NOT LISTED FOR SALE

Estimated Value: $243,000 - $300,000

3.5 Acres
$76,762 Price per Acre
152,460 Sq Ft Lot

Last Sold December 17, 2014

Last sale price $117,000 $78 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $1,590/month

About This Lot

As of December 2014

3.5 acres for sale off Merritt Mill Rd. in Salisbury. Also includes a 2,664 SF building.

Last Agent to Sell the Property

Chris Davis

(443) 523-4539 chris@naicoastal.com NAI Coastal License #BK3256266 Listed on: 06/13/2014

NAI Coastal

Last Buyer's Agent

Rusty Molnar

(410) 726-2095 rustymolnar@gmail.com Keller Williams Realty Delmarva

Keller Williams Realty Delmarva

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,036

Lot Details

  • 3.5 Acre Lot
  • Cleared Lot
  • Property is zoned R15

Schools

  • Salisbury Middle School
  • Wicomico High School

Utilities

  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 070724

Property Details

Property Type

Land

Est. Annual Taxes

$2,036

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Residential
  • Historic: No
  • New Construction: No
  • Special Features: None

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Sewer System
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 3.50
  • Possible Use: Residential
  • Zoning: R15

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 070724
  • County Tax Payment Frequency: Annually
  • Close Date: 12/17/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2014
Closed on
Dec 12, 2014
Sold by
Hitch Gary and Shockley Steven M
Bought by
Molnar Investment Properties Llc
Seller's Agent
Chris Davis
NAI Coastal
Buyer's Agent
Rusty Molnar
Keller Williams Realty Delmarva
List Price
$159,900
Sold Price
$117,000
Premium/Discount to List
-$42,900
-26.83%
Current Estimated Value
$268,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,667
Avg. Annual Appreciation
7.96%
Original Mortgage
$135,000
Outstanding Balance
$103,789
Interest Rate
4.02%
Mortgage Type
Amount Keyed Is An Aggregate Amount
Estimated Equity
$164,878

Purchase Details

Closed on
May 20, 2009
Sold by
Shockley Irl Marche and Shockley Lois Marie
Bought by
Hitch Donna M and Shockley Steven M
Source: Public Records

Range of Values:

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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
Molnar Investment Properties Llc $117,000 Mid Atlantic Title & Escrow
Hitch Gary -- Mid Atlantic Title
Hitch Donna M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hitch Gary $135,000
Closed Hitch Gary $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2016 02/17/16 Pending -- -- --
12/17/2014 12/17/14 Sold $117,000 -26.8% $78 / Sq Ft
06/13/2014 06/13/14 For Sale $159,900 -- $106 / 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 $2,036 $232,000 $78,700 $153,300
2024 $2,036 $212,400 $0 $0
2023 $1,906 $192,800 $0 $0
2022 $1,765 $173,200 $63,700 $109,500
2021 $1,753 $171,467 $0 $0
2020 $1,750 $169,733 $0 $0
2019 $1,758 $168,000 $63,700 $104,300
2018 $1,679 $159,667 $0 $0
2017 $1,592 $151,333 $0 $0
2016 -- $143,000 $0 $0
2015 $1,451 $143,000 $0 $0
2014 $1,451 $143,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000862020

Bright MLS

APN: 05-070724