NOT LISTED FOR SALE

331 Fairgate Rd Mc Henry, MD 21541

Estimated Value: $474,610 - $676,000

2 Beds
2 Baths
1,152 Sq Ft
$492/Sq Ft Est. Value

Last Sold August 28, 2021

Last sale price $359,000 $312 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,275/month

Highlights

  • New Construction
  • Water Oriented
  • No HOA
  • Accident Elementary School Rated 9+
  • Lake View
  • Living Room

About This Home

As of August 2021

Quiet, peaceful, tucked in the trees for privacy. This NEW CONSTRUCTION log cabin gets you away from it all. Filtered lake views of McHenry Cove. Relax on the deck, or play lawn games while being away from all the cares of everyday life. Located within minutes of Deep Creek Lake actives, Wisp Ski Resort, restaurants and shopping yet nestled in the solitude of the trees.

Last Agent to Sell the Property

Debra Savage

(301) 616-4085 dsavage@railey.com Railey Realty, Inc. Listed on: 05/28/2021

Railey Realty, Inc.

Last Buyer's Agent

Mike Kennedy

(301) 616-6106 mkennedy@railey.com Railey Realty, Inc. License #529372

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,736

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 1 Acre Lot
  • Property is zoned CR2, Commercial Resort 2

Parking

  • Gravel Driveway

Property Views

  • Lake
  • Mountain

Home Design

  • Cabin
  • Log Siding

Interior Spaces

  • 1,152 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Gas Fireplace
  • Living Room

Bedrooms and Bathrooms

Outdoor Features

  • Water Oriented
  • Property is near a lake

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Gerald Glotfelty Subdivision

Listing and Financial Details

  • Tax Lot 5B

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,736

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cabin/Lodge
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Lower 1, Main
  • Expected On Market: 2021-06-30
  • Year Built: 2021
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Kitchen, Bedroom 1, Bathroom 2, Full Bath
  • Basement: No
  • Total Sq Ft: 1152
  • Living Area Sq Ft: 1152
  • Price Per Sq Ft: 320.31
  • Above Grade Finished Sq Ft: 1152
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Log Siding
  • Construction Completed: No
  • View: Lake, Mountain
  • Water Access: No
  • Water Body Name: DEEP CREEK LAKE
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • 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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 1.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Zoning: CR2
  • Zoning Description: Commercial Resort 2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: NO TAX RECORD
  • Tax Lot: 5B
  • Tax Year: 2021

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Aug 20, 2021
Sold by
Mchenry Cove Llc
Bought by
Ashby Tabitha Ann and Ashby Darren Dewayne
Seller's Agent
Debra Savage
Railey Realty, Inc.
Buyer's Agent
Mike Kennedy
Railey Realty, Inc.
List Price
$369,000
Sold Price
$359,000
Premium/Discount to List
-$10,000
-2.71%
Current Estimated Value
$566,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,403
Avg. Annual Appreciation
11.56%
Original Mortgage
$287,200
Outstanding Balance
$260,760
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$305,643

Purchase Details

Closed on
Nov 2, 2005
Sold by
Peluso Carmine
Bought by
Mchenry Cove Llc

Purchase Details

Closed on
Dec 23, 1996
Sold by
Chambers Larry G
Bought by
Peluso Carmine

Purchase Details

Closed on
Jan 16, 1986
Sold by
Glotfelty Gerald H and Glotfelty Helen A
Bought by
Chambers Larry G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
10.77%
Source: Public Records

Range of Values:

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Average Value
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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
Ashby Tabitha Ann $359,000 Deep Creek Title Group
Mchenry Cove Llc $120,000 --
Peluso Carmine -- --
Chambers Larry G $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ashby Tabitha Ann $287,200
Previous Owner Chambers Larry G $20,000
Closed Mchenry Cove Llc --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2021 08/28/21 Sold $359,000 -2.7% $312 / Sq Ft
05/28/2021 05/28/21 For Sale $369,000 -- $320 / 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 $3,736 $330,033 $0 $0
2024 $3,415 $292,367 $0 $0
2023 $2,975 $254,700 $65,100 $189,600
2022 $2,879 $246,467 $0 $0
2021 $644 $35,100 $35,100 $0
2020 $644 $55,100 $55,100 $0
2019 $644 $55,100 $55,100 $0
2018 $607 $55,100 $55,100 $0
2017 $659 $60,100 $0 $0
2016 -- $60,100 $0 $0
2015 -- $60,100 $0 $0
2014 -- $61,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDGA135288

Bright MLS

APN: 18-037378