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11105 Saint Martins Neck Rd

Bishopville, MD 21813

4 beds · 3 baths · 1,920 sqft

$549,900

$1,702/mo at 4.63% with Roam

$1,612/mo at 7% with a bank loan

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About this home

Welcome to 11105 Saint Martin's Neck Dr. - where you'll find the perfect combination of Coastal Convenience and Rural Relaxation! This ideal Farmette location offers 11.45 acres for all your Homestead Dreams to come true while keeping a close proximity to the Beach, with only a 12 minute drive into Ocean City! Large Front and Back Decks allow you to enjoy the beautiful views of this spectacular location with its well established structures for all things Homesteading! A producing Apple Orchard and nearly 1,000sqft of Garden Enclosure greet you as you come up the long, tree-lined driveway. In the back yard, a Storage Shed has been converted to a Walk-In Chicken Coop with wire-enclosed chicken tunnels to allow for free-ranging nearby. Enjoy cool nights by a large stone Fire Pit in the back yard - and during the day, a handmade wooden Playset next to the garden, with both a Sand Enclosure and a Tree Swing make the perfect space for kids or goats to run and enjoy the sunshine. Inside the home, a very spacious Eat-In Kitchen is laid out in traditional country style with a farmer's sink, open shelves, Gas Oven, Wood Stove and lots of cabinet space. A Half Bath and a Mud Room with Washer/Dryer just off the Garage are conveniently located on the first floor. Upstairs, there are 4 Bedrooms and 2 Full Baths. The Primary Bedroom has an en-suite Full Bath with Shower and the other 3 Bedrooms, all very spacious, share a 2nd Full Bath with Tiled Tub Shower. The Home has been Fully Pre-Inspected and is currently undergoing a full Septic Replacement so the home will have a brand new septic system. Call to Schedule your Showing Today for this spectacular piece of Eastern Shore ambiance!

Source: BRIGHT #MDWO2026980

1,920 sqft
11.45 acres
Single Family
Built in 1990

Neighborhood
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FAQs

Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.

To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.

An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.

When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.

Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.

Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.

When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.

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Last updated: Apr 14, 2025 07:59 pm
Listing provided courtesy of: Keller Williams Realty Delmarva (410) 524-6400
Details provided by BRIGHT and may not match the public record.
MLS ID: #MDWO2026980
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Roam Brokerage, LLC participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2025 Bright MLS. All rights reserved.
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