NOT LISTED FOR SALE

Estimated Value: $696,000 - $837,000

-- Bed
4 Baths
2,422 Sq Ft
$312/Sq Ft Est. Value

Last Sold April 19, 2023

Last sale price $700,000 $289 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,800/month

5 Days on Market

Highlights

  • 0.12 Acre Lot
  • 5 Car Detached Garage
  • Heat Pump System
  • Spring Ridge Elementary School Rated A-
  • Central Air
  • 2-minute walk to East 3rd Street Park

About This Home

As of April 2023

LOCATION LOCATION LOCATION! In the Heart of the Frederick Historical District.

Walk 2 blocks over to Market Street where all the shops, restaurants, galleries, entertainment areas, theatre, Carroll Creek, and nearby Baker Park!

Very Well Maintained Duplex / basically like 2 separate row houses, with a large fenced back yard and off street parking.

If facing the property, the LEFT SIDE is currently vacant and is what all the photographs are of. This unit consists of main level living-dining-kitchen, and upstairs are the 3 bedrooms, 2 bathrooms; should rent for approx 2200 per month. Hardwood floors just refinished, mostly new paint throughout, move in condition, OR move in/live in this side, and keep the other side rented for investment income, OR would make a great AirB&B, so many possibilities with this property.

The RIGHT SIDE (no photos) consists of 2 bedrooms both on 2nd level and 2 bathrooms, 1 bath being on first floor, and another on the second floor, and is currently rented on a month to month basis for $1200 which is low and should be adjusted. There are 5 garages out back (see disclosures for list of rental income on garages/$150 per garage). Situated on the corner of E 3rd and Chapel Alley, great for access to the off street parking and garages.

Last Agent to Sell the Property

Barbara Harshman

RE/MAX Results Listed on: 02/12/2023

RE/MAX Results

Last Buyer's Agent

Nancy Bowlus

RE/MAX Results License #40043

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,656

Year Built

  • Built in 1900

Lot Details

  • 5,073 Sq Ft Lot

Parking

  • 5 Car Detached Garage
  • Front Facing Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Side-by-Side
  • Brick Exterior Construction
  • Stone Foundation
  • Slate Roof

Unfinished Basement

  • Interior Basement Entry
  • Dirt Floor

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1102051532

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,656

Year Built

Built in 1900

Lot Details

0

Parking

5

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Side-By-Side
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: LOCATION LOCATION LOCATION! In the Heart of the Frederick Historical District. Walk 2 blocks over to Market Street where all the shops, restaurants, galleries, entertainment areas, theatre, Carroll Creek, and nearby Baker Park! Very Well Maintained Duplex / basically like 2 separate row houses, with a large fenced back yard and off street parking. If facing the property, the LEFT SIDE is currently vacant and is what all the photographs are of. This unit consists of main level living-dining-kitchen, and upstairs are the 3 bedrooms, 2 bathrooms; should rent for approx 2200 per month. Hardwood floors just refinished, mostly new paint throughout, move in condition, OR move in/live in this side, and keep the other side rented for investment income, OR would make a great AirB&B, so many possibilities with this property. The RIGHT SIDE (no photos) consists of 2 bedrooms both on 2nd level and 2 bathrooms, 1 bath being on first floor, and another on the second floor, and is currently rented on a month to month basis for $1200 which is low and should be adjusted. There are 5 garages out back (see disclosures for list of rental income on garages/$150 per garage). Situated on the corner of E 3rd and Chapel Alley, great for access to the off street parking and garages.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Dirt Floor, Interior Access, Unfinished
  • Total Sq Ft: 2799
  • Living Area Sq Ft: 2422
  • Price Per Sq Ft: 289.02
  • Above Grade Finished Sq Ft: 2422
  • Below Grade Sq Ft: 377
  • Total Below Grade Sq Ft: 377
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 201

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Slate
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 5.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 5
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Detached Garage, Off Street, On Street

Utilities

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

Schools

  • School District: FREDERICK COUNTY PUBLIC SCHOOLS
  • School District Key: 121139693024
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 413700.00
  • Land Assessed Value: 242600.00
  • Land Use Code: R
  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5073.00
  • Year Assessed: 2023
  • Zoning: DR
  • Zoning Description: HISTORICAL DISTRICT !!!!!
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11501665
  • Tax Annual Amount: 9656.00
  • Assessor Parcel Number: 1102051532
  • Tax Total Finished Sq Ft: 2422
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/19/2023

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2023
Closed on
Apr 19, 2023
Sold by
Peters Robert E
Bought by
Prawer Benjamin Amiel and Herzog Alexa Claire
Seller's Agent
Barbara Harshman
RE/MAX Results
Buyer's Agent
Nancy Bowlus
RE/MAX Results
List Price
$700,000
Sold Price
$700,000
Total Days on Market
5
Views
70
Current Estimated Value
$755,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,373
Avg. Annual Appreciation
3.60%
Original Mortgage
$560,000
Outstanding Balance
$544,847
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$210,526

Purchase Details

Listed on
Nov 15, 2012
Closed on
Jan 7, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Peters Robert E
Seller's Agent
Jeanne Pino
Real Estate Innovations
Buyer's Agent
David Winkelman
Real Estate Innovations
List Price
$220,000
Sold Price
$295,000
Premium/Discount to List
$75,000
34.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.78%

Purchase Details

Closed on
Jun 2, 2012
Sold by
Rappaport Yigal
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jan 26, 2005
Sold by
Segura Marianne
Bought by
Rappaport Yigal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,700
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2003
Sold by
Segura Joseph W and Segura Marianne
Bought by
Segura Marianne

Purchase Details

Closed on
Jun 10, 1997
Sold by
Shawmut Bank Connecticut Na
Bought by
Segura Joseph W and Segura Marianne

Purchase Details

Closed on
Jan 26, 1996
Sold by
Schwartz Gary
Bought by
Shawmut Bank Connecticut Na
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
Prawer Benjamin Amiel $700,000 None Listed On Document
Peters Robert E $295,000 None Available
Nationstar Mortgage Llc -- None Available
Aurora Loan Services Llc $234,623 None Available
Rappaport Yigal $561,000 --
Segura Marianne -- --
Segura Joseph W $145,000 --
Shawmut Bank Connecticut Na $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prawer Benjamin Amiel $560,000
Previous Owner Rappaport Yigal $64,000
Previous Owner Rappaport Yigal $512,000
Previous Owner Rappaport Yigal $392,700
Closed Segura Joseph W --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $700,000 0.0% $289 / Sq Ft
02/17/2023 02/17/23 Pending -- -- --
02/12/2023 02/12/23 For Sale $700,000 +137.3% $289 / Sq Ft
01/11/2013 01/11/13 Sold $295,000 +34.1% $121 / Sq Ft
11/28/2012 11/28/12 Pending -- -- --
11/15/2012 11/15/12 For Sale $220,000 -- $90 / 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 $9,506 $617,233 $0 $0
2023 $10,472 $578,167 $0 $0
2022 $9,742 $539,100 $242,600 $296,500
2021 $9,634 $532,467 $0 $0
2020 $9,478 $525,833 $0 $0
2019 $9,356 $519,200 $198,500 $320,700
2018 $9,216 $506,800 $0 $0
2017 $8,906 $519,200 $0 $0
2016 $8,362 $482,000 $0 $0
2015 $8,362 $459,300 $0 $0
2014 $8,362 $436,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR2031184

Bright MLS

APN: 02-051532