NOT LISTED FOR SALE

3001 Ocean Gateway Trappe, MD 21673

Estimated Value: $234,000 - $292,000

3 Beds
2 Baths
2,079 Sq Ft
$129/Sq Ft Est. Value

Last Sold February 27, 2024

Last sale price $190,000 $91 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,635/month

170 Days on Market

Highlights

  • Rambler Architecture
  • No HOA
  • Electric Baseboard Heater
  • Wood Flooring
  • 2 Attached Carport Spaces

About This Home

As of February 2024

Welcome to 3001 Ocean Gateway, centrally located on the Eastern Shore in Trappe, MD. This home has been sensibly priced as it is in need of some renovation, however a quick assessment will show that this home has so much to offer! This 2000 sq ft. home features 3 bedrooms and 2 full bathrooms, formal dining, living room and den. The home also features a study that can be converted to a 4th bedroom! This home is situated on a lot just shy of 3/4 of an acre, surrounded by trees for those seeking privacy and solitude. This home is in a prime location, just an 1.5 hours from Baltimore and Washington D.C, ideal for remote workers who occasionally report to the office. You are also just an hour away from Ocean City, MD or an hour and half from Delaware Beaches. Come see what all this home has to offer. Whether you're an investor or seeking to make this a primary residence, you will not be disappointed!

Last Agent to Sell the Property

Jonathan Victor

Keller Williams Flagship License #5004060 Listed on: 07/10/2023

Keller Williams Flagship

Last Buyer's Agent

Christina Smith

Brenton Realty Group License #5011804

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,490

Year Built

  • Built in 1971

Lot Details

  • 0.71 Acre Lot
  • Property is in below average condition
  • Property is zoned A2

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,079 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Dirt Driveway
  • Off-Street Parking

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2103121089

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,490

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-07-26
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Welcome to 3001 Ocean Gateway, centrally located on the Eastern Shore in Trappe, MD. This home has been sensibly priced as it is in need of some renovation, however a quick assessment will show that this home has so much to offer! This 2000 sq ft. home features 3 bedrooms and 2 full bathrooms, formal dining, living room and den. The home also features a study that can be converted to a 4th bedroom! This home is situated on a lot just shy of 3/4 of an acre, surrounded by trees for those seeking privacy and solitude. This home is in a prime location, just an 1.5 hours from Baltimore and Washington D.C, ideal for remote workers who occasionally report to the office. You are also just an hour away from Ocean City, MD or an hour and half from Delaware Beaches. Come see what all this home has to offer. Whether you're an investor or seeking to make this a primary residence, you will not be disappointed!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 2079
  • Living Area Sq Ft: 2079
  • Price Per Sq Ft: 96.20
  • Above Grade Finished Sq Ft: 2079
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3001

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Dirt Driveway
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Carport, Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • 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: TALBOT COUNTY PUBLIC SCHOOLS
  • School District Key: 121138072466
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.71
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 30927.00
  • Property Condition: Below Average
  • Year Assessed: 2023
  • Zoning: A2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1490.00
  • Assessor Parcel Number: 2103121089
  • Tax Total Finished Sq Ft: 2079
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 02/27/2024

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Feb 12, 2024
Sold by
Powell Lena Ruth
Bought by
Mackey Michael and Mackey Jessica
Seller's Agent
Jonathan Victor
Keller Williams Flagship
Buyer's Agent
Christina Smith
Brenton Realty Group
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%
Total Days on Market
170
Views
431
Current Estimated Value
$268,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,899
Avg. Annual Appreciation
18.52%
Original Mortgage
$90,000
Outstanding Balance
$88,851
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$153,398

Purchase Details

Closed on
Jan 16, 2021
Sold by
Montgomery Miriam and Estate Of Gloristeen P Pinkett
Bought by
Montgomery Miriam and Powell Jerome L

Purchase Details

Closed on
May 18, 1992
Sold by
Pinkett Worthington C
Bought by
Pinkett Gloristeen P
Source: Public Records

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
Mackey Michael $190,000 Community Title Network
Montgomery Miriam -- None Available
Pinkett Gloristeen P $46,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mackey Michael $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2024 02/27/24 Sold $190,000 -5.0% $91 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
11/28/2023 11/28/23 Price Changed $200,000 -11.1% $96 / Sq Ft
10/28/2023 10/28/23 For Sale $225,000 0.0% $108 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $225,000 -- $108 / 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 $1,799 $194,333 $0 $0
2023 $1,537 $174,200 $41,200 $133,000
2022 $1,395 $169,567 $0 $0
2021 $1,317 $164,933 $0 $0
2020 $713 $160,300 $41,200 $119,100
2019 $707 $158,800 $0 $0
2018 $682 $157,300 $0 $0
2017 $641 $155,800 $0 $0
2016 $629 $155,800 $0 $0
2015 $571 $155,800 $0 $0
2014 $571 $171,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDTA2005788

Bright MLS

APN: 03-121089