503 E Potomac St Brunswick, MD 21716
Estimated Value: $252,000 - $352,000
4
Beds
2
Baths
1,862
Sq Ft
$159/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Community Pool
- Hot Water Heating System
- No HOA
- Central Air
- 3-minute walk to Brunswick City Park
About This Home
As of October 2020SMART BUY ALERT! Property split into 2 residences. Upper residence 2 bedrooms, 1 full bath fully updated and renovated with living room and kitchen. Lower residence 2 beds, 1 full bath with living room and kitchen. Both apartments recently renovated. 2nd floor is currently unoccupied with no Lease in place. Lease on 1st floor thru Dec. 2020. Annual rental income $20,000+. Potential to purchase/finance as primary residence with tenant in 1st floor apartment paying the vast majority of your mortgage/bills! Inquire with Listing Agent for more info on great programs to make this SMART BUY! Also a great investment property to rent both apartments. P/L equals +$15k annually passive income. Separately metered. Don't miss this one! 24 hour notice on showings out of respect for Tenants privacy.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,149
Year Built
- Built in 1910
Lot Details
- 2,500 Sq Ft Lot
Home Design
- Traditional Architecture
- Shingle Siding
- Stone Siding
Interior Spaces
- Property has 2 Levels
Bedrooms and Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 3 Open Parking Spaces
- Parking Lot
Utilities
- Central Air
- Heating System Uses Oil
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 1125469607
Community Details
Overview
- No Home Owners Association
- Brunswick Subdivision
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 2, 2020
Closed on
Oct 30, 2020
Sold by
503 Llc
Bought by
Conrad Ian R and Macalpine Jill K
Seller's Agent
JT Smith
Compass
Buyer's Agent
Pamela Simmons
Mackintosh, Inc.
List Price
$214,900
Sold Price
$199,500
Premium/Discount to List
-$15,400
-7.17%
Total Days on Market
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,863
Avg. Annual Appreciation
8.50%
Original Mortgage
$159,600
Outstanding Balance
$144,498
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$144,921
Purchase Details
Closed on
Mar 25, 2002
Sold by
Sparrow David K and Sparrow Terry A
Bought by
503 Llc
Purchase Details
Closed on
Oct 22, 1993
Sold by
Metcalf W W
Bought by
Sparrow David K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.73%
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
Similar Homes in Brunswick, MD
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Conrad Ian R | $199,500 | None Available | |
| 503 Llc | $84,000 | -- | |
| Sparrow David K | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Conrad Ian R | $159,600 | |
| Previous Owner | 503 Llc | $200,000 | |
| Previous Owner | Sparrow David K | $20,000 | |
| Closed | 503 Llc | -- | |
| Closed | Sparrow David K | $57,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/30/2020 10/30/20 | Sold | $199,500 | -2.7% | $107 / Sq Ft |
| 09/18/2020 09/18/20 | Pending | -- | -- | -- |
| 09/15/2020 09/15/20 | Price Changed | $205,000 | -4.6% | $110 / Sq Ft |
| 09/02/2020 09/02/20 | For Sale | $214,900 | -- | $115 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $3,430 | $207,200 | $60,000 | $147,200 |
| 2023 | $3,049 | $189,400 | $0 | $0 |
| 2022 | $2,770 | $171,600 | $0 | $0 |
| 2021 | $2,492 | $153,800 | $35,000 | $118,800 |
| 2020 | $2,366 | $145,700 | $0 | $0 |
| 2019 | $2,239 | $137,600 | $0 | $0 |
| 2018 | $2,062 | $129,500 | $25,000 | $104,500 |
| 2017 | $2,118 | $129,500 | $0 | $0 |
| 2016 | $2,123 | $127,433 | $0 | $0 |
| 2015 | $2,123 | $126,400 | $0 | $0 |
| 2014 | $2,123 | $126,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
JT Smith
Seller's Agent in 2020
JT Smith
Compass
(202) 246-8967
5 in this area
76 Total Sales
-
Pamela Simmons
Buyer's Agent in 2020
Pamela Simmons
Mackintosh, Inc.
(240) 315-4528
1 in this area
2 Total Sales
Map
Source: Bright MLS
MLS Number: MDFR270262
APN: 25-469607
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