NOT LISTED FOR SALE

511 Main St Laurel, MD 20707

Laurel Area

Estimated Value: $656,432 - $738,000

Studio
-- Bath
2,960 Sq Ft
$236/Sq Ft Est. Value

Sale Details

Date Sold: September 7, 2016

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

Est. 66% increase in value since last sale

Current estimated payment $4,548 / mo

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) 823-0033 realtor@cummingsrealtors.com Cummings & Co. Realtors Listed on: 06/02/2016

Cummings & Co. Realtors

Last Buyer's Agent

Susan Wiest

(410) 823-0033 realtor@cummingsrealtors.com Cummings & Co. Realtors Listed on: 06/02/2016

Cummings & Co. Realtors

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

2,937 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1928
  • Year Renovated: 2005
  • 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

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
  • Water Previous Twelve Months: 2500.00
  • Water Source: Public

Condo/Co-op/Association

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

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
  • 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
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

Multi Family

  • Gross Income: 51480.00
  • Metering: Electric Separate
  • Operating Expense: 10000.00

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2016
Closed on
Sep 2, 2016
Sold by
Bought by
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
$697,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,216
Avg. Annual Appreciation
5.28%
Original Mortgage
$335,200
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2005
Sold by
Bought by

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
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Laurel, MD

  • Da Li Real Estate Agent - RE/MAX Realty Centre, Inc.

    Da Li

    RE/MAX Realty Centre, Inc.

    (877) 462-0671

    66 Total Sales

    1 in Laurel

    $460,000 Price

    Da Li
     Section Image
  • Paul Martinez Real Estate Agent - Real Broker, LLC

    Paul Martinez

    Real Broker, LLC

    (301) 281-4907

    33 Total Sales

    1 in Laurel

    $215,000 Price

    Paul Martinez
     Section Image
  • Barak Sky Real Estate Agent - Serhant

    Barak Sky

    Serhant

    (240) 363-9670

    820 Total Sales

    1 in Laurel

    $604,000 Price

    Barak Sky
     Section Image
  • Shana Tinsley Real Estate Agent - EXP Realty, LLC

    Shana Tinsley

    Responds Quickly

    EXP Realty, LLC

    (443) 926-0929

    89 Total Sales

    6 in Laurel

    $198K - $763K Price Range

    Shana Tinsley
     Section Image
  • Sam James Real Estate Agent - Long & Foster Real Estate, Inc.

    Sam James

    Responds Quickly

    Long & Foster Real Estate, Inc.

    (202) 517-7651

    43 Total Sales

    10 in Laurel

    $302K - $840K Price Range

    Sam James
     Section Image
  • Nancy Cummins Real Estate Agent - Compass

    Nancy Cummins

    Compass

    (667) 771-4537

    90 Total Sales

    1 in Laurel

    $555,000 Price

    Nancy Cummins
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$419,000 Consumer Real Estate Title I
$200,000 --
$35,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $335,200
Previous Owner $400,000
Previous Owner $40,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,502 $453,200 $218,700 $234,500
2024 $8,502 $447,233
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

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