NOT LISTED FOR SALE

1301 E State St Delmar, MD 21875

North Salisbury Neighborhood

Estimated Value: $6,783,476

-- Bed
-- Bath
14,564 Sq Ft
$466/Sq Ft Est. Value

About This Home

This home is located at 1301 E State St, Delmar, MD 21875 and is currently estimated at $6,783,476, approximately $465 per square foot. 1301 E State St is a home located in Wicomico County with nearby schools including Delmar Elementary School, Wicomico Middle School, and Wicomico High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2021
Sold by
Lee & Lee Ra Llc
Bought by
Magic Rabbit Ventures Llc
Current Estimated Value
$6,783,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,320,000
Outstanding Balance
$3,930,878
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,852,598

Purchase Details

Closed on
Jan 20, 2006
Sold by
Delmar Holding Llc
Bought by
Rap Delmar Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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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
Magic Rabbit Ventures Llc $5,400,000 First American Title Ins
Rap Delmar Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magic Rabbit Ventures Llc $4,320,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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 $43,601 $4,793,800 $0 $0
2024 $43,601 $4,547,500 $0 $0
2023 $42,524 $4,301,200 $1,000,500 $3,300,700
2022 $43,589 $4,277,600 $0 $0
2021 $43,559 $4,254,000 $0 $0
2020 $43,629 $4,230,400 $1,000,500 $3,229,900
2019 $44,275 $4,230,400 $1,000,500 $3,229,900
2018 $81,914 $4,230,400 $1,000,500 $3,229,900
2017 $36,735 $4,427,400 $0 $0
2016 -- $3,453,867 $0 $0
2015 $13,541 $2,480,333 $0 $0
2014 $13,541 $1,506,800 $0 $0
Source: Public Records

Map

Maryland Wicomico County Delmar 21875 North Salisbury

1301 E State St, Delmar, MD

This home is located at 1301 E State St, Delmar, MD 21875 and is currently estimated at $6,783,476, approximately $465 per square foot. 1301 E State St is a home located in Wicomico County with nearby schools including Delmar Elementary School, Wicomico Middle School, and Wicomico High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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