NOT LISTED FOR SALE

5740 Korrell Ln Frederick, MD 21702

Estimated Value: $406,082 - $467,000

3 Beds
2.5 Baths
1,520 Sq Ft
$294/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $381,000 $251 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,570/month

4 Days on Market

Highlights

  • View of Trees or Woods
  • 4.21 Acre Lot
  • Wooded Lot
  • Yellow Springs Elementary School Rated A-
  • Private Lot
  • Traditional Floor Plan

About This Home

As of November 2021

Three lots combine for over 4 acres in this charming and renovated rancher with the wooded privacy you have been seeking. Get lost in nature and away from the hustle. This is home. This large ranch has been thoroughly renovated to meet today's standards. As you approach, you are struck by the private feel of Korrell Ln. Down the road, you encounter this lovely ranch, with long driveway & garage, home framed in trees and completely move in ready home. Enter to a lovely mud room or sitting room which leads nicely to your renovated kitchen. The kitchen has new cabinets, new counters, stainless appliances and luxury vinyl flooring. The kitchen flows nicely to a large family room. The main level has refinished hardwood floors and the family family is flanked by exposed brick and electric fireplace. The family room leads nicely to a formal dining room with gorgeous picture window. The main level also features three bedrooms. The primary bedroom is very spacious and adjacent to half bath and full bath. Two additional bedrooms on the main one of which would be a great home office. The lower level is improved with a full bath, potential rec room and walk out to rear yard. Other features include a lovely gazebo and potential koy pond. Welcome home!

Last Agent to Sell the Property

Andrew Hopley

(240) 309-6000 drew@livelocalselllocal.com Keller Williams Realty Centre License #SP200201373 Listed on: 10/06/2021

Keller Williams Realty Centre

Last Buyer's Agent

Carmella Smith

(301) 882-8710 mail@ownitfrederick.com Samson Properties License #641289

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,435

Year Built

  • Built in 1954 | Remodeled in 2021

Lot Details

  • 4.21 Acre Lot
  • No Through Street
  • Private Lot
  • Secluded Lot
  • Wooded Lot
  • Backs to Trees or Woods
  • Property is in very good condition
  • Property is zoned 010 RESIDENTIAL

Parking

  • 1 Car Detached Garage
  • Front Facing Garage

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,520 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Electric Fireplace
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Dining Room
  • Views of Woods
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave
  • Stainless Steel Appliances
  • Upgraded Countertops

Flooring

  • Wood
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Improved Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Rear Basement Entry
  • Shelving

Outdoor Features

  • Outbuilding

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Well
  • Electric Water Heater
  • Septic Equal To The Number Of Bedrooms

Community Details

  • No Home Owners Association
  • Yellow Springs Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1121414247

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,435

Year Built

Built in 1954 | Remodeled in 2021

Lot Details

4.21 Acres

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2021-10-07
  • Federal Flood Zone: No
  • Year Built: 1954
  • Year Renovated: 2021
  • Automatically Close On Close Date: No
  • Special Assessment Payment: Annually
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Refrigerator, Washer, Stove, Stainless Steel Appliances, Microwave, Exhaust Fan
  • Flooring Type: Hardwood, Luxury Vinyl Tile
  • Interior Amenities: Attic, Dining Area, Wood Floors, Floor Plan - Traditional, Breakfast Area, Combination Kitchen/Living, Entry Level Bedroom, Family Room Off Kitchen, Upgraded Countertops
  • Fireplace Features: Electric, Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Laundry, Bedroom 6, Attic
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Rear Entrance, Full, Improved, Shelving, Walkout Level
  • Laundry Type: Lower Floor
  • Total Sq Ft: 1520
  • Living Area Sq Ft: 1520
  • Price Per Sq Ft: 230.26
  • Above Grade Finished Sq Ft: 1520
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Concrete
  • Exterior Features: Outbuilding(s)
  • Roof: Asphalt
  • Spa: No
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Off Street, Detached Garage
  • Off Street Parking Spaces: 4

Utilities

  • Refuse: 88.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic = # Of Br
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 122400.00
  • Land Assessed Value: 84500.00
  • Lot Features: Backs To Trees, No Thru Street, Trees/Wooded, Secluded, Private
  • Lot Size Acres: 4.21
  • Lot Dimensions: Total of three total lots--three tax ID's
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 183387.60
  • Property Condition: Very Good
  • Zoning: 010 RESIDENTIAL
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 11540125
  • Tax Annual Amount: 2435.00
  • Assessor Parcel Number: 1121414247
  • Tax Page Number: 600
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2021
Closed on
Nov 5, 2021
Sold by
Ma Wenbin and Yang Mingze
Bought by
Gladhill Karen Denise and Gladhill Joshua Allen
Seller's Agent
Andrew Hopley
Keller Williams Realty Centre
Buyer's Agent
Carmella Smith
Samson Properties
List Price
$350,000
Sold Price
$381,000
Premium/Discount to List
$31,000
8.86%
Current Estimated Value
$446,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,521
Avg. Annual Appreciation
3.78%
Original Mortgage
$361,950
Outstanding Balance
$331,155
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$115,366

Purchase Details

Listed on
Aug 1, 2012
Closed on
Sep 25, 2012
Sold by
Martz Walter C
Bought by
Yang Mingze and Ma Wenbin
Seller's Agent
J.B. Powell
Real Estate Teams, LLC
Buyer's Agent
Gaye Eckenrode
Allison James Estates & Homes
List Price
$149,000
Sold Price
$130,000
Premium/Discount to List
-$19,000
-12.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.51%
Original Mortgage
$97,500
Interest Rate
3.59%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gladhill Karen Denise $381,000 Assurance Title Llc
Yang Mingze $130,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gladhill Karen Denise $361,950
Previous Owner Yang Mingze $97,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2021 11/05/21 Sold $381,000 +8.9% $251 / Sq Ft
10/10/2021 10/10/21 Pending -- -- --
10/06/2021 10/06/21 For Sale $350,000 +169.2% $230 / Sq Ft
09/25/2012 09/25/12 Sold $130,000 -12.8% $94 / Sq Ft View Prior Sale
08/18/2012 08/18/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $149,000 -- $108 / 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 $3,237 $303,300 -- --
2024 $3,237 $255,100 $0 $0
2023 $2,551 $206,900 $84,500 $122,400
2022 $2,506 $203,000 $0 $0
2021 $2,460 $199,100 $0 $0
2020 $2,436 $195,200 $84,500 $110,700
2019 $2,380 $192,167 $0 $0
2018 $2,217 $189,133 $0 $0
2017 $2,234 $186,100 $0 $0
2016 $2,356 $179,633 $0 $0
2015 $2,356 $173,167 $0 $0
2014 $2,356 $166,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR2006526

Bright MLS

APN: 21-414247

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