NOT LISTED FOR SALE

27848 Le Gates Cove Rd Easton, MD 21601

Estimated Value: $3,124,000 - $6,003,251

5 Beds
6.5 Baths
9,159 Sq Ft
$498/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $5,800,000 $633 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $29,235/month

Highlights

  • 3,000 Feet of Waterfront
  • Access to Tidal Water
  • 37.02 Acre Lot
  • White Marsh Elementary School Rated 9+
  • In Ground Pool
  • Recreation Room

About This Home

As of May 2021

Talbot County's Finest Estate! Main House consists of 5 bedrooms, 6 full baths and 1 half bath with 10 fireplaces (9 wood burning, 1 gas) sited on a 37-acre point of land with panoramic water views. Sunsets, tree-lined driveway, dock, heated pool, tennis court, and tidal pond. Guest House consists of 3 bedrooms, 2 full baths and 1 fireplace. Detached 3-bay garage with 1 bedroom, 1 full bath with a gas fireplace apartment above. A spacious brick barn with partially-finished second level. 3000 ft Waterfrontage on the Tred Avon River. Enjoy peaceful country living just minutes from downtown Easton, Talbot Country Club, YMCA, Avalon Theatre, a jet airport, healthcare, and countless restaurants, shops, and department stores.

Last Agent to Sell the Property

Clifford Meredith

(410) 924-0082 mre@goeaston.net Meredith Fine Properties License #61815 Listed on: 08/21/2020

Last Buyer's Agent

Trey Rider

(443) 786-0235 treyrider@gmail.com TTR Sotheby's International Realty License #661476

TTR Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,755

Year Built

  • Built in 1968

Lot Details

  • 37.02 Acre Lot
  • 3,000 Feet of Waterfront
  • Home fronts navigable water

Parking

  • 11 Car Detached Garage
  • Parking Storage or Cabinetry
  • Circular Driveway
  • Gravel Driveway

Home Design

  • Dutch Architecture
  • Brick Exterior Construction
  • HardiePlank Type

Interior Spaces

  • 9,159 Sq Ft Home
  • Property has 2 Levels
  • 5 Fireplaces
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Library
  • Recreation Room
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Outdoor Features

  • In Ground Pool
  • Access to Tidal Water
  • Water Access
  • River Nearby

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Powered By Owned Propane
  • Well
  • Propane Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Easton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2101041525

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,755

Year Built

Built in 1968

Lot Details

0

Parking

11

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Dutch
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1968
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 5
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Library, Foyer, Laundry, Office, Recreation Room, Primary Bathroom
  • Basement: No
  • Total Sq Ft: 9159
  • Living Area Sq Ft: 9159
  • Price Per Sq Ft: 763.73
  • Above Grade Finished Sq Ft: 9159
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Hardiplank Type
  • Pool Features: In Ground
  • Water Access: Yes
  • Water Body Name: Tred Avon River
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: Yes
  • Water View: No
  • Water Frontage In Feet: 3000

Garage/Parking

  • Garage Spaces: 11.00
  • Garage: Yes
  • Parking Features: Circular Driveway, Crushed Stone, Private
  • Garage Features: Additional Storage Area
  • Number Of Detached Garage Spaces: 11
  • Total Garage And Parking Spaces: 11
  • Type Of Parking: Detached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Owned
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 1724900.00
  • Land Assessed Value: 3314500.00
  • Lot Size Acres: 37.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1612591.00
  • Zoning: A
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5285313
  • Tax Annual Amount: 37755.00
  • Assessor Parcel Number: 2101041525
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2020
Closed on
May 21, 2021
Sold by
Kenzie Bette S and The Bette S Kenzie Revocable T
Bought by
Le Phong and Le Carrie
Seller's Agent
Clifford Meredith
Meredith Fine Properties
Buyer's Agent
Trey Rider
TTR Sotheby's International Realty
List Price
$6,995,000
Sold Price
$5,800,000
Premium/Discount to List
-$1,195,000
-17.08%
Current Estimated Value
$4,563,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,236,374
Avg. Annual Appreciation
-5.26%
Original Mortgage
$5,800,000
Outstanding Balance
$5,125,893
Interest Rate
1.62%
Mortgage Type
New Conventional
Estimated Equity
-$562,267

Purchase Details

Listed on
Aug 21, 2020
Closed on
May 11, 2021
Sold by
Kenzie Bette S and Bette S Kenzie Qualified Perso
Bought by
Steinitz Michele K and Kenzie Daniel C
Seller's Agent
Clifford Meredith
Meredith Fine Properties
Buyer's Agent
Trey Rider
TTR Sotheby's International Realty
List Price
$6,995,000
Sold Price
$5,800,000
Premium/Discount to List
-$1,195,000
-17.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,800,000
Outstanding Balance
$5,125,893
Interest Rate
1.62%
Mortgage Type
New Conventional
Estimated Equity
-$562,267

Purchase Details

Closed on
May 24, 2005
Sold by
Kenzie Allan G and Kenzie Bette S.,
Bought by
Kenzie Allan G. And and Bette S Trustees T/C

Purchase Details

Closed on
Mar 15, 1993
Sold by
Vanfossan Robert L
Bought by
Kenzie Allan G and Kenzie Bette S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
7.47%
Source: Public Records

Range of Values:

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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
Le Phong $5,800,000 First American Title Ins Co
Steinitz Michele K -- None Available
Kenzie Allan G. And -- --
Kenzie Allan G -- --
Kenzie Allan G $2,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Phong $5,800,000
Previous Owner Kenzie Allan G $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2021 05/20/21 Sold $5,800,000 -17.1% $633 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
08/21/2020 08/21/20 For Sale $6,995,000 -- $764 / 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 $64,181 $7,413,367 $0 $0
2024 $64,181 $7,163,600 $3,974,500 $3,189,100
2023 $36,281 $4,271,500 $0 $0
2022 $32,013 $4,051,500 $0 $0
2021 $40,997 $5,039,400 $3,314,500 $1,724,900
2020 $20,092 $5,039,400 $3,314,500 $1,724,900
2019 $19,949 $5,039,400 $3,314,500 $1,724,900
2018 $19,536 $5,289,200 $3,644,500 $1,644,700
2017 $18,346 $5,289,200 $0 $0
2016 $18,573 $5,289,200 $0 $0
2015 $17,099 $5,822,300 $0 $0
2014 $17,099 $5,822,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Clifford Meredith

    Seller's Agent in 2021

    Clifford Meredith

    Meredith Fine Properties

    (410) 924-0082

    39 in this area

    73 Total Sales

    Clifford Meredith
    Section Image

  • T

    Buyer's Agent in 2021

    Trey Rider

    TTR Sotheby's International Realty

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDTA139000

Bright MLS

APN: 01-041525

Maryland Talbot County Easton 21601

27848 Le Gates Cove Rd, Easton, MD

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