NOT LISTED FOR SALE

550 Virginia Ave Hagerstown, MD 21740

South End Neighborhood

Estimated Value: $215,000 - $273,000

-- Bed
1 Bath
1,500 Sq Ft
$166/Sq Ft Est. Value

Last Sold March 21, 2022

Last sale price $230,000 $153 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,439/month

About This Home

As of March 2022

Great investment property! Nice duplex situated across the street from City Park. Each unit has two levels, and features 2 bedrooms, 1 full bath, living room, and eat-in kitchen. Window units for cooling, electric baseboard heating. Parking in driveway plus off-street. Convenient location!

Last Agent to Sell the Property

Mary Llewellyn

(301) 992-5946 mary@thellewellyngroup.com The KW Collective License #525987 Listed on: 02/08/2022

The KW Collective

Last Buyer's Agent

Troyce Gatewood

(301) 329-6193 admin@troycegatewood.com Real Broker, LLC - Frederick

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,323

Year Built

  • Built in 1984

Lot Details

  • 5,000 Sq Ft Lot
  • Property is in good condition

Home Design

  • 1,500 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Permanent Foundation

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Schools

  • Bester Elementary School
  • E. Russell Hicks Middle School
  • South Hagerstown Sr High School

Utilities

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

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 2203004937

Community Details

Overview

  • 2 Units
  • 2-Story Building
  • Hagerstown Subdivision

Building Details

  • Gross Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,323

Year Built

Built in 1984

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
  • Expected On Market: 2022-02-12
  • Year Built: 1984
  • Automatically Close On Close Date: No
  • Remarks Public: Great investment property! Nice duplex situated across the street from City Park. Each unit has two levels, and features 2 bedrooms, 1 full bath, living room, and eat-in kitchen. Window units for cooling, electric baseboard heating. Parking in driveway plus off-street. Convenient location!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Permanent
  • Basement: No
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Price Per Sq Ft: 153.33
  • Above Grade Finished Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 550-552

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
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

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

Schools

  • School District: WASHINGTON COUNTY PUBLIC SCHOOLS
  • Elementary School: BESTER
  • Middle School: E. RUSSELL HICKS SCHOOL
  • High School: SOUTH HAGERSTOWN SR
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138761341
  • School District Source: 3rd Party
  • Elementary School: BESTER
  • High School: SOUTH HAGERSTOWN SR
  • Middle Or Junior School: E. RUSSELL HICKS SCHOOL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 77600.00
  • Land Assessed Value: 45000.00
  • Land Use Code: 110
  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: RMOD
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 1
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11592963
  • Tax Annual Amount: 2323.00
  • Assessor Parcel Number: 2203004937
  • Tax Lot: 16
  • Tax Total Finished Sq Ft: 1500
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 03/21/2022

Multi Family

  • Gross Scheduled Income: 18000.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2022
Closed on
Mar 21, 2022
Sold by
Mckinley Kristen D
Bought by
Zeger Zachary B
Seller's Agent
Mary Llewellyn
The KW Collective
Buyer's Agent
Troyce Gatewood
Real Broker, LLC - Frederick
List Price
$209,900
Sold Price
$230,000
Premium/Discount to List
$20,100
9.58%
Current Estimated Value
$248,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,576
Avg. Annual Appreciation
2.09%
Original Mortgage
$172,500
Outstanding Balance
$163,256
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$84,028

Purchase Details

Closed on
May 6, 2005
Sold by
Colvin William L
Bought by
Mckinley Kristen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 1988
Sold by
Day Michael G
Bought by
Colvin William L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
10.46%
Source: Public Records

Range of Values:

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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
Zeger Zachary B $230,000 New Title Company Name
Mckinley Kristen D $170,000 --
Colvin William L $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeger Zachary B $172,500
Previous Owner Mckinley Kristen D $107,951
Previous Owner Mckinley Kristen D $136,000
Previous Owner Colvin William L $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2022 03/21/22 Sold $230,000 0.0% $153 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
02/15/2022 02/15/22 Price Changed $230,000 +9.6% $153 / Sq Ft
02/08/2022 02/08/22 For Sale $209,900 0.0% $140 / Sq Ft
09/07/2013 09/07/13 Rented $650 0.0% --
09/06/2013 09/06/13 Under Contract -- -- --
08/19/2013 08/19/13 For Rent $650 -- --
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 $1,378 $165,600 $45,000 $120,600
2024 $1,378 $151,267 $0 $0
2023 $1,247 $136,933 $0 $0
2022 $1,117 $122,600 $45,000 $77,600
2021 $1,215 $121,267 $0 $0
2020 $1,109 $119,933 $0 $0
2019 $1,109 $118,600 $45,000 $73,600
2018 $1,188 $118,600 $45,000 $73,600
2017 $1,122 $118,600 $0 $0
2016 -- $120,000 $0 $0
2015 $2,951 $120,100 $0 $0
2014 $2,951 $120,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Llewellyn

    Seller's Agent in 2022

    Mary Llewellyn

    The KW Collective

    (301) 992-5946

    8 in this area

    503 Total Sales

    Mary Llewellyn
    Section Image
  • Troyce Gatewood

    Buyer's Agent in 2022

    Troyce Gatewood

    Real Broker, LLC - Frederick

    (301) 329-6193

    3 in this area

    1,048 Total Sales

    Troyce Gatewood
    Section Image

  • J

    Seller's Agent in 2013

    Jerry Smelgus

    Accurate Management & Sales LLC

    (240) 625-9030

    9 Total Sales

    Jerry Smelgus
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWA2005630

Bright MLS

APN: 03-004937

Maryland Washington County Hagerstown 21740 South End

550 Virginia Ave, Hagerstown, MD

This home is located at 550 Virginia Ave, Hagerstown, MD 21740 since 08 February 2022 and is currently estimated at $248,576, approximately $165 per square foot. This property was built in 1984. 550 Virginia Ave is a home located in Washington County with nearby schools including Bester Elementary School, E. Russell Hicks Middle School, and South Hagerstown High School.

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