NOT LISTED FOR SALE

402 Gibbs Rd Grasonville, MD 21638

Estimated Value: $255,000 - $359,000

3 Beds
1 Bath
1,104 Sq Ft
$281/Sq Ft Est. Value

Sale Details

Date Sold: January 17, 2025

Last sale price $324,900 $294 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,816 / mo

6 Days on Market

Highlights

  • 0.77 Acre Lot
  • Open Floorplan
  • Main Floor Bedroom
  • Grasonville Elementary School Rated A-
  • Rambler Architecture
  • No HOA

About This Home

As of January 2025

PROFESSIONAL PHOTOS COMING SOON! Welcome Home to 402 Gibbs Road! This Beautifully updated Rancher offers the space you need to create a life you desire. Boasting an array of sleek finishes throughout this 3 Bedroom, 1 Bathroom home has so much to offer! When you walk inside you're instantly greeted with an open concept layout with spacious Livingroom, kitchen, dining area, 3 entry level bedrooms, full bathroom and laundry. Kitchen boasts S/S appliances, white shaker cabinets, Quartz counters and MORE! All new flooring throughout, freshly painted and SO MUCH MORE!! Book your private showing today before it's gone!! **New well is scheduled to be drilled within the next few weeks**

Last Agent to Sell the Property

Lois Alberti

(443) 981-8000 loismalberti@gmail.com Alberti Realty, LLC License #667696 Listed on: 12/06/2024

Last Buyer's Agent

Bryan Montross

(443) 221-4120 info@bremove.com Blackwell Real Estate, LLC License #5005575

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,996

Year Built

  • Built in 1976

Lot Details

  • 33,541 Sq Ft Lot
  • Property is zoned NC20T

Parking

  • Driveway

Home Design

  • Rambler Architecture
  • Vinyl Siding

Interior Spaces

  • 1,104 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Living Room
  • Carpet
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Grasonville Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1805006724

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,996

Year Built

Built in 1976

Lot Details

0.77 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-12-06
  • Year Built: 1976
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Stainless Steel Appliances, Refrigerator, Oven/Range - Electric, Dishwasher, Built-In Microwave
  • Interior Amenities: Carpet, Entry Level Bedroom, Floor Plan - Open, Upgraded Countertops
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Bathroom 1
  • Basement: No
  • Total Sq Ft: 1104
  • Living Area Sq Ft: 1104
  • Price Per Sq Ft: 294.29
  • Above Grade Finished Sq Ft: 1104
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well, Private

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: 0.77
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 33541.00
  • Zoning: NC20T
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1996.00
  • Assessor Parcel Number: 1805006724
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2024
Closed on
Jan 17, 2025
Sold by
Thu Llc
Bought by
Hicks Emily and Lamson Dylan
Seller's Agent
Lois Alberti
Alberti Realty, LLC
Buyer's Agent
Bryan Montross
Blackwell Real Estate, LLC
List Price
$324,900
Sold Price
$324,900
Views
49
Current Estimated Value
$309,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,211
Avg. Annual Appreciation
-3.62%
Original Mortgage
$259,920
Outstanding Balance
$256,823
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$52,866

Purchase Details

Listed on
Aug 28, 2024
Closed on
Sep 26, 2024
Sold by
Gibbs Mary C and Wilson David E
Bought by
Thu Llc
Seller's Agent
Deborah Savoie
Long & Foster Real Estate, Inc.
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$250,000
Sold Price
$165,000
Premium/Discount to List
-$85,000
-34%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
789.70%
Original Mortgage
$2,133,500
Interest Rate
6.49%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 9, 1995
Sold by
Gibbs Mary C
Bought by
Gibbs Mary C
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
Hicks Emily $324,900 Ally Title
Hicks Emily $324,900 Ally Title
Thu Llc $165,000 Charter Title
Thu Llc $165,000 Charter Title
Gibbs Mary C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hicks Emily $259,920
Closed Hicks Emily $259,920
Previous Owner Thu Llc $2,133,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/17/2025 01/17/25 Sold $324,900 0.0% $294 / Sq Ft
12/27/2024 12/27/24 For Sale $324,900 0.0% $294 / Sq Ft
12/14/2024 12/14/24 Off Market $324,900 -- --
12/06/2024 12/06/24 For Sale $324,900 +96.9% $294 / Sq Ft
09/27/2024 09/27/24 Sold $165,000 -34.0% $149 / Sq Ft View Prior Sale
08/31/2024 08/31/24 Pending -- -- --
08/28/2024 08/28/24 For Sale $250,000 -- $226 / Sq Ft
Source: Bright MLS

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 $2,085 $221,300 $0 $0
2024 $1,996 $211,900 $127,100 $84,800
2023 $1,921 $203,900 $0 $0
2022 $1,845 $195,900 $0 $0
2021 $0 $187,900 $102,100 $85,800
2020 $1,757 $183,200 $0 $0
2019 $1,712 $178,500 $0 $0
2018 $1,667 $173,800 $92,100 $81,700
2017 $1,605 $167,300 $0 $0
2016 -- $160,800 $0 $0
2015 $638 $154,300 $0 $0
2014 $638 $154,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA2011814

Bright MLS

APN: 05-006724

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