NOT LISTED FOR SALE

500 Riverside Dr Salisbury, MD 21801

North Camden Neighborhood

Estimated Value: $1,245,167

3.04 Acres
$409,594 Price per Acre
132,422 Sq Ft Lot

Sale Details

Date Sold: February 13, 2017

Last sale price $650,000

Est. 92% increase in value since last sale

Current estimated payment $7,343 / 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

Range of Values:

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

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Average Value
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List Price
Sold Price
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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
Devreco Llc
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
$1,245,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$595,167
Avg. Annual Appreciation
7.03%
Original Mortgage
$520,000
Outstanding Balance
$419,493
Interest Rate
4.16%
Mortgage Type
Commercial
Estimated Equity
$825,674

Purchase Details

Listed on
Jun 11, 2010
Closed on
Dec 19, 2013
Sold by
Spiro Investments Llc
Bought by
Devreco Llc
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
4.24%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 11, 2004
Sold by
Cavalier Resources Limited
Bought by
Spiro Investments Llc

Purchase Details

Closed on
Aug 11, 1977
Sold by
Holland, William T Jr, Trustee
Bought by
Isear Jerome A
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in North Camden, MD

  • Dustin Oldfather Real Estate Agent - Compass

    Dustin Oldfather

    Compass

    (302) 393-2276

    1,391 Total Sales

    2 in North Camden

    $110K - $200K Price Range

    Dustin Oldfather
     Section Image
  • Laurie Cannon Real Estate Agent - ERA Martin Associates

    Laurie Cannon

    ERA Martin Associates

    (410) 936-3324

    132 Total Sales

    9 in North Camden

    $175K - $970K Price Range

    Laurie Cannon
     Section Image
  • Holly Worthington Real Estate Agent - Worthington Realty Group, LLC

    Holly Worthington

    Worthington Realty Group, LLC

    (443) 493-7652

    166 Total Sales

    13 in North Camden

    $140K - $419K Price Range

    Holly Worthington
     Section Image
  • Charlene Spence Real Estate Agent - The Spence Realty Group

    Charlene Spence

    Responds Quickly

    The Spence Realty Group

    (443) 727-1854

    133 Total Sales

    4 in North Camden

    $8K - $220K Price Range

    Charlene Spence
     Section Image
  • Bonnie Flinn Real Estate Agent - ERA Martin Associates

    Bonnie Flinn

    ERA Martin Associates

    (443) 383-3599

    101 Total Sales

    3 in North Camden

    $87K - $260K Price Range

    Bonnie Flinn
     Section Image
  • Jim Terrill Real Estate Agent - RE/MAX One

    Jim Terrill

    RE/MAX One

    (302) 248-3797

    98 Total Sales

    1 in North Camden

    $549,000 Price

    Jim Terrill
     Section Image
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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
Devreco Llc $500,000 None Available
Spiro Investments Llc $1,400,000 --
Isear Jerome A $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
Open $520,000
Previous Owner Devreco Llc $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
2026 $5,671 $654,000 $654,000 $0
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

  • Brad Gillis Real Estate Agent - NAI Coastal

    Seller's Agent in 2017

    Brad Gillis

    NAI Coastal

    (410) 430-6838

    8 Total Sales

    Brad Gillis
    Section Image
  • Richard Gilkerson Real Estate Agent - NAI Coastal

    Seller Co-Listing Agent in 2017

    Richard Gilkerson

    NAI Coastal

    (443) 880-6055

    3 Total Sales

    Richard Gilkerson
    Section Image
  • Henry Hanna Real Estate Agent - SVN |Miller Commercial Real Estate

    Buyer's Agent in 2017

    Henry Hanna

    SVN |Miller Commercial Real Estate

    (410) 543-2419

    53 Total Sales

    Henry Hanna
    Section Image
  • Wesley Cox, CCIM Real Estate Agent - SVN |Miller Commercial Real Estate

    Seller Co-Listing Agent in 2013

    Wesley Cox, CCIM

    SVN |Miller Commercial Real Estate

    (410) 251-6408

    30 Total Sales

    Wesley Cox, CCIM
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000863032

Bright MLS

APN: 13-028575

Maryland Wicomico County Salisbury 21801 North Camden

500 Riverside Dr, Salisbury, MD

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