NOT LISTED FOR SALE

5 W Main St New Market, MD 21774

Estimated Value: $592,000

3 Beds
3.5 Baths
6,327 Sq Ft
$94/Sq Ft Est. Value

Last Sold August 11, 2014

Last sale price $200,000 $32 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $3,945/month

100 Days on Market

Highlights

  • Federal Architecture
  • 2 Fireplaces
  • Office or Studio
  • New Market Elementary School Rated A-
  • No HOA
  • 1-minute walk to Messennelle Park

About This Home

As of August 2014

The "Old National Hotel" is looking for new life! Unique New Market Residential/Commercial property has tons of potential for the right person. Main building allows you to live on the upper level while running a business on the main level. Two other buildings in rear of the courtyard. Let your imagination run wild with all the possibilities this property offers. Mold may exist, use caution!

Last Agent to Sell the Property

Kimberly Nicholson

Coldwell Banker Realty License #535648 Listed on: 03/19/2014

Coldwell Banker Realty

Last Buyer's Agent

Non Member Member

Metropolitan Regional Information Systems, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1870

Lot Details

  • 0.47 Acre Lot
  • Property is in below average condition
  • Property is zoned HD RA

Parking

  • Off-Street Parking

Home Design

  • Federal Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • 2 Fireplaces
  • Basement
  • Rear Basement Entry
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3.5 Bathrooms

Outdoor Features

  • Office or Studio
  • Shed

Utilities

  • 90% Forced Air Heating and Cooling System
  • Baseboard Heating
  • Well
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • New Market Historic District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1109250964

Home Details

Home Type

Single Family

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1870
  • Remarks Public: The "Old National Hotel" is looking for new life! Unique New Market Residential/Commercial property has tons of potential for the right person. Main building allows you to live on the upper level while running a business on the main level. Two other buildings in rear of the courtyard. Let your imagination run wild with all the possibilities this property offers. Mold may exist, use caution!
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Table Space
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Rear Entrance
  • Living Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3.00
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures List: Office/Studio, Shed
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 526900.00
  • Land Assessed Value: 133000.00
  • Lot Size Acres: 0.47
  • Lot Size Area: 20674
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20674.00
  • Property Condition: Below Average
  • Year Assessed: 2013
  • Zoning: HD RA
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11519987
  • Tax Annual Amount: 8552.30
  • Assessor Parcel Number: 1109250964
  • Tax Total Finished Sq Ft: 4668
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014
  • Close Date: 08/11/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2014
Closed on
Aug 11, 2014
Sold by
Northwest Savings Bank
Bought by
Old National Hotel & State Office Llc
Seller's Agent
Kimberly Nicholson
Coldwell Banker Realty
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$399,000
Sold Price
$200,000
Premium/Discount to List
-$199,000
-49.87%
Current Estimated Value
$592,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,000

Purchase Details

Closed on
Feb 24, 2014
Sold by
Kmj Investments Llc
Bought by
Northwest Savings Bank

Purchase Details

Closed on
Mar 9, 2006
Sold by
Press Stephen J and Press Sharon G.
Bought by
Kmj Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 1, 2006
Sold by
Press Stephen J and Press Sharon G.
Bought by
Kmj Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 29, 2003
Sold by
Kindness Gordon R
Bought by
Press Stephen J and Press Sharon G
Source: Public Records

Range of Values:

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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
Old National Hotel & State Office Llc $200,000 None Available
Northwest Savings Bank $465,000 None Available
Kmj Investments Llc $717,500 --
Kmj Investments Llc $717,500 --
Press Stephen J $489,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kmj Investments Llc $219,000
Previous Owner Kmj Investments Llc $100,000
Previous Owner Kmj Investments Llc $425,000
Previous Owner Kmj Investments Llc $425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2014 08/11/14 Sold $200,000 -49.9% $32 / Sq Ft
06/27/2014 06/27/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $399,000 +99.5% $63 / Sq Ft
06/11/2014 06/11/14 Off Market $200,000 -- --
03/19/2014 03/19/14 For Sale $399,000 -- $63 / 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 $8,452 $681,600 -- --
2024 $8,452 $616,300 $240,500 $375,800
2023 $7,528 $568,000 $0 $0
2022 $6,909 $519,700 $0 $0
2021 $6,278 $471,400 $140,100 $331,300
2020 $6,278 $471,400 $140,100 $331,300
2019 $6,290 $471,400 $140,100 $331,300
2018 $9,036 $680,000 $140,100 $539,900
2017 $8,878 $680,000 $0 $0
2016 $9,181 $666,600 $0 $0
2015 $9,181 $659,900 $0 $0
2014 $9,181 $659,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Nicholson

    Seller's Agent in 2014

    Kimberly Nicholson

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (443) 324-1272

    24 Total Sales

    Section Image

  • N

    Buyer's Agent in 2014

    Non Member Member

    Metropolitan Regional Information Systems

See All Agents

Map

Source: Bright MLS

MLS Number: 1002879936

Bright MLS

APN: 09-250964

Maryland Frederick County New Market 21774

5 W Main St, New Market, MD

This home is located at 5 W Main St, New Market, MD 21774 since 19 March 2014 and is currently priced at $592,000, approximately $93 per square foot. This property was built in 1870. 5 W Main St is a home located in Frederick County with nearby schools including New Market Elementary School, New Market Middle School, and Linganore High School.

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