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5464 Cherry Hill Ln, Salisbury, MD, 21801

4beds
4baths
3,991sqft
$749,000
$188price/sqft
$5,016/moest. monthly cost
$200,640/yrincome needed

About This Home

Nestled in the gated riverfront community of Cherry Hill and minutes from Tidal Health, Salisbury University, and Downtown Salisbury, this stately 3991 SF, 4 bedroom, 3.5 bath residence offers an inviting floor plan with an emphasis on relaxed living and entertaining. Tranquil water views enhance the spacious home featuring hardwood flooring in all 1st floor rooms. an open staircase, hardwood 2nd floor hallway, relaxing primary suite w/ gas fireplace, tray ceiling, and hardwood floors, as well as 3 additional bedrooms and a bonus room with new neutral carpet. The hub of the home is the gourmet kitchen offering a 6-burner gas range, walk-in pantry, large work island, separate breakfast bar, casual dining area, and is open to the window-filled great room w/ gas fireplace and patio access. Other 1st floor gathering spots include the formal dining room and flex space w/ built-in bar and patio access. Enjoy viewing the creek, river and wildlife from the back yard and inviting patios. Take a stroll to the community waterfront area w/ picnic table, casual seating, and bulkhead for temporary boat tie up. Quarterly condo fee includes lawn care, in ground irrigation, septic, trash pick-up, entrance gate maintenance, road maintenance, and snow removal. UPDATES INCLUDE: 1ST AND 2ND FLOOR HEAT PUMPS (8/2024), GENERAC WHOLE HOUSE GENERATOR (2023).

Getting Around

1
WalkingCar-Dependent
12
TransitMinimal Transit
31
BikeSomewhat Bikeable

Schools

6/10
6/10
Bennett Middle SchoolGrades 6-91.8 mi
4/10

Construction

Condition

  • Year built: 2002

Materials

  • Foundation: Crawl Space
  • Roof: Architectural Shingle
  • Construction materials: Stick Built,Vinyl Siding,Brick

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Dryer,Exhaust Fan,Microwave,Double Oven,Oven,Refrigerator,Stainless Steel Appliance(s),Washer,Water Conditioner - Owned,Water Heater,Water Treat System,Gas Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Features

  • Bathroom - Stall Shower,Built-in Features,Combination Kitchen/Living,Chair Railings,Crown Molding,Family Room Off Kitchen,Open Floorplan,Formal/Separate Dining Room,Kitchen - Gourmet,Kitchen Island,Kitchen - Table Space,Pantry,Recessed Lighting,Upgraded Countertops,Walk-In Closet(s),Bar
  • Window features: Double Hung,Insulated Windows,Window Treatments
  • Flooring: Carpet,Wood
  • Number of fireplaces: 2
  • Fireplace features: Glass Doors,Gas/Propane,Mantel(s)
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 3,991

Heating & Cooling

  • Heating features: Central,Heat Pump,Electric
  • Cooling features: Central Air,Heat Pump,Electric

Interior Area

  • Total structure area: 3,991
  • Total interior livable area: 3,991 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 2316035432
  • Zoning: R22
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Brick,Patio
  • Exterior features: Rain Gutters,Underground Lawn Sprinkler
  • Has spa: Yes
  • Spa features: Bath
  • Has view: Yes
  • View description: Creek/Stream,River
  • Has water view: Yes
  • Water view: Creek/Stream,River
  • On waterfront: Yes
  • Waterfront features: Creek/Stream
  • Frontage length: Water Frontage Ft: 50

Lot

  • Lot size: 0.32 Acres
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Side,Garage Door Opener,Attached,Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Winter Weather
Cold Wave
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,787$45,444
Home Insurance *$161$1,932
Property Taxes $560$6,720
Electricity $508$6,101
Total$5,016$60,192
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$171,977/yr
40% on housing$150,480/yr
45% on housing$133,760/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$188This listing

vs Other Active Listings

Avg $/sqft

ZIP 21801$138
Wicomico County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 21801
Wicomico County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-06-27Listed for sale$849,000
2017-06-28Sold$550,000
2016-07-09Listing removed$649,000
2016-06-04Price change$649,000
2016-03-05Price change$699,000
2015-12-10Price change$739,000
2015-11-15Listed for sale$759,000
2002-05-16Sold$115,000
2001-08-14Sold$110,000

For Sale by Agent

AgentGinnie Malone
BrokerageColdwell Banker Realty

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