501 E Lincoln Ave Salisbury, MD 21804
Presidents-Princeton Neighborhood
3
Beds
1
Bath
1,088
Sq Ft
7,150
Sq Ft Lot
Highlights
- Wood Flooring
- Corner Lot
- Formal Dining Room
- Main Floor Bedroom
- No HOA
- Porch
About This Home
As of May 2025Adorable and Affordable - 3BR/1BA bungalow w/basement and two porches on a roomy corner lot near shopping, dining, and events in Salisbury's vibrant Downtown, City Park and Zoo, minutes to the University - tucked on a residential street. Sizes, taxes approximate. Original charm - deep porches, wood floors, arched doorways. Welcoming brick pathway leads to the front porch. Living room w/ lots of sunlight and wood floors. Formal dining room w/chair-rail molding, wood floors. 2 first-floor bedrooms with wood floors. Full bath w/tub/shower combo. Upstairs, a spacious 3rd bedroom / loft. Unfinished basement w/laundry area, and tons of storage space. Shared gravel driveway, nice-sized storage shed. Sizes, taxes approximate. Owners are licensed realtors in the states of Maryland and Delaware; agent has financial interest.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,163
Year Built
- Built in 1932
Lot Details
- 7,150 Sq Ft Lot
- Lot Dimensions are 50x150
- Corner Lot
- Property is zoned R8
Home Design
- Bungalow
- Permanent Foundation
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- Property has 1.5 Levels
- Living Room
- Formal Dining Room
- Unfinished Basement
- Laundry in Basement
- Electric Oven or Range
- Laundry Room
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 1 Full Bathroom
- Bathtub with Shower
Parking
- 4 Parking Spaces
- 4 Driveway Spaces
- Gravel Driveway
- Shared Driveway
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Shed
- Porch
Schools
- Prince Street Elementary School
- Bennett Middle School
- James M. Bennett High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 48
- Assessor Parcel Number 2313037426
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 21, 2025
Closed on
May 30, 2025
Sold by
Ampas Invs Llc
Bought by
Dinota Laurie
Seller's Agent
Rachael Fritts
RE/MAX Advantage Realty
Buyer's Agent
Kelley Bjorkland
Coldwell Banker Realty
List Price
$235,000
Sold Price
$210,000
Premium/Discount to List
-$25,000
-10.64%
Total Days on Market
90
Views
270
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.82%
Original Mortgage
$168,000
Outstanding Balance
$168,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$48,554
Purchase Details
Listed on
Jul 24, 2024
Closed on
Nov 15, 2024
Sold by
Tj Treasures Llc
Bought by
Ampas Invs Llc
Seller's Agent
Richard Barr
EXP Realty, LLC
Buyer's Agent
Aubrey Campbell
Keller Williams Realty Delmarva
List Price
$205,000
Sold Price
$152,500
Premium/Discount to List
-$52,500
-25.61%
Views
121
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
80.85%
Original Mortgage
$157,500
Interest Rate
6.32%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 15, 2006
Sold by
Ward Kevin T
Bought by
East Coast R & R Llc
Purchase Details
Closed on
Feb 9, 2006
Sold by
Ward Kevin T
Bought by
East Coast R & R Llc
Purchase Details
Closed on
Oct 21, 1991
Sold by
Travers William H
Bought by
Ward Kevin T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
8.82%
Similar Homes in Salisbury, MD
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $210,000 | Title Resources Guaranty | |
| Deed | $210,000 | Title Resources Guaranty | |
| Deed | $152,500 | None Listed On Document | |
| Deed | $90,000 | -- | |
| Deed | $90,000 | -- | |
| Deed | $44,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $168,000 | New Conventional | |
| Closed | $168,000 | New Conventional | |
| Previous Owner | $157,500 | Construction | |
| Previous Owner | $44,000 | No Value Available | |
| Closed | -- | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $210,000 | -4.5% | $193 / Sq Ft |
| 04/23/2025 04/23/25 | Price Changed | $220,000 | -2.2% | $202 / Sq Ft |
| 03/21/2025 03/21/25 | Price Changed | $225,000 | -4.3% | $207 / Sq Ft |
| 02/21/2025 02/21/25 | For Sale | $235,000 | +54.1% | $216 / Sq Ft |
| 11/15/2024 11/15/24 | Sold | $152,500 | -19.7% | $140 / Sq Ft |
| 10/22/2024 10/22/24 | Pending | -- | -- | -- |
| 10/07/2024 10/07/24 | Price Changed | $189,990 | -2.6% | $175 / Sq Ft |
| 09/18/2024 09/18/24 | Price Changed | $194,990 | -2.5% | $179 / Sq Ft |
| 08/19/2024 08/19/24 | Price Changed | $199,999 | -2.4% | $184 / Sq Ft |
| 07/24/2024 07/24/24 | For Sale | $205,000 | -- | $188 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,041 | $108,600 | $13,100 | $95,500 |
| 2023 | $1,031 | $103,367 | $0 | $0 |
| 2022 | $1,000 | $98,133 | $0 | $0 |
| 2021 | $950 | $92,900 | $13,100 | $79,800 |
| 2020 | $954 | $92,467 | $0 | $0 |
| 2019 | $963 | $92,033 | $0 | $0 |
| 2018 | $1,789 | $91,600 | $13,100 | $78,500 |
| 2017 | $1,592 | $84,967 | $0 | $0 |
| 2016 | -- | $78,333 | $0 | $0 |
| 2015 | $1,489 | $71,700 | $0 | $0 |
| 2014 | $1,489 | $71,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2025
Rachael Fritts
RE/MAX Advantage Realty
-
K
Buyer's Agent in 2025
Kelley Bjorkland
Coldwell Banker Realty
-
R
Seller's Agent in 2024
Richard Barr
EXP Realty, LLC
-
A
Buyer's Agent in 2024
Aubrey Campbell
Keller Williams Realty Delmarva
Map
Source: Bright MLS
MLS Number: MDWC2014554
APN: 13-037426
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