NOT LISTED FOR SALE

333 Madison St Frederick, MD 21701

Carrollton Neighborhood

Estimated Value: $371,000 - $399,000

Studio
3 Baths
1,368 Sq Ft
$281/Sq Ft Est. Value

Last Sold August 26, 2020

Last sale price $230,000 $168 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,453/month

218 Days on Market

Highlights

  • Colonial Architecture
  • Electric Baseboard Heater
  • Property is in very good condition
  • No HOA

About This Home

As of August 2020

Rare opportunity to own an income property in desirable downtown Frederick. This cute two unit building is ready to go. Main level 1 bedroom unit and upper level 2 bedroom unit. Basement makes for great storage it does has plumbing but has no egress windows. Off street parking at the back of the lot. Days on market is not accurate for active days on market. It was under contract for more then a month. 2nd buyers financing fell through 2 days before settlement!

Last Agent to Sell the Property

Cassandra Bailey

(301) 788-2549 cassandra@cassandrabailey.com Maryland Elite Realtors License #34873 Listed on: 01/06/2020

Last Buyer's Agent

Jessica Underwood

(202) 316-2646 jessica@jrcapitalrealestate.com JR Capital Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,061

Year Built

  • Built in 1890

Lot Details

  • 6,080 Sq Ft Lot
  • Property is in very good condition

Parking

  • Off-Street Parking

Home Design

  • 1,368 Sq Ft Home
  • Duplex
  • Colonial Architecture

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Basement

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 1102036843

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,061

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Total Sq Ft: 1368
  • Living Area Sq Ft: 1368
  • Price Per Sq Ft: 175.37
  • Above Grade Finished Sq Ft: 1368
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Refuse: 88.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 100200.00
  • Land Assessed Value: 102000.00
  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6080.00
  • Property Condition: Very Good
  • Zoning: DR
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11498442
  • Tax Annual Amount: 3061.00
  • Assessor Parcel Number: 1102036843
  • Tax Lot: 16
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2022
Sold by
Ruth Underwood Jessica
Bought by
Jr Capital Broadway I Llc
Current Estimated Value
$384,144

Purchase Details

Closed on
Mar 8, 2021
Sold by
Jr Capital Broadway Ii Llc
Bought by
Underwood Jessica Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,674,002
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2020
Closed on
Aug 12, 2020
Sold by
Wilmington Savings Fund Society Fsb
Bought by
Jr Capital Broadway Ii Llc
Seller's Agent
Cassandra Bailey
Maryland Elite Realtors
Buyer's Agent
Jessica Underwood
JR Capital Real Estate LLC
List Price
$249,900
Sold Price
$230,000
Premium/Discount to List
-$19,900
-7.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.04%
Original Mortgage
$230,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2019
Sold by
Edwards Kevin J and Hart Edwards Angela D
Bought by
Wilmington Savings Fund Society Fsb and Hilldale Trust

Purchase Details

Closed on
Feb 5, 2007
Sold by
Henry Patrick E
Bought by
Edwards Kevin J and Har Angela D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,850
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2007
Sold by
Henry Patrick E
Bought by
Edwards Kevin J and Har Angela D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,850
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 1998
Sold by
Govotsos Demetrius and Govotsos Judith
Bought by
Henry Patrick E

Purchase Details

Closed on
Nov 26, 1984
Sold by
Dorsey Warren G and C B
Bought by
Govotsos Demetrius and Govotsos Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,250
Interest Rate
13.55%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jr Capital Broadway I Llc -- Foley John P
Underwood Jessica Ruth -- None Available
Jr Capital Broadway Ii Llc $230,000 Title Clearing & Escrow Llc
Wilmington Savings Fund Society Fsb $423,722 Accommodation
Edwards Kevin J $226,500 --
Edwards Kevin J $226,500 --
Henry Patrick E $82,000 --
Govotsos Demetrius $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Underwood Jessica Ruth $2,674,002
Previous Owner Jr Capital Broadway Ii Llc $230,000
Previous Owner Edwards Kevin J $203,850
Previous Owner Edwards Kevin J $203,850
Previous Owner Govotsos Demetrius $38,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2020 08/26/20 Sold $230,000 -4.1% $168 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
06/17/2020 06/17/20 Price Changed $239,900 -4.0% $175 / Sq Ft
05/24/2020 05/24/20 For Sale $249,900 0.0% $183 / Sq Ft
03/18/2020 03/18/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $249,900 0.0% $183 / Sq Ft
01/24/2020 01/24/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $249,900 -- $183 / 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 $5,343 $314,600 $130,200 $184,400
2024 $5,343 $277,133 $0 $0
2023 $4,532 $239,667 $0 $0
2022 $3,676 $202,200 $102,000 $100,200
2021 $3,469 $190,333 $0 $0
2020 $3,275 $178,467 $0 $0
2019 $3,034 $166,600 $62,000 $104,600
2018 $2,949 $165,300 $0 $0
2017 $2,957 $166,600 $0 $0
2016 $3,009 $162,700 $0 $0
2015 $3,009 $162,300 $0 $0
2014 $3,009 $161,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cassandra Bailey

    Seller's Agent in 2020

    Cassandra Bailey

    Maryland Elite Realtors

    (301) 788-2549

    1 in this area

    98 Total Sales

    Cassandra Bailey
    Section Image
  • Jessica Underwood

    Buyer's Agent in 2020

    Jessica Underwood

    JR Capital Real Estate LLC

    (202) 316-2646

    3 in this area

    9 Total Sales

    Jessica Underwood
    Section Image
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Map

Source: Bright MLS

MLS Number: MDFR258190

Bright MLS

APN: 02-036843

Maryland Frederick County Frederick 21701 Carrollton

333 Madison St, Frederick, MD

Not Listed for Sale

MultiFamily

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