$165,000
SOLD SEP 27, 2024

402 Gibbs Rd Grasonville, MD 21638

3 Beds
1 Bath
1,104 Sq Ft
0.77 Acres

Recently Sold

$149 Per Sq Ft

34% Below List Price

3 Days on Market

Highlights

  • 0.77 Acre Lot
  • Rambler Architecture
  • No HOA
  • Grasonville Elementary School Rated A-

About This Home

As of January 2025

REHAB POTENTIAL! Entire home needs to be rehabbed but could be a wonderful property with .77 acres.

CASH ONLY. WILL NOT PASS ANY INSPECTIONS.

Last Agent to Sell the Property

Deborah Savoie

Long & Foster Real Estate, Inc. License #592604 Listed on: 08/28/2024

Long & Foster Real Estate, Inc.

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,921

Year Built

  • Built in 1976

Lot Details

  • 0.77 Acre Lot
  • Property is zoned NC20T

Parking

  • Driveway

Home Design

  • Rambler Architecture
  • Fixer Upper
  • Aluminum Siding

Interior Spaces

  • 1,104 Sq Ft Home
  • Property has 1 Level
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1805006724

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,921

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-09-07
  • Year Built: 1976
  • Automatically Close On Close Date: No
  • Remarks Public: REHAB POTENTIAL! Entire home needs to be rehabbed but could be a wonderful property with .77 acres. CASH ONLY. WILL NOT PASS ANY INSPECTIONS.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1104
  • Living Area Sq Ft: 1104
  • Price Per Sq Ft: 226.45
  • Above Grade Finished Sq Ft: 1104
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 402

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: Aluminum 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: No
  • Cooling Fuel: Electric
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
  • School District Key: 121137777627
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.77
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 33541.00
  • Property Condition: Major Rehab Needed
  • Year Assessed: 2024
  • Zoning: NC20T
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1921.00
  • Assessor Parcel Number: 1805006724
  • Tax Total Finished Sq Ft: 1104
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 09/27/2024

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

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
Current Estimated Value
$314,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,524
Avg. Annual Appreciation
122.12%
Original Mortgage
$2,133,500
Outstanding Balance
$2,121,747
Interest Rate
6.49%
Mortgage Type
Construction
Estimated Equity
-$1,811,800

Purchase Details

Closed on
Mar 9, 1995
Sold by
Gibbs Mary C
Bought by
Gibbs Mary C
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $165,000 Charter Title
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,133,500 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 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 $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

  • Lois Alberti

    Seller's Agent in 2025

    Lois Alberti

    Alberti Realty, LLC

    (443) 876-8712

    2 in this area

    674 Total Sales

    Lois Alberti
    Section Image
  • Bryan Montross

    Buyer's Agent in 2025

    Bryan Montross

    Blackwell Real Estate, LLC

    (443) 494-9498

    1 in this area

    8 Total Sales

    Bryan Montross
    Section Image
  • Deborah Savoie

    Seller's Agent in 2024

    Deborah Savoie

    Long & Foster

    (410) 991-2808

    2 in this area

    127 Total Sales

    Deborah Savoie
    Section Image
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Map

Source: Bright MLS

MLS Number: MDQA2010838

Bright MLS

APN: 05-006724

Maryland Queen Annes County Grasonville 21638

402 Gibbs Rd, Grasonville, MD

This home is located at 402 Gibbs Rd, Grasonville, MD 21638 and is currently priced at $165,000, approximately $149 per square foot. This property was built in 1976. 402 Gibbs Rd is a home located in Queen Anne's County with nearby schools including Grasonville Elementary School, Stevensville Middle School, and Kent Island High School.

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