103 S Somerset Ave · Crisfield, MD 21817

$79,999

3 bd · 1.5 ba · 1,904 sqft · SingleFamily public records · 37 Days on market

Built 1900 $42/sqft · 43% below area Est $141k · 43% under

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Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0

Listing remarks MLS

Public Auction Sale: Tues. , Jan. , 15th @ 11:00AM to be held on the premises. $1,500 Deposit in form of cash or certified check only to be eligible to bid. 3 bedrooms (1 on main level) and 2 full bathrooms in need of renovations. Features Include:Wood floors throughout first level, Over-sized eat-in kitchen, Enclosed sunroom, Paved driveway. List price to be opening bid. No pre-auction offers accepted.

Key facts

• Garage
• Built 1900
• Listed 37 days

Property features AI

Finance

• HOA & community: Community amenities include boat ramp and marina/marina club

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer; Electric hot water; Cable TV available; No municipal trash service
• Home design: Detached structure; Two floors in unit; Fee simple ownership; Located in a federal AE flood zone
• Construction: Frame construction with vinyl siding; Stick-built; Metal roof; Block foundation with crawl space; Insulated windows; Building not winterized; Estimated year built
• Exterior features: Cleared lot; Enclosed outdoor living area (porch/patio); Storage barn/shed

Interior

• Kitchen: Electric range/oven; Dishwasher; Refrigerator
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Zoned heating (electric); Window air conditioning units (electric)
• Interior features: Entry-level bedroom; Ceiling fans; Walk-in closet; Storm door
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $62 ($749/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#199 in MD) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Somerset County Public Schools (town): math 12% / reading 23% proficiency, ranked #22 of 24 in MD (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Somerset 6/7 Intermediate School (math 8% / reading 26%, grade F, #170 of 225 statewide, top 77%, 396 students, 73% FRL); Crisfield Academy And High School (math 17% / reading 42%, grade F, #154 of 222 statewide, top 70%, 350 students, 65% FRL) — zoned schools at 69% FRL track the district average.
• Market conditions: 93 active listings in the ZIP; 49 units permitted in Somerset County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($553 loan paydown + $8k appreciation (10.0% local appreciation)).
• Somerset County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $42k; list at $80k implies a 90% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,599 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.64% ✓
• Cap rate: 13.63%
• Cash-on-cash: 26.19%
• DSCR: 2.17
• GRM: 5.1

CMA / ARV

• ARV (median comp): $141,250
• List price: $79,999
• Delta: -43.36%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7 Cove St	0.07mi	3/1.0	1,752 (-8%)	1mo	$125,000	$71	80
313 W Main St	0.44mi	4/3.0 (+1)	1,872 (-2%)	3mo	$135,000	$72	63
34 Maryland Ave	0.67mi	3/2.0	1,840 (-3%)	4mo	$220,000	$120	58
26545 Asbury Ave	0.54mi	4/2.5 (+1)	1,920 (+1%)	8mo	$216,500	$113	58
20 Elzie Ln	0.15mi	4/3.0 (+1)	2,080 (+9%)	11mo	$220,000	$106	57
120 N Somerset Ave	0.29mi	4/1.5 (+1)	2,080 (+9%)	13mo	$240,000	$115	55
206 Laird Ave	0.46mi	3/2.0	1,788 (-6%)	17mo	$85,000	$48	52
1 Potomac St	0.50mi	3/1.5	1,682 (-12%)	6mo	$87,500	$52	52
124 Maryland Ave	0.59mi	3/1.0	1,656 (-13%)	1mo	$20,000	$12	48
3221 Sackertown Rd	0.60mi	3/2.0	1,746 (-8%)	17mo	$165,500	$95	42
3 Standard Ave	0.61mi	4/1.0 (+1)	1,680 (-12%)	11mo	$68,000	$40	35
122 Maryland Ave	0.59mi	3/1.0	1,636 (-14%)	18mo	$21,450	$13	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.8%
• Equity multiple: 3.14×
• Total profit: $47,824
• Equity at exit: $72,069

10-year hold

• IRR: 23.6%
• Equity multiple: 7.17×
• Total profit: $138,263
• Equity at exit: $155,420

Cash invested: $22,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21817

• Home prices YoY: 7.3%
• Active inventory: 93
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,313 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$96 /mo · $1,149/yr
• Insurance: −$33
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $62

Break-even live

Break-even rent $1,234

Max offer price $79,999

Occupancy floor 90%

Sensitivity live

Price	-10% $108	-5% $85	+0% $62	+5% $40	+10% $17
Rent	-10% $-41	-5% $11	+0% $62	+5% $114	+10% $166
Rate	-1.0pp $103	-0.5pp $83	base $62	+0.5pp $42	+1.0pp $21

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-15
   statusdays on market $79,999 Pending 37 DOM
2. 2026-06-14
   days on market $79,999 Active 36 DOM
3. 2026-06-13
   days on market $79,999 Active 35 DOM
4. 2026-06-10
   days on market $79,999 Active 33 DOM
5. 2026-06-09
   days on market $79,999 Active 32 DOM
6. 2026-06-08
   days on market $79,999 Active 31 DOM
7. 2026-06-07
   days on market $79,999 Active 30 DOM
8. 2026-06-02
   days on market $79,999 Active 25 DOM
9. 2026-06-01
   days on market $79,999 Active 24 DOM
10. 2026-05-31
    days on market $79,999 Active 23 DOM
11. 2026-05-30
    days on market $79,999 Active 22 DOM
12. 2026-05-08
    listed $79,999 Active 802-char remark
13. 2013-03-05
    historical 406-char remark

    Show marketing remark (406 chars)

    Public Auction Sale: Tues. , Jan. , 15th @ 11:00AM to be held on the premises. $1,500 Deposit in form of cash or certified check only to be eligible to bid. 3 bedrooms (1 on main level) and 2 full bathrooms in need of renovations. Features Include:Wood floors throughout first level, Over-sized eat-in kitchen, Enclosed sunroom, Paved driveway. List price to be opening bid. No pre-auction offers accepted.

14. 2013-03-05
    historical

    Show marketing remark (406 chars)

    Public Auction Sale: Tues. , Jan. , 15th @ 11:00AM to be held on the premises. $1,500 Deposit in form of cash or certified check only to be eligible to bid. 3 bedrooms (1 on main level) and 2 full bathrooms in need of renovations. Features Include:Wood floors throughout first level, Over-sized eat-in kitchen, Enclosed sunroom, Paved driveway. List price to be opening bid. No pre-auction offers accepted.

15. 2013-02-27
    soldstatus $42,000 Sold 406-char remark

    Show marketing remark (406 chars)

    Public Auction Sale: Tues. , Jan. , 15th @ 11:00AM to be held on the premises. $1,500 Deposit in form of cash or certified check only to be eligible to bid. 3 bedrooms (1 on main level) and 2 full bathrooms in need of renovations. Features Include:Wood floors throughout first level, Over-sized eat-in kitchen, Enclosed sunroom, Paved driveway. List price to be opening bid. No pre-auction offers accepted.

16. 2013-02-27
    soldstatus $42,000

    Show marketing remark (406 chars)

    Public Auction Sale: Tues. , Jan. , 15th @ 11:00AM to be held on the premises. $1,500 Deposit in form of cash or certified check only to be eligible to bid. 3 bedrooms (1 on main level) and 2 full bathrooms in need of renovations. Features Include:Wood floors throughout first level, Over-sized eat-in kitchen, Enclosed sunroom, Paved driveway. List price to be opening bid. No pre-auction offers accepted.

17. 2013-01-16
    status Contract 406-char remark

    Show marketing remark (406 chars)

    Public Auction Sale: Tues. , Jan. , 15th @ 11:00AM to be held on the premises. $1,500 Deposit in form of cash or certified check only to be eligible to bid. 3 bedrooms (1 on main level) and 2 full bathrooms in need of renovations. Features Include:Wood floors throughout first level, Over-sized eat-in kitchen, Enclosed sunroom, Paved driveway. List price to be opening bid. No pre-auction offers accepted.

18. 2012-12-13
    listed $20,000 Active 406-char remark

    Show marketing remark (406 chars)

    Public Auction Sale: Tues. , Jan. , 15th @ 11:00AM to be held on the premises. $1,500 Deposit in form of cash or certified check only to be eligible to bid. 3 bedrooms (1 on main level) and 2 full bathrooms in need of renovations. Features Include:Wood floors throughout first level, Over-sized eat-in kitchen, Enclosed sunroom, Paved driveway. List price to be opening bid. No pre-auction offers accepted.

