NOT LISTED FOR SALE

501 Granary Creek Dr Queenstown, MD 21658

Estimated Value: $1,932,637

5 Beds
3.5 Baths
3,544 Sq Ft
$545/Sq Ft Est. Value

Last Sold January 11, 2017

Last sale price $1,195,000 $337 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $10,301/month

Highlights

  • 2,200 Feet of Waterfront
  • 24-Hour Security
  • River View
  • 3 Dock Slips
  • Fishing Allowed
  • 20 Acre Lot

About This Home

As of January 2017

Inviting, private and serene, this contemporary deck house is sited on an exceptional waterfront point of land with heritage oak trees, wonderful elevation, southern exposure and water on three sides. The house was designed to entertain while embracing the unspoiled beauty and abundant wildlife. Located on Wye Island amidst a 2,500 acre resource management area, this is a unique opportunity.

Last Agent to Sell the Property

Coard Benson

Benson & Mangold, LLC License #522455 Listed on: 06/08/2016

Benson & Mangold, LLC

Last Buyer's Agent

Coard Benson

Benson & Mangold, LLC License #522455 Listed on: 06/08/2016

Benson & Mangold, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,437

Year Built

  • Built in 1977

Lot Details

  • 20 Acre Lot
  • 2,200 Feet of Waterfront
  • Home fronts navigable water
  • Southeast Facing Home
  • Landscaped
  • Private Lot
  • Secluded Lot
  • Premium Lot
  • The property's topography is high bank
  • Wooded Lot
  • Backs to Trees or Woods
  • Tidal Wetland on Lot
  • Property is zoned CS

Property Views

  • River
  • Scenic Vista
  • Woods

Home Design

  • Contemporary Architecture
  • Asphalt Roof
  • Cedar

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Beamed Ceilings
  • Ceiling height of 9 feet or more
  • 2 Fireplaces
  • Heatilator
  • Window Treatments
  • Entrance Foyer
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Dining Area
  • Den
  • Workshop
  • Storage Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Eat-In Country Kitchen
  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 3.5 Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Heated Basement
  • Walk-Out Basement
  • Exterior Basement Entry
  • Sump Pump
  • Workshop

Home Security

  • Home Security System
  • Motion Detectors

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • 4 Detached Carport Spaces
  • Basement Garage

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • River Nearby
  • Personal Watercraft
  • Waterski or Wakeboard
  • Sail
  • Bulkhead
  • Swimming Allowed
  • Electric Hoist or Boat Lift
  • 3 Dock Slips
  • Physical Dock Slip Conveys
  • Stream or River on Lot
  • 1 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted
  • Deck

Farming

  • Machine Shed

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Vented Exhaust Fan
  • Geothermal Heating and Cooling
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1805024889

Community Details

Overview

  • No Home Owners Association
  • Wye Island Farms Subdivision

Recreation

  • Fishing Allowed

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,437

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Farm
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1977
  • Remarks Public: Inviting, private and serene, this contemporary deck house is sited on an exceptional waterfront point of land with heritage oak trees, wonderful elevation, southern exposure and water on three sides. The house was designed to entertain while embracing the unspoiled beauty and abundant wildlife. Located on Wye Island amidst a 2,500 acre resource management area, this is a unique opportunity.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven - Double, Refrigerator, Washer, Water Heater
  • Interior Amenities: Family Room Off Kitchen, Kitchen - Country, Combination Kitchen/Living, Kitchen - Island, Kitchen - Table Space, Dining Area, Kitchen - Eat-In, Primary Bath(s), Window Treatments, Wood Floors, Floor Plan - Traditional
  • Fireplace Features: Equipment, Heatilator
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, Beamed Ceilings
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Foyer, Study, Storage Room, Utility Room, Workshop
  • Basement: Yes
  • Basement Type: Outside Entrance, Sump Pump, Walkout Level, Workshop, Heated
  • Living Area Units: Square Feet
  • Street Number Modifier: 501

