K
Seller's Agent in 2020
Kate Ulma
Coastal Life Realty Group LLC
(240) 320-5865
2 in this area
11 Total Sales
16181 Cedar Ln Newburg, MD 20664
Newburg NeighborhoodEstimated Value: $436,000 - $580,644
8
Beds
4
Baths
4,493
Sq Ft
$117/Sq Ft
Est. Value
Highlights
- 2,000 Feet of Waterfront
- 2 Dock Slips
- Access to Tidal Water
- La Plata High School Rated A-
- Marina View
- Private Beach
About This Home
As of November 2020Welcome to the breathtaking Cedar Lane Estate. This property is teeming with potential, consisting of two lots being sold together and a total of three residential homes, all currently leased and producing income. 16181 Cedar Ln. is a 3 bedroom, 2 bathroom cape cod on one lot with a private pier/dock. This home features a detached 2 car garage, carport, large deck, large front porch, fenced back yard, large master suite, and plenty of updates throughout. On the other lot sits two waterfront cottages, one with 2 bedrooms & 1 bathroom, the other with 3 bedrooms & 1 bathroom. Both cottages have plenty of outdoor living space with incredible waterfront views. This lot also includes several sheds/outbuildings, beautiful mature trees, plush green lawns, and a commercial sized fishing dock! The land itself is really the star of the show at this estate. A rip rap seawall has been constructed to protect the property from erosion. Formerly the home of a local oyster house, this unique property of nearly 3 acres is abundant with wildlife, gorgeous vegetation, and some of the best water views around. A concrete block wall around the interior lot line provides privacy and seclusion. Enter this oasis though a grand wrought iron gate, custom made for this estate (gate is wired with electricity for lighting and gate operation, not currently in working order). All three homes operate on geothermal heat and A/C. Opportunity and potential for this property is endless. Build your dream home, add a couple additional rental homes, or both! The possibilities are truly limitless. This is an excellent and rare opportunity for an investor or someone who is dreaming of their own private paradise. Seller will finance the sale. Please bring all serious offers. *ABSOLUTELY NO TRESPASSING OR DRIVE-BY'S . SHOWN BY APPOINTMENT ONLY. THESE HOMES ARE TENANT OCCUPIED. PLEASE RESPECT THEIR SPACE AND PRIVACY.*
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,631
Year Built
- Built in 1945
Lot Details
- 2.95 Acre Lot
- 2,000 Feet of Waterfront
- Home fronts navigable water
- Private Beach
- Masonry wall
- Partially Fenced Property
- Privacy Fence
- Secluded Lot
- Cleared Lot
- Wooded Lot
- Back, Front, and Side Yard
- Property is zoned RV
Parking
- 2 Car Detached Garage
- 2 Attached Carport Spaces
- Parking Storage or Cabinetry
- Front Facing Garage
- Gravel Driveway
Property Views
- Marina
- River
- Panoramic
Home Design
- Cape Cod Architecture
- Rambler Architecture
- Cottage
- Bungalow
- Block Foundation
- Shingle Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 4,493 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Bar
- Paneling
- Beamed Ceilings
- Ceiling Fan
- 1 Fireplace
- Dining Area
Kitchen
- Breakfast Area or Nook
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
Flooring
- Partially Carpeted
- Tile or Brick
- Ceramic Tile
Bedrooms and Bathrooms
- 8 Main Level Bedrooms
- En-Suite Bathroom
- 4 Full Bathrooms
- Soaking Tub
- Walk-in Shower
Laundry
- Electric Dryer
- Washer
Home Security
- Security Gate
- Flood Lights
Accessible Home Design
- No Interior Steps
Outdoor Features
- Access to Tidal Water
- Canoe or Kayak Water Access
- Private Water Access
- River Nearby
- Sun Deck
- Personal Watercraft
- Rip-Rap
- Swimming Allowed
- Electric Hoist or Boat Lift
- 2 Dock Slips
- Physical Dock Slip Conveys
- Stream or River on Lot
- Powered Boats Permitted
- Balcony
- Deck
- Patio
- Exterior Lighting
- Shed
- Outbuilding
- Porch
Utilities
- Central Air
- Heat Pump System
- Vented Exhaust Fan
- Geothermal Heating and Cooling
- Well
- Electric Water Heater
- Septic Tank
- Community Sewer or Septic
Listing and Financial Details
- Assessor Parcel Number 0905014514, 0905033284
Community Details
Overview
- No Home Owners Association
- Rock Point Subdivision
Recreation
- Fishing Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2020
Closed on
Nov 30, 2020
Sold by
Flood William G and Flood Betsy B
Bought by
Kates Suzan Kalin and Kates Levin N
Seller's Agent
Kate Ulma
Coastal Life Realty Group LLC
Buyer's Agent
Debbie Shapiro
TTR Sothebys International Realty
List Price
$1,250,000
Sold Price
$1,000,000
Premium/Discount to List
-$250,000
-20%
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
-$481,275
Avg. Annual Appreciation
-11.94%
Original Mortgage
$100,000
Outstanding Balance
$90,595
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$459,608
Purchase Details
Closed on
Jun 7, 2012
Sold by
Flood William G and Flood Betsy B
Bought by
Flood William G and Flood Betsy B
Purchase Details
Closed on
Mar 30, 2005
Sold by
Kalin Jonathan R
Bought by
Flood William G and Flood Betsy B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 3, 2005
Sold by
Save The Seed Ministry Inc
Bought by
Kalin Jonathan R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 28, 1996
Sold by
King Walter E and King June A
Bought by
Save The Seed Ministry Inc
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kates Suzan Kalin | $1,000,000 | Vincent Place T&E Llc | |
| Flood William G | -- | None Available | |
| Flood William G | $795,000 | -- | |
| Kalin Jonathan R | $320,000 | -- | |
| Save The Seed Ministry Inc | $300,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kates Suzan Kalin | $100,000 | |
| Previous Owner | Flood William G | $395,000 | |
| Closed | Save The Seed Ministry Inc | -- | |
| Closed | Kalin Jonathan R | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2020 11/30/20 | Sold | $1,000,000 | -20.0% | $223 / Sq Ft |
| 08/18/2020 08/18/20 | Pending | -- | -- | -- |
| 08/07/2020 08/07/20 | For Sale | $1,250,000 | -- | $278 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $7,186 | $516,633 | $0 | $0 |
| 2023 | $6,832 | $478,100 | $290,800 | $187,300 |
| 2022 | $6,624 | $478,100 | $290,800 | $187,300 |
| 2021 | $6,602 | $478,100 | $290,800 | $187,300 |
| 2020 | $7,147 | $521,700 | $382,900 | $138,800 |
| 2019 | $0 | $492,833 | $0 | $0 |
| 2018 | $6,110 | $463,967 | $0 | $0 |
| 2017 | $5,928 | $435,100 | $0 | $0 |
| 2016 | -- | $435,100 | $0 | $0 |
| 2015 | -- | $435,200 | $0 | $0 |
| 2014 | -- | $517,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Debbie Shapiro
TTR Sotheby's International Realty
(703) 407-1600
1 in this area
79 Total Sales
Map
Source: Bright MLS
MLS Number: MDCH216254
APN: 05-033284
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