NOT LISTED FOR SALE

28735 Ocean Gateway Salisbury, MD 21801

North Salisbury Neighborhood

Estimated Value: $201,000 - $280,000

4 Beds
3 Baths
1,588 Sq Ft
1.24 Acres

Last Sold December 01, 2020

Last sale price $124,900 $79 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $1,275/month

Highlights

  • 1.24 Acre Lot
  • No HOA
  • Combination Kitchen and Dining Room
  • Farmhouse Style Home
  • Living Room
  • Hot Water Heating System

About This Home

As of December 2020

Nice investment property with updated rental rates reported as $825 downstairs for the two bedrooms unit and two separate upstairs units with one bedroom each at $550 and $500 respectively. No city taxes or inspections are required. The property is zoned Light Business/Residential so there is also strong potential to be developed with other business opportunities on the 1.24 acre parcel of land! The seller has spent in excess of $14,000 on improvements while the listing was withdrawn to repair the items on the previous inspection report.

Last Agent to Sell the Property

John Terrell

(410) 726-2421 john.terrell@era.com ERA Martin Associates License #RS0024201 Listed on: 09/17/2019

ERA Martin Associates

Last Buyer's Agent

Su Mei Prete

(443) 880-8550 sumeiprete@gmail.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS0015701

Berkshire Hathaway HomeServices PenFed Realty - OP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $959

Year Built

  • Built in 1925

Lot Details

  • North Facing Home

Home Design

  • Farmhouse Style Home
  • Entry on the 1st floor
  • Aluminum Siding

Interior Spaces

  • 1,588 Sq Ft Home
  • Property has 2 Levels
  • Wood Burning Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Carpet
  • Partial Basement

Kitchen

  • Electric Oven or Range
  • Range Hood

Bedrooms and Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Schools

  • Pemberton Elementary School
  • Salisbury Middle School
  • James M. Bennett High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Private Water Source
  • Electric Water Heater
  • Septic Tank
  • Community Sewer or Septic

Community Details

  • No Home Owners Association
  • Low-Rise Condominium

Listing and Financial Details

  • Tax Lot 328
  • Assessor Parcel Number 09-030131

Property Details

Home Type

Condominium

Est. Annual Taxes

$959

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Farmhouse/National Folk
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Remarks Public: Nice investment property with updated rental rates reported as $825 downstairs for the two bedrooms unit and two separate upstairs units with one bedroom each at $550 and $500 respectively. No city taxes or inspections are required. The property is zoned Light Business/Residential so there is also strong potential to be developed with other business opportunities on the 1.24 acre parcel of land! The seller has spent in excess of $14,000 on improvements while the listing was withdrawn to repair the items on the previous inspection report.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Oven/Range - Electric, Range Hood, Refrigerator
  • Entry Floor: 1
  • Interior Amenities: Carpet, Combination Kitchen/Dining, Dining Area
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Bedroom 1, Bathroom 1, Bathroom 2
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 1588
  • Living Area Sq Ft: 1588
  • Price Per Sq Ft: 78.65
  • Above Grade Finished Sq Ft: 1588
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 28735

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum 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, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Private/Community Water

Condo/Co-op/Association

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

Schools

  • School District: WICOMICO COUNTY PUBLIC SCHOOLS
  • Elementary School: PEMBERTON
  • Middle School: SALISBURY
  • High School: JAMES M. BENNETT
  • 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: PEMBERTON
  • High School: JAMES M. BENNETT
  • Middle Or Junior School: SALISBURY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 1.24
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 54000.00
  • Year Assessed: 2020
  • Zoning: LB R
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5349432
  • Tax Annual Amount: 959.00
  • Assessor Parcel Number: 09-030131
  • Tax Lot: 328
  • Tax Total Finished Sq Ft: 1588
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 12/01/2020

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2019
Closed on
Dec 1, 2020
Sold by
J J Investment Properties Llc
Bought by
Julien F Peter Schilton
Seller's Agent
John Terrell
ERA Martin Associates
Buyer's Agent
Su Mei Prete
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$124,900
Sold Price
$124,900
Current Estimated Value
$225,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,675
Avg. Annual Appreciation
12.82%
Original Mortgage
$120,772
Outstanding Balance
$107,523
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$118,052

Purchase Details

Closed on
Sep 9, 2004
Sold by
Brown Harry and Brown Gertrude B
Bought by
J J Investments Properties Llc
Source: Public Records

Range of Values:

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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
Julien F Peter Schilton $124,900 Capitol Title Group
J J Investments Properties Llc $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Julien F Peter Schilton $120,772
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2020 12/01/20 Sold $124,900 0.0% $79 / Sq Ft
10/24/2020 10/24/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $124,900 0.0% $79 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $124,900 0.0% $79 / Sq Ft
04/17/2020 04/17/20 Pending -- -- --
03/30/2020 03/30/20 Price Changed $124,900 0.0% $79 / Sq Ft
03/30/2020 03/30/20 For Sale $124,900 0.0% $79 / Sq Ft
11/21/2019 11/21/19 Off Market $124,900 -- --
10/31/2019 10/31/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $114,900 -- $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 $1,098 $124,700 $0 $0
2024 $1,098 $108,300 $0 $0
2023 $968 $91,900 $65,200 $26,700
2022 $996 $91,900 $65,200 $26,700
2021 $1,005 $91,900 $65,200 $26,700
2020 $1,011 $92,200 $65,200 $27,000
2019 $965 $92,200 $65,200 $27,000
2018 $1,032 $92,200 $65,200 $27,000
2017 $1,037 $92,400 $0 $0
2016 -- $91,867 $0 $0
2015 $884 $91,333 $0 $0
2014 $884 $90,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Terrell

    Seller's Agent in 2020

    John Terrell

    ERA Martin Associates

    (410) 726-2421

    12 in this area

    91 Total Sales

    John Terrell
    Section Image
  • Su Mei Prete

    Buyer's Agent in 2020

    Su Mei Prete

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (443) 880-8550

    8 in this area

    55 Total Sales

    Su Mei Prete
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWC104956

Bright MLS

APN: 09-030131

Maryland Wicomico County Salisbury 21801 North Salisbury

28735 Ocean Gateway, Salisbury, MD

This home is located at 28735 Ocean Gateway, Salisbury, MD 21801 since 17 September 2019 and is currently estimated at $225,575, approximately $142 per square foot. This property was built in 1925. 28735 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.

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