302 Taylor St · Sharptown, MD 21861

$139,000

2 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 166 Days on market

Built 1900 0.31 ac lot $126/sqft · 43% below area Est $242k · 43% under

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Why this score? — see what drove the C 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 +15.3/30.0
• ARV discount +15.0/15.0
• Appreciation +9.2/10.0
• DSCR +4.7/10.0
• Livability +3.1/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0

Listing remarks MLS

Motivated seller. Bring all reasonable offers. Endless Potential in the Heart of Sharptown! Discover the opportunity you’ve been waiting for with this 2-bedroom, 1-bathroom home offering 1,104 sq. ft. of living space and a solid foundation for your next renovation or investment project. Whether you're an investor seeking your next profitable venture or a DIY enthusiast ready to bring a vision to life, this property delivers the perfect starting point. Built in 1900 with a rear addition added in the 1950s, the home blends historic character with a layout that’s ready for modern updates. The spacious interior provides flexibility for reimagining the living areas, and the bathroom offers ample room for functional upgrades. Recent improvements include replacement windows, central heat and AC, and a 30-year roof installed approximately 15 years ago, giving you a strong head start on major systems. The property has been winterized by Seaside Plumbing, and while the electric is currently off, the home has been well cared for and has remained vacant only since last year. Located in the charming town of Sharptown, this home places you within walking distance of Cope Bennett Park and Cherry Beach, and just moments from the beloved Sharptown Carnival—a true local treasure. Enjoy small-town living with outdoor recreation and community events right at your doorstep. With its solid structure, prime location, and endless possibilities, this property is ready for your creativity and personal touch. Schedule your showing today and imagine the transformation!

Key facts

• Solid foundation
• Central heat and ac
• Historic character

Tags

• SOLID FOUNDATION
• HISTORIC CHARACTER
• REPLACEMENT WINDOWS
• CENTRAL HEAT AND AC
• 30-YEAR ROOF

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $50 ($599/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $112k (19.6% below list).
• Recommended offer: $112k (19.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#336 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Wicomico County Public Schools (urban): math 16% / reading 26% proficiency, ranked #19 of 24 in MD (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 9 active listings in the ZIP; 278 units permitted in Wicomico County in 2024 (44 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($961 loan paydown + $12k appreciation (8.4% local appreciation)).
• Wicomico County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (8.4% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 166 days — a 12% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 31y ago; this cycle's ask has dropped $36k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $91k; list at $139k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 78% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,778 (19.6% below list)

Questions for the listing agent

1. It's been on market 166 days. Have you received any prior offers? Is the seller open to a 20% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 0.80% ✗
• Cap rate: 6.72%
• Cash-on-cash: 1.54%
• DSCR: 1.07
• GRM: 10.4

CMA / ARV

• ARV (median comp): $242,123
• List price: $139,000
• Delta: -42.59%
• Verdict: UNDERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
201 Church St	0.08mi	3/1.0 (+1)	1,217 (+10%)	5mo	$179,000	$147	70
605 4th St	0.36mi	2/1.0	1,168 (+6%)	5mo	$130,000	$111	70
403 Water St	0.16mi	3/2.0 (+1)	1,200 (+9%)	8mo	$257,500	$215	63
121 State St	0.26mi	3/2.0 (+1)	1,116 (+1%)	18mo	$270,000	$242	62
113 State St	0.29mi	3/2.0 (+1)	1,215 (+10%)	3mo	$275,000	$226	58
202 Joe Morgan Rd	0.52mi	3/1.5 (+1)	1,092 (-1%)	11mo	$241,000	$221	58

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

Projected returns pro-forma

8.39% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.0%
• Equity multiple: 2.64×
• Total profit: $63,824
• Equity at exit: $109,268

10-year hold

• IRR: 20.0%
• Equity multiple: 5.70×
• Total profit: $182,909
• Equity at exit: $220,489

Cash invested: $38,920 (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 21861

• Home prices YoY: 2.9%
• Active inventory: 9
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,118 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$46 /mo · $555/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $50

Break-even live

Break-even rent $1,055

Max offer price $139,000

Occupancy floor 91%

Sensitivity live

Price	-10% $129	-5% $89	+0% $50	+5% $11	+10% $-29
Rent	-10% $-38	-5% $6	+0% $50	+5% $94	+10% $138
Rate	-1.0pp $120	-0.5pp $85	base $50	+0.5pp $14	+1.0pp $-23

