NOT LISTED FOR SALE

3 Frederick Rd Thurmont, MD 21788

Estimated Value: $366,028

-- Bed
2 Baths
2,064 Sq Ft
$177/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $340,000 $165 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,210/month

10 Days on Market

Highlights

  • Colonial Architecture
  • Stainless Steel Appliances
  • Electric Baseboard Heater
  • 1 Fireplace
  • Ceiling Fan
  • 5-minute walk to Thurmont Community Park

About This Home

As of October 2023

RARE OPPORTUNITY - REMODELED 2 UNIT Property with POTENTIAL RENT INCOME of $3200+ (see comps in Thurmont). 6 Bedroom Duplex with new LUXURY (LVP) flooring, fresh paint, new appliances. The downstairs unit features 4 bedrooms with Family room, kitchen, laundry and full bath. The upstairs unit features 2 bedrooms, Den/Office, family room, kitchen, full bath and 2 additional storage closets. Potential to convert the Den / Office to a 3rd bedroom. The exterior of house also has a separate storage room which could be rented to tenants or provided. Great investment opportunity for principal residence or investor. Prospective buyer can rent out both units and have positive cash flow or live in one unit and rent out the other. Property is zoned for RESIDENTIAL AND / OR COMMERCIAL. You do not want to miss this one. Both units are vacant. PHOTOS coming soon. Schedule showing online and contact agent for more details.

Last Agent to Sell the Property

Pinkesh Gala

(301) 502-2957 pinkesh12@gmail.com Smart Realty, LLC License #SP40002493 Listed on: 09/08/2023

Smart Realty, LLC

Last Buyer's Agent

Gleyton Cuevas

(240) 472-5484 gleytoncuevas28@gmail.com Taylor Properties License #675370

Taylor Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,555

Year Built

  • Built in 1900

Lot Details

  • 2,760

Home Design

  • Duplex
  • Colonial Architecture
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • Ceiling Fan
  • 1 Fireplace
  • Crawl Space

Kitchen

  • Built-In Microwave
  • Stainless Steel Appliances

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Parking Lot

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • 2,760 Sq Ft Lot
  • Dwelling with Separate Living Area

Community Details

  • Thurmont Subdivision
  • Gross Income $38,400

Listing and Financial Details

  • Assessor Parcel Number 1115328452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,555

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial, Dwelling W/Separate Living Area
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-09-09
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dryer - Electric, Microwave, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 2196
  • Living Area Sq Ft: 2064
  • Price Per Sq Ft: 169.09
  • Above Grade Finished Sq Ft: 2064
  • Below Grade Sq Ft: 132
  • Total Below Grade Sq Ft: 132
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Shingle
  • Spa: No
  • 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, Parking Lot
  • Number of Spaces in Driveway: 2

Utilities

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2760.00
  • Zoning: CR
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 38400.00
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2555.00
  • Assessor Parcel Number: 1115328452
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

Multi Family

  • Gross Scheduled Income: 38400.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Oct 17, 2023
Sold by
Gala Pinkesh
Bought by
Bonilla Diaz Kelsy
Seller's Agent
Pinkesh Gala
Smart Realty, LLC
Buyer's Agent
Gleyton Cuevas
Taylor Properties
List Price
$349,000
Sold Price
$340,000
Premium/Discount to List
-$9,000
-2.58%
Views
175
Current Estimated Value
$366,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,028
Avg. Annual Appreciation
3.43%
Original Mortgage
$333,841
Outstanding Balance
$327,276
Interest Rate
7.12%
Mortgage Type
FHA
Estimated Equity
$38,752

Purchase Details

Listed on
Feb 23, 2023
Closed on
Apr 17, 2023
Sold by
Hughes Anna M
Bought by
Gala Pinkesh
Seller's Agent
Mark Hewitson
RE/MAX Realty Plus
Buyer's Agent
Pinkesh Gala
Smart Realty, LLC
List Price
$250,000
Sold Price
$269,286
Premium/Discount to List
$19,286
7.71%
Views
155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.42%
Original Mortgage
$242,357
Interest Rate
6.32%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bonilla Diaz Kelsy $340,000 Realty Title
Diaz Kelsy Bonilla $340,000 Realty Title
Gala Pinkesh $269,286 Kensington Realty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Kelsy Bonilla $333,841
Closed Diaz Kelsy Bonilla $333,841
Previous Owner Gala Pinkesh $242,357
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2023 10/17/23 Sold $340,000 -2.6% $165 / Sq Ft
09/18/2023 09/18/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $349,000 0.0% $169 / Sq Ft
09/07/2023 09/07/23 Price Changed $349,000 +29.6% $169 / Sq Ft
04/17/2023 04/17/23 Sold $269,286 +7.7% $130 / Sq Ft View Prior Sale
03/28/2023 03/28/23 For Sale $250,000 -7.2% $121 / Sq Ft
03/16/2023 03/16/23 Off Market $269,286 -- --
02/25/2023 02/25/23 Price Changed $250,000 -9.1% $121 / Sq Ft
02/23/2023 02/23/23 For Sale $275,000 -- $133 / 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 $3,502 $268,967 -- --
2024 $3,502 $227,033 $0 $0
2023 $2,819 $185,100 $56,000 $129,100
2022 $2,436 $171,200 $0 $0
2021 $2,174 $157,300 $0 $0
2020 $2,174 $143,400 $47,200 $96,200
2019 $2,166 $142,833 $0 $0
2018 $2,188 $142,267 $0 $0
2017 $2,129 $141,700 $0 $0
2016 $1,869 $139,500 $0 $0
2015 $1,869 $137,300 $0 $0
2014 $1,869 $135,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR2039134

Bright MLS

APN: 15-328452