$690,000
SOLD FEB 1, 2023

217 S 3rd St Denton, MD 21629

-- Bed
-- Bath
7,112 Sq Ft
0.31 Acres

Recently Sold

$97 Per Sq Ft

13% Below List Price

151 Days on Market

Highlights

  • Level Entry For Accessibility
  • Heating System Powered By Leased Propane
  • 4-minute walk to Caroline County Recreation

About This Home

As of February 2023

Rare opportunity to own a waterfront, 14-unit, residential rental property. Every unit is 2 bedroom, 1 bathroom. Each unit is metered separately. Tenants currently pay all utilities including gas, electric, water, and sewer. This block construction building is certified LEAD FREE on the entire complex. Don't miss this great opportunity that grosses over $100,000 per year.

Last Agent to Sell the Property

Jimmy Higgins

Benson & Mangold, LLC License #663268 Listed on: 08/19/2022

Benson & Mangold, LLC

Last Buyer's Agent

Joe Avampato

Alberti Realty, LLC License #RS-0037117

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,295

Year Built

  • Built in 1960

Home Design

  • 7,112 Sq Ft Home
  • Side-by-Side

Parking

  • 14 Parking Spaces
  • 14 Off-Street Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Powered By Leased Propane
  • Wall Furnace
  • Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • 0.31 Acre Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0603020495

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,295

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Side-By-Side
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Remarks Public: Rare opportunity to own a waterfront, 14-unit, residential rental property. Every unit is 2 bedroom, 1 bathroom. Each unit is metered separately. Tenants currently pay all utilities including gas, electric, water, and sewer. This block construction building is certified LEAD FREE on the entire complex. Don't miss this great opportunity that grosses over $100,000 per year.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Total Sq Ft: 7112
  • Living Area Sq Ft: 7112
  • Price Per Sq Ft: 111.78
  • Above Grade Finished Sq Ft: 7112
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 217

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 14
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 14

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit, Window Unit(s)
  • Heating Fuel: Propane - Leased
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: CAROLINE COUNTY PUBLIC SCHOOLS
  • School District Key: 121139029245
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 366100.00
  • Land Assessed Value: 45600.00
  • Land Use Code: M
  • Lot Size Acres: 0.31
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13650.00
  • Year Assessed: 2022
  • Zoning: MR
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 4488288
  • Tax Annual Amount: 7295.00
  • Assessor Parcel Number: 0603020495
  • Tax Total Finished Sq Ft: 7112
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/01/2023

MLS Schools

  • School District Name: CAROLINE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2022
Closed on
Feb 7, 2023
Sold by
Woods Samuel S
Bought by
Lynch Scott M
Seller's Agent
Michael Shipley
Benson & Mangold, LLC.
Buyer's Agent
Joelle Dolch
Cross Street Realtors LLC
List Price
$185,000
Sold Price
$190,550
Premium/Discount to List
$5,550
3%
Views
42
Current Estimated Value
$281,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,852
Avg. Annual Appreciation
17.10%
Original Mortgage
$190,550
Outstanding Balance
$185,382
Interest Rate
6.09%
Mortgage Type
VA
Estimated Equity
$96,020

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jul 30, 2021
Sold by
Wooters Tammy and Wooters Danielle
Bought by
Woods Samuel S
Seller's Agent
Destiny Collie
Chesapeake Real Estate Associates, LLC
Buyer's Agent
Kat Thompson
Benson & Mangold, LLC.
List Price
$170,000
Sold Price
$175,000
Premium/Discount to List
$5,000
2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
148.07%
Original Mortgage
$145,000
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2014
Closed on
Jan 16, 2015
Sold by
Ohio Investments Llc
Bought by
Wooters Tammy and Wooters Danielle
Seller's Agent
Karla Wieland-Cherry
Meredith Fine Properties
Buyer's Agent
Roger Boyce
Chesapeake Real Estate Associates, LLC
List Price
$79,900
Sold Price
$61,000
Premium/Discount to List
-$18,900
-23.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.51%

Purchase Details

Listed on
Oct 19, 2013
Closed on
May 5, 2014
Sold by
Secretary Of Housing & Urban Development
Bought by
Ohio Investments Llc
Seller's Agent
Barbara Blosser
Long & Foster Real Estate, Inc.
Buyer's Agent
Jeff George
Preferred Realty LLc
List Price
$160,000
Sold Price
$46,657
Premium/Discount to List
-$113,343
-70.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.66%
Original Mortgage
$37,325
Interest Rate
4.33%
Mortgage Type
Unknown

