NOT LISTED FOR SALE

408 Cove Rd Queenstown, MD 21658

Estimated Value: $969,000 - $1,075,000

4 Beds
3 Baths
2,140 Sq Ft
$471/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $835,000 $390 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,272/month

196 Days on Market

Highlights

  • 150 Feet of Waterfront
  • Private Dock Site
  • Colonial Architecture
  • Grasonville Elementary School Rated A-
  • Access to Tidal Water
  • Deck

About This Home

As of October 2023

This waterfront home is nestled in a Sweet Spot just off the Wye River. Lovely location on a protected cove. Almost 1 acre with a cozy 4 bedroom home. Soak in the peaceful water views from the "River Room" or the wrap around waterside deck, it is fabulous! Great water depth here, approx 4'+-MLW, but buyer to verify for their needs. Pier with lift. 2 Car Carport. Basement with 1 finished room and the unfinished side houses utilities with some storage/workshop space too. Quiet street off Bennett Point. Many possibilities await.

Last Listed By

Jimmy White

Long & Foster Real Estate, Inc. Listed on: 02/10/2023

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,096

Year Built

  • Built in 1969

Lot Details

  • 0.95 Acre Lot
  • 150 Feet of Waterfront
  • Home fronts navigable water

Home Design

  • Colonial Architecture

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Awning
  • Formal Dining Room
  • Water Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Interior and Exterior Basement Entry

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces

Outdoor Features

  • Access to Tidal Water
  • Private Water Access
  • River Nearby
  • Private Dock Site
  • Deck
  • Gazebo
  • Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Tankless Water Heater
  • Propane Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Queen Anne's On The Wye Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1805010101

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,096

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1969
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Ceiling Fan(s), Formal/Separate Dining Room, Kitchen - Table Space
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Full, Interior Access, Outside Entrance, Partially Finished, Walkout Stairs
  • Total Sq Ft: 2608
  • Living Area Sq Ft: 2140
  • Price Per Sq Ft: 502.72
  • Above Grade Finished Sq Ft: 1840
  • Below Grade Finished Sq Ft: 300
  • Below Grade Sq Ft: 468
  • Total Below Grade Sq Ft: 768
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 408

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed, Gazebo
  • Construction Materials: Mixed
  • Exterior Features: Awning(s)
  • View: Water
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 150

Garage/Parking

  • Garage: No
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Carport

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane, Tankless
  • Sewer/Septic System: Private Septic Tank
  • 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

  • Lot Size Acres: 0.95
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 41295.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Year Assessed: 2023
  • Zoning: RESIDENTAL R
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7096.00
  • Assessor Parcel Number: 1805010101
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 10/10/2023

Multi Family

  • Mean Low Water Feet: 4
  • Waterfront Features: Private Dock Site

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2023
Closed on
Oct 10, 2023
Sold by
Golden Eileen L
Bought by
Mcgill Terrence M and Mcgill Betsy J
Seller's Agent
Jimmy White
Long & Foster Real Estate, Inc.
Buyer's Agent
Candace Harman
Long & Foster Real Estate, Inc.
List Price
$1,075,000
Sold Price
$835,000
Premium/Discount to List
-$240,000
-22.33%
Total Days on Market
196
Views
310
Current Estimated Value
$1,008,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,476
Avg. Annual Appreciation
12.36%

Purchase Details

Closed on
Dec 12, 2022
Sold by
Golden Family Trust
Bought by
Golden Eileen L

Purchase Details

Closed on
Feb 1, 2018
Sold by
Golden Allen D and Golden Eileen L
Bought by
Golden Allen D and Golden Eileen L

Purchase Details

Closed on
Apr 7, 1986
Sold by
Sisson Howard M and Sisson Lucinda G
Bought by
Golden Allen D and Golden Eileen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,500
Interest Rate
9.99%

Purchase Details

Closed on
Jan 8, 1981
Sold by
Smith John H and Smith Bertie
Bought by
Sisson Howard M and Sisson Lucinda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
14.95%

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
Mcgill Terrence M $835,000 Sage Title
Golden Eileen L -- --
Golden Allen D -- None Available
Golden Allen D -- None Available
Golden Allen D $148,500 --
Sisson Howard M $142,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Golden Allen D $200,000
Previous Owner Golden Allen D $60,000
Previous Owner Golden Allen D $118,500
Previous Owner Sisson Howard M $127,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2023 10/10/23 Sold $835,000 -9.7% $390 / Sq Ft
07/26/2023 07/26/23 Price Changed $925,000 -2.6% $432 / Sq Ft
06/27/2023 06/27/23 Price Changed $950,000 -4.9% $444 / Sq Ft
04/14/2023 04/14/23 Price Changed $999,000 -7.1% $467 / Sq Ft
02/10/2023 02/10/23 For Sale $1,075,000 -- $502 / 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 $7,525 $792,500 $603,100 $189,400
2023 $7,341 $772,900 $0 $0
2022 $7,156 $753,300 $0 $0
2021 $7,097 $733,700 $576,200 $157,500
2020 $7,005 $724,167 $0 $0
2019 $6,854 $714,633 $0 $0
2018 $6,763 $705,100 $536,600 $168,500
2017 $6,735 $700,533 $0 $0
2016 -- $695,967 $0 $0
2015 $2,911 $691,400 $0 $0
2014 $2,911 $691,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA2005734

Bright MLS

APN: 05-010101