NOT LISTED FOR SALE

28646 Ocean Gateway Salisbury, MD 21801

North Salisbury Neighborhood

Estimated Value: $182,000 - $230,000

3 Beds
1 Bath
900 Sq Ft
$231/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $180,000 $200 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,185/month

14 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Central Heating and Cooling System
  • 1 Fireplace

About This Home

As of November 2022

Come tour this charming cape cod which sits on over a quarter of an acre, encompassing 3 bedrooms, 1 full bathroom, living room, cozy kitchen, & partial basement. Make this adorable home your own with all of your adornments! This house would also make a great rental for any interested investors.

Whether you're looking for an investment property or looking for an adorable home to settle down in, this house has lots of opportunity!

Last Agent to Sell the Property

Alana Taylor

Worthington Realty Group, LLC License #RS-0038390 Listed on: 10/25/2022

Last Buyer's Agent

William Brown

Keller Williams Realty License #22503

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $517

Year Built

  • Built in 1938

Lot Details

  • 0.33 Acre Lot

Parking

  • Driveway

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 900 Sq Ft Home
  • Property has 1.5 Levels
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Interior Basement Entry

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Applied For Permit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 2309035575

Home Details

Home Type

Single Family

Est. Annual Taxes

$517

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-10-25
  • Federal Flood Zone: No
  • Year Built: 1938
  • Automatically Close On Close Date: No
  • Remarks Public: Come tour this charming cape cod which sits on over a quarter of an acre, encompassing 3 bedrooms, 1 full bathroom, living room, cozy kitchen, & partial basement. Make this adorable home your own with all of your adornments! This house would also make a great rental for any interested investors. Whether you're looking for an investment property or looking for an adorable home to settle down in, this house has lots of opportunity!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 1.5
  • Basement: Yes
  • Basement Type: Partial, Interior Access
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 200.00
  • Above Grade Finished Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 28646

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Applied For Permit
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: WICOMICO COUNTY PUBLIC SCHOOLS
  • School District Key: 121138751831
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.33
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14560.00
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5349871
  • Tax Annual Amount: 517.00
  • Assessor Parcel Number: 2309035575
  • Tax Lot: 2
  • Tax Total Finished Sq Ft: 900
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/30/2022

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2022
Closed on
Nov 30, 2022
Sold by
Smith Joseph M
Bought by
Stein Brandi A
Seller's Agent
Alana Taylor
Worthington Realty Group, LLC
Buyer's Agent
William Brown
Keller Williams Realty
List Price
$180,000
Sold Price
$180,000
Views
44
Current Estimated Value
$207,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,739
Avg. Annual Appreciation
4.83%
Original Mortgage
$174,600
Outstanding Balance
$170,220
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$35,076

Purchase Details

Listed on
Jun 30, 2021
Closed on
Aug 27, 2021
Sold by
Block Investment Group Llc
Bought by
Smith Joseph M
Seller's Agent
Charlene Spence
The Spence Realty Group
Buyer's Agent
Charlene Spence
The Spence Realty Group
List Price
$64,900
Sold Price
$60,000
Premium/Discount to List
-$4,900
-7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
139.15%
Original Mortgage
$93,002
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
May 24, 2021
Sold by
Banks Eric S and Berban Group Llc
Bought by
Block Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,492
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 8, 2012
Sold by
Banks Eric S
Bought by
Berban Group Llc

Purchase Details

Closed on
May 4, 2012
Sold by
Weatherly Elaine
Bought by
Banks Eric S
Source: Public Records

Range of Values:

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Average Value
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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
Stein Brandi A $180,000 Fidelity National Title
Smith Joseph M $60,000 Mid Atlantic T&E Co Inc
Block Investment Group Llc $40,000 Mid Atlantic T&E Co Inc
Berban Group Llc -- Key Title & Escrow
Banks Eric S $11,000 Key Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stein Brandi A $174,600
Previous Owner Smith Joseph M $93,002
Previous Owner Block Investment Group Llc $61,492
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $180,000 0.0% $200 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
10/25/2022 10/25/22 For Sale $180,000 +200.0% $200 / Sq Ft
08/27/2021 08/27/21 Sold $60,000 -7.6% $67 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $64,900 -- $72 / 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 $941 $129,467 $0 $0
2024 $941 $91,933 $0 $0
2023 $598 $54,400 $14,600 $39,800
2022 $577 $50,733 $0 $0
2021 $541 $47,067 $0 $0
2020 $508 $43,400 $14,600 $28,800
2019 $437 $41,800 $0 $0
2018 $466 $40,200 $0 $0
2017 $471 $38,600 $0 $0
2016 -- $38,600 $0 $0
2015 $643 $38,600 $0 $0
2014 $643 $45,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Alana Taylor

    Worthington Realty Group, LLC

    (443) 859-2330

    3 in this area

    20 Total Sales

    Alana Taylor
    Section Image
  • William Brown

    Buyer's Agent in 2022

    William Brown

    Keller Williams Realty

    (302) 381-4513

    39 in this area

    223 Total Sales

    William Brown
    Section Image
  • Charlene Spence

    Seller's Agent in 2021

    Charlene Spence

    The Spence Realty Group

    (443) 513-6241

    40 in this area

    127 Total Sales

    Charlene Spence
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWC2007314

Bright MLS

APN: 09-035575

Maryland Wicomico County Salisbury 21801 North Salisbury

28646 Ocean Gateway, Salisbury, MD

This home is located at 28646 Ocean Gateway, Salisbury, MD 21801 since 25 October 2022 and is currently estimated at $207,739, approximately $230 per square foot. This property was built in 1938. 28646 Ocean Gateway is a home located in Wicomico County with nearby schools including West Salisbury Elementary School, North Salisbury Elementary School, and Salisbury Middle School.

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