NOT LISTED FOR SALE

854 Tern Ln Unit 307 Salisbury, MD 21804

South Salisbury Neighborhood

Estimated Value: $209,000 - $245,000

2 Beds
2 Baths
1,175 Sq Ft
$265/mo HOA Fee

Last Sold December 21, 2017

Last sale price $167,500 $143 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,567/month

17 Days on Market

Highlights

  • Fitness Center
  • Active Adult
  • Clubhouse
  • Private Pool
  • Pond View
  • Main Floor Bedroom

About This Home

As of December 2017

Summers Gate 55+ community. Move in ready. Open floor plan with 9 ft. ceilings. Two Bedrooms and Two Full Baths plus abundant closets. Sitting area in lobby for guests or special occasions. Outside balcony with the pond views. Attached garage is a rare find with storage, No. G-108. A short stroll to club House, library, outdoor pool and exercise area. Book your special parties here. Condo Fees include water, sewer and trash.

Last Agent to Sell the Property

Ann Hammond

(410) 430-4547 annhammond@comcast.net Long & Foster Real Estate, Inc. License #66800 Listed on: 11/10/2017

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Lana Foley

lfoley@summersgate.com ERA Martin Associates

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2009

Lot Details

  • Southwest Facing Home
  • Sprinkler System
  • Cleared Lot

HOA Fees

  • $265 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Handicap Parking
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Shingle Siding
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,175 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Living Room
  • Dining Room
  • Pond Views
  • Storage In Attic

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Balcony

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot A307
  • Assessor Parcel Number 047510

Community Details

Overview

  • Active Adult
  • 20 Units
  • Active Adult | Residents must be 55 or older
  • Summersgate Condo HOA
  • Low-Rise Condominium
  • Summers Gate Subdivision

Amenities

  • Clubhouse
  • Game Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2009

Lot Details

0

HOA Fees

$265 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Federal Flood Insurance: Unknown
  • Historic: No
  • New Construction: No
  • Storage: Attic
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven/Range - Electric, Icemaker, Washer
  • Entry Floor: 3
  • Interior Amenities: Ceiling Fan(s), Elevator, Sprinkler System, Walk-In Closet(s), Entry Level Bedroom, Window Treatments
  • Window Features: Insulated, Screens
  • Elevators Count: 1
  • Foundation Details: Slab
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen
  • Living Area Units: Square Feet
  • Total Sq Ft: 1175
  • Living Area Sq Ft: 1175
  • Price Per Sq Ft: 153.11
  • Above Grade Finished Sq Ft: 1175
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Off Street, Handicap Parking
  • Garage Features: Garage Door Opener
  • Type Of Parking: Off Street, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 3180.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • HOA Condo Co-Op Amenities: Retirement Community, Club House, Exercise Room, Game Room, Hot Tub, Pool - Outdoor
  • HOA Name: SUMMERSGATE CONDO
  • HOA: Yes
  • Senior Community Age Requirement: 55
  • Senior Community: Yes

Schools

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

Lot Info

  • Lot Features: Cleared, Corner
  • Outdoor Living Structures: Balcony
  • Zoning Description: B1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 6555795
  • Assessor Parcel Number: 047510
  • Tax Lot: A307
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2020
Sold by
Franks Roberta A
Bought by
Thomas Michele and Wise Katlyn Michele
Current Estimated Value
$221,840

Purchase Details

Listed on
Nov 10, 2017
Closed on
Dec 21, 2017
Sold by
Doherty Charels and Doherty Mily S
Bought by
Franks Robert A
Seller's Agent
Ann Hammond
Long & Foster Real Estate, Inc.
Buyer's Agent
Lana Foley
ERA Martin Associates
List Price
$179,900
Sold Price
$167,500
Premium/Discount to List
-$12,400
-6.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%

Purchase Details

Closed on
Jul 2, 2013
Sold by
Vantage At Summersgate Llc
Bought by
Doherty Emily S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
3.92%
Mortgage Type
New Conventional
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
Thomas Michele -- None Available
Franks Robert A $167,500 Mid Atlantic Title & Escrow
Doherty Emily S $170,000 Real Estate Title & Escrow L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Doherty Emily S $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2017 12/21/17 Sold $167,500 -6.9% $143 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
11/11/2017 11/11/17 For Sale $179,900 -- $153 / 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 $1,622 $172,700 $51,800 $120,900
2024 $1,622 $169,167 $0 $0
2023 $1,637 $165,633 $0 $0
2022 $1,652 $162,100 $48,600 $113,500
2021 $1,672 $162,100 $48,600 $113,500
2020 $1,672 $162,100 $48,600 $113,500
2019 $1,697 $162,100 $48,600 $113,500
2018 $3,286 $160,133 $0 $0
2017 $2,849 $158,167 $0 $0
2016 $1,921 $156,200 $0 $0
2015 $1,921 $141,967 $0 $0
2014 $1,921 $127,733 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ann Hammond

    Seller's Agent in 2017

    Ann Hammond

    Long & Foster

    (410) 430-4547

    11 in this area

    40 Total Sales

    Ann Hammond
    Section Image

  • L

    Buyer's Agent in 2017

    Lana Foley

    ERA Martin Associates

See All Agents

Map

Source: Bright MLS

MLS Number: 1000518546

Bright MLS

APN: 08-047510

Maryland Wicomico County Salisbury 21804 South Salisbury

854 Tern Ln Unit 307, Salisbury, MD

Not Listed for Sale

Condos

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