NOT LISTED FOR SALE

Estimated Value: $100,000 - $217,000

0.11 Acre
$1,312,118 Price per Acre
5,000 Sq Ft Lot

Last Sold May 02, 2024

Last sale price $80,000

Est. 80% increase in value since last sale

Current estimated payment $746/month

103 Days on Market

About This Lot

As of May 2024

Investor's Dream - Fixer-Upper Opportunity on 2nd Street, Salisbury, MD with Extra Lot! (125 2nd Street and 127 2nd Street being sold as a package) Unlock the potential of this diamond in the rough located on 2nd Street in the heart of Salisbury. 125 2nd street is a lot with a shed only, 127 2nd street is a fixer-upper, awaiting a visionary buyer ready to transform it into a stunning residence. Key Features: Double Lot: The property comes with the rare advantage of a double lot, providing ample space for expansion, landscaping, or potential future development. Unseen Potential: While access to view the property is currently restricted, envision the possibilities that come with a blank canvas. This is your chance to customize and create a home that aligns with your unique vision. Investment Opportunity: Ideal for Investors: This property presents an ideal opportunity for investors looking to add value through renovation and strategic improvements. Location: Situated on 2nd Street, the property is conveniently located near local amenities, schools, and parks, making it an attractive option for those seeking a central Salisbury address. Important Note: Due to the current condition of the property, access for viewing is restricted. Interested parties are encouraged to schedule a consultation to discuss the potential and scope of this fixer-upper. Don't miss out on this rare chance to turn a double-lot fixer-upper into a showcase property in Salisbury. Contact us today to explore the possibilities and unlock the hidden potential of this unique real estate opportunity!

Last Agent to Sell the Property

Charlene Spence

(410) 864-5750 charlene.spence@thespencerealtygroup.com The Spence Realty Group License #RB-0031315 Listed on: 12/12/2023

Last Buyer's Agent

datacorrect BrightMLS

(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office License #0225194075

Property Details

Property Type

  • Land

Lot Details

  • 5,000 Sq Ft Lot
  • 23-09042768
  • Property is zoned R5

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2309042717

Property Details

Property Type

Land

Lot Details

5,000 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Expected On Market: 2023-12-12
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 19.80

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 23-09042768
  • Lot Size Acres: 0.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Zoning: R5
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 45.00
  • Assessor Parcel Number: 2309042717
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2023
Closed on
May 2, 2024
Sold by
Kelly Courtney T
Bought by
Simon Isreal
Seller's Agent
Charlene Spence
The Spence Realty Group
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$115,000
Sold Price
$80,000
Premium/Discount to List
-$35,000
-30.43%
Views
89
Current Estimated Value
$144,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,333
Avg. Annual Appreciation
37.81%
Original Mortgage
$70,000
Outstanding Balance
$63,169
Interest Rate
6.79%
Mortgage Type
Seller Take Back
Estimated Equity
$81,164

Purchase Details

Closed on
Jan 4, 2018
Sold by
Lovett Verlin
Bought by
Kelly Courtney T

Purchase Details

Closed on
May 16, 2011
Sold by
Morris Wayne L
Bought by
Lovett Verlin

Purchase Details

Closed on
Apr 20, 2011
Sold by
Morris Wayne L
Bought by
Lovett Verlin

Purchase Details

Closed on
Jun 25, 2008
Sold by
Spencer Jeanette P
Bought by
Morris Wayne L

Purchase Details

Closed on
Jun 19, 2008
Sold by
Spencer Jeanette P
Bought by
Morris Wayne L
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Simon Isreal $80,000 Community Title Network
Simon Isreal $80,000 Community Title Network
Kelly Courtney T $5,000 None Available
Lovett Verlin $500 --
Lovett Verlin $500 None Available
Lovett Verlin $500 --
Morris Wayne L $4,000 --
Morris Wayne L $4,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simon Isreal $70,000
Closed Simon Isreal $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2024 05/02/24 Sold $80,000 -19.2% --
03/25/2024 03/25/24 Pending -- -- --
12/15/2023 12/15/23 Price Changed $99,000 -13.9% --
12/12/2023 12/12/23 For Sale $115,000 -- --
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $50 $5,467 $0 $0
2024 $21 $2,200 $2,200 $0
2023 $22 $2,200 $2,200 $0
2022 $22 $2,200 $2,200 $0
2021 $22 $2,200 $2,200 $0
2020 $23 $2,200 $2,200 $0
2019 $23 $2,200 $2,200 $0
2018 $105 $2,200 $2,200 $0
2017 $64 $2,200 $0 $0
2016 -- $2,200 $0 $0
2015 $156 $9,200 $0 $0
2014 $156 $9,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWC2011676

Bright MLS

APN: 09-042717

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