$290,000
SOLD SEP 17, 2015

331 Summit Ave Hagerstown, MD 21740

South End Neighborhood
-- Bed
-- Bath
5,538 Sq Ft
7,560 Sq Ft Lot

Recently Sold

$52 Per Sq Ft

23% Below List Price

Highlights

  • No HOA
  • Property is in very good condition
  • Heat Pump System
  • 3 Car Detached Garage

About This Home

As of October 2020

Turn key investment property in Hagerstown. Near city park. 6 units rented as well as 3 garages at 55$/mo. ea.Unfinished basements for possible storage or poss. coin op laundry for extra income.Lots of owner storage & a small room could be a small office.All electric,all metered separately,heat pumps for each unit. City registered and lead certs.All information believed to be true buyer to verify.

Last Agent to Sell the Property

Chris Horn

(240) 818-7326 christurboz@myactv.net Real Estate Innovations Listed on: 10/15/2014

Real Estate Innovations

Last Buyer's Agent

Roberto Gonzalez

(301) 991-0207 roberto@rgrealtyinc.com RG Realty, Inc. License #598229

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,338

Year Built

  • Built in 1910

Lot Details

  • 7,560 Sq Ft Lot
  • Property is in very good condition

Parking

  • 3 Car Detached Garage
  • On-Street Parking

Home Design

  • Brick Exterior Construction

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Rear and Side Basement Entry

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 2203019357

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • City Park Subdivision

Building Details

  • Operating Expense $12,924

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,338

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1910
  • Remarks Public: Turn key investment property in Hagerstown. Near city park. 6 units rented as well as 3 garages at 55$/mo. ea.Unfinished basements for possible storage or poss. coin op laundry for extra income.Lots of owner storage & a small room could be a small office.All electric,all metered separately,heat pumps for each unit. City registered and lead certs.All information believed to be true buyer to verify.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Rear Entrance, Side Entrance, Full, Unfinished
  • Price Per Sq Ft: 56.16
  • Street Number Modifier: 331

Exterior Features

  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Garage
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 197500.00
  • Land Assessed Value: 42500.00
  • Lot Size Acres: 0.17
  • Lot Size Area: 7560
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7560.00
  • Property Condition: Very Good
  • Year Assessed: 2014
  • Zoning: RMOD
  • In City Limits: Yes

Rental Info

  • Lease Term: Negotiable
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11597257
  • Tax Annual Amount: 4338.11
  • Assessor Parcel Number: 2203019357
  • Tax Lot: 13
  • Tax Total Finished Sq Ft: 5538
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014
  • Close Date: 09/17/2015

Multi Family

  • Gross Income: 45108.00
  • Metering: Electric Separate
  • Operating Expense: 12924.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2020 10/29/20 Sold $330,000 -12.0% $60 / Sq Ft
06/24/2020 06/24/20 For Sale $375,000 +29.3% $68 / Sq Ft
09/17/2015 09/17/15 Sold $290,000 -22.9% $52 / Sq Ft
06/16/2015 06/16/15 Pending -- -- --
10/15/2014 10/15/14 For Sale $375,900 -- $68 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Roberto Gonzalez

    Seller's Agent in 2020

    Roberto Gonzalez

    RG Realty, Inc.

    (301) 991-0207

    14 in this area

    193 Total Sales

    Roberto Gonzalez
    Section Image
  • Chris Horn

    Seller's Agent in 2015

    Chris Horn

    Real Estate Innovations

    (240) 818-7326

    24 Total Sales

    Chris Horn
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003231946

Bright MLS
Maryland Washington County Hagerstown 21740 South End

331 Summit Ave, Hagerstown, MD

This home is located at 331 Summit Ave, Hagerstown, MD 21740 and is currently priced at $290,000, approximately $52 per square foot. This property was built in 1910. 331 Summit Ave is a home located in Washington County with nearby schools including Bester Elementary School, E. Russell Hicks Middle School, and South Hagerstown High School.

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