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$613,000

Beds
5
Baths
2.5
sq ft
3,251

40751 Merlin Way, Leonardtown, MD 20650

40751 Merlin Way

LEONARDTOWN, MD 20650

  • 70 days on market
    • Price drop $5,500↓
***PRICE REDUCTION!!!'' Sellers are offering a $3,000 credit to the buyer and a $600 home warranty. Stunning 5-Bedroom Colonial on Over 3 Acres in Leonardtown, MD Welcome to this beautifully maintained 5-bedroom, 2.5-bathroom brick-front Colonial, nestled on a private, secluded road in Leonardtown, Maryland. Situated on over 3 acres of land, this charming home offers both peace and privacy while being just minutes away from local schools, shopping, and attractions. Route 5 connects you to nearby areas in Maryland, and commuting to DC and Virginia is a breeze. As you approach this inviting home, you’ll be greeted by its exceptional curb appeal, with a large front yard and a picturesque brick exterior. Step inside to discover an open and spacious floor plan that blends comfort and functionality. The large master suite features a luxurious jacuzzi tub, a fireplace, and ample space for a relaxing retreat. The upstairs floor also boasts a conveniently located laundry room and three well-sized additional bedrooms ensuring plenty of room for family and guests. The main level offers a versatile bedroom that could easily be transformed into a den or home office, ideal for remote work or quiet study. And an additional fireplace creating a tranquil ambience for the home. The unfinished walk-out basement presents a blank canvas with endless potential for expansion, whether you envision a home theater, gym, or additional living space. Step outside onto the large deck, where you can entertain guests or simply enjoy serene views of your expansive private backyard and acres of lush, natural surroundings. The property is located in a vibrant community with access to incredible amenities, including the Breton Bay, private pier, resident-only pool with lifeguards, swim lessons, canoe storage and use, playgrounds, tennis courts, a clubhouse, and even horse stables. This home has been meticulously maintained by the current owners, and it’s ready for you to ring in the new year in a beautiful new space. Don't miss the opportunity to make this stunning property your own priced perfectly for its location and features!

Details

Property type

Single Family Residence

Est. home value

$618,580

Lot size

3.21 acres

Price per sq ft

$189

Year built

2002

Annual property taxes

$4,860

Monthly HOA fee

$200

Price History

02/16/2025
Bright

Bright #MDSM2022082

Price change
$613,000
-0.89%
01/14/2025
Bright

Bright #MDSM2022082

Listed
$618,500
+14.75%
04/15/2022
Bright

Bright #MDSM2002706

Sold
$539,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

School district: 

ST. MARYS 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

$53,377
Asking price
$613,000
Closing costs (~8% of asking)
-$49,040
Est. remaining loan balance
-$510,583
Cash to seller
$53,377

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

Seller’s Loan History

Lender

Paramount Residential Mortgage Group Inc

Loan start date

April 2022

Original loan amount

$539,000

Est. remaining balance

$510,583

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Lavonne Denise Miles and Wayne Matthews Miles Jr

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 11:35 PM

Listing updated: 02/16/2025 at 3:04 PM

Listed by: Timothy Plummer, Metro City Realty Phone #: (240) 993-9888

MLS: Bright #MDSM2022082

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