NOT LISTED FOR SALE

317 E Main St Salisbury, MD 21801

Downtown Salisbury Neighborhood

Estimated Value: $354,211

0.37 Acre
$957,327 Price per Acre
16,117 Sq Ft Lot

Last Sold April 12, 2022

Last sale price $300,000

Est. 18% increase in value since last sale

Current estimated payment $2,080/month

314 Days on Market

About This Lot

As of April 2022

Prime .37 Acre Lot in the heart of Downtown Salisbury. This piece is ready for development. Current Owner does have previous building plans on file to be viewed upon request.

Last Agent to Sell the Property

Caleb Brady

(757) 709-0201 caleb@truenorthgr.com Real Broker, LLC License #660718 Listed on: 03/23/2021

Real Broker, LLC

Last Buyer's Agent

John McClellan, CCIM

(410) 430-9964 john.mcclellan@svn.com SVN |Miller Commercial Real Estate

SVN |Miller Commercial Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,577

Lot Details

  • 0.37 Acre Lot
  • Property is zoned CBD

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 05-025796

Property Details

Property Type

Land

Est. Annual Taxes

$4,577

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 24.63

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: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.37
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16234.00
  • Zoning: CBD
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5333057
  • Tax Annual Amount: 4577.00
  • Assessor Parcel Number: 05-025796
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2006
Sold by
Salisbury Wicomico Arts Council
Bought by
Downtown Development Llc
Current Estimated Value
$354,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,000
Outstanding Balance
$124,120
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$230,091

Purchase Details

Closed on
Jun 16, 2006
Sold by
Salisbury Wicomico Arts Council
Bought by
Downtown Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,000
Outstanding Balance
$124,120
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$230,091

Purchase Details

Closed on
Apr 12, 2002
Sold by
Capitol Industries Inc
Bought by
Salisbury Wicomico Arts Council

Purchase Details

Closed on
Aug 19, 1982
Sold by
Wootten N R
Bought by
Capitol Industries Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
16.44%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Downtown Development Llc $201,000 --
Downtown Development Llc $201,000 --
Salisbury Wicomico Arts Council -- --
Capitol Industries Inc $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Downtown Development Llc $211,000
Closed Downtown Development Llc $211,000
Previous Owner Capitol Industries Inc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2022 04/12/22 Sold $300,000 -25.0% --
01/31/2022 01/31/22 Pending -- -- --
12/21/2021 12/21/21 Price Changed $399,900 -5.9% --
07/30/2021 07/30/21 Price Changed $424,900 -13.3% --
03/23/2021 03/23/21 For Sale $489,900 -- --
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 $2,602 $293,500 $293,500 $0
2024 $2,602 $271,400 $0 $0
2023 $2,465 $249,300 $0 $0
2022 $2,315 $227,200 $227,200 $0
2021 $2,323 $227,200 $227,200 $0
2020 $2,343 $227,200 $227,200 $0
2019 $2,378 $227,200 $227,200 $0
2018 $4,683 $227,200 $227,200 $0
2017 $4,662 $227,200 $0 $0
2016 -- $231,300 $0 $0
2015 $3,571 $231,300 $0 $0
2014 $3,571 $231,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Caleb Brady

    Seller's Agent in 2022

    Caleb Brady

    Real Broker, LLC

    (757) 709-0201

    1 in this area

    30 Total Sales

    Caleb Brady
    Section Image
  • John McClellan, CCIM

    Buyer's Agent in 2022

    John McClellan, CCIM

    SVN |Miller Commercial Real Estate

    (410) 430-9964

    7 in this area

    65 Total Sales

    John McClellan, CCIM
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWC112088

Bright MLS

APN: 05-025796

Maryland Wicomico County Salisbury 21801 Downtown Salisbury

317 E Main St, Salisbury, MD

Not Listed for Sale

Lots

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