NOT LISTED FOR SALE

305 Somerset Ave Cambridge, MD 21613

Estimated Value: $244,153 - $278,000

2 Beds
1.5 Baths
1,352 Sq Ft
$193/Sq Ft Est. Value

Last Sold February 19, 2016

Last sale price $115,000 $85 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $1,586/month

Highlights

  • Wood Burning Stove
  • Attic
  • No HOA
  • Raised Ranch Architecture
  • 1 Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of February 2016

Freshly re-modeled home in quiet mature neighborhood close to YMCA, Tennis Courts, Marinas, and Downtown restaurants. Fenced in back yard with garden shed. Large family room, three season porch, wood burning fireplace. FHA, USDA potential. Perfect starter home at a great price! This one will not last long!

Last Agent to Sell the Property

Dan Shoemaker

(410) 353-4387 dan@exitotb.com EXIT On The Bay License #RMR005185 Listed on: 12/13/2015

Last Buyer's Agent

Sheila Wright

(410) 228-9333 sheilawright.realtor@gmail.com Charles C. Powell, Inc. Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,073

Year Built

  • Built in 1948 | Remodeled in 2015

Lot Details

  • 0.31 Acre Lot

Parking

  • Driveway

Home Design

  • Raised Ranch Architecture
  • Vinyl Siding

Interior Spaces

  • Property has 1 Level
  • 1 Fireplace
  • Wood Burning Stove
  • Dining Area
  • Attic

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Cambridge Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 1007136633

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,073

Year Built

Built in 1948 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Raised Ranch/Rambler
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main
  • Year Built: 1948
  • Year Renovated: 2015
  • Remarks Public: Freshly re-modeled home in quiet mature neighborhood close to YMCA, Tennis Courts, Marinas, and Downtown restaurants. Fenced in back yard with garden shed. Large family room, three season porch, wood burning fireplace. FHA, USDA potential. Perfect starter home at a great price! This one will not last long!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Attic, Dining Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Street Number Modifier: 305

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Vinyl Siding
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Oil, Wood
  • Heating Type: Forced Air
  • 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

Lot Info

  • Improvement Assessed Value: 72500.00
  • Land Assessed Value: 47300.00
  • Lot Size Acres: 0.31
  • Lot Size Area: 13475
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13475.00
  • Property Attached Yn: No
  • Year Assessed: 2015
  • Zoning: R-1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5310300
  • Tax Annual Amount: 2073.15
  • Assessor Parcel Number: 1007136633
  • Tax Lot: 13
  • Tax Total Finished Sq Ft: 1352
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015
  • Close Date: 02/19/2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2015
Closed on
Feb 19, 2016
Sold by
Simmons Alison C
Bought by
Lipes Mary Alice and Travis Michael Todd
Seller's Agent
Dan Shoemaker
EXIT On The Bay
Buyer's Agent
Sheila Wright
Charles C. Powell, Inc. Realtors
List Price
$119,000
Sold Price
$115,000
Premium/Discount to List
-$4,000
-3.36%
Current Estimated Value
$261,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,538
Avg. Annual Appreciation
8.89%
Original Mortgage
$112,917
Outstanding Balance
$89,781
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$171,757

Purchase Details

Closed on
Aug 30, 2013
Sold by
Marshall Levin M and Marshall Kevin Mark
Bought by
Simmons David Jeffrey

Purchase Details

Closed on
May 6, 2011
Sold by
Marshall Levin M and Marshall Phyllis I
Bought by
Marshall Levin M and Marshall Kevin Mark

Purchase Details

Closed on
May 5, 2011
Sold by
Marshall Levin M and Marshall Phyllis I
Bought by
Marshall Levin M and Marshall Kevin Mark

Purchase Details

Closed on
Jun 27, 1988
Sold by
Hurlock George D and Hurlock Ernestine H
Bought by
Marshall Levin M and Marshall Phyllis I

Purchase Details

Closed on
Jul 19, 1982
Sold by
Kinnamon Carolyn L
Bought by
Hurlock George D and Hurlock Ernestine H
Source: Public Records

Range of Values:

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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
Lipes Mary Alice $115,000 Real Estate Title & Escrow L
Simmons David Jeffrey $50,000 Cambridge Title Company
Marshall Levin M -- --
Marshall Levin M -- --
Marshall Levin M $75,000 --
Hurlock George D $36,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipes Mary Alice $112,917
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2016 02/19/16 Sold $115,000 -3.4% $85 / Sq Ft
01/06/2016 01/06/16 Pending -- -- --
12/13/2015 12/13/15 For Sale $119,000 -- $88 / 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 $2,382 $126,800 $41,900 $84,900
2024 $2,155 $121,700 $0 $0
2023 $2,155 $116,600 $0 $0
2022 $4,122 $111,500 $41,900 $69,600
2021 $2,083 $110,967 $0 $0
2020 $2,083 $110,433 $0 $0
2019 $2,095 $109,900 $41,900 $68,000
2018 $2,040 $109,900 $41,900 $68,000
2017 $2,040 $109,900 $0 $0
2016 -- $112,500 $0 $0
2015 -- $112,500 $0 $0
2014 -- $112,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dan Shoemaker

    Seller's Agent in 2016

    Dan Shoemaker

    EXIT On The Bay

    (410) 353-4387

    30 in this area

    73 Total Sales

    Dan Shoemaker
    Section Image

  • S

    Buyer's Agent in 2016

    Sheila Wright

    Charles C. Powell, Inc. Realtors

    Section Image
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Map

Source: Bright MLS

MLS Number: 1001676727

Bright MLS

APN: 07-136633

Maryland Dorchester County Cambridge 21613

305 Somerset Ave, Cambridge, MD

This home is located at 305 Somerset Ave, Cambridge, MD 21613 since 13 December 2015 and is currently estimated at $261,538, approximately $193 per square foot. This property was built in 1948. 305 Somerset Ave is a home located in Dorchester County with nearby schools including Sandy Hill Elementary School, Mace's Lane Middle School, and Cambridge-South Dorchester High School.

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