1 year on rocket

312 Cherry Way, Salisbury, MD, 21804

$114,900

Home List Price

$1,364*

Closing Credit

2 Bedrooms
1 Full Bath
886 SqFt
$130/SqFt
House

Location

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312 Cherry Way, Salisbury$114,900

Buyer Closing Credits

$1,364*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Street
Year Built1950
HeatingHeat Pump
CoolingCentral Air
MLS #MDWC2008652
Lot Size0.17 Acres
StatusActive
(ACTIVE)

About 312 Cherry Way

Competitive Single Family home in Salisbury. This 2 bed 1 bath home is currently rented with the potential to increase rental cash flow.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1950
  • Stories: 1
  • Living Area: 886 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Delmarva
  • Office Phone: (410) 524-6400
  • Listing Agent: Michael Dunn

Interior Features

Interior Information:

  • Basement: No
  • Interior: Entry Level Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Cleared
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: US-50 W/Ocean Gateway to Wicomico County. Take the US-13 BUS exit from US-13 N/US-50 W. Continue on US-13 BUS S/N Salisbury Blvd. Drive to Cherry Way. Property will be on the left.

Municipality:

  • Salisbury

Price Information

Listing Price Info

Price Summary:

  • List Price: $114,900
  • Price Per SqFt: $130/SqFt

Tax Information:

  • Annual Amount: $412
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Salisbury, MD.

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Salisbury, MD

City

Med. Sold Price

$259.4K

Med. Price/SqFt

$166

Avg. Days On Market

34

# of Sold Homes

46

312 Cherry Way vs Salisbury

621 DAYS ON ROCKET

+587 Days

$114,900

-$144.5K Less

$130/SqFt

-$36 Less

KEY TAKEAWAY

This property is $144.5K less than the Median Sold Price and $36/SqFt less than other homes in Salisbury, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWC2008652

Listing Office:

  • Office Name: Keller Williams Realty Delmarva
  • Office Phone: (410) 524-6400
  • Listing Agent: Michael Dunn

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 8:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 19, 2018Home Sold
$35,000
Aug 20, 2013Home Sold
$25,000
Sep 17, 2007Home Sold
$27,000

Tax History

YEARPROP. TAXASSESSMENT
2021$412$44,200
2020$491$41,800
2018$457$37,733
2017$439$36,067

History based on county public records data.

Payment Calculator

$641

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$411

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-226813
3
/10

  • East Salisbury Elementary School

  • 1201 Old Ocean City Rd

  • 0.87 miles

  • Public District Grades 3-5

school-card-donut-226814
6
/10

  • North Salisbury Elementary School

  • 1213 Emerson Ave

  • 1.20 miles

  • Public Magnet Grades 3-5

school-card-donut-226815
3
/10

  • Glen Avenue School

  • 1615 Glen Avenue Ext

  • 1.93 miles

  • Public District Grades 2-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,683. Most Salisbury, MD residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Salisbury, MD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Salisbury, MD?

Salisbury's housing market offers a diverse array of options, with single-family homes being a significant presence. Architectural styles range from classic colonial to contemporary ranch designs, reflecting the city's historical roots and modern growth. While the majority of homes are owner-occupied, a substantial portion of the population opts for rental properties, including apartments and townhouses, accommodating a variety of lifestyle needs.

Is Salisbury, MD a good place to live?

Salisbury is celebrated for its vibrant community spirit and rich cultural heritage. The city prides itself on hosting events like the annual Salisbury Festival, which showcases local art, music, and cuisine, fostering a strong sense of community among residents. The downtown area, with its historic charm and modern amenities, serves as a focal point for communal gatherings and social activities.

Are things conveniently located in Salisbury, MD?

The community benefits from a robust educational system, with multiple public schools at the elementary, middle, and high school levels, as well as private educational institutions that cater to diverse learning preferences. Healthcare services are comprehensive, with facilities offering urgent care, primary care, and specialized medical treatments. The public library system serves as a valuable resource for residents, and the city's retail and dining establishments reflect the local culture, with initiatives in place to adapt to the evolving needs of the population.

What does the transportation in Salisbury, MD look like?

Salisbury's transport infrastructure caters to a range of preferences, with public transit options complementing the network of roads and highways that facilitate travel within and beyond the city. The area's walkability varies, with certain neighborhoods offering more pedestrian-friendly environments than others. Bike paths and lanes are also available for cycling enthusiasts. Public transportation schedules are designed to accommodate the needs of commuters, with enhancements to transport efficiency and accessibility being an ongoing focus for city planners.

Frequently Asked Questions About 312 Cherry Way

What is the listing price of this property?

The listing price of 312 Cherry Way property is $114,900.

What type of property is this?

The property 312 Cherry Way is a house located in Salisbury, Maryland, 21804.

Is this property for sale now?

Active Listing: 312 Cherry Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $412 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 19, 2018 for $35,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 312 Cherry Way has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 312 Cherry Way is 886 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 312 Cherry Way is 1950.

Rocket Homes›Maryland›Wicomico County›Salisbury›21804›312 Cherry Way

This home is located at 312 Cherry Way in Salisbury, MD and zip code 21804. This 886 square foot home, which was built in 1950, sits on a 0.17 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 11, 2023 and is currently priced at $114,900.

Salisbury, MD housing market in October 2024 saw over 13 listings sold above listed price, more than 9 sold at listed price and over 24 sold below. The number of homes for sale in Salisbury, MD increased by 8.6% between September 2024 and October 2024. The median list price of listings available in October 2024 was $259,450, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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