Seller's Agent in 2021
Craig Marsh
Marsh Realty
(301) 875-5978
34 in this area
591 Total Sales
531 Salem Ave Hagerstown, MD 21740
West End NeighborhoodEstimated Value: $114,000 - $228,000
--
Bed
2
Baths
1,904
Sq Ft
$84/Sq Ft
Est. Value
Highlights
- Second Kitchen
- Traditional Floor Plan
- Dining Area
- Colonial Architecture
- No HOA
- Carpet
About This Home
As of April 2021Duplex! Income producing property. Featuring two completely separate units. Unit one is a 2 bedroom 1 full bathroom on the ground level. Large kitchen, dining area, living room and best of all, a long term tenant since 2014. Rents have not been raised and are currently at $595 per month on a month to month lease. This unit can be easily rented at $800 if not more. Unit two is a 2 bedroom 1 full bathroom on the upper level. Large kitchen, dining area, living room and best of all, a long term tenant since 2013. Rents have not been raised and are currently at $595 per month on a month to month lease. This unit can be easily rented at $800 if not more. The best part about this property is both units are separately metered with tenants paying for the electric. This is a great property for a first time investor or a savvy investor. There is nothing to do except collect rent. Total monthly rent is $1,190 with the potential to be $1,600 or more. There is a shortage of rental properties on the market and this is the time to get above average rents. Located close to shopping, restaurants, public transportation & major highways.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,399
Year Built
- Built in 1904
Lot Details
- 3,000 Sq Ft Lot
- Property is in average condition
Home Design
- Duplex
- Colonial Architecture
- Shingle Roof
- Aluminum Siding
Interior Spaces
- Traditional Floor Plan
- Dining Area
- Fire and Smoke Detector
- Basement
Kitchen
- Second Kitchen
- Stove
Flooring
- Carpet
- Laminate
Parking
- 2 Parking Spaces
- 2 Off-Street Spaces
Utilities
- Window Unit Cooling System
- Hot Water Baseboard Heater
- Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- Assessor Parcel Number 2225007220
Community Details
Overview
- No Home Owners Association
- 2 Units
- 3-Story Building
Building Details
- Income includes apartment rentals
- Gross Income $14,280
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 15, 2021
Closed on
Apr 27, 2021
Sold by
H48 Partners Llc
Bought by
Case James
Seller's Agent
Craig Marsh
Marsh Realty
Buyer's Agent
Craig Marsh
Marsh Realty
List Price
$125,000
Sold Price
$77,000
Premium/Discount to List
-$48,000
-38.4%
Total Days on Market
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,827
Avg. Annual Appreciation
18.54%
Original Mortgage
$53,900
Outstanding Balance
$49,363
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$110,887
Purchase Details
Listed on
May 27, 2019
Closed on
Sep 20, 2019
Sold by
Beard Courtney D and Beard Carol J
Bought by
H48 Partners Llc
Seller's Agent
Cristhian Huamani
RG Realty, Inc.
Buyer's Agent
Cristhian Huamani
RG Realty, Inc.
List Price
$40,000
Sold Price
$37,296
Premium/Discount to List
-$2,704
-6.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.44%
Original Mortgage
$1,190,000
Interest Rate
3.6%
Mortgage Type
Commercial
Purchase Details
Closed on
May 10, 1985
Sold by
Martin Vernon Robert
Bought by
Beard Courtney D and Beard Carol J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
13.02%
Purchase Details
Closed on
Mar 19, 1982
Sold by
Eshelman Joseph C
Bought by
Martin Vernon Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
17.12%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Case James | $77,000 | Premier Stlmts & Titleservic | |
| H48 Partners Llc | $1,725,000 | Premier Settlements & Ttl Sv | |
| Beard Courtney D | $35,000 | -- | |
| Martin Vernon Robert | $19,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Case James | $53,900 | |
| Previous Owner | H48 Partners Llc | $1,190,000 | |
| Previous Owner | H48 Partners Llc | $250,000 | |
| Previous Owner | Beard Courtney D | $117,000 | |
| Previous Owner | Beard Courtney D | $25,000 | |
| Previous Owner | Martin Vernon Robert | $17,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2021 04/29/21 | Sold | $77,000 | -23.0% | $40 / Sq Ft |
| 03/24/2021 03/24/21 | Price Changed | $100,000 | -20.0% | $53 / Sq Ft |
| 03/15/2021 03/15/21 | For Sale | $125,000 | +235.2% | $66 / Sq Ft |
| 09/17/2019 09/17/19 | Sold | $37,296 | -6.8% | $20 / Sq Ft |
| 06/26/2019 06/26/19 | Pending | -- | -- | -- |
| 05/27/2019 05/27/19 | For Sale | $40,000 | -- | $21 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $907 | $112,000 | $21,200 | $90,800 |
| 2024 | $907 | $99,567 | $0 | $0 |
| 2023 | $794 | $87,133 | $0 | $0 |
| 2022 | $681 | $74,700 | $21,200 | $53,500 |
| 2021 | $736 | $73,467 | $0 | $0 |
| 2020 | $664 | $72,233 | $0 | $0 |
| 2019 | $664 | $71,000 | $21,200 | $49,800 |
| 2018 | $711 | $71,000 | $21,200 | $49,800 |
| 2017 | $704 | $71,000 | $0 | $0 |
| 2016 | -- | $75,300 | $0 | $0 |
| 2015 | $1,698 | $75,300 | $0 | $0 |
| 2014 | $1,698 | $75,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2019
Cristhian Huamani
RG Realty, Inc.
(240) 706-1082
23 in this area
112 Total Sales
Map
Source: Bright MLS
MLS Number: MDWA178356
APN: 25-007220
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