$515,325
SOLD JAN 24, 2025

5395 Beta Place Indian Head, MD 20640

8 Beds
5.5 Baths
-- Sq Ft
2.5 Acres

Recently Sold

3% Above List Price

27 Days on Market

Highlights

  • Water Views
  • Cape Cod Architecture
  • Forced Air Heating System
  • 2.5 Acre Lot
  • No HOA
  • Electric Baseboard Heater

About This Home

As of January 2025

ATTENTION INVESTORS AND LANDLORDS - Don’t miss out on this rare and unique investment opportunity in Charles County. This multi-dwelling package presents an excellent opportunity to expand your portfolio with four rental units on a single 2.5 acre parcel. The units have had various upgrades during the current ownership and are priced accordingly to condition. The inclusion of washer and dryer in each unit adds convenience and value to both landlords and prospective tenants. Currently all four units are leased and tenant occupied providing immediate cash flow and are professionally managed by property manager. Two of the units are currently in month to month leases with the remaining two in first year leases. The combined current monthly rental income is $5,045. There is no home owners association. The property is located very close to the Indian Head Naval Support Facility and the Stump Neck Naval Annex and offers seasonal water views of the Mattawoman Creek. Easy access to highways for commuting and accessing the local amenities and recreational areas.

Units 5375 and 5377 are a duplex configuration. Unit 5375 is 1 level 1BR 1FB at approx. 850 sq ft (adding closet to extra room could potentially be converted into a second bedroom). Unit 5377 is 1.5 level 1BR 1FB at approx. 900 sq ft (upper loft could potentially be converted into a second bedroom). Unit 5380 is a 2 level 4BR 2.5FB with an exterior entry utility cellar. Unit 5395 is a 1 level 2BR 1FB at approx. 912 sq ft. The rear units (5375, 5377 and 5380) share a common private well and septic system (system septic tanks and field replaced 2019). The front unit (5395) has its own private septic and shares common well with the other units.

Only the front unit (5395) is visible from Hawthorne Road. In order to minimize disturbance to tenants please DO NOT enter property except for during a scheduled showing appointment with the Listing Agent. Property parcel and homes are being sold strictly "As-Is" with cash,hard money,commercial,conventional or other acceptable financing methods. No contract assignments. Seller is offering the current ownership name and LLC in addition to the real property. Serious purchasers only please. Owner requires purchaser proof of funds prior to disturbing tenants with showing appointments.

Last Agent to Sell the Property

Ken Phipps

(301) 752-3179 kwphipps@gmail.com CENTURY 21 New Millennium License #532258 Listed on: 10/10/2024

CENTURY 21 New Millennium

Last Buyer's Agent

John Jeter

homesbyjeter@gmail.com Samson Properties License #SP98379788

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,083

Year Built

  • Built in 1956

Lot Details

  • 2.5 Acre Lot
  • Property is zoned CN, Neighborhood Commercial

Property Views

  • Water
  • Woods

Home Design

  • Cape Cod Architecture
  • Rambler Architecture
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • Property has 1 Level
  • Crawl Space
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 8 Main Level Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Driveway
  • Parking Lot

Schools

  • Gale-Bailey Elementary School
  • General Smallwood Middle School
  • Henry E. Lackey High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • South Glymont Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0907022387

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,083

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler, Cape Cod
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-10-15
  • Federal Flood Zone: No
  • Year Built: 1956
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Washer, Dryer
  • Fireplace: No
  • Foundation Details: Crawl Space, Slab
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 8
  • Main Level Bedrooms: 8
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 6.00
  • Main Level Full Bathrooms: 5
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Road Surface Type: Black Top, Gravel
  • Roof: Asphalt, Shingle
  • View: Trees/Woods, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil, Electric
  • Heating Type: Baseboard - Electric, Forced Air, Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Septic Tank
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

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

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: GALE-BAILEY
  • High School: HENRY E. LACKEY
  • Middle Or Junior School: GENERAL SMALLWOOD

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 2.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 108900.00
  • Zoning: CN
  • Zoning Description: Neighborhood Commercial
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 5083.00
  • Assessor Parcel Number: 0907022387
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: CHARLES COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2024
Closed on
Jan 22, 2025
Sold by
Beta Place Llc
Bought by
Harmon Charisma and Harmon Karl
Seller's Agent
Ken Phipps
CENTURY 21 New Millennium
Buyer's Agent
John Jeter
Samson Properties
List Price
$499,999
Sold Price
$515,325
Premium/Discount to List
$15,326
3.07%
Views
76
Current Estimated Value
$504,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,497
Avg. Annual Appreciation
-2.19%
Original Mortgage
$386,494
Outstanding Balance
$383,763
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$121,065

Purchase Details

Closed on
Mar 22, 2021
Sold by
Mudd Thomas A and Mudd Francis D
Bought by
Beta Place Llc

Purchase Details

Closed on
Jan 18, 2018
Sold by
Beta Limited Partner Associates
Bought by
Ih Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,920,000
Interest Rate
3.94%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 15, 1984
Sold by
Kuhn Edward G and Kuhn Elizabeth C
Bought by
Stuart Charles and Stuart Constance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,850
Interest Rate
13.3%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Deed $515,325 Prime Title Group
Deed -- None Available
Deed -- None Available
Deed $300,000 None Available
Deed $123,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $386,494 New Conventional
Previous Owner $1,920,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $116,850 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2025 01/24/25 Sold $515,325 +3.1% --
11/06/2024 11/06/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $499,999 -- --
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 $5,697 $401,100 $135,000 $266,100
2024 $5,253 $369,833 $0 $0
2023 $4,838 $338,567 $0 $0
2022 $4,374 $307,300 $135,000 $172,300
2021 $4,352 $307,300 $135,000 $172,300
2020 $4,323 $307,300 $135,000 $172,300
2019 $4,593 $315,700 $135,000 $180,700
2018 $4,025 $305,633 $0 $0
2017 $4,137 $295,567 $0 $0
2016 -- $285,500 $0 $0
2015 $3,972 $285,600 $0 $0
2014 $3,972 $285,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDCH2036474

Bright MLS

APN: 07-022387