NOT LISTED FOR SALE

516 Cumberland St Cumberland, MD 21502

Estimated Value: $66,000 - $190,000

-- Bed
3 Baths
3,260 Sq Ft
$41/Sq Ft Est. Value

Last Sold July 30, 2024

Last sale price $50,000 $15 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $809/month

19 Days on Market

Highlights

  • Colonial Architecture
  • Traditional Floor Plan
  • Main Floor Bedroom
  • Wood Burning Stove
  • Wood Flooring
  • Attic

About This Home

As of July 2024

Great potential after lot of repairs and work. Room/unit counts are approximate and not guaranteed - self verification required. Newer electrical service entrance and panel box work - service will require inspection before activation. NO utilities active or will be restored or are restorable by purchaser.
NO past or present LBP registration located. NO LBP reports. SOLD AS-IS. Take caution during inspection.

The property is under H&B with a current due date of
7/10/2024 11:59:00 PM Mountain Time.

Last Agent to Sell the Property

Mark Van Tyne

(301) 777-3292 julianagency@atlanticbb.net Julian Agency Real Estate License #59740 Listed on: 06/26/2024

Last Buyer's Agent

Destiny Hair

(240) 362-4717 DestinyHillRealtor@gmail.com Better Homes & Gardens Real Estate Old Line Group License #5002170

Better Homes & Gardens Real Estate Old Line Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 4,554 Sq Ft Lot
  • Lot Dimensions are 47 x 99 x 45 x 99

Parking

  • Driveway

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Permanent Foundation
  • Slate Roof

Interior Spaces

  • Main Floor Bedroom
  • Traditional Floor Plan
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Flooring
  • Attic

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Accessible Home Design

  • Entry Slope Less Than 1 Foot

Outdoor Features

  • Balcony
  • Porch

Schools

  • West Side Elementary School
  • Braddock Middle School
  • Allegany High School

Utilities

  • Radiator
  • Natural Gas Water Heater

Community Details

  • West Side Subdivision
  • 3 Vacant Units

Listing and Financial Details

  • Assessor Parcel Number 0106031161

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: Entry Slope <1'
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Interior Amenities: Wood Floors, Attic, Ceiling Fan(s), Entry Level Bedroom, Floor Plan - Traditional
  • Fireplace: No
  • Foundation Details: Permanent
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Unfinished, Partially Finished, Interior Access
  • Total Sq Ft: 3915
  • Living Area Sq Ft: 3260
  • Price Per Sq Ft: 9.96
  • Above Grade Finished Sq Ft: 2610
  • Below Grade Finished Sq Ft: 650
  • Below Grade Sq Ft: 655
  • Total Below Grade Sq Ft: 1305
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Slate
  • 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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s)
  • Heating Fuel: Electric, Natural Gas, Wood
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: WEST SIDE
  • High School: ALLEGANY
  • Middle Or Junior School: BRADDOCK

Lot Info

  • Lot Size Acres: 0.10
  • Lot Dimensions: 47 x 99 x 45 x 99
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4554.00
  • Outdoor Living Structures: Balcony, Porch(es)
  • Zoning: R
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: None
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2615.00
  • Assessor Parcel Number: 0106031161
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 3

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2024
Closed on
Jul 23, 2024
Sold by
Morgan Stanley Abs Capital I Inc Trust and Deutsche Bank National Trust Company
Bought by
Hawkins Russell Lee
Seller's Agent
Mark Van Tyne
Julian Agency Real Estate
Buyer's Agent
Destiny Hair
Better Homes & Gardens Real Estate Old Line Group
List Price
$26,000
Sold Price
$50,000
Premium/Discount to List
$24,000
92.31%
Views
91
Current Estimated Value
$134,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,604
Avg. Annual Appreciation
107.13%

Purchase Details

Closed on
Nov 9, 2023
Sold by
Bierman Howard N
Bought by
Deutsche Bank Nat'L Trust Co and Morgan Stanley Abs Cap I Inc T

Purchase Details

Closed on
Aug 23, 2006
Sold by
Sherbert W Howell Lois Trabi
Bought by
Trabing Charles J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,200
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2006
Sold by
Sherbert W Howell Lois Trabi
Bought by
Trabing Charles J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,200
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2003
Sold by
Baker Frederic L and Baker Pamela K
Bought by
Sherbert W Howell Trabing Lois

Purchase Details

Closed on
Oct 27, 1992
Sold by
Secretary Housing-Urban Developmnt
Bought by
Baker Frederic L-Pamela K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
8.23%
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
Hawkins Russell Lee $50,000 None Listed On Document
Hawkins Russell Lee $50,000 None Listed On Document
Deutsche Bank Nat'L Trust Co $67,000 None Listed On Document
Trabing Charles J $94,000 --
Trabing Charles J $94,000 --
Sherbert W Howell Trabing Lois $71,500 --
Baker Frederic L-Pamela K $26,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trabing Charles J $75,200
Previous Owner Trabing Charles J $75,200
Previous Owner Baker Frederic L-Pamela K $31,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2024 07/30/24 Sold $50,000 +92.3% $15 / Sq Ft
07/15/2024 07/15/24 Pending -- -- --
06/26/2024 06/26/24 For Sale $26,000 -- $8 / 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 $1,210 $132,067 $0 $0
2024 $1,234 $131,733 $0 $0
2023 $1,222 $131,400 $7,900 $123,500
2022 $1,133 $123,167 $0 $0
2021 $1,075 $114,933 $0 $0
2020 $991 $106,700 $7,900 $98,800
2019 $997 $106,667 $0 $0
2018 $1,014 $106,633 $0 $0
2017 $1,007 $106,600 $0 $0
2016 $510 $106,600 $0 $0
2015 $1,029 $106,600 $0 $0
2014 $1,029 $106,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAL2009320

Bright MLS

APN: 06-031161