NOT LISTED FOR SALE

12720 Wye Landing Ln Wye Mills, MD 21679

Estimated Value: $1,021,000 - $4,565,729

4 Beds
2.5 Baths
2,056 Sq Ft
$1,359/Sq Ft Est. Value

Last Sold October 30, 2017

Last sale price $3,100,000 $1,508 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $16,471/month

Highlights

  • 1,320 Feet of Waterfront
  • 1 Dock Slip
  • Boat or Launch Ramp
  • Chapel District Elementary School Rated 9+
  • Pier
  • Eat-In Gourmet Kitchen

About This Home

As of October 2017

Extraordinary 155 acre waterfront farm on the Wye River. Handcrafted farmhouse with distinctive interior offering antique heart pine and field stone flooring, several fireplaces and woodstove. A deep water dock with boat lift, barn with luxury hunters room, livestock paddock, ponds and more. Also included in sale: Parcel 18, 60.29 acres.

Last Agent to Sell the Property

Schuyler Benson

(410) 310-3251 sbenson@bensonandmangold.com Benson & Mangold, LLC Listed on: 09/28/2017

Benson & Mangold, LLC

Last Buyer's Agent

Brian Gearhart

(410) 310-5179 brian@chesapeakebayproperties.com Benson & Mangold, LLC License #510143

Benson & Mangold, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,966

Year Built

  • Built in 1979

Lot Details

  • 155.6 Acre Lot
  • 1,320 Feet of Waterfront
  • Home fronts navigable water
  • Property is zoned A2

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Home Design

  • Dutch Architecture
  • Cedar

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Built-In Features
  • Ceiling Fan
  • 3 Fireplaces
  • Fireplace Mantel
  • Dining Area
  • Water Views
  • Eat-In Gourmet Kitchen
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2.5 Bathrooms

Basement

  • Partial Basement
  • Connecting Stairway

Outdoor Features

  • Pier
  • Water Access
  • River Nearby
  • Rip-Rap
  • Boat or Launch Ramp
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Stream or River on Lot
  • 1 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted
  • Shed
  • Storage Shed

Utilities

  • Cooling Available
  • Geothermal Heating and Cooling
  • Well
  • Electric Water Heater
  • Septic Tank
  • Sewer Holding Tank

Additional Features

  • Crops
  • Run-In Shed

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2104158733

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,966

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Type: Farm
  • Structure Type: Detached
  • Architectural Style: Dutch
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Year Built: 1979
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Interior Amenities: Kitchen - Gourmet, Kitchen - Table Space, Dining Area, Built-Ins, Floor Plan - Traditional
  • Fireplace Features: Equipment, Mantel(s)
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Entry Location: Hall
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Partial
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Shed, Storage Barn/Shed, Run-In Shed
  • Other Structures List: Shed, Storage Barn/Shed, Run-in Shed
  • Construction Materials: Cedar
  • Dock Type: Pier (Perpendicular)
  • Pool Private: No
  • View: Water
  • View: Yes
  • Water Access: Yes
  • Water Body Name: WYE RIVER
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 1320

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage, Gravel Driveway
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Geothermal, Ceiling Fan(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Geothermal Heat Pump
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Holding Tank, Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Farm Operation: Row Crop
  • Improvement Assessed Value: 325200.00
  • Land Assessed Value: 548600.00
  • Lot Size Acres: 155.60
  • Lot Size Area: 6777936
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6777936.00
  • Possible Use: Livestock
  • Property Attached Yn: No
  • Property Condition: Shows Well
  • Zoning: A2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5299681
  • Tax Annual Amount: 5966.31
  • Assessor Parcel Number: 2104158733
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Waterfront Features: Rip-Rap, Private Dock Site, Boat/Launch Ramp

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2017
Closed on
Oct 30, 2017
Sold by
Rardin Farms Llc
Bought by
Wye River Farms Llc
Seller's Agent
Schuyler Benson
Benson & Mangold, LLC
Buyer's Agent
Brian Gearhart
Benson & Mangold, LLC
List Price
$3,100,000
Sold Price
$3,100,000
Current Estimated Value
$2,793,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$306,635
Avg. Annual Appreciation
-1.29%
Original Mortgage
$2,790,000
Outstanding Balance
$2,336,650
Interest Rate
3.83%
Mortgage Type
Commercial
Estimated Equity
$456,715

Purchase Details

Closed on
Oct 13, 2016
Sold by
Whaley Ralph C and Whaley April D
Bought by
Rardin Farms Llc

Purchase Details

Listed on
Nov 8, 2011
Closed on
Jul 3, 2014
Sold by
Wye Hills Llc
Bought by
Whaley Ralph C and Whaley April D
Seller's Agent
Robert Lacaze
TTR Sotheby's International Realty
Buyer's Agent
Robert Lacaze
TTR Sotheby's International Realty
List Price
$3,350,000
Sold Price
$2,900,000
Premium/Discount to List
-$450,000
-13.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.33%
Original Mortgage
$700,000
Interest Rate
4.14%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 17, 2005
Sold by
Hamblin Steven T
Bought by
Wye Hills Llc

Purchase Details

Closed on
Dec 27, 1995
Sold by
Hamblin Steven T and Hamblin Lynn T
Bought by
Hamblin Steven T
Source: Public Records

Range of Values:

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List Price
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
Wye River Farms Llc $3,100,000 None Available
Wye River Fams Llc $3,100,000 None Available
Rardin Farms Llc $2,900,000 Eastern Shore Title Company
Whaley Ralph C $2,900,000 None Available
Wye Hills Llc $3,400,000 --
Hamblin Steven T $338,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wye River Fams Llc $2,790,000
Closed Wye River Farms Llc $2,790,000
Previous Owner Whaley Ralph C $700,000
Previous Owner Whaley Ralph C $1,000,000
Previous Owner Whaley Ralph C $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2017 10/30/17 Sold $3,100,000 0.0% $1,508 / Sq Ft
09/28/2017 09/28/17 Pending -- -- --
09/28/2017 09/28/17 For Sale $3,100,000 +6.9% $1,508 / Sq Ft
07/03/2014 07/03/14 Sold $2,900,000 -13.4% $1,411 / Sq Ft View Prior Sale
04/14/2014 04/14/14 Pending -- -- --
11/01/2012 11/01/12 For Sale $3,350,000 +15.5% $1,629 / Sq Ft
11/01/2012 11/01/12 Off Market $2,900,000 -- --
06/08/2012 06/08/12 Price Changed $3,350,000 -6.8% $1,629 / Sq Ft
11/08/2011 11/08/11 For Sale $3,595,000 -- $1,749 / 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 $21,328 $2,521,233 $0 $0
2024 $21,328 $2,369,367 $0 $0
2023 $18,924 $2,217,500 $732,000 $1,485,500
2022 $17,127 $2,168,067 $0 $0
2021 $8,153 $1,062,133 $0 $0
2020 $7,583 $1,012,700 $498,600 $514,100
2019 $6,357 $847,700 $498,600 $349,100
2018 $6,147 $847,700 $498,600 $349,100
2017 $6,026 $873,800 $0 $0
2016 $5,675 $873,800 $0 $0
2015 $6,051 $873,800 $0 $0
2014 $6,051 $955,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004344371

Bright MLS

APN: 04-158733