NOT LISTED FOR SALE

Estimated Value: $458,000 - $619,238

1 Bed
1 Bath
2,134 Sq Ft
$252/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $540,000 $253 Per Sq Ft

Current estimated payment $2,879/month

Highlights

  • 73.11 Acre Lot
  • Crops
  • Hunting Land
  • No HOA

About This Home

As of August 2022

73 Acre Gentleman's Farm located on the outskirts of Salisbury. There are 68+ acres of clear ground that includes 43 of cropland and 25 acres of overgrown orchard plus 5+/- of wooded ground. Soil types are excellent and consist mainly of Pepperbox-Rockawalkin soils. Currently being farmed in row crop. The property is improved with home and outbuildings which have limited value currently. The property has the potential to be subdivided. This farm has many possibilities and would make for an excellent Horse farm, Livestock, Family farm or Recreational property.

Last Agent to Sell the Property

Jay Phillips

(410) 726-8631 jay@phillipscoastalgroup.com Holiday Real Estate Listed on: 06/28/2022

Last Buyer's Agent

Jay Phillips

(410) 726-8631 jay@phillipscoastalgroup.com Holiday Real Estate Listed on: 06/28/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $858

Year Built

  • Built in 1914

Lot Details

  • 73.11 Acre Lot
  • Hunting Land
  • Property is zoned A-1

Parking

  • Driveway

Home Design

  • Block Foundation
  • Frame Construction

Interior Spaces

  • 2,134 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Farming

  • Crops

Utilities

  • Well
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot PAR A
  • Assessor Parcel Number 2309016422

Home Details

Home Type

Single Family

Est. Annual Taxes

$858

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Farm
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1914
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Block
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2134
  • Living Area Sq Ft: 2134
  • Price Per Sq Ft: 256.79
  • Above Grade Finished Sq Ft: 2134
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Wooded Acres: 5.00
  • Crops Included: No
  • Farm Features: Hunting
  • Farm Land Area Units: Acres
  • Farm Operation: Row Crop
  • Lot Size Acres: 73.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3184672.00
  • Tillable Acres: 68.00
  • Zoning: A-1
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5348318
  • Tax Annual Amount: 858.00
  • Assessor Parcel Number: 2309016422
  • Tax Lot: PAR A
  • 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
Jun 28, 2022
Closed on
Aug 5, 2022
Sold by
Chesapeake Fruit Ranch Llc
Bought by
Burns Edmond Henry and Burns Jennifer Marie
Seller's Agent
Jay Phillips
Holiday Real Estate
Buyer's Agent
Jay Phillips
Holiday Real Estate
List Price
$548,000
Sold Price
$540,000
Premium/Discount to List
-$8,000
-1.46%
Current Estimated Value
$538,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,381
Avg. Annual Appreciation
-0.08%
Original Mortgage
$445,000
Outstanding Balance
$424,722
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$113,897

Purchase Details

Closed on
Sep 12, 2012
Sold by
White Lowe Rd Llc
Bought by
Chesapeake Fruit Ranch Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,400
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2005
Sold by
Vanleer Blake R
Bought by
White Lowe Road Llc

Purchase Details

Closed on
Aug 1, 1997
Sold by
Mcclure Michael H and Mcclure Kim B
Bought by
Leer Blake R Van

Purchase Details

Closed on
Jun 27, 1996
Sold by
Wilgus Edward Q
Bought by
Mcclure Michael H and Mcclure Kim B

Purchase Details

Closed on
Feb 6, 1996
Sold by
Johnson J Quinton
Bought by
Wilgus Edward Q
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Burns Edmond Henry $545,000 Law Firm Of Shaw & Crowson Pa
Chesapeake Fruit Ranch Llc $455,000 Avenue Commercial Title Comp
White Lowe Road Llc $400,000 --
Leer Blake R Van $365,000 --
Mcclure Michael H $245,000 --
Wilgus Edward Q $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Edmond Henry $445,000
Previous Owner Chesapeake Fruit Ranch Llc $400,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2022 08/05/22 Sold $540,000 -1.5% $253 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $548,000 -- $257 / 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 $648 $91,200 $0 $0
2024 $648 $61,300 $0 $0
2023 $887 $83,700 $76,000 $7,700
2022 $910 $83,433 $0 $0
2021 $910 $83,167 $0 $0
2020 $915 $82,900 $76,000 $6,900
2019 $868 $82,900 $76,000 $6,900
2018 $1,071 $82,900 $76,000 $6,900
2017 $1,082 $96,100 $0 $0
2016 -- $96,100 $0 $0
2015 $2,471 $96,100 $0 $0
2014 $2,471 $102,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWC2005780

Bright MLS

APN: 09-016422