NOT LISTED FOR SALE

14 S Main St Boonsboro, MD 21713

Estimated Value: $830,361

-- Bed
-- Bath
6,916 Sq Ft
$120/Sq Ft Est. Value

Last Sold June 12, 2023

Last sale price $785,000 $114 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,850/month

338 Days on Market

Highlights

  • 0.5 Acre Lot
  • Colonial Architecture
  • Central Air
  • Boonsboro Elementary School Rated A-
  • Ramp on the main level
  • 5-minute walk to Shafer Park

About This Home

As of June 2023

Here’s your chance to own a piece of history in the Town of Boonsboro. The year of construction is unknown, the log cabin was one of the first homes built in Boonsboro in the late 1700s. The home next door was built in the early 1800s and was converted into a multi-use. This unique property offers 4 multi-family apartments and 2-commercial spaces all under one roof and zoned commercial ***NOTE there are 3 parcels 14,16 & 20 Main St. Commercial SF approx. 1925 and fully leased with long-term tenants. The 4 multi-family units are leased, making it income-producing from day one of ownership. Recent updates & shows well, including roof, plumbing, exterior paint, etc. All electric building & all units are separately metered. The main level apartment is handicap accessible, with a ramp to the door & roll-in shower. The second apartment has 2-bedrooms, 1-bath and a back door leading to a fenced yard & access to the parking lot. Both upper-level apartments have 3-bedrooms with 2-levels and 1-bathroom. Plenty of free parking on Main Street and highly-coveted 15+ private parking spots in the back of the building. Showings are appointment only. Please do not disturb the happy tenants.

Last Agent to Sell the Property

Colleen Winters

RE/MAX Realty Services Listed on: 05/31/2022

RE/MAX Realty Services

Last Buyer's Agent

Kimberly Ashkenazi

EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,091

Year Built

  • Built in 1800

Lot Details

  • 0.5 Acre Lot
  • Property is in very good condition

Home Design

  • 6,916 Sq Ft Home
  • Colonial Architecture
  • Dwelling with Rental
  • Stone Foundation

Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • 15 Parking Spaces
  • 15 Driveway Spaces
  • On-Street Parking
  • Off-Street Parking

Accessible Home Design

  • Ramp on the main level

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for common area maintenance, miscellaneous
  • Assessor Parcel Number 2206012639

Community Details

Overview

  • 4 Units
  • 4-Story Building

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,091

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial, Dwelling With Rental
  • Accessibility Features: Ramp - Main Level
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1800
  • Automatically Close On Close Date: No
  • Remarks Public: Here’s your chance to own a piece of history in the Town of Boonsboro. The year of construction is unknown, the log cabin was one of the first homes built in Boonsboro in the late 1700s. The home next door was built in the early 1800s and was converted into a multi-use. This unique property offers 4 multi-family apartments and 2-commercial spaces all under one roof and zoned commercial ***NOTE there are 3 parcels 14,16 & 20 Main St. Commercial SF approx. 1925 and fully leased with long-term tenants. The 4 multi-family units are leased, making it income-producing from day one of ownership. Recent updates & shows well, including roof, plumbing, exterior paint, etc. All electric building & all units are separately metered. The main level apartment is handicap accessible, with a ramp to the door & roll-in shower. The second apartment has 2-bedrooms, 1-bath and a back door leading to a fenced yard & access to the parking lot. Both upper-level apartments have 3-bedrooms with 2-levels and 1-bathroom. Plenty of free parking on Main Street and highly-coveted 15+ private parking spots in the back of the building. Showings are appointment only. Please do not disturb the happy tenants.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Partial, Interior Access
  • Total Sq Ft: 6916
  • Living Area Sq Ft: 6916
  • Price Per Sq Ft: 130.13
  • Above Grade Finished Sq Ft: 6916
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 14

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 15
  • Type Of Parking: Driveway, Off Street, On Street
  • Number of Spaces in Driveway: 15

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: WASHINGTON COUNTY PUBLIC SCHOOLS
  • School District Key: 121138761341
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 267900.00
  • Land Assessed Value: 131700.00
  • Land Use Code: C
  • Lot Size Acres: 0.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21780.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: TC
  • In City Limits: No

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Common Area Maintenance, Miscellaneous
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11598306
  • Tax Annual Amount: 5091.00
  • Assessor Parcel Number: 2206012639
  • Tax Total Finished Sq Ft: 6916
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 06/12/2023

Multi Family

  • Number Of Units Vacant: 1
  • Single Room Units Count: 2

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Jun 12, 2023
Sold by
Kefauver Lewis Michael
Bought by
Kobb Realty Llc
Seller's Agent
Colleen Winters
RE/MAX Realty Services
Buyer's Agent
Kimberly Ashkenazi
EXP Realty, LLC
List Price
$900,000
Sold Price
$785,000
Premium/Discount to List
-$115,000
-12.78%
Views
140
Current Estimated Value
$830,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,361
Avg. Annual Appreciation
2.62%

Purchase Details

Closed on
May 25, 1995
Sold by
Terrett R L
Bought by
Kefauver Lewis M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
8.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 1990
Sold by
Root David P and Root Renate M
Bought by
Terrett Robert L and Terrett Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,500
Interest Rate
10.21%

Purchase Details

Closed on
Oct 28, 1983
Sold by
Reeder John L
Bought by
Root David P and Root Renate M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
13.43%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Kobb Realty Llc $785,000 None Listed On Document
Kobb Realty Llc $785,000 None Listed On Document
Kefauver Lewis M $325,000 --
Terrett Robert L $195,000 --
Root David P $53,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kefauver Lewis Michael $225,000
Previous Owner Kefauver Lewis M $215,000
Previous Owner Terrett Robert L $154,500
Previous Owner Root David P $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2023 06/12/23 Sold $785,000 -12.8% $114 / Sq Ft
05/31/2022 05/31/22 For Sale $900,000 -- $130 / 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 $3,640 $432,100 $0 $0
2024 $3,640 $399,600 $131,700 $267,900
2023 $3,640 $399,600 $131,700 $267,900
2022 $3,656 $399,600 $131,700 $267,900
2021 $3,720 $399,600 $131,700 $267,900
2020 $3,720 $399,600 $131,700 $267,900
2019 $3,736 $399,600 $131,700 $267,900
2018 $3,742 $400,200 $131,700 $268,500
2017 $3,442 $368,133 $0 $0
2016 -- $336,067 $0 $0
2015 -- $304,000 $0 $0
2014 $3,635 $304,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWA2008430

Bright MLS

APN: 06-012639