tomo logo

$674,000

Beds
2
Baths
1.5
sq ft
1,245

139 Knollwood Rd, Elkton, MD 21921

139 Knollwood Rd

ELKTON, MD 21921

  • 212 days on market
    • Price drop $25,000↓
Welcome to yourWATERFRONT dream home, perfectly nestled on a secluded dead-end road near Chesapeake City, MD. This stunningly renovated gem, the only waterfront home available in this price range, invites you to experience a life of luxury and tranquility. Picture yourself in a brand-new kitchen, stepping onto refinished hardwood floors, and enjoying the comfort of a new HVAC system. The nearly acre-sized property boasts a luxurious saltwater inground swimming pool, a three-car detached garage, and a private dock. Sit on your couch as boats pass by, enjoy the refreshing pool, or explore the vibrant nightlife of Chesapeake City. While neighbors launch their boats, you'll find convenience in the nearby marinas, free from tidal concerns. Imagine living in perpetual vacation mode, with an income-producing Airbnb that covers all expenses. Fully furnished and safely out of the flood zone, this haven offers not just a home, but an exceptional lifestyle with the added benefit of rental income. Don’t miss the chance to indulge in this unique retreat.

Details

Property type

Single Family Residence

Est. home value

$440,243

Lot size

0.88 acres

Price per sq ft

$542

Year built

1960

Annual property taxes

$3,030

HOA

No

Price History

09/06/2024
Bright

Bright #MDCC2013048

Price change
$674,000
-3.58%
07/29/2024
Bright

Bright #MDCC2013048

Price change
$699,000
-3.59%
07/19/2024
Bright

Bright #MDCC2013048

Price change
$725,000
-3.33%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CECIL 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

$124,300
Asking price
$674,000
Closing costs (~8% of asking)
-$53,920
Est. remaining loan balance
-$495,780
Cash to seller
$124,300

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

Seller’s Loan History

Lender

Pike Creek Mortgage Services Inc

Loan start date

September 2022

Original loan amount

$512,000

Est. remaining balance

$495,780

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Brian Foraker

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 11:25 AM

Listing updated: 09/21/2024 at 1:26 AM

Listed by: Brian D. Foraker, Foraker Realty Co. Phone #: (484) 406-3004

MLS: Bright #MDCC2013048

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