NOT LISTED FOR SALE
3.7 Acres
-- Price per Acre
161,172 Sq Ft Lot

Last Sold December 27, 2024

Last sale price $2,600,000

About This Lot

As of December 2024

This site/parcel is ideal for apartments, condos or assisted living. Thomas Johnson Drive is home to the largest concentration of diverse medical practices within all of Frederick County. Frederick is amongst the strongest multifamily markets within the state of Maryland. The site is flat, cleared and has great access to major commuter routes, and a 5 minute drive to historic downtown Frederick City.

Last Agent to Sell the Property

Chad Tyler

(301) 428-0705 chad@tylerco.com Tyler Duncan Realty Partners, Inc. Listed on: 04/01/2024

Last Buyer's Agent

Brian Duncan

(301) 831-8575 brian@tylerco.com Tyler Duncan Realty Partners, Inc. License #607909

Property Details

Property Type

  • Land

Lot Details

  • 3.7 Acre Lot
  • Property is zoned COMMERCIAL

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 02185903

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 18.61

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 3.70
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 161172.00
  • Zoning: COMMERCIAL
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 02185903
  • Tax Year: 2024

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2023
Sold by
57 Tj Drive Llc
Bought by
Stone Rose Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,048,000
Outstanding Balance
$1,019,771
Interest Rate
6.35%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 30, 2022
Sold by
Frederick Mutual Insurance Company
Bought by
57 Tj Drive Llc

Purchase Details

Closed on
Jan 19, 1993
Sold by
Guyton Gail T
Bought by
Mutual Insurance Co Of Fred Co
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Stone Rose Properties Llc $840,000 None Listed On Document
57 Tj Drive Llc -- --
Mutual Insurance Co Of Fred Co $205,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone Rose Properties Llc $1,048,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2024 12/27/24 Sold $2,600,000 -13.3% --
04/01/2024 04/01/24 For Sale $3,000,000 0.0% --
12/31/2023 12/31/23 Sold $3,000,000 0.0% -- View Prior Sale
11/14/2022 11/14/22 For Sale $3,000,000 -- --
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
2022 $34,191 $1,892,400 $976,800 $915,600
2021 $33,782 $1,892,400 $976,800 $915,600
2020 $33,782 $1,893,100 $976,800 $916,300
2019 $33,765 $1,893,100 $976,800 $916,300
2018 $33,769 $1,893,100 $976,800 $916,300
2017 $22,192 $1,893,500 $0 $0
2016 $52,905 $1,863,000 $0 $0
2015 $52,905 $1,832,500 $0 $0
2014 $52,905 $2,536,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR2046504

Bright MLS

APN: 02-185903