NOT LISTED FOR SALE

50 Citizens Way Frederick, MD 21701

Downtown Frederick Neighborhood

Estimated Value: $584,000 - $940,000

3 Beds
2 Baths
2,409 Sq Ft
$380/mo HOA Fee

Last Sold January 06, 2012

Last sale price $225,000 $93 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $5,213/month

139 Days on Market

Highlights

  • City View
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Parkway Elementary School Rated A-
  • Main Floor Bedroom
  • 2-minute walk to City of Frederick Dog Park

About This Home

As of January 2012

Close-Out Pricing! Overlooking Carroll Creek, Creekside Plaza's distinctive mixed-use design offers buyers comfort & convenience of low-maintenance/high-style luxury of downtown living along the historic Carroll Creek. Prepare to be pampered with reserved covered parking, artist designed skywalk, high-speed elevators, in-house banking & restaurant. Condo Shell waiting for your custom design.

Last Agent to Sell the Property

Gloria Castle

(301) 748-0661 castleteam@castleth.com Real Estate Teams, LLC License #AB065381 Listed on: 06/27/2011

Real Estate Teams, LLC

Last Buyer's Agent

Norys Garcia Villatoro

norys@lnf.com Long & Foster Real Estate, Inc. License #MRIS:3016919

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2007

Lot Details

  • 2,396

HOA Fees

  • $380 Monthly HOA Fees

Property Views

  • City
  • Canal
  • Mountain

Home Design

  • Fixer Upper
  • Brick Exterior Construction

Interior Spaces

  • 2,409 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Home Security System

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • Covered Parking
  • 2 Assigned Parking Spaces

Accessible Home Design

  • Accessible Elevator Installed
  • Level Entry For Accessibility
  • Ramp on the main level

Outdoor Features

  • Water Fountains
  • Outdoor Storage

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1102456354

Community Details

Overview

  • Association fees include custodial services maintenance, exterior building maintenance, lawn maintenance, management, reserve funds, sewer, snow removal, trash, water
  • 11 Units
  • Mid-Rise Condominium
  • Your Custom Design
  • Creekside Plaza Community

Additional Features

  • Security Service
  • Elevator

Property Details

Home Type

Condominium

Year Built

Built in 2007

Lot Details

0

HOA Fees

$380 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Accessibility Features: Elevator, Level Entry - Main, Ramp - Main Level
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Elevator, Entry Level Bedroom, Floor Plan - Open
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings, High
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2409
  • Above Grade Unfinished Sq Ft: 2409
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Secure Storage, Sidewalks, Street Lights, Water Fountains
  • View: Canal, City, Mountain
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Garage Features: Covered Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Under Ground
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 380.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Security
  • HOA Condo Co-Op Fee Includes: Custodial Services Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA: Yes

Lot Info

  • Improvement Assessed Value: 358000.00
  • Land Assessed Value: 179000.00
  • Property Condition: Major Rehab Needed
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11583256
  • Tax Annual Amount: 6573.60
  • Assessor Parcel Number: 1102456354
  • Tax Page Number: 58
  • County Tax Payment Frequency: Annually
  • Tax Year: 2010

Multi Family

  • Metering: Fully Separate

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2011
Closed on
Jan 6, 2012
Sold by
Creekside Plaza Llc
Bought by
Shahrooz Sheyda and Shahrooz Sam
Seller's Agent
Gloria Castle
Real Estate Teams, LLC
Buyer's Agent
Norys Garcia Villatoro
Long & Foster Real Estate, Inc.
List Price
$345,000
Sold Price
$225,000
Premium/Discount to List
-$120,000
-34.78%
Current Estimated Value
$742,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$517,855
Avg. Annual Appreciation
8.74%
Original Mortgage
$376,250
Outstanding Balance
$257,946
Interest Rate
3.98%
Mortgage Type
Construction
Estimated Equity
$470,865
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
Shahrooz Sheyda $225,000 Sage Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shahrooz Sheyda $376,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2012 01/06/12 Sold $225,000 -15.1% $93 / Sq Ft
11/13/2011 11/13/11 Pending -- -- --
06/29/2011 06/29/11 Price Changed $264,990 -23.2% $110 / Sq Ft
06/27/2011 06/27/11 For Sale $345,000 -- $143 / 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 $11,388 $650,000 $225,000 $425,000
2024 $11,388 $618,667 $0 $0
2023 $10,508 $587,333 $0 $0
2022 $10,008 $556,000 $185,000 $371,000
2021 $11,636 $556,000 $185,000 $371,000
2020 $9,977 $556,000 $185,000 $371,000
2019 $9,879 $556,000 $185,000 $371,000
2018 $9,820 $550,533 $0 $0
2017 $9,563 $556,000 $0 $0
2016 $5,768 $539,600 $0 $0
2015 $5,768 $539,600 $0 $0
2014 $5,768 $539,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2012

    Gloria Castle

    Real Estate Teams, LLC

    (301) 748-0661

    1 in this area

    27 Total Sales

    Gloria Castle
    Section Image

  • N

    Buyer's Agent in 2012

    Norys Garcia Villatoro

    Long & Foster

See All Agents

Map

Source: Bright MLS

MLS Number: 1004492444

Bright MLS

APN: 02-456354

Maryland Frederick County Frederick 21701 Downtown Frederick

50 Citizens Way, Frederick, MD

Not Listed for Sale

Condos

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