NOT LISTED FOR SALE

7314 Drum Point Rd Saint Michaels, MD 21663

Estimated Value: $1,960,000 - $2,184,000

3 Beds
3 Baths
3,623 Sq Ft
$562/Sq Ft Est. Value

Last Sold October 06, 2017

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

Est. 82% increase in value since last sale

Current estimated payment $11,647/month

11 Days on Market

Highlights

  • 200 Feet of Waterfront
  • 3.04 Acre Lot
  • Dual Staircase
  • 2 Dock Slips
  • Open Floorplan
  • Deck

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

(410) 924-1959 foulds@longandfoster.com Long & Foster Real Estate, Inc. Listed on: 07/27/2017

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Barbara Watkins

(410) 310-2021 barb.c.watkins@gmail.com 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 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
  • 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

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

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

  • 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

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
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • 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
$2,035,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$915,321
Avg. Annual Appreciation
7.61%
Original Mortgage
$896,000
Outstanding Balance
$736,683
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,298,638

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 List to Sale Price per Sq Ft
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
2025 $10,789 $1,257,500 $661,800 $595,700
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

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Map

Source: Bright MLS

MLS Number: 1000159723

Bright MLS

APN: 02-087820