NOT LISTED FOR SALE

220 Summit Ave Hagerstown, MD 21740

Central Neighborhood
-- Bed
-- Bath
2,992 Sq Ft
10,000 Sq Ft Lot

Last Sold July 28, 2023

Last sale price $530,000 $177 Per Sq Ft

97 Days on Market

Highlights

  • 3 Car Detached Garage
  • 3 Attached Carport Spaces
  • Electric Baseboard Heater

About This Home

As of July 2023

fantastic value-add property in Hagerstown. This property is strategically located next to the soon-to-be-built Hagerstown Multi-Use Sports and Events Facility stadium, and just a block away from the beautiful Hagerstown City Park. The location of this property offers residents easy access to recreational activities, shopping, dining, and entertainment.

The property comprises of 8 well-designed one-bedroom, one-bathroom apartments, each with their own electric meter. The layout of each apartment is highly functional, providing comfortable living spaces for residents. In addition to the apartments, there are 4 carports and 3 garages, providing ample parking for residents and their guests.

This property has immense potential for value appreciation, with the upcoming development of the sports and events facility, which is sure to attract visitors from across the region. The location of the property makes it highly desirable for tenants seeking comfortable and convenient living spaces.

The property is being sold along with the adjacent 12-unit apartment building located at 224-226 Summit, providing a total of 20 units for investment. The opportunity to purchase both properties provides an investor with the potential to create a larger and more profitable rental portfolio.

Overall, this property is an excellent investment opportunity, with the potential for strong rental income and capital appreciation in the coming years. Don't miss this chance to own a highly desirable value-add property in the heart of Hagerstown.

Last Agent to Sell the Property

Roberto Gonzalez

RG Realty, Inc. License #598229 Listed on: 03/16/2023

Last Buyer's Agent

Roberto Gonzalez

RG Realty, Inc. License #598229 Listed on: 03/16/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,778

Year Built

  • Built in 1913

Lot Details

  • 10,000 Sq Ft Lot

Parking

  • 3 Car Detached Garage
  • 3 Attached Carport Spaces
  • Alley Access

Home Design

  • Brick Exterior Construction
  • Permanent Foundation
  • Block Foundation

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 2225021355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,778

Year Built

Built in 1913

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Foundation Details: Permanent, Block
  • Total Sq Ft: 3722
  • Living Area Sq Ft: 2992
  • Price Per Sq Ft: 280.75
  • Above Grade Finished Sq Ft: 2992
  • Below Grade Sq Ft: 730
  • Total Below Grade Sq Ft: 730
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 220-222

Exterior Features

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

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Attached Carport Spaces: 3
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Alley, Attached Carport, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: WASHINGTON COUNTY PUBLIC SCHOOLS
  • School District Key: 121138761341
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10000.00
  • Year Assessed: 2023
  • Zoning: RMED
  • In City Limits: Yes

Rental Info

  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2778.00
  • Assessor Parcel Number: 2225021355
  • Tax Lot: 2
  • Tax Total Finished Sq Ft: 2992
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 07/28/2023

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $530,000 -36.9% $177 / Sq Ft
03/16/2023 03/16/23 For Sale $840,000 -- $281 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Roberto Gonzalez

    Seller's Agent in 2023

    Roberto Gonzalez

    RG Realty, Inc.

    (301) 991-0207

    90 in this area

    196 Total Sales

    Roberto Gonzalez
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Map

Source: Bright MLS

MLS Number: MDWA2013716

Bright MLS
Maryland Washington County Hagerstown 21740 Central

220 Summit Ave, Hagerstown, MD

This home is located at 220 Summit Ave, Hagerstown, MD 21740 since 16 March 2023. This property was built in 1913. 220 Summit Ave is a home located in Washington County with nearby schools including Bester Elementary School, E. Russell Hicks Middle School, and South Hagerstown High School.

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