NOT LISTED FOR SALE

551 Heather Ridge Dr Unit M Frederick, MD 21702

Villa Estates Neighborhood

Estimated Value: $163,000 - $182,000

2 Beds
1 Bath
860 Sq Ft
$246/mo HOA Fee

Last Sold March 01, 2022

Last sale price $120,000 $140 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,351/month

1 Day on Market

Highlights

  • Colonial Architecture
  • Community Pool
  • Central Heating and Cooling System

About This Home

As of March 2022

coming soon. professional photos and tour coming soon. new luxury vinyl plank flooring going in this week. Top Floor, Newly painted with brand new upgraded LVP flooring. 2 Bedroom & 1 Full Bath Condo with large 20X12 Living Room and private balcony, new(ish) appliances, breakfast bar, open floorplan, large bedrooms and walk-in closet. This is a super opportunity for a first-time-buyer to enjoy the Pride-Of-Ownership or for an Investor to enjoy ROI. Ample parking with spaces reserved for owners and guests. Convenience is huge here! Close to shopping, restaurants, and commuter routes. Beautiful condition but being sold as is due to estate ownership. Prefer CLA Title for settlement due to estate/title work. Offers on GCAAR or MAR forms acceptable. Must include Financial Info Sheet and Pre Approval from a direct lender plus 2% EMD. Offers to be presented after the first full weekend on the market. Bring best and final.

Last Agent to Sell the Property

Melissa King

(301) 651-8051 king1realtor@gmail.com RE/MAX Realty Centre, Inc. Listed on: 02/17/2022

RE/MAX Realty Centre, Inc.

Last Buyer's Agent

Melissa King

(301) 651-8051 king1realtor@gmail.com RE/MAX Realty Centre, Inc. Listed on: 02/17/2022

RE/MAX Realty Centre, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,488

Year Built

  • Built in 1983

Lot Details

  • 1 Common Wall

HOA Fees

  • $246 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Entry on the 4th floor
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 860 Sq Ft Home
  • Property has 4 Levels

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 10M
  • Assessor Parcel Number 1102125943

Community Details

Overview

  • $246 Capital Contribution Fee
  • Association fees include common area maintenance, water, management, reserve funds
  • Low-Rise Condominium
  • Ambertowne Condos
  • Ambertowne Subdivision
  • Property Manager

Amenities

  • Common Area

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,488

Year Built

Built in 1983

Lot Details

0

HOA Fees

$246 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-02-25
  • Federal Flood Zone: No
  • Year Built: 1983
  • Automatically Close On Close Date: No
  • Remarks Public: coming soon. professional photos and tour coming soon. new luxury vinyl plank flooring going in this week. Top Floor, Newly painted with brand new upgraded LVP flooring. 2 Bedroom & 1 Full Bath Condo with large 20X12 Living Room and private balcony, new(ish) appliances, breakfast bar, open floorplan, large bedrooms and walk-in closet. This is a super opportunity for a first-time-buyer to enjoy the Pride-Of-Ownership or for an Investor to enjoy ROI. Ample parking with spaces reserved for owners and guests. Convenience is huge here! Close to shopping, restaurants, and commuter routes. Beautiful condition but being sold as is due to estate ownership. Prefer CLA Title for settlement due to estate/title work. Offers on GCAAR or MAR forms acceptable. Must include Financial Info Sheet and Pre Approval from a direct lender plus 2% EMD. Offers to be presented after the first full weekend on the market. Bring best and final.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range - Electric, Range Hood, Refrigerator, Washer
  • Entry Floor: 4
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 860
  • Living Area Sq Ft: 860
  • Price Per Sq Ft: 139.53
  • Above Grade Finished Sq Ft: 860
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 551

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Refuse: 88.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 245.71
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Ambertowne
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Water, Management, Reserve Funds
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 245.71

Schools

  • School District: FREDERICK COUNTY PUBLIC SCHOOLS
  • School District Key: 121139693024
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U
  • Year Assessed: 2021
  • Zoning: R20
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Tax Annual Amount: 1488.00
  • Assessor Parcel Number: 1102125943
  • Tax Lot: 10M
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 03/01/2022

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2022
Sold by
Wong Albert
Bought by
Earn & Learn Enterprises Llc
Current Estimated Value
$174,992

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 1, 2022
Sold by
Simpson Peggy L
Bought by
Wong Albert and Vert-Wong Ekaterina
Seller's Agent
Melissa King
RE/MAX Realty Centre, Inc.
Buyer's Agent
Melissa King
RE/MAX Realty Centre, Inc.
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.89%

Purchase Details

Closed on
Oct 23, 2003
Sold by
Messner Blair D
Bought by
Simpson Gary S

Purchase Details

Closed on
Oct 13, 1983
Sold by
Ambertowne Condo Inc
Bought by
Messner Blair D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,600
Interest Rate
13.59%
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
Earn & Learn Enterprises Llc -- --
Earn & Learn Enterprises Llc -- None Listed On Document
Wong Albert $120,000 Fidelity National Title
Simpson Gary S $65,000 --
Messner Blair D $40,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Messner Blair D $38,600
Closed Simpson Gary S --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2022 03/01/22 Sold $120,000 0.0% $140 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/17/2022 02/17/22 Off Market $120,000 -- --
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 $2,242 $135,000 $45,000 $90,000
2024 $2,242 $119,667 $0 $0
2023 $1,907 $104,333 $0 $0
2022 $1,628 $89,000 $25,000 $64,000
2021 $1,523 $83,000 $0 $0
2020 $1,424 $77,000 $0 $0
2019 $1,304 $71,000 $21,000 $50,000
2018 $1,213 $68,000 $0 $0
2017 $1,142 $71,000 $0 $0
2016 $990 $62,000 $0 $0
2015 $990 $58,667 $0 $0
2014 $990 $55,333 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR2013666

Bright MLS

APN: 02-125943