NOT LISTED FOR SALE

5623 Gates St Royal Oak, MD 21662

Estimated Value: $379,466 - $454,000

3 Beds
2 Baths
1,600 Sq Ft
$261/Sq Ft Est. Value

Last Sold March 24, 2021

Last sale price $306,000 $191 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,440/month

194 Days on Market

Highlights

  • Home fronts navigable water
  • Fishing Allowed
  • Wood Flooring
  • Canoe or Kayak Water Access
  • Colonial Architecture
  • 2-minute walk to Bellevue Park

About This Home

As of March 2021

Affordable Eastern Shore Retreat. Restored farmhouse in water-oriented Village of Bellevue. House was taken down to the studs and renovated providing modern updates including new flooring, high-end kitchen with stainless steel appliances, granite tops, new windows, siding, 2 full baths with glass doors and tasteful tile, Family room off kitchen separate living room/office, large eat-in kitchen and new roof. 3 Bedrooms all with hardwood flooring, huge walk-in closet, laundry on 2nd floor. There are 2 large porches, plenty of windows offering an abundance of natural light throughout the day. The house sits on 2 lots and includes a large shed/outbuilding. Mature landscaping,/shade trees, off-street parking. Great location minutes to the Bellevue Ferry and public beach/picnic areas, St Michaels, Oxford. All for an attainable price.

Last Agent to Sell the Property

Brian Gearhart

Benson & Mangold, LLC License #510143 Listed on: 08/08/2020

Benson & Mangold, LLC

Last Buyer's Agent

Brian Gearhart

Benson & Mangold, LLC License #510143 Listed on: 08/08/2020

Benson & Mangold, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,056

Year Built

  • Built in 1900

Lot Details

  • 0.34 Acre Lot
  • Home fronts navigable water
  • Corner Lot
  • Cleared Lot
  • Property is in excellent condition
  • Property is zoned 110 RESIDENTIAL

Home Design

  • Colonial Architecture
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • Property has 2 Levels
  • Recessed Lighting
  • Double Pane Windows
  • Family Room Off Kitchen
  • Wood Flooring
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Stacked Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Canoe or Kayak Water Access
  • Public Water Access
  • River Nearby
  • Personal Watercraft
  • Sail
  • Swimming Allowed
  • Powered Boats Permitted
  • Outbuilding
  • Porch

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Well
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 17
  • Assessor Parcel Number 2102084325

Community Details

Overview

  • No Home Owners Association
  • Bellevue Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,056

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Affordable Eastern Shore Retreat. Restored farmhouse in water-oriented Village of Bellevue. House was taken down to the studs and renovated providing modern updates including new flooring, high-end kitchen with stainless steel appliances, granite tops, new windows, siding, 2 full baths with glass doors and tasteful tile, Family room off kitchen separate living room/office, large eat-in kitchen and new roof. 3 Bedrooms all with hardwood flooring, huge walk-in closet, laundry on 2nd floor. There are 2 large porches, plenty of windows offering an abundance of natural light throughout the day. The house sits on 2 lots and includes a large shed/outbuilding. Mature landscaping,/shade trees, off-street parking. Great location minutes to the Bellevue Ferry and public beach/picnic areas, St Michaels, Oxford. All for an attainable price.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Front Loading, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Washer/Dryer Stacked
  • Flooring Type: Hardwood
  • Interior Amenities: Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Table Space, Recessed Lighting, Walk-In Closet(s), Wood Floors
  • Window Features: Double Pane
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Upper Floor
  • Total Sq Ft: 1600
  • Living Area Sq Ft: 1600
  • Price Per Sq Ft: 211.88
  • Above Grade Finished Sq Ft: 1600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5623

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Outbuilding(s)
  • Roof: Architectural Shingle
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Public Access, Sail, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Tred Avon
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Private, Well

Condo/Co-op/Association

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

Schools

  • School District: TALBOT COUNTY PUBLIC SCHOOLS
  • School District Key: 121138072466
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 68900.00
  • Land Assessed Value: 72100.00
  • Land Use Code: 110
  • Lot Features: Corner, Cleared
  • Lot Size Acres: 0.34
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14984.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: 110 RESIDENTIAL
  • In City Limits: No

Rental Info

  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5293283
  • Tax Annual Amount: 1056.00
  • Assessor Parcel Number: 2102084325
  • Tax Lot: 17
  • Tax Total Finished Sq Ft: 1600
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 03/24/2021

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2020
Closed on
Mar 24, 2021
Sold by
Shaira Construction Corp 3 Inc
Bought by
Schwarz Mackenzie Thomas
Seller's Agent
Brian Gearhart
Benson & Mangold, LLC
Buyer's Agent
Brian Gearhart
Benson & Mangold, LLC
List Price
$359,000
Sold Price
$306,000
Premium/Discount to List
-$53,000
-14.76%
Current Estimated Value
$417,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,367
Avg. Annual Appreciation
6.23%

Purchase Details

Listed on
Dec 22, 2018
Closed on
Apr 26, 2019
Sold by
Smith Dresella and Thomas Wilnetta
Bought by
Shaira Construction Corp 3 Inc
Seller's Agent
Julie Stevenson
Shore Living Real Estate
Buyer's Agent
Jonathan Ginn
Meredith Fine Properties
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.59%

Purchase Details

Closed on
Sep 22, 2006
Sold by
Thomas Estelle G
Bought by
Tolliver Emmett

Purchase Details

Closed on
Sep 13, 2006
Sold by
Thomas Estelle G
Bought by
Tolliver Emmett

Purchase Details

Closed on
Dec 2, 2004
Sold by
Thomas Estelle G and Thomas Others
Bought by
Thomas Estelle G
Source: Public Records

Range of Values:

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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
Schwarz Mackenzie Thomas $306,000 Eastern Shore Title Co
Shaira Construction Corp 3 Inc $140,000 Venture Title Company Llc
Tolliver Emmett -- --
Tolliver Emmett -- --
Thomas Estelle G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwarz Mackenzie Thomas $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2021 03/24/21 Sold $306,000 -9.7% $191 / Sq Ft
02/11/2021 02/11/21 Price Changed $339,000 -2.9% $212 / Sq Ft
01/07/2021 01/07/21 Price Changed $349,000 -2.8% $218 / Sq Ft
12/16/2020 12/16/20 For Sale $359,000 +17.3% $224 / Sq Ft
11/16/2020 11/16/20 Off Market $306,000 -- --
11/01/2020 11/01/20 Price Changed $359,000 -2.7% $224 / Sq Ft
08/08/2020 08/08/20 For Sale $369,000 +163.6% $231 / Sq Ft
04/26/2019 04/26/19 Sold $140,000 -6.7% $81 / Sq Ft
12/22/2018 12/22/18 For Sale $150,000 -- $87 / 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 $2,045 $272,200 $72,100 $200,100
2024 $2,045 $228,467 $0 $0
2023 $1,566 $184,733 $0 $0
2022 $1,110 $141,000 $72,100 $68,900
2021 $2,149 $141,000 $72,100 $68,900
2020 $4,808 $141,000 $72,100 $68,900
2019 $1,110 $149,400 $74,200 $75,200
2018 $1,064 $149,400 $74,200 $75,200
2017 $1,020 $149,400 $0 $0
2016 -- $155,600 $0 $0
2015 -- $155,600 $0 $0
2014 -- $155,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDTA138784

Bright MLS

APN: 02-084325