NOT LISTED FOR SALE

1505 Iris Dr Salisbury, MD 21804

South Salisbury Neighborhood

Estimated Value: $244,000 - $277,000

3 Beds
2 Baths
1,478 Sq Ft
$177/Sq Ft Est. Value

Last Sold September 10, 2018

Last sale price $160,000 $108 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,522/month

Highlights

  • Open Floorplan
  • Rambler Architecture
  • Stainless Steel Appliances
  • Deck
  • No HOA
  • Double Pane Windows

About This Home

As of September 2018

Great income potential! Leased till 7/21/19 for $1800 per month. Remodeled and Lead free 3 bed 2 bath

Last Agent to Sell the Property

Gayle Quillin

(410) 726-1117 gwquillin@gmail.com ERA Martin Associates Listed on: 06/25/2018

ERA Martin Associates

Last Buyer's Agent

Timothy Dennis

(443) 669-4114 timothy.dennis@cbrealty.com Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $831

Year Built

  • Built in 1946

Lot Details

  • 6,250 Sq Ft Lot
  • Landscaped
  • Level Lot
  • Property is zoned R15

Home Design

  • Rambler Architecture
  • Asbestos

Interior Spaces

  • 1,478 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Replacement Windows
  • Insulated Windows
  • Window Screens
  • Combination Dining and Living Room
  • Carpet
  • Fire and Smoke Detector

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • ENERGY STAR Qualified Refrigerator
  • Ice Maker
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Electric Dryer
  • ENERGY STAR Qualified Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Stone Driveway

Accessible Home Design

  • Doors swing in

Outdoor Features

  • Deck
  • Exterior Lighting

Utilities

  • Central Air
  • Heat Pump System
  • Private Water Source
  • Septic Tank
  • Community Sewer or Septic

Community Details

  • No Home Owners Association
  • Lakewood Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 13-008124

Home Details

Home Type

Single Family

Est. Annual Taxes

$831

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: Doors - Swing In
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1946
  • Remarks Public: Great income potential! Leased till 7/21/19 for $1800 per month. Remodeled and Lead free 3 bed 2 bath
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Energy Efficient Appliances, Energy Star Clothes Washer, Energy Star Dishwasher, Energy Star Refrigerator, Icemaker, Microwave, Oven/Range - Electric, Stainless Steel Appliances
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open, Recessed Lighting, Stall Shower
  • Window Features: Double Pane, Insulated, Replacement, Screens
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1478
  • Living Area Sq Ft: 1478
  • Price Per Sq Ft: 106.83
  • Above Grade Finished Sq Ft: 1478
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1505

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asbestos
  • Construction Completed: No
  • Exterior Features: Exterior Lighting, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Parking Features: Stone Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Security: Smoke Detector
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Private/Community Water

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: WICOMICO COUNTY PUBLIC SCHOOLS
  • School District Key: 121138751831
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Landscaping, Level, Road Frontage
  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6250.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2017
  • Zoning: R15
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5359943
  • Tax Annual Amount: 831.00
  • Assessor Parcel Number: 13-008124
  • Tax Lot: 4
  • Tax Total Finished Sq Ft: 1078
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 09/10/2018

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2018
Closed on
Sep 10, 2018
Sold by
Smith & Long Investment Properties Llc
Bought by
Migdalias Philip D
Seller's Agent
Gayle Quillin
ERA Martin Associates
Buyer's Agent
Timothy Dennis
Coldwell Banker Realty
List Price
$162,900
Sold Price
$160,000
Premium/Discount to List
-$2,900
-1.78%
Current Estimated Value
$261,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,951
Avg. Annual Appreciation
7.20%
Original Mortgage
$128,000
Outstanding Balance
$111,634
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$150,317

Purchase Details

Closed on
Jul 15, 2014
Sold by
Snyder Melvin I
Bought by
Smith & Long Investment Properties Llc

Purchase Details

Closed on
Feb 5, 1981
Sold by
Lorenz Alma L
Bought by
Hudson Marquis P
Source: Public Records

Range of Values:

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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
Migdalias Philip D $160,000 None Available
Smith & Long Investment Properties Llc $115,000 Delmarva Title
Hudson Marquis P $17,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Migdalias Philip D $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2018 09/10/18 Sold $160,000 +1.3% $108 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
07/22/2018 07/22/18 Price Changed $157,900 -3.1% $107 / Sq Ft
06/25/2018 06/25/18 For Sale $162,900 -- $110 / Sq Ft
Source: Bright MLS

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 $1,596 $173,733 $0 $0
2024 $1,596 $160,200 $24,200 $136,000
2023 $1,579 $153,667 $0 $0
2022 $1,559 $147,133 $0 $0
2021 $1,497 $140,600 $24,200 $116,400
2020 $1,352 $125,300 $0 $0
2019 $1,151 $110,000 $0 $0
2018 $891 $94,700 $24,200 $70,500
2017 $733 $79,000 $0 $0
2016 -- $63,300 $0 $0
2015 $556 $47,600 $0 $0
2014 $556 $47,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gayle Quillin

    Seller's Agent in 2018

    Gayle Quillin

    ERA Martin Associates

    (410) 726-1117

    28 in this area

    98 Total Sales

    Gayle Quillin
    Section Image
  • Timothy Dennis

    Buyer's Agent in 2018

    Timothy Dennis

    Coldwell Banker Realty

    (443) 669-4114

    10 in this area

    53 Total Sales

    Timothy Dennis
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001936368

Bright MLS

APN: 13-008124

Maryland Wicomico County Salisbury 21804 South Salisbury

1505 Iris Dr, Salisbury, MD

This home is located at 1505 Iris Dr, Salisbury, MD 21804 since 25 June 2018 and is currently estimated at $261,951, approximately $177 per square foot. This property was built in 1946. 1505 Iris Dr is a home located in Wicomico County with nearby schools including Prince Street Elementary School, Bennett Middle School, and Parkside High School.

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