NOT LISTED FOR SALE

202 Franklin St Cambridge, MD 21613

Estimated Value: $96,592

-- Bed
0.5 Bath
3,312 Sq Ft
$29/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $90,000 $27 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $573/month

1 Day on Market

Highlights

  • Open Floorplan
  • No HOA
  • Level Entry For Accessibility
  • Attic
  • 1 Car Attached Garage
  • Heating System Uses Oil

About This Home

As of September 2023

202 Franklin Street is a warehouse located in a residential zone. It is approx. 35' x 95', with high ceilings and an attic for more space. Currently rented for $500/month, for half the space, the property can be delivered leased or vacant. Large, unique structure with endless possibilities. Located 2 blocks from Cambridge Creek and 3 blocks from the Franklin Street boat ramp, which will be a centerpiece of the Cambridge Harbor development. Located in an Opportunity Zone. Very well lit. Vacant lot next door is for sale. Unique property with tons of potential. Invest in Cambridge!

Last Agent to Sell the Property

Peter Mallios

(202) 374-0123 pmallios@summitcre.com Peter G. Mallios License #IB0098073 Listed on: 08/18/2023

Last Buyer's Agent

Peter Mallios

(202) 374-0123 pmallios@summitcre.com Peter G. Mallios License #IB0098073 Listed on: 08/18/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $758

Year Built

  • Built in 1935

Lot Details

  • 4,200 Sq Ft Lot
  • Zoning described as The property is in the Downtown/Waterfront Development District and is categorized as "Neighborhood", see zoning table for uses

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 0.5 Bathroom
  • 3,312 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Attic

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil

Community Details

  • No Home Owners Association
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1007107242

Home Details

Home Type

Single Family

Est. Annual Taxes

$758

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-08-31
  • Year Built: 1935
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Floor Plan - Open, Attic
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 3312
  • Living Area Sq Ft: 3312
  • Price Per Sq Ft: 25.66
  • Above Grade Finished Sq Ft: 3312
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 202

Beds/Baths

  • Total Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Built In
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Oil
  • Heating: Yes
  • 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: DORCHESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121139665361
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: C
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4200.00
  • Year Assessed: 2023
  • Zoning: D
  • Zoning Description: The property is in the Downtown/Waterfront Development District and is categorized as "Neighborhood", see zoning table for uses
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 6000.00
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 758.00
  • Assessor Parcel Number: 1007107242
  • Tax Total Finished Sq Ft: 3312
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/15/2023

MLS Schools

  • School District Name: DORCHESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2021
Sold by
Lomax James P
Bought by
Summit East Llc
Current Estimated Value
$96,592

Purchase Details

Closed on
Jun 18, 2001
Sold by
Collemer Laurena C L E
Bought by
Lomax James P

Purchase Details

Closed on
May 1, 1997
Sold by
Lucht Anton R
Bought by
Collemer Laurena C L E
Source: Public Records

Range of Values:

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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
Summit East Llc $36,000 Cambridge Title Company Llc
Lomax James P $15,000 --
Collemer Laurena C L E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2023 09/15/23 Sold $90,000 +5.9% $27 / Sq Ft
08/19/2023 08/19/23 Pending -- -- --
08/19/2023 08/19/23 Price Changed $85,000 -- $26 / 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 $789 $42,000 $21,000 $21,000
2024 $764 $41,667 $0 $0
2023 $764 $41,333 $0 $0
2022 $758 $41,000 $21,000 $20,000
2021 $741 $40,133 $0 $0
2020 $741 $39,267 $0 $0
2019 $732 $38,400 $21,000 $17,400
2018 $358 $38,400 $21,000 $17,400
2017 $706 $38,400 $0 $0
2016 -- $38,400 $0 $0
2015 -- $38,400 $0 $0
2014 -- $38,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDDO2005484

Bright MLS

APN: 07-107242