Seller's Agent in 2018
J.B. Powell
Real Estate Teams, LLC
(301) 644-2681
5 in this area
55 Total Sales
116 W 3rd St Frederick, MD 21701
Downtown Frederick NeighborhoodEstimated Value: $703,000 - $876,646
--
Bed
3
Baths
3,191
Sq Ft
$244/Sq Ft
Est. Value
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 2018CIRCA 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
(301) 644-2681 jb@jbpowellrealtor.com Real Estate Teams, LLC License #35102 Listed on: 08/30/2018
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
Ownership History
Date
Name
Owned For
Owner Type
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,691
Avg. Annual Appreciation
6.34%
Original Mortgage
$400,000
Outstanding Balance
$348,824
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$429,338
Purchase Details
Closed on
Dec 31, 2007
Sold by
Shirey Wm N and Shirey Frances G
Bought by
Bainbridge Investments Llc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
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 | $400,000 | |
| Closed | Bainbridge Investments Llc | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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 | $11,087 | $663,600 | $213,700 | $449,900 |
| 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
-
JT Smith
Buyer's Agent in 2018
JT Smith
Compass
(202) 246-8967
2 in this area
61 Total Sales
Map
Source: Bright MLS
MLS Number: 1002287580
APN: 02-106930
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