Seller's Agent in 2020
Jonathan Ginn
Meredith Fine Properties
(410) 310-4966
2 Total Sales
209 N Talbot St Saint Michaels, MD 21663
Estimated Value: $1,275,702
20
Beds
20
Baths
20,000
Sq Ft
$64/Sq Ft
Est. Value
Highlights
- Private Pool
- Attic
- Furnished
- Colonial Architecture
- 20 Fireplaces
- 2-minute walk to Muskrat Park
About This Home
As of January 2020Five Gables Inn & Spa - Lovely Expandable Commercial Hotel (currently 20 rooms) Nestled in St Michaels, Maryland - Talbot County - 45 minutes Bay Bridge, 1 1/2 hr Baltimore, Washington, Philadelphia - 4 hrs driving distance from largest population base in America. OPPORTUNITY to acquire a well-performing Inn in an upscale prospering market - Extremely high barriers to entry - Ownership downsizing
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,969
Year Built
- Built in 1900
Lot Details
- 0.7 Acre Lot
- Property is in very good condition
Home Design
- Colonial Architecture
- Brick Exterior Construction
Interior Spaces
- 20,000 Sq Ft Home
- Property has 2 Levels
- Furnished
- 20 Fireplaces
- Attic
Bedrooms and Bathrooms
Utilities
- Central Air
- Heat Pump System
- Geothermal Heating and Cooling
- Electric Water Heater
Additional Features
- Level Entry For Accessibility
- Private Pool
Community Details
- No Home Owners Association
- St Michaels HOA
- St Michaels Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 30
- Assessor Parcel Number 2102062852
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 28, 2010
Sold by
Wood Susan
Bought by
209 S Talbot Street
Total Days on Market
516
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,050,832
Interest Rate
4.3%
Mortgage Type
Unknown
Estimated Equity
-$768,364
Purchase Details
Closed on
Mar 25, 2004
Sold by
Wood Susan
Bought by
Wood Susan Trustee
Purchase Details
Closed on
Sep 3, 1999
Sold by
Hope Douglas S
Bought by
Wood Susan
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 209 S Talbot Street | $700,000 | -- | |
| Wood Susan Trustee | -- | -- | |
| Wood Susan | $300,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 202 Talbot Lc | $3,000,000 | |
| Closed | 209 S Talbot Street Llc | $525,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/13/2020 01/13/20 | Sold | $3,200,000 | -19.0% | $160 / Sq Ft |
| 10/31/2019 10/31/19 | Pending | -- | -- | -- |
| 06/02/2018 06/02/18 | For Sale | $3,950,000 | -- | $198 / 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 | $10,167 | $823,467 | $0 | $0 |
| 2023 | $9,666 | $806,533 | $0 | $0 |
| 2022 | $9,053 | $789,600 | $452,000 | $337,600 |
| 2021 | $17,708 | $789,600 | $452,000 | $337,600 |
| 2020 | $9,050 | $789,600 | $452,000 | $337,600 |
| 2019 | $15,946 | $799,400 | $452,000 | $347,400 |
| 2018 | $8,668 | $784,367 | $0 | $0 |
| 2017 | $7,484 | $769,333 | $0 | $0 |
| 2016 | $7,226 | $754,300 | $0 | $0 |
| 2015 | $5,996 | $750,867 | $0 | $0 |
| 2014 | $5,996 | $747,433 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Ginn
Map
Source: Bright MLS
MLS Number: 1001758812
APN: 02-062615
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