NOT LISTED FOR SALE

1 Summit Ct Indian Head, MD 20640

Estimated Value: $1,150,000

-- Bed
1 Bath
15,360 Sq Ft
$75/Sq Ft Est. Value

Last Sold January 17, 2019

Last sale price $1,500,000 $98 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $6,421/month

Highlights

  • No HOA
  • En-Suite Bathroom
  • ENERGY STAR Qualified Washer
  • Central Air
  • Heat Pump System

About This Home

As of January 2019

12 Town homes. 7+/- Acres total. 10 Fully Leased with long term tenants. Recent upgrades to the units such as stainless steel appliances, new carpets, upgraded lighting fixtures, alarm systems, and fenced in back yard for each unit.

Last Agent to Sell the Property

Joe Wustner

(301) 751-2170 joewustner@verizon.net RE/MAX One License #507038 Listed on: 06/28/2018

RE/MAX One

Last Buyer's Agent

Joe Wustner

(301) 751-2170 joewustner@verizon.net RE/MAX One License #507038 Listed on: 06/28/2018

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,220

Year Built

  • Built in 1987 | Remodeled in 2016

Lot Details

  • 1,956 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • En-Suite Bathroom
  • 15,360 Sq Ft Home
  • Window Treatments

Kitchen

  • Oven
  • Stove
  • Cooktop
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • ENERGY STAR Qualified Washer

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for real estate taxes
  • Tax Lot 2
  • Assessor Parcel Number 0907081855

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Sigel Brn P/O Glymont Su Subdivision

Building Details

  • Operating Expense $30,488

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,220

Year Built

Built in 1987 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1987
  • Year Renovated: 2016
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Energy Star Clothes Washer, Microwave, Oven - Single, Refrigerator, Stove, Washer
  • Interior Amenities: Primary Bath(s), Window Treatments
  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 15360
  • Living Area Sq Ft: 15360
  • Price Per Sq Ft: 103.84
  • Above Grade Finished Sq Ft: 15360
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 65700.00
  • Land Assessed Value: 62500.00
  • Lot Size Acres: 0.04
  • Lot Size Area: 1956
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1956.00
  • Zoning: GC
  • In City Limits: Yes

Rental Info

  • Owner Pays: Taxes - Real Estate
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15678045
  • Tax Annual Amount: 2220.48
  • Assessor Parcel Number: 0907081855
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

Multi Family

  • Gross Income: 216000.00
  • Operating Expense: 30488.22
  • Vacancy Allowance Rate: 80.00

MLS Schools

  • School District Name: CHARLES COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2018
Closed on
Jan 16, 2019
Sold by
Tysons Financial Llc
Bought by
Rxbsa Properties Llc
Seller's Agent
Joe Wustner
RE/MAX One
Buyer's Agent
Joe Wustner
RE/MAX One
List Price
$1,799,000
Sold Price
$1,500,000
Premium/Discount to List
-$299,000
-16.62%
Current Estimated Value
$1,150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$350,000
Original Mortgage
$1,100,000
Outstanding Balance
$967,124
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2009
Sold by
New Summit Enterprises Llc
Bought by
Tysons Financial Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rxbsa Properties Llc $1,500,000 None Available
Tysons Financial Llc $1,150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rxbsa Properties Llc $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2019 01/17/19 Sold $1,500,000 -6.0% $98 / Sq Ft
09/26/2018 09/26/18 Price Changed $1,595,000 -11.3% $104 / Sq Ft
06/28/2018 06/28/18 For Sale $1,799,000 -- $117 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,817 $143,700 $62,500 $81,200
2024 $2,260 $137,867 $0 $0
2023 $2,283 $132,033 $0 $0
2022 $2,013 $126,200 $62,500 $63,700
2021 $2,015 $126,200 $62,500 $63,700
2020 $2,015 $126,200 $62,500 $63,700
2019 $2,093 $130,900 $62,500 $68,400
2018 $1,724 $130,900 $62,500 $68,400
2017 $2,238 $130,900 $0 $0
2016 -- $138,600 $0 $0
2015 $2,188 $138,600 $0 $0
2014 $2,188 $138,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001953760

Bright MLS

APN: 07-081847