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$284,500

Beds
3
Baths
1.5
sq ft
1,820

305 W Central Ave, Federalsburg, MD 21632

305 W Central Ave

FEDERALSBURG, MD 21632

  • 61 days on market
Welcome to this Stunning Move-In Ready Home! As you enter this well-maintained home you will appreciate the character as well as the bright, airy updates that showcase its charm. The living room features hardwood floors, a fireplace, and unique built-ins throughout. Love enjoying the sun & warmth from inside your home? Then let the sunroom be the place to chase away the winter chill. Another perfect spot to cozy up or complete tasks at the desk area is the family room with wood walls and a beamed ceiling. The formal dining room boasts a coffered ceiling & a built-in corner cabinet. New stainless steel appliances complete the kitchen. A half-bath is conveniently located near the French doors that open to the rear deck. As you ascend the stairs to the second floor, a cedar-lined coat closet is positioned at the landing. The beautifully renovated full bathroom boasts an updated distinctive style. Also on this second level are two bedrooms and an additional office/flex room perfect for a guest room, an office, or whatever suits your needs. The third level boasts a large bedroom. In the basement you will find plenty of storage space with built-in shelves, a washer and dryer, and a sink - there is even a single commode. The large lot with ample off-street parking has a detached single-car garage with workspace, shed, sizable rear yard with floodlights, and patio area. Reason for Selling -- Seller loves the house, but has decided to downsize as the kids have grown up & away. 2018 - HVAC, replacement windows, bathroom renovation. 2022 - Electric Water Heater & Separate Furnace Shut Off Switch. 2023 - Stainless Steel Kitchen Appliances, Outdoor unit for mini-split. 2024 - Oil Tank, Sump Pump.

Details

Property type

Single Family Residence

Est. home value

$277,136

Lot size

0.33 acres

Price per sq ft

$157

Year built

1932

Annual property taxes

$2,759

HOA

No

Price History

02/28/2025
Bright

Bright #MDCM2005182

Listed
$284,500
01/28/2025
Bright

Bright #MDCM2005182

Removed
$284,500
01/10/2025
Bright

Bright #MDCM2005182

Listed
$284,500
+9.42%

Schools & Community

Elementary school: 

FEDERALSBURG

Middle school: 

COLONEL RICHARDSON

High school: 

COLONEL RICHARDSON

School district: 

CAROLINE 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

$41,809
Asking price
$284,500
Closing costs (~8% of asking)
-$22,760
Est. remaining loan balance
-$219,931
Cash to seller
$41,809

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

Seller’s Loan History

Lender

Mortgage Network Inc

Loan start date

March 2022

Original loan amount

$234,000

Est. remaining balance

$219,931

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Mary Heidi Fellon

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: 03/03/2025 at 11:20 PM

Listing updated: 02/28/2025 at 3:29 PM

Listed by: MICHELLE T. T RUARK, McClain-Williamson Realty, LLC Phone #: (443) 225-4100

MLS: Bright #MDCM2005182

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