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$525,000

Beds
4
Baths
3.0
sq ft
2,275

205 Drovers Way, Stevensville, MD 21666

205 Drovers Way

STEVENSVILLE, MD 21666

  • 177 days on market
    • Price drop $24,000↓
Ready to start your eastern shore life in a quiet water access community? 205 Drovers Way in Tower Gardens is waiting for you to say, "YES TO THE ADDRESS!" Just 1 year after falling in love with this home, life is taking the sellers back to the other side of the bridge. Their loss is YOUR gain! The upper level features three bedrooms and 2 full baths (one bed/bath is the primary suite), sunny living room with views out to the Bay, separate dining and generously sized kitchen. Large entertaining sized deck is steps off the dining room and overlooks the 1 acre lot. Looking for a home office and multiple living spaces? We've got you covered! The lower level family room features a cozy woods stove plus there is a 4th bedroom, 3rd full bath and even a home office or fitness center. BONUS! Three car garage has inside access and is perfect for all your toys or a workshop. Tower Gardens community members enjoy their own private beach along the Chesapeake Bay, boat ramp, ball fields and tot lot for a low annual HOA fee! Move in ready for you to put your own touches on it!

Details

Property type

Single Family Residence

Est. home value

$532,181

Lot size

1.0 acres

Price per sq ft

$231

Year built

1977

Annual property taxes

$3,723

Monthly HOA fee

$6.25

Price History

09/12/2024
Bright

Bright #MDQA2010170

Price change
$525,000
-4.37%
07/28/2024
Bright

Bright #MDQA2010170

Price change
$549,000
-2.83%
07/06/2024
Bright

Bright #MDQA2010170

Listed
$565,000
+8.65%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

QUEEN ANNE'S 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

-$19,821
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$502,821
Cash to seller
-$19,821

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

Seller’s Loan History

Lender

Bay Capital Mortgage Corp

Loan start date

July 2023

Original loan amount

$510,581

Est. remaining balance

$502,821

Interest rate

6.79%

Loan type

FHA, 30 year

Seller

Carrie N Allen and Steven A Wilson

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 6:25 AM

Listing updated: 12/13/2024 at 9:19 AM

Listed by: Tricia Z Wilson, Wilson Realty & Staging LLC Phone #: (410) 304-2250

MLS: Bright #MDQA2010170

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