NOT LISTED FOR SALE

507 E Lincoln Ave Salisbury, MD 21804

Presidents-Princeton Neighborhood

Estimated Value: $188,000 - $212,000

3 Beds
1 Bath
864 Sq Ft
$234/Sq Ft Est. Value

Sale Details

Date Sold: May 26, 2021

Last sale price $132,500 $153 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,210 / mo

8 Days on Market

Highlights

  • 0.21 Acre Lot
  • Bungalow
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

As of May 2021

This home is located at 507 E Lincoln Ave, Salisbury, MD 21804 since 18 March 2021 and is currently estimated at $202,420, approximately $234 per square foot. This property was built in 1934. 507 E Lincoln Ave is a home located in Wicomico County with nearby schools including Prince Street Elementary School, Bennett Middle School, and James M. Bennett High School.

Last Agent to Sell the Property

Margo Sarbanes

(410) 208-3500 oceanpines@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty - OP Listed on: 03/18/2021

Berkshire Hathaway HomeServices PenFed Realty - OP

Last Buyer's Agent

LaVon Adkins

(410) 749-1818 vons24@aol.com ERA Martin Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $901

Year Built

  • Built in 1934

Lot Details

  • 9,152 Sq Ft Lot
  • Property is zoned R8

Parking

  • Off-Street Parking

Home Design

  • Bungalow
  • Aluminum Siding

Interior Spaces

  • 864 Sq Ft Home
  • Property has 1.5 Levels
  • Basement

Bedrooms and Bathrooms

  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 51P52
  • Assessor Parcel Number 13-045380

Home Details

Home Type

Single Family

Est. Annual Taxes

$901

Year Built

Built in 1934

Lot Details

9,152 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1934
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 1.5
  • Basement: Yes
  • Total Sq Ft: 864
  • Living Area Sq Ft: 864
  • Price Per Sq Ft: 156.25
  • Above Grade Finished Sq Ft: 864
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.21
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9152.00
  • Zoning: R8
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5362808
  • Tax Annual Amount: 901.00
  • Assessor Parcel Number: 13-045380
  • Tax Lot: 51P52
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

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
Mar 18, 2021
Closed on
May 28, 2021
Sold by
Bought by
Seller's Agent
Margo Sarbanes
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
LaVon Adkins
ERA Martin Associates
List Price
$135,000
Sold Price
$132,500
Premium/Discount to List
-$2,500
-1.85%
Current Estimated Value
$202,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,920
Avg. Annual Appreciation
8.72%
Original Mortgage
$130,099
Outstanding Balance
$117,788
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$84,632

Purchase Details

Closed on
Feb 23, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 20, 2006
Sold by
Bought by

Purchase Details

Closed on
Apr 16, 1999
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 1988
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
10.4%
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
$132,500 None Available
$90,000 --
$90,000 --
-- --
$28,500 --
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 $130,099
Previous Owner $25,000
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
05/26/2021 05/26/21 Sold $132,500 -1.9% $153 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $135,000 -- $156 / Sq Ft
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 $1,429 $156,400 $0 $0
2024 $1,321 $137,800 $15,100 $122,700
2023 $1,055 $106,700 $0 $0
2022 $770 $75,600 $0 $0
2021 $455 $44,500 $15,100 $29,400
2020 $456 $44,233 $0 $0
2019 $460 $43,967 $0 $0
2018 $932 $43,700 $15,100 $28,600
2017 $862 $42,833 $0 $0
2016 -- $41,967 $0 $0
2015 $1,212 $41,100 $0 $0
2014 $1,212 $41,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Margo Sarbanes

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (443) 235-6613

    3 in this area

    68 Total Sales

    Margo Sarbanes
    Section Image
  • LaVon Adkins

    Buyer's Agent in 2021

    LaVon Adkins

    ERA Martin Associates

    (410) 251-4497

    6 in this area

    79 Total Sales

    LaVon Adkins
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWC112120

Bright MLS

APN: 13-045380

Maryland Wicomico County Salisbury 21804 Presidents-Princeton

507 E Lincoln Ave, Salisbury, MD

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