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Listing history 36 events

1. 2026-06-21
   days on market $139,000 Active 166 DOM
2. 2026-06-18
   days on market $139,000 Active 163 DOM
3. 2026-06-17
   days on market $139,000 Active 162 DOM
4. 2026-06-16
   days on market $139,000 Active 161 DOM
5. 2026-06-15
   days on market $139,000 Active 160 DOM
6. 2026-06-14
   days on market $139,000 Active 158 DOM
7. 2026-06-13
   days on market $139,000 Active 157 DOM
8. 2026-06-10
   days on market $139,000 Active 155 DOM
9. 2026-06-09
   days on market $139,000 Active 154 DOM
10. 2026-06-08
    days on market $139,000 Active 153 DOM
11. 2026-06-07
    days on market $139,000 Active 152 DOM
12. 2026-06-03
    days on market $139,000 Active 148 DOM
13. 2026-06-02
    days on market $139,000 Active 147 DOM
14. 2026-06-01
    days on market $139,000 Active 146 DOM
15. 2026-05-31
    days on market $139,000 Active 145 DOM
16. 2026-05-30
    days on market $139,000 Active 144 DOM
17. 2026-05-17
    price $139,000 1585-char remark

    Show marketing remark (1585 chars)

    Motivated seller. Bring all reasonable offers. Endless Potential in the Heart of Sharptown! Discover the opportunity you’ve been waiting for with this 2-bedroom, 1-bathroom home offering 1,104 sq. ft. of living space and a solid foundation for your next renovation or investment project. Whether you're an investor seeking your next profitable venture or a DIY enthusiast ready to bring a vision to life, this property delivers the perfect starting point. Built in 1900 with a rear addition added in the 1950s, the home blends historic character with a layout that’s ready for modern updates. The spacious interior provides flexibility for reimagining the living areas, and the bathroom offers ample room for functional upgrades. Recent improvements include replacement windows, central heat and AC, and a 30-year roof installed approximately 15 years ago, giving you a strong head start on major systems. The property has been winterized by Seaside Plumbing, and while the electric is currently off, the home has been well cared for and has remained vacant only since last year. Located in the charming town of Sharptown, this home places you within walking distance of Cope Bennett Park and Cherry Beach, and just moments from the beloved Sharptown Carnival—a true local treasure. Enjoy small-town living with outdoor recreation and community events right at your doorstep. With its solid structure, prime location, and endless possibilities, this property is ready for your creativity and personal touch. Schedule your showing today and imagine the transformation!

18. 2026-02-19
    price $159,000 1585-char remark

    Show marketing remark (1585 chars)

    Motivated seller. Bring all reasonable offers. Endless Potential in the Heart of Sharptown! Discover the opportunity you’ve been waiting for with this 2-bedroom, 1-bathroom home offering 1,104 sq. ft. of living space and a solid foundation for your next renovation or investment project. Whether you're an investor seeking your next profitable venture or a DIY enthusiast ready to bring a vision to life, this property delivers the perfect starting point. Built in 1900 with a rear addition added in the 1950s, the home blends historic character with a layout that’s ready for modern updates. The spacious interior provides flexibility for reimagining the living areas, and the bathroom offers ample room for functional upgrades. Recent improvements include replacement windows, central heat and AC, and a 30-year roof installed approximately 15 years ago, giving you a strong head start on major systems. The property has been winterized by Seaside Plumbing, and while the electric is currently off, the home has been well cared for and has remained vacant only since last year. Located in the charming town of Sharptown, this home places you within walking distance of Cope Bennett Park and Cherry Beach, and just moments from the beloved Sharptown Carnival—a true local treasure. Enjoy small-town living with outdoor recreation and community events right at your doorstep. With its solid structure, prime location, and endless possibilities, this property is ready for your creativity and personal touch. Schedule your showing today and imagine the transformation!

19. 2026-01-06
    listed $175,000 Active 1585-char remark

    Show marketing remark (1585 chars)

    Motivated seller. Bring all reasonable offers. Endless Potential in the Heart of Sharptown! Discover the opportunity you’ve been waiting for with this 2-bedroom, 1-bathroom home offering 1,104 sq. ft. of living space and a solid foundation for your next renovation or investment project. Whether you're an investor seeking your next profitable venture or a DIY enthusiast ready to bring a vision to life, this property delivers the perfect starting point. Built in 1900 with a rear addition added in the 1950s, the home blends historic character with a layout that’s ready for modern updates. The spacious interior provides flexibility for reimagining the living areas, and the bathroom offers ample room for functional upgrades. Recent improvements include replacement windows, central heat and AC, and a 30-year roof installed approximately 15 years ago, giving you a strong head start on major systems. The property has been winterized by Seaside Plumbing, and while the electric is currently off, the home has been well cared for and has remained vacant only since last year. Located in the charming town of Sharptown, this home places you within walking distance of Cope Bennett Park and Cherry Beach, and just moments from the beloved Sharptown Carnival—a true local treasure. Enjoy small-town living with outdoor recreation and community events right at your doorstep. With its solid structure, prime location, and endless possibilities, this property is ready for your creativity and personal touch. Schedule your showing today and imagine the transformation!

20. 2025-05-21
    historical
21. 2025-04-01
    listed $129,000 Active
22. 2023-01-31
    historical
23. 2022-09-26
    price $145,000
24. 2022-08-31
    status Active
25. 2022-07-26
    historical
26. 2007-03-12
    soldstatus $91,000
27. 2007-03-12
    soldstatus $91,000
28. 2007-03-12
    soldstatus $91,000
29. 2006-11-21
    listed $89,900
30. 2006-09-11
    historical
31. 2006-05-03
    listed $97,900
32. 2005-09-29
    historical
33. 2005-07-11
    listed $124,900
34. 1995-12-22
    soldstatus $23,000
35. 1995-12-15
    soldstatus $23,000
36. 1995-09-09
    listed $25,000

ⓘ 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: $555 · $46/mo
• Projected year-2 tax: $1,035 · $86/mo
• Expected delta: +$480/yr (+$40/mo · 86.4%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,413
• − Mortgage interest: −$7,786
• − Property taxes: −$555
• − Insurance: −$695
• − Repairs & maintenance: −$1,073
• − Management: −$1,073
• − Depreciation: −$4,044
• Taxable loss: −$1,813
• Est. tax savings @ 24.0%: +$435
• After-tax cash flow: $1,034/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: Wicomico County Public Schools
• NCES district ID: 2400690
• Math proficiency: 16% ▼ -18.00%
• Reading proficiency: 26% ▼ -13.00%
• Median HH income: $51,745
• Composite: 18.87/100
• National rank: #8860
• State rank: #19 of 24 in MD

Livability — Sharptown

• Score: 61/100
• State rank: #336
• US rank: #17897

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sharptown, MD
• Population (ZIP): 806

Population outlook (Wicomico County) Hauer SSP2

• Today (2025): 108,548 people
• By 2030: 111,783 · +3.0%
• By 2040: 118,139 · +8.8%
• By 2050: 123,641 · +13.9%
• By 2075: 139,784 · +28.8%
• By 2100: 145,334 · +33.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Black 6% Two or more races 3% Hispanic / Latino 1% Asian 1%
• Common ancestry: Romanian 4% Italian 1% Slovak 1%
• Foreign-born: 2% · China, Canada
• Languages at home: 97% English-only · French/Haitian/Cajun 2% Chinese 1% Spanish 1%

Political lean MEDSL · Wicomico

• 2024 margin: Lean R (+5.5) · D 46.1% · R 51.5% · Other 2.4%
• 2008→2024 swing: +0.3pp no change · 2008: -5.8pp · 2024: -5.5pp
• All cycles: 2024: R+5.5 2020: R+1.9 2016: R+11.6 2012: R+6.9 2008: R+5.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.39%
• Current HPI: 297.9002
• 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

+456.0% since first listed

20 events — show timeline

• 2026-05-17 Price Changed $139,000 BRIGHT MLS
• 2026-02-19 Price Changed $159,000 BRIGHT MLS
• 2026-01-06 Listed $175,000 BRIGHT MLS
• 2025-05-21 Listing Removed — BRIGHT MLS
• 2025-04-01 Listed $129,000 BRIGHT MLS
• 2023-01-31 Listing Removed — BRIGHT MLS
• 2022-09-26 Price Changed $145,000 BRIGHT MLS
• 2022-08-31 Relisted — BRIGHT MLS
• 2022-07-26 Listing Removed — BRIGHT MLS
• 2007-03-12 Sold (Public Records) $91,000 Public Records
• 2007-03-12 Sold (Public Records) $91,000 Public Records
• 2007-03-12 Sold (MLS) $91,000 BRIGHT MLS
• 2006-11-21 Listed $89,900 BRIGHT MLS
• 2006-09-11 Listing Removed — BRIGHT MLS
• 2006-05-03 Listed $97,900 BRIGHT MLS
• 2005-09-29 Listing Removed — BRIGHT MLS
• 2005-07-11 Listed $124,900 BRIGHT MLS
• 1995-12-22 Sold (Public Records) $23,000 Public Records
• 1995-12-15 Sold (MLS) $23,000 BRIGHT MLS
• 1995-09-09 Listed $25,000 BRIGHT MLS

Property tax history

-2.0%/yr

Latest (2025): $555 · +1.3% YoY. Source: county tax records.