NOT LISTED FOR SALE

221 Philosophers Terrace Chestertown, MD 21620

Estimated Value: $220,000 - $257,000

2 Beds
1 Bath
720 Sq Ft
$341/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $179,000 $249 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,535/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Central Air
  • Heat Pump System
  • No HOA
  • Wood Burning Fireplace

About This Home

As of May 2021

Tiny houses are all the rage and this cute little cottage has lots to offer! There are numerous updates which include: new roof in 2015, new heat pump and water heater in 2016, new electric panel. The windows were replaced in 2000. Great location within walking distance of the shops and restaurants of Chestertown. Home is tenant occupied until early May. Showings will be limited to March 17 starting at 3 until March 20 at noon. Don't miss your chance to get a great home at a great price!!

Last Agent to Sell the Property

Mary Carlisle

Coldwell Banker Chesapeake Real Estate Company License #597467 Listed on: 03/17/2021

Coldwell Banker Chesapeake Real Estate Company

Last Buyer's Agent

Glenn Hedgecoth

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,551

Year Built

  • Built in 1939

Lot Details

  • 7,650 Sq Ft Lot
  • Property is zoned R-3

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 720 Sq Ft Home
  • Property has 1 Level
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Chestertown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1504010353

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,551

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-03-17
  • Year Built: 1939
  • Automatically Close On Close Date: No
  • Remarks Public: Tiny houses are all the rage and this cute little cottage has lots to offer! There are numerous updates which include: new roof in 2015, new heat pump and water heater in 2016, new electric panel. The windows were replaced in 2000. Great location within walking distance of the shops and restaurants of Chestertown. Home is tenant occupied until early May. Showings will be limited to March 17 starting at 3 until March 20 at noon. Don't miss your chance to get a great home at a great price!!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 720
  • Living Area Sq Ft: 720
  • Price Per Sq Ft: 248.61
  • Above Grade Finished Sq Ft: 720
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 221

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District: KENT COUNTY PUBLIC SCHOOLS
  • School District Key: 121139164602
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 37200.00
  • Land Assessed Value: 125900.00
  • Land Use Code: 110
  • Lot Size Acres: 0.18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7650.00
  • Year Assessed: 2021
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4504920
  • Tax Annual Amount: 2551.00
  • Assessor Parcel Number: 1504010353
  • Tax Total Finished Sq Ft: 720
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 05/21/2021

MLS Schools

  • School District Name: KENT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
May 21, 2021
Sold by
Obrien Judi R and Rines Marianne E
Bought by
Rines Marianne E and Rines Bruce Vincent
Seller's Agent
Mary Carlisle
Coldwell Banker Chesapeake Real Estate Company
Buyer's Agent
Glenn Hedgecoth
Compass
List Price
$179,000
Sold Price
$179,000
Current Estimated Value
$239,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,186
Avg. Annual Appreciation
7.75%
Original Mortgage
$143,200
Outstanding Balance
$131,053
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$114,618

Purchase Details

Closed on
Aug 31, 2017
Sold by
Long Matthew B
Bought by
Obrien Judi R and Rines Marianne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2015
Sold by
Long Teresa
Bought by
Long Matthew B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2014
Closed on
Jun 24, 2015
Sold by
Defabritus Anthony J and Defabritus Heidi L
Bought by
Long Teresa
Seller's Agent
Retha Arrabal
Doug Ashley Realtors, LLC
Buyer's Agent
Sue Bisbee
Village Real Estate Company LLC
List Price
$109,000
Sold Price
$110,000
Premium/Discount to List
$1,000
0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%

Purchase Details

Closed on
Jun 16, 2005
Sold by
Hadaway Roberta E
Bought by
Defabritus Anthony J
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rines Marianne E $179,000 Universal Title
Obrien Judi R $126,250 None Available
Long Matthew B $110,000 Real Estate Title & Escrow L
Long Teresa $110,000 Real Estate Title & Escrow L
Defabritus Anthony J $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rines Marianne E $143,200
Previous Owner Obrien Judi R $101,000
Previous Owner Long Matthew B $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $179,000 0.0% $249 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $179,000 +62.7% $249 / Sq Ft
06/24/2015 06/24/15 Sold $110,000 0.0% $153 / Sq Ft
05/28/2015 05/28/15 Pending -- -- --
05/20/2015 05/20/15 Price Changed $110,000 +0.9% $153 / Sq Ft
05/19/2015 05/19/15 For Sale $109,000 0.0% $151 / Sq Ft
03/26/2015 03/26/15 Pending -- -- --
02/11/2015 02/11/15 Price Changed $109,000 0.0% $151 / Sq Ft
02/11/2015 02/11/15 For Sale $109,000 +21.1% $151 / Sq Ft
01/20/2015 01/20/15 Pending -- -- --
01/16/2015 01/16/15 Price Changed $90,000 0.0% $125 / Sq Ft
01/16/2015 01/16/15 For Sale $90,000 -17.4% $125 / Sq Ft
12/22/2014 12/22/14 Pending -- -- --
10/15/2014 10/15/14 Price Changed $109,000 -8.4% $151 / Sq Ft
08/12/2014 08/12/14 For Sale $119,000 -- $165 / 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 $2,697 $172,100 $125,900 $46,200
2024 $2,650 $169,100 $0 $0
2023 $2,603 $166,100 $0 $0
2022 $2,540 $163,100 $125,900 $37,200
2021 $5,095 $162,967 $0 $0
2020 $2,552 $162,833 $0 $0
2019 $5,089 $162,700 $125,900 $36,800
2018 $2,528 $162,700 $125,900 $36,800
2017 $2,462 $162,700 $0 $0
2016 -- $163,700 $0 $0
2015 $2,471 $163,700 $0 $0
2014 $2,471 $163,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDKE117700

Bright MLS

APN: 04-010353