NOT LISTED FOR SALE

246 N Locust St Hagerstown, MD 21740

Central Neighborhood

Estimated Value: $467,920

-- Bed
-- Bath
3,280 Sq Ft
$143/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $189,500 $58 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $2,644/month

2 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Ceiling Fan
  • Ruth Ann Monroe Primary School Rated A-

About This Home

As of April 2021

Fully Leased! Investor opportunity. Do you like cash flow? Property includes five rentalable units (one other unit) and former laundry room (fee based) for tenants. Current owners report LEAD FREE. Selling as is. Rent roll available. Cash flows. Contact us for rent roll and profit/loss statement. Fully Leased! Great Investment property.

Last Agent to Sell the Property

Brian Duncan

(301) 831-8575 brian@tylerco.com Tyler Duncan Realty Partners, Inc. License #607909 Listed on: 02/09/2021

Last Buyer's Agent

Stacy Allwein

(301) 606-6716 Stacy@allweinteam.com Real Broker, LLC - Frederick License #0225269520

Real Broker, LLC - Frederick

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,231

Year Built

  • Built in 1914

Lot Details

  • 3,280 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,280 Sq Ft Home
  • Ceiling Fan

Schools

  • Bester Elementary School

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 4 Units
  • 3-Story Building
  • Downtown Hagerstown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2222012894

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,231

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Federal Flood Insurance: Unknown
  • New Construction: No
  • Year Built: 1914
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 3280
  • Living Area Sq Ft: 3280
  • Price Per Sq Ft: 57.77
  • Above Grade Finished Sq Ft: 3280
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: BESTER

Lot Info

  • Improvement Assessed Value: 175100.00
  • Land Assessed Value: 40000.00
  • Lot Size Acres: 0.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3280.00
  • Zoning: R2
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Lease Term: 12 Months
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11619007
  • Tax Annual Amount: 4231.00
  • Assessor Parcel Number: 2222012894
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2021
Closed on
Apr 2, 2021
Sold by
Dege Llc
Bought by
Mcg Properties Llc
Seller's Agent
Brian Duncan
Tyler Duncan Realty Partners, Inc.
Buyer's Agent
Stacy Allwein
Real Broker, LLC - Frederick
List Price
$189,500
Sold Price
$189,500
Current Estimated Value
$467,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,420
Original Mortgage
$142,125
Outstanding Balance
$128,322
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2002
Sold by
Leroy Sheppard Russell
Bought by
Dege Llc
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
Mcg Properties Llc $189,500 Clear Title Llc
Dege Llc $46,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcg Properties Llc $142,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2021 04/02/21 Sold $189,500 0.0% $58 / Sq Ft
02/11/2021 02/11/21 Pending -- -- --
02/10/2021 02/10/21 Off Market $189,500 -- --
02/09/2021 02/09/21 For Sale $189,500 0.0% $58 / Sq Ft
04/01/2018 04/01/18 Rented $550 0.0% --
03/06/2018 03/06/18 For Rent $550 -- --
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 $2,164 $248,700 $40,000 $208,700
2024 $2,164 $237,500 $0 $0
2023 $2,062 $226,300 $0 $0
2022 $1,960 $215,100 $40,000 $175,100
2021 $2,220 $215,100 $40,000 $175,100
2020 $2,002 $215,100 $40,000 $175,100
2019 $2,030 $217,100 $40,000 $177,100
2018 $2,227 $215,833 $0 $0
2017 $1,994 $214,567 $0 $0
2016 -- $213,300 $0 $0
2015 $4,236 $204,333 $0 $0
2014 $4,236 $195,367 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Duncan

    Seller's Agent in 2021

    Brian Duncan

    Tyler Duncan Realty Partners, Inc.

    (301) 831-8575

    3 in this area

    104 Total Sales

    Brian Duncan
    Section Image

  • S

    Buyer's Agent in 2021

    Stacy Allwein

    Real Broker, LLC - Frederick

    (301) 606-6716

    4 in this area

    389 Total Sales

    Stacy Allwein
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWA177678

Bright MLS

APN: 22-012894

Maryland Washington County Hagerstown 21740 Central

246 N Locust St, Hagerstown, MD

Not Listed for Sale

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