NOT LISTED FOR SALE

32 Muddy Ln Elkton, MD 21921

Estimated Value: $474,000 - $523,000

-- Bed
3 Baths
3,200 Sq Ft
$155/Sq Ft Est. Value

Last Sold December 14, 2021

Last sale price $390,000 $122 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,831/month

248 Days on Market

Highlights

  • Second Kitchen
  • 13.75 Acre Lot
  • Partially Wooded Lot
  • Panoramic View
  • Private Lot
  • Rambler Architecture

About This Home

As of December 2021

Agents please allow at least 12 hour notice. The seller will be at property to allow access to the three units.
Back on Market; buyers backed out due to personal reasons unrelated to property.
This property was one of three parcels to include a 100 single family development that was put together in 2007. An engineered copy has been included in documents. This is for informational purposes only. Buyer will need to perform their own research if interested in subdivision. New Price!! 390,000 listed well below appraised value! Seller is motivated! Lucrative Investment Opportunity! Nearly 13 acres available with possibility to develop. Three rental units: One 3 bedroom 1 bath rents for $1300 / month; One 2 bedroom 1 bath rents for $850 / month. One 1 bedroom 1 bath rents for $850 / month. According to health department public water and sewer will be available within 5 years.

Last Agent to Sell the Property

Loura Quinn

(410) 703-8709 lquinn@remax.net RE/MAX Chesapeake License #RS-0024708 Listed on: 01/26/2021

RE/MAX Chesapeake

Last Buyer's Agent

Loura Quinn

(410) 703-8709 lquinn@remax.net RE/MAX Chesapeake License #RS-0024708 Listed on: 01/26/2021

RE/MAX Chesapeake

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,371

Year Built

  • Built in 1974

Lot Details

  • 13.75 Acre Lot
  • Private Lot
  • Secluded Lot
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Backs to Trees or Woods
  • Back and Side Yard
  • Subdivision Possible
  • Property is in average condition

Property Views

  • Panoramic
  • Woods

Home Design

  • Rambler Architecture
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room
  • Carpet

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Gas Oven or Range

Parking

  • 10 Parking Spaces
  • 10 Driveway Spaces
  • Gravel Driveway

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Shed
  • Storage Shed
  • Utility Building
  • Outbuilding
  • Porch

Utilities

  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Well
  • Electric Water Heater
  • On Site Septic
  • Septic Tank
  • Community Sewer or Septic

Community Details

  • No Home Owners Association
  • Income includes parking, laundry

Listing and Financial Details

  • Assessor Parcel Number 0803011623

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,371

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: No Stairs
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator, Water Heater
  • Interior Amenities: 2nd Kitchen, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Family Room Off Kitchen, Kitchen - Eat-In
  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 6400
  • Living Area Sq Ft: 3200
  • Price Per Sq Ft: 121.88
  • Above Grade Finished Sq Ft: 3200
  • Above Grade Unfinished Sq Ft: 3200
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed, Storage Barn/Shed, Utility Building
  • Construction Materials: Block, Vinyl Siding
  • Exterior Features: Outbuilding(s), Secure Storage
  • View: Panoramic, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone, Asphalt Driveway
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 10

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic, Community Septic Tank, Private Septic Tank, Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 137300.00
  • Land Assessed Value: 161800.00
  • Lot Features: Backs To Trees, Cleared, Level, Partly Wooded, Open, Private, Rear Yard, Road Frontage, Secluded, Sideyard(s), Subdivision Possible, Trees/Wooded, Unrestricted
  • Lot Size Acres: 13.75
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 598950.00
  • Outdoor Living Structures: Porch(es), Roof
  • Property Condition: Average
  • Zoning: DR
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Total Actual Rent: 36000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4448268
  • Tax Annual Amount: 5371.00
  • Assessor Parcel Number: 0803011623
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Income Includes: Parking, Laundry

MLS Schools

  • School District Name: CECIL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2021
Closed on
Oct 17, 2021
Sold by
Gilbert Dennis R and Gilbert Dale R
Bought by
Crosswinds Landing Llc
Seller's Agent
Loura Quinn
RE/MAX Chesapeake
Buyer's Agent
Loura Quinn
RE/MAX Chesapeake
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$495,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,478
Avg. Annual Appreciation
6.20%

Purchase Details

Closed on
Nov 6, 2006
Sold by
Mulberry Tree Investments Inc
Bought by
Gilbert David L and Gilbert Dennis R

Purchase Details

Closed on
Oct 31, 2006
Sold by
Mulberry Tree Investments Inc
Bought by
Gilbert David L and Gilbert Dennis R

Purchase Details

Closed on
May 30, 2003
Sold by
Gilbert Mabel M
Bought by
Mulberry Tree Investments Inc
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
Crosswinds Landing Llc $390,000 New World Title Company Llc
Gilbert David L -- --
Gilbert David L -- --
Mulberry Tree Investments Inc $299,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mulberry Tree Investments Inc --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2021 12/14/21 Sold $390,000 0.0% $122 / Sq Ft
12/14/2021 12/14/21 Sold $390,000 0.0% $122 / Sq Ft View Prior Sale
11/09/2021 11/09/21 For Sale $390,000 0.0% $122 / Sq Ft
11/09/2021 11/09/21 For Sale $390,000 0.0% $122 / Sq Ft
10/18/2021 10/18/21 Off Market $390,000 -- --
10/18/2021 10/18/21 Off Market $390,000 -- --
05/14/2021 05/14/21 For Sale $390,000 0.0% $122 / Sq Ft
05/14/2021 05/14/21 For Sale $390,000 0.0% $122 / Sq Ft
05/04/2021 05/04/21 Off Market $390,000 -- --
05/04/2021 05/04/21 Off Market $390,000 -- --
03/20/2021 03/20/21 Price Changed $390,000 0.0% $122 / Sq Ft
03/20/2021 03/20/21 Price Changed $390,000 -2.5% $122 / Sq Ft
01/26/2021 01/26/21 For Sale $400,000 0.0% $125 / Sq Ft
11/18/2020 11/18/20 Price Changed $400,000 -11.1% $125 / Sq Ft
12/28/2019 12/28/19 For Sale $450,000 -- $141 / 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 $2,799 $161,800 $161,800 $0
2024 $2,799 $161,800 $161,800 $0
2023 $5,296 $304,367 $0 $0
2022 $5,316 $301,733 $0 $0
2021 $5,311 $299,100 $161,800 $137,300
2020 $5,167 $293,967 $0 $0
2019 $5,167 $288,833 $0 $0
2018 $5,135 $283,700 $176,800 $106,900
2017 $4,806 $282,333 $0 $0
2016 $4,780 $280,967 $0 $0
2015 $4,780 $279,600 $0 $0
2014 $3,064 $279,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDCC173102

Bright MLS

APN: 03-011623