NOT LISTED FOR SALE

121 E Chesapeake Beach Rd Owings, MD 20736

-- Bed
1 Bath
4,855 Sq Ft
0.58 Acres

Last Sold December 15, 2022

Last sale price $790,000 $163 Per Sq Ft

32 Days on Market

Highlights

  • Colonial Architecture
  • Property is in very good condition
  • Heat Pump System
  • Windy Hill Elementary School Rated A-

About This Home

As of December 2022

Fully rented income producing 5 Unit multi-family property in an excellent location on Rt. 260 in Owings. The property is in the Owings Town Center "Core District". Units have upgraded finishes, vinyl siding, HVAC & the roof is less than 3 years old. Plenty of on-site parking. There is a 6th Unit that is rented as garage space. Seller also has 2 other multi-family properties listed (Owings, Chesapeake Beach). Do not disturb the tenants. Please contact listing agent to arrange showings or with questions.

Last Agent to Sell the Property

Chris Underwood

Curtis Real Estate Company Listed on: 10/14/2022

Co-Listed By

Rene Livesay

Curtis Real Estate Company License #624221

Last Buyer's Agent

sonney pickens

O'Brien Realty ERA Powered

O'Brien Realty ERA Powered

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,905

Year Built

  • Built in 1930 | Remodeled in 2021

Lot Details

  • 0.58 Acre Lot
  • Property is in very good condition

Home Design

  • Colonial Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,855 Sq Ft Home
  • Crawl Space

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Sewer Holding Tank

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0503007774

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,905

Year Built

Built in 1930 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Year Renovated: 2021
  • Remarks Public: Fully rented income producing 5 Unit multi-family property in an excellent location on Rt. 260 in Owings. The property is in the Owings Town Center "Core District". Units have upgraded finishes, vinyl siding, HVAC & the roof is less than 3 years old. Plenty of on-site parking. There is a 6th Unit that is rented as garage space. Seller also has 2 other multi-family properties listed (Owings, Chesapeake Beach). Do not disturb the tenants. Please contact listing agent to arrange showings or with questions.
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Concrete Perimeter, Crawl Space
  • Basement: No
  • Total Sq Ft: 4855
  • Living Area Sq Ft: 4855
  • Price Per Sq Ft: 175.08
  • Above Grade Finished Sq Ft: 4855
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 121

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot, Off Street

Utilities

  • Refuse: 350.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Holding Tank
  • Water Source: Well
  • Municipal Trash: No

Schools

  • School District: CALVERT COUNTY PUBLIC SCHOOLS
  • School District Key: 121139842846
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 290200.00
  • Land Assessed Value: 238700.00
  • Land Use Code: C
  • Lot Size Acres: 0.58
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 25439.00
  • Property Condition: Very Good
  • Year Assessed: 2022
  • Zoning: TC
  • Zoning Description: Owings Town Center "Core District"
  • In City Limits: No

Rental Info

  • Existing Lease Type: Yearly
  • Total Actual Rent: 80940.00
  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14963500
  • Tax Annual Amount: 5905.00
  • Assessor Parcel Number: 0503007774
  • Tax Total Finished Sq Ft: 4192
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2022
  • Close Date: 12/15/2022

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 1

MLS Schools

  • School District Name: CALVERT COUNTY PUBLIC SCHOOLS

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Off Market $790,000 -- --
12/15/2022 12/15/22 Sold $790,000 -7.1% $163 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
10/14/2022 10/14/22 For Sale $850,000 0.0% $175 / Sq Ft
03/23/2016 03/23/16 Rented $1,000 0.0% --
03/23/2016 03/23/16 Under Contract -- -- --
03/23/2016 03/23/16 For Rent $1,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDCA2008812

Bright MLS