NOT LISTED FOR SALE

Estimated Value: $309,000 - $357,000

-- Bed
1 Bath
2,167 Sq Ft
$154/Sq Ft Est. Value

Last Sold October 19, 2023

Last sale price $537,000 $248 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $2,137/month

110 Days on Market

Highlights

  • Federal Architecture
  • Electric Baseboard Heater
  • Property is in very good condition
  • Parkway Elementary School Rated A-

About This Home

As of October 2023

**TWO SIDES OF A DOWNTOWN FREDERICK DUPLEX!** Sale includes 403 AND 403A W South St. Brick duplex with off-street parking. Each side is 2BD / 1BA. Live in one side and rent the other or rent both. Or purchase both units now and sell separately. Or use as an Airbnb! One side was recently renovated. Each side currently rents for $1650 ($3300 total gross rent per month). Two off street parking spaces directly behind the building. Two blocks from Baker Park. Rare opportunity, don't wait!

Last Agent to Sell the Property

Kimberly Ashkenazi

(240) 818-2762 kimberly.ashkenazi@gmail.com EXP Realty, LLC Listed on: 05/17/2023

EXP Realty, LLC

Last Buyer's Agent

Matthew Rota

(240) 529-3836 mattrota@kw.com Keller Williams Realty Centre License #660299

Keller Williams Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,760

Year Built

  • Built in 1860

Lot Details

  • 3,230 Sq Ft Lot
  • Property is in very good condition

Home Design

  • 2,167 Sq Ft Home
  • Duplex
  • Federal Architecture
  • Brick Exterior Construction
  • Stone Foundation

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Oil
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,760

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 2023-05-17
  • Year Built: 1860
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Foundation Details: Stone
  • Total Sq Ft: 2167
  • Living Area Sq Ft: 2167
  • Price Per Sq Ft: 253.81
  • Above Grade Finished Sq Ft: 2167
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric, Oil
  • Heating Type: Baseboard - Electric, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3230.00
  • Property Condition: Good, Very Good
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Total Actual Rent: 39600.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5760.00
  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2023

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Oct 19, 2023
Sold by
Steel City Development Ii Llc
Bought by
Chillemi Jeff
Seller's Agent
Kimberly Ashkenazi
EXP Realty, LLC
Buyer's Agent
Matthew Rota
Keller Williams Realty Centre
List Price
$550,000
Sold Price
$537,000
Premium/Discount to List
-$13,000
-2.36%
Views
390
Current Estimated Value
$333,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$203,632
Avg. Annual Appreciation
-19.56%
Original Mortgage
$261,000
Outstanding Balance
$256,049
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$77,319

Purchase Details

Closed on
May 31, 2005
Sold by
Martin Kenneth L and Martin Phyllis S
Bought by
Steel City Development Ii Llc

Purchase Details

Closed on
Dec 16, 1986
Sold by
Lushbaugh Gordon L and Lushbaugh Louann
Bought by
Martin Kenneth L and Martin Phyllis S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
9.35%
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
Chillemi Jeff $290,000 Assurance Title
Steel City Development Ii Llc $160,000 --
Martin Kenneth L $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chillemi Jeff $261,000
Previous Owner Martin Kenneth L $25,000
Closed Steel City Development Ii Llc --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2023 10/19/23 Sold $537,000 -2.4% $248 / Sq Ft
09/15/2023 09/15/23 For Sale $550,000 +2.4% $254 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
08/07/2023 08/07/23 Off Market $537,000 -- --
05/17/2023 05/17/23 For Sale $550,000 -- $254 / 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 $4,740 $290,500 $110,000 $180,500
2024 $4,740 $253,833 $0 $0
2023 $3,955 $217,167 $0 $0
2022 $3,291 $180,500 $59,000 $121,500
2021 $2,879 $157,133 $0 $0
2020 $2,454 $133,767 $0 $0
2019 $2,040 $110,400 $59,000 $51,400
2018 $2,047 $109,833 $0 $0
2017 $2,017 $110,400 $0 $0
2016 $2,080 $108,700 $0 $0
2015 $2,080 $108,700 $0 $0
2014 $2,080 $108,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR2034676

Bright MLS

APN: 02-116863