NOT LISTED FOR SALE

806 Lake St Salisbury, MD 21801

Westside Neighborhood

Estimated Value: $157,000 - $232,424

3 Beds
2 Baths
1,272 Sq Ft
$140/Sq Ft Est. Value

Last Sold July 03, 2024

Last sale price $145,000 $114 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,016/month

12 Days on Market

Highlights

  • No HOA
  • More Than Two Accessible Exits
  • East Facing Home
  • Cottage
  • Central Air
  • 2-minute walk to Lake Street Park

About This Home

As of July 2024

3 bed 2 bath Cottage - Tenant occupied (perfect rental income opportunity, )
close to the downtown city center, hospital & parks.

Last Agent to Sell the Property

Bonnie Flinn

ERA Martin Associates License #5004665 Listed on: 05/30/2024

ERA Martin Associates

Last Buyer's Agent

Charlene Spence

The Spence Realty Group License #676658

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $773

Year Built

  • Built in 1948

Lot Details

  • 5,700 Sq Ft Lot
  • East Facing Home
  • Property is zoned R5

Home Design

  • Cottage
  • Brick Foundation
  • Poured Concrete

Interior Spaces

  • Property has 2.5 Levels
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot PT L8
  • Assessor Parcel Number 2309049215

Home Details

Home Type

Single Family

Est. Annual Taxes

$773

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1948
  • Automatically Close On Close Date: No
  • Remarks Public: 3 bed 2 bath Cottage - Tenant occupied (perfect rental income opportunity, ) close to the downtown city center, hospital & parks.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Levels Count: 2.5
  • Basement: Yes
  • Basement Type: Poured Concrete, Partial, Unfinished
  • Total Sq Ft: 2052
  • Living Area Sq Ft: 1272
  • Price Per Sq Ft: 125.71
  • Above Grade Finished Sq Ft: 1272
  • Below Grade Sq Ft: 780
  • Total Below Grade Sq Ft: 780
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 806

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: WICOMICO COUNTY PUBLIC SCHOOLS
  • School District Key: 121138751831
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5700.00
  • Year Assessed: 2024
  • Zoning: R5
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 773.00
  • Assessor Parcel Number: 2309049215
  • Tax Lot: PT L8
  • Tax Total Finished Sq Ft: 1272
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 07/03/2024

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 3, 2024
Sold by
Bienhelus Ludene
Bought by
Nichols Joshua
Seller's Agent
Bonnie Flinn
ERA Martin Associates
Buyer's Agent
Charlene Spence
The Spence Realty Group
List Price
$159,900
Sold Price
$145,000
Premium/Discount to List
-$14,900
-9.32%
Views
101
Current Estimated Value
$178,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,745
Avg. Annual Appreciation
11.47%
Original Mortgage
$123,250
Outstanding Balance
$122,317
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$41,253

Purchase Details

Closed on
May 24, 2007
Sold by
Wright Lyndon
Bought by
Bienhelus Ludene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,825
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2007
Sold by
Wright Lyndon
Bought by
Bienhelus Ludene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,825
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2007
Sold by
Lankford Luther W
Bought by
Wright Lyndon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 2007
Sold by
Lankford Luther W
Bought by
Wright Lyndon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Nichols Joshua $145,000 Community Title
Bienhelus Ludene $93,500 --
Bienhelus Ludene $93,500 --
Wright Lyndon $11,000 --
Wright Lyndon $11,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nichols Joshua $123,250
Previous Owner Bienhelus Ludene $88,825
Previous Owner Bienhelus Ludene $88,825
Previous Owner Wright Lyndon $55,000
Previous Owner Wright Lyndon $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2024 07/03/24 Sold $145,000 -9.3% $114 / Sq Ft
05/30/2024 05/30/24 For Sale $159,900 -- $126 / 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
2024 $441 $46,000 $10,100 $35,900
2023 $380 $38,067 $0 $0
2022 $307 $30,133 $0 $0
2021 $227 $22,200 $7,300 $14,900
2020 $227 $22,033 $0 $0
2019 $229 $21,867 $0 $0
2018 $462 $21,700 $7,300 $14,400
2017 $462 $21,700 $0 $0
2016 -- $21,700 $0 $0
2015 $696 $31,400 $0 $0
2014 $696 $31,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bonnie Flinn

    Seller's Agent in 2024

    Bonnie Flinn

    ERA Martin Associates

    (443) 614-7766

    1 in this area

    81 Total Sales

    Section Image
  • Charlene Spence

    Buyer's Agent in 2024

    Charlene Spence

    The Spence Realty Group

    (443) 513-6241

    6 in this area

    128 Total Sales

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Map

Source: Bright MLS

MLS Number: MDWC2013798

Bright MLS

APN: 09-049215

Maryland Wicomico County Salisbury 21801 Westside

806 Lake St, Salisbury, MD

This home is located at 806 Lake St, Salisbury, MD 21801 since 30 May 2024 and is currently estimated at $178,356, approximately $140 per square foot. This property was built in 1948. 806 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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