tomo logo

$549,900

Beds
4
Baths
3.5
sq ft
2,418

5718 N Main St, Rock Hall, MD 21661

5718 N Main St

ROCK HALL, MD 21661

  • Coming soon
Welcome to your new home on N. Main St in the picturesque town of Rock Hall! This property currently operates as a successful Airbnb, featuring a first-floor unit and a spacious second/third unit that comfortably accommodates a large group. If you're looking to make it your own, converting it into a private residence is a breeze. This charming home is not only solid and well-maintained but also brims with character. It includes convenient washer and dryer units & kitchens on both the first and second floors. Additionally, there are two extra buildings previously used as offices. The larger one holds the potential for conversion into a cozy tiny house or could remain an office—an excellent opportunity for generating additional income. Located in the heart of Rock Hall, you’ll enjoy the beautiful wraparound porch with elevated views of local parades and festivals. Nestled on the Chesapeake Bay, Rock Hall offers a delightful, down-home ambiance. Showing the property is easy with a little advance notice once it becomes available. Come experience the charm and potential of this special place!

Details

Property type

Single Family Residence

Est. home value

$404,465

Lot size

0.48 acres

Price per sq ft

$228

Year built

1920

Annual property taxes

$4,031

HOA

No

Price History

05/03/2019
Bright

Bright #1000243648

Sold
$320,000

Schools & Community

Elementary school: 

CALL SCHOOL BOARD

Middle school: 

CALL SCHOOL BOARD

High school: 

CALL SCHOOL BOARD

Community features: 

Sidewalks

School district: 

KENT 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

$300,687
Asking price
$549,900
Closing costs (~8% of asking)
-$43,992
Est. remaining loan balance
-$205,221
Cash to seller
$300,687

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

Seller’s Loan History

Lender

Academy Mortgage Corp

Loan start date

February 2022

Original loan amount

$217,000

Est. remaining balance

$205,221

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Sebastian Ferrer and Mary E Ferrer

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: Coming Soon

Tomo last checked: 09/19/2024 at 7:50 PM

Listing updated: 09/19/2024 at 4:06 PM

Listed by: Retha J Arrabal, Doug Ashley Realtors, LLC Phone #: (410) 810-0010

MLS: Bright #MDKE2004466

Bright logo

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