NOT LISTED FOR SALE

505 Lancaster Place Frederick, MD 21703

Frederick Heights/Overlook Neighborhood

Estimated Value: $319,000 - $331,000

3 Beds
1.5 Baths
1,088 Sq Ft
$298/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $216,500 $199 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,099/month

9 Days on Market

Highlights

  • Colonial Architecture
  • Frederick High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of July 2020

Pristine townhome in the sought after Willow bend Community is in absolute move in condition and was fully renovated in 2016. Main level offers hardwood floors, an updated kitchen with granite countertops and stainless steel appliances. Upgrade water filtration system. Upstairs has 3 bedrooms and a spacious master bedroom. Fully fenced back yard. HOA FEE HANDELS LAWN CARE. Close proximity to shopping, dining, restaurants, and a short drive to all that Downtown Frederick has to offer.

Last Agent to Sell the Property

Aaron Marsh

(240) 674-3227 amarsh@vt.edu Marsh Realty License #533267 Listed on: 05/15/2020

Last Buyer's Agent

Mayra Cisneros

(703) 629-5342 m_lisscisneros@hotmail.com America's Choice Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,354

Year Built

  • Built in 1988

Lot Details

  • 1,543 Sq Ft Lot

HOA Fees

  • $40 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,088 Sq Ft Home
  • Property has 2 Levels

Kitchen

  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • 2 Assigned Parking Spaces

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Water Heater

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 1102146428

Community Details

Overview

  • Willow Bend Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,354

Year Built

Built in 1988

Lot Details

0

HOA Fees

$40 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2020-05-15
  • Federal Flood Zone: No
  • Year Built: 1988
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Refrigerator, Stove, Washer, Water Heater
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1088
  • Living Area Sq Ft: 1088
  • Price Per Sq Ft: 198.99
  • Above Grade Finished Sq Ft: 1088
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: On Street

Utilities

  • Refuse: 88.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 40.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 136200.00
  • Land Assessed Value: 75000.00
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1543.00
  • Zoning: R12
  • In City Limits: Yes

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11508704
  • Tax Annual Amount: 3354.00
  • Assessor Parcel Number: 1102146428
  • Tax Lot: 6
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Jun 29, 2020
Sold by
Limbacher Michael W and Limbacher Ayu
Bought by
Ruiz Victor
Seller's Agent
Aaron Marsh
Marsh Realty
Buyer's Agent
Mayra Cisneros
America's Choice Realty
List Price
$208,900
Sold Price
$216,500
Premium/Discount to List
$7,600
3.64%
Current Estimated Value
$324,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,771
Avg. Annual Appreciation
7.62%
Original Mortgage
$174,501
Outstanding Balance
$155,023
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$169,248

Purchase Details

Listed on
Sep 15, 2015
Closed on
Mar 1, 2016
Sold by
Alban Place Limited Partnership
Bought by
Limbacher Michael W and Jelita Ayu L
Seller's Agent
Michael Muren
Long & Foster Real Estate, Inc.
Buyer's Agent
Ed Brady
Showcase Real Estate, Inc.
List Price
$183,150
Sold Price
$183,600
Premium/Discount to List
$450
0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.83%
Original Mortgage
$7,500
Interest Rate
3.72%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Ruiz Victor $216,500 Premier Title & Setmnt Co
Limbacher Michael W $183,600 Frederick Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Victor $174,501
Previous Owner Limbacher Michael W $7,500
Previous Owner Limbacher Michael W $177,706
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2020 07/17/20 Sold $216,500 0.0% $199 / Sq Ft
05/24/2020 05/24/20 Pending -- -- --
05/24/2020 05/24/20 Price Changed $216,500 +3.6% $199 / Sq Ft
05/22/2020 05/22/20 For Sale $208,900 0.0% $192 / Sq Ft
05/16/2020 05/16/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $208,900 +13.8% $192 / Sq Ft
03/01/2016 03/01/16 Sold $183,600 +0.2% $169 / Sq Ft View Prior Sale
09/15/2015 09/15/15 Pending -- -- --
09/15/2015 09/15/15 For Sale $183,150 -- $168 / 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 $4,372 $265,100 $85,000 $180,100
2024 $4,372 $247,133 $0 $0
2023 $4,045 $229,167 $0 $0
2022 $3,836 $211,200 $75,000 $136,200
2021 $3,582 $201,800 $0 $0
2020 $3,491 $192,400 $0 $0
2019 $3,324 $183,000 $40,000 $143,000
2018 $2,595 $145,500 $0 $0
2017 $1,331 $183,000 $0 $0
2016 $1,363 $70,500 $0 $0
2015 $1,363 $70,500 $0 $0
2014 $1,363 $70,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Aaron Marsh

    Seller's Agent in 2020

    Aaron Marsh

    Marsh Realty

    (240) 674-3227

    1 in this area

    88 Total Sales

    Aaron Marsh
    Section Image
  • Mayra Cisneros

    Buyer's Agent in 2020

    Mayra Cisneros

    America's Choice Realty

    (703) 629-5342

    1 in this area

    250 Total Sales

    Mayra Cisneros
    Section Image
  • Michael Muren

    Seller's Agent in 2016

    Michael Muren

    Long & Foster Real Estate, Inc.

    (301) 524-4471

    3 in this area

    273 Total Sales

    Michael Muren
    Section Image
  • Ed Brady

    Buyer's Agent in 2016

    Ed Brady

    Showcase Real Estate, Inc.

    (301) 648-6000

    22 Total Sales

    Ed Brady
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDFR263492

Bright MLS

APN: 02-146428

Maryland Frederick County Frederick 21703 Frederick Heights/Overlook

505 Lancaster Place, Frederick, MD

Not Listed for Sale

Townhouses

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