NOT LISTED FOR SALE

Estimated Value: $1,234,506

3.04 Acres
$406,088 Price per Acre
132,422 Sq Ft Lot

Sale Details

Date Sold: February 13, 2017

Last sale price $650,000

Est. 90% increase in value since last sale

Current estimated payment $7,141 / mo

1066 Days on Market

Highlights

  • Home fronts navigable water
  • River View
  • No HOA
  • Water Access
  • 3.04 Acre Lot

About This Lot

As of February 2017

Waterfront property available on busy intersection on the Wicomico River, located just around the corner form the Downtown Plaza and Courthouse, and down the road from the Hospital. Great commercial opportunity.

Last Agent to Sell the Property

Brad Gillis

(410) 543-5115 brad@naicoastal.com NAI Coastal Listed on: 12/27/2013

NAI Coastal

Co-Listed By

Richard Gilkerson

(410) 543-5115 joey@naicoastal.com NAI Coastal

Last Buyer's Agent

Henry Hanna

(410) 543-2440 brent.miller@svn.com SVN |Miller Commercial Real Estate

SVN |Miller Commercial Real Estate

Property Details

Property Type

  • Land

Lot Details

  • 3.04 Acre Lot
  • Home fronts navigable water
  • Cleared Lot
  • Zoning described as CBD

Property Views

  • River Views

Schools

  • Pinehurst Elementary School
  • Bennett Middle School
  • James M. Bennett High School

Utilities

  • Water Service Lateral Not Installed
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Tax Lot 1499
  • Assessor Parcel Number 028575

Community Details

Overview

  • No Home Owners Association

Recreation

  • Water Access
  • River Nearby
  • Bulkhead

Property Details

Property Type

Land

Lot Details

3.04 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Commercial, Office, Residential, Retail
  • Historic: No
  • New Construction: No
  • Special Features: 12

Exterior Features

  • Construction Completed: No
  • View: River, Water
  • Water Access: Yes
  • Water Body Type: River
  • Water Frontage Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Lateral Not Installed/Must Tap Off Main, Public

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • Elementary School: PINEHURST
  • High School: JAMES M. BENNETT
  • Middle Or Junior School: BENNETT

Lot Info

  • Lot Features: Bulkheaded, Cleared
  • Lot Size Acres: 3.04
  • Possible Use: Commercial
  • Zoning Description: CBD
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5361606
  • Assessor Parcel Number: 028575
  • Tax Lot: 1499
  • County Tax Payment Frequency: Annually

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2013
Closed on
Jan 31, 2017
Sold by
Bought by
Seller's Agent
Brad Gillis
NAI Coastal
Buyer's Agent
Henry Hanna
SVN |Miller Commercial Real Estate
List Price
$1,000,000
Sold Price
$650,000
Premium/Discount to List
-$350,000
-35%
Current Estimated Value
$1,234,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$584,506
Avg. Annual Appreciation
6.81%
Original Mortgage
$520,000
Interest Rate
0.0416%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 11, 2010
Closed on
Dec 19, 2013
Sold by
Bought by
Seller's Agent
Henry Hanna
SVN |Miller Commercial Real Estate
Buyer's Agent
Brad Gillis
NAI Coastal
List Price
$1,950,000
Sold Price
$500,000
Premium/Discount to List
-$1,450,000
-74.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.69%
Original Mortgage
$500,000
Interest Rate
0.0424%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 11, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 11, 1977
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$650,000 None Available
$500,000 None Available
$1,400,000 --
$110,100 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $520,000
Closed $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/13/2017 02/13/17 Sold $650,000 -35.0% --
01/14/2017 01/14/17 Pending -- -- --
12/27/2013 12/27/13 For Sale $1,000,000 +100.0% --
12/20/2013 12/20/13 Sold $500,000 -74.4% -- View Prior Sale
12/13/2013 12/13/13 Pending -- -- --
06/11/2010 06/11/10 For Sale $1,950,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,671 $654,000 $654,000 $0
2024 $6,271 $654,000 $654,000 $0
2023 $6,466 $654,000 $654,000 $0
2022 $5,909 $654,000 $654,000 $0
2021 $5,819 $649,800 $649,800 $0
2020 $5,819 $599,867 $0 $0
2019 $5,756 $549,933 $0 $0
2018 $10,195 $500,000 $500,000 $0
2017 $10,195 $500,000 $0 $0
2016 -- $500,000 $0 $0
2015 $20,578 $500,000 $0 $0
2014 $20,578 $938,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000863032

Bright MLS

APN: 13-028575

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