NOT LISTED FOR SALE

703 Stone Gate Dr Salisbury, MD 21804

South Salisbury Neighborhood

Estimated Value: $229,000 - $250,000

3 Beds
2.5 Baths
1,236 Sq Ft
$192/Sq Ft Est. Value

Last Sold September 19, 2022

Last sale price $200,000 $162 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,485/month

3 Days on Market

Highlights

  • Pond View
  • Deck
  • Storm Windows
  • Cape Cod Architecture
  • Main Floor Bedroom
  • Walk-In Closet

About This Home

As of September 2022

Opportunity knocks with this super affordable, wonderfully maintained 3 bedroom, 2.5 bath end unit townhome! Downstairs you’ll find the large living room, spacious kitchen with an eat-in dining area and plenty of storage space in the walk-in pantry. The first floor primary bedroom is a must-see with a walk-in closet and full en suite bath. As if that wasn’t enough, finishing off the downstairs is an additional half bath, separate laundry room and an area for additional storage! And if you love to spend time outdoors, there is a deck off of the kitchen overlooking the beautiful pond for your own piece of tranquility! Upstairs you’ll find 2 additional bedrooms, more storage space and another full bath. Looking for something low maintenance? The HOA takes care of all lawn maintenance and landscaping, leaving the homeowner with minimal responsibility. Whether you’re looking for your first home, a low maintenance place to settle down or an investment property, this home is sure to fit all your needs!

Last Agent to Sell the Property

Bret Davis

(240) 994-6481 bretdavis@kw.com Keller Williams Realty Delmarva Listed on: 07/15/2022

Keller Williams Realty Delmarva

Co-Listed By

Aubrey Campbell

(302) 393-0169 acampbell@davis-strategic.com Keller Williams Realty Delmarva License #5005561

Last Buyer's Agent

Greg Johnson

(410) 251-4050 greg.johnson@era.com ERA Martin Associates

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,619

Year Built

  • Built in 2000

Lot Details

  • 4,159 Sq Ft Lot
  • Sprinkler System
  • Cleared Lot

HOA Fees

  • $108 Monthly HOA Fees

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,236 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Insulated Windows
  • Window Screens
  • Pond Views
  • Crawl Space
  • Laundry in unit

Bedrooms and Bathrooms

  • Walk-In Closet

Home Security

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Private Parking
  • Paved Parking
  • Parking Lot

Schools

  • Glen Avenue Elementary School
  • Wicomico Middle School
  • Parkside High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Flood Risk

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 111765

Community Details

Overview

  • Association fees include common area maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, road maintenance, snow removal
  • Stone Gate Subdivision

Security

  • Storm Windows
  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,619

Year Built

Built in 2000

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Exclusions: Tenant's personal belongings
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-07-15
  • Federal Flood Zone: Yes
  • Year Built: 2000
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Walk-In Closet(s)
  • Window Features: Insulated, Screens, Storm
  • Door Features: Storm
  • Foundation Details: Block, Crawl Space
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1236
  • Living Area Sq Ft: 1236
  • Price Per Sq Ft: 157.77
  • Above Grade Finished Sq Ft: 1236
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Brick, Vinyl Siding, Stick Built
  • Exterior Features: Lawn Sprinkler
  • Roof: Asphalt, Shingle
  • View: Pond
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking, Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1300.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Road Maintenance, Snow Removal
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: GLEN AVENUE
  • High School: PARKSIDE
  • Middle Or Junior School: WICOMICO

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Cleared
  • Lot Size Acres: 0.10
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4159.00
  • Outdoor Living Structures: Deck(s)
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5339932
  • Tax Annual Amount: 2619.00
  • Assessor Parcel Number: 111765
  • Tax Lot: 2
  • 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
Jul 15, 2022
Closed on
Sep 16, 2022
Sold by
Ryt Rentals Llc
Bought by
Thomas Michael R
Seller's Agent
Bret Davis
Keller Williams Realty Delmarva
Buyer's Agent
Greg Johnson
ERA Martin Associates
List Price
$195,000
Sold Price
$200,000
Premium/Discount to List
$5,000
2.56%
Current Estimated Value
$237,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,845
Avg. Annual Appreciation
5.39%
Original Mortgage
$200,000
Outstanding Balance
$190,891
Interest Rate
5.13%
Mortgage Type
VA
Estimated Equity
$46,954

Purchase Details

Closed on
Dec 20, 2017
Sold by
Donnie Williams Foundation Inc
Bought by
Ryt Rentals Llc

Purchase Details

Closed on
Aug 26, 2013
Sold by
River City Salisbury Llc
Bought by
Davis Wilson E and Davis Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2006
Sold by
T & T Investments Llc
Bought by
Incentive Retirement Plan

Purchase Details

Closed on
Dec 20, 2005
Sold by
Christian S and Christian Ra M
Bought by
T & T Investments Llc

Purchase Details

Closed on
Jun 30, 2000
Sold by
Osprey Builders Inc
Bought by
Christian Sandra M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thomas Michael R $200,000 Mid Atlantic Title
Ryt Rentals Llc $250,000 Ocean Investments Title Corp
Davis Wilson E $500,000 None Available
Incentive Retirement Plan $173,000 --
T & T Investments Llc $169,900 --
Christian Sandra M $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Michael R $200,000
Previous Owner Davis Wilson E $500,000
Closed Christian Sandra M --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2022 09/19/22 Sold $200,000 +2.6% $162 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $195,000 -- $158 / 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 $1,605 $175,600 $0 $0
2024 $1,526 $159,200 $22,000 $137,200
2023 $1,478 $149,467 $0 $0
2022 $1,424 $139,733 $0 $0
2021 $1,329 $130,000 $22,000 $108,000
2020 $1,305 $126,567 $0 $0
2019 $1,289 $123,133 $0 $0
2018 $2,456 $119,700 $22,000 $97,700
2017 $2,334 $113,733 $0 $0
2016 -- $107,767 $0 $0
2015 $2,491 $101,800 $0 $0
2014 $2,491 $101,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bret Davis

    Seller's Agent in 2022

    Bret Davis

    Keller Williams Realty Delmarva

    (240) 994-6481

    11 in this area

    112 Total Sales

    Bret Davis
    Section Image
  • Aubrey Campbell

    Seller Co-Listing Agent in 2022

    Aubrey Campbell

    Keller Williams Realty Delmarva

    (302) 393-0169

    11 in this area

    112 Total Sales

    Aubrey Campbell
    Section Image
  • Greg Johnson

    Buyer's Agent in 2022

    Greg Johnson

    ERA Martin Associates

    (410) 251-4050

    32 in this area

    143 Total Sales

    Greg Johnson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWC2005884

Bright MLS

APN: 05-111765

Maryland Wicomico County Salisbury 21804 South Salisbury

703 Stone Gate Dr, Salisbury, MD

Not Listed for Sale

Townhouses

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