NOT LISTED FOR SALE

Estimated Value: $755,000 - $945,000

5 Beds
3.5 Baths
3,384 Sq Ft
$248/Sq Ft Est. Value

Last Sold January 21, 2021

Last sale price $589,000 $174 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,107/month

116 Days on Market

Highlights

  • Private Dock Site
  • Guest House
  • Access to Tidal Water
  • Water Views
  • Home fronts navigable water
  • Fishing Allowed

About This Home

As of January 2021

Located on Tilghman Island's Knapps Narrows this unique property consists of a 3-bedroom, 2.5 bath spacious 2-story home & an attached 2-bedroom, 1-bath cottage. The main house offers over 2,500 sqft of open living space with a 1st floor Master Suite. The kitchen overlooks the spacious 1st floor living room & dining space. The second floor includes a waterside great room, 2-additional bedrooms, a full bath and an office space currently used as a walk-in closet. The cottage is used as a vacation rental offering the opportunity to live in one home and rent the other. The property is also improved with a 30'x60' garage including heat & electric and a deep water commercial style dock. The waterside hot tub is the perfect place to relax. The possibilities are endless with this home offering potential to make it a commercial space.

Last Listed By

Kim Crouch Ozman

Benson & Mangold, LLC License #586315 Listed on: 07/05/2020

Benson & Mangold, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,162

Year Built

  • Built in 1978

Lot Details

  • 0.71 Acre Lot
  • Home fronts navigable water

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Parking Storage or Cabinetry
  • Driveway

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 3,384 Sq Ft Home
  • Property has 2 Levels
  • Crown Molding
  • Ceiling Fan
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Water Views

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • River Nearby
  • Waterski or Wakeboard
  • Bulkhead
  • Private Dock Site
  • Outbuilding

Utilities

  • Air Source Heat Pump
  • Hot Water Baseboard Heater
  • Well
  • Electric Water Heater

Additional Features

  • Guest House
  • Flood Risk

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 2105184436

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,162

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1978
  • Automatically Close On Close Date: No
  • Remarks Public: Located on Tilghman Island's Knapps Narrows this unique property consists of a 3-bedroom, 2.5 bath spacious 2-story home & an attached 2-bedroom, 1-bath cottage. The main house offers over 2,500 sqft of open living space with a 1st floor Master Suite. The kitchen overlooks the spacious 1st floor living room & dining space. The second floor includes a waterside great room, 2-additional bedrooms, a full bath and an office space currently used as a walk-in closet. The cottage is used as a vacation rental offering the opportunity to live in one home and rent the other. The property is also improved with a 30'x60' garage including heat & electric and a deep water commercial style dock. The waterside hot tub is the perfect place to relax. The possibilities are endless with this home offering potential to make it a commercial space.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Crown Moldings, Entry Level Bedroom, Family Room Off Kitchen, Tub Shower, Walk-In Closet(s)
  • Door Features: Sliding Glass
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Laundry, Bathroom 2, Primary Bathroom, Half Bath
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3384
  • Living Area Sq Ft: 3384
  • Price Per Sq Ft: 182.92
  • Above Grade Finished Sq Ft: 3384
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21606

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s), Guest House
  • Construction Materials: Vinyl Siding
  • Exterior Features: Outbuilding(s)
  • View: Water
  • Water Access Features: Canoe/Kayak, Fishing Allowed, Private Access, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: Knapps Narrows
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Oversized, Additional Storage Area
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

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

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 222600.00
  • Land Assessed Value: 331500.00
  • Land Use Code: 110
  • Lot Features: Bulkheaded
  • Lot Size Acres: 0.71
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 31042.00
  • Year Assessed: 2020
  • Zoning: R
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5301507
  • Tax Annual Amount: 4162.00
  • Assessor Parcel Number: 2105184436
  • Tax Lot: 31
  • Tax Total Finished Sq Ft: 3384
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 01/21/2021

Multi Family

  • Federal Flood Zone: AE
  • Mean Low Water Feet: 8
  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2020
Closed on
Jan 20, 2021
Sold by
Cox Kelley Phillips and Kelley Phillips Cox
Bought by
Tilghman Adventures Llc
Seller's Agent
Kim Crouch Ozman
Benson & Mangold, LLC
Buyer's Agent
Greta Corkran
Benson & Mangold, LLC
List Price
$649,000
Sold Price
$589,000
Premium/Discount to List
-$60,000
-9.24%
Total Days on Market
116
Current Estimated Value
$840,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,204
Avg. Annual Appreciation
9.30%
Original Mortgage
$400,000
Outstanding Balance
$362,878
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$498,958

Purchase Details

Closed on
Jan 6, 2011
Sold by
Cox Kelley Phillips and Bergeron Lynne Phillips
Bought by
Cox Kelley Phillips

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
Tilghman Adventures Llc $589,000 Venture Title Company Llc
Cox Kelley Phillips -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tilghman Adventures Llc $400,000
Previous Owner Cox Kelley Phillips $395,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2021 01/21/21 Sold $589,000 -4.8% $174 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
10/20/2020 10/20/20 Price Changed $619,000 -1.6% $183 / Sq Ft
09/15/2020 09/15/20 Price Changed $629,000 -3.1% $186 / Sq Ft
07/05/2020 07/05/20 For Sale $649,000 -- $192 / 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
2024 $5,121 $572,167 $0 $0
2023 $4,794 $565,333 $0 $0
2022 $4,396 $558,500 $331,400 $227,100
2021 $4,244 $557,033 $0 $0
2020 $2,487 $555,567 $0 $0
2019 $2,467 $554,100 $331,500 $222,600
2018 $2,266 $542,467 $0 $0
2017 $2,183 $530,833 $0 $0
2016 $2,135 $519,200 $0 $0
2015 $2,004 $519,200 $0 $0
2014 $2,004 $519,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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