NOT LISTED FOR SALE

Estimated Value: $180,000 - $284,000

Studio
-- Bath
8,546 Sq Ft
$27/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $415,000 $49 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $1,427/month

3 Days on Market

Highlights

  • 1.94 Acre Lot
  • Colonial Architecture
  • Electric Baseboard Heater
  • Smithsburg Middle School Rated A-
  • Ramp on the main level

About This Home

As of July 2022

This 10 unit apartment building is fully leased and offers a detached single family home on the same parcel which is currently rented to a long term tenant. Seven two bedroom units including detached home and three one bedroom units. All fire escapes have been rebuilt. Tenants pay electric, landlord pays trash, water/sewer, snow removal and lawn care. All tenants currenlty month to month. Situated on 1.99 acres with plenty parking. Excellent investment opportunity! . OWNER IS A LICENSED REAL ESTATE ASSOCIATE BROKER IN PA AND MD.

Last Agent to Sell the Property

Bonita Smith

(301) 748-8330 bonita.smith6715@gmail.com J&B Real Estate Listed on: 05/10/2022

Last Buyer's Agent

Preston Fouke

(301) 988-5844 pfouke@hotmail.com Real Estate Innovations License #WV0020829

Real Estate Innovations

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,097

Year Built

  • Built in 1900

Lot Details

  • 1.94 Acre Lot
  • Property is in good condition

Home Design

  • Colonial Architecture
  • Steel Siding

Interior Spaces

  • 8,546 Sq Ft Home
  • Crawl Space
  • Fire Escape
  • Stove

Parking

  • Free Parking
  • Gravel Driveway
  • Parking Lot
  • Off-Street Parking

Schools

  • Cascade Elementary School
  • Smithsburg Middle School
  • Smithsburg Sr. High School

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Ramp on the main level
  • Exterior Lighting

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, lawn/shrub care, management, pest control, repairs, snow removal, real estate taxes, trash collection, water
  • Assessor Parcel Number 2214009787

Community Details

Overview

  • 4 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $5,520
  • Trash Expense $1,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,097

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: Ramp - Main Level
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: electric stove and refrigerator in all apartments, and wood stove in single family home on Military Road
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Stove
  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 8546
  • Living Area Sq Ft: 8546
  • Price Per Sq Ft: 54.41
  • Above Grade Finished Sq Ft: 8546
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Steel Siding
  • Exterior Features: Exterior Lighting, Fire Escape
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Free, Gravel Driveway
  • Type Of Parking: Parking Lot, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: CASCADE SCHOOL
  • High School: SMITHSBURG SR.
  • Middle Or Junior School: SMITHSBURG

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 306200.00
  • Land Assessed Value: 169000.00
  • Lot Size Acres: 1.94
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 84506.00
  • Property Condition: Good
  • Zoning: RV
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Management, Pest Control, Repairs, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 63300.00
  • Units Leased Count: 10
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11613663
  • Tax Annual Amount: 5097.00
  • Assessor Parcel Number: 2214009787
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2024
Sold by
Sarno Properties Llc
Bought by
Blanco Evert and Blanco Melba N
Current Estimated Value
$233,749

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 15, 2022
Sold by
Bonita Marie Smith Revocable Trust and Smith Bonita Marie
Bought by
Sarno Properties Llc
Seller's Agent
Bonita Smith
J&B Real Estate
Buyer's Agent
Preston Fouke
Real Estate Innovations
List Price
$465,000
Sold Price
$415,000
Premium/Discount to List
-$50,000
-10.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.13%
Original Mortgage
$290,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2021
Sold by
Smith Bonita Marie and Smith James Wesley
Bought by
Smith Bonita Marie and Bonita Marie Smith Rev Trust O

Purchase Details

Closed on
Jan 1, 2015
Sold by
Smith James W
Bought by
Smith James W and Smith James Wesley

Purchase Details

Closed on
Sep 11, 1995
Sold by
Swift Tr E T
Bought by
Smith James W
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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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
Blanco Evert $160,000 Tri-State Signature Settlement
Blanco Evert $160,000 Tri-State Signature Settlement
Blanco Evert $160,000 Tri-State Signature Settlement
Blanco Evert $160,000 Tri-State Signature Settlement
Sarno Properties Llc $415,000 None Listed On Document
Sarno Properties Llc $415,000 None Listed On Document
Sarno Properties Llc $415,000 None Listed On Document
Sarno Properties Llc $415,000 None Listed On Document
Smith Bonita Marie -- None Available
Smith Bonita Marie -- None Available
Smith James W -- None Available
Smith James W -- None Available
Smith James W $192,000 --
Smith James W $192,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sarno Properties Llc $290,000
Previous Owner Sarno Properties Llc $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $415,000 -10.8% $49 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $465,000 -- $54 / 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 $2,465 $119,900 $52,900 $67,000
2024 $2,465 $238,100 $56,600 $181,500
2023 $2,476 $238,100 $56,600 $181,500
2022 $4,920 $475,200 $169,000 $306,200
2021 $5,037 $475,200 $169,000 $306,200
2020 $5,037 $475,200 $169,000 $306,200
2019 $5,037 $475,200 $169,000 $306,200
2018 $5,694 $475,200 $169,000 $306,200
2017 $4,922 $469,767 $0 $0
2016 -- $464,333 $0 $0
2015 -- $458,900 $0 $0
2014 $5,213 $458,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWA2008022

Bright MLS

APN: 14-009787