NOT LISTED FOR SALE

208 E Chew Ave Saint Michaels, MD 21663

Estimated Value: $694,000 - $761,000

2 Beds
2 Baths
1,188 Sq Ft
$607/Sq Ft Est. Value

Last Sold July 20, 2020

Last sale price $462,500 $389 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,288/month

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 2020

This 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

Debra Crouch

(410) 924-0771 dcrouch@bensonandmangold.com Benson & Mangold, LLC License #306848 Listed on: 06/16/2020

Benson & Mangold, LLC

Last Buyer's Agent

Cornelia Heckenbach

(410) 310-1229 info@corneliaheckenbach.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,144

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Built-in microwave; stacked washer/dryer; stove; refrigerator with icemaker; window blinds; dishwasher.
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1940
  • Building Winterized: No
  • Remarks Public: This 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.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Exhaust Fan, Refrigerator, Stove, Washer/Dryer Stacked
  • Flooring Type: Hardwood
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Kitchen - Eat-In, Wood Floors
  • Window Features: Double Pane
  • Door Features: Storm
  • Foundation Details: Crawl Space
  • Levels Count: 1.5
  • Room List: Living Room, Bedroom 2, Kitchen, Bedroom 1, Utility Room, Bathroom 1, Bathroom 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1188
  • Living Area Sq Ft: 1188
  • Price Per Sq Ft: 399.83
  • Above Grade Finished Sq Ft: 1188
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 208

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Wood Siding
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Propane, Electric Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: TALBOT COUNTY PUBLIC SCHOOLS
  • School District Key: 121138072466
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 111500.00
  • Land Assessed Value: 264800.00
  • Land Use Code: 110
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7200.00
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: R
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 25000.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5291676
  • Tax Annual Amount: 4144.00
  • Assessor Parcel Number: 2102065150
  • Tax Lot: 20
  • Tax Total Finished Sq Ft: 1188
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/20/2020

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

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
$721,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,019
Avg. Annual Appreciation
8.82%
Original Mortgage
$370,000
Outstanding Balance
$329,422
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$387,851

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
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
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 $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

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 $5,544 $485,400 $264,800 $220,600
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

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Map

Source: Bright MLS

MLS Number: MDTA138408

Bright MLS

APN: 02-065150