NOT LISTED FOR SALE

506 Pine St Cambridge, MD 21613

Estimated Value: $97,000 - $125,000

-- Bed
2 Baths
1,536 Sq Ft
$72/Sq Ft Est. Value

Last Sold September 13, 2021

Last sale price $75,000 $49 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $702/month

About This Home

As of September 2021

Great opportunity to live in the first floor apartment and lease the second floor. Can you say INCOME PROPERTY?!?! First time homebuyers dream. Second floor income will take care of your mortgage. Can you say SMART INVESTMENT?!?! Also an Investors dream with great potential Annual gross income. First floor apartment has a closed in front porch and back deck. Second floor apartment also an enclosed front porch and a deck. Both units have access to a great back yard for entertaining. Each unit has Living room, dining room, kitchen, two bedrooms and one bath. Come take a look at this unique property located on Historic Pine Street and a block away from downtown Cambridge. Property is located in walking distance to Convenience stores, Restaurants, beauty salons and various local retail shops. Pine Street is undergoing revitalization and has received over a half million dollars for revitalization.

Last Agent to Sell the Property

Dormaim Green

(443) 225-9975 dormaimgreenrealtor@gmail.com The Property Shoppe, LLC Listed on: 05/11/2021

Last Buyer's Agent

Dormaim Green

(443) 225-9975 dormaimgreenrealtor@gmail.com The Property Shoppe, LLC Listed on: 05/11/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $671

Year Built

  • Built in 1920

Lot Details

  • 6,880

Home Design

  • 1,536 Sq Ft Home
  • Duplex
  • Vinyl Siding

Parking

  • Driveway
  • On-Street Parking

Utilities

  • Back Up Electric Heat Pump System
  • Electric Water Heater

Additional Features

  • Stove
  • 6,880 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 1007123515

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$671

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Great opportunity to live in the first floor apartment and lease the second floor. Can you say INCOME PROPERTY?!?! First time homebuyers dream. Second floor income will take care of your mortgage. Can you say SMART INVESTMENT?!?! Also an Investors dream with great potential Annual gross income. First floor apartment has a closed in front porch and back deck. Second floor apartment also an enclosed front porch and a deck. Both units have access to a great back yard for entertaining. Each unit has Living room, dining room, kitchen, two bedrooms and one bath. Come take a look at this unique property located on Historic Pine Street and a block away from downtown Cambridge. Property is located in walking distance to Convenience stores, Restaurants, beauty salons and various local retail shops. Pine Street is undergoing revitalization and has received over a half million dollars for revitalization.
  • Special Features: None

Interior Features

  • Appliances: Stove, Refrigerator
  • Total Sq Ft: 1536
  • Living Area Sq Ft: 1536
  • Price Per Sq Ft: 53.39
  • Above Grade Finished Sq Ft: 1536
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 506

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: DORCHESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121139665361
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 29400.00
  • Land Assessed Value: 6200.00
  • Land Use Code: 110
  • Lot Size Acres: 0.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6880.00
  • Year Assessed: 2021
  • Zoning: C-2
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5309300
  • Tax Annual Amount: 671.00
  • Assessor Parcel Number: 1007123515
  • Tax Lot: 6
  • Tax Total Finished Sq Ft: 1536
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/13/2021

MLS Schools

  • School District Name: DORCHESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Sep 23, 2021
Sold by
L & W Properties Llc
Bought by
Amin Samirah A
Seller's Agent
Dormaim Green
The Property Shoppe, LLC
Buyer's Agent
Dormaim Green
The Property Shoppe, LLC
List Price
$82,000
Sold Price
$75,000
Premium/Discount to List
-$7,000
-8.54%
Current Estimated Value
$110,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,982
Avg. Annual Appreciation
8.98%
Original Mortgage
$73,641
Outstanding Balance
$67,299
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$38,869

Purchase Details

Closed on
Mar 17, 2016
Sold by
Henry Wayne E and Watkins Henry Linda H
Bought by
L&W Properties Llc
Source: Public Records

Range of Values:

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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
Amin Samirah A $75,000 Real Estate Title And Escrow
L&W Properties Llc -- Mid Atlantic Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amin Samirah A $73,641
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2021 09/13/21 Sold $75,000 -8.5% $49 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $82,000 -- $53 / 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 $1,352 $72,000 $6,200 $65,800
2024 $882 $59,867 $0 $0
2023 $882 $47,733 $0 $0
2022 $2,632 $35,600 $6,200 $29,400
2021 $671 $35,600 $6,200 $29,400
2020 $671 $35,600 $6,200 $29,400
2019 $711 $37,300 $6,200 $31,100
2018 $693 $37,300 $6,200 $31,100
2017 $695 $37,300 $0 $0
2016 -- $37,800 $0 $0
2015 $829 $37,800 $0 $0
2014 $829 $37,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDDO127372

Bright MLS

APN: 07-123515