NOT LISTED FOR SALE

225 Charles St Cumberland, MD 21502

Estimated Value: $90,000 - $116,855

Studio
4 Baths
3,195 Sq Ft
$32/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $75,000 $23 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $585/month

7 Days on Market

Highlights

  • City View
  • Cooling Available
  • Electric Baseboard Heater
  • Wood Flooring
  • Ceiling Fan

About This Home

As of February 2022

AMAZING INVESTMENT OPPORTUNITY! LOCATED IN DOWNTOWN CUMBERLAND, THIS TRIPLEX FEATURES 2-1 BED/ 1 FULL BATH & 1-3 BEDROOMS/ 1 FULL BATH. CURRENTLY, UNIT 225-B HAS A LONG TERM TENANT PAYING $500 PER MONTH. POTENTIAL TOTAL INCOME IS $1,650. TENANTS PAY ALL UTILITIES EXCEPT WATER. LIVE IN ONE UNIT AND LET THE OTHER UNITS PAY YOUR MORTGAGE! UNIT 223 HAS BEEN FRESHLY PAINTED AND HAS NEWER LAMINATE FLOORING IN LIVING ROOM AND A SEPARATE DINING ROOM. UNFINISHED BASEMENT. THIS PROPERTY IS IN CLOSE PROXIMITY TO HOSPITAL, FOOD AND SHOPPING. CALL TODAY TO SCHEDULE A TOUR. PRICED TO SELL!

Last Agent to Sell the Property

Pam Terry

(888) 860-7369 md.broker@exprealty.net EXP Realty, LLC Listed on: 01/25/2022

EXP Realty, LLC

Last Buyer's Agent

Pam Terry

(888) 860-7369 md.broker@exprealty.net EXP Realty, LLC Listed on: 01/25/2022

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 1,972 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Side-by-Side
  • Brick Exterior Construction
  • Block Foundation
  • Stone Foundation
  • Plaster Walls

Interior Spaces

  • 3,195 Sq Ft Home
  • Ceiling Fan
  • City Views
  • Unfinished Basement

Flooring

  • Wood
  • Laminate

Utilities

  • Cooling Available
  • Radiator
  • Heating System Uses Natural Gas
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 0123013312

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Side-By-Side
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Laminate Plank, Wood
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls, Dry Wall
  • Foundation Details: Block, Stone
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3195
  • Living Area Sq Ft: 3195
  • Price Per Sq Ft: 28.14
  • Above Grade Finished Sq Ft: 3195
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1972.00
  • Property Condition: Good
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Water
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1969.00
  • Assessor Parcel Number: 0123013312
  • Tax Year: 2021

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2022
Closed on
Feb 17, 2022
Sold by
Hong Ma
Bought by
Cohen Inbar Medical Llc
Seller's Agent
Pam Terry
EXP Realty, LLC
Buyer's Agent
Pam Terry
EXP Realty, LLC
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%
Current Estimated Value
$102,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,464
Avg. Annual Appreciation
8.11%

Purchase Details

Closed on
Jul 31, 2007
Sold by
Stahlman Kurt A and Stahlman Tessa S
Bought by
Ma Hon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2007
Sold by
Stahlman Kurt A and Stahlman Tessa S
Bought by
Ma Hon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2006
Sold by
Miller James W
Bought by
Stahlman Kurt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,800
Interest Rate
6.45%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Cohen Inbar Medical Llc $75,000 None Listed On Document
Ma Hon $120,000 --
Ma Hon $120,000 --
Stahlman Kurt $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ma Hon $90,000
Previous Owner Ma Hon $90,000
Previous Owner Stahlman Kurt $60,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $75,000 -16.6% $23 / Sq Ft
01/25/2022 01/25/22 For Sale $89,900 -- $28 / 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 $632 $69,000 $1,700 $67,300
2024 $646 $69,000 $1,700 $67,300
2023 $914 $98,300 $1,700 $96,600
2022 $912 $98,300 $1,700 $96,600
2021 $919 $98,300 $1,700 $96,600
2020 $922 $99,300 $1,700 $97,600
2019 $928 $99,300 $1,700 $97,600
2018 $936 $99,300 $1,700 $97,600
2017 $972 $105,600 $0 $0
2016 $982 $102,467 $0 $0
2015 $929 $99,333 $0 $0
2014 $929 $96,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pam Terry

    Seller's Agent in 2022

    Pam Terry

    EXP Realty, LLC

    (301) 697-1442

    348 Total Sales

    Pam Terry
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Map

Source: Bright MLS

MLS Number: MDAL2002106

Bright MLS

APN: 23-013312

Maryland Allegany County Cumberland 21502

225 Charles St, Cumberland, MD

Not Listed for Sale

MultiFamily

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