NOT LISTED FOR SALE

Estimated Value: $286,758

1.77 Acres
$162,010 Price per Acre
77,101 Sq Ft Lot

Sale Details

Date Sold: March 11, 2022

Last sale price $227,950

Est. 26% increase in value since last sale

Current estimated payment $1,732 / mo

5 Days on Market

Highlights

  • City View
  • 1.77 Acre Lot
  • No HOA

About This Lot

As of March 2022

Fully gated commercial lot in the heart of Salisbury's commercial district. Currently, the land is leased to 5 separate towing companies and/or repo companies that store accident cars/insurance claims and repo's. Current leases are month to month and gross income is approximately $2,500/month. Long term tenants.

Last Agent to Sell the Property

Greg Johnson

(410) 749-1818 greg.johnson@era.com ERA Martin Associates Listed on: 01/07/2022

ERA Martin Associates

Last Buyer's Agent

Gina Gargeu

(410) 547-1116 Gina@C21DT.com Century 21 Downtown

Century 21 Downtown
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,778

Lot Details

  • 1.77 Acre Lot
  • Chain Link Fence
  • Cleared Lot
  • No Building Permits
  • Property is zoned GC

Additional Features

  • City Views
  • Phone Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2313036705

Property Details

Property Type

Land

Est. Annual Taxes

$3,778

Lot Details

1.77 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial, Parking, Storage Yard
  • Historic: No
  • Federal Flood Zone: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 3.05

Exterior Features

  • Construction Completed: No
  • Road Surface Type: Black Top
  • View: City, Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Utilities: Electric Available, Phone Available, Sewer Available
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Fencing: Chain Link
  • Lot Count: 1
  • Lot Features: Cleared
  • Lot Size Acres: 1.77
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 77106.00
  • Possible Use: Automotive, Commercial, Land/Lot Only, Parking, Storage Yard
  • Zoning: GC
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Lease Considered: No
  • Lease In Effect: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5362262
  • Tax Annual Amount: 3778.00
  • Assessor Parcel Number: 2313036705
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2022
Closed on
Mar 10, 2022
Sold by
Mills Storage Llc
Bought by
Seller's Agent
Greg Johnson
ERA Martin Associates
Buyer's Agent
Gina Gargeu
Century 21 Downtown
List Price
$235,000
Sold Price
$227,950
Premium/Discount to List
-$7,050
-3%
Current Estimated Value
$286,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,808
Avg. Annual Appreciation
5.23%

Purchase Details

Closed on
Aug 30, 2017
Sold by
Mills Mills A and Mills William K
Bought by
Mills Storage Llc

Purchase Details

Closed on
May 20, 2005
Sold by
Boggs D Gary D and Boggs Brenda O
Bought by
Mills A Kenneth A and Mills William K

Purchase Details

Closed on
Jun 23, 1987
Sold by
Oliphant Chevrolet Sales, Inc.
Bought by
Boggs Boggs D and Boggs Brenda O
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$227,950 None Listed On Document
Mills Storage Llc -- Mid Atlantic Title & Escrow
Mills A Kenneth A $133,000 --
Boggs Boggs D $450,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $130,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/11/2022 03/11/22 Sold $227,950 -3.0% --
01/12/2022 01/12/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $235,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,803 $208,533 $0 $0
2025 $1,803 $197,367 $0 $0
2024 $1,785 $186,200 $184,700 $1,500
2023 $1,841 $186,200 $184,700 $1,500
2022 $1,897 $186,200 $184,700 $1,500
2021 $1,917 $187,500 $184,700 $2,800
2020 $1,934 $187,500 $184,700 $2,800
2019 $1,962 $187,500 $184,700 $2,800
2018 $3,876 $187,900 $184,700 $3,200
2017 $4,096 $187,533 $0 $0
2016 -- $187,167 $0 $0
2015 $3,523 $186,800 $0 $0
2014 $3,523 $186,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWC2003092

Bright MLS

APN: 13-036705

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