$165,000
SOLD MAY 25, 2024
4 Beds
2 Baths
1,260 Sq Ft
3,500 Sq Ft Lot

Recently Sold

$131 Per Sq Ft

38 Days on Market

Highlights

  • No HOA
  • Central Air
  • Heat Pump System

About This Home

As of May 2024

** Property is part of a larger portfolio and will not be sold individually. Asking price for entire portfolio is $2,979,200** Welcome to an exceptional investment opportunity! This diversified portfolio consists of 19 properties comprising a total of 20 units, primarily single-family homes, along with one duplex. With a gross annual rental income of $319,860, this portfolio offers a robust and steady income stream for savvy investors and with some properties being newly renovated and others offering value-add opportunities, the potential is limitless! Tenants are responsible for water, trash, sewer and lawn maintenance, ensuring minimal expenses for the property owner. All properties are located in Salisbury and Fruitland, so they benefit from a stable rental demand and strong long-term tenant occupancy. Whether you’re a seasoned investor or just getting started in real estate, this portfolio offers the potential for significant returns and long-term wealth accumulation.

Last Agent to Sell the Property

Aubrey Campbell

Keller Williams Realty Delmarva License #5005561 Listed on: 02/09/2024

Keller Williams Realty Delmarva

Co-Listed By

Bret Davis

Keller Williams Realty Delmarva

Last Buyer's Agent

Aubrey Campbell

Keller Williams Realty Delmarva License #5005561 Listed on: 02/09/2024

Keller Williams Realty Delmarva

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,494

Year Built

  • Built in 1998

Lot Details

  • 3,500 Sq Ft Lot
  • Property is zoned R10

Parking

  • Driveway

Home Design

  • Block Foundation

Interior Spaces

  • 1,260 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 2313052018

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,494

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1998
  • Automatically Close On Close Date: No
  • Remarks Public: ** Property is part of a larger portfolio and will not be sold individually. Asking price for entire portfolio is $2,979,200** Welcome to an exceptional investment opportunity! This diversified portfolio consists of 19 properties comprising a total of 20 units, primarily single-family homes, along with one duplex. With a gross annual rental income of $319,860, this portfolio offers a robust and steady income stream for savvy investors and with some properties being newly renovated and others offering value-add opportunities, the potential is limitless! Tenants are responsible for water, trash, sewer and lawn maintenance, ensuring minimal expenses for the property owner. All properties are located in Salisbury and Fruitland, so they benefit from a stable rental demand and strong long-term tenant occupancy. Whether you’re a seasoned investor or just getting started in real estate, this portfolio offers the potential for significant returns and long-term wealth accumulation.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1260
  • Living Area Sq Ft: 1260
  • Price Per Sq Ft: 130.95
  • Above Grade Finished Sq Ft: 1260
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 902

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • 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: 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
  • 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: 0.08
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3500.00
  • Year Assessed: 2023
  • Zoning: R10
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2494.00
  • Assessor Parcel Number: 2313052018
  • Tax Lot: 3
  • Tax Total Finished Sq Ft: 1260
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/25/2024

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2025
Sold by
Real Estate Capital Partners 4 Llc
Bought by
Magnolia Team Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 9, 2024
Closed on
Jul 2, 2024
Sold by
Abc Investments Llc
Bought by
Real Estate Capital Partners 4 Llc
Seller's Agent
Aubrey Campbell
Keller Williams Realty Delmarva
Buyer's Agent
Aubrey Campbell
Keller Williams Realty Delmarva
List Price
$165,000
Sold Price
$165,000
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.37%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $151,667 United Title
Deed $151,667 United Title
Deed $1,842,105 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 For Sale $245,000 +48.5% $194 / Sq Ft
05/25/2024 05/25/24 Sold $165,000 0.0% $131 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $165,000 -- $131 / 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 $1,274 $132,900 $15,500 $117,400
2023 $1,225 $122,800 $0 $0
2022 $1,148 $112,700 $0 $0
2021 $1,049 $102,600 $15,500 $87,100
2020 $1,049 $101,700 $0 $0
2019 $1,055 $100,800 $0 $0
2018 $2,053 $99,900 $15,500 $84,400
2017 $2,046 $99,533 $0 $0
2016 -- $99,167 $0 $0
2015 $1,899 $98,800 $0 $0
2014 $1,899 $98,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Bright MLS

MLS Number: MDWC2012492

Bright MLS

APN: 13-052018