Investment Opportunity in a Strong Rental Market 2 unit, 2688 Square Foot Duplex on Tony Tank Pond consisting of Two, Four Bedroom/Two bath units Rental Income of $50,780 and NOI of $36,213 which includes professional management. Both units are in great condition with no deferred maintenance. Tenants are responsible for all utilities & water/sewer. The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid. Both units are fully rented for 2024/2025 school year. Buyers can tour the interior of the units with an agreed upon LOI.
Sold for $475,000
$475,000
230 Lakewood Dr, Salisbury, MD 21804
6beds
--baths
2,688sqft
Duplex
Built in 2002
-- sqft lot
$447,100 Zestimate®
$177/sqft
$1,552 Estimated rent
Home value
$447,100
$416,000 - $474,000
$1,552/mo
Zestimate® history
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$1,552/mo
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$2,885/mo
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Zillow last checked:
Listing updated:
Listed by:
Andrew Ball 410-422-3672,
SVN |Miller Commercial Real Estate
Bought with:
Nathan Harding
Sharon Real Estate P.C.
Source: Bright MLS,MLS#: MDWC2014740
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Heating
- Heat Pump, Electric
Cooling
- Heat Pump, Electric
Appliances
- Included: Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,688
- Total interior livable area: 2,688 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off Street, Parking Lot
Accessibility
- Accessibility features: None
Features
- Pool features: None
- Has view: Yes
- View description: Pond
- Has water view: Yes
- Water view: Pond
- Waterfront features: Pond
- Frontage length: Water Frontage Ft: 40
Lot
- Size: 0.34 Acres
- Features: Corner Lot/Unit
Details
- Additional structures: Above Grade
- Parcel number: 2313061718
- Zoning: R-5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Duplex
Materials
- Combination
- Foundation: Block
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Salisbury
Financial & listing details
- Price per square foot: $177/sqft
- Tax assessed value: $243,500
- Annual tax amount: $4,899
- Date on market: 8/14/2024
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 50780
Price history
| Date | Event | Price |
|---|---|---|
| 11/8/2024 | Sold | $475,000$177/sqft |
Source:  Bright MLS #MDWC2014740 Report a problem | ||
| 8/22/2024 | Contingent | $475,000$177/sqft |
Source: Bright MLS #MDWC2014740 Report a problem | ||
| 8/14/2024 | Listed for sale | $475,000$177/sqft |
Source: Bright MLS #MDWC2014740 Report a problem | ||
| 6/21/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 5/31/2022 | Price change | $1,800-5.3%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 5/17/2022 | Price change | $1,900-5%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/8/2022 | Listed for rent | $2,000+66.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/7/2018 | Listing removed | $1,200 |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 7/27/2018 | Listed for rent | $1,200-39.4% |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 3/26/2016 | Listing removed | $1,980$1/sqft |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 1/20/2016 | Listed for rent | $1,980+4.2%$1/sqft |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 1/15/2015 | Listing removed | $1,900$1/sqft |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 12/15/2014 | Listed for rent | $1,900+36.2%$1/sqft |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 5/20/2014 | Listing removed | $1,395$1/sqft |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 4/5/2014 | Price change | $1,395-15.5%$1/sqft |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 3/20/2014 | Price change | $1,650+208.4%$1/sqft |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 2/28/2014 | Price change | $535-75% |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 2/13/2014 | Price change | $2,140+300%$1/sqft |
Source: Fairfax Properties at Salisbury Report a problem | ||
| 1/29/2014 | Listed for rent | $535 |
Source: Zillow Rental Network Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,371 -51.1% | $257,133 +5.6% |
| 2024 | $4,851 -1% | $243,500 +0.9% |
| 2023 | $4,899 +2.4% | $241,233 -0.9% |
| 2022 | $4,785 -0.1% | $243,500 +2.9% |
| 2021 | $4,790 +0.5% | $236,700 +0.5% |
| 2020 | $4,765 +0.2% | $235,433 -0.5% |
| 2019 | $4,753 +0.3% | $236,700 +1.6% |
| 2018 | $4,740 +3.8% | $232,900 +5.1% |
| 2017 | $4,567 +20.9% | $221,500 +5.4% |
| 2016 | $3,777 | $210,100 +5.7% |
| 2015 | $3,777 | $198,700 |
| 2014 | $3,777 | $198,700 |
| 2013 | -- | $198,700 -11% |
| 2012 | -- | $223,200 |
| 2011 | -- | $223,200 |
| 2010 | -- | $223,200 -27.9% |
| 2009 | -- | $309,430 +10.5% |
| 2008 | -- | $280,082 +11.7% |
| 2007 | -- | $250,736 +13.3% |
| 2006 | -- | $221,390 +4.7% |
| 2005 | -- | $211,430 +4.9% |
| 2004 | -- | $201,470 +5.2% |
| 2003 | -- | $191,510 +1026.5% |
| 2002 | -- | $17,000 |
| 2001 | -- | $17,000 |
Find assessor info on the county website
Neighborhood: 21804
Nearby homes
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Nearby schools
GreatSchools rating
- 8/10Fruitland Intermediate SchoolGrades: 3-5Distance: 1.1 mi
- 5/10Bennett Middle SchoolGrades: 6-8Distance: 1.8 mi
- 5/10Parkside High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- District: Wicomico County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$447,100
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Estimated market value
$447,100
- Maryland
- Wicomico County
- Salisbury
- 21804
- 230 Lakewood Dr
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