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$1,295,000

Beds
3
Baths
2.5
sq ft
1,938

104 Mulberry St, Saint Michaels, MD 21663

104 Mulberry St

SAINT MICHAELS, MD 21663

  • 337 days on market
    • Price drop $100,000↓
Located in the heart of St. Michaels' Historic District, the "Keithley House," circa 1786, is one of the town's historic treasures. Records indicate the house was renovated and expanded between 1860 and 1870, when Victorian elements were incorporated, including a wonderful front porch. The house was extensively restored and updated in 2008, with care to preserve the 18th and 19th century charm. Most of the heart-pine floors, center hall stairs, sawn balusters, newel post and banister are believed to be original. This is a very charming and livable house. The downstairs plan includes a comfortable living room w/fireplace; sitting room w/fireplace; dining room; modern kitchen; powder room and laundry area. Upstairs features three bedrooms (one w/fireplace) and two full baths. The house is sited on one of the larger lots and higher elevations in town. Beautifully landscaped, private back yard, with potential to add a swimming pool and/or carriage house (subject to Historic Commission approval). Private driveway/parking area will accommodate 3 cars. Premier location near St. Michaels Harbor, waterfront parks, public boat ramps, a variety of great restaurants, Chesapeake Bay Museum and downtown.

Details

Property type

Single Family Residence

Est. home value

$1,010,532

Lot size

9,156 sq ft

Price per sq ft

$669

Year built

1786

Annual property taxes

$9,666

HOA

No

Price History

11/13/2024
Bright

Bright #MDTA2006816

Price change
$1,295,000
-7.17%
08/28/2024
Bright

Bright #MDTA2006816

Price change
$1,395,000
-2.11%
08/04/2024
Bright

Bright #MDTA2006816

Removed
$1,425,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks, Street Lights

School district: 

TALBOT COUNTY PUBLIC SCHOOLS

Negotiation Insights

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

Seller could get up to

$762,438
Asking price
$1,295,000
Closing costs (~8% of asking)
-$103,600
Est. remaining loan balance
-$428,962
Cash to seller
$762,438

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

First Home Mortgage Corp

Loan start date

October 2020

Original loan amount

$510,400

Est. remaining balance

$428,962

Interest rate

2.93%

Loan type

New Conventional, 20 year

Seller

Betsy Anne Henzy and Knut Fredrik Sjoelin

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: 11/23/2024 at 11:25 PM

Listing updated: 11/13/2024 at 6:09 PM

Listed by: Thomas M Crouch, Benson & Mangold, LLC Phone #: (410) 745-0415

MLS: Bright #MDTA2006816

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