NOT LISTED FOR SALE

227 Cherry Way Salisbury, MD 21804

North Salisbury Neighborhood

Estimated Value: $187,000 - $215,000

3 Beds
1 Bath
1,458 Sq Ft
$136/Sq Ft Est. Value

Last Sold August 29, 2017

Last sale price $52,000 $36 Per Sq Ft

Est. 297% increase in value since last sale

Current estimated payment $1,163/month

19 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Storage Shed
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of August 2017

Potential in this bungalow in need of repair. Finished attic used as 3rd bedroom. Large detached garage. Home will not qualify for conventional financing. Proof of funds or pre-approval letter. THERE IS A $75.00 BUYER PAID DOC FEE PAID AT CLOSING.

Last Agent to Sell the Property

Sonia Zaffiris

(410) 251-6217 soniasez@aol.com Hileman Real Estate-Berlin License #RS-0013854 Listed on: 07/12/2017

Last Buyer's Agent

Debbie Hileman

(443) 235-5982 debbie@hilemanrealestate.com Hileman Real Estate-Berlin

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1942

Lot Details

  • 9,148 Sq Ft Lot
  • Cleared Lot
  • Zoning described as R15

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Bungalow
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,458 Sq Ft Home
  • Property has 1.5 Levels
  • Partial Basement
  • Storage In Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Storage Shed

Schools

  • Wicomico Middle School
  • Wicomico High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Maple Plains Subdivision

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 052734

Home Details

Home Type

Single Family

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Federal Flood Insurance: Unknown
  • Historic: No
  • New Construction: No
  • Storage: Attic
  • Year Built: 1942
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Block
  • Levels Count: 1.5
  • Basement: Yes
  • Basement Type: Partial
  • Living Area Units: Square Feet
  • Total Sq Ft: 1458
  • Living Area Sq Ft: 1458
  • Price Per Sq Ft: 32.24
  • Above Grade Finished Sq Ft: 1458
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Frame, Vinyl Siding, Stick Built
  • Construction Completed: No
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Off Street
  • Type Of Parking: Off Street, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • High School: WICOMICO
  • Middle Or Junior School: WICOMICO

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.21
  • Zoning Description: R15

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5335221
  • Assessor Parcel Number: 052734
  • Tax Lot: 27
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2023
Sold by
Equity Trust Co
Bought by
Infante-Lopez Viridiana
Current Estimated Value
$206,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 12, 2017
Closed on
Aug 7, 2017
Sold by
Owb Reo Llc
Bought by
Equity Trust Company
Seller's Agent
Sonia Zaffiris
Hileman Real Estate-Berlin
Buyer's Agent
Debbie Hileman
Hileman Real Estate-Berlin
List Price
$47,000
Sold Price
$52,000
Premium/Discount to List
$5,000
10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.49%

Purchase Details

Closed on
Apr 26, 2017
Sold by
Substitute Sole Acting and Gregon Mtritto
Bought by
Owb Reo Llc

Purchase Details

Closed on
Aug 8, 2000
Sold by
Lane Manuel and Lane Pauline M
Bought by
Lane Manuel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Infante-Lopez Viridiana $179,000 None Listed On Document
Infante-Lopez Viridiana $179,000 None Listed On Document
Equity Trust Company $52,000 Mid Atlantic Title & Escrow
Owb Reo Llc $85,000 None Available
Lane Manuel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Infante-Lopez Viridiana $143,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2017 08/29/17 Sold $52,000 +10.6% $36 / Sq Ft
07/30/2017 07/30/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $47,000 -- $32 / 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 $947 $100,600 $26,200 $74,400
2024 $947 $92,500 $0 $0
2023 $894 $84,400 $0 $0
2022 $838 $76,300 $26,200 $50,100
2021 $806 $73,000 $0 $0
2020 $779 $69,700 $0 $0
2019 $695 $66,400 $18,200 $48,200
2018 $683 $62,800 $0 $0
2017 $651 $59,200 $0 $0
2016 -- $55,600 $0 $0
2015 $575 $55,600 $0 $0
2014 $575 $55,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sonia Zaffiris

    Seller's Agent in 2017

    Sonia Zaffiris

    Hileman Real Estate-Berlin

    (410) 251-6217

    2 in this area

    40 Total Sales

    Sonia Zaffiris
    Section Image
  • Debbie Hileman

    Buyer's Agent in 2017

    Debbie Hileman

    Hileman Real Estate-Berlin

    (443) 235-5982

    4 in this area

    150 Total Sales

    Debbie Hileman
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000516222

Bright MLS

APN: 05-052734

Maryland Wicomico County Salisbury 21804 North Salisbury

227 Cherry Way, Salisbury, MD

Not Listed for Sale

Detached

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