NOT LISTED FOR SALE

5550 Cove Hall Ln Royal Oak, MD 21662

Estimated Value: $1,107,000 - $4,009,000

3 Beds
2.5 Baths
1,239 Sq Ft
$2,167/Sq Ft Est. Value

Last Sold November 14, 2014

Last sale price $1,100,000 $888 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $15,396/month

178 Days on Market

Highlights

  • 1 Dock Slip
  • Pier
  • Craftsman Architecture
  • Water Views
  • Home fronts navigable water
  • 3-minute walk to Bellevue Park

About This Home

As of November 2014

Fabulous waterfront Craftsman Cottage. Completely restored and updated 3 bedroom home offers spectacular views at the mouth of the Tred Avon & Choptank Rivers. Updated kitchen, 1st floor master bedroom & bath, waterside porch, pier & protected shoreline. Privately located on over 4 acres.

Last Agent to Sell the Property

Barbara Watkins

Benson & Mangold, LLC License #17535 Listed on: 03/14/2014

Benson & Mangold, LLC

Last Buyer's Agent

Schuyler Benson

Benson & Mangold, LLC

Benson & Mangold, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,959

Year Built

  • Built in 1950 | Remodeled in 2013

Lot Details

  • 4.8 Acre Lot
  • Home fronts navigable water
  • Southeast Facing Home
  • Landscaped
  • Private Lot
  • Premium Lot
  • The property's topography is level
  • Property is in very good condition

Home Design

  • Craftsman Architecture
  • Shingle Roof
  • Cedar

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Crown Molding
  • Double Pane Windows
  • Window Treatments
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Wood Flooring
  • Water Views
  • Basement
  • Exterior Basement Entry
  • Home Security System
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Dryer
  • Front Loading Washer

Parking

  • Circular Driveway
  • Gravel Driveway

Outdoor Features

  • Pier
  • Water Access
  • River Nearby
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Stream or River on Lot
  • 2 Powered Boats Permitted
  • 2 Non-Powered Boats Permitted
  • Patio
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2.443
  • Assessor Parcel Number 2102114852

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,959

Year Built

Built in 1950 | Remodeled in 2013

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Craftsman
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1950
  • Year Renovated: 2013
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer, Washer - Front Loading
  • Interior Amenities: Attic, Breakfast Area, Dining Area, Master Bath(s), Crown Moldings, Entry Level Bedroom, Upgraded Countertops, Window Treatments, Wood Floors, Floor Plan - Traditional
  • Window Features: Double Pane
  • Fireplace: No
  • Entry Location: Foyer
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Master Bedroom, Bedroom 2, Bedroom 3, Kitchen, Basement, Foyer
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Cedar
  • Dock Type: Pier (Perpendicular)
  • Roof: Shingle
  • View: Water
  • Water Access: Yes
  • Water Body Name: TRED AVON RIVER
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Circular Driveway, Gravel Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 80600.00
  • Land Assessed Value: 874400.00
  • Lot Features: Landscaping, Premium, Private
  • Lot Size Acres: 4.80
  • Lot Size Area: 209088
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 209088.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Condition: Very Good
  • Topography: Level
  • Year Assessed: 2013

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5959.20
  • Assessor Parcel Number: 2102114852
  • Tax Lot: 2.443
  • Tax Page Number: 25
  • Tax Total Finished Sq Ft: 1239
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013
  • Close Date: 11/14/2014

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Mean Low Water Feet: 2
  • Waterfront Features: Private Dock Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2014
Closed on
Nov 14, 2014
Sold by
The Knapp Foundation Incorporated
Bought by
Bellevue Farm Llc
Seller's Agent
Barbara Watkins
Benson & Mangold, LLC
Buyer's Agent
Schuyler Benson
Benson & Mangold, LLC
List Price
$1,295,000
Sold Price
$1,100,000
Premium/Discount to List
-$195,000
-15.06%
Current Estimated Value
$2,684,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,584,702
Avg. Annual Appreciation
9.34%
Original Mortgage
$1,250,000
Outstanding Balance
$463,938
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,421,805
Source: Public Records

Range of Values:

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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
Bellevue Farm Llc $2,200,000 Venture Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bellevue Farm Llc $1,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2014 11/14/14 Sold $1,100,000 -15.1% $888 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $1,295,000 -- $1,045 / 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 $9,550 $1,093,700 $906,500 $187,200
2024 $9,550 $1,060,233 $0 $0
2023 $8,767 $1,026,767 $0 $0
2022 $7,879 $993,300 $863,400 $129,900
2021 $7,310 $951,533 $0 $0
2020 $6,897 $920,467 $0 $0
2019 $6,667 $889,400 $761,800 $127,600
2018 $6,447 $889,400 $761,800 $127,600
2017 $6,133 $889,400 $0 $0
2016 $6,208 $957,500 $0 $0
2015 $5,335 $956,667 $0 $0
2014 $5,335 $955,833 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Barbara Watkins

    Seller's Agent in 2014

    Barbara Watkins

    Benson & Mangold, LLC

    (410) 310-2021

    197 Total Sales

    Barbara Watkins
    Section Image
  • Schuyler Benson

    Buyer's Agent in 2014

    Schuyler Benson

    Benson & Mangold, LLC

    (410) 310-3251

    27 Total Sales

    Schuyler Benson
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002882150

Bright MLS

APN: 02-114852

Maryland Talbot County Royal Oak 21662

5550 Cove Hall Ln, Royal Oak, MD

This home is located at 5550 Cove Hall Ln, Royal Oak, MD 21662 since 14 March 2014 and is currently estimated at $2,684,702, approximately $2,166 per square foot. This property was built in 1950. 5550 Cove Hall Ln is a home located in Talbot County with nearby schools including St. Michaels Elementary School, St. Michaels Middle/High School, and Easton High School.

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