NOT LISTED FOR SALE

244 Red Hill Rd Elkton, MD 21921

Estimated Value: $294,939 - $412,000

-- Bed
1 Bath
2,620 Sq Ft
$136/Sq Ft Est. Value

Last Sold February 20, 2024

Last sale price $345,000 $132 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,165/month

4 Days on Market

Highlights

  • Rambler Architecture
  • Additional Land
  • Eat-In Kitchen
  • Backs to Trees or Woods
  • Porch
  • Bathtub with Shower

About This Home

As of February 2024

Fantastic Opportunity To Own This 3 Unit Income Property Located Just Outside Of Downtown Elkton! Easily Accessible To Town, Shopping, Restaurants And Public Transportation. Rancher And A 2 Level Apartment Building. Very Well Maintained Property. Very Large Fenced Parking Area And 2 Old Storage Sheds. Central A/C In All Units. House Has Oil Heat. All Units Have Stove, Refrigerator And Hook Ups For Washer & Dryer. Rent Out All 3 Homes Or Live In One And Rent The Other Two To Pay Your Mortgage And Earn A Profit Too!!!

Last Agent to Sell the Property

Joan Tepper

Key Realty, Incorporated License #664808 Listed on: 02/05/2024

Last Buyer's Agent

Alphie Stoltzfus

Beiler-Campbell Realtors-Quarryville

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,406

Year Built

  • Built in 2006

Lot Details

  • 9,539 Sq Ft Lot
  • Backs to Trees or Woods
  • Back and Front Yard
  • Additional Land
  • Property is in very good condition

Home Design

  • Triplex
  • Rambler Architecture
  • Dwelling with Rental
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,620 Sq Ft Home
  • Ceiling Fan
  • Crawl Space
  • Storm Doors

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Bathtub with Shower
  • Walk-in Shower

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Driveway
  • Paved Parking
  • Parking Lot
  • Unassigned Parking
  • Fenced Parking

Outdoor Features

  • Shed
  • Porch

Schools

  • Thomson Estates Elementary School
  • Elkton Middle School
  • Elkton High School

Farming

  • Machine Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Heat Pump System
  • Electric Water Heater
  • Sewer Holding Tank

Community Details

  • 3 Units
  • 1 Vacant Unit

Listing and Financial Details

  • The owner pays for water, trash collection, sewer maintenance
  • Assessor Parcel Number 0803026396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,406

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler, Dwelling With Rental
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 2024-02-09
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Refrigerator, Oven/Range - Electric
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Kitchen - Eat-In, Tub Shower, Stall Shower, Ceiling Fan(s), Carpet
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Crawl Space
  • Room Count: 18
  • Basement: No
  • Total Sq Ft: 2620
  • Living Area Sq Ft: 2620
  • Price Per Sq Ft: 141.18
  • Above Grade Finished Sq Ft: 2620
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 244

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed, Machine Shed
  • Construction Materials: Vinyl Siding
  • Roof: Architectural Shingle
  • Spa: No
  • 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, Paved Parking, Unassigned, Fenced
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Driveway, Parking Lot
  • Parking Lot Number Of Spaces: 10

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Oil
  • Heating Type: Heat Pump(s), Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Holding Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: CECIL COUNTY PUBLIC SCHOOLS
  • Elementary School: THOMSON ESTATES
  • Middle School: ELKTON
  • High School: ELKTON
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121139799812
  • School District Source: 3rd Party
  • Elementary School: THOMSON ESTATES
  • High School: ELKTON
  • Middle Or Junior School: ELKTON

Lot Info

  • Land Use Code: R
  • Lot Features: Backs To Trees, Additional Lot(s), Not In Development, Road Frontage, Front Yard, Rear Yard
  • Lot Size Acres: 0.22
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9539.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: ST
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Water, Trash Collection, Sewer Maintenance
  • Rent Control: No
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 2406.00
  • Assessor Parcel Number: 0803026396
  • Tax Total Finished Sq Ft: 2620
  • Tax Year: 2023
  • Close Date: 02/20/2024

MLS Schools

  • School District Name: CECIL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Feb 20, 2024
Sold by
Tsm Holdings Llc
Bought by
Pond View Acres Llc
Seller's Agent
Joan Tepper
Key Realty, Incorporated
Buyer's Agent
Alphie Stoltzfus
Beiler-Campbell Realtors-Quarryville
List Price
$369,900
Sold Price
$345,000
Premium/Discount to List
-$24,900
-6.73%
Views
32
Current Estimated Value
$356,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,235
Avg. Annual Appreciation
2.75%
Original Mortgage
$353,000
Outstanding Balance
$348,866
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$10,285

Purchase Details

Listed on
Dec 9, 2021
Closed on
Jan 13, 2022
Sold by
Casey Virginia C
Bought by
Tsm Holdings Llc
Seller's Agent
Teal Clise
EXP Realty, LLC
Buyer's Agent
Joan Tepper
Key Realty, Incorporated
List Price
$280,000
Sold Price
$265,000
Premium/Discount to List
-$15,000
-5.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.32%

Purchase Details

Closed on
Jul 25, 2008
Sold by
Caldwell Marvin J and Caldwell Joann
Bought by
Grubb John W and Casey Virginia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2008
Sold by
Caldwell Marvin J and Caldwell Joann
Bought by
Grubb John W and Casey Virginia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 1994
Sold by
Owens
Bought by
Caldwell Marvin I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
8.5%

Purchase Details

Closed on
Oct 8, 1987
Sold by
Purnell William H and Purnell Gail M
Bought by
Owens Harold and Owens Henrietta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
11.18%
Source: Public Records

Range of Values:

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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
Pond View Acres Llc $345,000 Title-Rite Services Inc
Tsm Holdings Llc $265,000 Ardent Title
Grubb John W $220,000 --
Grubb John W $220,000 --
Caldwell Marvin I $130,000 --
Owens Harold $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pond View Acres Llc $353,000
Previous Owner Grubb John W $165,000
Previous Owner Grubb John W $165,000
Previous Owner Caldwell Marvin J $42,000
Previous Owner Caldwell Marvin I $105,000
Previous Owner Owens Harold $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2024 02/20/24 Sold $345,000 -6.7% $132 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $369,900 +39.6% $141 / Sq Ft
01/12/2022 01/12/22 Sold $265,000 -5.4% $101 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
12/09/2021 12/09/21 For Sale $280,000 -- $107 / 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 $2,565 $234,333 $0 $0
2024 $2,353 $215,000 $44,200 $170,800
2023 $2,346 $212,433 $0 $0
2022 $2,364 $209,867 $0 $0
2021 $2,363 $207,300 $44,200 $163,100
2020 $2,076 $193,633 $0 $0
2019 $2,076 $179,967 $0 $0
2018 $1,918 $166,300 $44,200 $122,100
2017 $1,835 $166,300 $0 $0
2016 $1,845 $166,300 $0 $0
2015 $1,845 $167,300 $0 $0
2014 $1,896 $167,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDCC2011632

Bright MLS

APN: 03-026396