NOT LISTED FOR SALE

8348 Newark Rd Newark, MD 21841

Estimated Value: $308,000 - $410,000

4 Beds
2 Baths
2,500 Sq Ft
$141/Sq Ft Est. Value

Last Sold September 24, 2019

Last sale price $195,000 $78 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,035/month

5 Days on Market

Highlights

  • 1.68 Acre Lot
  • Colonial Architecture
  • Wood Flooring
  • Snow Hill Elementary School Rated A
  • Traditional Floor Plan
  • Attic

About This Home

As of September 2019

Did George Washington once sleep here? Probably not, but this beautiful home was originally built in 1780 and is believed to have once been a tavern, so anything is possible! The location is hard to beat: 10 minutes to Berlin; 20 minutes to Assateague Island; 25 minutes to Ocean City; 30 minutes to Salisbury; 55 minutes to Rehoboth; While the house itself is almost 240 years old, it has been lovingly maintained and updated throughout the years. So you get all of the modern comforts like central air conditioning, baseboard ambient heat, new kitchen appliances, 200 amp electric service, modern bathrooms, etc.--while also getting tons of historic charm that you just can't get in a newer home. Not to mention almost 1.7 acres of land! The front entry hall contains a lovely staircase and access to a large formal dining room (where you can fit a dozen friends and family easily!) and amazing library. The library is a perfect retreat for any owner, featuring a wall of built-in shelves that can host an impressive collection of books. To the rear of the foyer is a spacious living room with wood-burning fireplace and access to the back yard. A hallway which accesses a bathroom w/ shower and pantry closet leads to the kitchen, which has modern appliances and is spacious for a house this age. The second floor houses 4 good-sized bedrooms that can be configured in a variety of ways to suit different lifestyles, as well as a large hall bath with shower tub. Fixed stairs lead to the unfinished attic, which has a generous amount of storage space. If you want great space with historic charm at an unbeatable price, call to schedule a showing today!

Last Agent to Sell the Property

Mark Decker

(503) 467-6060 markdeckerhomes@gmail.com Berkshire Hathaway HomeServices PenFed Realty - OP License #664030 Listed on: 08/30/2019

Berkshire Hathaway HomeServices PenFed Realty - OP

Co-Listed By

Dan O'Hare

(646) 644-7173 dan.ohare.homes@gmail.com Berkshire Hathaway HomeServices PenFed Realty - OP License #654308

Last Buyer's Agent

Lauren Bunting

(410) 422-9899 lwbunting@comcast.net Keller Williams Realty Delmarva License #581537

Keller Williams Realty Delmarva

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,352

Year Built

  • Built in 1780

Lot Details

  • 1.68 Acre Lot
  • Property is zoned R-2

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2,500 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Wood Burning Fireplace
  • Brick Fireplace
  • Formal Dining Room
  • Crawl Space
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Stacked Washer and Dryer

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Shed
  • Outbuilding
  • Outdoor Grill

Utilities

  • Central Air
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Oil Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 161
  • Assessor Parcel Number 04-001567

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,352

Year Built

Built in 1780

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: See MLS Docs
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1780
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater
  • Flooring Type: Hardwood, Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: Attic, Built-Ins, Carpet, Chair Railings, Crown Moldings, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Pantry, Stall Shower, Tub Shower, Walk-In Closet(s), Wood Floors
  • Other Equipment: Negotiable
  • Fireplace Features: Wood, Brick
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2500
  • Living Area Sq Ft: 2500
  • Price Per Sq Ft: 79.16
  • Above Grade Finished Sq Ft: 2500
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Aluminum Siding
  • Exterior Features: Bbq Grill, Outbuilding(s)
  • Roof: Asphalt, Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, On Street, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 1.68
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 73181.00
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5392768
  • Tax Annual Amount: 1352.00
  • Assessor Parcel Number: 04-001567
  • Tax Lot: 161
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2019
Closed on
Sep 24, 2019
Sold by
Lankford Michael and Lankford Barbara
Bought by
White Frank P and White Jerry S
Seller's Agent
Mark Decker
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Lauren Bunting
Keller Williams Realty Delmarva
List Price
$197,900
Sold Price
$195,000
Premium/Discount to List
-$2,900
-1.47%
Current Estimated Value
$351,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,623
Avg. Annual Appreciation
9.78%
Original Mortgage
$150,000
Outstanding Balance
$131,117
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$220,506

Purchase Details

Listed on
Jul 23, 2015
Closed on
Mar 29, 2016
Sold by
Fannie Mae
Bought by
Lankford Michael and Lankford Barbara
Seller's Agent
Sheri Smith
Keller Williams Realty Delmarva
Buyer's Agent
William Brown
Keller Williams Realty
List Price
$154,900
Sold Price
$151,750
Premium/Discount to List
-$3,150
-2.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Original Mortgage
$174,752
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 5, 2015
Sold by
Waggoner Brian Russell and Waggoner Christine Elizabeth
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 10, 2005
Sold by
Brown Kenneth W and Brown Carrie L
Bought by
Russell Waggoner Brian and Waggoner Christine Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,900
Interest Rate
6.07%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 19, 1997
Sold by
Hunker Cecil T
Bought by
Brown Kenneth W and Brown Carrie L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
White Frank P $195,000 Ocean Investments Title Corp
Lankford Michael $151,750 Mid Atlantic Title & Escrow
Federal National Mortgage Association $229,000 None Available
Russell Waggoner Brian $285,000 --
Brown Kenneth W $87,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Frank P $150,000
Previous Owner Lankford Michael $174,752
Previous Owner Russell Waggoner Brian $27,900
Closed Brown Kenneth W --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2019 09/24/19 Sold $195,000 -1.5% $78 / Sq Ft
09/04/2019 09/04/19 Pending -- -- --
08/30/2019 08/30/19 For Sale $197,900 +30.4% $79 / Sq Ft
03/29/2016 03/29/16 Sold $151,750 -2.0% $75 / Sq Ft View Prior Sale
02/04/2016 02/04/16 Pending -- -- --
07/23/2015 07/23/15 For Sale $154,900 -- $77 / 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 $2,581 $279,700 $57,500 $222,200
2024 $2,392 $251,067 $0 $0
2023 $2,119 $222,433 $0 $0
2022 $1,846 $193,800 $57,500 $136,300
2021 $1,692 $176,800 $0 $0
2020 $1,529 $159,800 $0 $0
2019 $1,367 $142,800 $57,500 $85,300
2018 $1,349 $142,800 $57,500 $85,300
2017 $1,431 $142,800 $0 $0
2016 $1,431 $151,100 $0 $0
2015 $1,219 $151,300 $0 $0
2014 $1,219 $151,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO108688

Bright MLS

APN: 04-001567