NOT LISTED FOR SALE

31403 Lambson Forest Rd Galena, MD 21635

Estimated Value: $1,000,000 - $4,153,000

6 Beds
3.5 Baths
3,120 Sq Ft
$847/Sq Ft Est. Value

Last Sold January 15, 2015

Last sale price $2,900,000 $929 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $16,349/month

Highlights

  • Horse Facilities
  • 339.91 Acre Lot
  • Traditional Floor Plan
  • Cabana
  • Federal Architecture
  • Wood Flooring

About This Home

As of January 2015

A rare, turn-key opportunity for organic farming and great hunting! Located in the vast, fertile inlands of Maryland's Eastern Shore, minutes from the Chesapeake Bay, historic Locust Hill Farm (c. 1840) is a 339 acre working farm with roughly 242 acres of tillable, organic fields, 15 acres of organic pastures for cattle, goats, sheep, etc., and 80+ acres of mature timber forest or other areas, including various barns, stables, and two tenant houses. An understated gravel drive welcomes visitors to the farm, passing stretches of corn fields, and gently curving under a canopy of mature trees, meandering past the spring-fed pond and weeping willow tree, and eventually climbing to the homestead. On the left, the original Federal-style, brick farmhouse, which has historic records dating back to the 18th century, contains elements for multi-purpose use. The formal center hall entrance with entertaining spaces on either side gives way to a tavern-like gathering room with exposed beams, fireplace, and seasoned wood floors. A screened-in porch extends to the side yard, where a sparkling pool and 2BR pool house provide a cool escape in summer. An updated kitchen with granite counters completes the first level, and multiple bedrooms provide ample space for sleeping on the second floor. The driveway's right fork passes horses and goats in a fenced paddock. Nearby, chickens, peacocks and exotic geese wander freely around the bank barn and stalls, where longhorn cattle share a courtyard with two potbelly pigs. Beyond the stalls and oversized pole barn, larger organic pastures provide plenty of grazing room for horses and cows. After years of adhering to strict farming and environmental guidelines, Locust Hill Farm proudly sells organic crops from its tillable acreage, and follows the Maryland Nutrient Management Program, designed to protect the soil and the delicate Chesapeake watershed area. More information is available upon request re: soil studies, farm management, and strategic marketing and local/regional partnership opportunities for organic farming.

Last Agent to Sell the Property

Lisa Hoon

lhoon13@gmail.com Cross Street Realtors LLC Listed on: 09/12/2014

Last Buyer's Agent

Lisa Hoon

lhoon13@gmail.com Cross Street Realtors LLC Listed on: 09/12/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,891

Year Built

  • Built in 1830

Lot Details

  • 339.91 Acre Lot
  • Property is zoned AZD

Home Design

  • Federal Architecture
  • Brick Exterior Construction
  • Plaster Walls
  • Composition Roof
  • Asphalt Roof

Interior Spaces

  • 3,120 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Built-In Features
  • Beamed Ceilings
  • 3 Fireplaces
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Attic Fan

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • Covered Parking
  • Gravel Driveway

Pool

  • Cabana
  • Private Pool

Outdoor Features

  • Shed
  • Storage Shed
  • Tenant House

Farming

  • Bank Barn
  • Cattle or Dairy Barn
  • Crops
  • 15 Acres of Pasture
  • Machine Shed
  • Silo
  • Horse Farm
  • Livestock
  • Poultry Farm

Utilities

  • Radiator
  • Heating System Uses Oil
  • Hot Water Heating System
  • Well
  • Oil Water Heater
  • Septic Tank
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 1501020188

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,891

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Property Type: Farm
  • Structure Type: Detached
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1830
  • Remarks Public: A rare, turn-key opportunity for organic farming and hunting! Minutes from the Chesapeake Bay, historic Locust Hill Farm (c. 1840) is a 339 acre working farm with roughly 242 acres of tillable fields, 15 acres of organic pastures, and 80+ acres of timber and other areas, including various barns, stables, and two tenant houses. Historic home with 6BR, 4BA, LR, DR, and tavern-like gathering room.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Oven/Range - Electric, Refrigerator, Washer, Dishwasher, Disposal
  • Interior Amenities: Kitchen - Island, Dining Area, Kitchen - Eat-In, Built-Ins, Entry Level Bedroom, Upgraded Countertops, Primary Bath(s), Wood Floors, Window Treatments, Floor Plan - Traditional
  • Window Features: Storm
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Door Features: Storm
  • Wall Ceiling Types: Beamed Ceilings, Plaster Walls, Dry Wall
  • Entry Location: Center Hall
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Foyer, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 3120
  • Living Area Sq Ft: 3120
  • Price Per Sq Ft: 1120.19
  • Above Grade Finished Sq Ft: 3120
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 31403

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Silo(s), Barn/Stable, Cabana/Pool House, Shed, Tenant House, Bank Barn, Horse Stable, Cattle/Dairy Barn, Storage Barn/Shed, Machine Shed
  • Construction Materials: Brick, Combination
  • Construction Completed: No
  • Exterior Features: Satellite Dish
  • Roof: Asphalt, Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Garage Features: Covered Parking
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Attic Fan
  • Heating Fuel: Oil
  • Heating Type: Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Farm Operation: General, Row Crop, Livestock, Horse, Poultry
  • Improvement Assessed Value: 415200.00
  • Land Assessed Value: 192500.00
  • Lot Size Acres: 339.91
  • Lot Size Area: 14806480
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14806480.00
  • Pasture Acres: 15.00
  • Property Condition: As-Is Condition
  • Remarks Farm: Active yearly lease on farmland.
  • Tillable Acres: 242.00
  • Year Assessed: 2014
  • Zoning: AZD

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4499974
  • Tax Annual Amount: 6891.32
  • Assessor Parcel Number: 1501020188
  • Tax Total Finished Sq Ft: 4054
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014
  • Close Date: 01/15/2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2014
Closed on
Jan 15, 2015
Sold by
Locust Hill Llc
Bought by
Locust Hill Farms Llc
Seller's Agent
Lisa Hoon
Cross Street Realtors LLC
Buyer's Agent
Lisa Hoon
Cross Street Realtors LLC
List Price
$3,495,000
Sold Price
$2,900,000
Premium/Discount to List
-$595,000
-17.02%
Current Estimated Value
$2,642,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$257,614
Avg. Annual Appreciation
-0.86%

Purchase Details

Closed on
Jan 13, 2004
Sold by
Wisner John Ellis Knowles Etals
Bought by
Locust Hill Llc
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
Locust Hill Farms Llc $2,900,000 None Available
Locust Hill Llc $1,800,000 --
Wisner John Ellis Knowles Etals -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2015 01/15/15 Sold $2,900,000 0.0% $929 / Sq Ft View Prior Sale
01/15/2015 01/15/15 Sold $2,900,000 -17.0% $929 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $3,495,000 0.0% $1,120 / Sq Ft
07/11/2014 07/11/14 For Sale $3,495,000 -- $1,120 / 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 $28,062 $2,458,700 $0 $0
2024 $25,642 $2,245,300 $0 $0
2023 $23,222 $2,031,900 $161,700 $1,870,200
2022 $23,019 $2,031,900 $161,700 $1,870,200
2021 $8,857 $797,133 $0 $0
2020 $8,857 $770,500 $161,700 $608,800
2019 $8,794 $764,933 $0 $0
2018 $8,731 $759,367 $0 $0
2017 $8,668 $753,800 $0 $0
2016 -- $407,800 $0 $0
2015 $7,765 $606,800 $0 $0
2014 $7,765 $607,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003200336

Bright MLS

APN: 01-020188