NOT LISTED FOR SALE

3881 Ocean Gateway Trappe, MD 21673

Estimated Value: $294,000 - $445,000

4.4 Acres
$90,231 Price per Acre
191,664 Sq Ft Lot

Last Sold July 08, 2021

Last sale price $400,000 $505 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,380/month

215 Days on Market

Highlights

  • No HOA
  • Shed
  • Machine Shed

About This Lot

As of July 2021

4.4 acres on US RT 50, includes 3 address of record. Existing two structures are not habitable. Town water and sewer. Contact listing agents for more information and to schedule a visit.

Last Listed By

Coard Benson

Benson & Mangold, LLC License #522455 Listed on: 09/16/2020

Benson & Mangold, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,645

Year Built

  • 1950

Lot Details

  • 4.4 Acre Lot
  • Property to be conveyed with the following 3 parcels: 3883,3885, & 3911 Ocean Gateway, Trappe MD
  • Property is zoned MIXED USE

Farming

  • Machine Shed

Listing and Financial Details

  • Assessor Parcel Number 2103120546

Community Details

Overview

  • No Home Owners Association

Recreation

  • Shed

Property Details

Property Type

Land

Est. Annual Taxes

$1,645

Year Built

1950

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Automatically Close On Close Date: No
  • Remarks Public: 4.4 acres on US RT 50, includes 3 address of record. Existing two structures are not habitable. Town water and sewer. Contact listing agents for more information and to schedule a visit.
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1950

Interior Features

  • Price Per Sq Ft: 2.53
  • Street Number Modifier: 3881

Exterior Features

  • Other Structures List: Machine Shed, Shed
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: TALBOT COUNTY PUBLIC SCHOOLS
  • School District Key: 121138072466
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: Property to be conveyed with the following 3 parcels: 3883,3885, & 3911 Ocean Gateway, Trappe MD
  • Improvement Assessed Value: 35900.00
  • Land Use Code: 110
  • Lot Size Acres: 4.40
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 191664.00
  • Year Assessed: 2021
  • Zoning: MIXED USE
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5296421
  • Tax Annual Amount: 1645.00
  • Assessor Parcel Number: 2103120546
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2021
  • Close Date: 07/08/2021

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2020
Closed on
Jul 8, 2021
Sold by
Nelson Ira C and Nelson Edward N
Bought by
Trapped 4 Llc
Seller's Agent
Coard Benson
Benson & Mangold, LLC
Buyer's Agent
Coard Benson
Benson & Mangold, LLC
List Price
$485,000
Sold Price
$400,000
Premium/Discount to List
-$85,000
-17.53%
Total Days on Market
215
Current Estimated Value
$397,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,984
Avg. Annual Appreciation
-0.20%
Original Mortgage
$280,000
Outstanding Balance
$256,900
Interest Rate
2.93%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$140,116

Range of Values:

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Average Value
Not Available
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
Trapped 4 Llc $400,000 First Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trapped 4 Llc $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold $400,000 -17.5% $505 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
09/16/2020 09/16/20 For Sale $485,000 -- $612 / 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 $2,143 $174,367 $0 $0
2023 $2,017 $170,300 $134,400 $35,900
2022 $1,905 $169,433 $0 $0
2021 $1,802 $168,567 $0 $0
2020 $1,775 $167,700 $134,400 $33,300
2019 $1,811 $167,700 $134,400 $33,300
2018 $1,729 $167,700 $134,400 $33,300
2017 $1,722 $178,500 $0 $0
2016 $1,653 $178,500 $0 $0
2015 $1,599 $178,500 $0 $0
2014 $1,599 $192,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Coard Benson

    Seller's Agent in 2021

    Coard Benson

    Benson & Mangold, LLC

    (410) 310-4909

    163 Total Sales

    Coard Benson
    Section Image
  • Alicia Gannon Dulin

    Seller Co-Listing Agent in 2021

    Alicia Gannon Dulin

    Benson & Mangold, LLC

    (410) 200-6378

    226 Total Sales

    Alicia Gannon Dulin
    Section Image
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Map

Source: Bright MLS

MLS Number: MDTA139028

Bright MLS

APN: 03-120546

Maryland Talbot County Trappe 21673

3881 Ocean Gateway, Trappe, MD

Homes for Sale in Trappe, MD

This home is located at 3881 Ocean Gateway, Trappe, MD 21673 since 16 September 2020 and is currently estimated at $397,016, approximately $501 per square foot. This property was built in 1950. 3881 Ocean Gateway is a home located in Talbot County with nearby schools including White Marsh Elementary School, Easton Middle School, and Easton High School.

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