NOT LISTED FOR SALE

Estimated Value: $4,329,000 - $4,600,194

3.1 Acres
$1,440,193 Price per Acre
135,036 Sq Ft Lot

Last Sold December 12, 2013

Last sale price $2,350,000

Est. 90% increase in value since last sale

Current estimated payment $27,477/month

Highlights

  • 1 Dock Slip
  • Water Views
  • Water Access
  • Severn River Middle School Rated 9+
  • Home fronts navigable water
  • 3.1 Acre Lot

About This Lot

As of December 2013

Extraordinary Waterfront Lot in St. Margarets with magnificent views of the Chesapeake Bay and beyond! This lot is an open field.... ready for your plans. Wet season perc, 2013. A beautiful Maidstone Farm lot with 3.1 acres and 200+ feet of waterfront....rip rapped. Deep water boat slip at community pier on protected waters at Brewers Cove. The setting is unmatched in this St. Margaret's location

Last Agent to Sell the Property

Day Weitzman

Coldwell Banker Realty Listed on: 06/05/2013

Coldwell Banker Realty

Last Buyer's Agent

Georgie Berkinshaw

Coldwell Banker Realty License #89112

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,856

Lot Details

  • 3.1 Acre Lot
  • Home fronts navigable water
  • No Building Permits

HOA Fees

  • $83 Monthly HOA Fees

Additional Features

  • Water Views
  • No Septic System

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 020300090068176

Community Details

Recreation

  • Water Access
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • 1 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted

Property Details

Property Type

Land

Est. Annual Taxes

$9,856

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Drive-Thru
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 19.25

Exterior Features

  • Dock Type: Single Slip
  • Construction Completed: No
  • View: Water
  • Water Access: Yes
  • Water Body Name: CHESAPEAKE BAY
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic System

Condo/Co-op/Association

  • HOA Fees: 1000.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes

Lot Info

  • Lot Size Acres: 3.10
  • Lot Size Area: 135036
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 135036.00
  • Perc Sites: 3
  • Possible Use: Residential
  • Year Assessed: 2013
  • Zoning: 1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15202016
  • Tax Annual Amount: 9856.08
  • Assessor Parcel Number: 020300090068176
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012
  • Close Date: 12/12/2013

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Mean Low Water Feet: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2013
Closed on
Dec 18, 2013
Sold by
Marselle John Edward and Marselle Teresa Lynn
Bought by
Meek Robert B and Gill Parabh K
Seller's Agent
Day Weitzman
Coldwell Banker Realty
Buyer's Agent
Georgie Berkinshaw
Coldwell Banker Realty
List Price
$2,600,000
Sold Price
$2,350,000
Premium/Discount to List
-$250,000
-9.62%
Current Estimated Value
$4,464,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,114,597
Avg. Annual Appreciation
3.69%
Original Mortgage
$1,650,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2002
Sold by
Marselle John E
Bought by
Marselle John E and Marselle Teresa L

Purchase Details

Closed on
Apr 10, 2002
Sold by
Marselle John E
Bought by
Marselle John E
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Meek Robert B $2,305,000 Mid Maryland Title Company I
Marselle John E -- --
Marselle John E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meek Robert B $4,200,000
Closed Meek Robert B $4,312,500
Closed Meek Robert B $1,650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2013 12/12/13 Sold $2,350,000 -9.6% --
08/07/2013 08/07/13 Pending -- -- --
06/05/2013 06/05/13 For Sale $2,600,000 -- --
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 $39,076 $3,773,533 -- --
2024 $39,076 $3,508,200 $1,482,400 $2,025,800
2023 $38,689 $3,485,467 $0 $0
2022 $36,765 $3,462,733 $0 $0
2021 $36,528 $3,440,000 $1,382,400 $2,057,600
2020 $35,499 $3,342,533 $0 $0
2019 $10,226 $1,152,400 $0 $0
2018 $11,381 $1,122,400 $1,122,400 $0
2017 $10,752 $1,049,233 $0 $0
2016 -- $976,067 $0 $0
2015 -- $902,900 $0 $0
2014 -- $902,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003544156

Bright MLS

APN: 03-000-90068176