$180,000
SOLD FEB 10, 2017

136 Spring St Frostburg, MD 21532

-- Bed
-- Bath
5,400 Sq Ft
0.36 Acres

Recently Sold

$33 Per Sq Ft

10% Below List Price

191 Days on Market

Highlights

  • No HOA
  • Beall Elementary School Rated 9+
  • Baseboard Heating

About This Home

As of July 2022

4 unit apartment building, each unit has 4 bedrooms and 1 full bath, Good rental history, Built in 1991 not concerned with lead,Building in compliance with city code. Each unit has approx 1350 sq feet of living space, property could be converted into apartments for families or faculty.Paved parking. Leases on file. projected income for 16-17 year $38,300. Potential income $62,000-$67,000

Last Agent to Sell the Property

Sue Brewer

The Goodfellow Agency License #319113 Listed on: 06/15/2016

Last Buyer's Agent

Stephen MacGray

Charis Realty Group License #652984

Charis Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Parking

  • Driveway

Home Design

  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • Beall Elementary School
  • Mount Savage Middle School
  • Mountain Ridge High School

Utilities

  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Electric Oven or Range
  • 0.36 Acre Lot

Listing and Financial Details

  • The owner pays for management, real estate taxes, insurance, repairs
  • Tax Lot 1
  • Assessor Parcel Number 0112003552

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $12,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1991
  • Remarks Public: 4 unit apartment building, each unit has 4 bedrooms and 1 full bath, Good rental history, Built in 1991 not concerned with lead,Building in compliance with city code. Each unit has approx 1350 sq feet of living space, property could be converted into apartments for families or faculty.Paved parking. Leases on file. projected income for 16-17 year $38,300. Potential income $62,000-$67,000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Full
  • Price Per Sq Ft: 36.85
  • Street Number Modifier: 136

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
  • Parking Features: Asphalt Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • 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

  • School District: ALLEGANY COUNTY PUBLIC SCHOOLS
  • Elementary School: BEALL
  • Middle School: MOUNT SAVAGE
  • High School: MOUNTAIN RIDGE
  • School District Key: 121140562208
  • Elementary School: BEALL
  • High School: MOUNTAIN RIDGE
  • Middle Or Junior School: MOUNT SAVAGE

Lot Info

  • Improvement Assessed Value: 249700.00
  • Land Assessed Value: 32700.00
  • Lot Size Acres: 0.36
  • Lot Size Area: 15511
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15511.00
  • Year Assessed: 2016
  • Zoning: RENTAL
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Management, Taxes - Real Estate, Insurance, Repairs
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14922791
  • Tax Annual Amount: 4562.04
  • Assessor Parcel Number: 0112003552
  • Tax Lot: 1
  • Tax Total Finished Sq Ft: 5400
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015
  • Close Date: 02/10/2017

Multi Family

  • Gross Income: 43200.00
  • Metering: Fully Separate
  • Operating Expense: 12900.00
  • Vacancy Allowance Rate: 30.00

MLS Schools

  • School District Name: ALLEGANY 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
07/01/2022 07/01/22 Sold $247,030 -5.0% $46 / Sq Ft
05/08/2022 05/08/22 Pending -- -- --
03/02/2022 03/02/22 Price Changed $260,000 -8.8% $48 / Sq Ft
02/07/2022 02/07/22 For Sale $285,000 +58.3% $53 / Sq Ft
02/10/2017 02/10/17 Sold $180,000 -9.5% $33 / Sq Ft
12/23/2016 12/23/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $199,000 -- $37 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • AUTUM GREEN

    Seller's Agent in 2022

    AUTUM GREEN

    The Goodfellow Agency

    (301) 697-3605

    29 Total Sales

    AUTUM GREEN
    Section Image
  • Morgan Boyer

    Buyer's Agent in 2022

    Morgan Boyer

    Hunt Country Sotheby's International Realty

    (304) 596-3100

    47 Total Sales

    Morgan Boyer
    Section Image

  • S

    Seller's Agent in 2017

    Sue Brewer

    The Goodfellow Agency

    Section Image
  • Stephen MacGray

    Buyer's Agent in 2017

    Stephen MacGray

    Charis Realty Group

    (301) 707-8888

    356 Total Sales

    Stephen MacGray
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003919509

Bright MLS

Maryland Allegany County Frostburg 21532

136 Spring St, Frostburg, MD

This home is located at 136 Spring St, Frostburg, MD 21532 and is currently priced at $180,000, approximately $33 per square foot. This property was built in 1991. 136 Spring St is a home located in Allegany County with nearby schools including Beall Elementary School, Mount Savage Middle School, and Mountain Ridge High School.

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