S
Seller's Agent in 2024
Scott Clabaugh
Real Estate Teams, LLC
(301) 606-5082
6 in this area
14 Total Sales
402 E Main St Thurmont, MD 21788
Estimated Value: $244,000 - $411,531
--
Bed
2
Baths
2,760
Sq Ft
$127/Sq Ft
Est. Value
Highlights
- 0.9 Acre Lot
- 5 Car Detached Garage
- Radiator
About This Home
As of May 2024RARE OPPORTUNITY to own a 2-unit investment property with additional garage space rental income. Both units are 2-bedroom 1 bath. Several ways to look at this property. Rent the 2 units for full investment income or live in one unit and rent the other unit to keep cost of living down. Property in excellent structural condition with a new roof. Plenty of off-street parking and 5 garages convey along with a nice green space rear yard. Property can also have a commercial value for professional office space on the first floor with residential rental on the second floor. Purchaser to verify with Town of Thurmont. Convenient to schools, parks, restaurants, and stores. Both units are vacant and can be viewed without interruption. Passive income properties are hard to find in today's world. Hurry to make this one yours.
Last Agent to Sell the Property
Real Estate Teams, LLC License #632617 Listed on: 04/02/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,430
Year Built
- Built in 1915
Lot Details
- 0.9 Acre Lot
Parking
- 5 Car Detached Garage
- Front Facing Garage
- Driveway
Home Design
- Duplex
- Bi-Level Home
- Frame Construction
Schools
- Thurmont Elementary And Middle School
- Catoctin High School
Utilities
- Window Unit Cooling System
- Radiator
- Heating System Uses Oil
- Oil Water Heater
Listing and Financial Details
- Assessor Parcel Number 1115318686
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 2, 2024
Closed on
May 10, 2024
Sold by
Green Dorothy M
Bought by
Royer Samuel T and Hovermale Kathryn L
Seller's Agent
Scott Clabaugh
Real Estate Teams, LLC
Buyer's Agent
Scott Clabaugh
Real Estate Teams, LLC
List Price
$379,900
Sold Price
$370,000
Premium/Discount to List
-$9,900
-2.61%
Views
56
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
-$19,367
Avg. Annual Appreciation
-3.44%
Original Mortgage
$270,000
Outstanding Balance
$267,390
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
$86,668
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 |
|---|---|---|---|
| Royer Samuel T | $370,000 | Creekside Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Royer Samuel T | $270,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2024 05/10/24 | Sold | $370,000 | -2.6% | $134 / Sq Ft |
| 04/10/2024 04/10/24 | Pending | -- | -- | -- |
| 04/02/2024 04/02/24 | For Sale | $379,900 | -- | $138 / Sq Ft |
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 | $4,007 | $291,533 | -- | -- |
| 2024 | $4,007 | $260,667 | $0 | $0 |
| 2023 | $3,479 | $229,800 | $76,700 | $153,100 |
| 2022 | $3,431 | $226,567 | $0 | $0 |
| 2021 | $3,337 | $223,333 | $0 | $0 |
| 2020 | $3,290 | $220,100 | $76,700 | $143,400 |
| 2019 | $3,265 | $218,433 | $0 | $0 |
| 2018 | $3,288 | $216,767 | $0 | $0 |
| 2017 | $3,187 | $215,100 | $0 | $0 |
| 2016 | $3,629 | $209,833 | $0 | $0 |
| 2015 | $3,629 | $204,567 | $0 | $0 |
| 2014 | $3,629 | $199,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Bright MLS
MLS Number: MDFR2046566
APN: 15-318686
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