NOT LISTED FOR SALE

Estimated Value: $373,011 - $439,000

3 Beds
1.5 Baths
1,008 Sq Ft
$395/Sq Ft Est. Value

Last Sold September 13, 2019

Last sale price $268,000 $266 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,289/month

137 Days on Market

Highlights

  • Horses Allowed On Property
  • Open Floorplan
  • Main Floor Bedroom
  • Matapeake Elementary School Rated A-
  • Rambler Architecture
  • Stainless Steel Appliances

About This Home

As of September 2019

HUGE PRICE REDUCTION... Sellers are also offering closing help with acceptable offer. This home qualifies for 100% financing with USDA Rural Development Financing... With 3 bedrooms, 1 full and 1 half bath this Rancher is waiting for it's next owner. 207 Penny Lane had been freshly painted, newly installed carpeting in all bedrooms and hardwood flooring in the living areas and kitchen. Enjoy preparing dinner in the the bright kitchen featuring stainless appliances. Relax in the large fenced yard or enjoy fishing and crabbing at the Romancoke Pier that is only 2 blocks away. Only minutes to the Chesapeake Bay Bridge make it a easy commute to Baltimore, Annapolis or DC. Sellers are motivated, bring an offer...

Last Agent to Sell the Property

Edward Beres

(443) 271-3561 edberes@remax.net RE/MAX Executive Listed on: 03/07/2019

RE/MAX Executive

Last Buyer's Agent

Lisa Longest

(443) 786-4200 lisalongest.re@gmail.com Realty Navigator

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,953

Year Built

  • Built in 1979

Lot Details

  • 0.32 Acre Lot
  • North Facing Home
  • Wood Fence
  • Back Yard Fenced
  • Panel Fence
  • Property is in very good condition
  • Property is zoned NC-20

HOA Fees

  • $7 Monthly HOA Fees

Home Design

  • Rambler Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,008 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Dining Area
  • Carpet
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Matapeake Elementary And Middle School
  • Kent Island High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Heat Pump System
  • Well
  • Water Heater
  • Septic Tank
  • Community Sewer or Septic

Community Details

  • Romancoke On The Bay Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 04-016815

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,953

Year Built

Built in 1979

Lot Details

0

HOA Fees

$7 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2019-03-12
  • Federal Flood Zone: No
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Traditional, Carpet, Dining Area
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1008
  • Living Area Sq Ft: 1008
  • Price Per Sq Ft: 262.80
  • Above Grade Finished Sq Ft: 1008
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Secure Storage
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Parking Features: Gravel Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 85.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: MATAPEAKE
  • High School: KENT ISLAND
  • Middle Or Junior School: MATAPEAKE

Lot Info

  • Horses: Yes
  • Additional Parcels: No
  • Fencing: Panel, Rear, Wood
  • Lot Size Acres: 0.32
  • Lot Dimensions: x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13875.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good
  • Zoning: NC-20
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1953.00
  • Assessor Parcel Number: 04-016815
  • Tax Lot: 22
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2019
Closed on
Sep 13, 2019
Sold by
Harrell Amanda
Bought by
Dempsey Michael and Dempsey Hollyann
Seller's Agent
Edward Beres
RE/MAX Executive
Buyer's Agent
Lisa Longest
Realty Navigator
List Price
$289,000
Sold Price
$268,000
Premium/Discount to List
-$21,000
-7.27%
Current Estimated Value
$397,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,753
Avg. Annual Appreciation
6.65%
Original Mortgage
$263,145
Outstanding Balance
$231,199
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$166,554

Purchase Details

Closed on
May 24, 2012
Sold by
Totty Kirby and Totty Dawn
Bought by
Harrell Amanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,326
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 12, 2011
Closed on
Mar 16, 2012
Sold by
Moreland Sharon and Moreland Clarence B
Bought by
Totty Kirby and Totty Dawn
Seller's Agent
Jennifer Norfolk
Coldwell Banker Waterman Realty
Buyer's Agent
Debbie Houck
Douglas Realty LLC
List Price
$220,000
Sold Price
$122,000
Premium/Discount to List
-$98,000
-44.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%

Purchase Details

Closed on
Feb 8, 2007
Sold by
Buckingham Greg
Bought by
Moreland Clarence B and Moreland Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2007
Sold by
Buckingham Greg
Bought by
Moreland Clarence B and Moreland Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2004
Sold by
Barnes Beth Ann
Bought by
Buckingham Greg and Buckingham Michelle Barnes

Purchase Details

Closed on
Sep 13, 1995
Sold by
Barnes Wm D and Barnes Wm D Beth A
Bought by
Barnes Beth Ann
Source: Public Records

Range of Values:

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Average Value
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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
Dempsey Michael $26,800 Title Excellence
Harrell Amanda $212,000 Bay Real Estate Title Servic
Totty Kirby $122,000 Island Title Corporation
Moreland Clarence B $237,500 --
Moreland Clarence B $237,500 --
Buckingham Greg $203,000 --
Barnes Beth Ann $65,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dempsey Michael $263,145
Closed Dempsey Michael $7,894
Previous Owner Harrell Amanda $216,326
Previous Owner Moreland Clarence B $237,500
Previous Owner Moreland Clarence B $237,500
Closed Barnes Beth Ann --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/13/2019 09/13/19 Sold $268,000 +1.2% $266 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
06/19/2019 06/19/19 Price Changed $264,900 -3.6% $263 / Sq Ft
05/14/2019 05/14/19 Price Changed $274,900 -3.2% $273 / Sq Ft
04/30/2019 04/30/19 Price Changed $284,000 -1.7% $282 / Sq Ft
03/07/2019 03/07/19 For Sale $289,000 0.0% $287 / Sq Ft
01/13/2014 01/13/14 Rented $1,500 0.0% --
01/13/2014 01/13/14 Under Contract -- -- --
01/10/2014 01/10/14 For Rent $1,500 0.0% --
03/16/2012 03/16/12 Sold $122,000 -9.6% $121 / Sq Ft View Prior Sale
01/09/2012 01/09/12 Price Changed $134,900 -18.2% $134 / Sq Ft
12/22/2011 12/22/11 Pending -- -- --
12/13/2011 12/13/11 Price Changed $164,900 -25.0% $164 / Sq Ft
12/12/2011 12/12/11 For Sale $220,000 -- $218 / 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 $2,396 $272,367 $0 $0
2024 $280 $250,433 $0 $0
2023 $256 $228,500 $150,800 $77,700
2022 $244 $218,133 $0 $0
2021 $465 $207,767 $0 $0
2020 $453 $197,400 $130,800 $66,600
2019 $1,893 $197,400 $130,800 $66,600
2018 $1,893 $197,400 $130,800 $66,600
2017 $1,914 $202,500 $0 $0
2016 -- $193,267 $0 $0
2015 $987 $184,033 $0 $0
2014 $987 $174,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA136938

Bright MLS

APN: 04-016815