NOT LISTED FOR SALE

571 Main St Church Hill, MD 21623

Estimated Value: $423,548 - $581,000

-- Bed
4 Baths
4,131 Sq Ft
$116/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $415,000 $100 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,856/month

8 Days on Market

Highlights

  • Wood Flooring
  • Victorian Architecture
  • Electric Baseboard Heater
  • Church Hill Elementary School Rated A-
  • Storm Windows
  • Asbestos

About This Home

As of May 2024

This Victorian has been converted to 3 apartments and are in very good condition. There is one 3 bedroom, 1 1/2 bath unit renting for $1,700 per month and 2 one bedroom apartments with each renting for $850 per month. All three have one year leases. Seller pays property taxes, sewer and lawn care. Tenants pay for heating and electric in their individual units. The property is almost 1.5 acres. Public sewer. Great investment opportunity!

Last Agent to Sell the Property

Doug Ashley

Doug Ashley Realtors, LLC License #29249 Listed on: 04/18/2024

Last Buyer's Agent

Deborah Callahan

Benson & Mangold, LLC License #672205

Benson & Mangold, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,577

Year Built

  • Built in 1904

Lot Details

  • 1.48 Acre Lot
  • Property is in very good condition

Home Design

  • 4,131 Sq Ft Home
  • Triplex
  • Victorian Architecture
  • Plaster Walls
  • Asphalt Roof
  • Asbestos

Flooring

  • Wood
  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Dirt Floor
  • Crawl Space

Parking

  • Driveway
  • Parking Lot

Utilities

  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Electric Baseboard Heater
  • Well
  • Oil Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for management, sewer, real estate taxes, lawn/shrub care
  • Assessor Parcel Number 1802012294

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,577

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1904
  • Automatically Close On Close Date: No
  • Remarks Public: This Victorian has been converted to 3 apartments and are in very good condition. There is one 3 bedroom, 1 1/2 bath unit renting for $1,700 per month and 2 one bedroom apartments with each renting for $850 per month. All three have one year leases. Seller pays property taxes, sewer and lawn care. Tenants pay for heating and electric in their individual units. The property is almost 1.5 acres. Public sewer. Great investment opportunity!
  • Special Features: None

Interior Features

  • Appliances: Dryer, Refrigerator, Water Heater, Washer
  • Flooring Type: Carpet, Wood, Vinyl
  • Window Features: Storm
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Crawl Space
  • Basement: Yes
  • Basement Type: Dirt Floor, Partial
  • Total Sq Ft: 4131
  • Living Area Sq Ft: 4131
  • Price Per Sq Ft: 102.88
  • Above Grade Finished Sq Ft: 4131
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 571

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asbestos
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric, Oil
  • Heating Type: Baseboard - Electric, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric, Oil
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Schools

  • School District: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
  • School District Key: 121137777627
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 1.48
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 64643.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Management, Sewer, Taxes - Real Estate, Lawn/Shrub Care
  • Total Actual Rent: 40800.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3577.00
  • Assessor Parcel Number: 1802012294
  • Tax Total Finished Sq Ft: 4131
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/31/2024

Multi Family

  • Gross Income: 40800.00

MLS Schools

  • School District Name: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
May 31, 2024
Sold by
Margaret T Schelts Trust and Bitter Deborah S
Bought by
Kyffhauser Faun Llc
Seller's Agent
Doug Ashley
Doug Ashley Realtors, LLC
Buyer's Agent
Deborah Callahan
Benson & Mangold, LLC
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Views
17
Current Estimated Value
$480,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,137
Avg. Annual Appreciation
12.06%

Purchase Details

Closed on
Oct 14, 2019
Sold by
Schelts Margaret Turner
Bought by
Schelts Margaret T and The Margaret T Schelts Trust
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
Kyffhauser Faun Llc $415,000 None Listed On Document
Kyffhauser Faun Llc $415,000 None Listed On Document
Schelts Margaret T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Interfaith Housing Development Corp Of T $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $415,000 -2.4% $100 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $425,000 -- $103 / 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 $3,577 $279,000 $76,200 $202,800
2024 $3,577 $279,000 $76,200 $202,800
2023 $3,577 $279,000 $76,200 $202,800
2022 $3,742 $291,900 $61,400 $230,500
2021 $3,556 $273,733 $0 $0
2020 $3,315 $255,167 $0 $0
2019 $3,079 $237,000 $58,700 $178,300
2018 $2,976 $229,067 $0 $0
2017 $2,873 $221,133 $0 $0
2016 -- $213,200 $0 $0
2015 $2,476 $205,667 $0 $0
2014 $2,476 $198,133 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDQA2009466

Bright MLS

APN: 02-012294