NOT LISTED FOR SALE

131 Cumberland St Clear Spring, MD 21722

Studio
-- Bath
4,062 Sq Ft
6,336 Sq Ft Lot

Last Sold May 08, 2018

Last sale price $215,000 $53 Per Sq Ft

122 Days on Market

Highlights

  • No HOA
  • Window Unit Cooling System
  • 4-minute walk to Park
  • Clear Spring Middle School Rated A-
  • Baseboard Heating

About This Home

As of May 2018

Excellent opportunity to own a well-maintained 6 unit apartment building with huge off/street parking space. Rents can be increased! Tenants pay all electric and heating expenses. All inspections and lead certificates available. Three units are 100% Lead Free! Updates include entire new plumbing system, new vinyl windows, siding, flooring and more. Call for more details.

Last Agent to Sell the Property

Cristhian Huamani

(240) 706-1082 myloyalagent@gmail.com RG Realty, Inc. Listed on: 11/10/2017

Last Buyer's Agent

Barbara Davis

(301) 651-4944 realtorbarbaradavis@gmail.com Keller Williams Realty Centre License #635945

Keller Williams Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,055

Year Built

  • Built in 1920

Lot Details

  • 6,336

Parking

  • Off-Street Parking

Home Design

  • Vinyl Siding

Schools

  • Clear Spring Elementary And Middle School
  • Clear Spring High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Exterior Basement Entry
  • 6,336 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 2204006798

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Clear Spring Subdivision

Building Details

  • Operating Expense $13,395
  • Net Operating Income $24,105

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,055

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Price Per Sq Ft: 55.39

Exterior Features

  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • Elementary School: CLEAR SPRING
  • High School: CLEAR SPRING
  • Middle Or Junior School: CLEAR SPRING

Lot Info

  • Improvement Assessed Value: 215100.00
  • Land Assessed Value: 36300.00
  • Lot Size Acres: 0.15
  • Lot Size Area: 6336
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6336.00
  • Property Attached Yn: Yes
  • Zoning: U
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11597608
  • Tax Annual Amount: 3054.51
  • Assessor Parcel Number: 2204006798
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

Multi Family

  • Gross Income: 37500.00
  • Metering: Electric Separate
  • Operating Expense: 13395.00
  • Vacancy Allowance Rate: 33.00

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

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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Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2018 05/08/18 Sold $215,000 -4.4% $53 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
12/04/2017 12/04/17 Price Changed $225,000 -4.3% $55 / Sq Ft
11/10/2017 11/10/17 For Sale $235,000 -- $58 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $2,347 $296,400 $0 $0
2024 $2,347 $257,600 $0 $0
2023 $1,993 $218,800 $36,300 $182,500
2022 $1,993 $218,800 $36,300 $182,500
2021 $2,046 $218,800 $36,300 $182,500
2020 $2,341 $251,500 $36,300 $215,200
2019 $2,351 $251,467 $0 $0
2018 $3,047 $251,433 $0 $0
2017 $2,222 $251,400 $0 $0
2016 -- $237,667 $0 $0
2015 -- $223,933 $0 $0
2014 $1,896 $210,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004126779

Bright MLS

APN: 04-006798