NOT LISTED FOR SALE

515 Wailes St Salisbury, MD 21804

Church Street-Doverdale Neighborhood

Estimated Value: $191,000 - $241,000

5 Beds
2 Baths
1,757 Sq Ft
$125/Sq Ft Est. Value

Last Sold August 13, 2018

Last sale price $65,000 $37 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $1,270/month

6 Days on Market

Highlights

  • Second Kitchen
  • Ceramic Tile Flooring
  • 3-minute walk to Church Street Playground
  • No HOA
  • Baseboard Heating

About This Home

As of August 2018

Affordable Home Ownership or Rental Investment Opportunity! This home has been converted to be able to have two apartments (one up one down). Each apartment has 2 bedrooms, 1 bathroom, a living room and kitchen. At this time a wall has been opened up for the house to be used as one residence. This home has many updates including: a newer roof, separate electric meters, all new ceramic tile floors in both kitchens and both bathrooms, cabinets, counter tops, light fixtures, carpets, replacement windows, two hot water heaters, pex pipe plumbing and new washer & dryer hook ups. Gross rent was $1,500 before the updates!

Last Agent to Sell the Property

Austin Whitehead

(410) 726-4134 awhitehead@whiteheadre.com Whitehead Real Estate Exec. License #RS-0024325 Listed on: 07/25/2018

Last Buyer's Agent

Billy Barr

(410) 524-6400 bbocre@gmail.com Keller Williams Realty Delmarva

Keller Williams Realty Delmarva

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,591

Year Built

  • Built in 1920

Lot Details

  • 4,300 Sq Ft Lot
  • Property is zoned R5

Parking

  • Off-Street Parking

Home Design

  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,757 Sq Ft Home
  • Property has 2 Levels
  • Crawl Space
  • Second Kitchen

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

Schools

  • Prince Street Elementary School
  • Wicomico Middle School
  • Wicomico High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • 200+ Amp Service
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1006
  • Assessor Parcel Number 05-004578

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,591

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Ceramic Tile, Carpet
  • Interior Amenities: 2nd Kitchen
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1757
  • Living Area Sq Ft: 1757
  • Price Per Sq Ft: 39.78
  • Above Grade Finished Sq Ft: 1757
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Architectural Shingle
  • 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: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard, Electric
  • 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
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: PRINCE STREET
  • High School: WICOMICO
  • Middle Or Junior School: WICOMICO

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4300.00
  • Zoning: R5
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 18000.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5331355
  • Tax Annual Amount: 1591.00
  • Assessor Parcel Number: 05-004578
  • Tax Lot: 1006
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2018
Closed on
Aug 13, 2018
Sold by
Rico Victor A and Rico Mary Katherine Rico
Bought by
Cd Florida Properties Llc
Seller's Agent
Austin Whitehead
Whitehead Real Estate Exec.
Buyer's Agent
Billy Barr
Keller Williams Realty Delmarva
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%
Current Estimated Value
$220,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,001
Avg. Annual Appreciation
18.10%

Purchase Details

Closed on
Sep 5, 2017
Sold by
Rico Victor A
Bought by
Rico Victor A and Rico Mary Katherine

Purchase Details

Closed on
Oct 9, 2015
Sold by
Fannie Mae
Bought by
Rico Victor A

Purchase Details

Closed on
Jun 5, 2008
Sold by
Armwood Terrance L
Bought by
Stutez Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2008
Sold by
Armwood Terrance L
Bought by
Stutez Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2006
Sold by
Townsend Gregory Xavier and Townsend Dawn M
Bought by
Armwood Terrance L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,400
Interest Rate
10.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2006
Sold by
Townsend Gregory Xavier and Townsend Dawn M
Bought by
Armwood Terrance L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,400
Interest Rate
10.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2006
Sold by
Williams Anthony C
Bought by
Townsend Gregory Xavier and Townsend Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2006
Sold by
Williams Anthony C
Bought by
Townsend Gregory Xavier and Townsend Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 1996
Sold by
Whaley Oliver S
Bought by
Collins Realty Co Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Cd Florida Properties Llc $65,000 Resort Land Title & Escrow
Rico Victor A -- Delmarva Title
Rico Victor A $16,500 None Available
Stutez Joseph $135,000 --
Stutez Joseph $135,000 --
Armwood Terrance L $92,000 --
Armwood Terrance L $92,000 --
Townsend Gregory Xavier $41,150 --
Townsend Gregory Xavier $41,150 --
Collins Realty Co Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stutez Joseph $108,000
Previous Owner Stutez Joseph $108,000
Previous Owner Armwood Terrance L $87,400
Previous Owner Armwood Terrance L $87,400
Previous Owner Townsend Gregory Xavier $35,000
Previous Owner Townsend Gregory Xavier $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2018 08/13/18 Sold $65,000 -7.0% $37 / Sq Ft
07/31/2018 07/31/18 Pending -- -- --
07/25/2018 07/25/18 For Sale $69,900 -- $40 / Sq Ft
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 $1,387 $178,300 $0 $0
2024 $1,387 $144,700 $7,600 $137,100
2023 $1,255 $126,967 $0 $0
2022 $1,113 $109,233 $0 $0
2021 $935 $91,500 $7,600 $83,900
2020 $912 $88,433 $0 $0
2019 $893 $85,367 $0 $0
2018 $1,651 $82,300 $7,600 $74,700
2017 $1,506 $78,167 $0 $0
2016 -- $74,033 $0 $0
2015 $1,741 $69,900 $0 $0
2014 $1,741 $69,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Austin Whitehead

    Seller's Agent in 2018

    Austin Whitehead

    Whitehead Real Estate Exec.

    (410) 726-4134

    136 Total Sales

    Austin Whitehead
    Section Image
  • Billy Barr

    Buyer's Agent in 2018

    Billy Barr

    Keller Williams Realty Delmarva

    (410) 524-6400

    98 Total Sales

    Billy Barr
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002084234

Bright MLS

APN: 05-004578

Maryland Wicomico County Salisbury 21804 Church Street-Doverdale

515 Wailes St, Salisbury, MD

Not Listed for Sale

Detached

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