NOT LISTED FOR SALE

Estimated Value: $852,000

Studio
3 Baths
2,016 Sq Ft
$423/Sq Ft Est. Value

Last Sold December 07, 2018

Last sale price $425,000 $211 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $4,937/month

5 Days on Market

Highlights

  • No HOA
  • Wrap Around Porch
  • Forced Air Heating and Cooling System
  • West Annapolis Elementary School Rated A-

About This Home

As of December 2018

An opportunity to own a unique, commercially zoned, multi-fam home in trendy West Annapolis shopping district. Currently set-up for retail on main lvl. Renovate & use as apartments or possibly a live/work situation w/ retail or studio on main lvl & apartment above for artist or other small retailer. Private off-street parking in back w/ room for more if needed. Priced for immediate sale!!

Last Agent to Sell the Property

Gladwin D'Costa

(301) 497-9400 gladwin@mdreorealty.com Maryland REO Realty, LLC License #308149 Listed on: 10/18/2018

Last Buyer's Agent

Non Member Member

beta@mris.net Metropolitan Regional Information Systems, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,161

Year Built

  • Built in 1920

Lot Details

  • 7,500

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,016 Sq Ft Home
  • Insulated Windows
  • Insulated Doors
  • Electric Oven or Range

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Side Exterior Basement Entry
  • Sump Pump
  • Basement Windows

Parking

  • Gravel Driveway
  • On-Street Parking

Schools

  • West Annapolis Elementary School
  • Wiley H. Bates Middle School
  • Annapolis High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Public Septic

Additional Features

  • Wrap Around Porch
  • 7,500 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 2 Units
  • Annapolis Subdivision

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 020600005860100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,161

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Insulated
  • Wall Ceiling Types: Dry Wall
  • Basement: Yes
  • Basement Type: Outside Entrance, Side Entrance, Sump Pump, Full, Fully Finished, Walkout Level, Windows
  • Total Sq Ft: 2016
  • Living Area Sq Ft: 2016
  • Price Per Sq Ft: 188.00
  • Above Grade Finished Sq Ft: 2016
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Type Of Parking: Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: WEST ANNAPOLIS
  • High School: ANNAPOLIS
  • Middle Or Junior School: WILEY H. BATES

Lot Info

  • Improvement Assessed Value: 218600.00
  • Land Assessed Value: 397400.00
  • Lot Size Acres: 0.17
  • Lot Size Area: 7500
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Outdoor Living Structures: Wrap Around
  • Zoning: B1A
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15315557
  • Tax Annual Amount: 8161.46
  • Assessor Parcel Number: 020600005860100
  • Tax Lot: 9
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Vacancy Allowance Rate: 100.00

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2018
Closed on
Dec 5, 2018
Sold by
Bank Of New York Mellon Trust Co Na
Bought by
Mre Fund I Llc
Seller's Agent
Gladwin D'Costa
Maryland REO Realty, LLC
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$379,000
Sold Price
$425,000
Premium/Discount to List
$46,000
12.14%
Current Estimated Value
$852,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,000
Original Mortgage
$425,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2015
Sold by
Templeton Richard K and Templeton Pil Ju C
Bought by
The Bank Of New York Mellon Trust Compan and The Bank Of New York Trust Company Na

Purchase Details

Closed on
Jun 29, 2005
Sold by
Templeton Richard K
Bought by
Templeton Richard K and Templeton Pil Ju C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
7.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2004
Sold by
Templeton Richard K
Bought by
Templeton Richard K and Templeton Pil Ju
Source: Public Records
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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
Mre Fund I Llc $425,000 Lakeside Title Company
Mre Fund I Llc $425,000 Lakeside Title Co
The Bank Of New York Mellon Trust Compan $573,000 None Available
Templeton Richard K $300,000 --
Templeton Richard K $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mre Fund I Llc $425,000
Previous Owner Templeton Richard K $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2018 12/07/18 Sold $425,000 +12.1% $211 / Sq Ft
10/23/2018 10/23/18 Pending -- -- --
10/18/2018 10/18/18 For Sale $379,000 -- $188 / Sq Ft
Source: Bright MLS

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 $6,156 $428,700 $428,700 $0
2023 $6,156 $428,700 $428,700 $0
2022 $6,040 $428,700 $428,700 $0
2021 $8,686 $627,533 $0 $0
2020 $8,686 $616,000 $397,400 $218,600
2019 $8,485 $601,367 $0 $0
2018 $8,161 $590,933 $0 $0
2017 $7,521 $576,300 $0 $0
2016 -- $572,100 $0 $0
2015 -- $567,933 $0 $0
2014 -- $563,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1009957232

Bright MLS

APN: 06-000-05860100

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