$267,000
SOLD MAY 6, 2025

242 E Main St Frostburg, MD 21532

-- Bed
-- Bath
2,666 Sq Ft
9,075 Sq Ft Lot

Recently Sold

$100 Per Sq Ft

18% Below List Price

55 Days on Market

Highlights

  • Second Kitchen
  • Mountain View
  • Solid Hardwood Flooring
  • Colonial Architecture
  • Mountainous Lot
  • Attic

About This Home

As of May 2025

Calling all INVESTORS!!! Looking for a prime investment?? Don't miss on the opportunity to see this turnkey property. This triplex would be the perfect addition to your rental portfolio, and it's located in heart of Frostburg! This unit generates close to $3,000/month. The three units are fully rented with long term tenants. The main unit features 3 bedrooms, one bath, kitchen, living, dining room and full basement with laundry. The second and third units feature one bedroom, one bathroom, a kitchen and a living room. These units share a furnace. There is a large back yard that leads to off street parking in the back of the unit with room for 3 cars.Unit 2 and 3 have the same layout.

Last Agent to Sell the Property

Jennifer Jackson

Charis Realty Group License #RSR005314 Listed on: 01/31/2025

Charis Realty Group

Last Buyer's Agent

Brianna Buckel

The Goodfellow Agency License #5002829

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,934

Year Built

  • Built in 1875 | Remodeled in 2009

Lot Details

  • 9,075 Sq Ft Lot
  • Mountainous Lot
  • Back Yard
  • Property is in very good condition

Home Design

  • Triplex
  • Colonial Architecture
  • Converted Dwelling
  • Block Foundation
  • Stone Foundation
  • Poured Concrete
  • Plaster Walls
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Mountain Views
  • Improved Basement
  • Side Exterior Basement Entry
  • Attic

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher

Flooring

  • Solid Hardwood
  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • 3 Off-Street Spaces
  • Parking Lot

Outdoor Features

  • Porch

Schools

  • Beall Elementary School
  • Mount Savage Middle School
  • Mountain Ridge High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Multi-Tank Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 0112010958

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,934

Year Built

Built in 1875 | Remodeled in 2009

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Converted Dwelling, Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1875
  • Year Renovated: 2009
  • Automatically Close On Close Date: No
  • Remarks Public: Calling all INVESTORS!!! Looking for a prime investment?? Don't miss on the opportunity to see this turnkey property. This triplex would be the perfect addition to your rental portfolio, and it's located in heart of Frostburg! This unit generates close to $3,000/month. The three units are fully rented with long term tenants. The main unit features 3 bedrooms, one bath, kitchen, living, dining room and full basement with laundry. The second and third units feature one bedroom, one bathroom, a kitchen and a living room. These units share a furnace. There is a large back yard that leads to off street parking in the back of the unit with room for 3 cars. Unit 2 and 3 have the same layout.
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer
  • Flooring Type: Solid Hardwood, Vinyl, Carpet
  • Interior Amenities: Attic, 2nd Kitchen, Kitchen - Eat-In
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls, 9'+ Ceilings, Tray Ceilings
  • Foundation Details: Stone, Block
  • Room Count: 10
  • Basement: Yes
  • Basement Type: Poured Concrete, Improved, Outside Entrance, Side Entrance
  • Total Sq Ft: 3999
  • Living Area Sq Ft: 2666
  • Price Per Sq Ft: 108.78
  • Above Grade Finished Sq Ft: 2666
  • Below Grade Sq Ft: 1333
  • Total Below Grade Sq Ft: 1333
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 242-244

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Vinyl Siding
  • Road Surface Type: Black Top
  • Roof: Asphalt
  • Spa: No
  • View: Mountain
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street, Parking Lot
  • Off Street Parking Spaces: 3

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Multi-Tank, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: ALLEGANY COUNTY PUBLIC SCHOOLS
  • Elementary School: BEALL
  • Middle School: MOUNT SAVAGE
  • High School: MOUNTAIN RIDGE
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140562208
  • School District Source: Listing Agent
  • Elementary School: BEALL
  • High School: MOUNTAIN RIDGE
  • Middle Or Junior School: MOUNT SAVAGE

