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1018 Margaret Street

1018 Margaret Street, Salisbury, MD 21804
Property in Wicomico
Sold Feb 23, 2021
$65,500
$55,675 by Mclean Mortgage Corp
Mortgage Due Mar 01, 2051
Sold Feb 22, 2021
$65,500
$55,675 by Mclean Mortgage Corp
Mortgage Due Mar 01, 2051
1018 Margaret Street has been categorized by the local assessors in Salisbury, MD as a residential type of property. The building on the property was first built in 1947 and is 77 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1018 Margaret Street has 1,023 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,000 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as fair. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of unknown. In terms of heating, it is utilizing a forced air unit. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Feb 18, 2021 for $65,500. That's $64.03 per sqft. Prior to that sales transaction, the property was also sold in Feb 18, 2021 for $65,500. 1018 Margaret Street was last assessed in 2023. The total value of the property was assessed at $59,833. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $597. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: B
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,023
  • Gross Building Area: 1,023
  • Building Area: 1,023
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,023
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WICOMICO COMMONS
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 5,000 SQ FT 1018 MARGARET ST CITY OF SALIS

Ownership

  • Current Owner : HENRY MARIE
  • Previous Owner : J & G REALTY LLC
  • Owner Before Previous Owner: J & G REALTY LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wicomico County Public Schools
  • Census Tract: 000500

Zoning

  • Zoning: R8

Geography

  • Assessors Map Reference: 115 17 2846
  • Account Number: 047677
  • District: 13
  • Parcel: 13-047677
  • Municipality: SALISBURY
  • Latitude: 38.3485
  • Longitude: -75.5942

    Address

  • Full Address: 1018 Margaret St
  • Address - House Number: 1018
  • Address - Street Name: Margaret
  • Address - Suffix Type: St
  • State: MD
  • City Name: Salisbury
  • Carrier Code: C013
  • 4-Digit Zip Code: 6542
  • Zip Code: 21804

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $597
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1349
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 73
  • Final Value: 121,160
  • High Value: 137,512
  • Low Value: 104,807

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $55,675
  • First Open Lien Mortgage Lender: MCLEAN MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Feb 23, 2021
  • First Open Lien Mortgage Loan Amount: $55,675
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Market Valuation

  • Market Total Value: $72,400
  • Market Land Value: $11,000
  • Market Improvement Value: $61,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $59,833

    Sales

  • Current Sale Contract Date: Feb 18, 2021
  • Current Sale Recording Date: Feb 23, 2021
  • Current Sale Transaction ID: 11835269828
  • Current Sale Price: $65,500
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Feb 22, 2021
  • Previous Sale Contract Date: Feb 18, 2021
  • Previous Sale Amount: $65,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MCLEAN MORTGAGE CORP
  • First Mortgage Transaction Date: Feb 23, 2021
  • First Mortgage Loan Amount: $55,675
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MCLEAN MORTGAGE CORP
  • Previous Mortgage Transaction Date: Feb 22, 2021
  • Previous Mortgage Loan Amount: $55,675
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2051

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Frequently Asked Questions

What neighborhood is 1018 Margaret Street located in?
The 1018 Margaret Street is a located in the neighborhood of Wicomico in Salisbury, Salisbury.
What is the average sales price for listings in 1018 Margaret Street?
The average sales price for units in 1018 Margaret Street is $0 currently.

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