Owner
$82,419
3960 SAINT LUKES RD, SALISBURY, MD
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
0
baths
1
sq. ft.
720
property type
Mobile/Manufactured Home (regardless of Land ownership)
hoa
No
About
Residential
Building Quality A
Poor Condition
Total Area
1 Story
No Basement
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1970
Building Size
720 sq ft
Lot Size
62,726 sq ft
Lot Size (Acres)
1.44 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)
16-003018
County
Wicomico County, MD
Metro Area
Salisbury, MD
Zoning
AR
Neighborhood/Subdivision
—
Lot Number
—
School District
Wicomico County Public Schools
Legal Description
L 300X210 3960 ST LUKES RD SE OF FRUITLAND
Tax & Value Information
Market Value (Total)
$37,000
Building Value
$4,600
Land Value
$32,400
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$36,833
Last Assessment Year
2023
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
7/17/2007
Recording Date
7/20/2007
Sales Document #
2007.72240
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
$3,189
Return on Investment
15.60%
After Repair Value
$90,661
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
$74,177
Renovation Cost
$4,121
Closing Costs (buying)
$1,484
Holding Costs
$2,250
Selling Costs
$5,440
Total Investment
$20,440
After Repair Value (ARV)
$90,661
Total Costs
$87,472
Estimated Profit
$3,189
Cash Invested
$18,956
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