208 E Chew Ave Saint Michaels, MD 21663
Estimated Value: $669,927 - $849,000
2
Beds
2
Baths
1,188
Sq Ft
$628/Sq Ft
Est. Value
Highlights
- Wood Flooring
- No HOA
- Double Pane Windows
- Main Floor Bedroom
- Breakfast Area or Nook
- 4-minute walk to Saint Marys Square
About This Home
As of July 2020This adorable bungalow is one of the very few approved short term vacation rentals within the St. Michaels town limits. The owners report income ranging from approximately $25,000 - $38,000 per year. It is in turnkey condition and has been completely renovated over the years. The location between St. Michaels Harbor and downtown makes it ideal - accessible to shops and restaurants yet quiet. It is out of the AE flood zone and has off street parking.Use the cottage for your own getaway and/or generate income from renting it. The spacious 60' x 120' lot allows plenty of room for expansion (although expansion will negate the grandfathered vacation rental status) and Chew Ave. is not in the Historic District, so renovation does not require Historic District Commission approval. The large shed is unfinished but has a concrete floor electric.
Last Agent to Sell the Property
Benson & Mangold, LLC License #306848 Listed on: 06/16/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,144
Year Built
- Built in 1940
Lot Details
- 7,200 Sq Ft Lot
- Back Yard
- Property is in very good condition
Home Design
- Bungalow
- Wood Siding
Interior Spaces
- 1,188 Sq Ft Home
- Property has 1.5 Levels
- Ceiling Fan
- Double Pane Windows
- Living Room
- Combination Kitchen and Dining Room
- Utility Room
- Wood Flooring
- Crawl Space
- Storm Doors
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Stove
- Built-In Microwave
- Dishwasher
Bedrooms and Bathrooms
Laundry
- Laundry on main level
- Stacked Washer and Dryer
Parking
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Shed
Utilities
- Forced Air Heating and Cooling System
- Heating System Powered By Leased Propane
- Vented Exhaust Fan
- Propane
- Electric Water Heater
- Municipal Trash
- Cable TV Available
Community Details
- No Home Owners Association
- St. Michaels Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 20
- Assessor Parcel Number 2102065150
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2020
Closed on
Jul 20, 2020
Sold by
Rum Steven A and Rum Carol M
Bought by
Sobieray Edmund S and Ortiz Sandra R
Seller's Agent
Debra Crouch
Benson & Mangold, LLC
Buyer's Agent
Cornelia Heckenbach
Long & Foster Real Estate, Inc.
List Price
$475,000
Sold Price
$462,500
Premium/Discount to List
-$12,500
-2.63%
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
$283,232
Avg. Annual Appreciation
8.42%
Original Mortgage
$370,000
Outstanding Balance
$333,002
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$355,342
Purchase Details
Closed on
Mar 15, 2007
Sold by
Gearhart Investments Inc
Bought by
Rum Steven A and Rum M. Carol
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,600
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 14, 2007
Sold by
Gearhart Investments Inc
Bought by
Rum Steven A and Rum M. Carol
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,600
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 21, 2005
Sold by
Wroten Marie E
Bought by
Gearhart Investments Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 14, 2005
Sold by
Wroten Marie E
Bought by
Gearhart Investments Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 1, 2003
Sold by
Suder Robert B
Bought by
Wroten Marie E
Purchase Details
Closed on
Aug 1, 2002
Sold by
Parsons Paul W
Bought by
Suder Robert B and Downes Shirley L
Purchase Details
Closed on
Apr 20, 2001
Sold by
Parsons Paul W
Bought by
Parsons Paul W and Parsons Margaret Parsons,
Purchase Details
Closed on
Mar 5, 1998
Sold by
Collemer Craig
Bought by
Parsons Paul W and Parsons Margarit M
Purchase Details
Closed on
Dec 21, 1995
Sold by
Stinchcomb Cathy Jo
Bought by
Collemer Craig and Laparl Gary
Similar Homes in Saint Michaels, MD
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 |
|---|---|---|---|
| Sobieray Edmund S | $462,500 | Venture Title Company Llc | |
| Rum Steven A | $477,000 | -- | |
| Rum Steven A | $477,000 | -- | |
| Gearhart Investments Inc | $398,000 | -- | |
| Gearhart Investments Inc | $398,000 | -- | |
| Wroten Marie E | $290,000 | -- | |
| Suder Robert B | $137,200 | -- | |
| Parsons Paul W | -- | -- | |
| Parsons Paul W | $116,000 | -- | |
| Collemer Craig | $98,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sobieray Edmund S | $370,000 | |
| Previous Owner | Rum Steven A | $361,664 | |
| Previous Owner | Rum Steven A | $381,600 | |
| Previous Owner | Rum Steven A | $381,600 | |
| Previous Owner | Gearhart Investments Inc | $398,000 | |
| Previous Owner | Gearhart Investments Inc | $398,000 | |
| Closed | Collemer Craig | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2020 07/20/20 | Sold | $462,500 | -2.6% | $389 / Sq Ft |
| 06/16/2020 06/16/20 | Pending | -- | -- | -- |
| 06/16/2020 06/16/20 | For Sale | $475,000 | -- | $400 / 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 | $5,544 | $449,033 | $0 | $0 |
| 2023 | $4,901 | $412,667 | $0 | $0 |
| 2022 | $4,314 | $376,300 | $264,800 | $111,500 |
| 2021 | $4,165 | $371,400 | $0 | $0 |
| 2020 | $4,163 | $366,500 | $0 | $0 |
| 2019 | $4,107 | $361,600 | $244,000 | $117,600 |
| 2018 | $3,749 | $339,233 | $0 | $0 |
| 2017 | $2,922 | $316,867 | $0 | $0 |
| 2016 | $2,834 | $294,500 | $0 | $0 |
| 2015 | $3,713 | $294,500 | $0 | $0 |
| 2014 | $3,713 | $294,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Debra Crouch
Seller's Agent in 2020
Debra Crouch
Benson & Mangold, LLC
(410) 924-0771
64 Total Sales
-
Cornelia Heckenbach
Buyer's Agent in 2020
Cornelia Heckenbach
Long & Foster
(410) 310-1229
141 Total Sales
Map
Source: Bright MLS
MLS Number: MDTA138408
APN: 02-065150
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