NOT LISTED FOR SALE

202 W Water St Centreville, MD 21617

Estimated Value: $389,000 - $489,000

-- Bed
-- Bath
3,000 Sq Ft
$148/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $185,500 $62 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $2,732/month

167 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Heat Pump System

About This Home

As of May 2021

Here is your opportunity to own two 2 br 1 ba and two 1 br 1 ba residential rentals in one building!! Located in downtown Centreville close to shopping, restaurants and amenities. Total of 4 rental units in this building.

Last Agent to Sell the Property

Jim Davidson

(443) 336-3070 jimd@watermanrealty.com Coldwell Banker Waterman Realty Listed on: 05/08/2020

Coldwell Banker Waterman Realty

Last Buyer's Agent

Kaitlyn Collins

(410) 490-9157 kaitlyncollins.re@gmail.com Benson & Mangold, LLC License #671343

Benson & Mangold, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,945

Year Built

  • Built in 1900

Lot Details

  • 2,653 Sq Ft Lot

Home Design

  • 3,000 Sq Ft Home
  • Quadruplex
  • Colonial Architecture

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 1803001091

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,945

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 78.33
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 185.40
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 219200.00
  • Land Assessed Value: 85000.00
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2653.00
  • Zoning: R-2
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4514725
  • Tax Annual Amount: 3945.00
  • Assessor Parcel Number: 1803001091
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2020
Closed on
May 28, 2021
Sold by
Wrl Properties Llc
Bought by
Klp Investments Llc
Seller's Agent
Jim Davidson
Coldwell Banker Waterman Realty
Buyer's Agent
Kaitlyn Collins
Benson & Mangold, LLC
List Price
$275,000
Sold Price
$185,500
Premium/Discount to List
-$89,500
-32.55%
Current Estimated Value
$445,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,833
Avg. Annual Appreciation
21.59%
Original Mortgage
$774,800
Outstanding Balance
$701,485
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
-$256,152

Purchase Details

Closed on
Feb 1, 2008
Sold by
Itec Communications Llc
Bought by
County Commissioners Of and Queen Anne'S County The

Purchase Details

Closed on
May 2, 1988
Sold by
Beamer Charles L
Bought by
Streett Joseph I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,797
Interest Rate
10.28%

Purchase Details

Closed on
Sep 4, 1981
Sold by
Ashley Sydney G
Bought by
Beamer Charles L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,999
Interest Rate
17.79%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Klp Investments Llc $371,000 Newlyn Ttl Assurance Co Inc
County Commissioners Of $1,035,000 --
Streett Joseph I $175,000 --
Beamer Charles L $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klp Investments Llc $774,800
Previous Owner Streett Joseph I $135,797
Previous Owner Beamer Charles L $104,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $185,500 -21.1% $62 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
10/10/2020 10/10/20 Price Changed $235,000 -2.1% $78 / Sq Ft
09/02/2020 09/02/20 Price Changed $240,000 -4.0% $80 / Sq Ft
06/10/2020 06/10/20 Price Changed $250,000 -9.1% $83 / Sq Ft
05/08/2020 05/08/20 For Sale $275,000 -- $92 / 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 $4,618 $342,800 $90,000 $252,800
2024 $5,070 $376,400 $115,000 $261,400
2023 $4,746 $352,333 $0 $0
2022 $4,422 $328,267 $0 $0
2021 $4,150 $304,200 $85,000 $219,200
2020 $3,760 $301,667 $0 $0
2019 $3,725 $299,133 $0 $0
2018 $4,046 $296,600 $103,200 $193,400
2017 $3,487 $285,133 $0 $0
2016 -- $273,667 $0 $0
2015 $3,354 $262,200 $0 $0
2014 $3,354 $262,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Davidson

    Seller's Agent in 2021

    Jim Davidson

    Coldwell Banker Waterman Realty

    (443) 336-3070

    5 in this area

    78 Total Sales

    Jim Davidson
    Section Image
  • Kaitlyn Collins

    Buyer's Agent in 2021

    Kaitlyn Collins

    Benson & Mangold, LLC

    (410) 490-9157

    13 in this area

    155 Total Sales

    Kaitlyn Collins
    Section Image
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Map

Source: Bright MLS

MLS Number: MDQA143880

Bright MLS

APN: 03-001091

Maryland Queen Annes County Centreville 21617

202 W Water St, Centreville, MD

Not Listed for Sale

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