NOT LISTED FOR SALE

507 Market St Denton, MD 21629

-- Bed
-- Bath
10,916 Sq Ft
0.27 Acres

Last Sold April 27, 2018

Last sale price $652,000 $60 Per Sq Ft

113 Days on Market

Highlights

  • No HOA
  • Paneling
  • Baseboard Heating
  • Storm Windows
  • Window Unit Cooling System
  • 5-minute walk to Caroline County Recreation

About This Home

As of April 2018

A RARE opportunity to own a privately rented ELEVEN unit LEAD FREE apartment building in Denton. Tenant pays electric and heat landlord pays water/sewer. Additional large basement with 7 rooms. Excellent rental income of approx. $ 92,000 a year. Large parking lot with ample parking spaces. Just passed town inspection. All units include washer/dryer . Professional management available .

Last Agent to Sell the Property

Jeff Wright

Wright Real Estate Listed on: 12/12/2017

Last Buyer's Agent

Jeff Wright

Wright Real Estate Listed on: 12/12/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,923

Year Built

  • Built in 1900 | Remodeled in 1972

Lot Details

  • 0.27 Acre Lot
  • Property is in very good condition

Parking

  • Parking Space Conveys

Home Design

  • Asbestos Shingle Roof
  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • Paneling
  • Window Treatments
  • Electric Oven or Range

Laundry

  • Dryer
  • Washer

Basement

  • Connecting Stairway
  • Rear Basement Entry

Home Security

  • Storm Windows
  • Storm Doors

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, management, repairs, real estate taxes
  • Assessor Parcel Number 0603000184

Community Details

Overview

  • No Home Owners Association
  • 11 Units
  • Built by METHODIST CHURCH

Building Details

  • Operating Expense $28,318
  • Net Operating Income $63,181

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,923

Year Built

Built in 1900 | Remodeled in 1972

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Year Renovated: 1972
  • Remarks Public: A RARE opportunity to own a privately rented ELEVEN unit LEAD FREE apartment building in Denton. Tenant pays electric and heat landlord pays water/sewer. Additional large basement with 7 rooms. Excellent rental income of approx. $ 92,000 a year. Large parking lot with ample parking spaces. Just passed town inspection. All units include washer/dryer . Professional management available .
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Oven/Range - Electric, Refrigerator, Washer, Dryer
  • Interior Amenities: Window Treatments
  • Window Features: Storm
  • Fireplace: No
  • Door Features: Storm
  • Wall Ceiling Types: Paneled Walls, Dry Wall
  • Basement: Yes
  • Basement Type: Rear Entrance, Outside Entrance, Connecting Stairway
  • Price Per Sq Ft: 66.42
  • Street Number Modifier: 507

Exterior Features

  • Construction Materials: Aluminum Siding
  • Roof: Asbestos Shingle, Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Parking Space Conveys

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Monthly Average Electric: 70
  • Previous Twelve Months Electric Expense: 840.00
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 500
  • Water Previous Twelve Months: 6000.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: CAROLINE COUNTY PUBLIC SCHOOLS
  • School District Key: 121139029245

Lot Info

  • Improvement Assessed Value: 536900.00
  • Land Assessed Value: 44300.00
  • Lot Size Acres: 0.27
  • Lot Size Area: 11617
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11617.00
  • Possible Use: Residential
  • Property Condition: Very Good
  • Year Assessed: 2017
  • Zoning: MR
  • In City Limits: Yes

Building Info

  • Builder Name: METHODIST CHURCH

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Insurance, Management, Repairs, Taxes - Real Estate
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9923.20
  • Assessor Parcel Number: 0603000184
  • Tax Page Number: 312
  • Tax Total Finished Sq Ft: 10916
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 04/27/2018

Multi Family

  • Gross Income: 91500.00
  • Metering: Electric Separate
  • Operating Expense: 28318.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: CAROLINE COUNTY PUBLIC SCHOOLS

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2018 04/27/18 Sold $652,000 -10.1% $60 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $725,000 0.0% $66 / Sq Ft
01/20/2018 01/20/18 Pending -- -- --
12/12/2017 12/12/17 For Sale $725,000 -- $66 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004302755

Bright MLS