NOT LISTED FOR SALE

405 George St Chesapeake City, MD 21915

Estimated Value: $367,000 - $444,000

3 Beds
1.5 Baths
1,520 Sq Ft
$267/Sq Ft Est. Value

Last Sold January 27, 2017

Last sale price $107,500 $71 Per Sq Ft

Est. 278% increase in value since last sale

Current estimated payment $2,581/month

105 Days on Market

Highlights

  • Colonial Architecture
  • Combination Kitchen and Dining Room
  • Wood Siding
  • No HOA
  • Floor Furnace
  • 2-minute walk to Ferry Slip Road Park

About This Home

As of January 2017

ATTENTION INVESTORS!! MAJOR PRICE REDUCTION!! This is your chance to renovate a charming home in Historic South Chesapeake City, Maryland. This 3 bedroom, 1.5 bath home is a short walk to restaurants, bars, shops and the C&D Canal. Don't miss an affordable opportunity to own a piece of history and make it your own dream home, the only things missing are you and and your renovation budget!

Last Agent to Sell the Property

Sierra Webster

Patterson-Schwartz-Newark License #RS-0023210 Listed on: 07/25/2016

Patterson-Schwartz-Newark

Last Buyer's Agent

Sierra Webster

Patterson-Schwartz-Newark License #RS-0023210 Listed on: 07/25/2016

Patterson-Schwartz-Newark

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1850

Lot Details

  • 3,833 Sq Ft Lot
  • Property is in below average condition
  • Property is zoned VC

Home Design

  • Colonial Architecture
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Property has 3 Levels
  • Combination Kitchen and Dining Room
  • Basement
  • Exterior Basement Entry
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 1.5 Bathrooms

Parking

  • Parking Space Number Location: 2
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Chesapeake City Elementary School
  • Bohemia Manor Middle School
  • Bohemia Manor High School

Utilities

  • Floor Furnace
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Historic South Chesapeake City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0802002396

Home Details

Home Type

Single Family

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1850
  • Remarks Public: ATTENTION INVESTORS!! MAJOR PRICE REDUCTION!! This is your chance to renovate a charming home in Historic South Chesapeake City, Maryland. This 3 bedroom, 1.5 bath home is a short walk to restaurants, bars, shops and the C&D Canal. Don't miss an affordable opportunity to own a piece of history and make it your own dream home, the only things missing are you and and your renovation budget!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric
  • Interior Amenities: Combination Kitchen/Dining
  • Fireplace: No
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Living Area Units: Square Feet
  • Street Number Modifier: 405

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Wood Siding
  • Pool Private: No
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Parking Space Number Assigned: 2
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Floor Furnace
  • 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: CECIL COUNTY PUBLIC SCHOOLS
  • Elementary School: CHESAPEAKE CITY
  • Middle School: BOHEMIA MANOR
  • High School: BOHEMIA MANOR
  • School District Key: 121139799812
  • Elementary School: CHESAPEAKE CITY
  • High School: BOHEMIA MANOR
  • Middle Or Junior School: BOHEMIA MANOR

Green Features

  • Green Verification: No

Lot Info

  • Improvement Assessed Value: 69900.00
  • Land Assessed Value: 114600.00
  • Lot Size Acres: 0.09
  • Lot Size Area: 3833
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3833.00
  • Property Attached Yn: No
  • Property Condition: Below Average
  • Year Assessed: 2015
  • Zoning: VC
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4444103
  • Tax Annual Amount: 2861.96
  • Assessor Parcel Number: 0802002396
  • Tax Total Finished Sq Ft: 1520
  • Tax Year: 2014
  • Close Date: 01/27/2017

MLS Schools

  • School District Name: CECIL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2016
Closed on
Jan 27, 2017
Sold by
Gentry Jrffrey S
Bought by
Webster Fredrick D and Webster Karen S
Seller's Agent
Sierra Webster
Patterson-Schwartz-Newark
Buyer's Agent
Sierra Webster
Patterson-Schwartz-Newark
List Price
$142,900
Sold Price
$107,500
Premium/Discount to List
-$35,400
-24.77%
Current Estimated Value
$406,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,710
Avg. Annual Appreciation
16.70%
Original Mortgage
$220,624
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 2, 1998
Sold by
Moore Violet L Life Estate
Bought by
Gentry Jeffrey S

Purchase Details

Closed on
Dec 28, 1995
Sold by
Moore Violet L Life Estate
Bought by
Moore Violet L Life Estate
Source: Public Records

Range of Values:

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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
Webster Fredrick D $107,500 Kirsh Title Services Inc
Gentry Jeffrey S $85,000 --
Moore Violet L Life Estate $37,025 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Red House Enterprises Llc $160,000
Closed Webster Karen S $210,000
Closed Webster Fredrick D $220,624
Previous Owner Gentry Jeffrey S $80,997
Closed Gentry Jeffrey S --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2017 01/27/17 Sold $107,500 -13.9% $71 / Sq Ft
11/07/2016 11/07/16 Pending -- -- --
09/26/2016 09/26/16 Price Changed $124,900 -12.6% $82 / Sq Ft
07/25/2016 07/25/16 For Sale $142,900 -- $94 / 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 $4,410 $275,233 $0 $0
2024 $3,886 $260,800 $124,600 $136,200
2023 $3,532 $260,600 $0 $0
2022 $4,285 $260,400 $0 $0
2021 $4,199 $260,200 $124,600 $135,600
2020 $3,790 $234,967 $0 $0
2019 $3,383 $209,733 $0 $0
2018 $2,993 $184,500 $114,600 $69,900
2017 $2,956 $184,500 $0 $0
2016 $2,864 $184,500 $0 $0
2015 $2,864 $184,500 $0 $0
2014 $2,533 $184,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001672727

Bright MLS

APN: 02-002396