NOT LISTED FOR SALE

114 W Franklin St Hagerstown, MD 21740

Central Neighborhood

Estimated Value: $455,804

-- Bed
-- Bath
3,738 Sq Ft
$122/Sq Ft Est. Value

Last Sold December 13, 2016

Last sale price $260,000 $70 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,584/month

Highlights

  • No HOA
  • Window Unit Cooling System
  • Baseboard Heating
  • Ruth Ann Monroe Primary School Rated A-

About This Home

As of December 2016

Zoned CCMU This cash-flowing asset consists of five one bdrm residential units and one retail currently leased to a great tenant for $800 per month, wiring, plumbing, windows, roof redone in 1992, all original hardwood floors,off street parking in the rear, coin operated laundry, excellent condition, City and lead compliant nothing else to do

Last Agent to Sell the Property

Roberto Gonzalez

(301) 991-0207 roberto@rgrealtyinc.com RG Realty, Inc. License #598229 Listed on: 10/16/2016

Last Buyer's Agent

Roberto Gonzalez

(301) 991-0207 roberto@rgrealtyinc.com RG Realty, Inc. License #598229 Listed on: 10/16/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,450

Year Built

  • Built in 1900

Lot Details

  • 4,920 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2225010019

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Downtown Hagerstown Subdivision

Building Details

  • Operating Expense $10,500
  • Net Operating Income $29,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,450

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Zoned CCMU This cash-flowing asset consists of five one bdrm residential units and one retail currently leased to a great tenant for $800 per month, wiring, plumbing, windows, roof redone in 1992, all original hardwood floors,off street parking in the rear, coin operated laundry, excellent condition, City and lead compliant nothing else to do
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: No
  • Price Per Sq Ft: 74.88
  • Street Number Modifier: 114

Exterior Features

  • Construction Materials: Brick
  • 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, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • 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: WASHINGTON COUNTY PUBLIC SCHOOLS
  • School District Key: 121138761341

Lot Info

  • Improvement Assessed Value: 180800.00
  • Land Assessed Value: 60000.00
  • Lot Size Acres: 0.11
  • Lot Size Area: 4920
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4920.00
  • Year Assessed: 2016
  • Zoning: CCMU
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11590966
  • Tax Annual Amount: 4449.98
  • Assessor Parcel Number: 2225010019
  • Tax Total Finished Sq Ft: 3738
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 12/13/2016

Multi Family

  • Gross Income: 39600.00
  • Operating Expense: 10500.00
  • Vacancy Allowance Rate: 70.00

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2024
Sold by
Hagerstown Franklin 110-112 West Trust and Hagerstown Franklin 114-116West Trust
Bought by
116 Franklin Llc and Nationwide Max Llc
Current Estimated Value
$455,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,373
Outstanding Balance
$66,802
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2020
Sold by
Miller S J
Bought by
Hagerstown Miller S and Hagerstown Franklin 114

Purchase Details

Closed on
Oct 21, 2019
Sold by
Hagerstown Rachor R and Hagerstown Franklin 114 116 We
Bought by
Miller S J

Purchase Details

Listed on
Oct 16, 2016
Closed on
Dec 13, 2016
Sold by
Taris Investments Llc
Bought by
Hagerstown Rachor R and Hagerstown Franklin 114-116 We
Seller's Agent
Roberto Gonzalez
RG Realty, Inc.
Buyer's Agent
Roberto Gonzalez
RG Realty, Inc.
List Price
$279,900
Sold Price
$260,000
Premium/Discount to List
-$19,900
-7.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2007
Sold by
Faith Investors Llc
Bought by
Taris Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,400
Interest Rate
6.18%

Purchase Details

Closed on
Apr 10, 2007
Sold by
Faith Investors Llc
Bought by
Taris Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,400
Interest Rate
6.18%

Purchase Details

Closed on
May 2, 2003
Sold by
Powell Samuel O and Powell Patricia M
Bought by
Faith Investors Llc

Purchase Details

Closed on
Aug 16, 1991
Sold by
Tusing Charles L
Bought by
Powell Samuel O and Powell Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
9.19%
Source: Public Records

Range of Values:

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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
116 Franklin Llc $743,000 Metropolitan Title
Hagerstown Miller S -- None Available
Miller S J -- None Available
Hagerstown Rachor R $260,000 Premier Settlements & Title
Taris Investment Llc $308,000 --
Taris Investment Llc $308,000 --
Faith Investors Llc $189,000 --
Powell Samuel O $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 116 Franklin Llc $378,373
Previous Owner Hagerstown Rachor R $60,000
Previous Owner Taris Investment Llc $246,400
Previous Owner Taris Investment Llc $246,400
Previous Owner Powell Samuel O $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2016 12/13/16 Sold $260,000 -7.1% $70 / Sq Ft
10/16/2016 10/16/16 For Sale $279,900 -- $75 / 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 $2,311 $253,800 $60,000 $193,800
2024 $2,311 $253,633 $0 $0
2023 $2,309 $253,467 $0 $0
2022 $2,308 $253,300 $60,000 $193,300
2021 $2,508 $250,333 $0 $0
2020 $2,303 $247,367 $0 $0
2019 $2,285 $244,400 $60,000 $184,400
2018 $2,933 $243,200 $0 $0
2017 $2,251 $242,000 $0 $0
2016 -- $240,800 $0 $0
2015 -- $240,800 $0 $0
2014 $5,131 $240,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roberto Gonzalez

    Seller's Agent in 2016

    Roberto Gonzalez

    RG Realty, Inc.

    (301) 991-0207

    87 in this area

    191 Total Sales

    Roberto Gonzalez
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Map

Source: Bright MLS

MLS Number: 1003742449

Bright MLS

APN: 25-010019

Maryland Washington County Hagerstown 21740 Central

114 W Franklin St, Hagerstown, MD

This home is located at 114 W Franklin St, Hagerstown, MD 21740 since 16 October 2016 and is currently priced at $455,804, approximately $121 per square foot. This property was built in 1900. 114 W Franklin St is a home located in Washington County with nearby schools including Ruth Ann Monroe Primary School, Eastern Elementary School, and E. Russell Hicks Middle School.

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