$405,000
SOLD JUL 8, 2020

424 Harford St Perryville, MD 21903

-- Bed
-- Bath
3,032 Sq Ft
0.43 Acres

Recently Sold

$134 Per Sq Ft

7% Below List Price

Highlights

  • Water Oriented
  • Central Air
  • Back and Front Yard
  • No HOA
  • Heat Pump System

About This Home

As of February 2022

Excellent Passive investment property at an 8.25% cap rate. Immaculate 4 unit apartment building on a Cul-de-sac street in Downtown Perryville. Fully leased with yearly leases and renewals. Total annual rental income of $51,540/year. All tenants are paid up through June and current on their rent through Covid. All 4 units are 2 bedroom units with full kitchens, bathrooms, full size washer and dryers, Electric central heating and AC. The units were remodeled between 2017 and 2018 with vinyl waterproof plank flooring, new paint, updated bathrooms and kitchens. There will be very low maintenance costs on this building moving forward for new ownership. Tenants pay for their own electric and cable and snow removal. Landlord pays for water/sewer, lawn, and (trash --covered in city taxes). 30 year fixed residential financing available for this type of property at historically low interest rates. Proof of funds required prior to showings. Do not walk on premises or disturb tenants.

Last Agent to Sell the Property

Donald Feazell

Garceau Realty License #76453 Listed on: 06/22/2020

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,106

Year Built

  • Built in 1987 | Remodeled in 2018

Lot Details

  • 0.43 Acre Lot
  • Back and Front Yard

Home Design

  • 3,032 Sq Ft Home
  • Quadruplex
  • Brick Exterior Construction
  • Vinyl Siding

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Driveway
  • Parking Lot
  • Off-Street Parking

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • Water Oriented
  • River Nearby

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for insurance, repairs, sewer, real estate taxes, water, trash collection
  • Assessor Parcel Number 0807031440

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $2,301
  • Maintenance Expense $6,000
  • Operating Expense $13,427
  • Gross Income $48,963
  • Net Operating Income $35,536

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,106

Year Built

Built in 1987 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2020-06-22
  • Year Built: 1987
  • Year Renovated: 2018
  • Building Winterized: No
  • Remarks Public: Excellent Passive investment property at an 8.25% cap rate. Immaculate 4 unit apartment building on a Cul-de-sac street in Downtown Perryville. Fully leased with yearly leases and renewals. Total annual rental income of $51,540/year. All tenants are paid up through June and current on their rent through Covid. All 4 units are 2 bedroom units with full kitchens, bathrooms, full size washer and dryers, Electric central heating and AC. The units were remodeled between 2017 and 2018 with vinyl waterproof plank flooring, new paint, updated bathrooms and kitchens. There will be very low maintenance costs on this building moving forward for new ownership. Tenants pay for their own electric and cable and snow removal. Landlord pays for water/sewer, lawn, and (trash --covered in city taxes). 30 year fixed residential financing available for this type of property at historically low interest rates. Proof of funds required prior to showings. Do not walk on premises or disturb tenants.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 3032
  • Living Area Sq Ft: 3032
  • Price Per Sq Ft: 143.47
  • Above Grade Finished Sq Ft: 3032
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 424

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Water Access: No
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 8

Utilities

  • 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
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CECIL COUNTY PUBLIC SCHOOLS
  • School District Key: 121139799812
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 191000.00
  • Land Assessed Value: 83400.00
  • Land Use Code: 104
  • Lot Features: Front Yard, Rear Yard
  • Lot Size Acres: 0.43
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18883.00
  • Year Assessed: 2020
  • Zoning: TC
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Insurance, Repairs, Sewer, Taxes - Real Estate, Water, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 51540.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4476900
  • Tax Annual Amount: 4106.00
  • Assessor Parcel Number: 0807031440
  • Tax Total Finished Sq Ft: 3032
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/08/2020

Multi Family

  • Gross Income: 48963.00
  • Gross Scheduled Income: 48963.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 13427.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: CECIL COUNTY PUBLIC SCHOOLS

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $555,000 -3.5% $183 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $575,000 +42.0% $190 / Sq Ft
07/08/2020 07/08/20 Sold $405,000 -6.9% $134 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/22/2020 06/22/20 For Sale $435,000 0.0% $143 / Sq Ft
02/04/2020 02/04/20 Rented $1,025 -6.8% --
12/30/2019 12/30/19 For Rent $1,100 0.0% --
03/12/2014 03/12/14 Sold $270,000 -9.1% --
12/31/2013 12/31/13 Pending -- -- --
10/29/2013 10/29/13 For Sale $297,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Donald Feazell

    Garceau Realty

    Section Image
  • Gene Drubetskoy

    Buyer's Agent in 2022

    Gene Drubetskoy

    EXP Realty, LLC

    (410) 322-0184

    1 in this area

    375 Total Sales

    Gene Drubetskoy
    Section Image
  • James Hevesy

    Seller's Agent in 2020

    James Hevesy

    Garceau Realty

    (443) 866-6148

    20 Total Sales

    James Hevesy
    Section Image
  • Maria Minico Hayes

    Seller Co-Listing Agent in 2014

    Maria Minico Hayes

    Garceau Realty

    (410) 652-8221

    150 Total Sales

    Maria Minico Hayes
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDCC169846

Bright MLS
Maryland Cecil County Perryville 21903

424 Harford St, Perryville, MD

This home is located at 424 Harford St, Perryville, MD 21903 and is currently priced at $405,000, approximately $133 per square foot. This property was built in 1987. 424 Harford St is a home located in Cecil County with nearby schools including Charlestown Elementary School, Perryville Middle School, and Perryville High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes