NOT LISTED FOR SALE

542 N Mechanic St Cumberland, MD 21502

Estimated Value: $64,000 - $113,000

3 Beds
1 Bath
1,418 Sq Ft
$60/Sq Ft Est. Value

Last Sold September 12, 2024

Last sale price $22,000 $16 Per Sq Ft

Est. 286% increase in value since last sale

Current estimated payment $483/month

1 Day on Market

Highlights

  • Colonial Architecture
  • Traditional Floor Plan
  • No HOA
  • Cash Valley Elementary School Rated 9+
  • Wood Flooring
  • Eat-In Country Kitchen

About This Home

As of September 2024

Needs work. Roof leaks and needs repaired or replaced. The leaks have caused lots of damage to ceiling, walls and floor. Shows in rough shape, but offers fantastic potential for this brick home w/ lrg spacious rooms in the north end of town*3 Br,1 Ba, enclosed sun porch off upstairs rear br*Mostly wood flrs*Wash/dryer hook up in closet off kit*Fenced in small side yard*Canal behind the wall at back yard**Zoned Z- RC call zoning office to verify uses*Live in it or rent it out*SOLD AS IS

Last Agent to Sell the Property

Deanne Miles

(240) 675-6734 Dmiles@reimove.com Real Estate Innovations License #WVS230302957 Listed on: 08/25/2024

Last Buyer's Agent

Deanne Miles

(240) 675-6734 Dmiles@reimove.com Real Estate Innovations License #WVS230302957 Listed on: 08/25/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1905

Lot Details

  • 2,114 Sq Ft Lot
  • Back and Side Yard
  • Property is in below average condition
  • Property is zoned Z-RC

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Tar and Gravel Roof

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Living Room
  • Dining Room
  • Wood Flooring
  • Unfinished Basement
  • Rear Basement Entry
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Country Kitchen
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Cash Valley Elementary School
  • Braddock Middle School
  • Allegany High School

Utilities

  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Bealls Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0105004330

Home Details

Home Type

Single Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1905
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Oven/Range - Gas, Refrigerator
  • Interior Amenities: Kitchen - Table Space, Kitchen - Country, Dining Area, Wood Floors, Floor Plan - Traditional
  • Window Features: Storm
  • Fireplace: No
  • Door Features: Storm
  • Foundation Details: Stone, Other
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Unfinished
  • Total Sq Ft: 2127
  • Living Area Sq Ft: 1418
  • Price Per Sq Ft: 17.63
  • Above Grade Finished Sq Ft: 1418
  • Below Grade Sq Ft: 709
  • Total Below Grade Sq Ft: 709
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Roof: Tar/Gravel
  • 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

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: CASH VALLEY
  • High School: ALLEGANY
  • Middle Or Junior School: BRADDOCK

Lot Info

  • Lot Features: Sideyard(s), Rear Yard
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2114.00
  • Outdoor Living Structures: Enclosed, Porch(es)
  • Property Condition: Below Average
  • Zoning: Z-RC
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 907.00
  • Assessor Parcel Number: 0105004330
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2024
Closed on
Sep 12, 2024
Sold by
Gadway Corey Alan
Bought by
Mccuan Billy
Seller's Agent
Deanne Miles
Real Estate Innovations
Buyer's Agent
Deanne Miles
Real Estate Innovations
List Price
$25,000
Sold Price
$22,000
Premium/Discount to List
-$3,000
-12%
Views
2
Current Estimated Value
$84,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,846
Avg. Annual Appreciation
196.99%
Original Mortgage
$20,000
Outstanding Balance
$10,317
Interest Rate
6.35%
Mortgage Type
Seller Take Back
Estimated Equity
$74,529

Purchase Details

Closed on
Apr 24, 2023
Sold by
Moses Sonali Jaya S
Bought by
Gadway Corey Alan

Purchase Details

Listed on
Feb 12, 2017
Closed on
Mar 9, 2018
Sold by
Gadway Corey
Bought by
Moses Sonali Jaya S
Seller's Agent
Deanne Miles
Real Estate Innovations
Buyer's Agent
Deanne Miles
Real Estate Innovations
List Price
$44,912
Sold Price
$40,000
Premium/Discount to List
-$4,912
-10.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$35,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2011
Closed on
Feb 10, 2012
Sold by
Sell George C
Bought by
Gadway Corey
Seller's Agent
Kim Gillum
Coldwell Banker Home Town Realty
Buyer's Agent
Deanne Miles
Real Estate Innovations
List Price
$38,000
Sold Price
$30,000
Premium/Discount to List
-$8,000
-21.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%
Original Mortgage
$28,000
Interest Rate
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 18, 2008
Sold by
Madero Robert E
Bought by
Sell George C

Purchase Details

Closed on
Nov 13, 2008
Sold by
Madero Robert E
Bought by
Sell George C

Purchase Details

Closed on
Jun 29, 2007
Sold by
Madero Norma L
Bought by
Madero Robert E

Purchase Details

Closed on
Jun 19, 2007
Sold by
Madero Norma L
Bought by
Madero Robert E

Purchase Details

Closed on
Jan 4, 2001
Sold by
Blake Ellen Marie
Bought by
Madero Robert E
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 Buyer Sale Price Title Company
Mccuan Billy $22,000 None Listed On Document
Mccuan Billy $22,000 None Listed On Document
Gadway Corey Alan -- None Listed On Document
Gadway Corey Alan -- None Listed On Document
Moses Sonali Jaya S $40,000 None Available
Gadway Corey $30,000 None Available
Sell George C $44,000 --
Sell George C $44,000 --
Madero Robert E -- --
Madero Norma L -- --
Madero Robert E -- --
Madero Norma L -- --
Madero Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccuan Billy $20,000
Closed Mccuan Billy $20,000
Previous Owner Moses Sonali Jaya S $35,000
Previous Owner Gadway Corey $28,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2024 09/12/24 Sold $22,000 -12.0% $16 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
08/25/2024 08/25/24 For Sale $25,000 -37.5% $18 / Sq Ft
03/09/2018 03/09/18 Sold $40,000 -10.1% $28 / Sq Ft View Prior Sale
02/26/2018 02/26/18 Pending -- -- --
10/25/2017 10/25/17 Price Changed $44,499 -0.6% $31 / Sq Ft
04/13/2017 04/13/17 Price Changed $44,750 -0.4% $32 / Sq Ft
02/12/2017 02/12/17 For Sale $44,912 +49.7% $32 / Sq Ft
02/10/2012 02/10/12 Sold $30,000 -11.8% $21 / Sq Ft View Prior Sale
01/18/2012 01/18/12 Pending -- -- --
10/21/2011 10/21/11 Price Changed $34,000 -10.5% $24 / Sq Ft
06/20/2011 06/20/11 For Sale $38,000 -- $27 / 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 $426 $46,467 $0 $0
2024 $426 $45,433 $0 $0
2023 $413 $44,400 $6,000 $38,400
2022 $393 $42,300 $0 $0
2021 $376 $40,200 $0 $0
2020 $354 $38,100 $6,000 $32,100
2019 $334 $35,700 $0 $0
2018 $314 $33,300 $0 $0
2017 $293 $30,900 $0 $0
2016 $296 $30,900 $0 $0
2015 $304 $30,900 $0 $0
2014 $304 $31,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAL2009826

Bright MLS

APN: 05-004330