NOT LISTED FOR SALE

116 W 3rd St Frederick, MD 21701

Downtown Frederick Neighborhood

Estimated Value: $677,000 - $836,911

Studio
3 Baths
3,191 Sq Ft
$242/Sq Ft Est. Value

Sale Details

Date Sold: October 11, 2018

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

Est. 55% increase in value since last sale

Current estimated payment $5,140 / mo

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

(301) 695-3020 info@realestateteams.com Real Estate Teams, LLC License #35102 Listed on: 08/30/2018

Real Estate Teams, LLC

Last Buyer's Agent

JT Smith

(240) 451-9662 jtsmithrealestate@gmail.com 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

5,890 Sq Ft Lot

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
  • 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

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

  • 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)
  • 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
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

Multi Family

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

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2022
Sold by
Bought by
Current Estimated Value
$773,728

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
Interest Rate
0.0511%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 30, 2018
Closed on
Oct 11, 2018
Sold by
Bought by
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
5.76%
Original Mortgage
$400,000
Interest Rate
0.045%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2007
Sold by
Bought by

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
0.06%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Mclister Patrick F
$500,000 None Available
$439,450 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $388,800
Previous Owner $400,000
Previous Owner $439,450
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    Seller's Agent in 2018

    J.B. Powell

    Real Estate Teams, LLC

    (301) 644-2681

    4 in this area

    46 Total Sales

    J.B. Powell
    Section Image
  • JT Smith

    Buyer's Agent in 2018

    JT Smith

    Compass

    (202) 246-8967

    2 in this area

    48 Total Sales

    JT Smith
    Section Image
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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

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