tomo logo

$220,000

Beds
2
Baths
2.0
sq ft
1,175

854 Tern Ln Unit 208, Salisbury, MD 21804

854 Tern Ln Unit 208

SALISBURY, MD 21804

  • 42 days on market
Beautiful second floor condominium in Summers Gate’s local fifty-five plus active lifestyle development. The West facing property offers amazing sunsets for the owners to enjoy! The William Tell Overture playing in the background would be great to welcome the evening! Two bedrooms, two bath condominium is ready for you to move into and add your final additions! Other amenities include nice paint scheme throughout, appropriate luxury vinyl plank flooring and carpet in living areas and baths. Warm, rich cabinetry and granite counters create a beautiful kitchen space. Storage unit available for this unit. The community clubhouse additional space to explore with a fitness center, heated saltwater pool, hot tub, activity center, game room, big screen TVs, and great room with fireplace to gather with (or make new) friends and enjoy life! The social committee has fun Planned Activities! Within minutes to great Shopping, Restaurants, Parks, Hospital, Zoo, etc. Half hour to Ocean City and Delaware Beaches!!

Details

Property type

Condominium

Est. home value

$224,756

Lot size

Unknown

Price per sq ft

$188

Year built

2009

Annual property taxes

$3,370

HOA

No

Price History

10/18/2024
Bright

Bright #MDWC2015298

Listed
$220,000
+25.71%
12/01/2020
Bright

Bright #MDWC109466

Sold
$175,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

JAMES M. BENNETT

Community features: 

Pool, Sidewalks, Street Lights

School district: 

WICOMICO COUNTY PUBLIC SCHOOLS

Senior community center: 

Yes

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$82,695
Asking price
$220,000
Closing costs (~8% of asking)
-$17,600
Est. remaining loan balance
-$119,705
Cash to seller
$82,695

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mortgage Network Inc

Loan start date

December 2020

Original loan amount

$131,250

Est. remaining balance

$119,705

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Earl Ray Birch and Rebecca Mckee Birch

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/12/2024 at 2:35 PM

Listing updated: 10/18/2024 at 12:09 AM

Listed by: John E Terrell Jr., ERA Martin Associates Phone #: (410) 749-1818

MLS: Bright #MDWC2015298

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