$335,000
SOLD JUN 10, 2022

7273 Ocean Gateway Easton, MD 21601

-- Bed
-- Bath
1,944 Sq Ft
0.45 Acres

Recently Sold

$172 Per Sq Ft

9% Below List Price

18 Days on Market

Highlights

  • Rambler Architecture
  • No Interior Steps
  • Brick Front
  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • 4-minute walk to Stoney Ridge Park

About This Home

As of June 2022

Imagine this, you’re living in a fully renovated, two-bedroom, one-bath home, a garage, a quarter acre of land, back patio, the who deal. You’re enjoying life in your beautiful home, thinking about how happy you are that you made the decision to buy, to call this place home, and bam! It hits you like a bolt of lightning, life is even better than you thought!
Why? Because at least half of your mortgage is being paid every month! That’s right, this home is a stunning duplex where you’re living on one side and renting out the other. This isn’t a dream or even something you have to imagine, this is our newest listing in Easton, MD; it’s 7273 Gateway!
The chance to own income-producing property, one that’s so perfect in location, style, convenience, and more, opportunities like this don’t come about often.
Above and beyond the financial freedom that this property offers, lifestyle and location are next level as well. We’re talking easy commutes, being super close to Downtown Easton where you’ll find places like Docs Downtown Grill, Tiger Lilly, The Wardroom, Bas Rouge, and Bannings Tavern.
And then you’ve got waterfront experiences nearby like Saint Michaels and Oxford. it’s about boating, fining, and dining on the water. I think you get it by now, this is 7273 Gateway in Easton, MD. One of the few multi unit properties available, set to provide you with both lifestyle and income.

Last Agent to Sell the Property

Phil Gerdes

Real Broker, LLC - Annapolis License #0225261065 Listed on: 04/14/2022

Real Broker, LLC - Annapolis

Last Buyer's Agent

Phil Gerdes

Real Broker, LLC - Annapolis License #0225261065 Listed on: 04/14/2022

Real Broker, LLC - Annapolis

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,472

Year Built

  • Built in 1963 | Remodeled in 2020

Lot Details

  • 0.45 Acre Lot

Parking

  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Duplex
  • Rambler Architecture
  • Vinyl Siding
  • Brick Front
  • Stick Built Home
  • Asphalt

Interior Spaces

  • 1,944 Sq Ft Home
  • Crawl Space

Accessible Home Design

  • No Interior Steps
  • More Than Two Accessible Exits

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 2101039008

Community Details

Overview

  • 2 Units
  • 1-Story Building

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,472

Year Built

Built in 1963 | Remodeled in 2020

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: 2+ Access Exits, No Stairs
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Imagine this, you’re living in a fully renovated, two-bedroom, one-bath home, a garage, a quarter acre of land, back patio, the who deal. You’re enjoying life in your beautiful home, thinking about how happy you are that you made the decision to buy, to call this place home, and bam! It hits you like a bolt of lightning, life is even better than you thought! Why? Because at least half of your mortgage is being paid every month! That’s right, this home is a stunning duplex where you’re living on one side and renting out the other. This isn’t a dream or even something you have to imagine, this is our newest listing in Easton, MD; it’s 7273 Gateway! The chance to own income-producing property, one that’s so perfect in location, style, convenience, and more, opportunities like this don’t come about often. Above and beyond the financial freedom that this property offers, lifestyle and location are next level as well. We’re talking easy commutes, being super close to Downtown Easton where you’ll find places like Docs Downtown Grill, Tiger Lilly, The Wardroom, Bas Rouge, and Bannings Tavern. And then you’ve got waterfront experiences nearby like Saint Michaels and Oxford. it’s about boating, fining, and dining on the water. I think you get it by now, this is 7273 Gateway in Easton, MD. One of the few multi unit properties available, set to provide you with both lifestyle and income.
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 1944
  • Living Area Sq Ft: 1944
  • Price Per Sq Ft: 179.99
  • Above Grade Finished Sq Ft: 1944
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7273

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asphalt, Brick Front, Combination, Concrete, Stick Built, Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split, Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Septic Tank
  • Water Source: Public

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: 121500.00
  • Land Assessed Value: 59100.00
  • Land Use Code: R
  • Lot Size Acres: 0.45
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19778.00
  • Year Assessed: 2022
  • Zoning: R
  • In City Limits: No

