NOT LISTED FOR SALE

502 E Locust St Salisbury, MD 21804

Presidents-Princeton Neighborhood

Estimated Value: $244,000 - $484,000

0.07 Acre
$5,200,000 Price per Acre
3,128 Sq Ft Lot

Last Sold October 18, 2024

Last sale price $7,950

Est. 4,479% increase in value since last sale

Current estimated payment $1,907/month

134 Days on Market

About This Lot

As of October 2024

Sellers willing to look at creative financing. Bring all offers! Prime Opportunity: Vacant Land Parcel! Welcome to your canvas of possibility, a 0.07-acre vacant land waiting to be transformed into your dream oasis. This parcel offers a rare chance to craft your ideal vision from the ground up. Unlimited Potential: With ample space to realize your aspirations, this land parcel presents limitless possibilities. Whether you dream of building your custom-designed home, creating a charming garden retreat, or establishing a cozy community space, the choice is yours. Convenient Location: This parcel is conveniently located near essential amenities, ensuring both serenity and convenience. The land is a mere 5 minutes to Salisbury University, which means you can hit all the essentials along the way: Tidal Health Peninsula Regional, Wawa, Rita's, Planet Fitness, Rise Up Coffee, Cook Out, and so much more! Your Vision, Your Reality: Seize this rare opportunity to shape your future. Whether you're an aspiring homeowner, a visionary developer, or an investor seeking the perfect canvas, this vacant land parcel invites you to turn your dreams into reality. Don't miss out on this chance to create something truly extraordinary. Embrace the allure of vacant land ownership and embark on a journey of endless possibilities. Schedule your viewing today and unlock the potential of this remarkable property.

Last Agent to Sell the Property

Adeline Hessel

adelinehesselre@gmail.com Coldwell Banker Realty Listed on: 05/13/2024

Coldwell Banker Realty

Last Buyer's Agent

Bonnie Flinn

(443) 614-7766 bflinn1985@gmail.com ERA Martin Associates License #5004665

Property Details

Property Type

  • Land

Lot Details

  • 3,128 Sq Ft Lot
  • Property is zoned R5A

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 2313015244

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 3.20

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3128.00
  • Zoning: R5A
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 82.00
  • Assessor Parcel Number: 2313015244
  • Tax Lot: 21
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Oct 15, 2024
Sold by
Royal Peninsula Llc
Bought by
St Fleur Locita
Seller's Agent
Adeline Hessel
Coldwell Banker Realty
Buyer's Agent
Bonnie Flinn
ERA Martin Associates
List Price
$17,500
Sold Price
$7,950
Premium/Discount to List
-$9,550
-54.57%
Views
64
Current Estimated Value
$364,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,050
Avg. Annual Appreciation
2084.25%

Purchase Details

Closed on
Apr 26, 2024
Sold by
Griffith Dewey V
Bought by
Royal Peninsula Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000
Interest Rate
6.79%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 5, 1975
Sold by
Akinruli Joseph and Akinruli Dora
Bought by
Shores Verna B
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

Date Buyer Sale Price Title Company
St Fleur Locita $7,950 Old Republic Title
St Fleur Locita $7,950 Old Republic Title
Royal Peninsula Llc $8,000 Old Republic Title
Royal Peninsula Llc $8,000 Old Republic Title
Shores Verna B $1,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Royal Peninsula Llc $6,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2024 10/18/24 Sold $7,950 -20.5% --
08/19/2024 08/19/24 Price Changed $9,999 -23.1% --
07/31/2024 07/31/24 Price Changed $12,999 -13.3% --
06/17/2024 06/17/24 Price Changed $14,999 -14.3% --
05/13/2024 05/13/24 For Sale $17,500 -- --
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 $44 $4,767 $0 $0
2024 $39 $4,100 $4,100 $0
2023 $41 $4,100 $4,100 $0
2022 $42 $4,100 $4,100 $0
2021 $42 $4,100 $4,100 $0
2020 $42 $4,100 $4,100 $0
2019 $43 $4,100 $4,100 $0
2018 $103 $4,100 $4,100 $0
2017 $103 $4,100 $0 $0
2016 -- $4,100 $0 $0
2015 $340 $17,100 $0 $0
2014 $340 $17,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Adeline Hessel

    Coldwell Banker Realty

    1 in this area

    16 Total Sales

    Adeline Hessel
    Section Image
  • Bonnie Flinn

    Buyer's Agent in 2024

    Bonnie Flinn

    ERA Martin Associates

    (443) 614-7766

    9 in this area

    92 Total Sales

    Bonnie Flinn
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWC2013674

Bright MLS

APN: 13-015244

Maryland Wicomico County Salisbury 21804 Presidents-Princeton

502 E Locust St, Salisbury, MD

Not Listed for Sale

Lots

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