401 Water St Saint Michaels, MD 21663
Estimated Value: $1,113,000 - $1,724,000
3
Beds
3.5
Baths
2,249
Sq Ft
$654/Sq Ft
Est. Value
Highlights
- 88 Feet of Waterfront
- Pier
- Gourmet Kitchen
- 4 Dock Slips
- Fishing Allowed
- 2-minute walk to Saint Marys Square
About This Home
As of September 2016Incredibly charming historically significant waterfront cottage in the heart of St. Michaels. The 1-1/2 story Robert Lambdin house dates back to 1840 and retains some of its original features remain. The structure has been updated w. all modern amenities and is in move-in condition. The property fronts on the St. Michaels harbor, has 4 boat slips and great views of the water. Website available.
Last Agent to Sell the Property
Benson & Mangold, LLC License #575707 Listed on: 02/22/2016
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,141
Year Built
- Built in 1890
Lot Details
- 0.27 Acre Lot
- 88 Feet of Waterfront
- Home fronts navigable water
- Back Yard Fenced
- Landscaped
- Extensive Hardscape
- Corner Lot
- Property is in very good condition
Parking
- 1 Car Detached Garage
- Garage Door Opener
- Off-Street Parking
Property Views
- River
- Scenic Vista
Home Design
- Cape Cod Architecture
- Wood Siding
Interior Spaces
- 2,249 Sq Ft Home
- Property has 2 Levels
- Built-In Features
- Crown Molding
- Fireplace Mantel
- Window Treatments
- Mud Room
- Entrance Foyer
- Family Room Off Kitchen
- Living Room
- Dining Room
- Den
- Wood Flooring
Kitchen
- Gourmet Kitchen
- Breakfast Area or Nook
- Built-In Oven
- Electric Oven or Range
- Down Draft Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
- En-Suite Primary Bedroom
- En-Suite Bathroom
Laundry
- Laundry Room
- Stacked Washer and Dryer
Outdoor Features
- Pier
- Canoe or Kayak Water Access
- Private Water Access
- River Nearby
- Sail
- Bulkhead
- 4 Dock Slips
- Physical Dock Slip Conveys
- Stream or River on Lot
- 3 Powered Boats Permitted
- 1 Non-Powered Boats Permitted
- Deck
- Patio
- Outdoor Storage
- Storage Shed
- Porch
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Vented Exhaust Fan
- Electric Water Heater
Listing and Financial Details
- Tax Lot 11
- Assessor Parcel Number 2102065045
Community Details
Overview
- No Home Owners Association
- Historic St. Michaels Subdivision
Recreation
- Fishing Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2016
Closed on
Sep 23, 2016
Sold by
Cirrus Equity Corporation
Bought by
Schneider Philip L and Schneider Joyce M
Seller's Agent
Carolina Barksdale
Benson & Mangold, LLC
Buyer's Agent
Amy Berry
Meredith Fine Properties
List Price
$1,349,000
Sold Price
$1,100,000
Premium/Discount to List
-$249,000
-18.46%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,639
Avg. Annual Appreciation
3.56%
Original Mortgage
$550,000
Outstanding Balance
$446,403
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$1,047,008
Purchase Details
Closed on
Aug 31, 2007
Sold by
Higgins Eileen L Trustee
Bought by
Cirrus Equity Corporation
Purchase Details
Closed on
Oct 19, 2000
Sold by
Higgins Jerry Macke
Bought by
Higgins Eileen L Trustee
Purchase Details
Closed on
Dec 7, 1999
Sold by
Key Charles J
Bought by
Higgins Jerry Macke and Higgins Eileen Louise
Purchase Details
Closed on
Nov 15, 1999
Sold by
Key Charles J
Bought by
Key Charles J and Key Lois Mundy
Purchase Details
Closed on
Jun 2, 1998
Sold by
Moore Robert W and Moore Kathleen J
Bought by
Key Charles J and Key Lois Mundy
Similar Homes in Saint Michaels, MD
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schneider Philip L | $1,100,000 | Venture Title Company Llc | |
| Cirrus Equity Corporation | $1,600,000 | -- | |
| Cirrus Equity Corporation | $1,600,000 | -- | |
| Higgins Eileen L Trustee | -- | -- | |
| Higgins Jerry Macke | $558,000 | -- | |
| Key Charles J | -- | -- | |
| Key Charles J | $480,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schneider Philip L | $550,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2016 09/23/16 | Sold | $1,100,000 | -7.9% | $489 / Sq Ft |
| 08/02/2016 08/02/16 | Pending | -- | -- | -- |
| 06/22/2016 06/22/16 | Price Changed | $1,195,000 | -6.6% | $531 / Sq Ft |
| 05/12/2016 05/12/16 | Price Changed | $1,279,000 | -5.2% | $569 / Sq Ft |
| 02/22/2016 02/22/16 | For Sale | $1,349,000 | -- | $600 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $13,066 | $1,053,400 | $0 | $0 |
| 2023 | $13,632 | $1,147,800 | $0 | $0 |
| 2022 | $12,875 | $1,122,900 | $825,700 | $297,200 |
| 2021 | $12,591 | $1,122,900 | $825,700 | $297,200 |
| 2020 | $12,755 | $1,122,900 | $825,700 | $297,200 |
| 2019 | $12,887 | $1,134,600 | $841,600 | $293,000 |
| 2018 | $12,652 | $1,134,600 | $841,600 | $293,000 |
| 2017 | $12,251 | $1,134,600 | $0 | $0 |
| 2016 | $12,147 | $1,262,100 | $0 | $0 |
| 2015 | $12,856 | $1,262,100 | $0 | $0 |
| 2014 | $12,856 | $1,262,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Carolina Barksdale
Seller's Agent in 2016
Carolina Barksdale
Benson & Mangold, LLC
(443) 786-0348
55 Total Sales
-
Amy Berry
A
Buyer's Agent in 2016
Amy Berry
Meredith Fine Properties
(410) 310-0441
23 Total Sales
Map
Source: Bright MLS
MLS Number: 1002377036
APN: 02-065045
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