NOT LISTED FOR SALE

242 E Church St Frederick, MD 21701

East Frederick Neighborhood

Estimated Value: $860,454

-- Bed
1 Bath
3,264 Sq Ft
$264/Sq Ft Est. Value

Last Sold March 30, 2012

Last sale price $460,000 $141 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $5,469/month

176 Days on Market

Highlights

  • No HOA
  • 5-minute walk to Frederick
  • Radiator
  • Spring Ridge Elementary School Rated A-
  • Central Air
  • 3-minute walk to East 3rd Street Park

About This Home

As of March 2012

REDUCED--Income producing property in Downtown Historic Frederick City with lots of off street parking. 3 Spacious apartments plus 1 commercial space. (Commercial space presently for lease) Each unit separately air conditioned. Walking distance to the MARC train. All units are in excellent condition. Could be converted back to single family home.

Last Agent to Sell the Property

Thomas Poss

(301) 514-4233 tmposs@theverdantcompanies.com Long & Foster Real Estate, Inc. License #MRIS:7291 Listed on: 08/05/2011

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Matthew Tomlinson

(240) 793-4633 matthewatomlinson@gmail.com Solara Realty

Solara Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,878

Year Built

  • Built in 1890

Lot Details

  • 5,777 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Basement

  • Partial Basement
  • Connecting Stairway

Parking

  • On-Street Parking
  • Off-Site Parking

Utilities

  • Central Air
  • Radiator
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 1102096684

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,878

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1890
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Connecting Stairway, Partial
  • Price Per Sq Ft: 153.16

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Site, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 292900.00
  • Land Assessed Value: 433200.00
  • Lot Size Acres: 0.13
  • Lot Size Area: 5777
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5777.00
  • Zoning: DB
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11505662
  • Tax Annual Amount: 10878.07
  • Assessor Parcel Number: 1102096684
  • Tax Lot: 2
  • Tax Year: 2009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2021
Sold by
Urban 242 Llc
Bought by
Lafayette Properties Llc
Current Estimated Value
$860,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Outstanding Balance
$499,973
Interest Rate
3.09%
Mortgage Type
Commercial
Estimated Equity
$360,481

Purchase Details

Listed on
Aug 5, 2011
Closed on
Mar 26, 2012
Sold by
Windolph Williams Farm Corporation
Bought by
Urban 242 Llc
Seller's Agent
Thomas Poss
Long & Foster Real Estate, Inc.
Buyer's Agent
Matthew Tomlinson
Solara Realty
List Price
$499,900
Sold Price
$460,000
Premium/Discount to List
-$39,900
-7.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.66%

Purchase Details

Closed on
Mar 9, 2006
Sold by
242/244 E Church Street Llc
Bought by
Windolph Williams Farm Corp

Purchase Details

Closed on
Feb 28, 2006
Sold by
242/244 E Church Street Llc
Bought by
Windolph Williams Farm Corp

Purchase Details

Closed on
Apr 8, 2005
Sold by
Segura Marianne
Bought by
242/244 E Church Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
6.16%

Purchase Details

Closed on
Nov 17, 2003
Sold by
Segura Marianne
Bought by
Segura Marianne

Purchase Details

Closed on
Dec 4, 1998
Sold by
Stapleton Constance
Bought by
Segura Marianne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Lafayette Properties Llc $725,000 None Available
Urban 242 Llc $460,000 Olde Towne Title Inc
Windolph Williams Farm Corp $775,000 --
Windolph Williams Farm Corp $775,000 --
242/244 E Church Street Llc $565,000 --
Segura Marianne -- --
Segura Marianne $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lafayette Properties Llc $543,750
Previous Owner 242/244 E Church Street Llc $452,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2012 03/30/12 Sold $460,000 -8.0% $141 / Sq Ft
01/28/2012 01/28/12 Pending -- -- --
08/05/2011 08/05/11 For Sale $499,900 -- $153 / 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 $11,684 $691,100 $326,400 $364,700
2024 $11,684 $623,833 $0 $0
2023 $10,162 $556,567 $0 $0
2022 $8,932 $489,300 $233,900 $255,400
2021 $8,636 $478,500 $0 $0
2020 $8,523 $467,700 $0 $0
2019 $8,328 $456,900 $233,900 $223,000
2018 $8,144 $456,567 $0 $0
2017 $8,289 $456,900 $0 $0
2016 $9,537 $455,900 $0 $0
2015 $9,537 $455,900 $0 $0
2014 $9,537 $455,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Thomas Poss

    Long & Foster

    Section Image
  • Matthew Tomlinson

    Buyer's Agent in 2012

    Matthew Tomlinson

    RE/MAX Crossroads

    (240) 793-4633

    20 Total Sales

    Matthew Tomlinson
    Section Image
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Map

Source: Bright MLS

MLS Number: 1004543466

Bright MLS

APN: 02-096684

Maryland Frederick County Frederick 21701 East Frederick

242 E Church St, Frederick, MD

Not Listed for Sale

MultiFamily

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