Real Time Real Estate | Eastern Shore March 2010
By Douglas Alan Ross
Historic District, St. Michaels
Primary Structure Built: 1880
Sold for: $1.2 million Original List Price: $1.495 million
Bedrooms: 5 Bathrooms: 3.5
This historic colonial was purchased in 2008 for $600,000, underwent top-to-bottom remodeling, and was put back on the market six months later—with a price tag of $1.495 million. After 348 days, with two significant price drops along the way, the property recently sold for double the amount paid in 2008. “High-end properties are selling, especially those that have been renovated,” says selling agent Elizabeth Foulds. Despite being located on a quaint side street in the heart of town and just a block from the harbor, several other homes in the neighborhood were also for sale at the time—and at the same price point—so buyers had plenty of inventory to choose from. Foulds says this competition dictated the final sales price and was also a factor in the home not selling sooner. Meticulously updated yet retaining its original charm and character, the enormous rooms within 4,070 square feet of living space define this 130-year-old residence. Desirable features include a fabulous gourmet kitchen with butler’s pantry, formal dining room, two master suites, four fireplaces, hardwood floors throughout, and upper and lower rear decks that afford views of the harbor and Miles River. A combination of picket and stockade fencing enclose the beautiful, 1/4-acre lot.
Source (selling agent): Elizabeth Y. Foulds, Lacaze Meredith Real Estate (a Long & Foster Company), 410-924-1959, 410-745-0283, or foulds@longandfoster.com
Springfield (Cooke’s Hope), Easton
Primary Structure Built: 1997
Sold for: $1.125 million Original List Price: $1.395 million
Bedrooms: 4 Bathrooms: 4.5
This 3,691-square-foot home went under contract after 328 days on the market, and sold for $75,000 less than its 2004 purchase price of $1.2 million. (In 2003, it was purchased for $1.1 million.) Encompassing nearly 2-1/2 professionally landscaped acres along Peachblossom Creek, the property features a circular driveway, large fish pond, 230 feet of waterfrontage, deeded boat slip, and an abundance of wildlife and waterfowl. The custom-built house, which incorporates elements found in both Arts and Crafts as well as Cape Cod architectural styles, sits on high ground and is oriented towards the southwest. Except for the living room, all rooms overlook exquisite gardens, an expansive lawn, and the water. A mahogany porch spans the entire front of the house and the waterside features a two-tiered deck. Other special selling points include a first-floor master suite, formal living and dining rooms, sunroom, an open family room with fireplace, vaulted ceiling, and a wall of built-in shelves, and a gourmet kitchen with adjoining breakfast room.
Source (selling agent): Barbara Watkins, AssociateBroker, Benson & Mangold Real Estate, 410-310-2021, 410-822-1415, or bwatkins@bensonandmangold.com
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Eastern Shore Real Estate
Homes For Sale
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