NOT LISTED FOR SALE

21368 Fairbank Cir Tilghman, MD 21671

Estimated Value: $1,018,000 - $1,153,000

4 Beds
3 Baths
3,552 Sq Ft
$312/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $670,000 $189 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $6,357/month

Highlights

  • 2 Dock Slips
  • Pier
  • Heated Spa
  • Water Views
  • Home fronts navigable water
  • Deck

About This Home

As of June 2020

Located in the historic waterfront community of Fairbank on Tilghman Island, this updated/renovated home offers stunning water views of Black Walnut Cove and views in every direction are seen from the roof top deck, perfect for entertaining. The original home was built in 1900, with the recent addition offering updates throughout the home. With its multiple decks, porches, and patios this home is truly one-of-a kind, including the exterior circular staircase that accesses the 2nd floor porch. The combined gourmet kitchen/family room features extensive water views, granite counter tops, and custom Cabinetry with plenty of room for all. There is also a small 2nd kitchen perfect for catering an event or entertaining yourself. The property includes an over sized shed which has been divided into two parts - one offers storage for kayaks, canoes, and lawn/garden tools, etc. and the other end a private sauna. The grounds also include a small boat ramp and dock with water & electric plus a floating dock. With over 3500+ sq. feet and all its amenities, this waterfront home offers one of the best values in Talbot County.

Last Agent to Sell the Property

Monica Penwell

TTR Sotheby's International Realty Listed on: 04/10/2020

TTR Sotheby's International Realty

Last Buyer's Agent

Alicia Gannon Dulin

Benson & Mangold, LLC License #646830

Benson & Mangold, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,348

Year Built

  • Built in 1900

Lot Details

  • 0.44 Acre Lot
  • Home fronts navigable water
  • Property is in very good condition

Parking

  • Driveway

Home Design

  • Transitional Architecture
  • Aluminum Siding

Interior Spaces

  • 3,552 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • 2 Fireplaces
  • Mud Room
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • Den
  • Water Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Outdoor Features

  • Heated Spa
  • Pier
  • Access to Tidal Water
  • Water Access
  • River Nearby
  • 2 Dock Slips
  • Physical Dock Slip Conveys
  • Multiple Balconies
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Septic Tank
  • Community Sewer or Septic

Community Details

  • No Home Owners Association
  • Fairbank Subdivision

Listing and Financial Details

  • Tax Lot .44
  • Assessor Parcel Number 2105177545

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,348

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Transitional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2020-04-18
  • Federal Flood Zone: No
  • Year Built: 1900
  • Remarks Public: Located in the historic waterfront community of Fairbank on Tilghman Island, this updated/renovated home offers stunning water views of Black Walnut Cove and views in every direction are seen from the roof top deck, perfect for entertaining. The original home was built in 1900, with the recent addition offering updates throughout the home. With its multiple decks, porches, and patios this home is truly one-of-a kind, including the exterior circular staircase that accesses the 2nd floor porch. The combined gourmet kitchen/family room features extensive water views, granite counter tops, and custom Cabinetry with plenty of room for all. There is also a small 2nd kitchen perfect for catering an event or entertaining yourself. The property includes an over sized shed which has been divided into two parts - one offers storage for kayaks, canoes, and lawn/garden tools, etc. and the other end a private sauna. The grounds also include a small boat ramp and dock with water & electric plus a floating dock. With over 3500+ sq. feet and all its amenities, this waterfront home offers one of the best values in Talbot County.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, 2nd Stry Fam Rm, Mud Room, Office, Bathroom 2, Primary Bathroom, Full Bath
  • Basement: No
  • Total Sq Ft: 3552
  • Living Area Sq Ft: 3552
  • Price Per Sq Ft: 195.66
  • Above Grade Finished Sq Ft: 3552
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21368

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Exterior Features: Outbuilding(s)
  • Spa Features: Heated, Indoor
  • Spa: Yes
  • View: Water
  • Water Access: Yes
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Private

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: 265400.00
  • Land Assessed Value: 297300.00
  • Land Use Code: 110
  • Lot Size Acres: 0.44
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19166.00
  • Outdoor Living Structures: Balconies- Multiple, Deck(s), Patio(s), Roof
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5300934
  • Tax Annual Amount: 4348.00
  • Assessor Parcel Number: 2105177545
  • Tax Lot: .44
  • Tax Total Finished Sq Ft: 3552
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/30/2020

Multi Family

  • Mean Low Water Feet: 3

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2020
Closed on
Jun 30, 2020
Sold by
Canzon Renato C and Canzon Elizabeth D
Bought by
Wills Marcia L and Becher Mark W
Seller's Agent
Monica Penwell
TTR Sotheby's International Realty
Buyer's Agent
Alicia Gannon Dulin
Benson & Mangold, LLC
List Price
$695,000
Sold Price
$670,000
Premium/Discount to List
-$25,000
-3.6%
Current Estimated Value
$1,108,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,281
Avg. Annual Appreciation
9.99%
Original Mortgage
$502,500
Outstanding Balance
$447,391
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$653,076

Purchase Details

Listed on
Mar 14, 2016
Closed on
Aug 31, 2018
Sold by
James Edwin A and James Bonnie B
Bought by
Canzon Renato C and Canzon Elizabeth D
Seller's Agent
Dawn Lednum
Chesapeake Bay Real Estate Plus, LLC
Buyer's Agent
Dawn Lednum
Chesapeake Bay Real Estate Plus, LLC
List Price
$769,000
Sold Price
$600,000
Premium/Discount to List
-$169,000
-21.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$443,100
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 1990
Sold by
Zell Bernadette M
Bought by
James Edwin A and James Bonnie B

Purchase Details

Closed on
Sep 30, 1983
Sold by
Peiffer Hanson W and Peiffer Emily L
Bought by
Zell Bernadette M
Source: Public Records

Range of Values:

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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
Wills Marcia L $670,000 Venture Title Company Llc
Canzon Renato C $600,000 Eastern Shore Title Co
James Edwin A $230,000 --
Zell Bernadette M $82,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wills Marcia L $502,500
Closed Wills Marcia L $134,000
Closed Wills Marcia L $502,500
Previous Owner Canzon Renato C $443,100
Previous Owner James Edwin A $416,000
Previous Owner James Edwin A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2020 06/30/20 Sold $670,000 -3.6% $189 / Sq Ft
05/07/2020 05/07/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $695,000 +15.8% $196 / Sq Ft
08/31/2018 08/31/18 Sold $600,000 -22.0% $160 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
06/27/2018 06/27/18 Price Changed $769,000 +12.3% $205 / Sq Ft
01/25/2018 01/25/18 Price Changed $685,000 -1.4% $183 / Sq Ft
03/17/2017 03/17/17 Price Changed $695,000 -9.6% $186 / Sq Ft
03/14/2016 03/14/16 For Sale $769,000 -- $205 / 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 $5,422 $659,500 $297,300 $362,200
2024 $5,422 $627,233 $0 $0
2023 $5,105 $594,967 $0 $0
2022 $4,489 $562,700 $297,300 $265,400
2021 $8,815 $562,700 $297,300 $265,400
2020 $4,240 $562,700 $297,300 $265,400
2019 $4,371 $580,400 $324,900 $255,500
2018 $2,242 $580,400 $324,900 $255,500
2017 $2,159 $580,400 $0 $0
2016 $2,117 $627,200 $0 $0
2015 $1,906 $627,200 $0 $0
2014 $1,906 $627,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDTA137832

Bright MLS

APN: 05-177545