Beds/Baths

  • Bedrooms: 5
  • Lower Level Bedroom: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 2.00
  • Upper Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: MacHine Shed
  • Other Structures List: Machine Shed
  • Construction Materials: Cedar
  • Dock Type: Multiple Slip
  • Pool Private: No
  • Roof: Asphalt
  • View: Water, River, Scenic Vista, Trees/Woods
  • View: Yes
  • Water Access Features: Private Access, Waterski/Wakeboard, Swimming Allowed, Sail, Canoe/Kayak, Boat - Powered, Fishing Allowed, Personal Watercraft (PWC)
  • Water Access: Yes
  • Water Body Name: WYE EAST RIVER
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 2200

Garage/Parking

  • Carport Spaces: 4
  • Garage: No
  • Open Parking Spaces Count: 4
  • Parking Features: Carport
  • Parking Space Number Assigned: 2
  • Garage Features: Basement Garage
  • Number Of Detached Carport Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Carport

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Geothermal
  • Cooling: Yes
  • Heating Fuel: Geo-Thermal, Electric
  • Heating Type: Geothermal Heat Pump, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Motion Detectors, Security System
  • Sewer/Septic System: Septic Exists
  • 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

Lot Info

  • Wooded Acres: 5.00
  • Improvement Assessed Value: 489400.00
  • Land Assessed Value: 704200.00
  • Lot Features: Backs To Trees, Bulkheaded, Landscaping, Premium, Tidal Wetland, Trees/Wooded, Secluded, Private
  • Lot Size Acres: 20.00
  • Lot Size Area: 871200
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 871200.00
  • Outdoor Living Structures: Deck(s)
  • Property Attached Yn: No
  • Property Condition: Shows Well
  • Remarks Farm: A 20 acre parcel, the pasture area alongside the driveway has been in a CRP program to promote wildlife habitat.
  • Topography: High Bank
  • Year Assessed: 2016
  • Zoning: CS

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4530158
  • Tax Annual Amount: 11437.27
  • Assessor Parcel Number: 1805024889
  • Tax Total Finished Sq Ft: 3544
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015
  • Close Date: 01/11/2017

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Mean Low Water Feet: 6
  • 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

Closed on
Mar 23, 2017
Sold by
The Conservation Fund
Bought by
Department Of Natural Resourses
Current Estimated Value
$1,932,637

Purchase Details

Listed on
Jun 8, 2016
Closed on
Jan 11, 2017
Sold by
Hoffman George W and Hoffman L Louise F
Bought by
The Conservation Fund
Seller's Agent
Coard Benson
Benson & Mangold, LLC
Buyer's Agent
Coard Benson
Benson & Mangold, LLC
List Price
$1,490,000
Sold Price
$1,195,000
Premium/Discount to List
-$295,000
-19.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%

Purchase Details

Closed on
Dec 23, 1997
Sold by
Hall Gregory Steven
Bought by
Hoffman George W and Hoffman Llouise F
Source: Public Records

Range of Values:

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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
Department Of Natural Resourses $1,195,000 None Available
The Conservation Fund $1,195,000 None Available
Hoffman George W $625,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2017 01/11/17 Sold $1,195,000 -14.0% $337 / Sq Ft
11/28/2016 11/28/16 Pending -- -- --
08/03/2016 08/03/16 Price Changed $1,390,000 -6.7% $392 / Sq Ft
08/03/2016 08/03/16 Price Changed $1,490,000 +7.2% $420 / Sq Ft
07/30/2016 07/30/16 Price Changed $1,390,000 -6.7% $392 / Sq Ft
06/08/2016 06/08/16 For Sale $1,490,000 -- $420 / 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 $60 $1,467,767 $0 $0
2024 $60 $1,417,500 $915,000 $502,500
2023 $60 $1,399,700 $0 $0
2022 $60 $1,381,900 $0 $0
2021 $60 $1,364,100 $880,000 $484,100
2020 $60 $1,188,300 $704,200 $484,100
2019 $60 $1,188,300 $704,200 $484,100
2018 $60 $1,193,600 $704,200 $489,400
2017 $60 $1,193,233 $0 $0
2016 -- $1,192,867 $0 $0
2015 $5,364 $1,192,500 $0 $0
2014 $5,364 $1,192,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001034361

Bright MLS

APN: 05-024889