506 Railroad Ave
Saint Michaels, MD 21663
2 bd 2 ba 960 sqft Built 1972 Lot 7,725 sqft single_family
Most recent sale
$399,000
Mar 11, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 29, 2023 | Sold | $449,000 | BrightMLS |
| Jul 7, 2023 | Price changed | $449,000 | BrightMLS |
| Jun 20, 2023 | Listed | $469,000 | BrightMLS |
| Mar 11, 2022 | Sold | $399,000 | MLS #MDTA2002286 |
| Feb 21, 2022 | Listed | $399,000 | MLS #MDTA2002286 |
| Aug 15, 2019 | Sold | $267,000 | MLS #MDTA135086 |
| Jun 21, 2019 | Price changed | $275,000 | MLS #MDTA135086 |
| Apr 29, 2019 | Listed | $285,000 | MLS #MDTA135086 |
| Sep 17, 2018 | Sold | $285,000 | MLS #1001962266 |
| Jul 10, 2018 | Listed | $285,000 | MLS #1001962266 |
| Jul 16, 2015 | Sold | $204,000 | Public Record |
| Jul 11, 2015 | Listing removed | $219,900 | MRIS |
| Jul 10, 2015 | Sold | $204,000 | MLS #1003748201 |
| May 27, 2015 | Price changed | $219,900 | MLS #TA8553426 |
| Apr 22, 2015 | Price changed | $229,900 | MLS #TA8553426 |
| Feb 12, 2015 | Listed | $219,900 | MLS #1003748201 |
| Jul 11, 2008 | Sold | $185,000 | Public Record |
| Aug 25, 1998 | Sold | $89,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $193,200 | $101,700 | $294,900 | $3,676 |
| 2024 | $193,200 | $101,700 | $294,900 | $3,503 |
| 2022 | $159,900 | $101,700 | $261,600 | $2,999 |
| 2021 | — | — | $235,767 | $2,668 |
| 2020 | — | — | $209,933 | $2,384 |
| 2019 | $95,100 | $89,000 | $184,100 | $2,091 |
| 2018 | — | — | $172,033 | $1,918 |
| 2017 | — | — | $159,967 | $1,727 |
| 2016 | $71,600 | $76,300 | $147,900 | $1,467 |
| 2015 | $64,700 | $101,800 | $166,500 | $1,422 |
| 2014 | $64,700 | $101,800 | $166,500 | $1,578 |
| 2013 | $64,700 | $101,800 | $166,500 | $1,578 |
| 2012 | — | — | $166,500 | $1,663 |
| 2011 | — | — | $166,500 | $1,693 |
| 2010 | — | — | $180,490 | $1,913 |
| 2009 | — | — | $160,730 | $1,705 |
| 2008 | — | — | $140,970 | $1,521 |
Property facts
Year built
1972
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
960 sqft
Lot size
7,725 sqft
ZIP code
21663
City
Saint Michaels
Street
Railroad Ave
Coordinates
38.78628, -76.22874
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,440
Gross rental yield
4.33%
Implied cap rate
2.82%
Trend-extrapolated value
—
Frequently asked questions
When did 506 Railroad Ave last sell?
506 Railroad Ave most recently sold on Mar 11, 2022 for $399,000.
What is the current tax assessment for 506 Railroad Ave?
The most recent total assessment for 506 Railroad Ave (year 2025) is $294,900 with $3,676 in property tax.
How does 506 Railroad Ave's assessment compare to its last sale price?
The current assessment is 26.1% below the last sale price of $399,000.
When was 506 Railroad Ave built?
506 Railroad Ave was built in 1972.
How does 506 Railroad Ave compare to others on Railroad Ave?
We track 8 other properties on Railroad Ave. Browse the list under "Other properties on Railroad Ave" to compare beds, baths, and sale history.
What are the property facts for 506 Railroad Ave?
506 Railroad Ave is a 2 bed, 2 bath, 960 sqft, 7,725 sqft lot single_family.
Is 506 Railroad Ave a flip candidate?
No — 506 Railroad Ave does not appear in our flips dataset.
Is 506 Railroad Ave a tax-appeal candidate?
No — 506 Railroad Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.8%
Implied 1-yr
+7.2%
2026 Q3
$1.16M
2026 Q4
$1.18M
ZIP 21663 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Railroad Ave