NOT LISTED FOR SALE

27905 Ocean Gateway Salisbury, MD 21801

North Salisbury Neighborhood

Estimated Value: $279,000 - $393,140

5 Beds
3 Baths
4,338 Sq Ft
$80/Sq Ft Est. Value

About This Home

This home is located at 27905 Ocean Gateway, Salisbury, MD 21801 and is currently estimated at $348,785, approximately $80 per square foot. 27905 Ocean Gateway is a home located in Wicomico County with nearby schools including Pemberton Elementary School, Salisbury Middle School, and James M. Bennett High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2017
Sold by
The Farmers Bank Of Willards
Bought by
Smith Joseph M
Current Estimated Value
$348,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,595
Outstanding Balance
$199,408
Interest Rate
3.91%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
$149,377

Purchase Details

Closed on
Mar 30, 2017
Sold by
Robins John B and Shelton Jack G
Bought by
The Formers Bank Of Willard

Purchase Details

Closed on
Dec 27, 2013
Sold by
The Farmers Bank Of Willards
Bought by
Shelton Jack G and Shelton Allison K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,621
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2011
Sold by
L E Culver Properties Llc
Bought by
The Farmers Bank Of Willards

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,100
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2007
Sold by
Schisler Philip P
Bought by
L E Culver Properties L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2007
Sold by
Schisler Philip P
Bought by
L E Culver Properties L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Smith Joseph M -- Mid Atlantic Title & Escrow
The Formers Bank Of Willard $200,000 None Available
Shelton Jack G $185,000 Mid Atlantic Title & Escrow
The Farmers Bank Of Willards $295,000 None Available
L E Culver Properties L L C $100,000 --
L E Culver Properties L L C $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Joseph M $237,595
Previous Owner Shelton Jack G $233,621
Previous Owner The Farmers Bank Of Willards $52,100
Previous Owner L E Culver Properties L L C $175,000
Previous Owner L E Culver Properties L L C $175,000
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 $2,245 $264,433 $0 $0
2024 $2,245 $227,867 $0 $0
2023 $1,951 $191,300 $47,100 $144,200
2022 $1,953 $185,800 $0 $0
2021 $1,863 $180,300 $0 $0
2020 $1,863 $174,800 $47,300 $127,500
2019 $1,886 $174,467 $0 $0
2018 $1,892 $174,133 $0 $0
2017 $1,888 $173,800 $0 $0
2016 -- $173,800 $0 $0
2015 $2,015 $173,800 $0 $0
2014 $2,015 $182,200 $0 $0
Source: Public Records

Map

Maryland Wicomico County Salisbury 21801 North Salisbury

27905 Ocean Gateway, Salisbury, MD

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