NOT LISTED FOR SALE

503 Fayette St Cumberland, MD 21502

Estimated Value: $83,000 - $130,000

5 Beds
3 Baths
2,361 Sq Ft
$47/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $60,000 $25 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $646/month

About This Home

As of April 2021

Great investment opportunity as rental in a hot up-and-coming market.

Last Agent to Sell the Property

Justin Brewer

(443) 214-2014 justin@rextar.com Rextar, LLC License #6392 Listed on: 03/08/2021

Last Buyer's Agent

David Riddle Jr.

(301) 697-1658 driddle76@yahoo.com Charis Realty Group License #WVS210301554

Charis Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $970

Year Built

  • Built in 1857

Lot Details

  • 3,510 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,361 Sq Ft Home
  • Property has 2 Levels
  • Basement

Bedrooms and Bathrooms

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0106003982

Home Details

Home Type

Single Family

Est. Annual Taxes

$970

Year Built

Built in 1857

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1857
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Great investment opportunity as rental in a hot up-and-coming market.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Levels Count: 2
  • Basement: Yes
  • Total Sq Ft: 2361
  • Living Area Sq Ft: 2361
  • Price Per Sq Ft: 29.22
  • Above Grade Finished Sq Ft: 2361
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 503

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Spa: 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: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: ALLEGANY COUNTY PUBLIC SCHOOLS
  • School District Key: 121140562208
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 45200.00
  • Land Assessed Value: 6100.00
  • Land Use Code: 010
  • Lot Size Acres: 0.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3510.00
  • Year Assessed: 2021
  • Zoning: R
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 14911293
  • Tax Annual Amount: 970.00
  • Assessor Parcel Number: 0106003982
  • Tax Total Finished Sq Ft: 2361
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/19/2021

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Apr 20, 2021
Sold by
Baltimore Highlands Llc
Bought by
Yanky Justin
Seller's Agent
Justin Brewer
Rextar, LLC
Buyer's Agent
David Riddle Jr.
Charis Realty Group
List Price
$35,000
Sold Price
$60,000
Premium/Discount to List
$25,000
71.43%
Current Estimated Value
$110,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,957
Avg. Annual Appreciation
14.78%

Purchase Details

Listed on
Aug 13, 2020
Closed on
Dec 12, 2020
Sold by
Bankwalla Shahroakh
Bought by
Baltimore Highlands Llc
Seller's Agent
Craig Diehl
Ability Real Estate Service
Buyer's Agent
Craig Diehl
Ability Real Estate Service
List Price
$44,900
Sold Price
$32,000
Premium/Discount to List
-$12,900
-28.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
844.07%

Purchase Details

Closed on
Oct 29, 2020
Sold by
Carpenter Marsha
Bought by
Bankwalla Shahroakh

Purchase Details

Closed on
Mar 2, 2016
Bought by
Carpenter Marsha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.62%

Purchase Details

Closed on
Sep 21, 2011
Sold by
Bank Of New York Mellon Trust Co
Bought by
Bankwalla Shahroakh

Purchase Details

Closed on
Aug 23, 2011
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Bankwalla Shahroakh

Purchase Details

Closed on
Nov 9, 2010
Sold by
Nines Joy Ann
Bought by
Bank Of New York Mellon Trust Co and Statebridge Company Llc

Purchase Details

Closed on
Oct 17, 2006
Sold by
Morris David E and Morris Rosalind
Bought by
Nines Joy Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
9.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2006
Sold by
Morris David E and Morris Rosalind
Bought by
Nines Joy Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
9.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2005
Sold by
Dignan Christopher and Dignan Heather
Bought by
Morris David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,500
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 1998
Sold by
Shreve R Jean Walter S
Bought by
Dignan Christopher and Dignan Heather
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
Yanky Justin $60,000 None Available
Baltimore Highlands Llc $32,000 None Available
Bankwalla Shahroakh $27,920 None Available
Carpenter Marsha -- --
Bankwalla Shahroakh $30,000 --
Bankwalla Shahroakh $30,000 None Available
Bankwalla Shahroakh $30,000 --
Bank Of New York Mellon Trust Co $108,000 --
Nines Joy Ann $130,000 --
Nines Joy Ann $130,000 --
Morris David $18,000 --
Dignan Christopher $29,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carpenter Marsha $45,000
Previous Owner Carpenter Marsha --
Previous Owner Nines Joy Ann $104,000
Previous Owner Nines Joy Ann $104,000
Previous Owner Morris David $13,500
Closed Dignan Christopher --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/19/2021 04/19/21 Sold $60,000 -13.0% $25 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
03/26/2021 03/26/21 Price Changed $69,000 +97.1% $29 / Sq Ft
03/08/2021 03/08/21 For Sale $35,000 +9.4% $15 / Sq Ft
01/05/2021 01/05/21 Sold $32,000 -19.8% $14 / Sq Ft View Prior Sale
12/08/2020 12/08/20 Pending -- -- --
11/12/2020 11/12/20 Price Changed $39,900 -11.1% $17 / Sq Ft
08/13/2020 08/13/20 For Sale $44,900 -- $19 / 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 $693 $81,533 $0 $0
2024 $693 $73,967 $0 $0
2023 $618 $66,400 $6,100 $60,300
2022 $562 $60,533 $0 $0
2021 $511 $54,667 $0 $0
2020 $453 $48,800 $6,100 $42,700
2019 $447 $47,800 $0 $0
2018 $445 $46,800 $0 $0
2017 $435 $45,800 $0 $0
2016 $0 $45,800 $0 $0
2015 $690 $67,000 $0 $0
2014 $690 $71,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAL136352

Bright MLS

APN: 06-003982