NOT LISTED FOR SALE

700 E Patrick St Frederick, MD 21701

East Frederick Neighborhood

Estimated Value: $443,343 - $565,000

-- Bed
2 Baths
2,415 Sq Ft
$216/Sq Ft Est. Value

Last Sold November 14, 2017

Last sale price $230,000 $95 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $2,737/month

49 Days on Market

Highlights

  • Wrap Around Porch
  • Window Unit Cooling System
  • Hot Water Heating System
  • Spring Ridge Elementary School Rated A-
  • Forced Air Heating System
  • 4-minute walk to Grove Park

About This Home

As of November 2017

Large Single Family home converted into two- 2 Bedroom apartments across from the Fred. Fairgrounds. Conveniently located to all major commuter routes & downtown Frederick. Vacant main level apt has new carpet & fresh paint. This unit can be seen w/o 24 hr notice. Contact LA. Designated 4 parking spaces (2 for each). Units are separately metered. LL pays water/sewer. $1800/mo. when fully leased.

Last Agent to Sell the Property

Rich Ropp

(301) 748-1757 rich@ropprealestate.com Real Estate Teams, LLC License #597366 Listed on: 08/05/2017

Last Buyer's Agent

Rich Ropp

(301) 748-1757 rich@ropprealestate.com Real Estate Teams, LLC License #597366 Listed on: 08/05/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,203

Year Built

  • Built in 1915

Lot Details

  • 7,355

Home Design

  • Brick Exterior Construction
  • Slate Roof

Unfinished Basement

  • Rear Basement Entry
  • Natural lighting in basement

Parking

  • Driveway
  • Off-Street Parking
  • 4 Assigned Parking Spaces

Schools

  • Spring Ridge Elementary School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • Electric Water Heater

Additional Features

  • Washer and Dryer Hookup
  • Wrap Around Porch
  • 7,355 Sq Ft Lot

Listing and Financial Details

  • The owner pays for insurance, real estate taxes, all utilities
  • Tax Lot 1
  • Assessor Parcel Number 1102188635

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,203

Year Built

Built in 1915

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: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Refrigerator, Water Heater
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Daylight, Full, Unfinished
  • Price Per Sq Ft: 103.52

Exterior Features

  • Construction Materials: Combination, Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Slate
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 4
  • Garage: No
  • Parking Features: Assigned, Paved Driveway
  • Type Of Parking: Driveway, Off Street

Utilities

  • Refuse: 88.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Heating Fuel: Oil, Natural Gas
  • Heating Type: Forced Air, Hot Water, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: SPRING RIDGE

Green Features

  • Green Verification: No

Lot Info

  • Improvement Assessed Value: 176400.00
  • Land Assessed Value: 62600.00
  • Lot Size Acres: 0.17
  • Lot Size Area: 7355
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7355.00
  • Outdoor Living Structures: Wrap Around, Porch(es)
  • Property Attached Yn: No
  • Zoning: DR
  • In City Limits: Yes

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Insurance, Taxes - Real Estate, All Utilities
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11512921
  • Tax Annual Amount: 4203.13
  • Assessor Parcel Number: 1102188635
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

Multi Family

  • Gross Income: 21600.00
  • Metering: Electric Separate, Gas Separate
  • Operating Expense: 6000.00
  • Vacancy Allowance Rate: 50.00

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2023
Sold by
Wells House Inc
Bought by
Wells Recovery Inc
Current Estimated Value
$521,114

Purchase Details

Listed on
Aug 5, 2017
Closed on
Nov 14, 2017
Sold by
Winppigler Charles E and Winppigler Hubert Lee
Bought by
Wells House Inc
Seller's Agent
Rich Ropp
Real Estate Teams, LLC
Buyer's Agent
Rich Ropp
Real Estate Teams, LLC
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.60%
Original Mortgage
$184,000
Interest Rate
3.88%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wells Recovery Inc -- None Listed On Document
Wells House Inc $230,000 Rgs Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wells House Inc $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2017 11/14/17 Sold $230,000 -8.0% $95 / Sq Ft
09/23/2017 09/23/17 Pending -- -- --
08/05/2017 08/05/17 For Sale $250,000 -- $104 / 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 $88 $360,800 $106,700 $254,100
2024 $88 $351,100 $0 $0
2023 $88 $341,400 $0 $0
2022 $88 $331,700 $70,700 $261,000
2021 $88 $300,800 $0 $0
2020 $88 $269,900 $0 $0
2019 $88 $239,000 $62,600 $176,400
2018 $4,305 $236,400 $0 $0
2017 $4,216 $239,000 $0 $0
2016 $4,241 $231,200 $0 $0
2015 $4,241 $230,667 $0 $0
2014 $4,241 $230,133 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rich Ropp

    Seller's Agent in 2017

    Rich Ropp

    Real Estate Teams, LLC

    (301) 748-1757

    2 in this area

    98 Total Sales

    Rich Ropp
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Map

Source: Bright MLS

MLS Number: 1000103395

Bright MLS

APN: 02-188635

Maryland Frederick County Frederick 21701 East Frederick

700 E Patrick St, Frederick, MD

Not Listed for Sale

MultiFamily

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