NOT LISTED FOR SALE

Estimated Value: $254,742 - $309,000

-- Bed
2 Baths
1,924 Sq Ft
$143/Sq Ft Est. Value

Last Sold December 22, 2020

Last sale price $179,900 $94 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,654/month

9 Days on Market

Highlights

  • 0.27 Acre Lot
  • No HOA
  • Shed
  • Cape Cod Architecture
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of December 2020

Well maintained rental property with a good return on investment! This duplex has a 2-bedroom unit on each floor. The 1st Floor Unit pays $850 per month and the 2nd Floor Unit pays $695 a month. Both have long term tenants, one for 10 years and one for 5 years. This property was completed renovated, with permits approximately 15 years ago. The water & sewer lines from the street to the house were replace approximately 17 years ago. The property includes stove, refrigerator, washer & dryer. The 1st floor unit has a large (fits 2 cars) detached garage and the 2nd floor unit has a large shed/garage. There's a heat pump, with central AC, on the 1st floor & baseboard heat, with window units, on the 2nd floor. This property is lead free and is register with the City of Hagerstown Rental Licensing Program.

Last Agent to Sell the Property

Preston Fouke

Real Estate Innovations License #WV0020829 Listed on: 10/11/2020

Real Estate Innovations

Last Buyer's Agent

James Gross

Absolute Real Estate License #525508

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,334

Year Built

  • Built in 1944 | Remodeled in 2005

Lot Details

  • 0.27 Acre Lot
  • Property is in very good condition

Parking

  • 2 Car Detached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • 1,924 Sq Ft Home
  • Duplex
  • Cape Cod Architecture
  • Vinyl Siding

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heat Pump System
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Stove
  • Shed
  • Basement

Listing and Financial Details

  • The owner pays for insurance, sewer, real estate taxes, water, repairs, advertising/licenses and permits
  • Tax Lot 2
  • Assessor Parcel Number 2225016998

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $18,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,334

Year Built

Built in 1944 | Remodeled in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2020-10-23
  • Year Built: 1944
  • Year Renovated: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: Well maintained rental property with a good return on investment! This duplex has a 2-bedroom unit on each floor. The 1st Floor Unit pays $850 per month and the 2nd Floor Unit pays $695 a month. Both have long term tenants, one for 10 years and one for 5 years. This property was completed renovated, with permits approximately 15 years ago. The water & sewer lines from the street to the house were replace approximately 17 years ago. The property includes stove, refrigerator, washer & dryer. The 1st floor unit has a large (fits 2 cars) detached garage and the 2nd floor unit has a large shed/garage. There's a heat pump, with central AC, on the 1st floor & baseboard heat, with window units, on the 2nd floor. This property is lead free and is register with the City of Hagerstown Rental Licensing Program.
  • Special Features: None

Interior Features

  • Appliances: Dryer, Refrigerator, Stove, Washer
  • Fireplace: No
  • Basement: Yes
  • Total Sq Ft: 1924
  • Living Area Sq Ft: 1924
  • Price Per Sq Ft: 93.50
  • Above Grade Finished Sq Ft: 1924
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 201

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Detached Garage, Off Street, On Street

Utilities

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

Condo/Co-op/Association

  • HOA: No

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: 71600.00
  • Land Assessed Value: 47000.00
  • Land Use Code: 110
  • Lot Size Acres: 0.27
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11613.00
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: RMOD
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Insurance, Sewer, Taxes - Real Estate, Water, Repairs, Advertising/Licenses And Permits
  • Total Actual Rent: 18540.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11624191
  • Tax Annual Amount: 2334.00
  • Assessor Parcel Number: 2225016998
  • Tax Lot: 2
  • Tax Total Finished Sq Ft: 1924
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 12/22/2020

Multi Family

  • Gross Scheduled Income: 18540.00

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2020
Closed on
Dec 22, 2020
Sold by
Smith Ronald L and Smith Kathryn J
Bought by
Graham Karen and Graham Stephen
Seller's Agent
Preston Fouke
Real Estate Innovations
Buyer's Agent
James Gross
Absolute Real Estate
List Price
$179,900
Sold Price
$179,900
Total Days on Market
9
Current Estimated Value
$274,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,286
Avg. Annual Appreciation
9.21%
Original Mortgage
$120,000
Outstanding Balance
$108,302
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$158,922

Purchase Details

Closed on
May 4, 2006
Sold by
Smith Ronald L and Smith Kathryn J
Bought by
Smith Ronald L

Purchase Details

Closed on
May 3, 2006
Sold by
Smith Ronald L and Smith Kathryn J
Bought by
Smith Ronald L

Purchase Details

Closed on
Aug 14, 1989
Sold by
Gladhill Mitchell L
Bought by
Smith Ronald L and Smith Kathryn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
9.96%
Source: Public Records

Range of Values:

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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
Graham Karen $179,900 Premier Stlmts & Ttl Svcs Ll
Smith Ronald L -- --
Smith Ronald L -- --
Smith Ronald L $62,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graham Karen $120,000
Previous Owner Smith Daniel Lee $140,000
Previous Owner Smith Ronald L $30,000
Previous Owner Smith Ronald L $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2020 12/22/20 Sold $179,900 0.0% $94 / Sq Ft
10/20/2020 10/20/20 Pending -- -- --
10/11/2020 10/11/20 For Sale $179,900 -- $94 / 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
2024 $1,461 $160,367 $0 $0
2023 $1,297 $142,333 $0 $0
2022 $1,132 $124,300 $47,000 $77,300
2021 $1,226 $122,400 $0 $0
2020 $1,122 $120,500 $0 $0
2019 $1,109 $118,600 $47,000 $71,600
2018 $1,188 $118,600 $47,000 $71,600
2017 $1,122 $118,600 $0 $0
2016 -- $120,000 $0 $0
2015 $2,337 $119,600 $0 $0
2014 $2,337 $119,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWA175224

Bright MLS

APN: 25-016998