NOT LISTED FOR SALE

124 Hanover St Cumberland, MD 21502

Estimated Value: $114,000 - $127,000

Studio
2 Baths
2,080 Sq Ft
$57/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $51,000 $25 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $655/month

70 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating System
  • Cash Valley Elementary School Rated 9+

About This Home

As of March 2019

What a great investment opportunity! 2 two bedroom units both currently rented. Convenient location!

Last Agent to Sell the Property

Seth Loar

(301) 777-3380 stevedubrueler@premiermove.com Coldwell Banker Premier License #660434 Listed on: 12/17/2018

Coldwell Banker Premier

Last Buyer's Agent

Derek Miller

(301) 689-0100 info@carterandroque.com Better Homes & Gardens Real Estate Old Line Group License #668554

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $953

Year Built

  • Built in 1900

Lot Details

  • 2,250 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 2,080 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • The owner pays for sewer, water, trash collection
  • Tax Lot 34
  • Assessor Parcel Number 0114003835

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$953

Year Built

Built in 1900

Lot Details

2,250 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Basement: No
  • Total Sq Ft: 2080
  • Living Area Sq Ft: 2080
  • Price Per Sq Ft: 27.64
  • Above Grade Finished Sq Ft: 2080
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2250.00
  • Zoning: R
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Owner Pays: Sewer, Water, Trash Collection
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 953.00
  • Assessor Parcel Number: 0114003835
  • Tax Lot: 34
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2018
Closed on
Mar 19, 2019
Sold by
Walsh Patrick W
Bought by
Minhas Zulfiqar A and Minhas Neenah M
Seller's Agent
Seth Loar
Coldwell Banker Premier
Buyer's Agent
Derek Miller
Better Homes & Gardens Real Estate Old Line Group
List Price
$57,500
Sold Price
$51,000
Premium/Discount to List
-$6,500
-11.3%
Current Estimated Value
$118,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,333
Avg. Annual Appreciation
12.99%
Original Mortgage
$40,800
Outstanding Balance
$31,078
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$87,255

Purchase Details

Listed on
Sep 19, 2013
Closed on
Apr 23, 2014
Sold by
Roberg Dennis M and Koberg Ethel K
Bought by
Walsh Patrick W
Seller's Agent
Kim Gillum
Coldwell Banker Home Town Realty
Buyer's Agent
Kim Gillum
Coldwell Banker Home Town Realty
List Price
$54,800
Sold Price
$49,000
Premium/Discount to List
-$5,800
-10.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.81%
Original Mortgage
$35,250
Interest Rate
4.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2003
Sold by
Grahame Erica Louise
Bought by
Roberg Dennis M and Roberg Ethel K

Purchase Details

Closed on
May 23, 2002
Sold by
Grahame James R
Bought by
Grahame Erica Louise
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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Purchase History

Date Buyer Sale Price Title Company
Minhas Zulfiqar A $51,000 None Available
Walsh Patrick W $49,000 Allegheny Highlands Title &
Roberg Dennis M $35,000 --
Grahame Erica Louise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Minhas Zulfiqar A $40,800
Previous Owner Walsh Patrick W $35,250
Closed Roberg Dennis M --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2019 03/29/19 Sold $51,000 -11.3% $25 / Sq Ft
02/25/2019 02/25/19 Pending -- -- --
12/17/2018 12/17/18 For Sale $57,500 +17.3% $28 / Sq Ft
04/23/2014 04/23/14 Sold $49,000 -10.6% $24 / Sq Ft View Prior Sale
02/17/2014 02/17/14 Pending -- -- --
09/19/2013 09/19/13 For Sale $54,800 -- $26 / 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 $549 $59,900 $0 $0
2024 $510 $54,400 $0 $0
2023 $455 $48,900 $2,000 $46,900
2022 $518 $48,900 $2,000 $46,900
2021 $457 $48,900 $2,000 $46,900
2020 $471 $50,700 $2,000 $48,700
2019 $458 $49,067 $0 $0
2018 $447 $47,433 $0 $0
2017 $424 $45,800 $0 $0
2016 $428 $44,667 $0 $0
2015 $410 $43,533 $0 $0
2014 $410 $42,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Seth Loar

    Seller's Agent in 2019

    Seth Loar

    Coldwell Banker Premier

    (301) 876-0676

    307 Total Sales

    Seth Loar
    Section Image
  • Derek Miller

    Buyer's Agent in 2019

    Derek Miller

    Better Homes & Gardens Real Estate Old Line Group

    (814) 494-4913

    39 Total Sales

    Derek Miller
    Section Image

  • K

    Seller's Agent in 2014

    Kim Gillum

    Coldwell Banker Home Town Realty

    Section Image
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Map

Source: Bright MLS

MLS Number: MDAL119166

Bright MLS

APN: 14-003835

Maryland Allegany County Cumberland 21502

124 Hanover St, Cumberland, MD

Not Listed for Sale

MultiFamily

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