19. 2012-12-13
    listed $20,000

    Show marketing remark (406 chars)

    Public Auction Sale: Tues. , Jan. , 15th @ 11:00AM to be held on the premises. $1,500 Deposit in form of cash or certified check only to be eligible to bid. 3 bedrooms (1 on main level) and 2 full bathrooms in need of renovations. Features Include:Wood floors throughout first level, Over-sized eat-in kitchen, Enclosed sunroom, Paved driveway. List price to be opening bid. No pre-auction offers accepted.

20. 2007-05-31
    soldstatus $135,000
21. 2007-05-31
    soldstatus $135,000
22. 2007-02-20
    historical
23. 2007-01-17
    listed $159,900
24. 2004-06-29
    soldstatus $117,000
25. 2004-06-29
    soldstatus $117,000
26. 2004-05-06
    listed $117,000
27. 2003-08-28
    soldstatus $95,000
28. 2003-08-27
    soldstatus $95,000
29. 2002-08-20
    listed $110,000
30. 2001-03-01
    soldstatus $52,500
31. 2001-02-28
    soldstatus $52,500
32. 2000-12-29
    historical
33. 2000-09-26
    listed $62,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $1,149 · $96/mo
• Projected year-2 tax: $1,149 · $96/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥101°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,760
• − Mortgage interest: −$4,481
• − Property taxes: −$1,149
• − Insurance: −$5,518
• − Repairs & maintenance: −$1,261
• − Management: −$1,261
• − Depreciation: −$2,327
• Taxable loss: −$237
• Est. tax savings @ 24.0%: +$57
• After-tax cash flow: $806/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Somerset County Public Schools
• NCES district ID: 2400570
• Math proficiency: 12% ▼ -7.00%
• Reading proficiency: 23% ▼ -14.00%
• Median HH income: $38,810
• Composite: 14.73/100
• National rank: #9396
• State rank: #22 of 24 in MD

Livability — Crisfield

• Score: 68/100
• State rank: #199
• US rank: #9181

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment F Housing B+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Crisfield, MD
• Population (ZIP): 4,102

Population outlook (Somerset County) Hauer SSP2

• Today (2025): 24,474 people
• By 2030: 23,547 · -3.8%
• By 2040: 21,498 · -12.2%
• By 2050: 20,427 · -16.5%
• By 2075: 16,594 · -32.2%
• By 2100: 12,132 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 20% Two or more races 4% Hispanic / Latino 3% Asian 1%
• Common ancestry: Italian 2% Serbian 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Somerset

• 2024 margin: R (+17.4) · D 40.2% · R 57.5% · Other 2.3%
• 2008→2024 swing: -14.8pp toward R · 2008: -2.6pp · 2024: -17.4pp
• All cycles: 2024: R+17.4 2020: R+14.8 2016: R+17.9 2012: R+2.5 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 19.92%
• Current HPI: 292.866
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+28.0% since first listed

23 events — show timeline

• 2026-06-14 Pending — BRIGHT MLS
• 2026-05-08 Listed $79,999 BRIGHT MLS
• 2013-03-05 Delisted — MRIS
• 2013-03-05 Listing Removed — BRIGHT MLS
• 2013-02-27 Sold (MLS) $42,000 BRIGHT MLS
• 2013-02-27 Sold (MLS) $42,000 MRIS
• 2013-01-16 Pending — MRIS
• 2012-12-13 Listed $20,000 MRIS
• 2012-12-13 Listed $20,000 BRIGHT MLS
• 2007-05-31 Sold (Public Records) $135,000 Public Records
• 2007-05-31 Sold (MLS) $135,000 BRIGHT MLS
• 2007-02-20 Listing Removed — BRIGHT MLS
• 2007-01-17 Listed $159,900 BRIGHT MLS
• 2004-06-29 Sold (Public Records) $117,000 Public Records
• 2004-06-29 Sold (MLS) $117,000 BRIGHT MLS
• 2004-05-06 Listed $117,000 BRIGHT MLS
• 2003-08-28 Sold (Public Records) $95,000 Public Records
• 2003-08-27 Sold (MLS) $95,000 BRIGHT MLS
• 2002-08-20 Listed $110,000 BRIGHT MLS
• 2001-03-01 Sold (Public Records) $52,500 Public Records
• 2001-02-28 Sold (MLS) $52,500 BRIGHT MLS
• 2000-12-29 Listing Removed — BRIGHT MLS
• 2000-09-26 Listed $62,500 BRIGHT MLS

Property tax history

-3.6%/yr

Latest (2025): $1,149 · +10.5% YoY. Source: county tax records.