NOT LISTED FOR SALE

Estimated Value: $161,000 - $216,392

-- Bed
3 Baths
2,660 Sq Ft
$74/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $152,000 $57 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,094/month

5 Days on Market

Highlights

  • Colonial Architecture
  • More Than Two Accessible Exits
  • Property is in very good condition
  • Wood Flooring
  • Forced Air Heating System
  • 4-minute walk to Church Street Playground

About This Home

As of December 2021

This investment property is a great opportunity to add to your portfolio or start in the Rental Business! The left side ( 517 ) has 3 bedrooms and 1 and 1/2 bath and has been well maintained by its' tenant and the owner. The right side ( 519 ) has 3 bedrooms and 1 full bath and has just been vacated which has given the owner the opportunity to change some of the flooring, alot of the plumbing and plumbing fixtures, light fixtures, etc. And paint the entire inside!! Fresh and ready for its next occupant!! So grab this one quick and reap the benefits!! There is currently a shortage of rental properties and this one will not stay vacant long! Call today! The tenant side can only be seen on Saturdays and the right side can be seen anytime.

Last Agent to Sell the Property

Laurie Cannon

(410) 251-2400 laurie.cannon@era.com ERA Martin Associates License #520457 Listed on: 10/28/2021

ERA Martin Associates

Last Buyer's Agent

Dawit Demissie

(443) 880-6322 ddemissie@whiteheadre.com Whitehead Real Estate Exec.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,009

Year Built

  • Built in 1925

Lot Details

  • 4,400 Sq Ft Lot
  • Cleared Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Colonial Architecture
  • Traditional Architecture
  • Bi-Level Home
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,660 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Plank Tile

Parking

  • Dirt Driveway
  • On-Street Parking

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Forced Air Heating System
  • Electric Water Heater
  • Municipal Trash

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 11B
  • Assessor Parcel Number 2305021901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,009

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial, Bi-Level, Traditional
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Hardwood, Vinyl, Luxury Vinyl Plank
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2660
  • Living Area Sq Ft: 2660
  • Price Per Sq Ft: 56.35
  • Above Grade Finished Sq Ft: 2660
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built, Vinyl Siding
  • Exterior Features: Sidewalks
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Dirt Driveway
  • Type Of Parking: Driveway, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4400.00
  • Property Condition: Very Good
  • Zoning: R5
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5332772
  • Tax Annual Amount: 1009.00
  • Assessor Parcel Number: 2305021901
  • Tax Lot: 11B
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Dec 10, 2021
Sold by
Kerley James D and Kerley Kathleen W
Bought by
Arango Alvaro
Seller's Agent
Laurie Cannon
ERA Martin Associates
Buyer's Agent
Dawit Demissie
Whitehead Real Estate Exec.
List Price
$149,900
Sold Price
$152,000
Premium/Discount to List
$2,100
1.4%
Current Estimated Value
$196,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,598
Avg. Annual Appreciation
6.66%
Original Mortgage
$114,000
Outstanding Balance
$104,389
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$92,209

Purchase Details

Closed on
Oct 3, 2007
Sold by
Stanger Robert B and Stanger Joseph R
Bought by
Kerley James D and Kerley Kathleen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,500
Interest Rate
6.49%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 28, 2007
Sold by
Stanger Robert B and Stanger Joseph R
Bought by
Kerley James D and Kerley Kathleen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,500
Interest Rate
6.49%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 8, 1997
Sold by
Burr Doris P
Bought by
Stranger Robert B and Stranger Joseph R
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
Arango Alvaro $152,000 Old Republic Natl Ttl Ins Co
Kerley James D $125,000 --
Kerley James D $125,000 --
Stranger Robert B $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arango Alvaro $114,000
Previous Owner Kerley James D $12,500
Previous Owner Kerley James D $100,000
Previous Owner Kerley James D $100,000
Closed Stranger Robert B --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2021 12/10/21 Sold $152,000 +1.4% $57 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $149,900 -- $56 / 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 $751 $84,267 $0 $0
2024 $751 $78,300 $7,700 $70,600
2023 $681 $68,900 $0 $0
2022 $606 $59,500 $0 $0
2021 $512 $50,100 $7,700 $42,400
2020 $501 $48,533 $0 $0
2019 $492 $46,967 $0 $0
2018 $944 $45,400 $7,700 $37,700
2017 $840 $43,133 $0 $0
2016 $949 $40,867 $0 $0
2015 $949 $38,600 $0 $0
2014 $949 $38,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWC2001908

Bright MLS

APN: 05-021901