light Industrial within a 14 mile radius of Princess Anne, inside of Somerset County, This Property sits on the boarder of the town of Princess Anne. Has deeded access from Loretto Rd. Property has a house, a detached garage and several outbuildings remaining. This property is adjacent to Urban Living on UMES Blvd and right down the road from University of Maryland Eastern Shore (UMES).

Last Agent to Sell the Property

Christopher Messick

(410) 543-2440 brent.miller@svn.com SVN |Miller Commercial Real Estate License #5012259 Listed on: 02/19/2024

SVN |Miller Commercial Real Estate

Co-Listed By

John McClellan, CCIM

(410) 543-2440 brent.miller@svn.com SVN |Miller Commercial Real Estate

Last Buyer's Agent

Bret Davis

(410) 677-0909 lwbunting@comcast.net Keller Williams Realty Delmarva

Keller Williams Realty Delmarva
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

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $773

Lot Details

  • 6.25 Acre Lot
  • Property is zoned I-1 LIGHT INDUSTRIAL

Utilities

  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2015009683

Property Details

Property Type

Land

Est. Annual Taxes

$773

Lot Details

6.25 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 0.35

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 6.25
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 272250.00
  • Zoning: I-1 LIGHT INDUSTRIAL
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 773.00
  • Assessor Parcel Number: 2015009683
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: SOMERSET 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 19, 2024
Closed on
Sep 26, 2024
Sold by
Bought by
Seller's Agent
Christopher Messick
SVN |Miller Commercial Real Estate
Buyer's Agent
Bret Davis
Keller Williams Realty Delmarva
List Price
$95,000
Sold Price
$85,000
Premium/Discount to List
-$10,000
-10.53%
Views
37
Current Estimated Value
$192,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,153
Avg. Annual Appreciation
53.62%
Original Mortgage
$55,000
Outstanding Balance
$36,062
Interest Rate
1%
Mortgage Type
New Conventional
Estimated Equity
$156,091

Purchase Details

Closed on
May 24, 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
$10,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Princess Anne, MD

See All Agents

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
$85,000 Bright Title And Settlement
$85,000 Bright Title And Settlement
$10,000 None Available
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 $55,000
Closed $55,000
Previous Owner $10,000
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
09/26/2024 09/26/24 Sold $85,000 -10.5% $37 / Sq Ft
03/28/2024 03/28/24 Pending -- -- --
02/19/2024 02/19/24 For Sale $95,000 -- $42 / 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
2026 $2,424 $117,000 $72,600 $44,400
2025 $2,424 $101,167 $0 $0
2024 $1,034 $85,333 $0 $0
2023 $858 $69,500 $42,500 $27,000
2022 $826 $66,600 $0 $0
2021 $826 $63,700 $0 $0
2020 $761 $60,800 $38,500 $22,300
2019 $8,724 $60,800 $38,500 $22,300
2018 $0 $60,800 $38,500 $22,300
2017 $761 $61,300 $0 $0
2016 $671 $60,833 $0 $0
2015 $671 $60,367 $0 $0
2014 $910 $59,900 $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: MDSO2004240

Bright MLS

APN: 15-009683

Your Personal Tour Guide

Ask me questions while you tour the home.