NOT LISTED FOR SALE

411 S Liberty St Centreville, MD 21617

Estimated Value: $585,968 - $615,000

-- Bed
3 Baths
4,094 Sq Ft
$146/Sq Ft Est. Value

Last Sold September 18, 2023

Last sale price $568,000 $139 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,702/month

60 Days on Market

Highlights

  • 0.44 Acre Lot
  • Heat Pump System
  • 4-minute walk to Millstream Park
  • Central Air

About This Home

As of September 2023

All showings to be during scheduled open houses Thursday and Saturday. Please have your agent register their interest with co-listing agent.

Welcome to 411 S Liberty Street, Centreville, MD 21617 - an exceptional investment opportunity in the heart of historic downtown Centreville. This fully leased, renovated 3-unit property offers a prime location, modern amenities, and tremendous potential. With its desirable features and attractive income potential, this property is a dream for investors seeking stable returns in a vibrant community.

The property boasts a well-maintained exterior highlighted by a new roof and ample parking, ensuring convenience for both tenants and visitors. Situated on the main street, this property benefits from excellent visibility and easy access to the vibrant downtown area, where charming shops, restaurants, and local businesses create a lively atmosphere.


Each unit within this triplex has been thoughtfully designed to offer comfortable living spaces. The first two units feature 3 bedrooms and 1.5 baths, providing ample room for those seeking spacious accommodations. The third unit offers 2 bedrooms and 1.5 baths, catering to those seeking a cozy yet functional living environment. With separate meters for each unit, tenants can easily manage their own utilities, enhancing convenience and cost-efficiency.

The recent upgrades, including two brand new HVAC units and a third unit installed just a few years ago, ensure optimal comfort for tenants while minimizing maintenance costs. These modern amenities, combined with the property's overall renovations, make it an attractive option for tenants seeking quality rentals in Centreville.

The property presents a remarkable opportunity for expansion. Pending approval from the local governing body, an additional unit could be added, maximizing the property's income potential and further solidifying its value as an investment. This flexibility allows investors to adapt to changing market demands and capitalize on future growth.

Centreville, MD, itself offers a multitude of benefits for real estate investors. Its rich history and small-town charm make it an appealing destination for residents and visitors alike. With its convenient location within Queen Anne's County, residents enjoy easy access to nearby cities such as Annapolis and Baltimore, as well as the picturesque Chesapeake Bay and its recreational opportunities. The strong local economy, coupled with a growing population, provides a stable foundation for long-term rental demand and potential appreciation.

411 S Liberty Street presents a unique opportunity to own a fully leased, renovated 3-unit property in historic downtown Centreville, MD. With its prime location, updated amenities, potential for expansion, and the benefits of investing in Centreville's thriving real estate market, this property is a wise choice for investors seeking a promising income-generating asset. Don't miss your chance to acquire this exceptional investment property - schedule a showing today and secure your future in Centreville!

Last Agent to Sell the Property

Phil Gerdes

(443) 694-7366 philgerdes@thegerdesteam.com Real Broker, LLC - Annapolis License #0225261065 Listed on: 07/13/2023

Real Broker, LLC - Annapolis

Last Buyer's Agent

Pieter de Dreu

(443) 632-7378 pietdedreu@yahoo.com Corner House Realty License #651785

Corner House Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,973

Year Built

  • Built in 1905

Lot Details

  • 0.44 Acre Lot

Home Design

  • Triplex
  • Converted Dwelling
  • Frame Construction

Interior Spaces

  • 4,094 Sq Ft Home
  • Crawl Space

Parking

  • 15 Parking Spaces
  • 15 Driveway Spaces
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for water, insurance, management, repairs, sewer, real estate taxes, trash collection
  • Assessor Parcel Number 1803010686

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,973

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-07-13
  • Year Built: 1905
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Foundation Details: Crawl Space
  • Total Sq Ft: 4094
  • Living Area Sq Ft: 4094
  • Price Per Sq Ft: 143.50
  • Above Grade Finished Sq Ft: 4094
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 15
  • Type Of Parking: Driveway, Off Street, On Street, Parking Lot
  • Number of Spaces in Driveway: 15

Utilities

  • Refuse: 185.40
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.44
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19125.00
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Water, Insurance, Management, Repairs, Sewer, Taxes - Real Estate, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 60540.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4973.00
  • Assessor Parcel Number: 1803010686
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2008
Sold by
Murdoch John L
Bought by
Murdoch John L and Murdoch Sharon
Current Estimated Value
$599,742

Purchase Details

Closed on
Dec 16, 2008
Sold by
Murdoch John L
Bought by
Murdoch John L and Murdoch Sharon

Purchase Details

Closed on
Mar 13, 2000
Sold by
Murdoch John L and Murdoch Sharon
Bought by
Thomas Andrew W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,204
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 6, 1986
Sold by
Pinder Clarence E And
Bought by
Slocum Margueretta L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
9.89%
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
Murdoch John L -- --
Murdoch John L -- --
Thomas Andrew W $320,000 Liberty Title & Escrow Co
Slocum Margueretta L $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas Andrew W $314,204
Previous Owner Slocum Margueretta L $24,000
Closed Murdoch John L --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2023 09/18/23 Sold $568,000 -3.3% $139 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
09/11/2023 09/11/23 Price Changed $587,500 -2.1% $144 / Sq Ft
08/21/2023 08/21/23 For Sale $599,990 0.0% $147 / Sq Ft
07/16/2023 07/16/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $599,990 -- $147 / 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 $6,488 $481,667 $0 $0
2024 $5,991 $444,800 $117,200 $327,600
2023 $5,385 $399,800 $0 $0
2022 $4,779 $354,800 $0 $0
2021 $4,226 $309,800 $90,900 $218,900
2020 $3,808 $305,467 $0 $0
2019 $3,750 $301,133 $0 $0
2018 $4,049 $296,800 $95,900 $200,900
2017 $3,684 $292,967 $0 $0
2016 -- $289,133 $0 $0
2015 $4,244 $285,300 $0 $0
2014 $4,244 $285,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA2006962

Bright MLS

APN: 03-010686