NOT LISTED FOR SALE

124 E Main St Frostburg, MD 21532

Estimated Value: $216,519

Studio
4 Baths
2,858 Sq Ft
$76/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $190,000 $66 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,285/month

7 Days on Market

Highlights

  • Wood Flooring
  • Farmhouse Style Home
  • Historic Home
  • Frost Elementary School Rated A-
  • Electric Baseboard Heater
  • 3-minute walk to Great Allegheny Passage Frostburg Trailhead

About This Home

As of October 2022

Welcome to this beautiful triplex in the heart of Frostburg's Main Street. This quaint, three-unit building features generous-sized bedrooms, off-street parking, and each are equipped with refrigerator and stove. Tenants are responsible for individual units' Electricity and Internet/Cable services. Short drive to Frostburg University, local shops and dining. Units 3 & 4 are rented. Unit 2 under extensive renovations. The large, two level unit has 3 bedrooms, 2 full baths, laundry room and a potential 4th bathroom with potential 3rd bathroom. The upper two units are both spacious 1 bedroom units with original hardwood floors.

Last Agent to Sell the Property

Catherine Burke

(571) 292-5377 catherinesellsmd@gmail.com Move4Free Realty, LLC License #SP200205553 Listed on: 09/08/2022

Last Buyer's Agent

Debbie Grimm

(240) 979-4660 grimedy77@gmail.com Perry Wellington Realty, LLC License #71388

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,511

Year Built

  • Built in 1880

Lot Details

  • 1,500 Sq Ft Lot
  • Historic Home
  • Property is in good condition

Home Design

  • 2,858 Sq Ft Home
  • Triplex
  • Farmhouse Style Home
  • Brick Exterior Construction
  • Block Foundation
  • Metal Roof

Kitchen

  • Electric Oven or Range

Flooring

  • Wood
  • Carpet

Parking

  • On-Street Parking
  • Parking Lot

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Basement

Community Details

  • 3 Units
  • Gross Income $20,407

Listing and Financial Details

  • The owner pays for electricity, lawn/shrub care, pest control, repairs, sewer, snow removal, supplies, real estate taxes, water
  • Assessor Parcel Number 0112008767

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,511

Year Built

Built in 1880

Lot Details

1,500 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Farmhouse/National Folk
  • Ownership: Fee Simple
  • Historic: Yes
  • Inclusions: All Appliances As Is
  • New Construction: No
  • Expected On Market: 2022-09-10
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring Type: Carpet, Hardwood
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Total Sq Ft: 2858
  • Living Area Sq Ft: 2858
  • Price Per Sq Ft: 66.45
  • Above Grade Finished Sq Ft: 2858
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Metal
  • Spa: No
  • 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, On Street

Utilities

  • Central Air Conditioning: No
  • Previous Twelve Months Electric Expense: 780.00
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Previous Twelve Months: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: lot size is an estimate
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1500.00
  • Property Condition: Good
  • Zoning: C3
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Owner Pays: Electricity, Lawn/Shrub Care, Pest Control, Repairs, Sewer, Snow Removal, Supplies, Taxes - Real Estate, Water
  • Total Actual Rent: 26400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Scheduled Income: 20407.20
  • Vacancy Allowance Rate: 22.70

Tax Info

  • Assessor Parcel Number: 14923249
  • Tax Annual Amount: 2511.00
  • Assessor Parcel Number: 0112008767
  • Tax Year: 2020

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2022
Closed on
Oct 27, 2022
Sold by
Rahman Elias
Bought by
Shea Bonnie Jean
Seller's Agent
Catherine Burke
Move4Free Realty, LLC
Buyer's Agent
Debbie Grimm
Perry Wellington Realty, LLC
List Price
$189,900
Sold Price
$190,000
Premium/Discount to List
$100
0.05%
Views
34
Current Estimated Value
$216,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,519
Avg. Annual Appreciation
3.93%
Original Mortgage
$95,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2022
Sold by
Kammauf Dustin
Bought by
Orr Brendan

Purchase Details

Listed on
Oct 10, 2020
Closed on
Nov 20, 2020
Sold by
Devore Michael C and Devore Karen K
Bought by
Rahman Elias
Seller's Agent
Heather Brailer
Charis Realty Group
Buyer's Agent
Catherine Burke
Move4Free Realty, LLC
List Price
$135,000
Sold Price
$120,000
Premium/Discount to List
-$15,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.73%
Original Mortgage
$90,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2004
Sold by
Whitaker Carl D and Whitaker Mary J
Bought by
Devore Michael

Purchase Details

Closed on
Nov 28, 2001
Sold by
Malloy Bonnie J and Johnson Sharon C
Bought by
Whitaker Carl D and Whitaker Mary J

Purchase Details

Closed on
Oct 29, 2001
Sold by
Malloy Bonnie J and Johnson Sharon C
Bought by
Malloy Bonnie J and Johnson Sharon C

Purchase Details

Closed on
Oct 6, 1999
Sold by
Johnson Sharon C and Malloy Bonnie J
Bought by
Malloy Bonny Jean and Johnson Sharon

Purchase Details

Closed on
Jun 29, 1999
Sold by
Barclay Robert C
Bought by
Johnson Sharon C and Malloy Bonnie J
Source: Public Records
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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
Shea Bonnie Jean $190,000 --
Orr Brendan -- --
Rahman Elias $120,000 None Available
Devore Michael $90,000 --
Whitaker Carl D $45,000 --
Malloy Bonnie J -- --
Malloy Bonny Jean -- --
Johnson Sharon C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shea Bonnie Jean $95,000
Previous Owner Rahman Elias $90,000
Closed Whitaker Carl D --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2022 10/28/22 Sold $190,000 +0.1% $66 / Sq Ft
09/17/2022 09/17/22 For Sale $189,900 -0.1% $66 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
09/15/2022 09/15/22 Off Market $190,000 -- --
09/08/2022 09/08/22 For Sale $189,900 0.0% $66 / Sq Ft
09/08/2022 09/08/22 Price Changed $189,900 +58.3% $66 / Sq Ft
11/23/2020 11/23/20 Sold $120,000 -11.1% $42 / Sq Ft View Prior Sale
10/19/2020 10/19/20 Pending -- -- --
10/10/2020 10/10/20 For Sale $135,000 -- $47 / Sq Ft
Source: Bright MLS

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 $1,753 $172,900 $14,800 $158,100
2024 $1,694 $164,467 $0 $0
2023 $1,576 $156,033 $0 $0
2022 $1,493 $147,600 $14,800 $132,800
2021 $1,502 $147,600 $14,800 $132,800
2020 $1,448 $147,600 $14,800 $132,800
2019 $1,469 $148,500 $14,800 $133,700
2018 $1,477 $148,500 $14,800 $133,700
2017 $1,473 $148,500 $0 $0
2016 $1,488 $152,900 $0 $0
2015 $1,498 $152,900 $0 $0
2014 $1,498 $152,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAL2004242

Bright MLS

APN: 12-008767

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