NOT LISTED FOR SALE

7108 Drum Point Rd Saint Michaels, MD 21663

Estimated Value: $1,613,000 - $1,958,000

3 Beds
3 Baths
3,078 Sq Ft
$579/Sq Ft Est. Value

Last Sold October 21, 2019

Last sale price $1,000,000 $325 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $10,470/month

125 Days on Market

Highlights

  • 500 Feet of Waterfront
  • Pier
  • 4.86 Acre Lot
  • 1 Dock Slip
  • Fishing Allowed
  • Creek or Stream View

About This Home

As of October 2019

Sunsets and broad water views! A bright and sunny contemporary with open floorplan, hidden away on 4+ acres between Easton and St. Michaels. This pastoral setting provides privacy so you can enjoy the peace and quiet of the Eastern Shore. Every room in this home offers views of the water. Generous living/dining w/fireplace opens to waterside deck as does the family/game room with fireplace. Wake up to the gentle sound of water lapping at the shoreline from each of the 3 bedrooms. 1st floor owners suite has full bath and abundant closet space. Loads of storage throughout including utility room and attached 2 car garage. Waterside pergola and plenty of room for a pool. Private pier with lift.

Last Agent to Sell the Property

Wink Cowee

Benson & Mangold, LLC Listed on: 04/29/2019

Benson & Mangold, LLC

Last Buyer's Agent

Connie Harvey

William C. Harvey & Associates, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,713

Year Built

  • Built in 1977

Lot Details

  • 4.86 Acre Lot
  • 500 Feet of Waterfront
  • Home fronts navigable water
  • Creek or Stream
  • Picket Fence
  • Partially Fenced Property
  • Private Lot
  • Side Yard

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,078 Sq Ft Home
  • Property has 2 Levels
  • 2 Fireplaces
  • Entrance Foyer
  • Family Room
  • Sitting Room
  • Living Room
  • Sun or Florida Room
  • Utility Room
  • Laundry Room
  • Creek or Stream Views

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Outdoor Features

  • Pier
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Rip-Rap
  • Electric Hoist or Boat Lift
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • 1 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted
  • Deck
  • Porch

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot VIII
  • Assessor Parcel Number 02-078120

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,713

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1977
  • Remarks Public: Sunsets and broad water views! A bright and sunny contemporary with open floorplan, hidden away on 4+ acres between Easton and St. Michaels. This pastoral setting provides privacy so you can enjoy the peace and quiet of the Eastern Shore. Every room in this home offers views of the water. Generous living/dining w/fireplace opens to waterside deck as does the family/game room with fireplace. Wake up to the gentle sound of water lapping at the shoreline from each of the 3 bedrooms. 1st floor owners suite has full bath and abundant closet space. Loads of storage throughout including utility room and attached 2 car garage. Waterside pergola and plenty of room for a pool. Private pier with lift.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Sun/Florida Room, Laundry, Utility Room, Bathroom 2, Bathroom 3, Primary Bathroom
  • Basement: No
  • Total Sq Ft: 3078
  • Living Area Sq Ft: 3078
  • Price Per Sq Ft: 381.74
  • Above Grade Finished Sq Ft: 3078
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7108

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • View: Creek/Stream
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Private Access
  • Water Access: Yes
  • Water Body Name: EDGE & BROAD CREEK
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 500

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Private

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

  • Fencing: Partially, Picket
  • Improvement Assessed Value: 269600.00
  • Land Assessed Value: 760000.00
  • Land Use Code: 110
  • Lot Features: Private, Rip-Rapped, Sideyard(s)
  • Lot Size Acres: 4.86
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 211702.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Year Assessed: 2019
  • Zoning: R
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5292770
  • Tax Annual Amount: 7713.00
  • Assessor Parcel Number: 02-078120
  • Tax Lot: VIII
  • Tax Page Number: 170
  • Tax Total Finished Sq Ft: 3078
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2019
  • Close Date: 10/21/2019

Multi Family

  • Federal Flood Zone: X
  • Mean Low Water Feet: 3
  • Waterfront Features: Private Dock Site, Rip-Rap

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2019
Closed on
Oct 21, 2019
Sold by
Myers Jefferson M and Myers Nancy B
Bought by
Fallon Andrew Michael and Fallon Sonja Vegard
Seller's Agent
Wink Cowee
Benson & Mangold, LLC
Buyer's Agent
Connie Harvey
William C. Harvey & Associates, Inc
List Price
$1,175,000
Sold Price
$1,000,000
Premium/Discount to List
-$175,000
-14.89%
Current Estimated Value
$1,781,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$781,076
Avg. Annual Appreciation
10.31%
Original Mortgage
$800,000
Outstanding Balance
$702,517
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$1,078,559

Purchase Details

Closed on
May 28, 2009
Sold by
Smith M. Kasin
Bought by
Myers Nancy B and Myers Jefferson M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$873,750
Interest Rate
4.82%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 28, 2002
Sold by
Letts Miles H
Bought by
Smith M Kasin M and Smith Karen L
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
Fallon Andrew Michael $1,000,000 Eastern Shore Title Company
Myers Nancy B $1,165,000 --
Smith M Kasin M $830,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fallon Andrew Michael $800,000
Closed Fallon Andrew Michael $800,000
Previous Owner Myers Nancy B $873,750
Previous Owner Smith Michael Kasin $85,000
Previous Owner Smith M Kasin $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2019 10/21/19 Sold $1,000,000 -14.9% $325 / Sq Ft
09/01/2019 09/01/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $1,175,000 -- $382 / 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 $10,094 $1,184,400 $745,700 $438,700
2024 $10,094 $1,121,000 $0 $0
2023 $9,047 $1,057,600 $0 $0
2022 $7,886 $994,200 $729,100 $265,100
2021 $7,635 $994,200 $729,100 $265,100
2020 $7,445 $994,200 $729,100 $265,100
2019 $7,708 $1,029,600 $760,000 $269,600
2018 $7,001 $1,023,067 $0 $0
2017 $6,717 $1,016,533 $0 $0
2016 $6,551 $1,010,000 $0 $0
2015 $6,808 $1,010,000 $0 $0
2014 $6,808 $1,010,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDTA135100

Bright MLS

APN: 02-078120