Seller's Agent in 2019
Patty Smallwood
Maryland Real Estate Network
(301) 332-3876
7 in this area
184 Total Sales
401 Montgomery St Laurel, MD 20707
Estimated Value: $592,844 - $926,000
Studio
6
Baths
2,816
Sq Ft
$263/Sq Ft
Est. Value
Highlights
- No HOA
- Hot Water Heating System
- Historic Home
- Central Heating
About This Home
As of October 2019Located in downtown, Historic Laurel, this 3 level building has 4 one bedroom units on the two upper floors & is joined by a ground level commercial space currently leased to an insurance company. The entire building is currently leased. All windows in the building were replaced with vinyl windows in 2016. All units certified lead free by the State of Md. Rental license with City of Laurel is required. The building is walking distance to Laurel's Main Street shopping and dining as well as the MARC train station for commuting. There is some off street parking as well as nearby street parking. There is a central heating system for the building with window air units for cooling (9 units convey with property). Showings are by appointment only. Please discuss financing with your lender prior to viewing the building. Thank you. All questions and appointments through alternate agent LEE MORTON.
Last Agent to Sell the Property
(301) 332-3876 smllwd@verizon.net Maryland Real Estate Network License #RA-0031204 Listed on: 09/09/2019
Co-Listed By
Lee Morton
(240) 646-0622 leesaterp@aol.com Maryland Real Estate Network License #85295
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,260
Year Built
- Built in 1920 | Remodeled in 2016
Lot Details
- 8,742 Sq Ft Lot
- Historic Home
Home Design
- 2,816 Sq Ft Home
- Flat Roof Shape
- Tar and Gravel Roof
Parking
- On-Street Parking
- Off-Street Parking
Schools
- Laurel Elementary School
- Dwight D. Eisenhower Middle School
- Laurel High School
Utilities
- Window Unit Cooling System
- Central Heating
- Heating System Uses Oil
- Hot Water Heating System
- Oil Water Heater
- Municipal Trash
Additional Features
- Basement
Listing and Financial Details
- The owner pays for advertising/licenses and permits, common area maintenance, heat, heater maintenance contract, insurance, lawn/shrub care, management, repairs, pest control, sewer, real estate taxes, trash collection, water
- Tax Lot 15
- Assessor Parcel Number 17101018472
Community Details
Overview
- No Home Owners Association
- 4 Units
- 3-Story Building
- Laurel Subdivision
Building Details
- Income includes apartment rentals, professional offices
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2019
Closed on
Oct 22, 2019
Sold by
B & K Properties Llc
Bought by
Rds Properties Llc
Seller's Agent
Patty Smallwood
Maryland Real Estate Network
Buyer's Agent
Michael Burdett
Rosselle Realty Services
List Price
$595,000
Sold Price
$575,000
Premium/Discount to List
-$20,000
-3.36%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,211
Avg. Annual Appreciation
4.15%
Purchase Details
Closed on
Dec 9, 1997
Sold by
Phelps Susan M and Etal Robert B
Bought by
B & K Properties Llc
Purchase Details
Closed on
May 10, 1996
Sold by
Donaldson Donaldson H
Bought by
Phelps Susan M and Etal Robert B
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rds Properties Llc | $575,000 | Brennan Title Company | |
| B & K Properties Llc | $195,000 | -- | |
| Phelps Susan M | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2019 10/22/19 | Sold | $575,000 | -3.4% | $204 / Sq Ft |
| 09/26/2019 09/26/19 | Pending | -- | -- | -- |
| 09/12/2019 09/12/19 | For Sale | $595,000 | +3.5% | $211 / Sq Ft |
| 09/09/2019 09/09/19 | Off Market | $575,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $9,748 | $563,000 | $100,900 | $462,100 |
| 2024 | $9,748 | $526,667 | -- | -- |
| 2023 | $9,026 | $490,333 | $0 | $0 |
| 2022 | $8,286 | $454,000 | $100,900 | $353,100 |
| 2021 | $7,817 | $430,900 | $0 | $0 |
| 2020 | $7,398 | $407,800 | $0 | $0 |
| 2019 | $7,536 | $384,700 | $75,400 | $309,300 |
| 2018 | $6,623 | $363,567 | $0 | $0 |
| 2017 | $5,911 | $342,433 | $0 | $0 |
| 2016 | -- | $321,300 | $0 | $0 |
| 2015 | $5,439 | $318,933 | $0 | $0 |
| 2014 | $5,439 | $316,567 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Patty Smallwood
-
L
Seller Co-Listing Agent in 2019
Lee Morton
Maryland Real Estate Network
-
Michael Burdett
Buyer's Agent in 2019
Michael Burdett
Rosselle Realty Services
(202) 369-5183
44 Total Sales
Map
Source: Bright MLS
MLS Number: MDPG542256
APN: 10-1018472
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