NOT LISTED FOR SALE

5 Park Ave Ridgely, MD 21660

Studio
-- Bath
3,200 Sq Ft
10,575 Sq Ft Lot

Sale Details

Date Sold: December 5, 2022

Last sale price $315,000 $98 Per Sq Ft

38 Days on Market

Highlights

  • No HOA
  • Electric Baseboard Heater
  • Storage Shed
  • Central Heating
  • Property is in very good condition

About This Home

As of December 2022

Great Investment Opportunity that pays for itself!! 4-unit multi-family. Each apt has 2 bedrooms, 1 w/walk-in closet, 1 bathroom, kitchen, dining and living room. All fully tiled, metal roof. Entrance to 2 apt from the front. Entrance to 2 other apts in the rear. All have separate meters. 2 storage sheds. Quiet tree-lined neighborhood in historic downtown Ridgely.

Last Agent to Sell the Property

Juliet Wells

(410) 822-9000 jwells@cbchesapeake.com Coldwell Banker Chesapeake Real Estate Company Listed on: 08/26/2022

Coldwell Banker Chesapeake Real Estate Company

Last Buyer's Agent

Crystal Smith

(443) 274-1900 crystal.m.smith@mail.com RE/MAX Executive

RE/MAX Executive
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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,104

Year Built

  • Built in 1940

Lot Details

  • 10,575 Sq Ft Lot
  • Property is in very good condition

Home Design

  • 3,200 Sq Ft Home
  • Quadruplex
  • Metal Roof
  • Plywood Siding Panel T1-11

Parking

  • Public Parking
  • Shared Driveway

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heat Pump System
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Electric Oven or Range
  • Storage Shed

Listing and Financial Details

  • The owner pays for insurance, repairs, personal property taxes, real estate taxes
  • Assessor Parcel Number 0607001169

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $33,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,104

Year Built

Built in 1940

Lot Details

10,575 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 3200
  • Living Area Sq Ft: 3200
  • Price Per Sq Ft: 93.72
  • Above Grade Finished Sq Ft: 3200
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: T-1-11
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Shared Driveway, Public
  • Type Of Parking: Driveway

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10575.00
  • Property Condition: Very Good
  • Zoning: C
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Term: 12 Months
  • Owner Pays: Insurance, Repairs, Taxes - Personal Property, Taxes - Real Estate
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4495773
  • Tax Annual Amount: 4104.00
  • Assessor Parcel Number: 0607001169
  • Tax Year: 2022

Multi Family

  • Gross Scheduled Income: 33960.00

MLS Schools

  • School District Name: CAROLINE COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2025
Sold by
Bought by

Purchase Details

Listed on
Aug 26, 2022
Closed on
Dec 5, 2022
Sold by
Bought by
Seller's Agent
Juliet Wells
Coldwell Banker Chesapeake Real Estate Company
Buyer's Agent
Crystal Smith
RE/MAX Executive
List Price
$299,900
Sold Price
$315,000
Premium/Discount to List
$15,100
5.04%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,500
Interest Rate
5.84%

Purchase Details

Closed on
Dec 28, 1989
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 1983
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$310,000 Atlantic Title
$315,000 In House Title
$249,500 --
$100,300 --
$105,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $189,000
Previous Owner $473,054
Previous Owner $35,000
Previous Owner $249,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/05/2022 12/05/22 Sold $315,000 +5.0% $98 / Sq Ft
08/26/2022 08/26/22 For Sale $299,900 -- $94 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,211 $279,300 $0 $0
2024 $3,982 $264,100 $43,600 $220,500
2023 $4,041 $264,100 $43,600 $220,500
2022 $4,104 $264,100 $43,600 $220,500
2021 $4,268 $282,300 $43,600 $238,700
2020 $4,268 $268,167 $0 $0
2019 $4,091 $254,033 $0 $0
2018 $3,825 $239,900 $43,600 $196,300
2017 $3,787 $236,500 $0 $0
2016 -- $233,100 $0 $0
2015 $3,312 $229,700 $0 $0
2014 $3,312 $229,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDCM2002168

Bright MLS
Your Personal Tour Guide

Ask me questions while you tour the home.