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Backup Offers

516 Bailey Ln, Salisbury, MD, 21801

$244,900

Home List Price

$2,908*

Closing Credit

3 Bedrooms
2 Full Baths
1,206 SqFt
$203/SqFt
House

Location

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516 Bailey Ln, Salisbury$244,900

Buyer Closing Credits

$2,908*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, On Street
Year Built2021
HeatingHeat Pump
CoolingCentral Air
MLS #MDWC2015690
Lot Size0.19 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 516 Bailey Ln

This beautiful rancher was just built in 2021 so everything is LIKE NEW (but without the brand new price)! With 3 bedrooms and 2 full baths, this one is sure to be the perfect fit for someone who wants an affordable, move-in ready home. As you enter the home, you are greeted by a cozy and inviting living room. Down the hall leads to the rest of the home with the primary bedroom to your right with its spacious en-suite bathroom and then the 2nd full bath and two more bedrooms. The kitchen and dining area is an open concept with modern touches and all stainless appliances. There is a rear deck with ample room to enjoy entertaining outside. Don’t miss this great opportunity! Schedule your showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch/Rambler
  • Year Built: 2021
  • Stories: 1
  • Living Area: 1,206 SqFt

Listing Office:

  • Office Name: RE/MAX Advantage Realty
  • Office Phone: (410) 871-2600
  • Listing Agent: Ryan Basch

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Oven, Electric Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener, Water Heater
  • Basement: No
  • Interior: Combination Kitchen/Dining, Primary Bath(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Driveway, On Street

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: GPS recommended for convenience.

Price Information

Listing Price Info

Price Summary:

  • List Price: $244,900
  • Price Per SqFt: $203/SqFt

Tax Information:

  • Annual Amount: $183
  • 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

$259.9K

Med. Price/SqFt

$167

Avg. Days On Market

36

# of Sold Homes

52

516 Bailey Ln vs Salisbury

53 DAYS ON ROCKET

+17 Days

$244,900

-$15K Less

$203/SqFt

+$36 More

KEY TAKEAWAY

This property is $15K less than the Median Sold Price and $36/SqFt more than other homes in Salisbury, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWC2015690

Listing Office:

  • Office Name: RE/MAX Advantage Realty
  • Office Phone: (410) 871-2600
  • Listing Agent: Ryan Basch

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: 12/23/2024, 10:20:57 PM 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 02, 2021Home Sold
$185,000
Jul 07, 2008Home Sold
$21,500

Tax History

YEARPROP. TAXASSESSMENT
2021$183$117,633
2020$272$17,500
2018$244$17,500
2017$252$18,300

History based on county public records data.

Payment Calculator

$1,290

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$801

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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-1272301
6
/10

  • North Salisbury Elementary School

  • 1213 Emerson Ave

  • 1.55 miles

  • Public Magnet Grades 3-5

school-card-donut-1272302
3
/10

  • East Salisbury Elementary School

  • 1201 Old Ocean City Rd

  • 2.33 miles

  • Public District Grades 3-5

school-card-donut-1272303
5
/10

  • Pemberton Elementary School

  • 1300 Pemberton Dr

  • 2.63 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,389. Typical income of Salisbury, MD residents is less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

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.

Types of housing 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.

What is it like to live in Salisbury, MD?

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.

Is it easy to get around Salisbury, MD without a car?

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.

Transportation in Salisbury, MD.

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 516 Bailey Ln

What is the listing price of this property?

The listing price of 516 Bailey Ln property is $244,900.

What type of property is this?

The property 516 Bailey Ln is a house located in Salisbury, Maryland, 21801.

Is this property for sale now?

Accepting Backup Offers: 516 Bailey Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $183 (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 2, 2021 for $185,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 516 Bailey Ln has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 516 Bailey Ln is 1,206 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 516 Bailey Ln is 2021.

Rocket Homes›Maryland›Wicomico County›Salisbury›21801›516 Bailey Ln

This home is located at 516 Bailey Ln in Salisbury, MD and zip code 21801. This 1,206 square foot home, which was built in 2021, sits on a 0.19 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $244,900.

In November 2024, from all listings sold in Salisbury, MD there were more than 13 sold above asking price, over 21 sold below and more than 18 were sold right at the asked price. The number of homes for sale in Salisbury, MD increased by 1.1% between October 2024 and November 2024. While the average time on the market in November 2024 was 36 days, the median list price was $259,966.

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

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