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Sold for $550,000
  • $550,000

    516 Indian Ln, Salisbury, MD 21801

    4beds
    3,892sqft
    Single Family Residence
    Built in 1971
    0.48 Acres Lot
    $550,200 Zestimate®
    $141/sqft
    $2,893 Estimated rent

    Home value

    $550,200

    $501,000 - $605,000

    $2,893/mo

    Zestimate® history
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    What's special

    Mature treesHardscaped walkwayBrick drivewayWorkshop space with workbenchMultiple seating areasTwo car garageOversized primary bathroom
    PUBLIC SEPTIC, NO CITY TAXES in Tony Tank! Septic system was recently converted to public sewerNestled amongst mature trees in the desirable community of Tony Tank, you will find this 4 bedroom, 3.5 bath home with over 3,000 sqft of above ground living plus an additional approx 1,200 sqft partially finished basement. From the moment you arrive, the home welcomes you with timeless curb appeal - a brick driveway leading to a two car garage, hardscaped walkway, and a peaceful front porch perfect for sipping coffee. Inside, the layout provides both flexibility and comfort. Multiple seating areas include a cozy sitting room anchored by a wood‑burning fireplace. Toward the back of the home, the space opens into a bright, airy kitchen and dining area filled with natural light from expansive windows. Step directly onto the back deck for effortless indoor‑outdoor living and entertaining. The tree‑lined backyard offers privacy and serenity, along with a custom workshop equipped with electric—ideal for hobbies, storage, or creative projects. Back inside and headed to the second floor, there are 4 bedrooms. The primary bedroom is thoughtfully positioned at one end of the hallway for added privacy and includes an oversized primary bathroom and walk-in closet with custom organization. At the opposite end of the hallway sits 3 generously sized bedrooms and a hallway bathroom. There is pull down attic with floored storage space. The full-sized basement is a true bonus - partially finished and equipped with heating and AC. At the bottom of the stairs sits the very large laundry room with exterior access to the back yard, ample storage space with shelving, and a basement refrigerator. Across the hall is a workshop space with workbench. Beyond that you will find approx 779sqft of finished basement space with another access point to the backyard. There is so much to enjoy about this home. Lovingly cared for by its original owners for more than 50+ years, this home radiates pride of ownership and timeless charm. Come experience all it has to offer and imagine making it your own.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeanette Taylor 410-430-4810,

    Coldwell Banker Realty

    Bought with:

    Sophie Holloway, 5022635

    Real Broker, LLC

    Source: Bright MLS,MLS#: MDWC2022216MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Basement
    • Area: 2207
    Heating
    • Heat Pump, Natural Gas
    Cooling
    • Other, Electric
    Appliances
    • Included: Instant Hot Water
    Features
    • Basement: Partially Finished,Rear Entrance,Workshop,Heated
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 5,320
    • Total interior livable area: 3,892 sqft
    • Finished area above ground: 3,113
    • Finished area below ground: 779

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Faces Front, Inside Entrance, Attached, Driveway
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Accessible Approach with Ramp
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 0.48 Acres
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2316017469
    • Zoning: R20
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Foundation: Brick/Mortar, Block
    Condition
    • New construction: No
    • Year built: 1971

    Utilities & green energy

    • Sewer: Public Septic
    • Water: Private

    Community & HOA

    Community
    • Subdivision: Tony Tank
    HOA
    • Has HOA: Yes
    • HOA fee: $240 annually
    Location
    • Region: Salisbury

    Financial & listing details

    • Price per square foot: $141/sqft
    • Tax assessed value: $325,900
    • Annual tax amount: $2,705
    • Date on market: 4/7/2026
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    9/11/2026Sold$550,000-2.7%$141/sqft
    Source: Bright MLS #MDWC2022216 Report a problem
    8/11/2026Contingent$565,000$145/sqft
    Source: Bright MLS #MDWC2022216 Report a problem
    7/30/2026Price change$565,000-5.8%$145/sqft
    Source: Bright MLS #MDWC2022216 Report a problem
    5/15/2026Price change$599,900-4%$154/sqft
    Source: Bright MLS #MDWC2022216 Report a problem
    4/7/2026Listed for sale$624,900$161/sqft
    Source: Bright MLS #MDWC2022216 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$2,625 +2.2%$325,900 +11.1%
    2025$2,569 +2.7%$293,400 +12.5%
    2024$2,502 +1.1%$260,900 +5.2%
    2023$2,474 +3.3%$248,000 -4.9%
    2022$2,396 +3.6%$260,900 +17.4%
    2021$2,312 +4.1%$222,200 +4.1%
    2020$2,222 +3.6%$213,533 -3.9%
    2019$2,144 +3.9%$222,200 +13.3%
    2018$2,064 -2.8%$196,200
    2017$2,124 +0.9%$196,200
    2016$2,105 $196,200 -5.7%
    2015$2,105 $208,100
    2014$2,105 $208,100
    2013-- $208,100 -12.4%
    2012-- $237,600
    2011-- $237,600
    2010-- $237,600 -37.6%
    2009-- $380,990 +18.1%
    2008-- $322,652 +22.1%
    2007-- $264,316 +28.3%
    2006-- $205,980 +4.4%
    2005-- $197,322 +4.6%
    2004-- $188,666 +4.8%
    2003-- $180,010 +0.6%
    2002-- $178,956 +0.6%
    2001-- $177,903
    Find assessor info on the county website

    Neighborhood: 21801

    Nearby schools

    GreatSchools rating
    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
    $550,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $550,200