NOT LISTED FOR SALE

110 W Railroad Ave Ridgely, MD 21660

Estimated Value: $231,176 - $310,000

-- Bed
3 Baths
2,533 Sq Ft
$111/Sq Ft Est. Value

Last Sold February 27, 2018

Last sale price $92,500 $37 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $1,732/month

163 Days on Market

About This Home

As of February 2018

Great rental unit or live in one, rent the other. Unit A 2Bed 2Bath Unit B 2Bed 1 Bath, NEW ROOF! Tenant pays electric, water/sewer/trash pick-up,oil,and lawn care.

Last Agent to Sell the Property

Michael Shipley

Benson & Mangold, LLC. License #638142 Listed on: 08/08/2017

Benson & Mangold, LLC.

Last Buyer's Agent

Phil Riordan

Meredith Fine Properties License #524789

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1885

Lot Details

  • 0.37

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Vinyl Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Additional Features

  • Stove
  • 0.37 Acre Lot
  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 0607007299

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $3,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1885
  • Remarks Public: Great rental unit or live in one, rent the other. Unit A 2Bed 2Bath Unit B 2Bed 1 Bath, NEW ROOF! Tenant pays electric, water/sewer/trash pick-up,oil,and lawn care.
  • Special Features: None

Interior Features

  • Appliances: Stove, Refrigerator
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Unfinished
  • Price Per Sq Ft: 58.57
  • Street Number Modifier: 110

Exterior Features

  • 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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • 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: CAROLINE COUNTY PUBLIC SCHOOLS
  • School District Key: 121139029245

Lot Info

  • Improvement Assessed Value: 113300.00
  • Land Assessed Value: 40600.00
  • Lot Size Acres: 0.37
  • Lot Size Area: 16000
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16000.00
  • Property Attached Yn: Yes
  • Year Assessed: 2017
  • Zoning: R1
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4496265
  • Tax Annual Amount: 2394.90
  • Assessor Parcel Number: 0607007299
  • Tax Total Finished Sq Ft: 2544
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 02/27/2018

Multi Family

  • Gross Income: 15900.00
  • Operating Expense: 3000.00

MLS Schools

  • School District Name: CAROLINE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2020
Sold by
James Robert A and James Dawn M
Bought by
110 W Railroad Ave Llc
Current Estimated Value
$282,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Outstanding Balance
$164,999
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$117,045

Purchase Details

Listed on
Aug 8, 2017
Closed on
Feb 26, 2018
Sold by
Berkey Karl G and Berkey Malinda D
Bought by
James Robert A and James Dawn M
Seller's Agent
Michael Shipley
Benson & Mangold, LLC.
Buyer's Agent
Phil Riordan
Meredith Fine Properties
List Price
$149,000
Sold Price
$92,500
Premium/Discount to List
-$56,500
-37.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.14%
Original Mortgage
$74,000
Interest Rate
4.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 1987
Sold by
Butler Jerome P and Butler Gail C
Bought by
Berkey Karl G and Berkey Malinda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
10.35%

Purchase Details

Closed on
Jun 21, 1985
Sold by
Mcallen Malcolm Webster
Bought by
Butler Jerome P and Butler Gail C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,200
Interest Rate
12.05%

Purchase Details

Closed on
Sep 30, 1983
Sold by
Ross Robert A and Ross Linda M
Bought by
Mcallen Malcolm Webster

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,500
Interest Rate
13.65%
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
110 W Railroad Ave Llc -- Real Estate Title & Escrow
James Robert A $92,500 None Available
Berkey Karl G $57,500 --
Butler Jerome P $52,000 --
Mcallen Malcolm Webster $35,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 110 W Railroad Ave Llc $185,000
Previous Owner James Robert A $74,000
Previous Owner Berkey Karl G $78,311
Previous Owner Berkey Karl G $50,000
Previous Owner Butler Jerome P $44,200
Previous Owner Mcallen Malcolm Webster $22,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2018 02/27/18 Sold $92,500 0.0% $37 / Sq Ft
01/18/2018 01/18/18 Pending -- -- --
01/16/2018 01/16/18 Off Market $92,500 -- --
08/08/2017 08/08/17 For Sale $149,000 -- $59 / 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 $2,245 $161,033 $0 $0
2024 $2,245 $148,900 $47,600 $101,300
2023 $2,123 $138,767 $0 $0
2022 $1,999 $128,633 $0 $0
2021 $0 $118,500 $40,400 $78,100
2020 $1,886 $118,500 $40,400 $78,100
2019 $1,909 $118,500 $40,400 $78,100
2018 $2,454 $153,900 $40,600 $113,300
2017 $2,395 $151,233 $0 $0
2016 -- $148,567 $0 $0
2015 $2,490 $145,900 $0 $0
2014 $2,490 $145,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Shipley

    Seller's Agent in 2018

    Michael Shipley

    Benson & Mangold, LLC.

    (410) 924-4807

    46 Total Sales

    Section Image
  • Phil Riordan

    Buyer's Agent in 2018

    Phil Riordan

    Meredith Fine Properties

    (410) 310-2951

    11 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1000079859

Bright MLS

APN: 07-007299

Maryland Caroline County Ridgely 21660

110 W Railroad Ave, Ridgely, MD

This home is located at 110 W Railroad Ave, Ridgely, MD 21660 since 08 August 2017 and is currently estimated at $282,044, approximately $111 per square foot. This property was built in 1885. 110 W Railroad Ave is a home located in Caroline County with nearby schools including Ridgely Elementary School, Lockerman Middle School, and North Caroline High School.

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