Lot Info

  • Land Use Code: R
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.21
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9075.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good
  • Year Assessed: 2024
  • Zoning: R2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1934.00
  • Assessor Parcel Number: 0112010958
  • Tax Lot: 17
  • Tax Total Finished Sq Ft: 2666
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 05/06/2025

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2025
Closed on
May 7, 2025
Sold by
Levitt Matthew L
Bought by
Mount West Llc
Seller's Agent
Jennifer Jackson
Charis Realty Group
Buyer's Agent
Brianna Buckel
The Goodfellow Agency
List Price
$325,000
Sold Price
$267,000
Premium/Discount to List
-$58,000
-17.85%
Views
34
Current Estimated Value
$266,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$665
Avg. Annual Appreciation
-0.69%
Original Mortgage
$213,000
Outstanding Balance
$212,269
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$54,066

Purchase Details

Listed on
Mar 5, 2023
Closed on
Aug 14, 2023
Sold by
Cityscape Landmark Llc
Bought by
Levitt Matthew L
Seller's Agent
Joanna Fischer
EXP Realty, LLC
Buyer's Agent
Joanna Fischer
EXP Realty, LLC
List Price
$290,000
Sold Price
$227,000
Premium/Discount to List
-$63,000
-21.72%
Views
341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.84%
Original Mortgage
$136,200
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2022
Closed on
Jan 31, 2023
Sold by
Ketterman Jesse M and Ketterman Lynn
Bought by
Cityscape Landmark Llc
Seller's Agent
Donny Carter
Better Homes & Gardens Real Estate Old Line Group
Buyer's Agent
Heather Brailer
Charis Realty Group
List Price
$165,000
Sold Price
$155,200
Premium/Discount to List
-$9,800
-5.94%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
102.21%
Original Mortgage
$124,160
Interest Rate
6.48%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 5, 2011
Sold by
Caton Clifford Michael
Bought by
Ketterman Jesse M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 30, 1994
Sold by
Bender George V
Bought by
Caton Clifford Michael

Purchase Details

Closed on
Mar 1, 1983
Sold by
Lepley Clinton L
Bought by
Bender George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
12.98%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $267,000 None Listed On Document
Deed $267,000 None Listed On Document
Deed $227,000 None Listed On Document
Deed $227,000 None Listed On Document
Special Warranty Deed $160,000 --
Deed $150,000 --
Deed $65,000 --
Deed $33,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $213,000 New Conventional
Closed $213,000 New Conventional
Previous Owner $136,200 New Conventional
Previous Owner $124,160 Construction
Previous Owner $127,500 Adjustable Rate Mortgage/ARM
Previous Owner $23,000 No Value Available
Closed -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 Sold $267,000 -7.9% $100 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
02/28/2025 02/28/25 Price Changed $290,000 -10.8% $109 / Sq Ft
01/31/2025 01/31/25 For Sale $325,000 +43.2% $122 / Sq Ft
08/15/2023 08/15/23 Sold $227,000 -15.9% $85 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
04/20/2023 04/20/23 Price Changed $270,000 +3.8% $101 / Sq Ft
03/14/2023 03/14/23 Price Changed $260,000 -10.3% $98 / Sq Ft
03/04/2023 03/04/23 For Sale $290,000 +86.9% $109 / Sq Ft
01/31/2023 01/31/23 Sold $155,200 -5.9% $58 / Sq Ft
10/22/2022 10/22/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $165,000 0.0% $62 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $165,000 -- $62 / 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 $1,448 $154,000 $18,600 $135,400
2024 $1,448 $140,333 $0 $0
2023 $1,279 $126,667 $0 $0
2022 $1,143 $113,000 $18,600 $94,400
2021 $1,140 $112,000 $0 $0
2020 $1,089 $111,000 $0 $0
2019 $1,088 $110,000 $18,600 $91,400
2018 $1,104 $110,000 $18,600 $91,400
2017 $1,094 $110,000 $0 $0
2016 $1,367 $140,500 $0 $0
2015 $1,377 $140,500 $0 $0
2014 $1,377 $140,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAL2010848

Bright MLS

APN: 12-010958