NOT LISTED FOR SALE

324 N Division St Salisbury, MD 21801

Newtown-North Division Neighborhood

Estimated Value: $305,664 - $428,000

Studio
3 Baths
4,372 Sq Ft
$86/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $330,000 $75 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,106/month

3 Days on Market

Highlights

  • 0.29 Acre Lot
  • Wood Flooring
  • Victorian Architecture
  • Dual Staircase
  • Main Floor Bedroom
  • 4-minute walk to Jeanette P. Chipman Boundless Playground

About This Home

As of March 2022

OPEN HOUSE SAT Feb 25 from 1-3pm --- What an excellemt chance to own this wonderful investment property, right near the heart of downtown Salisbury, in an area that's blossoming and is in the midst of a renaissance of it's own. 324 N Division is a nice blend of old and new, being a historic home yet having been updated with modern touches and finishings. The property hosts three highly sought after apartments, and a detached garage with two additional off-street and private parking spaces. A new roof and gutter system will give you the peace of mind that it won't have to be touched for decades. Previously grossing just under $4k/mo, the units are vacant, clean and ready for you to add your own touches, or fill them as they are, with tenants of your own choosing. With rents constantly increasing, and in demand, this is a great opportunity to jump into real estate investing or to add to your already growing portfolio. Don't let this one pass you by without a look!

Last Agent to Sell the Property

Wayne Smith

(302) 846-7839 walt.t@kw.com Keller Williams Realty Listed on: 02/25/2022

Keller Williams Realty

Last Buyer's Agent

Mark Glushakow

(410) 546-3211 andrew.mcbride@longandfoster.com Long & Foster Real Estate, Inc. License #646698

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,590

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot
  • Downtown Location
  • Extensive Hardscape
  • Cleared Lot
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • 4 Off-Street Spaces
  • Parking Storage or Cabinetry
  • Free Parking
  • Lighted Parking
  • Front Facing Garage
  • Circular Driveway
  • Stone Driveway
  • On-Street Parking

Home Design

  • Triplex
  • Victorian Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Rubber Roof
  • Asbestos
  • Stick Built Home

Interior Spaces

  • 4,372 Sq Ft Home
  • Dual Staircase
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Ceiling Fan
  • Awning
  • Window Treatments
  • Window Screens
  • Double Door Entry

Kitchen

  • Electric Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Home Security

  • Storm Windows
  • Storm Doors

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Patio
  • Exterior Lighting
  • Rain Gutters

Schools

  • North Salisbury Elementary School
  • Salisbury Middle School
  • Wicomico High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 2309054340

Community Details

Overview

  • 3 Units
  • 4-Story Building

Building Details

  • 3 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,590

Year Built

Built in 1900

Lot Details

0.29 Acres

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2022-02-26
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Oven/Range - Electric, Washer, Refrigerator
  • Flooring Type: Carpet, Hardwood, Tile/Brick, Vinyl
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Chair Railings, Crown Moldings, Walk-In Closet(s), Window Treatments, Additional Stairway, Built-Ins
  • Window Features: Screens, Storm
  • Door Features: Storm, Double Entry
  • Foundation Details: Other, Crawl Space
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 4372
  • Living Area Sq Ft: 4372
  • Price Per Sq Ft: 68.39
  • Above Grade Finished Sq Ft: 4372
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame, Asbestos, Stick Built
  • Exterior Features: Awning(s), Extensive Hardscape, Exterior Lighting, Gutter System, Street Lights
  • Roof: Architectural Shingle, Rubber
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Circular Driveway, Free, Lighted Parking, Private, Stone Driveway
  • Garage Features: Additional Storage Area, Garage - Front Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street, Detached Garage, On Street
  • Off Street Parking Spaces: 4

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: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: NORTH SALISBURY
  • High School: WICOMICO
  • Middle Or Junior School: SALISBURY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.29
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12498.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Good
  • Zoning: R8
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5351205
  • Tax Annual Amount: 3590.00
  • Assessor Parcel Number: 2309054340
  • Tax Lot: 17
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Number Of Units Vacant: 3

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 21, 2022
Sold by
Ryan Daniher
Bought by
Two Cousins Rentals Llc
Seller's Agent
Wayne Smith
Keller Williams Realty
Buyer's Agent
Mark Glushakow
Long & Foster Real Estate, Inc.
List Price
$299,000
Sold Price
$330,000
Premium/Discount to List
$31,000
10.37%
Current Estimated Value
$376,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,166
Avg. Annual Appreciation
3.34%
Original Mortgage
$335,000
Outstanding Balance
$313,832
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$62,334

Purchase Details

Closed on
May 29, 2018
Sold by
Cathey Rebecca A
Bought by
Daniher Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,924
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 17, 2003
Sold by
Donaldson Douglas M
Bought by
Cathey Rebecca A

Purchase Details

Closed on
Oct 5, 2000
Sold by
Gaskill Margaret O
Bought by
Donaldson Douglas M

Purchase Details

Closed on
Dec 3, 1986
Sold by
Gaskill Clement M
Bought by
Gaskill Margaret O
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Two Cousins Rentals Llc $330,000 None Listed On Document
Daniher Ryan $225,000 Sage Title Group Llc
Cathey Rebecca A $141,000 --
Donaldson Douglas M $116,500 --
Gaskill Margaret O $45,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Two Cousins Rentals Llc $335,000
Previous Owner Daniher Ryan $220,924
Closed Cathey Rebecca A --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $330,000 +10.4% $75 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $299,000 0.0% $68 / Sq Ft
10/28/2015 10/28/15 Rented $1,100 0.0% --
09/28/2015 09/28/15 Under Contract -- -- --
01/28/2015 01/28/15 For Rent $1,100 -- --
Source: Bright MLS

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 $1,770 $193,700 $0 $0
2024 $1,746 $182,100 $21,100 $161,000
2023 $1,803 $180,800 $0 $0
2022 $1,829 $179,500 $0 $0
2021 $1,822 $178,200 $21,100 $157,100
2020 $1,838 $178,200 $21,100 $157,100
2019 $1,865 $178,200 $21,100 $157,100
2018 $3,494 $188,400 $21,100 $167,300
2017 $3,033 $168,767 $0 $0
2016 -- $149,133 $0 $0
2015 $2,574 $129,500 $0 $0
2014 $2,574 $129,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2022

    Wayne Smith

    Keller Williams Realty

    (410) 251-8406

    4 in this area

    14 Total Sales

    Wayne Smith
    Section Image
  • Mark Glushakow

    Buyer's Agent in 2022

    Mark Glushakow

    Long & Foster

    (410) 430-5873

    1 in this area

    80 Total Sales

    Mark Glushakow
    Section Image
  • Brandon Brittingham

    Seller's Agent in 2015

    Brandon Brittingham

    EXP Realty, LLC

    (443) 783-3928

    772 Total Sales

    Brandon Brittingham
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWC2003930

Bright MLS

APN: 09-054340

Maryland Wicomico County Salisbury 21801 Newtown-North Division

324 N Division St, Salisbury, MD

Not Listed for Sale

MultiFamily

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