NOT LISTED FOR SALE

5278 Safe Harbor Way Salisbury, MD 21801

South Salisbury Neighborhood

Estimated Value: $660,000 - $904,000

0.45 Acre
$1,749,444 Price per Acre
19,602 Sq Ft Lot

Last Sold May 12, 2017

Last sale price $220,000

Est. 258% increase in value since last sale

Current estimated payment $4,723/month

Highlights

  • 90 Feet of Waterfront
  • 1 Boat Dock
  • River View
  • Marina
  • Pier or Dock
  • Clubhouse

About This Lot

As of May 2017

Lot 10B is a .45 acre direct riverfront bulk headed home site in The Village Down River with spectacular unobstructed views! Sale includes 30' deeded boat slip (D13). No city taxes. Recorded survey, ready for building permit, just select your builder. Located minutes from downtown Salisbury in a gated ''green community'' on the Wicomico River - community sewer, lighted streets & boardwalk, over 2 miles of hiking trails, renovated circa 1820 building for neighborhood gatherings, kayak launch, fishing pier, children's play area, game field, wildlife sanctuary, etc.

Last Agent to Sell the Property

Joel Feldman

(941) 979-0271 joelfrealtor@gmail.com Martz and Associates Real Estate LLC Listed on: 09/30/2016

Co-Listed By

Courtney Richardson

(443) 373-7750 courtneyrichardson@kw.com Seaside Vacations and Sales LLC License #532536

Last Buyer's Agent

Joel Feldman

(941) 979-0271 joelfrealtor@gmail.com Martz and Associates Real Estate LLC Listed on: 09/30/2016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,932

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 90 x 187
  • 90 Feet of Waterfront
  • Home fronts navigable water
  • Corner Lot
  • Zoning described as R20

HOA Fees

  • $100 Monthly HOA Fees

Schools

  • Fruitland Elementary School
  • Bennett Middle School
  • James M. Bennett High School

Additional Features

  • River Views
  • Flood Risk
  • Well Permit Not Applied For

Listing and Financial Details

  • Tax Lot 10B
  • Assessor Parcel Number 049395

Community Details

Overview

  • Village Down River HOA
  • Village Down River Subdivision

Amenities

  • Clubhouse

Recreation

  • Pier or Dock
  • Marina
  • Water Access
  • River Nearby
  • Bulkhead
  • 1 Boat Dock

Property Details

Property Type

Land

Est. Annual Taxes

$5,932

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Residential
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Remarks Public: Lot 10B is a .45 acre direct riverfront bulk headed home site in The Village Down River with spectacular unobstructed views! Sale includes 30' deeded boat slip (D13). No city taxes. Recorded survey, ready for building permit, just select your builder. Located minutes from downtown Salisbury in a gated ''green community'' on the Wicomico River - community sewer, lighted streets & boardwalk, over 2 miles of hiking trails, renovated circa 1820 building for neighborhood gatherings, kayak launch, fishing pier, children's play area, game field, wildlife sanctuary, etc.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 11.67
  • Street Number Modifier: 5278

Exterior Features

  • Construction Completed: No
  • View: River, Water
  • Water Access: Yes
  • Water Body Type: River
  • Water Frontage Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 90

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Water Source: Well Permit Not Applied For

Condo/Co-op/Association

  • HOA Fees: 1200.00
  • HOA Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Club House, Pier/Dock, Marina/Marina Club
  • HOA Name: VILLAGE DOWN RIVER
  • HOA: Yes

Schools

  • School District: WICOMICO COUNTY PUBLIC SCHOOLS
  • Elementary School: FRUITLAND
  • Middle School: BENNETT
  • High School: JAMES M. BENNETT
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138751831
  • Elementary School: FRUITLAND
  • High School: JAMES M. BENNETT
  • Middle Or Junior School: BENNETT

Lot Info

  • Lot Features: Bulkheaded, Corner
  • Lot Size Acres: 0.45
  • Lot Size Description: Riverfront
  • Lot Dimensions: 90 X 187
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19628.00
  • Possible Use: Residential
  • Zoning Description: R20

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5836720
  • Assessor Parcel Number: 049395
  • Tax Lot: 10B
  • County Tax Payment Frequency: Annually
  • Close Date: 05/12/2017

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2018
Sold by
Taylor Richard F
Bought by
Taylor Richard F and Hurley Kelly L
Current Estimated Value
$787,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Outstanding Balance
$433,598
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$353,652

Purchase Details

Listed on
Sep 30, 2016
Closed on
May 12, 2017
Sold by
Smith W Ellis and Smith Lynda P
Bought by
Taylor Richard F
Seller's Agent
Joel Feldman
Martz and Associates Real Estate LLC
Buyer's Agent
Joel Feldman
Martz and Associates Real Estate LLC
List Price
$249,900
Sold Price
$220,000
Premium/Discount to List
-$29,900
-11.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.24%
Original Mortgage
$85,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2015
Sold by
Richardson E Dean W
Bought by
Smith W Ellis and Smith Lynda P
Source: Public Records

Range of Values:

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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
Taylor Richard F -- None Available
Taylor Richard F $220,000 Title Corp
Smith W Ellis $230,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Richard F $495,000
Closed Taylor Richard F $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2017 05/12/17 Sold $220,000 -12.0% --
04/01/2017 04/01/17 Pending -- -- --
09/30/2016 09/30/16 For Sale $249,900 -- --
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 $5,932 $650,400 $0 $0
2024 $5,932 $618,700 $176,000 $442,700
2023 $5,553 $561,700 $0 $0
2022 $5,143 $504,700 $0 $0
2021 $4,580 $447,700 $176,000 $271,700
2020 $4,580 $444,067 $0 $0
2019 $1,737 $166,000 $166,000 $0
2018 $1,746 $166,000 $166,000 $0
2017 $1,746 $166,000 $0 $0
2016 -- $166,000 $0 $0
2015 $1,882 $182,000 $0 $0
2014 $1,882 $181,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joel Feldman

    Seller's Agent in 2017

    Joel Feldman

    Martz and Associates Real Estate LLC

    (941) 979-0271

    52 Total Sales

    Joel Feldman
    Section Image

  • C

    Seller Co-Listing Agent in 2017

    Courtney Richardson

    Seaside Vacations and Sales LLC

    Section Image
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Map

Source: Bright MLS

MLS Number: 1001849560

Bright MLS

APN: 16-049395

Maryland Wicomico County Salisbury 21801 South Salisbury

5278 Safe Harbor Way, Salisbury, MD

This home is located at 5278 Safe Harbor Way, Salisbury, MD 21801 since 30 September 2016 and is currently estimated at $787,250. 5278 Safe Harbor Way is a home located in Wicomico County with nearby schools including Fruitland Primary School, Fruitland Intermediate School, and Bennett Middle School.

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