NOT LISTED FOR SALE

21 Locust St Cumberland, MD 21502

Estimated Value: $85,000 - $118,000

-- Bed
2 Baths
1,296 Sq Ft
$75/Sq Ft Est. Value

Last Sold February 15, 2018

Last sale price $40,000 $31 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $557/month

Highlights

  • 1 Fireplace
  • Cooling Available
  • Ceiling Fan
  • No HOA
  • Level Entry For Accessibility
  • Electric Baseboard Heater

About This Home

As of February 2018

Very nice 2-One Bedroom Units*Income producing*Property is fully rented. Above and below units*Lower level is walk out w/ no stairs rents for $475*2nd flr unit has small set of stairs at rear of home,rents for $575*Located in the west side of Cumberland*Easy commuter location*Must give tenants 24 hour notice for all showings*There's a property manager*Owner pays for gas which is only for hot water

Last Agent to Sell the Property

Deanne Miles

(240) 675-6734 Dmiles@reimove.com Real Estate Innovations License #WVS230302957 Listed on: 02/12/2017

Last Buyer's Agent

Aaron Hendrickson

(301) 707-4675 aaron@carterandroque.com The Goodfellow Agency License #WVS210301490

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $982

Year Built

  • Built in 1920

Lot Details

  • 1,960 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • 1 Fireplace
  • Storm Doors

Unfinished Basement

  • Partial Basement
  • Walk-Up Access
  • Rear Basement Entry

Parking

  • On-Street Parking
  • Parking Space Conveys

Accessible Home Design

  • Level Entry For Accessibility

Schools

  • West Side Elementary School
  • Braddock Middle School
  • Allegany High School

Utilities

  • Cooling Available
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0106009093

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$982

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Expected On Market: 2017-02-12
  • Year Built: 1920
  • Remarks Public: Very nice 2-One Bedroom Units*Income producing*Property is fully rented. Above and below units*Lower level is walk out w/ no stairs rents for $475*2nd flr unit has small set of stairs at rear of home,rents for $575*Located in the west side of Cumberland*Easy commuter location*Must give tenants 24 hour notice for all showings*There's a property manager*Owner pays for gas which is only for hot water
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Basement: Yes
  • Basement Type: Rear Entrance, Outside Entrance, Partial, Unfinished, Walkout Stairs
  • Price Per Sq Ft: 34.34
  • Street Number Modifier: 21

Exterior Features

  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Parking Space Conveys
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: ALLEGANY COUNTY PUBLIC SCHOOLS
  • Elementary School: WEST SIDE
  • Middle School: BRADDOCK
  • High School: ALLEGANY
  • School District Key: 121140562208
  • Elementary School: WEST SIDE
  • High School: ALLEGANY
  • Middle Or Junior School: BRADDOCK

Lot Info

  • Improvement Assessed Value: 45500.00
  • Land Assessed Value: 6000.00
  • Lot Size Acres: 0.04
  • Lot Size Area: 1960
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1960.00
  • Possible Use: Residential
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Year Assessed: 2016
  • Zoning: R
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14911717
  • Tax Annual Amount: 982.45
  • Assessor Parcel Number: 0106009093
  • Tax Total Finished Sq Ft: 1296
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 02/15/2018

Multi Family

  • Gross Income: 9600.00
  • Operating Expense: 800.00

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2017
Closed on
Feb 15, 2018
Sold by
Gadway Real Estate Holdings Llc
Bought by
Hunter Cameron and Hunter Emily
Seller's Agent
Deanne Miles
Real Estate Innovations
Buyer's Agent
Aaron Hendrickson
The Goodfellow Agency
List Price
$44,921
Sold Price
$40,000
Premium/Discount to List
-$4,921
-10.95%
Current Estimated Value
$97,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,204
Avg. Annual Appreciation
12.24%

Purchase Details

Listed on
Jan 17, 2014
Closed on
Mar 11, 2014
Sold by
Fannie Mae
Bought by
Gadway Real Estate Holdings Llc
Seller's Agent
Jeanne Pino
Real Estate Innovations
Buyer's Agent
Deanne Miles
Real Estate Innovations
List Price
$26,000
Sold Price
$22,000
Premium/Discount to List
-$4,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.43%

Purchase Details

Listed on
Jan 17, 2014
Closed on
Feb 26, 2014
Sold by
Callahan Kathie L
Bought by
Federal National Mortgage Association
Seller's Agent
Jeanne Pino
Real Estate Innovations
Buyer's Agent
Deanne Miles
Real Estate Innovations
List Price
$26,000
Sold Price
$22,000
Premium/Discount to List
-$4,000
-15.38%

Purchase Details

Closed on
Jan 24, 2008
Sold by
Wade Douglas G and Wade Jo A
Bought by
Callahan Kathie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,900
Interest Rate
6.21%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 27, 2007
Sold by
Wade Douglas G and Wade Jo A
Bought by
Callahan Kathie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,900
Interest Rate
6.21%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 20, 2005
Sold by
Good Deal Properties
Bought by
Wade Douglas

Purchase Details

Closed on
Sep 24, 1998
Sold by
Freeland Shawn and Simonds Sheila
Bought by
Good Deal Properties
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
Hunter Cameron $40,000 None Available
Gadway Real Estate Holdings Llc $22,000 None Available
Federal National Mortgage Association $60,000 None Available
Callahan Kathie L $61,000 --
Callahan Kathie L $61,000 --
Wade Douglas $37,000 --
Good Deal Properties $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Callahan Kathie L $54,900
Previous Owner Callahan Kathie L $54,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2018 02/15/18 Sold $40,000 -10.1% $31 / Sq Ft
01/05/2018 01/05/18 Pending -- -- --
10/29/2017 10/29/17 Price Changed $44,499 -0.6% $34 / Sq Ft
04/13/2017 04/13/17 Price Changed $44,750 -0.4% $35 / Sq Ft
02/12/2017 02/12/17 For Sale $44,921 +104.2% $35 / Sq Ft
03/14/2014 03/14/14 Sold $22,000 -15.4% $17 / Sq Ft View Prior Sale
03/04/2014 03/04/14 Pending -- -- --
01/17/2014 01/17/14 For Sale $26,000 -- $20 / 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 $513 $55,933 $0 $0
2024 $450 $48,067 $0 $0
2023 $374 $40,200 $6,000 $34,200
2022 $371 $39,933 $0 $0
2021 $371 $39,667 $0 $0
2020 $482 $39,400 $6,000 $33,400
2019 $365 $39,400 $6,000 $33,400
2018 $371 $39,400 $6,000 $33,400
2017 $485 $51,500 $0 $0
2016 $490 $51,100 $0 $0
2015 $486 $50,700 $0 $0
2014 $486 $50,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000127975

Bright MLS

APN: 06-009093