Owner
$267,630
508 BARNSDALE DR, SALISBURY, MD
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
2
sq. ft.
1,152
property type
Single Family Residential
hoa
No
About
Residential
Building Quality B
Good Condition
Total Area
1.5 Stories
No Basement
Heat Pump
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1992
Building Size
1,152 sq ft
Lot Size
27,950 sq ft
Lot Size (Acres)
0.64 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
05-105811
County
Wicomico County, Maryland
Metro Area
Salisbury, MD
Zoning
R20
Neighborhood/Subdivision
BARNSD
Lot Number
11
School District
Wicomico County Public Schools
Legal Description
BL-C L-11 27,950 SQF 508 BARNSDALE DR KING WILLIAMS CT SEC 3
Tax & Value Information
Market Value (Total)
$177,200
Building Value
$146,300
Land Value
$30,900
Annual Property Tax
$1,440
Tax Assessment Year
2024
Assessed Value
$161,167
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
—
Recording Date
8/9/2004
Sales Document #
2004.42311
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$10,356
Return on Investment
15.60%
After Repair Value
$294,393
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$240,867
Renovation Cost
$13,382
Closing Costs (buying)
$4,817
Holding Costs
$7,308
Selling Costs
$17,664
Total Investment
$66,372
After Repair Value (ARV)
$294,393
Total Costs
$284,037
Estimated Profit
$10,356
Cash Invested
$61,555
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area