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120 Chester Way

120 Chester Way, Chester, MD 21619
Property in Queen Anne's
Sold Sep 14, 2021
$904,170
$722,200 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2051
Sold Apr 14, 2021
$644,000
120 Chester Way has been categorized by the local assessors in Chester, MD as a residential type of property. The building on the property was first built in 2021 and is 3 years old. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 3 stories. In addition, 120 Chester Way has 3,528 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,164 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a built-in garage for those who require parking. The garage measured 400 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of C- by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of unknown. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 120 Chester Way sold most recently in Sep 10, 2021 for a total of $904,170. If you work out the math, that's approximately a cost of $256.28 per sqft. Before that, the property was also sold for $644,000 in Mar 24, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,965 in taxes each year. 120 Chester Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $739,400. If we break it down further, the land itself was valued at $307,500. Improvements to the property, however, were assessed at a total of $431,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: C-
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Built-in
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,164
  • Total Building Area: 3,528
  • Gross Building Area: 3,528
  • Building Area: 3,528
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 3,528
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GIBSON GRANT SUB
  • Land Acres: 0.119
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 60 - 5,164 SQ FT N/SIDE US RT 301 & 50 GIBSON GRANT SUB

Ownership

  • Current Owner : MCCORMICK NEELY DAVID RUSSELL
  • Current Owner 2: NEELY JENNIFER NOELLE
  • Previous Owner : KHI GIBSONS GRANT LLC
  • Owner Before Previous Owner: WHITES HERITAGE PARTNERS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Queen Annes County Public Schools
  • Census Tract: 810800

Zoning

  • Zoning: CMPD

Geography

  • Assessors Map Reference: 57 3 45
  • Account Number: 119010
  • District: 04
  • Parcel: 04-119010
  • Lot: 60
  • Latitude: 38.9824
  • Longitude: -76.2719

    Address

  • Full Address: 120 Chester Way
  • Address - House Number: 120
  • Address - Street Name: Chester
  • Address - Suffix Type: Way
  • State: MD
  • City Name: Chester
  • Carrier Code: R195
  • 4-Digit Zip Code: 0129
  • Zip Code: 21619

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,965

    Appraisal Valuation

  • Standard Deviation: 0.1668
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 78
  • Final Value: 989,504
  • High Value: 1,154,601
  • Low Value: 824,407

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $722,200
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 14, 2021
  • First Open Lien Mortgage Loan Amount: $722,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $739,400
  • Market Land Value: $307,500
  • Market Improvement Value: $431,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $739,400
  • Assessed Land Value: $307,500
  • Assessed Improvements Value: $431,900

    Sales

  • Current Sale Contract Date: Sep 10, 2021
  • Current Sale Recording Date: Sep 14, 2021
  • Current Sale Transaction ID: 11855587275
  • Current Sale Price: $904,170
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Apr 14, 2021
  • Previous Sale Contract Date: Mar 24, 2021
  • Previous Sale Amount: $644,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 14, 2021
  • First Mortgage Loan Amount: $722,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

About Chester



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Frequently Asked Questions

What neighborhood is 120 Chester Way located in?
The 120 Chester Way is a located in the neighborhood of Queen Anne's in Chester, Chester.
What is the average sales price for listings in 120 Chester Way?
The average sales price for units in 120 Chester Way is $0 currently.

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