NOT LISTED FOR SALE

268 E Main St Frostburg, MD 21532

Estimated Value: $107,000 - $154,000

-- Bed
2 Baths
1,600 Sq Ft
$81/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $120,000 $75 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $748/month

22 Days on Market

Highlights

  • Traditional Architecture
  • Double Pane Windows
  • Radiator
  • Porch
  • Carpet

About This Home

As of July 2024

This main street duplex is conveniently located in the town of Frostburg, Maryland. It features two units each unit having two bedrooms and one bathroom. The units are on separate electric meters. The upstairs unit is vacant. The downstairs unit has a month to month tenant. Tenant pays $750/month plus electric.
Downstairs unit has an updated bathroom and new carpet. There is washer/dryer hookup in the basement. There is also a large backyard area that could be used for entertaining and off street parking.

Perfect for investors or if you would want to live in one unit and rent the other!!

Last Agent to Sell the Property

Jennifer Jackson

(301) 367-8300 jen.jackson1425@gmail.com Charis Realty Group License #RSR005314 Listed on: 05/13/2024

Charis Realty Group

Last Buyer's Agent

Nick Fratz-Orr

(301) 616-0473 nick@railey.com Railey Realty, Inc.

Railey Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,073

Year Built

  • Built in 1920

Lot Details

  • 8,850

Home Design

  • Duplex
  • Traditional Architecture
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • Double Pane Windows
  • Carpet
  • Unfinished Basement
  • Interior and Side Basement Entry
  • Electric Oven or Range

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Schools

  • Mountain Ridge High School

Utilities

  • Radiator
  • Natural Gas Water Heater

Additional Features

  • Porch
  • 8,850 Sq Ft Lot

Community Details

  • 2 Units
  • 1 Vacant Unit

Listing and Financial Details

  • The owner pays for gas, water, trash collection, sewer
  • Assessor Parcel Number 0112009771

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,073

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: This main street duplex is conveniently located in the town of Frostburg, Maryland. It features two units each unit having two bedrooms and one bathroom. The units are on separate electric meters. The upstairs unit is vacant. The downstairs unit has a month to month tenant. Tenant pays $750/month plus electric. Downstairs unit has an updated bathroom and new carpet. There is washer/dryer hookup in the basement. There is also a large backyard area that could be used for entertaining and off street parking. Perfect for investors or if you would want to live in one unit and rent the other!!
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Oven/Range - Electric
  • Interior Amenities: Carpet
  • Window Features: Double Pane
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Interior Access, Side Entrance, Unfinished
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 1600
  • Price Per Sq Ft: 81.25
  • Above Grade Finished Sq Ft: 1600
  • Below Grade Sq Ft: 800
  • Total Below Grade Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 268

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • 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: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8850.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2024
  • Zoning: R2
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 1
  • Owner Pays: Gas, Water, Trash Collection, Sewer
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1073.00
  • Assessor Parcel Number: 0112009771
  • Tax Total Finished Sq Ft: 1600
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 07/12/2024

Multi Family

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

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Jul 12, 2024
Sold by
Thompson Samuel Reeves
Bought by
Kanagy Michael D
Seller's Agent
Jennifer Jackson
Charis Realty Group
Buyer's Agent
Nick Fratz-Orr
Railey Realty, Inc.
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%
Views
23
Current Estimated Value
$130,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,345
Avg. Annual Appreciation
6.84%
Original Mortgage
$96,000
Outstanding Balance
$94,845
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$35,500

Purchase Details

Listed on
Dec 4, 2018
Closed on
Jan 3, 2019
Sold by
Wilmington Trust Na
Bought by
Thompson Samuel Reeves
Seller's Agent
Mark Van Tyne
Julian Agency Real Estate
Buyer's Agent
Heather Brailer
Charis Realty Group
List Price
$45,000
Sold Price
$24,500
Premium/Discount to List
-$20,500
-45.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.56%

Purchase Details

Closed on
Sep 24, 2018
Sold by
Fields John
Bought by
Wilmington Trust National Association and Citibank N A

Purchase Details

Closed on
Oct 14, 2005
Sold by
Rol and John F
Bought by
Fields John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
5.79%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 5, 1986
Sold by
Flanagan Lourdine M
Bought by
Roland John F-Mary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,600
Interest Rate
10.51%
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
Kanagy Michael D $120,000 Deep Creek Title Group
Kanagy Michael D $120,000 Deep Creek Title Group
Thompson Samuel Reeves $24,500 None Available
Wilmington Trust National Association $48,343 None Available
Fields John $80,000 --
Roland John F-Mary B $29,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kanagy Michael D $96,000
Closed Kanagy Michael D $96,000
Previous Owner Fields John $16,000
Previous Owner Roland John F-Mary B $23,600
Closed Fields John $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2024 07/12/24 Sold $120,000 -7.7% $75 / Sq Ft
05/13/2024 05/13/24 For Sale $130,000 +430.6% $81 / Sq Ft
01/15/2019 01/15/19 Sold $24,500 -45.6% $15 / Sq Ft View Prior Sale
12/30/2018 12/30/18 Pending -- -- --
12/04/2018 12/04/18 For Sale $45,000 -- $28 / 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 $710 $72,900 $18,100 $54,800
2024 $710 $68,800 $0 $0
2023 $654 $64,700 $0 $0
2022 $613 $60,600 $18,100 $42,500
2021 $617 $60,600 $18,100 $42,500
2020 $595 $60,600 $18,100 $42,500
2019 $670 $67,700 $18,100 $49,600
2018 $673 $67,700 $18,100 $49,600
2017 $758 $67,700 $0 $0
2016 $766 $78,700 $0 $0
2015 $771 $78,700 $0 $0
2014 $771 $78,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAL2008964

Bright MLS

APN: 12-009771