NOT LISTED FOR SALE

Estimated Value: $586,000 - $663,000

-- Bed
4 Baths
1,920 Sq Ft
$331/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $650,000 $339 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,185/month

9 Days on Market

Highlights

  • Colonial Architecture
  • Terrace
  • Brick Porch or Patio
  • Wood Flooring
  • Skylights
  • 1-minute walk to City of Frederick Dog Park

About This Home

As of March 2024

Introducing a unique Investment opportunity located on South Street in downtown Frederick, MD!
This offering includes two distinct buildings. The first, 4 W South, is a charming two level residence featuring two bedrooms, one bathroom, an efficient kitchen, hardwood flooring and a distinctive outdoor space . The second building exudes an industrial aesthetic and houses a two-unit apartment complex. The main floor unit (6A) is a spacious one-bed, one-bath layout with cement floors, large kitchen with skylight. The upper floors form a cohesive unit, with the second floor offering a one-bed, one-bath living space and kitchen, while the third floor loft, accessible by a spiral staircase, opens into a generously sized room with a wall of windows flooding the space with natural light and leading to an exceedingly impressive rooftop terrace/balcony.
This property promises a blend of character, versatility, and urban living, making it an ideal investment in the heart of Frederick! Just steps away from Market St., with restaurants, breweries, and activities galore!

Last Listed By

Christine Reeder

Long & Foster Real Estate, Inc. License #581222 Listed on: 02/26/2024

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,892

Year Built

  • Built in 1860

Lot Details

  • 1,953 Sq Ft Lot
  • Downtown Location

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Metal Roof
  • Aluminum Siding
  • Asphalt

Interior Spaces

  • Ceiling Fan
  • Skylights

Flooring

  • Wood
  • Concrete
  • Ceramic Tile
  • Vinyl

Accessible Home Design

  • Level Entry For Accessibility

Outdoor Features

  • Brick Porch or Patio
  • Terrace
  • Breezeway

Schools

  • Lincoln Elementary School
  • Crestwood Middle School
  • Tuscarora High School

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1102046954

Community Details

Overview

  • 3 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals, laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,892

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Colonial, Loft, Unit/Flat
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1860
  • Automatically Close On Close Date: No
  • Remarks Public: Introducing a unique Investment opportunity located on South Street in downtown Frederick, MD! This offering includes two distinct buildings. The first, 4 W South, is a charming two level residence featuring two bedrooms, one bathroom, an efficient kitchen, hardwood flooring and a distinctive outdoor space . The second building exudes an industrial aesthetic and houses a two-unit apartment complex. The main floor unit (6A) is a spacious one-bed, one-bath layout with cement floors, large kitchen with skylight. The upper floors form a cohesive unit, with the second floor offering a one-bed, one-bath living space and kitchen, while the third floor loft, accessible by a spiral staircase, opens into a generously sized room with a wall of windows flooding the space with natural light and leading to an exceedingly impressive rooftop terrace/balcony. This property promises a blend of character, versatility, and urban living, making it an ideal investment in the heart of Frederick! Just steps away from Market St., with restaurants, breweries, and activities galore!
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Ceramic Tile, Hardwood, Vinyl, Concrete
  • Interior Amenities: Skylight(s), Wood Floors
  • Fireplace: No
  • Total Sq Ft: 2880
  • Living Area Sq Ft: 1920
  • Price Per Sq Ft: 338.54
  • Above Grade Finished Sq Ft: 1920
  • Below Grade Sq Ft: 960
  • Total Below Grade Sq Ft: 960
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Asphalt, Aluminum Siding
  • 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, Ductless/Mini-Split, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: FREDERICK COUNTY PUBLIC SCHOOLS
  • Elementary School: LINCOLN
  • Middle School: CRESTWOOD
  • High School: TUSCARORA
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121139693024
  • School District Source: Listing Agent
  • Elementary School: LINCOLN
  • High School: TUSCARORA
  • Middle Or Junior School: CRESTWOOD

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1953.00
  • Outdoor Living Structures: Breezeway, Brick, Roof, Terrace
  • Year Assessed: 2023
  • Zoning: DR
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 1
  • Owner Pays: None
  • Rent Control: No
  • Total Actual Rent: 57180.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6892.00
  • Assessor Parcel Number: 1102046954
  • Tax Total Finished Sq Ft: 1920
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 03/29/2024

Multi Family

  • Gross Income: 57180.00
  • Income Includes: Apartment Rentals, Laundry

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2024
Sold by
Stup Cristy Ann and Jenkins David Erin
Bought by
Stup-Jenkinsrevocable Trust and Jenkins
Total Days on Market
9
Current Estimated Value
$635,830

Purchase Details

Listed on
Feb 26, 2024
Closed on
Mar 26, 2024
Sold by
Kleinhans Kenneth and Kleinhans Judith
Bought by
Stup Ann and Jenkins David Erin
Seller's Agent
Christine Reeder
Long & Foster Real Estate, Inc.
Buyer's Agent
Cristy Stup
Frederick Town Realty
List Price
$650,000
Sold Price
$650,000
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.75%
Original Mortgage
$487,500
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2019
Sold by
Kleinhans Lyle and Kleinhans Bonita
Bought by
Kleinhans Judith and Kleinhans Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2003
Sold by
Fred'K Union Rescue Mission Inc
Bought by
Kleinhans Lyle and Kleinhans Bonita

Range of Values:

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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
Stup-Jenkinsrevocable Trust -- None Listed On Document
Stup Ann $650,000 Lawyers Signature Settlements
Kleinhans Judith $375,000 Olde Towne Title Inc
Kleinhans Lyle $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stup Ann $487,500
Previous Owner Kleinhans Kenneth $254,500
Previous Owner Kleinhans Judith $262,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $650,000 0.0% $339 / Sq Ft
03/06/2024 03/06/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $650,000 -- $339 / 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 $7,513 $401,900 $0 $0
2023 $6,975 $383,400 $0 $0
2022 $6,622 $364,900 $122,000 $242,900
2021 $6,342 $357,567 $0 $0
2020 $6,342 $350,233 $0 $0
2019 $6,210 $342,900 $122,000 $220,900
2018 $6,122 $334,933 $0 $0
2017 $5,920 $342,900 $0 $0
2016 $5,796 $319,000 $0 $0
2015 $5,796 $318,567 $0 $0
2014 $5,796 $318,133 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR2044848

Bright MLS

APN: 02-046954