Seller's Agent in 2021
Roberto Gonzalez
RG Realty, Inc.
(301) 991-0207
91 in this area
197 Total Sales
101 E North Ave Hagerstown, MD 21740
Central NeighborhoodEstimated Value: $435,011
--
Bed
2
Baths
5,673
Sq Ft
$77/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- Electric Baseboard Heater
- North Hagerstown High School Rated A-
About This Home
As of February 2021Solid investment with this all brick Mix-use apartment building, 4 units, fully occupied with steady income. The building is currently in great condition. This investment property complies with the standard requirements with the city of Hagerstown's office of code compliance and lead paint laws enforced by the Maryland Department of the Environment (MDE) all lead inspections and certificates are up to date. This solid two story building, is located in the North End of Hagerstown Historic District, at the corner of Locust and North East Ave, in a quiet suburban neighborhood, and features 3 good sized apartments, two 2 bedrooms one bath unit and One 1 bedrooms 1 bath, approximately 925 ft. each, the units are spacious and well designed, with most having been updated in the past 3 years.In addition, a retail commercial space currently used as a neighborhood grocery servicing the area and established for over 10 years. All units are separately metered for electric, current rents are low for the location size and condition of the units, there is also an opportunity to raise the rents without any type of improvements. In addition, the property offers 4+ off street parking spaces located to the rear of the improvements with vehicular access via Locust St.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,469
Year Built
- Built in 1940
Lot Details
- 4,428 Sq Ft Lot
Home Design
- 5,673 Sq Ft Home
- Colonial Architecture
- Brick Exterior Construction
Parking
- On-Street Parking
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Electric Baseboard Heater
- Electric Water Heater
Listing and Financial Details
- The owner pays for insurance, management, repairs, sewer, snow removal, real estate taxes, water
- Assessor Parcel Number 2222006681
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Income includes apartment rentals
- Gross Income $48,518
- Net Operating Income $36,590
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 14, 2024
Sold by
Kls Property Investments Llc
Bought by
Kmrs Investment Group Llc
Total Days on Market
72
Current Estimated Value
Purchase Details
Listed on
Dec 9, 2020
Closed on
Feb 26, 2021
Sold by
Kls Property Investments Llc
Bought by
Ribaudo Joseph C and Ribaudo Joseph N
Seller's Agent
Roberto Gonzalez
RG Realty, Inc.
Buyer's Agent
Roberto Gonzalez
RG Realty, Inc.
List Price
$349,900
Sold Price
$349,000
Premium/Discount to List
-$900
-0.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%
Original Mortgage
$299,000
Interest Rate
2.7%
Mortgage Type
Land Contract Argmt. Of Sale
Purchase Details
Closed on
May 17, 2019
Sold by
Sharma Kusan
Bought by
Kls Property Investments Llc
Purchase Details
Listed on
May 1, 2017
Closed on
May 26, 2017
Sold by
Mbeh Stephens Anne and Mbeh Stephens Ellis A
Bought by
Sharma Kusam
Seller's Agent
Roberto Gonzalez
RG Realty, Inc.
Buyer's Agent
Roberto Gonzalez
RG Realty, Inc.
List Price
$235,000
Sold Price
$222,500
Premium/Discount to List
-$12,500
-5.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%
Purchase Details
Closed on
Mar 29, 2011
Sold by
Bank Us
Bought by
Stephens Ann Mbeh and Stephens Ellis A
Purchase Details
Closed on
Mar 9, 2011
Sold by
Bank Us
Bought by
Stephens Ann Mbeh and Stephens Ellis A
Purchase Details
Closed on
Jun 22, 2010
Sold by
Macfadyen Kenneth J and Loftus James J
Bought by
U S Bank National Association
Purchase Details
Closed on
Jun 30, 2005
Sold by
Lincoln Software Inc
Bought by
Hemphill Ricki L
Purchase Details
Closed on
Jan 22, 1997
Sold by
Thrine Enterprises
Bought by
Lincoln Software Inc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kmrs Investment Group Llc | $420,000 | Premier Settlements Title | |
| Ribaudo Joseph C | $349,000 | None Available | |
| Kls Property Investments Llc | -- | Premier Settlements & Ttl Sv | |
| Sharma Kusam | $222,500 | None Available | |
| Stephens Ann Mbeh | $45,000 | -- | |
| Stephens Ann Mbeh | $45,000 | -- | |
| U S Bank National Association | $112,500 | None Available | |
| Hemphill Ricki L | -- | -- | |
| Lincoln Software Inc | $117,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ribaudo Joseph C | $299,000 | |
| Previous Owner | Kls Property Investments Llc | $200,000 | |
| Previous Owner | Hemphill Ricki L | $70,000 | |
| Previous Owner | Hemphill Ricki L | $195,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2021 02/26/21 | Sold | $349,000 | -0.3% | $62 / Sq Ft |
| 02/19/2021 02/19/21 | Pending | -- | -- | -- |
| 12/09/2020 12/09/20 | For Sale | $349,900 | +57.3% | $62 / Sq Ft |
| 05/26/2017 05/26/17 | Sold | $222,500 | -5.3% | $39 / Sq Ft |
| 05/01/2017 05/01/17 | For Sale | $235,000 | -- | $41 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,746 | $191,700 | $40,000 | $151,700 |
| 2023 | $1,754 | $191,700 | $40,000 | $151,700 |
| 2022 | $2,075 | $227,800 | $40,000 | $187,800 |
| 2021 | $2,120 | $211,567 | $0 | $0 |
| 2020 | $1,675 | $195,333 | $0 | $0 |
| 2019 | $1,667 | $179,100 | $40,000 | $139,100 |
| 2018 | $2,171 | $179,100 | $40,000 | $139,100 |
| 2017 | $1,708 | $179,100 | $0 | $0 |
| 2016 | -- | $182,700 | $0 | $0 |
| 2015 | -- | $171,533 | $0 | $0 |
| 2014 | $4,929 | $160,367 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Roberto Gonzalez
Map
Source: Bright MLS
MLS Number: MDWA176736
APN: 22-006681
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