NOT LISTED FOR SALE

224 Rhett Ln Elkton, MD 21921

Estimated Value: $414,912 - $461,000

4 Beds
2.5 Baths
2,280 Sq Ft
$195/Sq Ft Est. Value

Last Sold December 04, 2020

Last sale price $294,900 $129 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,588/month

3 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • No HOA
  • Wood Flooring
  • Workshop
  • 1 Car Attached Garage

About This Home

As of December 2020

Welcome to 224 Rhett Lane in Elkton MD. If you are looking for peace and tranquility you have found it! This 4 bedroom 2.5 bath home has been well maintained and is ready for it's new owners. Situated on over a half acre corner lot you will find plenty of room for all your needs. This home features a wood burning fireplace, hardwood flooring throughout most of the main level, as well as an updated kitchen with granite countertops. Upstairs you will find 4 nicely sized bedrooms and 2 full bathrooms. Just off the rear of the home you will find a deck perfect for enjoying the outdoors. The walkout basement features a shop area as well as garage access. This home is conveniently located just minutes from Newark DE with many shops and restaurants. The neighborhood features private fishing at Lake George and has access just off the neighborhood to the Fair Hill trails. Put this one on your tour today, it will not disappoint.

Last Agent to Sell the Property

Jason Duncan

(302) 242-7906 jason@thejasonduncanteam.com Foraker Realty Co. License #676568 Listed on: 10/15/2020

Last Buyer's Agent

Elan Martin

(443) 553-3706 elanmartinrealtor@gmail.com EXIT Preferred Realty License #602542

EXIT Preferred Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,786

Year Built

  • Built in 1975

Lot Details

  • 0.56 Acre Lot
  • Property is in very good condition
  • Property is zoned LDR

Parking

  • 1 Car Attached Garage
  • Side Facing Garage

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Brick Front

Interior Spaces

  • 2,280 Sq Ft Home
  • Property has 2 Levels
  • 1 Fireplace

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Walk-Out Basement
  • Garage Access
  • Workshop

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Well
  • Propane Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • Tara Subdivision

Listing and Financial Details

  • Tax Lot 71
  • Assessor Parcel Number 0804012879

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,786

Year Built

Built in 1975

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: All appliances
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2020-10-16
  • Federal Flood Zone: No
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring Type: Hardwood, Partially Carpeted
  • Fireplaces Count: 1
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Garage Access, Walkout Level, Workshop
  • Total Sq Ft: 2280
  • Living Area Sq Ft: 2280
  • Price Per Sq Ft: 129.34
  • Above Grade Finished Sq Ft: 2280
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Front
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.56
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 24350.00
  • Property Condition: Very Good
  • Zoning: LDR
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2786.00
  • Assessor Parcel Number: 0804012879
  • Tax Lot: 71
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: CECIL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Dec 4, 2020
Sold by
Pittsley Jennifer J
Bought by
Owens Jessica R and Buck Jennifer N
Seller's Agent
Jason Duncan
Foraker Realty Co.
Buyer's Agent
Elan Martin
EXIT Preferred Realty
List Price
$294,900
Sold Price
$294,900
Current Estimated Value
$444,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,328
Avg. Annual Appreciation
8.52%
Original Mortgage
$250,655
Outstanding Balance
$223,556
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$220,672

Purchase Details

Listed on
Jun 23, 2016
Closed on
Aug 15, 2016
Sold by
Trotta Michael J and Trotta Erica Lee
Bought by
Pittsley Jennifer J
Seller's Agent
Amber Durand
Patterson-Schwartz Real Estate
Buyer's Agent
Amber Durand
Patterson-Schwartz Real Estate
List Price
$229,000
Sold Price
$229,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$222,130
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2012
Closed on
May 8, 2012
Sold by
Geng Sharon Z
Bought by
Trotta Michael J and Trotta Erica Lee
Seller's Agent
Eric Jones
RE/MAX Associates - Newark
Buyer's Agent
John Ford
Integrity Real Estate
List Price
$240,000
Sold Price
$226,000
Premium/Discount to List
-$14,000
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.31%
Original Mortgage
$204,050
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2002
Sold by
Cole Larry L and Cole Mary L
Bought by
Geng Sharon Z

Purchase Details

Closed on
Jun 10, 1993
Sold by
Coffey Charles T and Coffey Roberta A
Bought by
Cole Larry L and Cole Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
7.47%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Owens Jessica R $294,900 Ardent Title Company Llc
Pittsley Jennifer J $229,000 Kirsh Title Services Inc
Trotta Michael J $226,800 Ardent Title Company Llc
Geng Sharon Z $170,000 --
Cole Larry L $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Owens Jessica R $250,655
Previous Owner Pittsley Jennifer J $222,130
Previous Owner Trotta Michael J $204,050
Previous Owner Cole Larry L $128,250
Closed Geng Sharon Z --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/04/2020 12/04/20 Sold $294,900 0.0% $129 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $294,900 +28.8% $129 / Sq Ft
08/15/2016 08/15/16 Sold $229,000 0.0% $100 / Sq Ft View Prior Sale
07/01/2016 07/01/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $229,000 +1.3% $100 / Sq Ft
05/08/2012 05/08/12 Sold $226,000 -5.8% $99 / Sq Ft View Prior Sale
03/13/2012 03/13/12 Pending -- -- --
01/26/2012 01/26/12 For Sale $240,000 -- $105 / 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 $3,028 $273,900 $76,600 $197,300
2024 $2,669 $270,367 $0 $0
2023 $2,277 $266,833 $0 $0
2022 $2,960 $263,300 $76,600 $186,700
2021 $2,901 $249,833 $0 $0
2020 $2,709 $236,367 $0 $0
2019 $2,571 $222,900 $76,600 $146,300
2018 $2,514 $215,333 $0 $0
2017 $2,239 $207,767 $0 $0
2016 $2,238 $200,200 $0 $0
2015 $2,238 $200,200 $0 $0
2014 $2,133 $200,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDCC171558

Bright MLS

APN: 04-012879