Rental Info

  • Rent Control: No
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5285097
  • Tax Annual Amount: 1472.00
  • Assessor Parcel Number: 2101039008
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/10/2022

Multi Family

  • Number Of Units Vacant: 1

MLS Schools

  • School District Name: TALBOT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
Jun 9, 2022
Sold by
Crum Arthur E
Bought by
Seiden Jacob David and Seiden Caroline Honig
Seller's Agent
Phil Gerdes
Real Broker, LLC - Annapolis
Buyer's Agent
Phil Gerdes
Real Broker, LLC - Annapolis
List Price
$369,900
Sold Price
$335,000
Premium/Discount to List
-$34,900
-9.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%
Original Mortgage
$251,250
Outstanding Balance
$240,944
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$191,732

Purchase Details

Listed on
Mar 22, 2019
Closed on
Aug 16, 2019
Sold by
Seville Stephen D
Bought by
Crum Arthur E
Seller's Agent
Julia Mattis
Hyatt & Company Real Estate, LLC
Buyer's Agent
Arthur Crum
Taylor Properties
List Price
$269,900
Sold Price
$242,500
Premium/Discount to List
-$27,400
-10.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.19%
Original Mortgage
$194,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2004
Sold by
Battcock Peter J
Bought by
Seville Stephen D

Purchase Details

Closed on
Jul 22, 2004
Sold by
Battcock Peter J
Bought by
Seville Stephen D

Purchase Details

Closed on
Oct 18, 2002
Sold by
Vanbourdondien Donald and Vanbourdondien Judy L
Bought by
Battcock Peter J and Bakker Rewa E

Purchase Details

Closed on
Nov 22, 1991
Sold by
Wieland William E and Wieland Rebecca D
Bought by
Vanbourdondien Donald and Vanbourdondien Judy 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 Type Sale Price Title Company
Deed $335,000 Mcintyre J Kevin
Deed $242,500 Liberty T&E Of Md Llc
Deed $208,000 --
Deed $208,000 --
Deed $150,000 --
Deed $112,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $251,250 New Conventional
Previous Owner $194,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Price Changed $449,999 0.0% $231 / Sq Ft
02/25/2025 02/25/25 Price Changed $449,999 -6.3% $231 / Sq Ft
01/29/2025 01/29/25 Price Changed $479,999 0.0% $247 / Sq Ft
01/29/2025 01/29/25 Price Changed $479,999 -4.0% $247 / Sq Ft
01/01/2025 01/01/25 Price Changed $499,999 0.0% $257 / Sq Ft
01/01/2025 01/01/25 For Sale $499,999 +11.1% $257 / Sq Ft
01/01/2025 01/01/25 For Sale $449,999 +34.3% $231 / Sq Ft
06/10/2022 06/10/22 Sold $335,000 0.0% $172 / Sq Ft
06/10/2022 06/10/22 Sold $335,000 -4.3% $172 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
05/02/2022 05/02/22 Pending -- -- --
04/27/2022 04/27/22 Price Changed $349,900 0.0% $180 / Sq Ft
04/27/2022 04/27/22 Price Changed $349,900 -5.4% $180 / Sq Ft
04/14/2022 04/14/22 For Sale $369,900 0.0% $190 / Sq Ft
03/31/2022 03/31/22 For Sale $369,900 +52.5% $190 / Sq Ft
08/20/2019 08/20/19 Sold $242,500 -10.2% $125 / Sq Ft
06/05/2019 06/05/19 Pending -- -- --
03/22/2019 03/22/19 For Sale $269,900 -- $139 / 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
2024 $1,677 $180,600 $59,100 $121,500
2023 $1,591 $180,600 $59,100 $121,500
2022 $1,482 $180,600 $59,100 $121,500
2021 $3,160 $191,600 $73,900 $117,700
2020 $1,442 $184,433 $0 $0
2019 $1,377 $177,267 $0 $0
2018 $1,271 $170,100 $73,900 $96,200
2017 $1,181 $170,100 $0 $0
2016 $1,167 $170,100 $0 $0
2015 $1,184 $172,300 $0 $0
2014 $1,184 $172,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDTA2002686

Bright MLS

APN: 01-039008