NOT LISTED FOR SALE

1108 Simpson Ave Cumberland, MD 21502

Estimated Value: $153,751

-- Bed
2 Baths
2,570 Sq Ft
$60/Sq Ft Est. Value

Last Sold May 01, 2022

Last sale price $130,000 $51 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $940/month

Highlights

  • Traditional Architecture
  • No HOA
  • Electric Baseboard Heater
  • Parkside Elementary School Rated 9+

About This Home

As of May 2022

Duplex With Good Rental History Located In LaVale. Fully Occupied $695 per Tenant. 2 Other Neighboring Properties Also Available.

Last Agent to Sell the Property

Stephen MacGray

(301) 707-8888 steve@charisrealty.com Charis Realty Group License #652984 Listed on: 11/01/2021

Charis Realty Group

Last Buyer's Agent

Pilar E. Goicoechea

(703) 618-6858 pilarsproperties@gmail.com Samson Properties License #5009218

Samson Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,278

Year Built

  • Built in 1925

Lot Details

  • 3,000 Sq Ft Lot
  • Property is in average condition

Parking

  • Off-Street Parking

Home Design

  • 2,570 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Block Foundation
  • Metal Roof
  • Stone Siding

Kitchen

  • Electric Oven or Range

Laundry

  • Dryer
  • Washer

Utilities

  • Electric Baseboard Heater
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for heat, trash collection
  • Assessor Parcel Number 0129030022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,278

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Remarks Public: Duplex With Good Rental History Located In LaVale. Fully Occupied $695 per Tenant. 2 Other Neighboring Properties Also Available.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Washer, Dryer
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Basement: Yes
  • Total Sq Ft: 2570
  • Living Area Sq Ft: 2570
  • Price Per Sq Ft: 54.09
  • Above Grade Finished Sq Ft: 2570
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1108

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone
  • Roof: Metal
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: ALLEGANY COUNTY PUBLIC SCHOOLS
  • School District Key: 121140562208
  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 84600.00
  • Land Assessed Value: 20000.00
  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3000.00
  • Property Condition: Average
  • Year Assessed: 2021
  • Zoning: COMMERCIAL
  • In City Limits: No

Rental Info

  • Owner Pays: Heat, Trash Collection
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14936895
  • Tax Annual Amount: 1278.00
  • Assessor Parcel Number: 0129030022
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 05/01/2022

Multi Family

  • Gross Income: 16680.00

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2021
Closed on
Apr 29, 2022
Sold by
Bloom & Fisher Enterprises Llc
Bought by
J & J Commercial Properties Llc
Seller's Agent
Stephen MacGray
Charis Realty Group
Buyer's Agent
Pilar E. Goicoechea
Samson Properties
List Price
$139,000
Sold Price
$130,000
Premium/Discount to List
-$9,000
-6.47%
Current Estimated Value
$153,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,751
Avg. Annual Appreciation
4.97%
Original Mortgage
$407,760
Outstanding Balance
$386,838
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
-$233,087
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
J & J Commercial Properties Llc $130,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J & J Commercial Properties Llc $407,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2022 05/01/22 Sold $130,000 -6.5% $51 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
11/01/2021 11/01/21 For Sale $139,000 -- $54 / 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 $1,505 $127,200 $0 $0
2024 $1,505 $124,200 $18,000 $106,200
2023 $1,279 $117,667 $0 $0
2022 $1,347 $111,133 $0 $0
2021 $1,267 $104,600 $20,000 $84,600
2020 $1,183 $96,833 $0 $0
2019 $1,079 $89,067 $0 $0
2018 $968 $81,300 $20,000 $61,300
2017 $964 $81,300 $0 $0
2016 $973 $81,300 $0 $0
2015 $1,072 $89,000 $0 $0
2014 $1,072 $89,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAL2001216

Bright MLS

APN: 29-030022