NOT LISTED FOR SALE

7867 Follys Cove Rd Saint Michaels, MD 21663

Estimated Value: $2,380,000 - $2,864,000

5 Beds
6 Baths
4,851 Sq Ft
$552/Sq Ft Est. Value

Last Sold December 02, 2016

Last sale price $1,575,000 $325 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $15,146/month

399 Days on Market

Highlights

  • 500 Feet of Waterfront
  • Pier
  • Guest House
  • 4 Dock Slips
  • Boat or Launch Ramp
  • Eat-In Gourmet Kitchen

About This Home

As of December 2016

MAJOR PRICE REDUCTION! OVER ONE MILLION DOLLARS SPENT ON BEAUTIFUL RENOVATED WATERFRONT PROPERTY ON SOUGHT AFTER SAN DOMINGO CREEK.DEEP WATER PIER WITH BOAT LIFT,WATER ACCESS RAMP, GUEST HOUSE, FIRST FLOOR MASTER SUITE WITH ADDITIONAL MASTER SUITE ON 2ND FLOOR. VERY OPEN FLOOR PLAN PROVIDES WATER VIEWS FROM ALL ROOMS.

Last Agent to Sell the Property

Glenn Sutton

(410) 507-4370 gsutton@ttrsir.com TTR Sotheby's International Realty Listed on: 09/14/2015

TTR Sotheby's International Realty

Last Buyer's Agent

Eugene Smith

(410) 443-1571 gene.smith@sothebysrealty.com TTR Sotheby's International Realty License #634752

TTR Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,343

Year Built

  • Built in 1961 | Remodeled in 2007

Lot Details

  • 3.1 Acre Lot
  • 500 Feet of Waterfront
  • Home fronts navigable water
  • Creek or Stream
  • Property is in very good condition
  • Property is zoned W2

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Composition Roof
  • Shingle Siding

Interior Spaces

  • Property has 2 Levels
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • 2 Fireplaces
  • Window Treatments
  • Family Room Off Kitchen
  • Dining Area
  • Wood Flooring
  • Water Views
  • Crawl Space
  • Dryer

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Cooktop
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • En-Suite Bathroom

Home Security

  • Monitored
  • Fire and Smoke Detector

Parking

  • Garage
  • Front Facing Garage
  • Garage Door Opener

Outdoor Features

  • Pier
  • Water Access
  • Electric Hoist or Boat Lift
  • Boat or Launch Ramp
  • Boat Ramp
  • 4 Dock Slips
  • Physical Dock Slip Conveys
  • 3 Powered Boats Permitted
  • 3 Non-Powered Boats Permitted

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Halls are 36 inches wide or more
  • Guest House
  • Property is near a creek

Community Details

  • No Home Owners Association
  • Beverly Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2102075822

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,343

Year Built

Built in 1961 | Remodeled in 2007

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Accessibility Features: 36"+ Wide Halls
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1961
  • Year Renovated: 2007
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer
  • Interior Amenities: Kitchen - Table Space, Kitchen - Gourmet, Dining Area, Kitchen - Eat-In, Breakfast Area, Family Room Off Kitchen, Kitchen - Island, Built-Ins, Upgraded Countertops, Crown Moldings, Window Treatments, Primary Bath(s), Wet/Dry Bar, Wood Floors
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 6750
  • Living Area Sq Ft: 4851
  • Price Per Sq Ft: 324.68
  • Above Grade Finished Sq Ft: 4851
  • Above Grade Unfinished Sq Ft: 1899
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Guest House
  • Construction Materials: Combination, Brick, Shingle Siding
  • Dock Type: Pier (Perpendicular)
  • Construction Completed: No
  • Exterior Features: Satellite Dish
  • Roof: Composite
  • View: Water
  • Water Access: Yes
  • Water Body Name: SAN DOMINGO CREEK
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 500

Garage/Parking

  • Garage: No
  • Parking Features: Garage, Attached, Detached
  • Garage Features: Garage Door Opener, Garage - Front Entry

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Electric Alarm, Monitored, Smoke Detector, Security System
  • Sewer/Septic System: Septic Exists
  • Utilities: Cable Tv Available
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 465400.00
  • Land Assessed Value: 840200.00
  • Lot Size Acres: 3.10
  • Lot Size Area: 135036
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 135036.00
  • Property Condition: Very Good
  • Zoning: W2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5292575
  • Tax Annual Amount: 8342.78
  • Assessor Parcel Number: 2102075822
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

Multi Family

  • Dock Slip Conveyance: Deeded
  • Waterfront Features: Boat/Launch Ramp, Private Dock Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2015
Closed on
Dec 2, 2016
Sold by
Jeff Wilkongson
Bought by
Evans Brian George and Evans Joan M
Seller's Agent
Glenn Sutton
TTR Sotheby's International Realty
Buyer's Agent
Eugene Smith
TTR Sotheby's International Realty
List Price
$1,975,000
Sold Price
$1,575,000
Premium/Discount to List
-$400,000
-20.25%
Current Estimated Value
$2,677,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,102,928
Avg. Annual Appreciation
6.10%
Original Mortgage
$1,260,000
Outstanding Balance
$979,657
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,698,271

Purchase Details

Closed on
Nov 6, 2007
Sold by
Johnson John D
Bought by
Majors Matthew Jason Trustee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,500
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2007
Sold by
Johnson John D
Bought by
Majors Matthew Jason Trustee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,500
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 1985
Sold by
Somers Francis E and Somers Ann K
Bought by
Johnson John D
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
Evans Brian George $1,575,000 Eastern Shore Title Co
Majors Matthew Jason Trustee $1,740,000 --
Majors Matthew Jason Trustee $1,740,000 --
Johnson John D $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Evans Brian George $1,260,000
Previous Owner Majors Matthew Jason Trustee $999,500
Previous Owner Majors Matthew Jason Trustee $999,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2016 12/02/16 Sold $1,575,000 0.0% $325 / Sq Ft
10/17/2016 10/17/16 Pending -- -- --
10/12/2016 10/12/16 Price Changed $1,575,000 -16.0% $325 / Sq Ft
05/01/2016 05/01/16 Price Changed $1,875,000 -5.1% $387 / Sq Ft
09/14/2015 09/14/15 For Sale $1,975,000 -- $407 / 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 $12,549 $1,631,600 $841,300 $790,300
2024 $12,549 $1,558,333 $0 $0
2023 $11,757 $1,485,067 $0 $0
2022 $10,787 $1,411,800 $822,300 $589,500
2021 $9,698 $1,354,633 $0 $0
2020 $9,698 $1,297,467 $0 $0
2019 $9,273 $1,240,300 $746,600 $493,700
2018 $8,967 $1,240,300 $746,600 $493,700
2017 $8,529 $1,240,300 $0 $0
2016 $8,450 $1,305,600 $0 $0
2015 $8,508 $1,305,600 $0 $0
2014 $8,508 $1,305,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002720108

Bright MLS

APN: 02-075822