NOT LISTED FOR SALE

511 Main St Laurel, MD 20707

Estimated Value: $666,747 - $674,000

-- Bed
-- Bath
2,960 Sq Ft
$226/Sq Ft Est. Value

Last Sold September 07, 2016

Last sale price $419,000 $142 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $4,250/month

13 Days on Market

Highlights

  • No HOA
  • Window Unit Cooling System
  • Wall Furnace
  • Upgraded Countertops
  • Property is in very good condition

About This Home

As of September 2016

SOLID INVESTMENT OPPORTUNITY FOR THIS COMMERCIAL/RESIDENTIAL, MULTI UNIT PROPERTY. 3 APARTMENT PLUS MAIN LEVEL SALON WITH 10+ YEAR RENTAL HISTORY. PROPERTY WAS RENOVATED IN 2005 AND HAS MANY NICE FEATURES. GOOD TENANT RENT HISTORY. CURRENT TENANTS ARE GOOD AND WOULD LIKE TO STAY. PLEASE ALLOW NOTICE AS COURTESY TO AGENT AND TENANTS. Commercial Financing tentatively approved.

Last Agent to Sell the Property

Susan Wiest

(410) 960-1302 susan@cummingsrealtors.com Cummings & Co. Realtors Listed on: 06/02/2016

Cummings & Co. Realtors

Last Buyer's Agent

Susan Wiest

(410) 960-1302 susan@cummingsrealtors.com Cummings & Co. Realtors Listed on: 06/02/2016

Cummings & Co. Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,394

Year Built

  • Built in 1928 | Remodeled in 2005

Lot Details

  • 2,937 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Window Treatments

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Rear Basement Entry

Parking

  • Driveway
  • Off-Street Parking
  • Parking Space Conveys
  • Unassigned Parking

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, repairs, real estate taxes
  • Assessor Parcel Number 17101008580

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Laurel Subdivision

Building Details

  • Operating Expense $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,394

Year Built

Built in 1928 | Remodeled in 2005

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1928
  • Year Renovated: 2005
  • Remarks Public: SOLID INVESTMENT OPPORTUNITY FOR THIS COMMERCIAL/RESIDENTIAL, MULTI UNIT PROPERTY. 3 APARTMENT PLUS MAIN LEVEL SALON WITH 10+ YEAR RENTAL HISTORY. PROPERTY WAS RENOVATED IN 2005 AND HAS MANY NICE FEATURES. GOOD TENANT RENT HISTORY. CURRENT TENANTS ARE GOOD AND WOULD LIKE TO STAY. PLEASE ALLOW NOTICE AS COURTESY TO AGENT AND TENANTS. Commercial Financing tentatively approved.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer, Disposal
  • Interior Amenities: Upgraded Countertops, Window Treatments
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Rear Entrance, Outside Entrance, Partial, Unfinished
  • Price Per Sq Ft: 141.55
  • Street Number Modifier: 511

Exterior Features

  • Construction Materials: Combination, Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway, Parking Space Conveys, Unassigned
  • Type Of Parking: Off Street, Driveway

Utilities

  • Refuse: 509.71
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 208
  • Water Previous Twelve Months: 2500.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
  • School District Key: 121137599599

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 2937
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2937.00
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Year Assessed: 2016
  • Zoning: CC
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Tax Annual Amount: 10393.85
  • Assessor Parcel Number: 17101008580
  • Tax Total Finished Sq Ft: 2960
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015
  • Close Date: 09/07/2016

Multi Family

  • Gross Income: 51480.00
  • Metering: Electric Separate
  • Operating Expense: 10000.00
  • Single Room Units Count: 1

MLS Schools

  • School District Name: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2016
Closed on
Sep 2, 2016
Sold by
Liebmann George W
Bought by
Metropolitan Emergency Medical Services
Seller's Agent
Susan Wiest
Cummings & Co. Realtors
Buyer's Agent
Susan Wiest
Cummings & Co. Realtors
List Price
$419,000
Sold Price
$419,000
Current Estimated Value
$670,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,374
Avg. Annual Appreciation
5.16%
Original Mortgage
$335,200
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2005
Sold by
Caswell Errol W
Bought by
Smit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 1972
Sold by
Kutzera Donald P
Bought by
Caswell Errol W and Caswell Carolyn E
Source: Public Records

Range of Values:

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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
Metropolitan Emergency Medical Services $419,000 Consumer Real Estate Title I
Smit $200,000 --
Caswell Errol W $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Metropolitan Emergency Medical Services $335,200
Previous Owner Smit $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2016 09/07/16 Sold $419,000 0.0% $142 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $419,000 -- $142 / 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
2024 $8,502 $447,233 $0 $0
2023 $8,339 $441,267 $0 $0
2022 $7,178 $435,300 $218,700 $216,600
2021 $16,308 $430,033 $0 $0
2020 $15,811 $424,767 $0 $0
2019 $8,218 $419,500 $218,700 $200,800
2018 $8,224 $419,500 $218,700 $200,800
2017 $4,788 $419,500 $0 $0
2016 -- $532,900 $0 $0
2015 $9,883 $532,900 $0 $0
2014 $9,883 $532,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Susan Wiest

    Cummings & Co Realtors

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Map

Source: Bright MLS

MLS Number: 1001073447

Bright MLS

APN: 10-1008580

Maryland Prince George's County Laurel 20707

511 Main St, Laurel, MD

This home is located at 511 Main St, Laurel, MD 20707 since 02 June 2016 and is currently estimated at $670,374, approximately $226 per square foot. This property was built in 1928. 511 Main St is a home located in Prince George's County with nearby schools including Laurel Elementary School, Dwight D. Eisenhower Middle School, and Laurel High School.

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