NOT LISTED FOR SALE

301 Jo Anns Way Salisbury, MD 21804

South Salisbury Neighborhood

Estimated Value: $149,000 - $1,354,000

3 Beds
2 Baths
11,847 Sq Ft
$47/Sq Ft Est. Value

Last Sold November 29, 2021

Last sale price $923,000 $78 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $2,975/month

About This Home

As of November 2021

10 Unit Investment Portfolio 8 condominiums 2 townhouse 100% occupied with strong tenants. Easy rents to duplicate or push to market averages. Financials & interior photos are available upon request

Last Agent to Sell the Property

Andrew Ball

(410) 422-3672 Andy.ball@svn.com SVN |Miller Commercial Real Estate License #36569 Listed on: 03/16/2021

SVN |Miller Commercial Real Estate

Co-Listed By

Allison Conick

(443) 365-2240 allison.conick@svn.com SVN |Miller Commercial Real Estate License #681378

Last Buyer's Agent

Joshua Mast

(443) 454-1470 joshua.mast@homesourcepro.com HomeSource Pro Real Estate License #RB-0031372

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,221

Year Built

  • Built in 1987

Parking

  • Parking Lot

Interior Spaces

  • 11,847 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Halls are 36 inches wide or more

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 301
  • Assessor Parcel Number 05-098912

Community Details

Overview

  • Property has a Home Owners Association
  • 23 02 Wicomico Co Northeast Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,221

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Accessibility Features: 36"+ Wide Halls
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Remarks Public: 10 Unit Investment Portfolio 8 condominiums 2 townhouse 100% occupied with strong tenants. Easy rents to duplicate or push to market averages. Financials & interior photos are available upon request
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 11847
  • Living Area Sq Ft: 11847
  • Price Per Sq Ft: 88.63
  • Above Grade Finished Sq Ft: 11847
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 301

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Unknown
  • 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

  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Year Assessed: 2021
  • Zoning: LBI
  • In City Limits: Yes

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5339479
  • Tax Annual Amount: 1221.00
  • Assessor Parcel Number: 05-098912
  • Tax Lot: 301
  • Tax Total Finished Sq Ft: 854
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 11/29/2021

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2021
Closed on
Nov 30, 2021
Sold by
S & T Villas Llc
Bought by
Ann Hemlock Adams Llc
Seller's Agent
Andrew Ball
SVN |Miller Commercial Real Estate
Buyer's Agent
Joshua Mast
HomeSource Pro Real Estate
List Price
$1,250,000
Sold Price
$923,000
Premium/Discount to List
-$327,000
-26.16%
Current Estimated Value
$556,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$366,667
Avg. Annual Appreciation
-12.12%
Original Mortgage
$738,400
Outstanding Balance
$677,944
Interest Rate
2.98%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$121,611

Purchase Details

Closed on
Jul 21, 2008
Sold by
Gray Property Group L L C
Bought by
S & T Villas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2008
Sold by
Gray Property Group L L C
Bought by
S & T Villas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2005
Sold by
Hickman Ralph S
Bought by
Gray Property Group 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
$75,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 1988
Sold by
Woodbrooke Villas No 2 Inc
Bought by
Hickman Ralph S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,900
Interest Rate
10.38%
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
Ann Hemlock Adams Llc $923,000 Lakeside Title Co
S & T Villas Llc $114,250 --
S & T Villas Llc $114,250 --
Gray Property Group L L C $79,900 --
Hickman Ralph S $59,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ann Hemlock Adams Llc $738,400
Closed Ann Hemlock Adams Llc $738,400
Previous Owner S & T Villas Llc $413,000
Previous Owner S & T Villas Llc $413,000
Previous Owner Gray Property Group L L C $75,000
Previous Owner Hickman Ralph S $59,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2021 11/29/21 Sold $923,000 -12.1% $78 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
09/08/2021 09/08/21 Price Changed $1,050,000 -8.7% $89 / Sq Ft
08/12/2021 08/12/21 Price Changed $1,150,000 -8.0% $97 / Sq Ft
07/30/2021 07/30/21 For Sale $1,250,000 0.0% $106 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $1,250,000 -- $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 $684 $100,333 $0 $0
2024 $684 $71,300 $21,300 $50,000
2023 $696 $69,767 $0 $0
2022 $695 $68,233 $0 $0
2021 $682 $66,700 $20,000 $46,700
2020 $688 $66,700 $20,000 $46,700
2019 $698 $66,700 $20,000 $46,700
2018 $1,428 $69,000 $20,700 $48,300
2017 $1,428 $69,000 $0 $0
2016 $1,506 $69,000 $0 $0
2015 $1,506 $70,100 $0 $0
2014 $1,506 $70,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Ball

    Seller's Agent in 2021

    Andrew Ball

    SVN |Miller Commercial Real Estate

    (410) 422-3672

    33 in this area

    105 Total Sales

    Andrew Ball
    Section Image
  • Allison Conick

    Seller Co-Listing Agent in 2021

    Allison Conick

    SVN |Miller Commercial Real Estate

    (443) 365-2240

    2 in this area

    36 Total Sales

    Allison Conick
    Section Image
  • Joshua Mast

    Buyer's Agent in 2021

    Joshua Mast

    HomeSource Pro Real Estate

    (443) 454-1470

    3 in this area

    105 Total Sales

    Joshua Mast
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWC112066

Bright MLS

APN: 05-098912

Maryland Wicomico County Salisbury 21804 South Salisbury

301 Jo Anns Way, Salisbury, MD

This home is located at 301 Jo Anns Way, Salisbury, MD 21804 since 16 March 2021 and is currently estimated at $556,333, approximately $46 per square foot. This property was built in 1987. 301 Jo Anns Way is a home located in Wicomico County with nearby schools including Charles H. Chipman Elementary School, Glen Avenue Elementary School, and Wicomico Middle School.

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