Seller's Agent in 2022
Matthew Burgan
Infinitas Realty Group
(240) 925-2224
264 Total Sales
24241 Colton Point Rd Clements, MD 20624
Estimated Value: $583,796
Studio
1
Bath
4,826
Sq Ft
$121/Sq Ft
Est. Value
Highlights
- Window Unit Cooling System
- Central Heating and Cooling System
- Ceiling Fan
- No Interior Steps
About This Home
As of September 2022Amazing opportunity for an income generating multi-unit property on over 8 acres of land. Live in one and rent the rest or rent all 4 units. This property has it all. Duplex consists of 2 bedroom 1 bath each. 2 single family homes, one 3 bed 1 bath, one 4 bed 1 bath. Rental history with long term tenants. The property needs some work/updating but that is fully reflected in the price point which is WELL below market value. Objective rental income:
2/1: 1k/month
2/1: 1k/month
3/1: 1.3k/month
4/1: 1.5k/month
Total: $4,800/month or $57,600/year.
Last Agent to Sell the Property
(240) 925-2224 matt@infinitasrealty.com Infinitas Realty Group License #663374 Listed on: 08/11/2022
Last Buyer's Agent
(301) 247-9500 christopher@mremovesme.com Momentum Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,960
Year Built
- Built in 1950
Lot Details
- 8.42
Home Design
- Quadruplex
- Block Foundation
- Slab Foundation
- Shingle Roof
- Vinyl Siding
- Stick Built Home
Interior Spaces
- 4,826 Sq Ft Home
- Ceiling Fan
- Crawl Space
Parking
- 10 Parking Spaces
- 10 Driveway Spaces
Utilities
- Window Unit Cooling System
- Central Heating and Cooling System
- Heat Pump System
- Well
- Electric Water Heater
- Septic Tank
Additional Features
- No Interior Steps
- 8.42 Acre Lot
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 1904006992
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2022
Closed on
Sep 16, 2022
Sold by
Lockhart Audrey R
Bought by
Wiese & Noble Llc
Seller's Agent
Matthew Burgan
Infinitas Realty Group
Buyer's Agent
Christopher Cullen
Momentum Real Estate
List Price
$374,900
Sold Price
$360,000
Premium/Discount to List
-$14,900
-3.97%
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,796
Original Mortgage
$350,000
Outstanding Balance
$334,060
Interest Rate
5.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 9, 2018
Sold by
Early John M
Bought by
Lockhart Audrey R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.22%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 25, 1999
Sold by
Owens Mary Agnes Healy L and Owens E
Bought by
Early John M
Purchase Details
Closed on
Nov 6, 1996
Sold by
Owens Mary A
Bought by
Healy Owens Mary Agnes and Wilkinson Patrick
Purchase Details
Closed on
Mar 27, 1995
Sold by
Ma Healy
Bought by
Owens Mary A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.78%
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wiese & Noble Llc | $360,000 | Blue Crab Title | |
| Lockhart Audrey R | $300,000 | Tri County Abstract | |
| Early John M | $175,000 | -- | |
| Healy Owens Mary Agnes | -- | -- | |
| Owens Mary A | $67,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wiese & Noble Llc | $350,000 | |
| Previous Owner | Lockhart Audrey R | $300,000 | |
| Previous Owner | Owens Mary A | $75,000 | |
| Closed | Early John M | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2022 09/16/22 | Sold | $360,000 | -4.0% | $75 / Sq Ft |
| 08/11/2022 08/11/22 | For Sale | $374,900 | -- | $78 / 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 | $8,323 | $716,467 | $0 | $0 |
| 2024 | $7,431 | $633,900 | $346,700 | $287,200 |
| 2023 | $7,149 | $608,300 | $0 | $0 |
| 2022 | $6,868 | $582,700 | $0 | $0 |
| 2021 | $6,586 | $557,100 | $330,200 | $226,900 |
| 2020 | $6,428 | $543,000 | $0 | $0 |
| 2019 | $6,169 | $528,900 | $0 | $0 |
| 2018 | $6,014 | $514,800 | $315,200 | $199,600 |
| 2017 | $5,938 | $514,800 | $0 | $0 |
| 2016 | -- | $514,800 | $0 | $0 |
| 2015 | $6,170 | $518,900 | $0 | $0 |
| 2014 | $6,170 | $518,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Burgan
-
Christopher Cullen
C
Buyer's Agent in 2022
Christopher Cullen
Momentum Real Estate
(301) 247-9500
27 Total Sales
Map
Source: Bright MLS
MLS Number: MDSM2008394
APN: 04-006992
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