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$2,950,000

Beds
5
Baths
5.5
sq ft
6,491

10373 Locust Point Rd, Princess Anne, MD 21853

10373 Locust Point Rd

PRINCESS ANNE, MD 21853

  • 75 days on market
The Almodington Farm is 203+ acres of tillable and marsh land. This historic farm contains 130 +/- acres of tillable land with the remaining 73+/- acres in marsh and residential components on the Manokin River. There is a 13+/- acre plant-flood impoundment close to the river's edge and a 9+/- acre moist soil impoundment in the southwestern corner of the farm. The farm IS in a conservation easement. The farm yields $8,000 per year for the ag lease, $4,700 per year for cover crop (planted by owner) and $5,900 per year from CREP. Per the Somerset County Historical Trust: "Almodington is one of Somerset County's most elaborate mid-18th Century Georgian Plantation properties consisting of 203 waterfront acres on the Manokin River. This property is improved by the Manor House, Guest House, Garage with apartment above and multiple outbuildings. Recent upgrades include new cedar shake roof, new dock, new geo-thermal heating and air, new Marvin windows and two 10+ acre waterfowl impoundments. Excellent waterfowl, deer, dove and turkey hunting with the Guest House - could be a successful AirBnB Rental. Property has been preserved by a Conservation Easement."

Details

Property type

Est. home value

$2,909,494

Lot size

203.2 acres

Price per sq ft

$455

Year built

1740

Annual property taxes

$9,322

HOA

No

Price History

10/08/2024
Bright

Bright #MDSO2005174

Listed
$2,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

SOMERSET COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Citibank Na

Loan start date

August 2015

Original loan amount

$1,275,000

Est. remaining balance

Not provided

Interest rate

2.75%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Kevin P Barr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 6:15 AM

Listing updated: 10/08/2024 at 6:54 PM

Listed by: Benjamin Alder, The Land Group Phone #: (410) 934-3478

MLS: Bright #MDSO2005174

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