$157,500
SOLD OCT 21, 2019

21560 Spinnaker Way Tilghman, MD 21671

3.49 Acres
$45,129 Price per Acre
152,024 Sq Ft Lot

Recently Sold

142% Above List Price

Highlights

  • Home fronts navigable water
  • Water Access
  • 3.49 Acre Lot

About This Lot

As of January 2021

List price is opening bid only. TIMED ONLINE AUCTION: Begins Sunday, September 22nd @ 1:00pm and ends on Friday, September 27th @ 1:00pm. $10,000 Deposit. Exceptional opportunity to purchase a 3.49 +/- acre waterfront "estate lot" located along Harris Creek with picturesque panoramic views of Harris Creek and the Choptank River located in the "Tilghman on the Chesapeake" subdivision on Tilghman Island. Access to the prime waterfront parcel is provided by a private gravel road named "Spinnaker Way" which is located off of "Black Walnut Point Road."The wooded lot is mostly level and spans both the northern and southern sides of Spinnaker Way. Please note: Development for this lot is limited to a dwelling no larger than a 3-bedroom single-family home. All non-developer property owners which own property included in the Tilghman-On-Chesapeake Community Association II, Inc. Homeowners Association are currently responsible for paying annual clubhouse dues of $800, payable in quarterly installments.Tilghman-On-Chesapeake Community Association II, Inc. Homeowners Association fees will be established in the future by the newly elected Tilghman-On-Chesapeake Community Association II, Inc.'s Homeowners Association Board of Directors. ** This auction is part of a multi-property offering **

Last Agent to Sell the Property

Nick Luciani

(443) 841-2221 nick@alexcooper.com Alex Cooper Auctioneers, Inc. Listed on: 09/09/2019

Last Buyer's Agent

Nick Luciani

(443) 841-2221 nick@alexcooper.com Alex Cooper Auctioneers, Inc. Listed on: 09/09/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,501

Lot Details

  • 3.49 Acre Lot
  • Home fronts navigable water

Utilities

  • Well
  • No Septic System
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 05-195624

Community Details

Overview

  • $800 Recreation Fee

Recreation

  • Water Access
  • River Nearby

Property Details

Property Type

Land

Est. Annual Taxes

$3,501

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential, Land/Lot Only
  • New Construction: No
  • Remarks Public: List price is opening bid only. TIMED ONLINE AUCTION: Begins Sunday, September 22nd @ 1:00pm and ends on Friday, September 27th @ 1:00pm. $10,000 Deposit. Exceptional opportunity to purchase a 3.49 +/- acre waterfront "estate lot" located along Harris Creek with picturesque panoramic views of Harris Creek and the Choptank River located in the "Tilghman on the Chesapeake" subdivision on Tilghman Island. Access to the prime waterfront parcel is provided by a private gravel road named "Spinnaker Way" which is located off of "Black Walnut Point Road."The wooded lot is mostly level and spans both the northern and southern sides of Spinnaker Way. Please note: Development for this lot is limited to a dwelling no larger than a 3-bedroom single-family home. All non-developer property owners which own property included in the Tilghman-On-Chesapeake Community Association II, Inc. Homeowners Association are currently responsible for paying annual clubhouse dues of $800, payable in quarterly installments.Tilghman-On-Chesapeake Community Association II, Inc. Homeowners Association fees will be established in the future by the newly elected Tilghman-On-Chesapeake Community Association II, Inc.'s Homeowners Association Board of Directors. ** This auction is part of a multi-property offering **
  • Special Features: Auction

Interior Features

  • Price Per Sq Ft: 0.43
  • Street Number Modifier: 21576

Exterior Features

  • Construction Completed: No
  • Water Access: Yes
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic System, No Sewer System
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: 800.00
  • Association Recreation Fee: Yes

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Use Code: 110
  • Lot Size Acres: 3.49
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 152024.00
  • Possible Use: Residential
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5302397
  • Tax Annual Amount: 3501.00
  • Assessor Parcel Number: 05-195624
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2019
  • Close Date: 10/21/2019

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2020
Closed on
Jan 29, 2021
Sold by
Teesdale Walter M and Teesdale Amy E
Bought by
Miller Mark J and Miller Tracey L
Seller's Agent
Laura Carney
TTR Sotheby's International Realty
Buyer's Agent
Connie Loveland
Benson & Mangold, LLC
List Price
$1,890,000
Sold Price
$1,740,000
Premium/Discount to List
-$150,000
-7.94%
Current Estimated Value
$412,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,328,000
Avg. Annual Appreciation
-26.64%
Original Mortgage
$1,392,000
Outstanding Balance
$1,247,194
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$835,194

Purchase Details

Listed on
Sep 9, 2019
Closed on
Oct 25, 2019
Sold by
Avalonl Limited Partnership
Bought by
Teesdale Walter M and Teesdale Amy E
Seller's Agent
Nick Luciani
Alex Cooper Auctioneers, Inc.
Buyer's Agent
Nick Luciani
Alex Cooper Auctioneers, Inc.
List Price
$65,000
Sold Price
$157,500
Premium/Discount to List
$92,500
142.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
553.21%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,740,000 Venture Title Company Llc
Deed $220,500 Venture Title Company Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,392,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $1,740,000 -7.9% $489 / Sq Ft
11/28/2020 11/28/20 Pending -- -- --
11/23/2020 11/23/20 For Sale $1,890,000 +1100.0% $532 / Sq Ft
10/21/2019 10/21/19 Sold $157,500 +142.3% --
09/27/2019 09/27/19 Pending -- -- --
09/09/2019 09/09/19 For Sale $65,000 -- --
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 $2,641 $324,200 $324,200 $0
2024 $2,641 $295,033 $0 $0
2023 $2,274 $265,867 $0 $0
2022 $1,863 $236,700 $236,700 $0
2021 $1,803 $236,700 $236,700 $0
2020 $1,758 $236,700 $236,700 $0
2019 $3,771 $507,700 $507,700 $0
2018 $3,615 $507,700 $507,700 $0
2017 $4,055 $507,700 $0 $0
2016 $3,954 $615,200 $0 $0
2015 $3,596 $615,200 $0 $0
2014 $3,596 $615,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDTA136358

Bright MLS

APN: 05-195705