NOT LISTED FOR SALE

1602 Colonial Way Frederick, MD 21702

Villa Estates Neighborhood

Estimated Value: $326,270 - $350,000

3 Beds
2 Baths
1,320 Sq Ft
$257/Sq Ft Est. Value

Last Sold November 28, 2016

Last sale price $119,000 $90 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $2,165/month

Highlights

  • Colonial Architecture
  • No HOA
  • Central Air
  • Frederick High School Rated A-
  • Eat-In Kitchen
  • Combination Kitchen and Dining Room

About This Home

As of November 2016

Auction property. 4.5% Buyer Premium charged buyer at closing. No inspection contingency accepted. REO Property sold As-Is w/o repair, warranty or Seller Disclosure. The Listing Broker & Seller assume no responsibility & make no guarantees as to the accuracy of info herein. Seller will accept cash, conventional, 203k offers only. No water activation allowed. Buyer pays entire transfer tax.

Last Agent to Sell the Property

Sherry Price

(770) 612-7322 sherry.price@RHSS.com RealHome Services and Solutions, Inc. License #654814 Listed on: 07/15/2016

Last Buyer's Agent

Eric Coaxum

(301) 580-2051 eric@coaxum.com Samson Properties License #502688

Samson Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,454

Year Built

  • Built in 1976

Lot Details

  • 1,585 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,320 Sq Ft Home
  • Property has 3 Levels
  • Combination Kitchen and Dining Room
  • Finished Basement
  • Connecting Stairway
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Lincoln Elementary School
  • West Frederick Middle School
  • Frederick High School

Utilities

  • Central Air
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 1102114852

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,454

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1976
  • Remarks Public: Auction property. 4.5% Buyer Premium charged buyer at closing. No inspection contingency accepted. REO Property sold As-Is w/o repair, warranty or Seller Disclosure. The Listing Broker & Seller assume no responsibility & make no guarantees as to the accuracy of info herein. Seller will accept cash, conventional, 203k offers only. No water activation allowed. Buyer pays entire transfer tax.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Combination Kitchen/Dining, Kitchen - Table Space
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 1320
  • Living Area Sq Ft: 1320
  • Price Per Sq Ft: 102.50
  • Above Grade Finished Sq Ft: 1320
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1602

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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
  • Senior Community: No

Schools

  • School District: FREDERICK COUNTY PUBLIC SCHOOLS
  • Elementary School: LINCOLN
  • Middle School: WEST FREDERICK
  • High School: FREDERICK
  • School District Key: 121139693024
  • Elementary School: LINCOLN
  • High School: FREDERICK
  • Middle Or Junior School: WEST FREDERICK

Lot Info

  • Improvement Assessed Value: 98500.00
  • Land Assessed Value: 40000.00
  • Lot Size Acres: 0.04
  • Lot Size Area: 1585
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1585.00
  • Property Attached Yn: Yes
  • Year Assessed: 2016
  • Zoning: R12
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11511465
  • Tax Annual Amount: 2453.80
  • Assessor Parcel Number: 1102114852
  • Tax Lot: 3
  • Tax Total Finished Sq Ft: 1320
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015
  • Close Date: 11/28/2016

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2016
Closed on
Nov 28, 2016
Sold by
Deutsche Bank Trust Comapny
Bought by
Dime Ale
Seller's Agent
Sherry Price
RealHome Services and Solutions, Inc.
Buyer's Agent
Eric Coaxum
Samson Properties
List Price
$135,300
Sold Price
$119,000
Premium/Discount to List
-$16,300
-12.05%
Current Estimated Value
$339,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,568
Avg. Annual Appreciation
12.49%
Original Mortgage
$49,000
Outstanding Balance
$41,066
Interest Rate
4.3%
Estimated Equity
$295,270

Purchase Details

Closed on
Dec 8, 2003
Sold by
Worrell Charles and Worrell Dorothy
Bought by
Jones Rudolph R and Jones Melrose S

Purchase Details

Closed on
Aug 19, 1996
Sold by
Albright Richard L and Albright Patricia M
Bought by
Worrell Charles and Worrell Dorothy

Purchase Details

Closed on
Dec 10, 1986
Sold by
Hanna Mark D and Hanna Karyn J
Bought by
Albright Richard L and Albright Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
9.3%
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
Dime Ale $119,000 None Available
Jones Rudolph R $137,000 --
Worrell Charles $95,000 --
Albright Richard L $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dime Ale $49,000
Previous Owner Albright Richard L $70,000
Closed Worrell Charles --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2016 11/28/16 Sold $119,000 -12.0% $90 / Sq Ft
10/18/2016 10/18/16 Pending -- -- --
10/05/2016 10/05/16 For Sale $135,300 0.0% $103 / Sq Ft
09/28/2016 09/28/16 Pending -- -- --
09/26/2016 09/26/16 For Sale $135,300 0.0% $103 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $135,300 -- $103 / 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 $4,385 $255,300 $75,000 $180,300
2024 $4,385 $234,433 $0 $0
2023 $3,927 $213,567 $0 $0
2022 $3,507 $192,700 $55,000 $137,700
2021 $3,407 $186,867 $0 $0
2020 $3,290 $181,033 $0 $0
2019 $3,186 $175,200 $40,000 $135,200
2018 $2,995 $162,967 $0 $0
2017 $2,749 $175,200 $0 $0
2016 $2,962 $138,500 $0 $0
2015 $2,962 $138,500 $0 $0
2014 $2,962 $138,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sherry Price

    RealHome Services and Solutions, Inc.

    (770) 612-7322

    746 Total Sales

    Sherry Price
    Section Image
  • Eric Coaxum

    Buyer's Agent in 2016

    Eric Coaxum

    Samson Properties

    (301) 580-2051

    97 Total Sales

    Eric Coaxum
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001207317

Bright MLS

APN: 02-114852

Maryland Frederick County Frederick 21702 Villa Estates

1602 Colonial Way, Frederick, MD

This home is located at 1602 Colonial Way, Frederick, MD 21702 since 15 July 2016 and is currently estimated at $339,568, approximately $257 per square foot. This property was built in 1976. 1602 Colonial Way is a home located in Frederick County with nearby schools including Lincoln Elementary School, West Frederick Middle School, and Frederick High School.

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