507 Schumaker Ln
Salisbury, MD 21804
3 bd 1 ba 1,404 sqft Built 1954 Lot 20,775 sqft single_family
Most recent sale
$229,000
Mar 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 20, 2024 | Price changed | $259,900 | BrightMLS |
| Oct 4, 2024 | Listed | $269,900 | BrightMLS |
| Mar 30, 2022 | Sold | $229,000 | MLS #MDWC2002284 |
| Jan 13, 2022 | Price changed | $229,000 | MLS #MDWC2002284 |
| Dec 1, 2021 | Price changed | $239,000 | MLS #MDWC2002284 |
| Nov 29, 2021 | Price changed | $259,000 | MLS #MDWC2002284 |
| Nov 22, 2021 | Listed | $269,000 | MLS #MDWC2002284 |
| Sep 9, 2021 | Sold | $135,000 | Public Record |
| Oct 24, 2018 | Sold | $77,000 | Public Record |
| Sep 26, 2018 | Listing removed | $79,900 | BrightMLS |
| Sep 18, 2018 | Price changed | $79,900 | MLS #1002273238 |
| Aug 17, 2018 | Listed | $84,900 | MLS #1002273238 |
| Nov 30, 1983 | Sold | $50,750 | Public Record |
| May 18, 1978 | Sold | $34,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $171,100 | $29,100 | $200,200 | $1,829 |
| 2024 | $171,100 | $29,100 | $200,200 | $1,607 |
| 2022 | $78,000 | $29,100 | $107,100 | $1,091 |
| 2021 | — | — | $106,467 | $1,088 |
| 2020 | — | — | $105,833 | $1,091 |
| 2019 | $76,100 | $29,100 | $105,200 | $1,211 |
| 2018 | — | — | $100,333 | $1,055 |
| 2017 | — | — | $95,467 | $1,004 |
| 2016 | $61,500 | $29,100 | $90,600 | $964 |
| 2015 | $61,500 | $29,100 | $90,600 | $964 |
| 2014 | $67,200 | $44,100 | $90,600 | $1,136 |
| 2013 | $67,200 | $44,100 | $111,300 | $1,035 |
| 2012 | — | — | $111,300 | $908 |
| 2011 | — | — | $111,300 | $817 |
| 2010 | — | — | $134,450 | $742 |
Property facts
Year built
1954
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,404 sqft
Lot size
20,775 sqft
ZIP code
21804
City
Salisbury
Street
Schumaker Ln
Coordinates
38.35879, -75.56779
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,106
Gross rental yield
11.04%
Implied cap rate
7.17%
Trend-extrapolated value
—
Frequently asked questions
When did 507 Schumaker Ln last sell?
507 Schumaker Ln most recently sold on Mar 30, 2022 for $229,000.
What is the current tax assessment for 507 Schumaker Ln?
The most recent total assessment for 507 Schumaker Ln (year 2025) is $200,200 with $1,829 in property tax.
How does 507 Schumaker Ln's assessment compare to its last sale price?
The current assessment is 12.6% below the last sale price of $229,000.
When was 507 Schumaker Ln built?
507 Schumaker Ln was built in 1954.
How does 507 Schumaker Ln compare to others on Schumaker Ln?
We track 4 other properties on Schumaker Ln. Browse the list under "Other properties on Schumaker Ln" to compare beds, baths, and sale history.
What are the property facts for 507 Schumaker Ln?
507 Schumaker Ln is a 3 bed, 1 bath, 1,404 sqft, 20,775 sqft lot single_family.
Is 507 Schumaker Ln a flip candidate?
Yes — 507 Schumaker Ln appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 507 Schumaker Ln a tax-appeal candidate?
No — 507 Schumaker Ln 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 Schumaker Ln