NOT LISTED FOR SALE

Estimated Value: $129,000

2 Beds
1 Bath
1,025 Sq Ft
$126/Sq Ft Est. Value

Last Sold July 22, 2020

Last sale price $40,000 $39 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $737/month

Highlights

  • Wood Flooring
  • Cottage
  • More Than Two Accessible Exits
  • No HOA
  • Living Room
  • Dining Room

About This Home

As of July 2020

This home is uniquely situated in North Salisbury on almost 1/3 of an acre, with underlying commercial zoning. It is in the process of being repaired, but owner says to sell!.....Unfinished upstairs with a fixed staircase. Downstairs has a lot of character that can be restored. Over 1800 sf including unfinished upstairs. This property is adjacent (back side)to Commercial properties such as Starbucks, Cactus Taverna, Verizon, and more.

Last Agent to Sell the Property

Rusty Molnar

(410) 726-2095 rustymolnar@gmail.com Keller Williams Realty Delmarva Listed on: 05/06/2020

Keller Williams Realty Delmarva

Last Buyer's Agent

Rusty Molnar

(410) 726-2095 rustymolnar@gmail.com Keller Williams Realty Delmarva Listed on: 05/06/2020

Keller Williams Realty Delmarva

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 0.28 Acre Lot
  • Property is in below average condition

Home Design

  • Cottage
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Asphalt Roof
  • Asphalt

Interior Spaces

  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Crawl Space

Flooring

  • Wood
  • Rough-In

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 6 Parking Spaces
  • 6 Driveway Spaces
  • Gravel Driveway
  • Off-Street Parking

Schools

  • North Salisbury Elementary School
  • Salisbury Middle School
  • Wicomico High School

Utilities

  • Heating System Uses Natural Gas
  • Public Hookup Available For Sewer
  • Well
  • Shared Septic

Additional Features

  • More Than Two Accessible Exits
  • Flood Risk

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 05-059143

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1930
  • Remarks Public: This home is uniquely situated in North Salisbury on almost 1/3 of an acre, with underlying commercial zoning. It is in the process of being repaired, but owner says to sell!.....Unfinished upstairs with a fixed staircase. Downstairs has a lot of character that can be restored. Over 1800 sf including unfinished upstairs. This property is adjacent (back side)to Commercial properties such as Starbucks, Cactus Taverna, Verizon, and more.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Rough-In
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space, Block, Brick/Mortar
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Bedroom 1, Bathroom 1
  • Basement: No
  • Total Sq Ft: 1881
  • Living Area Sq Ft: 1025
  • Price Per Sq Ft: 39.02
  • Above Grade Finished Sq Ft: 1025
  • Above Grade Unfinished Sq Ft: 856
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2457

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asphalt, Block, Brick, Brick Veneer, Mixed Plumbing
  • Roof: Asphalt
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas Available
  • Sewer/Septic System: Public Hook/Up Avail, Shared Septic
  • Water Source: Well, Public Hook-Up Available

Condo/Co-op/Association

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

Schools

  • School District: WICOMICO COUNTY PUBLIC SCHOOLS
  • Elementary School: NORTH SALISBURY
  • Middle School: SALISBURY
  • High School: WICOMICO
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138751831
  • School District Source: Listing Agent
  • Elementary School: NORTH SALISBURY
  • High School: WICOMICO
  • Middle Or Junior School: SALISBURY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Lot Features: Road Frontage
  • Lot Size Acres: 0.28
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12400.00
  • Property Condition: Below Average
  • Year Assessed: 2020
  • Zoning: C
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5335663
  • Tax Annual Amount: 1015.00
  • Assessor Parcel Number: 05-059143
  • Tax Page Number: 793
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/22/2020

Multi Family

  • Federal Flood Zone: X

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2020
Closed on
Jul 21, 2020
Sold by
Kovach Darin M and Kovach Tina M
Bought by
Akhtar Naeem
Seller's Agent
Rusty Molnar
Keller Williams Realty Delmarva
Buyer's Agent
Rusty Molnar
Keller Williams Realty Delmarva
List Price
$79,900
Sold Price
$40,000
Premium/Discount to List
-$39,900
-49.94%
Current Estimated Value
$129,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,000
Original Mortgage
$80,000
Outstanding Balance
$70,939
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2000
Sold by
Hancock Lawrence E and Hancock Naomi P
Bought by
Kovach Darin M and Kovach Tina M

Purchase Details

Closed on
Feb 24, 1993
Sold by
Marvel Joseph E and Marvel Doris A
Bought by
Hancock Lawrence E and Hancock Naomi P
Source: Public Records

Range of Values:

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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
Akhtar Naeem $120,000 Acquest Title Services Inc
Kovach Darin M $105,000 --
Hancock Lawrence E $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akhtar Naeem $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2020 07/22/20 Sold $40,000 -49.9% $39 / Sq Ft
05/14/2020 05/14/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $79,900 -- $78 / 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 $656 $68,300 $38,400 $29,900
2024 $656 $62,167 $0 $0
2023 $614 $56,033 $0 $0
2022 $568 $49,900 $38,400 $11,500
2021 $630 $49,900 $38,400 $11,500
2020 $575 $49,900 $38,400 $11,500
2019 $523 $50,000 $38,400 $11,600
2018 $1,077 $50,000 $38,400 $11,600
2017 $616 $50,000 $0 $0
2016 -- $50,400 $0 $0
2015 $450 $50,400 $0 $0
2014 $450 $50,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWC107994

Bright MLS

APN: 05-059143