Seller's Agent in 2024
Clifford Meredith
Meredith Fine Properties
(410) 924-0082
11 in this area
80 Total Sales
417 Water St Saint Michaels, MD 21663
Estimated Value: $911,000 - $1,686,600
3
Beds
3.5
Baths
2,579
Sq Ft
$538/Sq Ft
Est. Value
Highlights
- Water Views
- 2 Fireplaces
- No HOA
- Colonial Architecture
- Sun or Florida Room
- 2-minute walk to Saint Marys Square
About This Home
As of April 2024Nestled in the heart of St. Michaels, the timeless Oliver Fairbank House, dating back to 1880, epitomizes classic charm. This distinguished residence boasts three bedrooms and three-and-a-half baths in the main house, complemented by a one-bedroom, one-bath guest suite atop the detached two-car garage.
With a seamless blend of historic elegance and modern convenience, the home showcases exquisite random-width pine floors, creating a warm and inviting ambiance. The expansive living/game room, adorned with built-in bookshelves, offers a versatile space for relaxation and entertainment.
Ascend to the generously-sized primary bedroom, complete with a fireplace and picturesque waterview balcony. A charming "she-shed" adds a touch of whimsy to the property, providing an idyllic retreat for moments of serenity.
Boasting an ideal location just minutes away from the harbor, shopping, restaurants, schools, and the YMCA, the Oliver Fairbank House presents an unparalleled opportunity to immerse yourself in the quintessential Eastern Shore lifestyle.
Last Agent to Sell the Property
Meredith Fine Properties License #61815 Listed on: 02/09/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,374
Year Built
- Built in 1880
Lot Details
- 6,431 Sq Ft Lot
Parking
- 2 Car Detached Garage
- Side Facing Garage
- Driveway
- Off-Street Parking
Home Design
- Colonial Architecture
- Wood Siding
Interior Spaces
- 2,579 Sq Ft Home
- Property has 3 Levels
- 2 Fireplaces
- Living Room
- Dining Room
- Sun or Florida Room
- Water Views
- Crawl Space
- Stove
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Shed
- Brick Porch or Patio
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Saint Michaels Subdivision
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 2102061546
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 9, 2024
Closed on
Apr 25, 2024
Sold by
Craig Mahler 2013 Revocable Trust and Mahler Craig
Bought by
Schaefer Mary B
Seller's Agent
Clifford Meredith
Meredith Fine Properties
Buyer's Agent
Jennifer Schaub
EXP Realty, LLC
List Price
$1,895,000
Sold Price
$1,675,000
Premium/Discount to List
-$220,000
-11.61%
Views
150
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$287,600
Avg. Annual Appreciation
-12.76%
Original Mortgage
$750,000
Outstanding Balance
$739,904
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$647,496
Purchase Details
Listed on
Mar 26, 2015
Closed on
May 15, 2015
Sold by
Tolley Christopher G and Tolley Patricia J
Bought by
The Craig Mahler 2013 Revocable Trust
Seller's Agent
Marie Wroten
Benson & Mangold, LLC
Buyer's Agent
Cynthia Browne
Benson & Mangold, LLC
List Price
$924,000
Sold Price
$885,000
Premium/Discount to List
-$39,000
-4.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.39%
Purchase Details
Listed on
Feb 16, 2014
Closed on
Mar 19, 2014
Sold by
Haugh Brian P and Mckee Roberta L
Bought by
Tolley Christopher G and Tolley Patricia J
Seller's Agent
Bill Wieland
Benson & Mangold, LLC
Buyer's Agent
Marie Wroten
Benson & Mangold, LLC
List Price
$825,000
Sold Price
$825,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$660,000
Interest Rate
4.33%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 16, 2005
Sold by
Adams John J
Bought by
Haugh Brian P and Mckee Roberta L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
5.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 23, 1998
Sold by
Barrett James W
Bought by
Adams John J and Adams Patricia A
Purchase Details
Closed on
May 11, 1994
Sold by
Kolva Dorothy B
Bought by
Barrett James W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
8.53%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schaefer Mary B | $1,675,000 | None Listed On Document | |
| The Craig Mahler 2013 Revocable Trust | $885,000 | Eastern Shore Title Company | |
| Tolley Christopher G | $825,000 | Eastern Shore Title Company | |
| Haugh Brian P | $1,050,000 | -- | |
| Adams John J | $475,000 | -- | |
| Barrett James W | $335,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schaefer Mary B | $750,000 | |
| Previous Owner | Tolley Christopher G | $660,000 | |
| Previous Owner | Haugh Brian P | $780,000 | |
| Previous Owner | Haugh Brian P | $97,500 | |
| Previous Owner | Barrett James W | $335,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2024 04/25/24 | Sold | $1,675,000 | -4.0% | $649 / Sq Ft |
| 03/11/2024 03/11/24 | Price Changed | $1,745,000 | -5.4% | $677 / Sq Ft |
| 02/27/2024 02/27/24 | Price Changed | $1,845,000 | -2.6% | $715 / Sq Ft |
| 02/09/2024 02/09/24 | For Sale | $1,895,000 | +114.1% | $735 / Sq Ft |
| 05/15/2015 05/15/15 | Sold | $885,000 | -4.2% | $382 / Sq Ft |
| 04/28/2015 04/28/15 | Pending | -- | -- | -- |
| 03/26/2015 03/26/15 | For Sale | $924,000 | +12.0% | $399 / Sq Ft |
| 03/21/2014 03/21/14 | Sold | $825,000 | 0.0% | $356 / Sq Ft |
| 02/16/2014 02/16/14 | Pending | -- | -- | -- |
| 02/16/2014 02/16/14 | For Sale | $825,000 | -- | $356 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $12,307 | $1,038,200 | $421,900 | $616,300 |
| 2024 | $12,307 | $996,767 | $0 | $0 |
| 2023 | $9,291 | $955,333 | $0 | $0 |
| 2022 | $8,931 | $913,900 | $421,900 | $492,000 |
| 2021 | $8,792 | $888,267 | $0 | $0 |
| 2020 | $8,792 | $862,633 | $0 | $0 |
| 2019 | $8,763 | $837,000 | $355,500 | $481,500 |
| 2018 | $8,577 | $812,767 | $0 | $0 |
| 2017 | $8,280 | $788,533 | $0 | $0 |
| 2016 | $7,356 | $764,300 | $0 | $0 |
| 2015 | -- | $764,300 | $0 | $0 |
| 2014 | -- | $764,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Clifford Meredith
-
Jennifer Schaub
Buyer's Agent in 2024
Jennifer Schaub
EXP Realty, LLC
(720) 244-5945
1 in this area
167 Total Sales
-
M
Seller's Agent in 2015
Marie Wroten
Benson & Mangold, LLC
-
Cynthia Browne
Buyer's Agent in 2015
Cynthia Browne
Benson & Mangold, LLC
(410) 476-7493
1 in this area
24 Total Sales
-
Bill Wieland
Seller's Agent in 2014
Bill Wieland
Benson & Mangold, LLC
(410) 310-0803
7 in this area
47 Total Sales
-
Bryan Wieland
Seller Co-Listing Agent in 2014
Bryan Wieland
Benson & Mangold, LLC
(410) 829-5913
2 in this area
29 Total Sales
Map
Source: Bright MLS
MLS Number: MDTA2007136
APN: 02-061546
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