318 Cherry Way
Salisbury, MD 21804
3 bd 1 ba 874 sqft Built 1947 Lot 7,500 sqft single_family
Most recent sale
$103,000
Aug 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 15, 2022 | Sold | $103,000 | MLS #MDWC2005712 |
| Jun 29, 2022 | Listed | $99,900 | MLS #MDWC2005712 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $53,600 | $25,200 | $78,800 | $780 |
| 2024 | $53,600 | $25,200 | $78,800 | $734 |
| 2022 | $30,000 | $25,200 | $55,200 | $598 |
| 2019 | $28,400 | $17,200 | $45,600 | $535 |
| 2018 | — | — | $43,467 | $515 |
| 2017 | — | — | $41,333 | $493 |
| 2016 | $22,000 | $17,200 | $39,200 | $477 |
| 2015 | $22,000 | $17,200 | $39,200 | $477 |
| 2014 | $20,000 | $28,200 | $39,200 | $552 |
| 2013 | $20,000 | $28,200 | $48,200 | $519 |
| 2012 | — | — | $48,200 | $455 |
| 2011 | — | — | $48,200 | $612 |
Property facts
Year built
1947
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
874 sqft
Lot size
7,500 sqft
ZIP code
21804
City
Salisbury
Street
Cherry Way
Coordinates
38.38624, -75.57236
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
$618
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 318 Cherry Way last sell?
318 Cherry Way most recently sold on Aug 15, 2022 for $103,000.
What is the current tax assessment for 318 Cherry Way?
The most recent total assessment for 318 Cherry Way (year 2025) is $78,800 with $780 in property tax.
How does 318 Cherry Way's assessment compare to its last sale price?
The current assessment is 23.5% below the last sale price of $103,000.
When was 318 Cherry Way built?
318 Cherry Way was built in 1947.
How does 318 Cherry Way compare to others on Cherry Way?
We track 8 other properties on Cherry Way. Browse the list under "Other properties on Cherry Way" to compare beds, baths, and sale history.
What are the property facts for 318 Cherry Way?
318 Cherry Way is a 3 bed, 1 bath, 874 sqft, 7,500 sqft lot single_family.
Is 318 Cherry Way a flip candidate?
No — 318 Cherry Way does not appear in our flips dataset.
Is 318 Cherry Way a tax-appeal candidate?
No — 318 Cherry Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.5%
Implied 1-yr
+10.1%
2026 Q3
$300.8K
2026 Q4
$307.3K
ZIP 21804 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cherry Way