Seller's Agent in 2023
Roberto Gonzalez
RG Realty, Inc.
(301) 991-0207
84 in this area
183 Total Sales
220 Summit Ave Hagerstown, MD 21740
Central Neighborhood
Studio
--
Bath
2,992
Sq Ft
10,000
Sq Ft Lot
Highlights
- 3 Car Detached Garage
- 3 Attached Carport Spaces
- Electric Baseboard Heater
- Cooling System Mounted In Outer Wall Opening
About This Home
As of July 2023fantastic 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
(240) 203-6393 roberto@rgrealtyinc.com RG Realty, Inc. License #598229 Listed on: 03/16/2023
Last Buyer's Agent
(240) 203-6393 roberto@rgrealtyinc.com 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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| 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 | $2,781 | $322,000 | $41,000 | $281,000 |
| 2024 | $2,781 | $305,300 | $0 | $0 |
| 2023 | $2,629 | $288,600 | $0 | $0 |
| 2022 | $2,477 | $271,900 | $41,000 | $230,900 |
| 2021 | $2,694 | $261,000 | $0 | $0 |
| 2020 | $2,328 | $250,100 | $0 | $0 |
| 2019 | $2,237 | $239,200 | $41,000 | $198,200 |
| 2018 | $2,469 | $239,200 | $41,000 | $198,200 |
| 2017 | $2,266 | $239,200 | $0 | $0 |
| 2016 | -- | $242,400 | $0 | $0 |
| 2015 | $4,802 | $239,267 | $0 | $0 |
| 2014 | $4,802 | $236,133 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Roberto Gonzalez
Map
Source: Bright MLS
MLS Number: MDWA2013716
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