NOT LISTED FOR SALE

245 E Offutt St Cumberland, MD 21502

Estimated Value: $127,000 - $193,000

-- Bed
2 Baths
2,112 Sq Ft
$70/Sq Ft Est. Value

Last Sold January 19, 2023

Last sale price $115,000 $54 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $860/month

27 Days on Market

Highlights

  • Above Ground Pool
  • Shed
  • Forced Air Heating and Cooling System

About This Home

As of January 2023

3 unit investment property with potential income over $2,000/month once updates are complete. 245 (right side) is a 2 story unit that is move in ready once owners locate their new home. The main level has a bedroom, full bathroom half bathroom, living room and kitchen. The upper level features another full bathroom, family room area and 2 rooms that could be 2 additional bedrooms or with a couple walls, you could have 3 bedrooms on this level. This side also features central air, enclosed porches, a rear deck area and above ground pool that stays. Units 249-251 need a little love, but have so much potential. They both feature 2 bedrooms, a living room, kitchen and full bathroom. Polish them up and find your tenants and you will have income rolling in! Close to Riverside sports complex and the bike path.

Last Agent to Sell the Property

Alli Candelas

Charis Realty Group Listed on: 09/09/2022

Charis Realty Group

Last Buyer's Agent

Timothy O'Boyle

Mackintosh, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,093

Year Built

  • Built in 1924

Lot Details

  • 6,250 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Bi-Level Home
  • Vinyl Siding

Interior Spaces

  • 2,112 Sq Ft Home
  • Crawl Space

Outdoor Features

  • Above Ground Pool
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0104026950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,093

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • Exclusions: walk-in tub on 245 side on main level (will consider leaving with acceptable offer
  • New Construction: No
  • Year Built: 1924
  • Automatically Close On Close Date: No
  • Remarks Public: 3 unit investment property with potential income over $2,000/month once updates are complete. 245 (right side) is a 2 story unit that is move in ready once owners locate their new home. The main level has a bedroom, full bathroom half bathroom, living room and kitchen. The upper level features another full bathroom, family room area and 2 rooms that could be 2 additional bedrooms or with a couple walls, you could have 3 bedrooms on this level. This side also features central air, enclosed porches, a rear deck area and above ground pool that stays. Units 249-251 need a little love, but have so much potential. They both feature 2 bedrooms, a living room, kitchen and full bathroom. Polish them up and find your tenants and you will have income rolling in! Close to Riverside sports complex and the bike path.
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Total Sq Ft: 2112
  • Living Area Sq Ft: 2112
  • Price Per Sq Ft: 54.45
  • Above Grade Finished Sq Ft: 2112
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 245

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding
  • Pool Features: Above Ground
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

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

Schools

  • School District: ALLEGANY COUNTY PUBLIC SCHOOLS
  • School District Key: 121140562208
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 45300.00
  • Land Assessed Value: 12100.00
  • Land Use Code: R
  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6250.00
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14906606
  • Tax Annual Amount: 1093.00
  • Assessor Parcel Number: 0104026950
  • Tax Total Finished Sq Ft: 2112
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 01/19/2023

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Jan 19, 2023
Sold by
Mctaggart Patricia
Bought by
Dominant 7 Remodeling Llc
Seller's Agent
Alli Candelas
Charis Realty Group
Buyer's Agent
Timothy O'Boyle
Mackintosh, Inc.
List Price
$115,000
Sold Price
$115,000
Views
155
Current Estimated Value
$148,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,522
Avg. Annual Appreciation
-0.06%
Original Mortgage
$132,500
Outstanding Balance
$128,444
Interest Rate
6.27%
Mortgage Type
Construction
Estimated Equity
-$13,624

Purchase Details

Closed on
Jun 2, 1997
Sold by
Lewis Ruth M
Bought by
Lewis Ruth M and Mctaggart Patricia
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
Dominant 7 Remodeling Llc $115,000 Elevated Title
Lewis Ruth M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dominant 7 Remodeling Llc $132,500
Previous Owner Mctaggart Patricia A $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2023 01/19/23 Sold $115,000 0.0% $54 / Sq Ft
09/09/2022 09/09/22 For Sale $115,000 -- $54 / 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 $616 $74,133 $0 $0
2024 $616 $65,767 $0 $0
2023 $534 $57,400 $12,100 $45,300
2022 $480 $54,967 $0 $0
2021 $464 $52,533 $0 $0
2020 $443 $50,100 $10,600 $39,500
2019 $394 $47,433 $0 $0
2018 $464 $44,767 $0 $0
2017 $398 $42,100 $0 $0
2016 -- $42,100 $0 $0
2015 $477 $42,100 $0 $0
2014 $477 $49,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAL2004336

Bright MLS

APN: 04-026950