NOT LISTED FOR SALE

367 Main St Laurel, MD 20707

Estimated Value: $521,730 - $552,000

Studio
-- Bath
3,366 Sq Ft
$159/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $325,000 $97 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,520/month

57 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of June 2017

ACTUAL ADDRESSES ARE 367-371 BEING CONVEYED. GREAT POTENTIAL, HAS 4 + UNITS, ONE OFFICE SUITE, ONE SALON WHICH IS OCCUPIED, AND 2 ONE BEDROOM APARTMENTS WITH ATTRACTIVE LAYOUTS WITH FRONT AND REAR ACCESS. BASEMENT TOTALLY FINISHED WITH KITCHEN AND BATH BUT NOT CERTAIN OF ZONING RESTRICTIONS FOR OCCUPANCY, PERHAPS ONLY OFFICE USE THERE ARE NO WINDOWS. AMPLE PARKING IN REAR, NEEDS WORK BUT GOOD VALU

Last Agent to Sell the Property

Susan Wiest

(410) 960-1302 susan@cummingsrealtors.com Cummings & Co. Realtors Listed on: 02/27/2017

Cummings & Co. Realtors

Last Buyer's Agent

David Maplesden

(202) 270-7253 david@maplesdengroup.com Samson Properties License #90067

Samson Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 4,950 Sq Ft Lot
  • Property is in below average condition

Parking

  • Off-Street Parking

Home Design

  • Aluminum Siding
  • Vinyl Siding

Finished Basement

  • Rear Basement Entry

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for real estate taxes, insurance
  • Tax Lot 18
  • Assessor Parcel Number 17101129204

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Laurel Subdivision

Building Details

  • Operating Expense $10,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Rear Entrance, Outside Entrance, Fully Finished
  • Price Per Sq Ft: 106.92

Exterior Features

  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Construction Completed: No
  • 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: 579.63
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard, Forced Air
  • 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

  • Lot Size Acres: 0.11
  • Lot Size Area: 4950
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4950.00
  • Property Condition: Below Average
  • Zoning: CG
  • In City Limits: Yes

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Taxes - Real Estate, Insurance
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 10971.25
  • Assessor Parcel Number: 17101129204
  • Tax Lot: 18
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

Multi Family

  • Gross Income: 50000.00
  • Operating Expense: 10000.00
  • Vacancy Allowance Rate: 10.00

MLS Schools

  • School District Name: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2017
Closed on
Jun 27, 2017
Sold by
Liebmann George W
Bought by
Hishmeh Jamil and Hishmeh Marwan
Seller's Agent
Susan Wiest
Cummings & Co. Realtors
Buyer's Agent
David Maplesden
Samson Properties
List Price
$359,900
Sold Price
$325,000
Premium/Discount to List
-$34,900
-9.7%
Current Estimated Value
$515,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,698
Avg. Annual Appreciation
6.03%

Purchase Details

Closed on
Oct 10, 2003
Sold by
Weir Lester P and Weir Mary P
Bought by
Smit

Purchase Details

Closed on
Aug 8, 1983
Sold by
Fendler Kent W
Bought by
Weir Lester P and Weir Mary P
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
Hishmeh Jamil $325,000 Bayview Title Llc
Smit $169,000 --
Weir Lester P $125,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2017 06/30/17 Sold $325,000 -9.7% $97 / Sq Ft
04/25/2017 04/25/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $359,900 0.0% $107 / Sq Ft
04/12/2017 04/12/17 Pending -- -- --
04/06/2017 04/06/17 Price Changed $359,900 -9.8% $107 / Sq Ft
02/27/2017 02/27/17 For Sale $399,000 -- $119 / 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 $10,212 $556,000 $259,000 $297,000
2024 $10,212 $536,400 -- --
2023 $9,787 $516,800 $0 $0
2022 $9,339 $497,200 $259,000 $238,200
2021 $9,129 $489,000 $0 $0
2020 $8,975 $480,800 $0 $0
2019 $9,336 $472,600 $259,000 $213,600
2018 $9,346 $472,600 $259,000 $213,600
2017 $9,938 $503,600 $0 $0
2016 -- $556,900 $0 $0
2015 $11,442 $557,000 $0 $0
2014 $11,442 $557,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002360232

Bright MLS

APN: 10-1129204