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5872 Gibsontown Road

5872 Gibsontown Road, Tilghman, MD 21671
Property in Talbot
Sold Apr 08, 2021
$275,000
$255,000 by The Residuary Trust
Mortgage Due Apr 01, 2026
Sold Jun 02, 1999
Transfer
5872 Gibsontown Road has been categorized by the local assessors in Tilghman, MD as a residential type of property. The building on the property was first built in 1989 and is 35 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 5872 Gibsontown Road has 640 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 26,373 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 640 sqft. According to our sources, there are a total of 2 available parking spaces. Love to swim? You'll be excited to find out that there is a spa or hot tub but no pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of composition shingle. In terms of heating, it is utilizing electric heaters and being fueled with electricity. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5872 Gibsontown Road was last sold in Mar 31, 2021 for $275,000. According to our calculations, that's $429.69 per sqft. Current property owners are expected to pay $3,850 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 5872 Gibsontown Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $450,033. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Built-in
  • Garage Square Area: 640
  • Parking Space Count: 2
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 26,373
  • Total Building Area: 640
  • Gross Building Area: 640
  • Building Area: 640
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Electric
  • Heated Square Feet: 640
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.605
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 2-26,373 SF OFF SOUTH GIBSONTOWN TILGHMAN, PC 5/33I

Ownership

  • Current Owner : CUMMINGS & GOINGS LLC
  • Previous Owner : GORDON C LEE
  • Owner Before Previous Owner: REESER HENRY H
  • Owner Before Previous Owner 2: REESER EVELYN M
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Talbot County Public Schools
  • Census Tract: 960800

Geography

  • Assessors Map Reference: 44A 0 128
  • Account Number: 184991
  • District: 05
  • Parcel: 05-184991
  • Lot: 2
  • Latitude: 38.712
  • Longitude: -76.3339

    Address

  • Full Address: 5872 Gibsontown Rd S
  • Address - House Number: 5872
  • Street Segment Direction: S
  • Address - Street Name: Gibsontown
  • Address - Suffix Type: Rd
  • State: MD
  • City Name: Tilghman
  • Zip Code: 21671

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,850
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2413
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 66
  • Final Value: 599,556
  • High Value: 744,233
  • Low Value: 454,879

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $255,000
  • First Open Lien Mortgage Lender: THE RESIDUARY TRUST
  • First Open Lien Mortgage Recording Date: Apr 08, 2021
  • First Open Lien Mortgage Loan Amount: $255,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2026

    Market Valuation

  • Market Total Value: $462,100
  • Market Land Value: $372,500
  • Market Improvement Value: $89,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $450,033

    Sales

  • Current Sale Contract Date: Mar 31, 2021
  • Current Sale Recording Date: Apr 08, 2021
  • Current Sale Transaction ID: 11836213460
  • Current Sale Price: $275,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jun 02, 1999
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE RESIDUARY TRUST
  • First Mortgage Transaction Date: Apr 08, 2021
  • First Mortgage Loan Amount: $255,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Apr 01, 2026

About Tilghman Island



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Frequently Asked Questions

What neighborhood is 5872 Gibsontown Road located in?
The 5872 Gibsontown Road is a located in the neighborhood of Talbot in Tilghman Island, Tilghman.
What is the average sales price for listings in 5872 Gibsontown Road?
The average sales price for units in 5872 Gibsontown Road is $0 currently.

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