NOT LISTED FOR SALE

7314 Drum Point Rd Saint Michaels, MD 21663

Estimated Value: $1,715,000 - $2,211,000

3 Beds
3 Baths
3,623 Sq Ft
$560/Sq Ft Est. Value

Last Sold October 06, 2017

Last sale price $1,120,000 $309 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $12,193/month

11 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Open Floorplan
  • Deck
  • 2 Dock Slips
  • Dual Staircase
  • Contemporary Architecture

About This Home

As of October 2017

St Michaels waterfront custom home on 3 acres with stunning wide views and sunsets. Features living room with cathedral ceiling, bookcases, two-story brick fireplace, open to kitchen and dining area. Main floor master suite and bedroom 2, sun room, deck and front porch; workshop, garage, generator. Private pier with boat lift, rip-wrap, electricity and water. Easy access to Easton. 3 x videos

Last Agent to Sell the Property

Elizabeth Foulds

Long & Foster Real Estate, Inc. Listed on: 07/27/2017

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Barbara Watkins

Benson & Mangold, LLC License #17535

Benson & Mangold, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,322

Year Built

  • Built in 1997

Lot Details

  • 3.04 Acre Lot
  • 200 Feet of Waterfront
  • Home fronts navigable water
  • Private Lot
  • Property is in very good condition

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Contemporary Architecture
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Central Vacuum
  • Dual Staircase
  • Built-In Features
  • Wood Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Palladian Windows
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Combination Kitchen and Living
  • Dining Room
  • Workshop
  • Sun or Florida Room
  • Wood Flooring
  • Water Views
  • Home Security System

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • Canoe or Kayak Water Access
  • River Nearby
  • Rip-Rap
  • Electric Hoist or Boat Lift
  • 2 Dock Slips
  • Physical Dock Slip Conveys
  • Stream or River on Lot
  • 1 Powered Boats Permitted
  • Balcony
  • Deck
  • Screened Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Oil Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Built by WILLIAM WROTEN
  • St Michaels Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2102087820

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,322

Year Built

Built in 1997

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2017-07-27
  • Year Built: 1997
  • Remarks Public: St Michaels waterfront custom home on 3 acres with stunning wide views and sunsets. Features living room with cathedral ceiling, bookcases, two-story brick fireplace, open to kitchen and dining area. Main floor master suite and bedroom 2, sun room, deck and front porch; workshop, garage, generator. Private pier with boat lift, rip-wrap, electricity and water. Easy access to Easton. 3 x videos
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Stove, Refrigerator, Microwave, Washer, Dryer, Central Vacuum
  • Interior Amenities: Combination Kitchen/Living, Primary Bath(s), Entry Level Bedroom, Built-Ins, Upgraded Countertops, Wood Floors, Double/Dual Staircase, Floor Plan - Open
  • Window Features: Skylights, Palladian
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French, Sliding Glass
  • Wall Ceiling Types: High, Vaulted Ceilings, Wood Ceilings
  • Entry Location: Hall
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Sun/Florida Room, Laundry, Workshop
  • Basement: No
  • Living Area Units: Square Feet
  • Street Number Modifier: 7314

Beds/Baths

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

Exterior Features

  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Dock Type: Multiple Slip
  • Pool Private: No
  • View: Water
  • View: Yes
  • Water Access Features: Boat - Powered, Canoe/Kayak
  • Water Access: Yes
  • Water Body Name: EDGE CREEK
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 200

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage, Attached, Circular Driveway, Circular Driveway
  • Garage Features: Garage Door Opener, Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Cooling: Yes
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Oil
  • 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

Schools

  • School District: TALBOT COUNTY PUBLIC SCHOOLS
  • Elementary School: CALL SCHOOL BOARD
  • Middle School: CALL SCHOOL BOARD
  • High School: CALL SCHOOL BOARD
  • School District Key: 121138072466
  • Elementary School: CALL SCHOOL BOARD
  • High School: CALL SCHOOL BOARD
  • Middle Or Junior School: CALL SCHOOL BOARD

Lot Info

  • Improvement Assessed Value: 406500.00
  • Land Assessed Value: 587200.00
  • Lot Features: Private
  • Lot Size Acres: 3.04
  • Lot Size Area: 132422
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 132422.00
  • Outdoor Living Structures: Deck(s), Balcony, Porch(es), Screened
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Year Assessed: 2017

Building Info

  • Builder Name: WILLIAM WROTEN

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5293570
  • Tax Annual Amount: 6322.09
  • Assessor Parcel Number: 2102087820
  • Tax Total Finished Sq Ft: 4118
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 10/06/2017

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • 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
Jul 27, 2017
Closed on
Oct 6, 2017
Sold by
Gibson Gloria A
Bought by
Guerra Joseph R and Burda Patricia A
Seller's Agent
Elizabeth Foulds
Long & Foster Real Estate, Inc.
Buyer's Agent
Barbara Watkins
Benson & Mangold, LLC
List Price
$1,195,000
Sold Price
$1,120,000
Premium/Discount to List
-$75,000
-6.28%
Current Estimated Value
$2,027,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$907,294
Avg. Annual Appreciation
7.85%
Original Mortgage
$896,000
Outstanding Balance
$746,127
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,257,892

Purchase Details

Closed on
Jun 23, 2017
Sold by
Gibson Gloria A and The Estate Of James D Gibson
Bought by
Gibson Gloria A

Purchase Details

Closed on
Apr 18, 2000
Sold by
Gibson James D and Gibson Gloria A
Bought by
Gibson James D and Gibson Gloria A

Purchase Details

Closed on
Feb 15, 1995
Sold by
Strausburg Vance C
Bought by
Gibson James D and Gibson Gloria A

Purchase Details

Closed on
Jun 10, 1993
Sold by
Walterhoefer Robert L and Walterhoefer Nancy L
Bought by
Strausburg Vance C
Source: Public Records

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Range of Values:

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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
Guerra Joseph R $1,120,000 Eastern Shore Title Co
Gibson Gloria A -- None Available
Gibson James D -- --
Gibson James D $241,875 --
Strausburg Vance C $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerra Joseph R $896,000
Closed Gibson James D --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2017 10/06/17 Sold $1,120,000 -6.3% $309 / Sq Ft
08/08/2017 08/08/17 Pending -- -- --
07/27/2017 07/27/17 For Sale $1,195,000 -- $330 / 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 $10,789 $1,198,633 $0 $0
2023 $9,725 $1,139,767 $0 $0
2022 $8,569 $1,080,900 $647,100 $433,800
2021 $8,074 $1,051,833 $0 $0
2020 $7,657 $1,022,767 $0 $0
2019 $7,441 $993,700 $587,200 $406,500
2018 $7,113 $982,200 $0 $0
2017 $3,946 $970,700 $0 $0
2016 $3,736 $959,200 $0 $0
2015 $3,443 $959,200 $0 $0
2014 $3,443 $959,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Barbara Watkins

    Buyer's Agent in 2017

    Barbara Watkins

    Benson & Mangold, LLC

    (410) 310-2021

    211 Total Sales

    Barbara Watkins
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000159723

Bright MLS

APN: 02-087820

Maryland Talbot County Saint Michaels 21663

7314 Drum Point Rd, Saint Michaels, MD

This home is located at 7314 Drum Point Rd, Saint Michaels, MD 21663 since 27 July 2017 and is currently estimated at $2,027,294, approximately $559 per square foot. This property was built in 1997. 7314 Drum Point Rd 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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