Seller's Agent in 2022
Brent Miller, CCIM, CPM
SVN |Miller Commercial Real Estate
(410) 251-3540
1 in this area
13 Total Sales
207 W Locust St Salisbury, MD 21801
North Camden NeighborhoodEstimated Value: $126,670 - $2,776,000
--
Bed
1
Bath
24,871
Sq Ft
$33/Sq Ft
Est. Value
About This Home
As of July 202219 Home Portfolio – 17 single-family detached homes and 1 duplex (2 doors)
The majority of homes are in Salisbury with the duplex located in Nanticoke and one home in Fruitland
The portfolio includes one, two, three, and four-bedroom homes
Portfolio is self-managed
Over $350,000 in improvements completed since 2017
Average tenancy of 5 years with some tenants in place as long as 20 years
Value-add opportunity with rents 30% below market rents
$125,004 average home price is $100,000 below median home prices of $225,834 per NeighborhoodScout
Home prices have increased 14% in the past 12 months
Opportunity to reduce expenses through professional management engagement
73% of the homes in Salisbury are occupied by renters per NeighborhoodScout
Stabilized cap rate of 7.45% with a gross yield of 11.19%
Last Agent to Sell the Property
(410) 251-3540 brent.miller@svn.com SVN |Miller Commercial Real Estate Listed on: 04/13/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $465
Year Built
- Built in 1900
Lot Details
- 3.66
Home Design
- 24,871 Sq Ft Home
Additional Features
- 3.66 Acre Lot
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 2313035431
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 13, 2022
Closed on
Jul 21, 2022
Sold by
Akb Rentals Limited Liability Company
Bought by
Blue Haven Properties Llc
Seller's Agent
Brent Miller, CCIM, CPM
SVN |Miller Commercial Real Estate
Buyer's Agent
Thomas Walpole
Drake Realty Associates
List Price
$2,375,070
Sold Price
$2,150,000
Premium/Discount to List
-$225,070
-9.48%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,333,082
Avg. Annual Appreciation
-25.82%
Purchase Details
Closed on
Apr 23, 1986
Sold by
Brittingham Helen M
Bought by
Broughton Albert K
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Blue Haven Properties Llc | $2,150,000 | -- | |
| Broughton Albert K | $21,500 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/15/2022 07/15/22 | Sold | $2,150,000 | -9.5% | $86 / Sq Ft |
| 05/20/2022 05/20/22 | Pending | -- | -- | -- |
| 04/13/2022 04/13/22 | For Sale | $2,375,070 | -- | $95 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $253 | $42,933 | $0 | $0 |
| 2024 | $253 | $26,400 | $10,500 | $15,900 |
| 2023 | $250 | $25,300 | $0 | $0 |
| 2022 | $247 | $24,200 | $0 | $0 |
| 2021 | $236 | $23,100 | $7,300 | $15,800 |
| 2020 | $233 | $22,600 | $0 | $0 |
| 2019 | $231 | $22,100 | $0 | $0 |
| 2018 | $475 | $21,600 | $7,300 | $14,300 |
| 2017 | $405 | $20,400 | $0 | $0 |
| 2016 | -- | $19,200 | $0 | $0 |
| 2015 | $391 | $18,000 | $0 | $0 |
| 2014 | $391 | $18,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brent Miller, CCIM, CPM
-
Thomas Walpole
Buyer's Agent in 2022
Thomas Walpole
Drake Realty Associates
(302) 632-2146
1 in this area
16 Total Sales
Map
Source: Bright MLS
MLS Number: MDWC2004678
APN: 13-035431
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