NOT LISTED FOR SALE

318 Cherry Way Salisbury, MD 21804

North Salisbury Neighborhood

Estimated Value: $127,000 - $154,221

3 Beds
1 Bath
874 Sq Ft
$161/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $103,000 $118 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $806/month

Highlights

  • No HOA
  • Bungalow
  • Multiple cooling system units
  • Paneling
  • Ceiling height of 9 feet or more
  • Back Up Gas Heat Pump System

About This Home

As of August 2022

The exterior home features a metal roof, vinyl siding, upgraded windows, a large storage shed, spacious back yard with plenty of parking. The exterior features a large eat in kitchen with plenty of cabinet space , hardwood flooring,, and a large living room .

Last Agent to Sell the Property

Rebecca Ward

(410) 713-1986 rward.rma@gmail.com Coldwell Banker Premier - Rehoboth Listed on: 06/29/2022

Coldwell Banker Premier - Rehoboth

Last Buyer's Agent

Suzanah Cain

(410) 430-2118 suzanahoc@aol.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS0014975

Berkshire Hathaway HomeServices PenFed Realty - OP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $536

Year Built

  • Built in 1947

Lot Details

  • 7,500 Sq Ft Lot
  • Property is zoned R15

Home Design

  • Bungalow
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 874 Sq Ft Home
  • Property has 1 Level
  • Paneling
  • Ceiling height of 9 feet or more

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces
  • Dirt Driveway

Schools

  • East Salisbury Elementary School
  • Wicomico Middle School
  • Wicomico High School

Utilities

  • Multiple cooling system units
  • Back Up Gas Heat Pump System
  • 220 Volts
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 2305045177

Home Details

Home Type

Single Family

Est. Annual Taxes

$536

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-06-29
  • Federal Flood Zone: No
  • Year Built: 1947
  • Automatically Close On Close Date: No
  • Remarks Public: The exterior home features a metal roof, vinyl siding, upgraded windows, a large storage shed, spacious back yard with plenty of parking. The exterior features a large eat in kitchen with plenty of cabinet space , hardwood flooring,, and a large living room .
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall, Paneled Walls
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 874
  • Living Area Sq Ft: 874
  • Price Per Sq Ft: 113.27
  • Above Grade Finished Sq Ft: 874
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 318

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
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Dirt Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Multi Units
  • Electric Service: 220 Volts
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: WICOMICO COUNTY PUBLIC SCHOOLS
  • Elementary School: EAST SALISBURY
  • Middle School: WICOMICO
  • High School: WICOMICO
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138751831
  • School District Source: 3rd Party
  • Elementary School: EAST SALISBURY
  • High School: WICOMICO
  • Middle Or Junior School: WICOMICO

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.17
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Year Assessed: 2022
  • Zoning: R15
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5334628
  • Tax Annual Amount: 536.00
  • Assessor Parcel Number: 2305045177
  • Tax Lot: 20
  • Tax Total Finished Sq Ft: 874
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/15/2022

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Aug 15, 2022
Sold by
Hamblin Jr William F
Bought by
Bowles Johana
Seller's Agent
Rebecca Ward
Coldwell Banker Premier - Rehoboth
Buyer's Agent
Suzanah Cain
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$99,900
Sold Price
$103,000
Premium/Discount to List
$3,100
3.1%
Current Estimated Value
$140,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,805
Avg. Annual Appreciation
10.30%
Original Mortgage
$94,007
Outstanding Balance
$89,875
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$50,930
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bowles Johana $103,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowles Johana $94,007
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2022 08/15/22 Sold $103,000 +3.1% $118 / Sq Ft
07/02/2022 07/02/22 Pending -- -- --
06/29/2022 06/29/22 For Sale $99,900 -- $114 / 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 $740 $78,800 $25,200 $53,600
2024 $740 $70,933 $0 $0
2023 $683 $63,067 $0 $0
2022 $598 $55,200 $25,200 $30,000
2021 $563 $52,000 $0 $0
2020 $553 $48,800 $0 $0
2019 $477 $45,600 $17,200 $28,400
2018 $495 $43,467 $0 $0
2017 $477 $41,333 $0 $0
2016 -- $39,200 $0 $0
2015 $451 $39,200 $0 $0
2014 $451 $39,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Ward

    Seller's Agent in 2022

    Rebecca Ward

    Coldwell Banker Premier - Rehoboth

    (410) 713-1986

    4 in this area

    32 Total Sales

    Rebecca Ward
    Section Image
  • Suzanah Cain

    Buyer's Agent in 2022

    Suzanah Cain

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (410) 430-2118

    38 in this area

    347 Total Sales

    Suzanah Cain
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWC2005712

Bright MLS

APN: 05-045177

Maryland Wicomico County Salisbury 21804 North Salisbury

318 Cherry Way, Salisbury, MD

This home is located at 318 Cherry Way, Salisbury, MD 21804 since 29 June 2022 and is currently estimated at $140,805, approximately $161 per square foot. This property was built in 1947. 318 Cherry Way is a home located in Wicomico County with nearby schools including Beaver Run Elementary School, East Salisbury Elementary School, and Wicomico Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes