$195,000
SOLD FEB 10, 2021

323 S Raleigh St Martinsburg, WV 25401

-- Bed
-- Bath
2,055 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$95 Per Sq Ft

2% Below List Price

7 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Electric Baseboard Heater
  • Burke Street Elementary School Rated 9+
  • Central Air

About This Home

As of April 2022

Investors / Landlords! It's can be hard to find an income-producing property that is truly "Passive Income", but this is it: 3 Units, Fully sub-letted by one one long-term client. Lessee handles all management with respect to filling units, etc... 10% CAP Rate. Directly across the street from county buildings, close to commuter train, services, etc...

Last Agent to Sell the Property

Lane McIntosh

Mclntosh Realty Group License #0225270701 Listed on: 01/01/2021

Last Buyer's Agent

Robert Krop

Keller Williams Realty Centre License #0225254789

Keller Williams Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,712

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Property is in average condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,055 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 0614009800000000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,712

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-01-01
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Investors / Landlords! It's can be hard to find an income-producing property that is truly "Passive Income", but this is it: 3 Units, Fully sub-letted by one one long-term client. Lessee handles all management with respect to filling units, etc... 10% CAP Rate. Directly across the street from county buildings, close to commuter train, services, etc...
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2055
  • Living Area Sq Ft: 2055
  • Price Per Sq Ft: 97.27
  • Above Grade Finished Sq Ft: 2055
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 323

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Metal
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: BERKELEY COUNTY SCHOOLS
  • School District Key: 121139330472
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 39900.00
  • Land Assessed Value: 16140.00
  • Land Use Code: 004
  • Lot Size Acres: 0.15
  • Lot Dimensions: 46.8x140 irregular
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6534.00
  • Property Condition: Average
  • Year Assessed: 2020
  • Zoning: 103
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Rent Control: No
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 20212461
  • Tax Annual Amount: 1712.00
  • Assessor Parcel Number: 0614009800000000
  • Tax Total Finished Sq Ft: 2055
  • County Tax Payment Frequency: Semi-Annually
  • Tax Year: 2020
  • Close Date: 02/10/2021

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: BERKELEY COUNTY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2021
Closed on
Feb 10, 2021
Sold by
D C Properties Llc
Bought by
Wong Alex
Seller's Agent
Lane McIntosh
Mclntosh Realty Group
Buyer's Agent
Robert Krop
Keller Williams Realty Centre
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%
Current Estimated Value
$279,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,072
Avg. Annual Appreciation
8.19%
Original Mortgage
$122,250
Outstanding Balance
$109,837
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$168,975
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $195,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $122,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2022 04/28/22 Sold $249,000 -4.2% $121 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
03/06/2022 03/06/22 For Sale $260,000 0.0% $127 / Sq Ft
09/13/2021 09/13/21 Rented $1,000 0.0% --
08/17/2021 08/17/21 For Rent $1,000 0.0% --
02/10/2021 02/10/21 Sold $195,000 -2.5% $95 / Sq Ft
01/09/2021 01/09/21 Pending -- -- --
01/01/2021 01/01/21 For Sale $199,900 -- $97 / 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
2024 $3,232 $102,960 $18,000 $84,960
2023 $3,312 $102,960 $18,000 $84,960
2022 $2,706 $89,220 $16,140 $73,080
2021 $1,785 $58,440 $16,140 $42,300
2020 $1,712 $56,040 $16,140 $39,900
2019 $1,657 $54,000 $16,140 $37,860
2018 $1,635 $53,220 $16,140 $37,080
2017 $1,609 $52,020 $16,140 $35,880
2016 $1,594 $51,180 $16,140 $35,040
2015 $1,582 $49,740 $15,480 $34,260
2014 $1,874 $58,800 $15,480 $43,320
Source: Public Records

Agents Affiliated with this Home

  • Chad Bikle

    Seller's Agent in 2022

    Chad Bikle

    Keller Williams Realty Centre

    (301) 573-3059

    17 in this area

    149 Total Sales

    Chad Bikle
    Section Image
  • Errika Best

    Buyer's Agent in 2022

    Errika Best

    Greentree Associates of Shepherdstown, Inc.

    (304) 838-2516

    7 in this area

    41 Total Sales

    Errika Best
    Section Image
  • Lane McIntosh

    Seller's Agent in 2021

    Lane McIntosh

    Mclntosh Realty Group

    (304) 279-0916

    25 in this area

    40 Total Sales

    Lane McIntosh
    Section Image
  • Joe Laumann

    Seller's Agent in 2021

    Joe Laumann

    Keller Williams Realty Centre

    (240) 626-1857

    6 Total Sales

    Joe Laumann
    Section Image
  • Robert Krop

    Buyer's Agent in 2021

    Robert Krop

    Keller Williams Realty Centre

    (202) 999-5000

    23 in this area

    406 Total Sales

    Robert Krop
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: WVBE182796

Bright MLS

APN: 06-14-00980000

West Virginia Berkeley County Martinsburg 25401

323 S Raleigh St, Martinsburg, WV

This home is located at 323 S Raleigh St, Martinsburg, WV 25401 and is currently priced at $195,000, approximately $94 per square foot. This property was built in 1920. 323 S Raleigh St is a home located in Berkeley County with nearby schools including Burke Street Elementary School, Eagle School Intermediate School, and Martinsburg South Middle School.

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