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$815,000

Beds
3
Baths
2.5
sq ft
2,325

1417 School St, Cambridge, MD 21613

1417 School St

CAMBRIDGE, MD 21613

  • 10 days on market
    • Open house Apr 05
Welcome to 1417 School St, a truly unique and exceptional home. This property boasts breathtaking views overlooking Pinks Pond and The Choptank River, offering picturesque scenes across the river to Talbot County. The residence sits on two parcels, combining for a total of .86 acres. As you enter, a spacious foyer greets you, flanked by a formal living room that features a picture window and a wood-burning fireplace. The kitchen is a chef's delight, equipped with quartz countertops, stainless steel appliances, a gas cooktop with a hood, wall oven, recessed lighting, water views, and numerous other amenities. Most of the home showcases stunning hardwood floors. The family room and the river room are highlights, providing views that will captivate you endlessly. From these rooms, you can observe local waterfowl on the pond and river, bald eagles, boats gliding by, and even the occasional cruise ship arriving at the port in Cambridge. The waterside primary suite serves as a wonderful retreat, featuring wood floors, deck access, and a walk-in closet. The adjoining bathroom is beautifully designed with a tiled walk-in shower and a double vanity. Two additional bedrooms are served by a hallway bathroom. The home underwent a thoughtful renovation in 2022. Additional features include a two-car garage, a composite deck, and a gazebo. There are fixed stairs leading to an attic that could be finished to add extra square footage, and a cedar walk-in closet provides ample storage. The home has been utilized as an Air BnB as well as a second residence for the current owners. An added advantage is its county location, which means no city taxes. Conveniently, the property is close to all of Cambridge's amenities: sports fields, tennis courts, a boat ramp, downtown, the yacht club and municipal yacht basin, a farmers market, the YMCA, and much more. The home is being sold fully furnished, making it ready for immediate enjoyment.

Details

Property type

Single Family Residence

Est. home value

$885,449

Lot size

0.86 acres

Price per sq ft

$351

Year built

1964

Annual property taxes

$4,996

HOA

No

Price History

04/03/2025
Bright

Bright #MDDO2009154

Listed
$815,000
-2.4%
09/30/2022
Bright

Bright #MDDO2002946

Sold
$835,000
+81.52%
02/15/2022
Bright

Bright #MDDO2000286

Sold
$460,000

Schools & Community

Elementary school: 

CALL SCHOOL BOARD

Middle school: 

MACES LANE

High school: 

CAMBRIDGE-SOUTH DORCHESTER

School district: 

DORCHESTER 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

$186,855
Asking price
$815,000
Closing costs (~8% of asking)
-$65,200
Est. remaining loan balance
-$562,945
Cash to seller
$186,855

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

Seller’s Loan History

Lender

Contour Mortgage Corp

Loan start date

September 2022

Original loan amount

$584,500

Est. remaining balance

$562,945

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Jeremy Perella and Lia Perella

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: 04/04/2025 at 6:15 AM

Listing updated: 04/03/2025 at 12:13 PM

Listed by: Sydney Johnson Cohee, Sharon Real Estate P.C. Phone #: (410) 228-2525

MLS: Bright #MDDO2009154

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