NOT LISTED FOR SALE

614 Columbia Ave Cumberland, MD 21502

Studio
4 Baths
2,868 Sq Ft
4,792 Sq Ft Lot

Last Sold January 04, 2024

Last sale price $123,000 $43 Per Sq Ft

54 Days on Market

About This Home

As of January 2024

Now available, 4 unit that at this listing is 75% rented, and one unit currently being advertised. All units were recently painted and licenses. Variety of units - (1) one bedroom unit, (2) Three bedroom Units, (1) Two Bedroom Units. At full occupancy, rent is $2550. Many updates an repairs done over the last year. Call L/A for more information. Open House, where agent will be on premises to show. Property will be sold AS-IS.

Last Agent to Sell the Property

Roger Weaver

(301) 983-0200 kelly.nicklas@cbmove.com Coldwell Banker Realty License #SP98361040 Listed on: 10/12/2023

Coldwell Banker Realty

Last Buyer's Agent

Aaron Hendrickson

(301) 689-8857 info@thegoodfellowagency.com The Goodfellow Agency License #WVS210301490

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,214

Year Built

  • Built in 1910 | Remodeled in 2023

Lot Details

  • 4,653 Sq Ft Lot

Home Design

  • Quadruplex
  • Colonial Architecture
  • Shingle Siding
  • Vinyl Siding

Parking

  • 3 Parking Spaces
  • 3 Off-Street Spaces

Schools

  • Allegany High School

Utilities

  • Electric Baseboard Heater
  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for water, real estate taxes, snow removal, sewer, repairs, gas
  • Tax Lot 56
  • Assessor Parcel Number 0105015243

Community Details

Overview

  • 4 Units
  • 3-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $1,200
  • Gross Income $30,600
  • Net Operating Income $16,664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,214

Year Built

Built in 1910 | Remodeled in 2023

Lot Details

4,653 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 10/12/2023 12:00:00 AM
  • Year Built: 1910
  • Year Renovated: 2023
  • Automatically Close On Close Date: No
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Total Sq Ft: 4248
  • Living Area Sq Ft: 2868
  • Price Per Sq Ft: 48.43
  • Above Grade Finished Sq Ft: 2868
  • Below Grade Sq Ft: 1380
  • Total Below Grade Sq Ft: 1380
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Shingle Siding
  • 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: 3
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 3

Utilities

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

Schools

  • School District Source: Listing Agent
  • High School: ALLEGANY

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4653.00
  • Zoning: RESIDENT
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Water, Taxes - Real Estate, Snow Removal, Sewer, Repairs, Gas
  • Rent Control: No
  • Total Actual Rent: 30600.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1214.00
  • Assessor Parcel Number: 0105015243
  • Tax Lot: 56
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 2550.00
  • Gross Scheduled Income: 30600.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Vacancy Allowance Rate: 6.25

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/04/2024 01/04/24 Sold $123,000 -11.4% $43 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $138,900 +17.7% $48 / Sq Ft
06/09/2023 06/09/23 Sold $118,000 +12.4% $41 / Sq Ft View Prior Sale
05/17/2023 05/17/23 For Sale $105,000 +50.0% $37 / Sq Ft
04/22/2017 04/22/17 Sold $70,000 0.0% $24 / Sq Ft View Prior Sale
03/17/2017 03/17/17 Pending -- -- --
01/20/2017 01/20/17 Price Changed $70,000 -6.7% $24 / Sq Ft
09/27/2016 09/27/16 For Sale $75,000 -- $26 / 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 $979 $106,833 $0 $0
2024 $787 $83,967 $0 $0
2023 $568 $61,100 $4,100 $57,000
2022 $567 $61,100 $4,100 $57,000
2021 $571 $61,100 $4,100 $57,000
2020 $621 $66,900 $8,100 $58,800
2019 $625 $66,900 $8,100 $58,800
2018 $636 $66,900 $8,100 $58,800
2017 $665 $70,400 $0 $0
2016 $675 $70,400 $0 $0
2015 $842 $70,400 $0 $0
2014 $842 $87,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAL2007238

Bright MLS

APN: 05-015243

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