28 days on rocket

510 W Main St, Crisfield, MD, 21817

$425,000

Home List Price

$5,047*

Closing Credit

0 Baths
5,924 SqFt
$72/SqFt
Multi
Schools Nearby

Location

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510 W Main St, Crisfield$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
ParkingParking Lot
Year Built1946
HeatingHeat Pump
CoolingCentral Air
MLS #MDSO2004364
Lot Size0.09 Acres
StatusActive
(ACTIVE)

About 510 W Main St

Multi Unit Commercial & Multi Family Investment property in growing Crisfield Md. up for sale! This property has 3 residential apartment units and has one of the Best Locations right in the heart of Crisfield and on the Major Rd with Tons of Traffic and Visibility. It has been updated over the last 10-20 Years with all Residential and Commercial Units having Central Air and Heat systems installed, Replacement Windows, Roof, and the Electrical and Plumbing Systems Replaced / Updated. The Subway restaurant is no longer there, ( Pics reflect when Subway was occupying the property ), The unit is Vacant and ready for a new operator. The apartments generate approximately 2900.00 per month in gross income, When both commercial units are rents, it will provide another 2300.00 per month gross income for a total of 5200.00 a month or more ! You may turn the residential apartments into AIR BNB over time or buy this property and live in one of the units while running your business below! or buy it strictly as an investment! The possibilities are Endless! Crisfield is Growing and the City has many Initiatives and Improvements to its Infrastructure in the Works and offers a great opportunity for new investors and Business owners! Price reflects a great way to Own your own Multifamily and Commercial Building for an entry level price compared to other surrounding Markets. Ask your agent for the financials on this property and the details to see why this Property is a Great Investment Opportunity !

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1946
  • Living Area: 5,924 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (410) 543-4545
  • Listing Agent: David M Willman

Exterior Features

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: SEE GPS

Municipality:

  • Crisfield

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $72/SqFt

Tax Information:

  • Annual Amount: $2,763
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Crisfield, MD.

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Crisfield, MD

City

Med. Sold Price

$160.7K

Med. Price/SqFt

$113

Avg. Days On Market

101

# of Sold Homes

7

510 W Main St vs Crisfield

28 DAYS ON ROCKET

-73 Days

$425,000

+$264.3K More

$72/SqFt

-$41 Less

KEY TAKEAWAY

This property is $264.3K more than the Median Sold Price and $41/SqFt less than other homes in Crisfield, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDSO2004364

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (410) 543-4545
  • Listing Agent: David M Willman

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: 5/1/2024, 11:25:19 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

Oct 23, 2003Home Sold
$335,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,763$249,100
2020$2,763$248,500
2019$2,756$247,900
2018$2,757$247,900
2017$2,757$247,900

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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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-4455597
5
/10

  • Carter G Woodson Elementary School

  • 281A Woodson School Rd

  • 0.63 miles

  • Public District Grades PK-5

school-card-donut-4455598
6
/10

  • Deal Island School

  • 23275 Lola Wheatley Rd

  • 13.07 miles

  • Public District Grades PK-5

school-card-donut-4455599
8
/10

  • Pocomoke Elementary School

  • 2119 Pocomoke Beltway

  • 17.01 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,600. The majority of Crisfield, MD residents have income less than $35k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Maryland›Somerset County›Crisfield›21817›510 W Main St

This home is located at 510 W Main St in Crisfield, MD and zip code 21817. This 5,924 square foot home, which was built in 1946, sits on a 0.09 acre lot. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $425,000.

While more than 0 listings in Crisfield, MD in April 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 7 were sold below. The inventory of homes for sale in Crisfield, MD between March 2024 and April 2024 increased by 6.1%. In April 2024, listings were on the market for 101 days. During the same period, the median list price in this real estate market was $160,700.

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

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