NOT LISTED FOR SALE

12875 Backbone Rd Princess Anne, MD 21853

Estimated Value: $167,000 - $6,793,000

Studio
1 Bath
912 Sq Ft
$4,259/Sq Ft Est. Value

About This Home

This home is located at 12875 Backbone Rd, Princess Anne, MD 21853 and is currently estimated at $3,884,200, approximately $4,258 per square foot. 12875 Backbone Rd is a home located in Somerset County with nearby schools including Well Watered Wells Leadership Academy.

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

Closed on
Nov 12, 2020
Sold by
Bought by
Current Estimated Value
$3,884,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,230,000
Outstanding Balance
$2,847,888
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$1,036,312

Purchase Details

Closed on
Jan 27, 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
$2,500,000
Interest Rate
3.74%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 26, 2018
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
$2,700,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 20, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 15, 2007
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 1987
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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.

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First American

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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.

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Average Value
Not Available
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

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
$3,720,000 None Available
-- None Available
-- None Available
$275,000 None Available
$211,100 --
$211,100 --
$229,000 --
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 $3,230,000
Previous Owner $2,500,000
Previous Owner $100,000
Previous Owner $2,700,000
Source: Public Records

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 $36,809 $1,640,733 $0 $0
2024 $16,960 $1,498,567 $0 $0
2023 $15,379 $1,356,400 $40,800 $1,315,600
2022 $15,126 $1,333,600 $0 $0
2021 $30,251 $1,310,800 $0 $0
2020 $14,471 $1,288,000 $36,800 $1,251,200
2019 $14,471 $1,288,000 $36,800 $1,251,200
2018 $0 $1,288,000 $36,800 $1,251,200
2017 $14,887 $1,326,900 $0 $0
2016 $952 $1,325,467 $0 $0
2015 $952 $85,633 $0 $0
2014 -- $84,200 $0 $0
Source: Public Records

Map

Maryland Somerset County Princess Anne 21853

12875 Backbone Rd, Princess Anne, MD

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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