NOT LISTED FOR SALE

Estimated Value: $926,000 - $1,084,000

2 Beds
2 Baths
903 Sq Ft
$1,079/Sq Ft Est. Value

Sale Details

Date Sold: May 26, 2022

Last sale price $850,000 $941 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,789 / mo

Highlights

  • 295 Feet of Waterfront
  • Pier
  • Open Floorplan
  • 1 Dock Slip
  • Fishing Allowed
  • Wood Burning Stove

About This Home

As of May 2022

Perfectly sited on a ½ acre waterfront lot in the popular Fairbank village of historic Tilghman Island, this picturesque cottage will delight with expansive broadwater views from every room. The tranquil and cozy living room, with a woodburning fireplace, crown molding and hardwood floors, offers waterviews from 3 sides and opens to a sitting area, separated by handsome architectural columns. Prepare special meals for your guests in a sweet country kitchen overlooking the water. A spacious dining room is ready for holiday gatherings and celebrations. A full bathroom and laundry room round out the main level. The upper level offers 2 bedrooms, both with waterviews, hardwood floors throughout and a full hall bathroom with a double sink vanity and a tub/shower vacation. Enjoy outdoor activities with two spacious porches, a waterside patio, and the private dock with 2+/- MLW, riprap and 295’ of shoreline. The convenient 2-car attached garage allows easy access to the laundry room and an interior staircase leading to a 2nd floor bonus room with vaulted ceilings, offering a potential for a third bedroom suite. The area amenities are excellent with waterfront dining, nature, and marinas. Just a short drive to St. Michaels!

Last Agent to Sell the Property

datacorrect BrightMLS

(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office License #0225194075 Listed on: 05/26/2022

Last Buyer's Agent

Trey Rider

(410) 673-3344 treyrider@gmail.com TTR Sotheby's International Realty License #661476

TTR Sotheby's International Realty
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,841

Year Built

  • Built in 1930

Lot Details

  • 21,757 Sq Ft Lot
  • 295 Feet of Waterfront
  • Home fronts navigable water
  • Creek or Stream

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Cottage
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 903 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Sitting Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Water Views
  • Crawl Space

Kitchen

  • Country Kitchen
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Pier
  • Canoe or Kayak Water Access
  • Private Water Access
  • Personal Watercraft
  • Rip-Rap
  • Swimming Allowed
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Stream or River on Lot
  • 1 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted

Location

  • Property is near creek

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot .875
  • Assessor Parcel Number 2105179513

Community Details

Overview

  • No Home Owners Association
  • Fairbank Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,841

Year Built

Built in 1930

Lot Details

0.5 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Ownership: Fee Simple
  • Exclusions: Per Inclusions/Exclusions Addendum
  • Inclusions: Per Inclusions/Exclusions Addendum
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dryer, Oven/Range - Gas, Refrigerator, Washer
  • Interior Amenities: Kitchen - Country, Stove - Wood, Wood Floors, Floor Plan - Open
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Sitting Room, Bedroom 2, Kitchen, Bedroom 1, Laundry, Bathroom 1, Bathroom 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 903
  • Living Area Sq Ft: 903
  • Price Per Sq Ft: 941.31
  • Above Grade Finished Sq Ft: 903
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • 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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding
  • Roof: Asphalt
  • View: Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Private Access, Swimming Allowed, Personal Watercraft (PWC)
  • Water Access: Yes
  • Water Body Name: BLACK WALNUT COVE
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 295

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 83300.00
  • Land Assessed Value: 416900.00
  • Lot Features: Rip-Rapped, Stream/Creek
  • Lot Size Acres: 0.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21757.00
  • Zoning: R
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5301096
  • Tax Annual Amount: 3841.00
  • Assessor Parcel Number: 2105179513
  • Tax Lot: .875
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Waterfront Features: Private Dock Site, Rip-Rap

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
May 26, 2022
Sold by
Panebianco Valerie
Bought by
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Trey Rider
TTR Sotheby's International Realty
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$974,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,196
Avg. Annual Appreciation
3.24%
Original Mortgage
$680,000
Outstanding Balance
$636,410
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$337,786

Purchase Details

Closed on
Jun 8, 2006
Sold by
Fields Gregory F
Bought by
Panebianco Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2003
Sold by
Schmidt William Clay
Bought by
Fields Gregory F and Fields Anne T

Purchase Details

Closed on
Jul 23, 1999
Sold by
Harrison Minnie W
Bought by
Schmidt William Clay and Schmidt Jenifer Newton
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$850,000 None Listed On Document
Panebianco Valerie $645,000 --
Fields Gregory F $450,000 --
Schmidt William Clay $218,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $680,000
Previous Owner Panebianco Valerie $100,000
Previous Owner Panebianco Valerie E $242,000
Previous Owner Panebianco Valerie $240,846
Previous Owner Panebianco Valerie $242,619
Previous Owner Panebianco Valerie $100,000
Previous Owner Panebianco Valerie $415,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/26/2022 05/26/22 Sold $850,000 0.0% $941 / Sq Ft
05/26/2022 05/26/22 For Sale $850,000 -- $941 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,972 $561,933 $0 $0
2025 $4,972 $541,500 $416,900 $124,600
2024 $4,784 $527,733 $0 $0
2023 $4,418 $513,967 $0 $0
2022 $3,997 $500,200 $416,900 $83,300
2021 $3,868 $499,800 $0 $0
2020 $3,802 $499,400 $0 $0
2019 $3,767 $499,000 $416,900 $82,100
2018 $3,613 $499,000 $416,900 $82,100
2017 $3,866 $499,000 $0 $0
2016 $2,699 $577,400 $0 $0
2015 $2,372 $577,400 $0 $0
2014 $2,372 $577,400 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: MDTA2002526

Bright MLS

APN: 05-179513

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