NOT LISTED FOR SALE

Estimated Value: $286,168

-- Bed
4 Baths
3,224 Sq Ft
$89/Sq Ft Est. Value

Last Sold March 01, 2016

Last sale price $140,650 $44 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $1,613/month

387 Days on Market

Highlights

  • Colonial Architecture
  • Community Refrigerator
  • Baseboard Heating
  • No HOA
  • Forced Air Heating System
  • 1-minute walk to Church Street Playground

About This Home

As of March 2016

Four unit apartment building, two down, two up. Fully leased at $2,400/month. Three 2 bedroom and one 1 bedroom units. Very spacious units in good condition. Vinyl siding and windows. Full basement plus storage room. Tenants pay utilities except water/sewer/trash. Natural gas heat down, electric BB up. Good cash flow. Appliances convey.

Last Agent to Sell the Property

Mike Weisner

(443) 880-8626 michael@weisnerrealestate.com Weisner Real Estate Inc License #42233 Listed on: 01/12/2015

Last Buyer's Agent

Anthony Matrona

(410) 251-1401 tonymatrona@comcast.net Resort Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,488 Sq Ft Lot
  • Lot Dimensions are 50 x 110
  • Cleared Lot

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,224 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storage In Attic

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 3 Parking Spaces Included

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Municipal Trash

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, heat
  • The owner pays for insurance, lawn/shrub care, sewer, snow removal, real estate taxes, trash collection, water
  • Assessor Parcel Number 006023

Community Details

Overview

  • No Home Owners Association
  • 2-Story Building

Amenities

  • Community Refrigerator
  • Building Oven or Ranges

Building Details

  • Insurance Expense $1,780
  • Trash Expense $300

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Attic
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Carpet, Vinyl
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 3224
  • Net Sq Ft: 3224.00

Exterior Features

  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 6
  • Number Of Parking Spaces Included: 3+ Car Parking

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard, Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3300.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.13
  • Lot Dimensions: 50 x 110
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5488.00
  • Zoning Description: R5
  • In City Limits: Yes

Building Info

  • Building Features: Refrigerator(s), Refrigerator(s), Oven/Range(s)

Rental Info

  • Lease In Effect: Yes
  • Owner Pays: Insurance, Lawn/Shrub Care, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Tenant Pays: Utilities - All, Cable Tv, Electricity, Heat
  • Total Actual Rent: 28800.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 006023
  • County Tax Payment Frequency: Annually

Multi Family

  • Gross Income: 27900.00
  • Metering: Fully Separate
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2015
Closed on
Mar 1, 2016
Sold by
533 Wailes Street Salisbury Llc
Bought by
Allegra Marketing Llc
Seller's Agent
Mike Weisner
Weisner Real Estate Inc
Buyer's Agent
Anthony Matrona
Resort Real Estate
List Price
$175,000
Sold Price
$140,650
Premium/Discount to List
-$34,350
-19.63%
Current Estimated Value
$286,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,518
Avg. Annual Appreciation
7.54%
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
Allegra Marketing Llc $140,650 Ocean Investments Title Corp
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2016 03/01/16 Sold $140,650 -19.6% $44 / Sq Ft
02/06/2016 02/06/16 Pending -- -- --
01/16/2015 01/16/15 For Sale $175,000 -- $54 / 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 $1,341 $140,000 $32,900 $107,100
2024 $1,341 $139,867 $0 $0
2023 $1,381 $139,733 $0 $0
2022 $1,423 $139,600 $32,900 $106,700
2021 $1,393 $136,233 $0 $0
2020 $47 $132,867 $0 $0
2019 $1,355 $129,500 $32,900 $96,600
2018 $2,146 $104,467 $0 $0
2017 $1,636 $79,433 $0 $0
2016 -- $54,400 $0 $0
2015 $985 $54,400 $0 $0
2014 $985 $54,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000794712

Bright MLS

APN: 05-006023