NOT LISTED FOR SALE

513 Tony Tank Ln Salisbury, MD 21801

South Salisbury Neighborhood

Estimated Value: $1,050,353

6 Beds
4.5 Baths
4,021 Sq Ft
$261/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $1,000,000 $249 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,086/month

Highlights

  • 50 Feet of Waterfront
  • Colonial Architecture
  • Circular Driveway
  • 1 Boat Dock
  • 2 Fireplaces
  • 3 Car Attached Garage

About This Home

As of September 2023

This home is located at 513 Tony Tank Ln, Salisbury, MD 21801 since 19 October 2023 and is currently priced at $1,050,353, approximately $261 per square foot. This property was built in 1968. 513 Tony Tank Ln is a home located in Wicomico County with nearby schools including Pinehurst Elementary School, Bennett Middle School, and James M. Bennett High School.

Last Agent to Sell the Property

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office Listed on: 10/19/2023

Last Buyer's Agent

April Tucker

(443) 365-3483 april.tucker@era.com ERA Martin Associates License #682044

ERA Martin Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,752

Year Built

  • Built in 1968

Lot Details

  • 0.71 Acre Lot
  • 50 Feet of Waterfront
  • Property is in very good condition
  • Property is zoned R20

HOA Fees

  • $16 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Front Facing Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Architectural Shingle Roof

Interior Spaces

  • Property has 2 Levels
  • 2 Fireplaces
  • Gas Fireplace
  • Laundry on main level
  • Partially Finished Basement

Bedrooms and Bathrooms

Outdoor Features

  • Water Access
  • Property is near a lake
  • 1 Boat Dock
  • Dock made with Composite Material

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Tony Tank Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 2316001570

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,752

Year Built

Built in 1968

Lot Details

0

HOA Fees

$16 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Brick/Mortar
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Partially Finished
  • Laundry Type: Main Floor
  • Total Sq Ft: 6232
  • Living Area Sq Ft: 4021
  • Price Per Sq Ft: 273.56
  • Above Grade Finished Sq Ft: 4021
  • Below Grade Sq Ft: 2211
  • Total Below Grade Sq Ft: 2211
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 513

Beds/Baths

  • Bedrooms: 6
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Architectural Shingle
  • Water Access: Yes
  • Water Body Name: Tony Tank Lake
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Circular Driveway, Asphalt Driveway
  • Garage Features: Garage - Rear Entry, Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 190.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: WICOMICO COUNTY PUBLIC SCHOOLS
  • School District Key: 121138751831
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.71
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 30996.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: R20
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5752.00
  • Assessor Parcel Number: 2316001570
  • Tax Lot: 10
  • Tax Total Finished Sq Ft: 4021
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/22/2023

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2023
Closed on
Sep 22, 2023
Sold by
Todd James C
Bought by
Morgan William Hamilton and Morgan Kelsey Frills
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
April Tucker
ERA Martin Associates
List Price
$1,000,000
Sold Price
$1,000,000
Current Estimated Value
$1,050,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,353
Avg. Annual Appreciation
2.46%
Original Mortgage
$600,000
Outstanding Balance
$587,275
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$463,078

Purchase Details

Closed on
Mar 1, 2019
Sold by
Todd James C and Selzer Mary L
Bought by
Todd James C

Purchase Details

Closed on
Jun 10, 1999
Sold by
Schaefer Craig J and Schaefer Frances H
Bought by
Todd James C and Selzer Mary L

Purchase Details

Closed on
Dec 29, 1986
Sold by
Benjamin Alvin I and Benjamin Harriet G
Bought by
Schaefer Craig J and Schaefer Frances H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
9.29%
Source: Public Records

Range of Values:

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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
Morgan William Hamilton $1,000,000 None Listed On Document
Todd James C -- Accommodation
Todd James C $425,000 --
Schaefer Craig J $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan William Hamilton $600,000
Previous Owner Schaefer Craig J $260,000
Closed Todd James C --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2023 10/19/23 For Sale $1,000,000 0.0% $249 / Sq Ft
09/22/2023 09/22/23 Sold $1,000,000 -- $249 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
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 $5,753 $725,067 $0 $0
2024 $5,753 $593,800 $178,100 $415,700
2023 $5,785 $579,133 $0 $0
2022 $5,812 $564,467 $0 $0
2021 $2,750 $549,800 $178,100 $371,700
2020 $2,750 $533,333 $0 $0
2019 $5,470 $516,867 $0 $0
2018 $5,323 $500,400 $178,100 $322,300
2017 $5,261 $494,467 $0 $0
2016 -- $488,533 $0 $0
2015 $6,365 $482,600 $0 $0
2014 $6,365 $482,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • April Tucker

    Buyer's Agent in 2023

    April Tucker

    ERA Martin Associates

    (443) 365-3483

    22 in this area

    80 Total Sales

    April Tucker
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Map

Source: Bright MLS

MLS Number: MDWC2009992

Bright MLS

APN: 16-001570

Maryland Wicomico County Salisbury 21801 South Salisbury

513 Tony Tank Ln, Salisbury, MD

This home is located at 513 Tony Tank Ln, Salisbury, MD 21801 since 19 October 2023 and is currently priced at $1,050,353, approximately $261 per square foot. This property was built in 1968. 513 Tony Tank Ln is a home located in Wicomico County with nearby schools including Pinehurst Elementary School, Bennett Middle School, and James M. Bennett High School.

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