NOT LISTED FOR SALE

720 Lake St Salisbury, MD 21801

Westside Neighborhood

Estimated Value: $199,000 - $244,000

4 Beds
1.5 Baths
1,888 Sq Ft
$118/Sq Ft Est. Value

Last Sold August 25, 2017

Last sale price $110,000 $58 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,342/month

2 Days on Market

Highlights

  • Victorian Architecture
  • No HOA
  • Living Room
  • Corner Lot
  • Porch
  • 1-minute walk to Lake Street Park

About This Home

As of August 2017

Very Nicely renovated 4 bedroom home located across the street from Chipman Elementary School. This home is ready for the large family on a budget. Call today for an appointment, FHA financing with CDA monies and Salisbury Neighborhood Housing Grants available to purchase.Air Conditioning on first floor only--

Last Agent to Sell the Property

Candace Hiatt

Worthington Realty Group, LLC License #97690 Listed on: 06/23/2017

Co-Listed By

Kimberly Bateman

Long & Foster Real Estate, Inc. License #661487

Last Buyer's Agent

Clark Edouard

Long & Foster Real Estate, Inc. License #RS-0024223

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,596

Year Built

  • Built in 1912

Lot Details

  • 6,098 Sq Ft Lot
  • East Facing Home
  • Corner Lot
  • Cleared Lot
  • Zoning described as R5

Parking

  • Off-Street Parking

Home Design

  • Victorian Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,888 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Window Treatments
  • Family Room
  • Living Room
  • Dining Room
  • Crawl Space
  • Storage In Attic
  • Washer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Porch

Schools

  • Chipman Elementary School
  • Salisbury Middle School
  • James M. Bennett High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 5
  • Assessor Parcel Number 047018

Community Details

Overview

  • No Home Owners Association

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,596

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • Inclusions: Exhaust Fan(s)
  • New Construction: No
  • Storage: Attic
  • Year Built: 1912
  • Remarks Public: Very Nicely renovated 4 bedroom home located across the street from Chipman Elementary School. This home is ready for the large family on a budget. Call today for an appointment, FHA financing with CDA monies and Salisbury Neighborhood Housing Grants available to purchase.Air Conditioning on first floor only--
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Icemaker, Washer
  • Interior Amenities: Ceiling Fan(s), Window Treatments
  • Foundation Details: Block, Crawl Space
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Bedroom 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1888
  • Living Area Sq Ft: 1888
  • Price Per Sq Ft: 58.21
  • Above Grade Finished Sq Ft: 1888
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 720

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Vinyl Siding, Stick Built
  • 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
  • Parking Features: Off Street
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 400.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Condo Co-Op Amenities: Tot Lots/Playground
  • HOA: No

Schools

  • School District: WICOMICO COUNTY PUBLIC SCHOOLS
  • Elementary School: CHIPMAN
  • Middle School: SALISBURY
  • 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: CHIPMAN
  • High School: JAMES M. BENNETT
  • Middle Or Junior School: SALISBURY

Lot Info

  • Lot Features: Cleared, Corner
  • Lot Size Acres: 0.14
  • Outdoor Living Structures: Porch(es)
  • Zoning Description: R5
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5350693
  • Assessor Parcel Number: 047018
  • Tax Lot: 5
  • County Tax Payment Frequency: Annually
  • Close Date: 08/25/2017

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2017
Closed on
Aug 25, 2017
Sold by
Petree Robert L and Petree Melissa M
Bought by
Louis Merline
Seller's Agent
Candace Hiatt
Worthington Realty Group, LLC
Buyer's Agent
Clark Edouard
Long & Foster Real Estate, Inc.
List Price
$109,900
Sold Price
$110,000
Premium/Discount to List
$100
0.09%
Current Estimated Value
$222,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,209
Avg. Annual Appreciation
7.80%
Original Mortgage
$108,007
Outstanding Balance
$90,608
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$110,290

Purchase Details

Closed on
Aug 24, 2016
Sold by
Secretary Of The United States Of Americ
Bought by
Petree Robert L and Petree Melissa M

Purchase Details

Closed on
Oct 16, 2015
Sold by
Baltimore Collette
Bought by
Wilmington Savings Fund Fsb

Purchase Details

Closed on
Apr 20, 2006
Sold by
Harper Matthew C and Harper Tammy F
Bought by
Collette Baltimore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,792
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2006
Sold by
Harper Matthew C and Harper Tammy F
Bought by
Collette Baltimore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,792
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2005
Sold by
R&D/622 Inc
Bought by
Harper Matthew C and Harper Tammy F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,058
Interest Rate
5.64%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 7, 2005
Sold by
R&D/622 Inc
Bought by
Harper Matthew C and Harper Tammy F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,058
Interest Rate
5.64%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 1, 2003
Sold by
Harris Florence O
Bought by
R&D/622 Inc

Purchase Details

Closed on
Jan 7, 2003
Sold by
Handy J E James J and Handy Florence
Bought by
Harris Florence O
Source: Public Records

Range of Values:

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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
Louis Merline $110,000 Brennan Title Co
Petree Robert L $33,702 Maryland Title Service
Wilmington Savings Fund Fsb $51,600 Attorney
Collette Baltimore $135,900 --
Collette Baltimore $135,900 --
Harper Matthew C $96,000 --
Harper Matthew C $96,000 --
R&D/622 Inc $15,000 --
Harris Florence O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Louis Merline $108,007
Previous Owner Baltimore Collette $163,415
Previous Owner Baltimore Collette $149,205
Previous Owner Collette Baltimore $134,792
Previous Owner Collette Baltimore $134,792
Previous Owner Harper Matthew C $95,058
Previous Owner Harper Matthew C $95,058
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2017 08/25/17 Sold $110,000 +0.1% $58 / Sq Ft
07/26/2017 07/26/17 Pending -- -- --
06/24/2017 06/24/17 For Sale $109,900 -- $58 / 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 $1,596 $178,533 $0 $0
2024 $1,596 $166,500 $10,200 $156,300
2023 $1,328 $134,300 $0 $0
2022 $1,040 $102,100 $0 $0
2021 $649 $69,900 $7,400 $62,500
2020 $649 $62,933 $0 $0
2019 $586 $55,967 $0 $0
2018 $1,017 $49,000 $7,400 $41,600
2017 $1,017 $49,000 $0 $0
2016 -- $49,000 $0 $0
2015 $714 $62,000 $0 $0
2014 $714 $62,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Candace Hiatt

    Seller's Agent in 2017

    Candace Hiatt

    Worthington Realty Group, LLC

    (443) 235-3612

    49 Total Sales

    Candace Hiatt
    Section Image
  • Kimberly Bateman

    Seller Co-Listing Agent in 2017

    Kimberly Bateman

    Long & Foster

    (443) 944-1667

    3 Total Sales

    Kimberly Bateman
    Section Image
  • Clark Edouard

    Buyer's Agent in 2017

    Clark Edouard

    Long & Foster

    (443) 359-9448

    2 in this area

    115 Total Sales

    Clark Edouard
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000516162

Bright MLS

APN: 09-047018

Maryland Wicomico County Salisbury 21801 Westside

720 Lake St, Salisbury, MD

This home is located at 720 Lake St, Salisbury, MD 21801 since 23 June 2017 and is currently estimated at $222,209, approximately $117 per square foot. This property was built in 1912. 720 Lake St is a home located in Wicomico County with nearby schools including Charles H. Chipman Elementary School, Glen Avenue Elementary School, and Salisbury Middle School.

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