NOT LISTED FOR SALE

5418 Ragged Point Rd Cambridge, MD 21613

Estimated Value: $1,071,000 - $1,724,584

6.6 Acres
$204,171 Price per Acre
287,496 Sq Ft Lot

Last Sold April 20, 2017

Last sale price $182,000

Est. 640% increase in value since last sale

Current estimated payment $8,257/month

909 Days on Market

Highlights

  • 400 Feet of Waterfront
  • 6.6 Acre Lot
  • Wooded Lot
  • Bay View
  • Private Lot
  • No HOA

About This Lot

As of April 2017

This is a beautiful waterfront lot on the Chesapeake Bay. The shoreline is rip-rapped. The BIP (septic system) is installed. The building pad has been established. Driveway has been installed but needs top stone. Trees by the road give great privacy. A ready to build site with extraordinary sunsets.

Last Agent to Sell the Property

James Slattery

(410) 778-0330 jim@cbchesapeake.com Coldwell Banker Chesapeake Real Estate Company Listed on: 08/13/2014

Coldwell Banker Chesapeake Real Estate Company

Last Buyer's Agent

Harold Countee

(301) 843-3600 harold.countee@longandfoster.com Long & Foster Real Estate, Inc. License #533481

Long & Foster Real Estate, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,906

Lot Details

  • 6.6 Acre Lot
  • 400 Feet of Waterfront
  • Home fronts navigable water
  • Private Lot
  • Wooded Lot
  • No Building Permits
  • Property is zoned RR

Property Views

  • Bay Views

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 1008187177

Community Details

Overview

  • No Home Owners Association
  • Ragged Point Subdivision

Recreation

  • Water Access
  • Property near a bay
  • Rip-Rap

Property Details

Property Type

Land

Est. Annual Taxes

$1,906

Lot Details

6.6 Acres

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 0.82

Exterior Features

  • Road Surface Type: Black Top
  • View: Water, Bay
  • Water Access: Yes
  • Water Body Name: CHESAPEAKE BAY
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 400

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Rip-Rapped, Trees/Wooded, Private
  • Lot Size Acres: 6.60
  • Lot Size Area: 287496
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 287496.00
  • Possible Use: Residential
  • Zoning: RR

Rental Info

  • Vacation Rental: No

Multi Family

  • Dock Slip Conveyance: None Available
  • Waterfront Features: Rip-Rap

Tax Info

  • Assessor Parcel Number: 5317597
  • Tax Annual Amount: 1906.00
  • Assessor Parcel Number: 1008187177
  • Tax Lot: 7
  • Tax Page Number: 728
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2014
Closed on
Apr 20, 2017
Sold by
Strott Gregory G and Strott Patricia H
Bought by
Corsby Eddie A and Corsby Joann
Seller's Agent
James Slattery
Coldwell Banker Chesapeake Real Estate Company
Buyer's Agent
Harold Countee
Long & Foster Real Estate, Inc.
List Price
$325,000
Sold Price
$182,000
Premium/Discount to List
-$143,000
-44%
Current Estimated Value
$1,347,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,165,528
Avg. Annual Appreciation
25.07%
Original Mortgage
$154,320
Outstanding Balance
$128,732
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,218,796

Purchase Details

Closed on
Jul 28, 2000
Sold by
Wingo Donald M and Wingo Linda C
Bought by
Strott Gregory G and Strott Patricia H

Purchase Details

Closed on
Dec 23, 1993
Sold by
Reigle Margaret Ann
Bought by
Wingo Donald M and Wingo Linda C
Source: Public Records
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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
Corsby Eddie A $182,000 Rgs Title Llc
Crosby Eddie A $182,000 Rgs Title Llc
Strott Gregory G $100,000 --
Wingo Donald M $54,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crosby Eddie A $154,320
Closed Corsby Eddie A $154,320
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2017 04/20/17 Sold $182,000 -44.0% --
02/07/2017 02/07/17 Pending -- -- --
08/13/2014 08/13/14 For Sale $325,000 -- --
Source: Bright MLS

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 $12,673 $1,197,567 $0 $0
2024 $1,855 $1,046,233 $0 $0
2023 $1,855 $166,800 $166,800 $0
2022 $1,855 $166,800 $166,800 $0
2021 $1,887 $166,800 $166,800 $0
2020 $1,887 $169,700 $169,700 $0
2019 $1,776 $159,700 $0 $0
2018 $1,665 $149,700 $0 $0
2017 $1,517 $139,700 $0 $0
2016 -- $139,700 $0 $0
2015 -- $139,700 $0 $0
2014 $26 $175,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003159508

Bright MLS

APN: 08-187177

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