NOT LISTED FOR SALE

230 S Market St Frederick, MD 21701

Carrollton Neighborhood

Estimated Value: $556,659 - $649,000

-- Bed
3 Baths
2,880 Sq Ft
$204/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $550,000 $191 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,617/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Historic Home
  • 3-minute walk to City of Frederick Dog Park
  • Spring Ridge Elementary School Rated A-
  • Radiator

About This Home

As of June 2024

Wonderful three-unit apartment building in Downtown Frederick. Steps to MSD and the center of Downtown. Great opportunity to live in one unit and rent the other two, or rent all three! The floor plan of each unit is available in the photos. The building has been owned by the sellers since the 1960's. They used the building as a living space for their staff. The monthly rent amount collected is below market value. There are no written leases in place currently, only verbal. Unit 1 is unoccupied (includes washer/dryer in unit). Unit 2 is occupied at $750 a month and Unit 3 is occupied at $850 a month (the washer/dryer for units 2 & 3 are on the lower level). Heat is included with current rent amounts. In the winter gas runs about $600 a month. Water is also included in the current rent at $200 every quarter. The market value for rent for Units 1 & 2 is about $1450 per month and Unit 3 is about $1550 per month. Each unit is separately metered with individual electric meters. The building owner does pay for power for the water heater and shared areas, which is about $188 every month. Sellers will convey property occupied with current tenants and arrangements. Disclosures in the MLS. Please allow 24 hours for showing requests.

Last Agent to Sell the Property

Bobbi Prescott

(301) 514-6163 bobbiprescott@gmail.com RE/MAX Results License #0225269161 Listed on: 04/18/2024

RE/MAX Results

Last Buyer's Agent

Rose Creasey

(240) 439-9147 1rosecreasey@gmail.com Turning Point Real Estate

Turning Point Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,660

Year Built

  • Built in 1865

Lot Details

  • 3,348 Sq Ft Lot
  • Historic Home

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation

Schools

  • Spring Ridge Elementary School
  • Gov. Thomas Johnson Middle School
  • Gov. Thomas Johnson High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1102104016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,660

Year Built

Built in 1865

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: Yes
  • New Construction: No
  • Expected On Market: 2024-04-18
  • Year Built: 1865
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 3840
  • Living Area Sq Ft: 2880
  • Price Per Sq Ft: 194.44
  • Above Grade Finished Sq Ft: 2880
  • Below Grade Sq Ft: 960
  • Total Below Grade Sq Ft: 960
  • Above Grade Finished Area Units: Square Feet

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: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: SPRING RIDGE
  • High School: GOV. THOMAS JOHNSON
  • Middle Or Junior School: GOV. THOMAS JOHNSON

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3348.00
  • Zoning: DR
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: None
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5660.00
  • Assessor Parcel Number: 1102104016
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
Jun 17, 2024
Sold by
Sanbower C Robert C and Sanbower Sue Ann
Bought by
George Gundest
Seller's Agent
Bobbi Prescott
RE/MAX Results
Buyer's Agent
Rose Creasey
Turning Point Real Estate
List Price
$560,000
Sold Price
$550,000
Premium/Discount to List
-$10,000
-1.79%
Views
47
Current Estimated Value
$587,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,415
Avg. Annual Appreciation
4.61%
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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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
George Gundest $550,000 Keystone Title
Gundest George $550,000 Keystone Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2024 06/17/24 Sold $550,000 -1.8% $191 / Sq Ft
04/21/2024 04/21/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $560,000 -- $194 / 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 $6,293 $362,300 $133,400 $228,900
2024 $6,293 $338,567 $0 $0
2023 $5,748 $314,833 $0 $0
2022 $5,253 $291,100 $123,300 $167,800
2021 $4,892 $270,467 $0 $0
2020 $4,507 $249,833 $0 $0
2019 $4,140 $229,200 $60,600 $168,600
2018 $4,049 $222,067 $0 $0
2017 $3,883 $229,200 $0 $0
2016 $3,731 $207,800 $0 $0
2015 $3,731 $205,667 $0 $0
2014 $3,731 $203,533 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bobbi Prescott

    Seller's Agent in 2024

    Bobbi Prescott

    RE/MAX

    (301) 514-6163

    5 in this area

    261 Total Sales

    Bobbi Prescott
    Section Image
  • Rose Creasey

    Buyer's Agent in 2024

    Rose Creasey

    Turning Point Real Estate

    (240) 439-9147

    2 in this area

    36 Total Sales

    Rose Creasey
    Section Image
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Map

Source: Bright MLS

MLS Number: MDFR2046960

Bright MLS

APN: 02-104016

Maryland Frederick County Frederick 21701 Carrollton

230 S Market St, Frederick, MD

Not Listed for Sale

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