NOT LISTED FOR SALE

501 Ferrick Rd Centreville, MD 21617

Estimated Value: $670,000 - $1,522,800

3.15 Acres
$318,709 Price per Acre
137,214 Sq Ft Lot

Last Sold February 29, 2020

Last sale price $200,000

Est. 402% increase in value since last sale

Current estimated payment $6,126/month

761 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Access to Tidal Water
  • Stream or River on Lot
  • Private Dock Site
  • 3.15 Acre Lot
  • No HOA

About This Lot

As of February 2020

Beautiful waterfront building lot overlooking the serene Corsica River. APPROVED PERC. Build your dream home here, surrounded by waterfront and equestrian estates. Rural setting, yet close to town conveniences. Partially wooded with mature hardwoods. Abundant wildlife including deer, turkey, geese, etc. The Corsica River is a very picturesque and tranquil waterway that flows into the Chester River. No builder tie ins to lot, use your builder or ours. Caruso Homes has offered the floor plans with pricing in the mid $900,000's depending on options. MLS#1004417739 is included in this sale. Houses are to be built, attached plans are representation of the planned houses. Not the exact house.

Last Agent to Sell the Property

Mona Mohr

(410) 320-6671 jeannie.mohr@longandfoster.com Long & Foster Real Estate, Inc. Listed on: 01/08/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Mona Mohr

(410) 320-6671 jeannie.mohr@longandfoster.com Long & Foster Real Estate, Inc. Listed on: 01/08/2018

Long & Foster Real Estate, Inc.

Property Details

Property Type

  • Land

Lot Details

  • 3.15 Acre Lot
  • 100 Feet of Waterfront
  • Home fronts navigable water
  • Cost To Obtain Building Permits
  • No Building Permits
  • Property is zoned CS

Property Views

  • Water
  • Scenic Vista

Utilities

  • Well
  • Well Permit Not Applied For
  • Not Applied For Permit
  • Septic Tank
  • No Septic System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 1803031357

Community Details

Overview

  • No Home Owners Association

Recreation

  • Access to Tidal Water
  • Private Water Access
  • River Nearby
  • Private Dock Site
  • Stream or River on Lot

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only, Residential
  • New Construction: No
  • Federal Flood Zone: No
  • Special Assessment Payment: Annually
  • Special Features: None

Interior Features

  • Basement: No
  • Price Per Sq Ft: 2.55

Exterior Features

  • View: Water, Scenic Vista
  • View: Yes
  • Water Access Features: Private Access
  • Water Access: Yes
  • Water Body Name: CORSICA RIVER
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic System, Septic Exists, Not Applied For Permit
  • Water Source: Well, Well Permit Not Applied For

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 3.15
  • Lot Size Area: 137214
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 137214.00
  • Perc Type: Approved
  • Possible Use: Residential
  • Zoning: CS
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5118.72
  • Assessor Parcel Number: 1803031357
  • Tax Lot: 1
  • Tax Page Number: 504
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017

Multi Family

  • Dock Slip Conveyance: None Available
  • 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
Jan 8, 2018
Closed on
Feb 29, 2020
Sold by
Donegan Thomas J and Donegan Rebecca R
Bought by
King Karl and King Jennifer
Seller's Agent
Mona Mohr
Long & Foster Real Estate, Inc.
Buyer's Agent
Mona Mohr
Long & Foster Real Estate, Inc.
List Price
$350,000
Sold Price
$200,000
Premium/Discount to List
-$150,000
-42.86%
Current Estimated Value
$1,003,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$803,933
Avg. Annual Appreciation
32.52%

Purchase Details

Closed on
Aug 18, 2000
Sold by
Anderson Ronald J and Anderson Mona J
Bought by
Donegan Thomas J and Donegan Rebecca R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
King Karl $200,000 Sage Title Group Llc
Donegan Thomas J $298,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Donegan Thomas J --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2020 02/29/20 Sold $200,000 -42.9% --
02/08/2020 02/08/20 Pending -- -- --
01/01/2020 01/01/20 For Sale $350,000 +75.0% --
12/31/2019 12/31/19 Off Market $200,000 -- --
09/30/2019 09/30/19 Price Changed $350,000 -11.4% --
06/13/2019 06/13/19 Price Changed $395,000 -11.2% --
01/08/2018 01/08/18 For Sale $445,000 -- --
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 $10,024 $1,129,000 $0 $0
2024 $9,522 $1,053,600 $353,700 $699,900
2023 $4,058 $459,500 $0 $0
2022 $3,843 $408,000 $0 $0
2021 $1,918 $200,000 $200,000 $0
2020 $1,918 $200,000 $200,000 $0
2019 $4,160 $433,700 $433,700 $0
2018 $5,119 $533,700 $533,700 $0
2017 $5,119 $533,700 $0 $0
2016 -- $533,700 $0 $0
2015 $6,965 $583,700 $0 $0
2014 $6,965 $583,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004420251

Bright MLS

APN: 03-031357