Seller's Agent in 2024
Andrew Beaven
Wright Real Estate
(410) 924-3111
48 Total Sales
3720 Payne Rd Preston, MD 21655
Estimated Value: $409,000 - $462,000
4
Beds
2
Baths
2,304
Sq Ft
$193/Sq Ft
Est. Value
Highlights
- In Ground Pool
- Wood Burning Stove
- Farmhouse Style Home
- 18.59 Acre Lot
- Partially Wooded Lot
- No HOA
About This Home
As of January 2024Price Reduction. Sellers are motivated. 4 bedrooms, 2 1/2 baths two story home on 18+ acres. 6+ acres are in Forest Conservation. Just outside of Preston town limits. Conveniently located approximately 15 minutes from Easton and 1 hour to beaches. This property is being sold to settle an estate. There is an additional expired perc and may be subdividable once re-evaluated, please check with Caroline County Environmental Health. Plenty of room for a large barn and is well suited for a hobby farm.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,231
Year Built
- Built in 1977
Lot Details
- 18.59 Acre Lot
- Rural Setting
- Level Lot
- Partially Wooded Lot
Parking
- 2 Car Attached Garage
- Rear-Facing Garage
- Garage Door Opener
- Driveway
Home Design
- Farmhouse Style Home
- Block Foundation
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,304 Sq Ft Home
- Property has 2 Levels
- Wood Burning Stove
- Wood Burning Fireplace
- Laundry on main level
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Pool
- In Ground Pool
- Vinyl Pool
- Fence Around Pool
Utilities
- Central Air
- Heat Pump System
- Well
- Tankless Water Heater
- Propane Water Heater
- Gravity Septic Field
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 0604003845
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2023
Closed on
Jan 5, 2024
Sold by
Morris Janice Nicole
Bought by
Eames Douglas
Seller's Agent
Andrew Beaven
Wright Real Estate
Buyer's Agent
Heather Brummell
Shore Living Real Estate
List Price
$479,000
Sold Price
$400,000
Premium/Discount to List
-$79,000
-16.49%
Total Days on Market
55
Views
145
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,294
Avg. Annual Appreciation
9.82%
Original Mortgage
$280,000
Outstanding Balance
$276,927
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$175,307
Purchase Details
Closed on
Sep 7, 2001
Sold by
Jones William W and Jones Mary C
Bought by
Frase Emil G and Frase Debra A
Purchase Details
Closed on
Aug 3, 1982
Sold by
Closson William H and Closson Margret V
Bought by
Jones William W and Jones Mary C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
16.65%
Purchase Details
Closed on
Feb 13, 1979
Sold by
Langley James Ray and Langley Eleanor B
Bought by
Closson William H and Closson Margret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,200
Interest Rate
10.43%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Eames Douglas | $400,000 | Community Title Network | |
| Frase Emil G | $180,000 | -- | |
| Jones William W | $180,000 | -- | |
| Closson William H | $165,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Eames Douglas | $280,000 | |
| Previous Owner | Frase Emil G | $181,800 | |
| Previous Owner | Frase Emil G | $150,000 | |
| Previous Owner | Frase Emil G | $85,000 | |
| Previous Owner | Fraser Emil G | $30,000 | |
| Previous Owner | Frase Emil G | $25,000 | |
| Previous Owner | Jones William W | $118,000 | |
| Previous Owner | Closson William H | $131,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/05/2024 01/05/24 | Sold | $400,000 | -10.9% | $174 / Sq Ft |
| 10/21/2023 10/21/23 | Price Changed | $449,000 | -4.3% | $195 / Sq Ft |
| 10/04/2023 10/04/23 | Price Changed | $469,000 | -2.1% | $204 / Sq Ft |
| 09/04/2023 09/04/23 | For Sale | $479,000 | -- | $208 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $3,730 | $336,067 | $0 | $0 |
| 2023 | $3,350 | $301,300 | $139,100 | $162,200 |
| 2022 | $3,231 | $290,367 | $0 | $0 |
| 2021 | $2,992 | $279,433 | $0 | $0 |
| 2020 | $2,992 | $268,500 | $139,100 | $129,400 |
| 2019 | $2,992 | $268,500 | $139,100 | $129,400 |
| 2018 | $2,992 | $268,500 | $139,100 | $129,400 |
| 2017 | $3,007 | $269,900 | $0 | $0 |
| 2016 | -- | $269,400 | $0 | $0 |
| 2015 | $3,123 | $268,900 | $0 | $0 |
| 2014 | $3,123 | $268,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Beaven
-
Heather Brummell
Buyer's Agent in 2024
Heather Brummell
Shore Living Real Estate
(443) 239-9828
147 Total Sales
Map
Similar Homes in Preston, MD
Source: Bright MLS
MLS Number: MDCM2003320
APN: 04-003845
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