NOT LISTED FOR SALE

1050 W Industrial Blvd Cumberland, MD 21502

Estimated Value: $6,182,978

-- Bed
-- Bath
20,000 Sq Ft
$309/Sq Ft Est. Value

About This Home

This home is located at 1050 W Industrial Blvd, Cumberland, MD 21502 and is currently priced at $6,182,978, approximately $309 per square foot. 1050 W Industrial Blvd is a home located in Allegany County with nearby schools including South Penn Elementary School, Washington Middle School, and Fort Hill High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2023
Sold by
Boiii Cumberland Llc
Bought by
Burhans Village Llc
Current Estimated Value
$6,182,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,750,000
Outstanding Balance
$7,498,311
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2010
Sold by
1050 Industrial Blvd Llc
Bought by
Boiii Cumberland Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.22%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 22, 2004
Sold by
Schaefer Thomas J
Bought by
1050 Industrial Blvd Llc

Purchase Details

Closed on
Jul 1, 1997
Sold by
Schaefer Thomas J
Bought by
Schaefer Thomas J
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Burhans Village Llc $7,400,000 --
Boiii Cumberland Llc $3,750,000 --
1050 Industrial Blvd Llc $1,290,000 --
Schaefer Thomas J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burhans Village Llc $7,750,000
Previous Owner Boiii Cumberland Llc $2,000,000
Source: Public Records

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 $62,466 $7,030,967 $0 $0
2024 $62,466 $6,668,033 $0 $0
2023 $58,656 $6,305,100 $774,200 $5,530,900
2022 $58,518 $6,305,100 $774,200 $5,530,900
2021 $58,964 $6,305,100 $774,200 $5,530,900
2020 $60,018 $6,463,300 $774,200 $5,689,100
2019 $53,348 $5,709,900 $0 $0
2018 $47,112 $4,956,500 $0 $0
2017 $39,694 $4,203,100 $0 $0
2016 $39,831 $4,156,333 $0 $0
2015 $34,081 $4,109,567 $0 $0
2014 $34,081 $3,527,600 $0 $0
Source: Public Records

Map

Maryland Allegany County Cumberland 21502

1050 W Industrial Blvd, Cumberland, MD

This home is located at 1050 W Industrial Blvd, Cumberland, MD 21502 and is currently priced at $6,182,978, approximately $309 per square foot. 1050 W Industrial Blvd is a home located in Allegany County with nearby schools including South Penn Elementary School, Washington Middle School, and Fort Hill High School.

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