NOT LISTED FOR SALE

40865 Merchants Ln Leonardtown, MD 20650

Estimated Value: $1,037,848

-- Bed
-- Bath
7,936 Sq Ft
$131/Sq Ft Est. Value

About This Home

This home is located at 40865 Merchants Ln, Leonardtown, MD 20650 and is currently priced at $1,037,848, approximately $130 per square foot. 40865 Merchants Ln is a home located in St. Mary's County with nearby schools including Benjamin Banneker Elementary School, Leonardtown Middle School, and Chopticon High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2023
Sold by
Johnson Professional Building Inc
Bought by
Smbc Leasing & Fin Inc
Current Estimated Value
$1,037,848

Purchase Details

Closed on
Apr 17, 2021
Sold by
Ragan Gordon H
Bought by
Johnson Professional Building Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2020
Sold by
Ragan Living Trust
Bought by
Ragan Gordon H

Purchase Details

Closed on
Nov 18, 2008
Sold by
Ragan Gordon H
Bought by
Ragan Gordon H & Ginevra F Trst

Purchase Details

Closed on
Oct 28, 2008
Sold by
Ragan Gordon H
Bought by
Ragan Gordon H & Ginevra F Trst
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Smbc Leasing & Fin Inc $1,950,000 --
Johnson Professional Building Inc $1,000,000 Trusted Title Services Llc
Ragan Gordon H -- None Available
Ragan Gordon H & Ginevra F Trst -- --
Ragan Gordon H & Ginevra F Trst -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Professional Building Inc $750,000
Source: Public Records

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 $15,530 $1,328,400 $237,100 $1,091,300
2024 $15,530 $1,328,400 $237,100 $1,091,300
2023 $15,105 $1,328,400 $237,100 $1,091,300
2022 $15,189 $1,328,400 $215,600 $1,112,800
2021 $12,394 $1,247,300 $0 $0
2020 $11,426 $1,123,700 $0 $0
2019 $10,169 $1,000,100 $185,100 $815,000
2018 $10,169 $1,000,100 $185,100 $815,000
2017 $10,169 $1,000,100 $0 $0
2016 -- $1,028,600 $0 $0
2015 $10,250 $1,028,600 $0 $0
2014 $10,250 $1,028,600 $0 $0
Source: Public Records

Map

Maryland St Marys County Leonardtown 20650

40865 Merchants Ln, Leonardtown, MD

This home is located at 40865 Merchants Ln, Leonardtown, MD 20650 and is currently priced at $1,037,848, approximately $130 per square foot. 40865 Merchants Ln is a home located in St. Mary's County with nearby schools including Benjamin Banneker Elementary School, Leonardtown Middle School, and Chopticon High School.

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