Seller's Agent in 2024
Robert Lacaze
TTR Sotheby's International Realty
(410) 310-7835
21 in this area
128 Total Sales
202 Cherry St St. Michaels, MD 21663
Estimated Value: $2,496,622
8
Beds
8.5
Baths
3,640
Sq Ft
$686/Sq Ft
Est. Value
Highlights
- 100 Feet of Waterfront
- Marina View
- Marble Flooring
- 2 Dock Slips
- Gourmet Kitchen
- 3-minute walk to Muskrat Park
About This Home
As of August 2024The Spectacular and Successful 7 Bedroom/7.5 bath waterfront residence located on one of St. Michael's most desirable locations. The renovations, design and craftsmanship leave no stone unturned. Recent renovations and improvements include roof, windows, electric and plumbing, wood siding, main sewer line, commercial grade appliances, kitchen cabinets, 3 propane commercial water on demand units and insulation. Each bedroom has its own marble bathroom. Conveniently located in the heart of St. Michaels allows one to enjoy all of the historic town's attractions, restaurants , marinas and shops. Additional features include dock , patio, and decks. There appears to be plenty of room for a waterside in-ground pool. * This magnificent property is currently being operated as a licensed Bed and Breakfast but can easily be converted back into a beautiful single - family residence.
Last Agent to Sell the Property
(410) 745-2596 lacazerob@gmail.com TTR Sotheby's International Realty Listed on: 12/04/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,846
Year Built
- Built in 1860 | Remodeled in 2020
Lot Details
- 0.26 Acre Lot
- 100 Feet of Waterfront
- Home fronts navigable water
- Downtown Location
- Picket Fence
- Wood Fence
- Property is zoned R2
Property Views
- Marina
- Harbor
- Scenic Vista
- Garden
Home Design
- Traditional Architecture
- Victorian Architecture
- Block Foundation
- Frame Construction
- Spray Foam Insulation
- Architectural Shingle Roof
- Wood Siding
Interior Spaces
- 3,640 Sq Ft Home
- Property has 2 Levels
- Built-In Features
- Ceiling Fan
- 4 Fireplaces
- Double Pane Windows
- Replacement Windows
- Insulated Windows
- Window Screens
- Dining Area
- Storm Windows
Kitchen
- Gourmet Kitchen
- Breakfast Area or Nook
- Instant Hot Water
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Parking Lot
Eco-Friendly Details
- ENERGY STAR Qualified Equipment
Outdoor Features
- Canoe or Kayak Water Access
- Private Water Access
- River Nearby
- 2 Dock Slips
- Physical Dock Slip Conveys
- Dock Against Bulkhead
- Dock made with Treated Lumber
- Powered Boats Permitted
- Multiple Balconies
Utilities
- Ductless Heating Or Cooling System
- Central Air
- Back Up Electric Heat Pump System
- Hot Water Baseboard Heater
- Programmable Thermostat
- Tankless Water Heater
- Propane Water Heater
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Saint Michaels Subdivision
Listing and Financial Details
- Assessor Parcel Number 2102062704
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 4, 2023
Closed on
Aug 30, 2024
Sold by
Beavers Richard P
Bought by
Sellier Summer Inn Llc
Seller's Agent
Robert Lacaze
TTR Sotheby's International Realty
Buyer's Agent
Robert Fitton
Meredith Fine Properties
List Price
$3,200,000
Sold Price
$2,475,000
Premium/Discount to List
-$725,000
-22.66%
Views
409
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
$21,622
Avg. Annual Appreciation
0.77%
Purchase Details
Listed on
Aug 2, 2019
Closed on
Oct 23, 2019
Sold by
Hambleton Inn Llc
Bought by
Beavers Richard P
Seller's Agent
Kurt Petzold
Chesapeake Bay Properties
Buyer's Agent
Kurt Petzold
Chesapeake Bay Properties
List Price
$1,395,000
Sold Price
$1,004,000
Premium/Discount to List
-$391,000
-28.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.45%
Original Mortgage
$800,000
Interest Rate
3.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 9, 2006
Sold by
202 Cherry Street Ltd Partnership
Bought by
Hambleton Inn Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 15, 2006
Sold by
202 Cherry Street Ltd Partnership
Bought by
Hambleton Inn Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 10, 1985
Sold by
Kepner, Charles H - Trustee
Bought by
202 Cherry Street Ltd Partnership
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sellier Summer Inn Llc | $2,475,000 | Venture Title | |
| Sellier Summer Inn Llc | $2,475,000 | Venture Title | |
| Beavers Richard P | $1,004,000 | Eastern Shore Title Company | |
| Hambleton Inn Llc | $1,100,000 | -- | |
| Hambleton Inn Llc | $1,100,000 | -- | |
| 202 Cherry Street Ltd Partnership | $210,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Beavers Richard P | $800,000 | |
| Previous Owner | Hambleton Inn Llc | $750,000 | |
| Previous Owner | Hambleton Inn Llc | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $2,475,000 | -4.8% | $680 / Sq Ft | |
| 07/22/2024 07/22/24 | Pending | -- | -- | -- | |
| 05/20/2024 05/20/24 | Price Changed | $2,600,000 | -5.5% | $714 / Sq Ft | |
| 05/09/2024 05/09/24 | Price Changed | $2,750,000 | -8.2% | $755 / Sq Ft | |
| 02/06/2024 02/06/24 | Price Changed | $2,995,000 | -6.4% | $823 / Sq Ft | |
| 12/04/2023 12/04/23 | For Sale | $3,200,000 | +218.7% | $879 / Sq Ft | |
| 10/25/2019 10/25/19 | Sold | $1,004,000 | -28.0% | $296 / Sq Ft | View Prior Sale |
| 08/12/2019 08/12/19 | Pending | -- | -- | -- | |
| 08/02/2019 08/02/19 | For Sale | $1,395,000 | -- | $411 / 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 | $21,359 | $1,713,200 | $954,700 | $758,500 |
| 2024 | $19,253 | $1,559,400 | $0 | $0 |
| 2023 | $16,846 | $1,405,600 | $0 | $0 |
| 2022 | $14,353 | $1,251,800 | $649,400 | $602,400 |
| 2021 | $28,031 | $1,249,904 | $0 | $0 |
| 2020 | $11,044 | $972,333 | $0 | $0 |
| 2019 | $11,044 | $972,300 | $649,400 | $322,900 |
| 2018 | $10,687 | $967,067 | $0 | $0 |
| 2017 | $9,491 | $961,833 | $0 | $0 |
| 2016 | $9,206 | $956,600 | $0 | $0 |
| 2015 | $10,901 | $956,600 | $0 | $0 |
| 2014 | $10,901 | $956,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Lacaze
-
Robert Fitton
Buyer's Agent in 2024
Robert Fitton
Meredith Fine Properties
(703) 577-1747
3 in this area
13 Total Sales
-
K
Seller's Agent in 2019
Kurt Petzold
Chesapeake Bay Properties
Map
Source: Bright MLS
MLS Number: MDTA2006712
APN: 02-062704
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