NOT LISTED FOR SALE

116 W 3rd St Frederick, MD 21701

Downtown Frederick Neighborhood

Estimated Value: $666,000 - $939,818

-- Bed
3 Baths
3,191 Sq Ft
$248/Sq Ft Est. Value

Last Sold October 11, 2018

Last sale price $500,000 $157 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,127/month

6 Days on Market

Highlights

  • View of Trees or Woods
  • 0.14 Acre Lot
  • No HOA
  • Parkway Elementary School Rated A-
  • Wood Flooring
  • 3-minute walk to Memorial Park

About This Home

As of October 2018

CIRCA 1876 Brick Apt. Bldg.,Conveys W/3 Apt,3 Detached Garages,Multiple Off Street Parking Spaces Generating Gross Monthly Income Approx.$3320.00 & Annual Income Approx. $39,840.00,Total Electric Bldg.,W/Individual Meters,Current Annual Expenses Approx. $10739.00,Leases Currently M To M,Income Could Be Higher,Bldg.Exterior Has Been Freshly Painted,Management By Owner,& Common Area W/D For Tenants.

Last Agent to Sell the Property

J.B. Powell

Real Estate Teams, LLC License #35102 Listed on: 08/30/2018

Real Estate Teams, LLC

Last Buyer's Agent

JT Smith

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,687

Year Built

  • Built in 1876

Lot Details

  • 5,890 Sq Ft Lot
  • Property is Fully Fenced

Parking

  • 3 Car Detached Garage
  • 5 Open Parking Spaces
  • Front Facing Garage
  • Rear-Facing Garage
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Property Views

  • Woods
  • Garden

Home Design

  • Brick Exterior Construction
  • Plaster Walls
  • Rubber Roof
  • Metal Roof

Interior Spaces

  • 3,191 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Fireplace Mantel
  • Window Treatments
  • Wood Frame Window
  • Window Screens
  • Wood Flooring
  • Storm Windows
  • Electric Oven or Range

Laundry

  • Dryer
  • Washer

Basement

  • Connecting Stairway
  • Rear Basement Entry
  • Basement with some natural light

Outdoor Features

  • Patio
  • Shed
  • Porch

Schools

  • Parkway Elementary School
  • West Frederick Middle School

Utilities

  • Window Unit Cooling System
  • Vented Exhaust Fan
  • Baseboard Heating
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, repairs, real estate taxes, all utilities
  • Tax Lot 1
  • Assessor Parcel Number 1102106930

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes parking
  • Operating Expense $10,739
  • Net Operating Income $29,101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,687

Year Built

Built in 1876

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2018-08-31
  • Year Built: 1876
  • Remarks Public: CIRCA 1876 Brick Apt. Bldg.,Conveys W/3 Apt,3 Detached Garages,Multiple Off Street Parking Spaces Generating Gross Monthly Income Approx.$3320.00 & Annual Income Approx. $39,840.00,Total Electric Bldg.,W/Individual Meters,Current Annual Expenses Approx. $10739.00,Leases Currently M To M,Income Could Be Higher,Bldg.Exterior Has Been Freshly Painted,Management By Owner,& Common Area W/D For Tenants.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Interior Amenities: Window Treatments, Wood Floors
  • Window Features: Screens, Wood Frame, Storm
  • Fireplace Features: Mantel(s)
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall, Plaster Walls
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Connecting Stairway, Daylight, Partial
  • Total Sq Ft: 3191
  • Living Area Sq Ft: 3191
  • Price Per Sq Ft: 158.26
  • Above Grade Finished Sq Ft: 3191
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 116

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Brick
  • Road Surface Type: Alley, Black Top
  • Roof: Metal, Rubber
  • View: Garden/Lawn, Street, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Open Parking Spaces Count: 5
  • Parking Features: Gravel Driveway
  • Garage Features: Garage - Rear Entry, Garage - Front Entry
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Off Street, On Street, Driveway, Detached Garage

