tomo logo

$312,000

Beds
3
Baths
2.0
sq ft
1,144

16148 Cobb Island Rd, Newburg, MD 20664

16148 Cobb Island Rd

NEWBURG, MD 20664

  • 27 days on market
Amazing 3 Bedroom 2 Bath Rambler featuring an open concept Living Dining Kitchen Great Room. Primary Bedroom w/attached bath (and barn door entry). Portable Island, Butcherblock Countertops, Gas Range, and subway tiled backsplash highlight the Kitchen. Arriving home here, is like going on vacation EVERYDAY. Enjoy waterviews and convenient access to two Marinas, Public Beach, Southern Park, Restaurants, the Post-Office, the Firehouse, Local Stores, a Food Market, and a Dollar General store. At one of the local marinas, one may launch a boat, jet ski, or kayak, or simply cast a line in the river from the community access area. This location offers the escape everyone deserves. Deck, Level backyard, and Two Car Detached Carport are perfect for outdoor gathering and entertaining. Whether you're seeking a year-round near-island residence, a weekend retreat, or an investment opportunity, this property has it all.

Details

Property type

Single Family Residence

Est. home value

$246,062

Lot size

5 sq ft

Price per sq ft

$273

Year built

2000

Annual property taxes

$2,876

HOA

No

Price History

02/13/2025
Bright

Bright #MDCH2039578

Listed
$312,000
+168.97%
03/06/2018
Bright

Bright #1004658597

Sold
$116,000

Schools & Community

Elementary school: 

DR. THOMAS L. HIGDON

Middle school: 

PICCOWAXEN

High school: 

LA PLATA

School district: 

CHARLES 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

$109,132
Asking price
$312,000
Closing costs (~8% of asking)
-$24,960
Est. remaining loan balance
-$177,908
Cash to seller
$109,132

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

December 2020

Original loan amount

$196,377

Est. remaining balance

$177,908

Interest rate

2.8%

Loan type

FHA, 30 year

Seller

Jonathan E Alejandro and Amy Suzanne Alejandro

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: 03/04/2025 at 12:15 AM

Listing updated: 02/14/2025 at 7:29 PM

Listed by: Steve R Belinky, RE/MAX United Real Estate Phone #: (301) 702-4200

MLS: Bright #MDCH2039578

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