231 Madison Ave

Off Market

231 Madison Ave

Talbot County MD 21663

1702 sq. ft.

16000 sq. ft.

Single-Family

Last sold for $619,000

Monica Penwell, last sold this property on 20 October 2025 after 45 days on market.

Overview

Welcome to 231 Madison Avenue, a beautifully renovated one-level home located in the water access community of Rio Vista, just minutes from downtown historic St. Michaels. Offering 2 bedrooms and 2 full baths, this home has been thoughtfully updated throughout, combining modern design with classic design in this rancher. With its open floor plan, the heart of the home is the gourmet kitchen which opens to the living room where you will find a fireplace, built-in book cases, remote window shades and original wood floors. Just off this room you discover a small seating room with some water views that accesses the private office space. Through the rear door and down the steps is the three season room with tile floors and full-length windows and doors providing sunlight virtually all year round. This room access and storage/utility room and also leads to the back patio and yard. The large lot of .37 acres, includes a large patio, perfect for entertaining and offers privacy and potential to make this home your own. The yard also includes a detached shed with a concrete base and side and front entry for easy access to lawn and garden equipment. The recent renovation and its attention to detail truly transforms this traditional ranch home into a modern oasis just minutes from the shops and restaurants in historic St. Michaels.

Features

2 bedrooms

2 bathrooms

2 carspaces

1702 sq. ft. floor area

16000 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Talbot County over the last 12 months, the estimated median property value of 231 Madison Ave is $825k.

Median value

$825k

Estimated value range

$155k - $1.31m

Median days on market

Estimated value trend

34%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Talbot County. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 231 Madison Ave

2025

Sold

$619,000

20 Oct 2025 by Monica Penwell, of TTR Sotheby's International Realty

2024

Rented

Undisclosed

19 Sep 2024 by TTR Sotheby's International Realty

2018

Sold

$249,900

19 Apr 2018 by Monica Penwell

Happy sellers in Talbot County

80%

80% of sellers in Talbot County reported that their sale price either exceeded or met their price expectations.

Talbot County stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Talbot County over the last 12 months.

Local market activity for 2 bedroom single-family properties in Talbot County

In the last 12 months, 6 two-bedroom single-family properties similar to 231 Madison Ave, have been sold.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Talbot County for a market analysis.

Cornelia C Heckenbach

at Cornelia C Heckenbach - St Michaels Real Estate

(89 reviews)

Get a market analysis

Tiffany Cloud

at Meredith Fine Properties

(4 reviews)

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Tammy Studebaker

(1 review)

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Stacie Luhrman

at Benson & Mangold, LLC

(10 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Talbot County

Cornelia C Heckenbach

Sellers who recommend Cornelia C Heckenbach have praised them for being local expert, reliable, responsive, supportive, clear communication, honest, and great negotiation