NOT LISTED FOR SALE

25 W Franklin St Hagerstown, MD 21740

Central Neighborhood

Estimated Value: $816,747

-- Bed
-- Bath
11,277 Sq Ft
$72/Sq Ft Est. Value

Last Sold September 09, 2020

Last sale price $540,000 $48 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,627/month

Highlights

  • Colonial Architecture
  • No HOA
  • Electric Baseboard Heater
  • Ruth Ann Monroe Primary School Rated A-

About This Home

As of September 2020

RG Realty is pleased to present a truly unique commercial investment opportunity in Hagerstown, 25-27 W Franklin St. Three story, brick mix use commercial building consisting of 11,277 Sq.f (above grade) located in heart of Downtown Business District, the property is convenient to all amenities including parks, public parking, shopping and a variety of local restaurants, Zoned CCMU which allows for a wide range of potential uses. The building is comprised of 10 Units, 8 apartments, including (6) two-bedrooms and (1) three-bedrooms (1) one- bedroom and two retail storefront commercial spaces up to 4800 sf. Off street parking is available. The retail units are located on the main level with great visibility and good foot traffic. Upside value add completing the renovations to one of the retail commercial units (blueprints available) don t miss this opportunity to become part of the thriving Main Street business community in Hagerstown.

Last Agent to Sell the Property

Roberto Gonzalez

(301) 991-0207 roberto@rgrealtyinc.com RG Realty, Inc. License #598229 Listed on: 06/24/2020

Last Buyer's Agent

Roberto Gonzalez

(301) 991-0207 roberto@rgrealtyinc.com RG Realty, Inc. License #598229 Listed on: 06/24/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,901

Year Built

  • Built in 1900

Lot Details

  • 5,830 Sq Ft Lot

Home Design

  • 11,277 Sq Ft Home
  • Colonial Architecture
  • Brick Exterior Construction

Parking

  • 8 Parking Spaces
  • 8 Off-Street Spaces
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2225018907

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,901

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 11277
  • Living Area Sq Ft: 11277
  • Price Per Sq Ft: 48.77
  • Above Grade Finished Sq Ft: 11277
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below 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
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Off Street, On Street
  • Off Street Parking Spaces: 8

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 249000.00
  • Land Assessed Value: 50800.00
  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5830.00
  • Zoning: CCMU
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 11624297
  • Tax Annual Amount: 5901.00
  • Assessor Parcel Number: 2225018907
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2020
Closed on
Sep 9, 2020
Sold by
Sanana Properties Llc
Bought by
25 W Franklin Investors Of Maryland Llc
Seller's Agent
Roberto Gonzalez
RG Realty, Inc.
Buyer's Agent
Roberto Gonzalez
RG Realty, Inc.
List Price
$550,000
Sold Price
$540,000
Premium/Discount to List
-$10,000
-1.82%
Current Estimated Value
$816,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,747
Avg. Annual Appreciation
8.40%
Original Mortgage
$405,000
Outstanding Balance
$359,411
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$457,336

Purchase Details

Listed on
Oct 3, 2017
Closed on
Mar 26, 2018
Sold by
Alexander Leigh Partners Llc
Bought by
Sanana Properties Llc
Seller's Agent
Roberto Gonzalez
RG Realty, Inc.
Buyer's Agent
Roberto Gonzalez
RG Realty, Inc.
List Price
$375,000
Sold Price
$300,000
Premium/Discount to List
-$75,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.99%
Original Mortgage
$240,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 15, 2011
Closed on
Aug 3, 2012
Sold by
25 West Franklin Street Llc
Bought by
Alexander Leight Partners Llc
Seller's Agent
Karen Rollings
EXP Realty, LLC
Buyer's Agent
Karen Rollings
EXP Realty, LLC
List Price
$359,000
Sold Price
$260,000
Premium/Discount to List
-$99,000
-27.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.57%
Original Mortgage
$195,000
Interest Rate
3.67%

Purchase Details

Closed on
Jul 2, 2004
Sold by
Deerhaven Investments Inc
Bought by
25 West Franklin St Llc

Purchase Details

Closed on
May 2, 2002
Sold by
Benisek Oscar John
Bought by
Deerhaven Investments Inc
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
25 W Franklin Investors Of Maryland Llc $540,000 Premier Stlmts & Ttl Svcs Ll
Sanana Properties Llc $300,000 Premier Settlements & Title
Alexander Leight Partners Llc $260,000 Robert W Moses Title Inc
25 West Franklin St Llc $395,000 --
Deerhaven Investments Inc $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 25 W Franklin Investors Of Maryland Llc $405,000
Previous Owner Sanana Properties Llc $240,000
Previous Owner Alexander Leight Partners Llc $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2020 09/09/20 Sold $540,000 -1.8% $48 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $550,000 +83.3% $49 / Sq Ft
03/27/2018 03/27/18 Sold $300,000 0.0% $27 / Sq Ft View Prior Sale
01/31/2018 01/31/18 Pending -- -- --
01/01/2018 01/01/18 Off Market $300,000 -- --
10/03/2017 10/03/17 For Sale $375,000 +44.2% $33 / Sq Ft
08/03/2012 08/03/12 Sold $260,000 -27.6% $23 / Sq Ft View Prior Sale
07/16/2012 07/16/12 Pending -- -- --
08/15/2011 08/15/11 For Sale $359,000 -- $32 / 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 $4,118 $528,100 $50,800 $477,300
2024 $4,118 $452,000 $0 $0
2023 $3,424 $375,900 $0 $0
2022 $2,731 $299,800 $50,800 $249,000
2021 $3,094 $299,800 $50,800 $249,000
2020 $2,791 $299,800 $50,800 $249,000
2019 $2,805 $300,000 $50,800 $249,200
2018 $3,096 $300,000 $50,800 $249,200
2017 $3,373 $367,333 $0 $0
2016 -- $360,800 $0 $0
2015 $10,264 $360,800 $0 $0
2014 $10,264 $360,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roberto Gonzalez

    Seller's Agent in 2020

    Roberto Gonzalez

    RG Realty, Inc.

    (301) 991-0207

    87 in this area

    191 Total Sales

    Roberto Gonzalez
    Section Image
  • Karen Rollings

    Seller's Agent in 2012

    Karen Rollings

    EXP Realty, LLC

    (301) 924-8200

    509 Total Sales

    Karen Rollings
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWA173058

Bright MLS

APN: 25-018907

Maryland Washington County Hagerstown 21740 Central

25 W Franklin St, Hagerstown, MD

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