Purchase Details

Closed on
May 24, 2013
Sold by
Everbank
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jan 29, 2013
Sold by
Legendre Ritchie J
Bought by
Everbank

Purchase Details

Closed on
Feb 24, 2011
Sold by
Majeed Theresa M
Bought by
Legendre Ritchie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,704
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 2005
Sold by
Snead Kimberly J
Bought by
Majeed Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,998
Interest Rate
5.64%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2005
Sold by
Snead Kimberly J
Bought by
Majeed Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,998
Interest Rate
5.64%
Mortgage Type
FHA

Purchase Details

Closed on
May 24, 2002
Sold by
W & L Rentals Llc
Bought by
Snead Kimberly J

Purchase Details

Closed on
Sep 1, 2000
Sold by
Melvin Belinda E
Bought by
W & L Rentals Llc
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $190,550 Bay East Title
Deed $175,000 Evans Title Llc
Deed $61,000 None Available
Deed $46,657 King Title Company Inc
Special Warranty Deed -- None Available
Trustee Deed $133,000 None Available
Deed $130,000 --
Deed $155,000 --
Deed $155,000 --
Deed $110,700 --
Deed $38,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $190,550 VA
Previous Owner $145,000 New Conventional
Previous Owner $37,325 Unknown
Previous Owner $126,704 FHA
Previous Owner $250,000 Stand Alone Second
Previous Owner $152,998 FHA
Previous Owner $152,998 FHA
Closed -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2023 02/07/23 Sold $190,550 -72.4% $97 / Sq Ft
02/01/2023 02/01/23 Sold $690,000 +273.0% $97 / Sq Ft
12/14/2022 12/14/22 For Sale $185,000 -76.7% $95 / Sq Ft
08/19/2022 08/19/22 For Sale $795,000 +354.3% $112 / Sq Ft
07/30/2021 07/30/21 Sold $175,000 +2.9% $89 / Sq Ft
06/02/2021 06/02/21 Price Changed $170,000 0.0% $87 / Sq Ft
06/02/2021 06/02/21 For Sale $170,000 -2.9% $87 / Sq Ft
06/02/2021 06/02/21 Off Market $175,000 -- --
05/24/2021 05/24/21 Pending -- -- --
05/14/2021 05/14/21 Off Market $175,000 -- --
05/04/2021 05/04/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $180,000 +195.1% $92 / Sq Ft
01/20/2015 01/20/15 Sold $61,000 -12.7% $31 / Sq Ft
12/23/2014 12/23/14 Pending -- -- --
12/11/2014 12/11/14 Price Changed $69,900 -6.7% $36 / Sq Ft
11/10/2014 11/10/14 Price Changed $74,900 -6.3% $38 / Sq Ft
09/24/2014 09/24/14 For Sale $79,900 +71.2% $41 / Sq Ft
05/09/2014 05/09/14 Sold $46,657 -41.7% $24 / Sq Ft
04/09/2014 04/09/14 Pending -- -- --
04/04/2014 04/04/14 Price Changed $80,000 -28.6% $41 / Sq Ft
03/18/2014 03/18/14 Price Changed $112,000 -6.7% $57 / Sq Ft
02/06/2014 02/06/14 Price Changed $120,000 -6.3% $61 / Sq Ft
01/10/2014 01/10/14 Price Changed $128,000 +6.7% $65 / Sq Ft
01/07/2014 01/07/14 Price Changed $120,000 -14.8% $61 / Sq Ft
12/05/2013 12/05/13 Price Changed $140,800 -12.0% $72 / Sq Ft
10/19/2013 10/19/13 For Sale $160,000 -- $82 / 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 $3,239 $188,067 $0 $0
2023 $2,946 $168,133 $0 $0
2022 $2,626 $148,200 $50,200 $98,000
2021 $2,442 $141,867 $0 $0
2020 $2,442 $135,533 $0 $0
2019 $0 $129,200 $36,700 $92,500
2018 $2,315 $129,200 $36,700 $92,500
2017 $2,360 $129,200 $0 $0
2016 -- $134,700 $0 $0
2015 $2,224 $134,700 $0 $0
2014 $2,224 $134,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDCM2002132

Bright MLS

APN: 03-012433