NOT LISTED FOR SALE

306 Franklin St Denton, MD 21629

Denton Area
Studio
1 Bath
3,184 Sq Ft
5,532 Sq Ft Lot

Sale Details

Date Sold: November 29, 2018

Last sale price $174,500 $55 Per Sq Ft

4 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Baseboard Heating
  • Partially Wooded Lot
  • No HOA
  • 1-minute walk to Caroline County Recreation

About This Home

As of November 2018

Three unit apartment house in Denton. Located between two commercial buildings. House has had improvements such as replacement windows and vinyl siding. Separate electric meters on all units. Tenants pay electric. Landlord pays water/sewer. Excellent cash flow.

Last Agent to Sell the Property

Jeff Wright

(410) 479-2000 wrightrealestate1946@gmail.com Wright Real Estate Listed on: 10/05/2018

Last Buyer's Agent

Mary Libick

(410) 479-2000 wrightrealestate1946@gmail.com Wright Real Estate License #99025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,220

Year Built

  • Built in 1885

Lot Details

  • 5,532 Sq Ft Lot
  • Partially Wooded Lot
  • Property is in good condition

Parking

  • Dirt Driveway

Home Design

  • Triplex
  • Converted Dwelling
  • Brick Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,184 Sq Ft Home
  • City Views
  • Electric Oven or Range

Flooring

  • Wood
  • Vinyl

Outdoor Features

  • Outbuilding

Schools

  • Denton Elementary School
  • Lockerman-Denton Middle School
  • N Caroline High School

Utilities

  • Baseboard Heating
  • Oil Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, real estate taxes, sewer, repairs, lawn/shrub care
  • Tax Lot 9
  • Assessor Parcel Number 03-019659

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $850
  • Maintenance Expense $1,400
  • Operating Expense $7,684
  • Net Operating Income $22,016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,220

Year Built

Built in 1885

Lot Details

5,532 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1885
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring Type: Wood, Vinyl
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: No
  • Total Sq Ft: 3184
  • Living Area Sq Ft: 3184
  • Price Per Sq Ft: 61.24
  • Above Grade Finished Sq Ft: 3184
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Outbuilding(s)
  • Roof: Asphalt
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Dirt Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Sewer Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: DENTON
  • High School: N CAROLINE
  • Middle Or Junior School: LOCKERMAN-DENTON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Partly Wooded
  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5532.00
  • Property Condition: Good
  • Zoning: CBC
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month, Long Term
  • Ground Rent Exists: No
  • Owner Pays: Water, Taxes - Real Estate, Sewer, Repairs, Lawn/Shrub Care
  • Rent Control: No
  • Total Actual Rent: 29700.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4488222
  • Tax Annual Amount: 3220.00
  • Assessor Parcel Number: 03-019659
  • Tax Lot: 9
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Gross Income: 29700.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 7684.00
  • Vacancy Allowance Rate: 10.00

MLS Schools

  • School District Name: CAROLINE COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2018
Closed on
Nov 29, 2018
Sold by
Bought by
Seller's Agent
Jeff Wright
Wright Real Estate
Buyer's Agent
Mary Libick
Wright Real Estate
List Price
$195,000
Sold Price
$174,500
Premium/Discount to List
-$20,500
-10.51%

Purchase Details

Closed on
Jun 2, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
0.0578%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$174,500 Eastern Shore Title Co
-- --
$220,000 --
$130,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $28,000
Closed $25,000
Open $265,000
Previous Owner $176,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/29/2018 11/29/18 Sold $174,500 -10.5% $55 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
10/05/2018 10/05/18 For Sale $195,000 -- $61 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,548 $209,700 $40,300 $169,400
2024 $3,413 $198,200 $0 $0
2023 $3,271 $186,700 $0 $0
2022 $3,105 $175,200 $40,300 $134,900
2020 $3,157 $175,200 $40,300 $134,900
2019 $3,238 $179,700 $40,300 $139,400
2018 $3,134 $174,900 $0 $0
2017 $2,896 $170,100 $0 $0
2016 -- $165,300 $0 $0
2015 $3,304 $165,300 $0 $0
2014 $3,304 $165,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1008355346

Bright MLS
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