NOT LISTED FOR SALE

516 Elm St Frederick, MD 21701

Baker Park Neighborhood

Estimated Value: $493,000 - $564,000

-- Bed
3 Baths
1,866 Sq Ft
$276/Sq Ft Est. Value

Last Sold January 12, 2021

Last sale price $360,000 $193 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,270/month

Highlights

  • Colonial Architecture
  • No HOA
  • Electric Baseboard Heater
  • Parkway Elementary School Rated A-
  • Ceiling Fan
  • Property is in very good condition

About This Home

As of January 2021

Fantastic investment opportunity! This duplex is currently separated into 2 apartments. 1 one bedroom with full bath and large kitchen and a the second apartment is a two floor unit with 3 bedrooms, 2 full baths and a large eat in kitchen, in unit laundry. The basement has laundry and large storage area for both apartments. The shared secluded backyard is perfect for entertaining. Easy walk to downtown Frederick.

Last Agent to Sell the Property

Timothy O'Boyle

(240) 409-3151 timob@machomes.com Mackintosh, Inc. Listed on: 12/11/2020

Last Buyer's Agent

Andrew Hopley

(301) 275-2352 drew@livelocalselllocal.com Keller Williams Realty Centre License #SP200201373

Keller Williams Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,005

Year Built

  • Built in 1915

Lot Details

  • 1,840 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,866 Sq Ft Home
  • Ceiling Fan
  • Basement

Utilities

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

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1102018632

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,005

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: Fantastic investment opportunity! This duplex is currently separated into 2 apartments. 1 one bedroom with full bath and large kitchen and a the second apartment is a two floor unit with 3 bedrooms, 2 full baths and a large eat in kitchen, in unit laundry. The basement has laundry and large storage area for both apartments. The shared secluded backyard is perfect for entertaining. Easy walk to downtown Frederick.
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Total Sq Ft: 1866
  • Living Area Sq Ft: 1866
  • Price Per Sq Ft: 187.51
  • Above Grade Finished Sq Ft: 1866
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 516

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 88.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: FREDERICK COUNTY PUBLIC SCHOOLS
  • School District Key: 121139693024
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 190200.00
  • Land Assessed Value: 84200.00
  • Land Use Code: 010
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1840.00
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: DBO
  • In City Limits: Yes

Rental Info

  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11497323
  • Tax Annual Amount: 5005.00
  • Assessor Parcel Number: 1102018632
  • Tax Total Finished Sq Ft: 1866
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 01/12/2021

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2020
Closed on
Jan 12, 2021
Sold by
Mantello Paul D J
Bought by
Jimenez Laura
Seller's Agent
Timothy O'Boyle
Mackintosh, Inc.
Buyer's Agent
Andrew Hopley
Keller Williams Realty Centre
List Price
$349,900
Sold Price
$360,000
Premium/Discount to List
$10,100
2.89%
Current Estimated Value
$514,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,932
Avg. Annual Appreciation
6.60%
Original Mortgage
$306,000
Outstanding Balance
$276,215
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$210,588

Purchase Details

Closed on
Jun 16, 2017
Sold by
Martin Galen L and Martin Janice E
Bought by
Mantello Paul D

Purchase Details

Closed on
May 23, 1990
Sold by
Roberts Roberts W and Roberts Majorie S
Bought by
Martin Galen L and Martin Janice E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
10.37%

Purchase Details

Closed on
Sep 20, 1988
Sold by
Clarke David B
Bought by
Roberts Roberts W and Roberts Majorie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
10.4%

Purchase Details

Closed on
Jan 8, 1985
Sold by
Briggs Donald N and Briggs Eliz P
Bought by
Clarke David B
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
Jimenez Laura $360,000 Assurance Title Llc
Mantello Paul D $255,000 None Available
Martin Galen L $125,000 --
Roberts Roberts W $120,000 --
Clarke David B $69,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Laura $306,000
Previous Owner Martin Galen L $115,000
Previous Owner Roberts Roberts W $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2021 01/12/21 Sold $360,000 +2.9% $193 / Sq Ft
12/11/2020 12/11/20 For Sale $349,900 -- $188 / 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 $6,474 $383,900 $126,200 $257,700
2024 $6,474 $348,400 $0 $0
2023 $5,660 $312,900 $0 $0
2022 $5,010 $277,400 $97,100 $180,300
2021 $4,979 $276,400 $0 $0
2020 $5,006 $275,400 $0 $0
2019 $4,940 $274,400 $84,200 $190,200
2018 $4,895 $274,400 $84,200 $190,200
2017 $5,972 $295,000 $0 $0
2016 $6,072 $333,700 $0 $0
2015 $6,072 $332,733 $0 $0
2014 $6,072 $331,767 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Timothy O'Boyle

    Seller's Agent in 2021

    Timothy O'Boyle

    Mackintosh, Inc.

    (240) 409-3151

    6 in this area

    77 Total Sales

    Timothy O'Boyle
    Section Image
  • Andrew Hopley

    Buyer's Agent in 2021

    Andrew Hopley

    Keller Williams Realty Centre

    (301) 275-2352

    16 in this area

    499 Total Sales

    Andrew Hopley
    Section Image
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Map

Source: Bright MLS

MLS Number: MDFR275194

Bright MLS

APN: 02-018632

Maryland Frederick County Frederick 21701 Baker Park

516 Elm St, Frederick, MD

This home is located at 516 Elm St, Frederick, MD 21701 since 11 December 2020 and is currently estimated at $514,932, approximately $275 per square foot. This property was built in 1915. 516 Elm St is a home located in Frederick County with nearby schools including Parkway Elementary School, West Frederick Middle School, and Frederick High School.

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