NOT LISTED FOR SALE

550 Park Ave Cumberland, MD 21502

Estimated Value: $147,000 - $193,529

3 Beds
2 Baths
1,752 Sq Ft
$98/Sq Ft Est. Value

Last Sold January 31, 2025

Last sale price $150,000 $86 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,030/month

120 Days on Market

Highlights

  • Craftsman Architecture
  • 1 Fireplace
  • Porch
  • Parkside Elementary School Rated 9+
  • No HOA
  • Storm Windows

About This Home

As of January 2025

Introducing a charming three-bedroom, two bath home that has been beautifully remodeled to provide a comfortable and modern living space. As you step inside, you'll notice the stunning new flooring throughout the house, creating a fresh and inviting atmosphere. The entire home has been freshly painted, giving it a contemporary and clean look. The kitchen has been updated with all-new appliances. The spacious layout offers plenty of room for a dining area, perfect for enjoying meals with family and friends. The front of the house boasts new windows, adding to the overall appeal and energy efficiency of the property. One of the standout features of this property is the potential in-law suite or apartment. Although it requires TLC, this space can be transformed into a cozy and private retreat. The backyard offers a peaceful and private setting, making it an ideal spot for relaxation and outdoor activities. Convenience is key, as the main level features a laundry room equipped with a brand-new washer and dryer. This home is being sold "as is" and is located in a private and tranquil location. Don't miss the opportunity to own this delightful home with its updated kitchen, comfortable living spaces with beautiful decorative fireplace, and potential for personalized additions. Imagine spending evenings on the porch swing, enjoying the serene surroundings. Schedule a showing today and make this charming property your own!

Last Agent to Sell the Property

Casey Gates

(240) 580-8494 caseyjeanette2014@hotmail.com Gates Realty License #055008173 Listed on: 07/27/2024

Last Buyer's Agent

Caleb Wilson

(301) 865-2037 gdever@me.com Maryland Real Estate Group LLC License #RSR006506

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,157

Year Built

  • Built in 1928

Lot Details

  • 7,500 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Replacement Windows
  • Storm Windows
  • Electric Oven or Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Exterior Lighting
  • Outbuilding
  • Porch

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0129029539

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,157

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Craftsman
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-07-31
  • Federal Flood Zone: No
  • Year Built: 1928
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Refrigerator, Oven/Range - Electric, Washer
  • Window Features: Replacement, Storm
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Laundry Type: Main Floor
  • Total Sq Ft: 2424
  • Living Area Sq Ft: 1752
  • Price Per Sq Ft: 96.97
  • Above Grade Finished Sq Ft: 1752
  • Below Grade Sq Ft: 672
  • Total Below Grade Sq Ft: 672
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Exterior Lighting, Outbuilding(s)
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • 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

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Excellent
  • Zoning: RESIDENTAL
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1157.00
  • Assessor Parcel Number: 0129029539
  • 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
Jul 27, 2024
Closed on
Jan 31, 2025
Sold by
Lattea Randy Allen
Bought by
Phillips Ginny Lee and Mason William Henry
Seller's Agent
Casey Gates
Gates Realty
Buyer's Agent
Caleb Wilson
Maryland Real Estate Group LLC
List Price
$179,900
Sold Price
$150,000
Premium/Discount to List
-$29,900
-16.62%
Views
287
Current Estimated Value
$172,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,132
Avg. Annual Appreciation
14.75%
Original Mortgage
$145,500
Outstanding Balance
$144,110
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$28,022

Purchase Details

Listed on
May 10, 2022
Closed on
Jun 16, 2022
Sold by
Killander Ketih B
Bought by
Lattea Randy Allen
Seller's Agent
Stephen MacGray
Charis Realty Group
Buyer's Agent
Casey Gates
Gates Realty
List Price
$125,000
Sold Price
$124,900
Premium/Discount to List
-$100
-0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$112,410
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2000
Sold by
Killander Keith B and Killander Leslie A
Bought by
Killander Keith B
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
Phillips Ginny Lee $150,000 Olde Towne Title
Lattea Randy Allen $124,900 None Listed On Document
Killander Keith B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Ginny Lee $145,500
Previous Owner Lattea Randy Allen $112,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2025 01/31/25 Sold $150,000 -11.7% $86 / Sq Ft
11/01/2024 11/01/24 Price Changed $169,900 -2.9% $97 / Sq Ft
10/11/2024 10/11/24 Price Changed $174,900 -0.6% $100 / Sq Ft
09/01/2024 09/01/24 Price Changed $175,900 -2.2% $100 / Sq Ft
07/27/2024 07/27/24 For Sale $179,900 +44.0% $103 / Sq Ft
06/16/2022 06/16/22 Sold $124,900 0.0% $71 / Sq Ft View Prior Sale
05/16/2022 05/16/22 Pending -- -- --
05/10/2022 05/10/22 Price Changed $124,900 -0.1% $71 / Sq Ft
05/10/2022 05/10/22 For Sale $125,000 -- $71 / Sq Ft
Source: Bright MLS

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 $1,637 $132,900 $0 $0
2024 $1,413 $116,600 $17,200 $99,400
2023 $1,157 $106,400 $0 $0
2022 $1,166 $96,200 $0 $0
2021 $1,041 $86,000 $17,200 $68,800
2020 $1,049 $85,833 $0 $0
2019 $1,038 $85,667 $0 $0
2018 $1,028 $85,500 $17,200 $68,300
2017 $1,013 $85,500 $0 $0
2016 -- $85,500 $0 $0
2015 $656 $109,000 $0 $0
2014 $656 $109,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAL2009520

Bright MLS

APN: 29-029539