Utilities

  • Refuse: 88.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: FREDERICK COUNTY PUBLIC SCHOOLS
  • Elementary School: PARKWAY
  • Middle School: WEST FREDERICK
  • School District Key: 121139693024
  • Elementary School: PARKWAY
  • Middle Or Junior School: WEST FREDERICK

Lot Info

  • Fencing: Fully
  • Improvement Assessed Value: 320200.00
  • Land Assessed Value: 134200.00
  • Lot Size Acres: 0.14
  • Lot Size Area: 5890
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5890.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Year Assessed: 2018
  • Zoning: DR
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Lease Term: Negotiable
  • Owner Pays: Insurance, Repairs, Taxes - Real Estate, All Utilities
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11510365
  • Tax Annual Amount: 7686.96
  • Assessor Parcel Number: 1102106930
  • Tax Lot: 1
  • Tax Page Number: 757
  • Tax Total Finished Sq Ft: 3191
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 10/11/2018

Multi Family

  • Gross Income: 39840.00
  • Income Includes: Parking
  • Operating Expense: 10739.00

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2022
Sold by
Edens Paul M
Bought by
Edens Paul M and Ednes Kristi D
Total Days on Market
6
Current Estimated Value
$791,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,800
Outstanding Balance
$373,143
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$441,571

Purchase Details

Listed on
Aug 30, 2018
Closed on
Oct 11, 2018
Sold by
Bainbridge Investments Llc
Bought by
Edens Paul M and Edens Kristi D
Seller's Agent
J.B. Powell
Real Estate Teams, LLC
Buyer's Agent
JT Smith
Compass
List Price
$505,000
Sold Price
$500,000
Premium/Discount to List
-$5,000
-0.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.63%
Original Mortgage
$400,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2007
Sold by
Shirey Wm N and Shirey Frances G
Bought by
Bainbridge Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,450
Interest Rate
6%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Edens Paul M $500,000 None Available
Bainbridge Investments Llc $439,450 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edens Paul M $388,800
Closed Edens Paul M $400,000
Previous Owner Bainbridge Investments Llc $439,450
Closed Bainbridge Investments Llc --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2018 10/11/18 Sold $500,000 -1.0% $157 / Sq Ft
09/07/2018 09/07/18 Price Changed $505,000 0.0% $158 / Sq Ft
09/07/2018 09/07/18 For Sale $505,000 +5.4% $158 / Sq Ft
09/06/2018 09/06/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $479,000 -- $150 / 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
2024 $11,087 $600,100 $0 $0
2023 $9,644 $536,600 $0 $0
2022 $8,483 $473,100 $179,700 $293,400
2021 $8,308 $466,867 $0 $0
2020 $8,236 $460,633 $0 $0
2019 $8,122 $454,400 $134,200 $320,200
2018 $7,855 $440,367 $0 $0
2017 $7,358 $454,400 $0 $0
2016 $7,032 $412,300 $0 $0
2015 $7,032 $402,833 $0 $0
2014 $7,032 $393,367 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J.B. Powell

    Seller's Agent in 2018

    J.B. Powell

    Real Estate Teams, LLC

    (301) 644-2681

    6 in this area

    66 Total Sales

    J.B. Powell
    Section Image
  • JT Smith

    Buyer's Agent in 2018

    JT Smith

    Compass

    (202) 246-8967

    3 in this area

    75 Total Sales

    JT Smith
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002287580

Bright MLS

APN: 02-106930

Maryland Frederick County Frederick 21701 Downtown Frederick

116 W 3rd St, Frederick, MD

This home is located at 116 W 3rd St, Frederick, MD 21701 since 30 August 2018 and is currently estimated at $791,955, approximately $248 per square foot. This property was built in 1876. 116 W 3rd St is a home located in Frederick County with nearby schools including Parkway Elementary School, West Frederick Middle School, and Frederick High School.

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