Seller's Agent in 2015
Jonathan Warner
Warner Commercial
(301) 606-2533
3 Total Sales
116 W 2nd St Frederick, MD 21701
Estimated Value: $2,383,442
Studio
--
Bath
4,336
Sq Ft
$550/Sq Ft
Est. Value
Highlights
- 0.4 Acre Lot
- Private Lot
- Patio
- Urbana Elementary School Rated A
- No HOA
- Forced Air Heating and Cooling System
About This Home
As of May 20152 modern apartments with high quality office space above. You can live and work in this property or have it as a mixed used investment. Located in the heart of Downtown Frederick. The former C. Burr Artz Library, this all brick building is well constructed and has been totally modernized. On site parking and gardens makes this a unique opportunity.
Last Agent to Sell the Property
(301) 606-2533 jonathan@warnercommercial.com Warner Commercial License #91909 Listed on: 11/17/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,885
Year Built
- Built in 1938 | Remodeled in 2000
Lot Details
- 0.4 Acre Lot
- Private Lot
- Corner Lot
- Property is in very good condition
Home Design
- Brick Exterior Construction
Parking
- On-Street Parking
- Surface Parking
Outdoor Features
- Patio
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Public Septic
Listing and Financial Details
- The owner pays for real estate taxes, insurance, repairs
- Assessor Parcel Number 1102025000
Community Details
Overview
- No Home Owners Association
- 3 Units
- Downtown Frederick Subdivision
Building Details
- Operating Expense $28,895
- Net Operating Income $91,315
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 17, 2023
Sold by
116 Record Street Llc
Bought by
Dorr Properties Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,808,800
Outstanding Balance
$1,752,047
Interest Rate
6.33%
Mortgage Type
Credit Line Revolving
Estimated Equity
$631,395
Purchase Details
Listed on
Nov 17, 2014
Closed on
May 8, 2015
Sold by
Coates Robert Jerry and Brady Richard C
Bought by
116 Record Street Llc
Seller's Agent
Jonathan Warner
Warner Commercial
Buyer's Agent
Tami Liebegott
Long & Foster Real Estate, Inc.
List Price
$1,495,000
Sold Price
$1,250,000
Premium/Discount to List
-$245,000
-16.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$1,312,000
Interest Rate
3.66%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 14, 2012
Sold by
Coates Robert Jerry and Coates Jerry
Bought by
Coates Robert Jerry
Purchase Details
Closed on
Nov 18, 1987
Sold by
Coates R Jerry
Bought by
Coates Coates R and Coates Coates
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
10.66%
Purchase Details
Closed on
Sep 28, 1982
Sold by
Burr Artz Library C
Bought by
Coates R Jerry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
15.19%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dorr Properties Llc | $2,128,000 | -- | |
| 116 Record Street Llc | $1,250,000 | Sage Title Group Llc | |
| Coates Robert Jerry | -- | Sage Title Group | |
| Coates Robert Jerry | -- | None Available | |
| Coates Coates R | $100,000 | -- | |
| Coates R Jerry | $151,100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dorr Properties Llc | $1,808,800 | |
| Previous Owner | Coates Robert Jerry | $1,312,000 | |
| Previous Owner | Coates Coates R | $150,000 | |
| Previous Owner | Coates R Jerry | $144,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/08/2015 05/08/15 | Sold | $1,250,000 | -16.4% | $288 / Sq Ft |
| 01/26/2015 01/26/15 | Pending | -- | -- | -- |
| 11/17/2014 11/17/14 | For Sale | $1,495,000 | -- | $345 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $21,442 | $1,165,300 | $617,400 | $547,900 |
| 2024 | $21,442 | $1,165,300 | $617,400 | $547,900 |
| 2023 | $20,836 | $1,165,300 | $617,400 | $547,900 |
| 2022 | $25,808 | $1,449,700 | $441,000 | $1,008,700 |
| 2021 | $23,921 | $1,379,700 | $0 | $0 |
| 2020 | $23,471 | $1,309,700 | $0 | $0 |
| 2019 | $22,003 | $1,239,700 | $352,800 | $886,900 |
| 2018 | $20,474 | $1,147,767 | $0 | $0 |
| 2017 | $10,109 | $1,239,700 | $0 | $0 |
| 2016 | $21,385 | $963,900 | $0 | $0 |
| 2015 | $21,385 | $958,467 | $0 | $0 |
| 2014 | $21,385 | $953,033 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Warner
-
Tami Liebegott
T
Buyer's Agent in 2015
Tami Liebegott
Long & Foster
(301) 606-5801
54 Total Sales
Map
Source: Bright MLS
MLS Number: 1003262128
APN: 02-025000
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