NOT LISTED FOR SALE

646 Potomac Ave Hagerstown, MD 21740

Central Neighborhood

Estimated Value: $194,357

-- Bed
-- Bath
2,852 Sq Ft
$68/Sq Ft Est. Value

Last Sold February 05, 2016

Last sale price $99,900 $35 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $1,136/month

70 Days on Market

Highlights

  • No HOA
  • Central Air
  • Radiator
  • North Hagerstown High School Rated A-

About This Home

As of February 2016

Very nice commercial building that was previously 3 units. Would be perfect to have a business on the main floor and 2 residential tenants above to pay the mortgage. Current owner has run a successful business for over 30 years and is retiring. Property in great condition and has many possibilities. Priced to sell - must see!!

Last Agent to Sell the Property

Eddie Jefferson

The Glocker Group Realty Results Listed on: 10/01/2015

Last Buyer's Agent

Connie Mozingo

Real Estate Innovations

Real Estate Innovations

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,423

Year Built

  • Built in 1885

Lot Details

  • 5,612 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Stucco

Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Schools

  • Potomac Heights Elementary School
  • Northern Middle School

Utilities

  • Central Air
  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 3 Units
  • Hagerstown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2222003003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,423

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1885
  • Remarks Public: Very nice commercial building that was previously 3 units. Would be perfect to have a business on the main floor and 2 residential tenants above to pay the mortgage. Current owner has run a successful business for over 30 years and is retiring. Property in great condition and has many possibilities. Priced to sell - must see!!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full
  • Price Per Sq Ft: 35.03
  • Street Number Modifier: 646

Exterior Features

  • Construction Materials: Brick, Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: WASHINGTON COUNTY PUBLIC SCHOOLS
  • Elementary School: POTOMAC HEIGHTS
  • Middle School: NORTHERN
  • School District Key: 121138761341
  • Elementary School: POTOMAC HEIGHTS
  • Middle Or Junior School: NORTHERN

Lot Info

  • Improvement Assessed Value: 85400.00
  • Land Assessed Value: 60100.00
  • Lot Size Acres: 0.13
  • Lot Size Area: 5612
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5612.00
  • Property Attached Yn: No
  • Year Assessed: 2015
  • Zoning: CG
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11623408
  • Tax Annual Amount: 2422.73
  • Assessor Parcel Number: 2222003003
  • Tax Total Finished Sq Ft: 2852
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015
  • Close Date: 02/05/2016

Multi Family

  • Vacancy Allowance Rate: 100.00

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2015
Closed on
Feb 5, 2016
Sold by
Law Ann W and Law Patrick W
Bought by
Vance Joseph and Vance Kelly
Seller's Agent
Eddie Jefferson
The Glocker Group Realty Results
Buyer's Agent
Connie Mozingo
Real Estate Innovations
List Price
$99,900
Sold Price
$99,900
Current Estimated Value
$194,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,457
Avg. Annual Appreciation
7.18%
Original Mortgage
$79,920
Outstanding Balance
$64,089
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$130,268

Purchase Details

Closed on
Jan 5, 1983
Sold by
Mayhew Patrick R
Bought by
Law W Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
13.57%

Purchase Details

Closed on
Dec 29, 1981
Sold by
Daley Connie L
Bought by
Mayhew Patrick R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
16.95%
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
Vance Joseph $99,900 Olde Towne Title Inc
Law W Patrick $46,500 --
Mayhew Patrick R $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vance Joseph $79,920
Previous Owner Law W Patrick $45,000
Previous Owner Mayhew Patrick R $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2016 02/05/16 Sold $99,900 0.0% $35 / Sq Ft
12/10/2015 12/10/15 Pending -- -- --
10/01/2015 10/01/15 For Sale $99,900 -- $35 / 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 $1,018 $118,400 $44,800 $73,600
2024 $1,018 $111,733 $0 $0
2023 $957 $105,067 $0 $0
2022 $896 $98,400 $44,800 $53,600
2021 $474 $98,400 $44,800 $53,600
2020 $916 $98,400 $44,800 $53,600
2019 $928 $99,200 $44,800 $54,400
2018 $928 $99,200 $44,800 $54,400
2017 $928 $99,200 $0 $0
2016 -- $131,100 $0 $0
2015 $3,330 $131,100 $0 $0
2014 $3,330 $131,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Eddie Jefferson

    Seller's Agent in 2016

    Eddie Jefferson

    The Glocker Group Realty Results

    (301) 991-9473

    5 in this area

    106 Total Sales

    Eddie Jefferson
    Section Image
  • Connie Mozingo

    Buyer's Agent in 2016

    Connie Mozingo

    Real Estate Innovations

    (301) 667-6063

    15 Total Sales

    Connie Mozingo
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003737781

Bright MLS

APN: 22-003003

Maryland Washington County Hagerstown 21740 Central

646 Potomac Ave, Hagerstown, MD

This home is located at 646 Potomac Ave, Hagerstown, MD 21740 since 01 October 2015 and is currently estimated at $194,357, approximately $68 per square foot. This property was built in 1885. 646 Potomac Ave is a home located in Washington County with nearby schools including Potomac Heights Elementary School, Northern Middle School, and North Hagerstown High School.

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