NOT LISTED FOR SALE

701 Montgomery Ave Cumberland, MD 21502

Estimated Value: $143,000 - $194,000

-- Bed
2 Baths
2,520 Sq Ft
$67/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $168,000 $67 Per Sq Ft

Current estimated payment $970/month

50 Days on Market

Highlights

  • Traditional Architecture
  • Attic
  • Ceiling Fan
  • Wood Flooring
  • Corner Lot
  • Replacement Windows

About This Home

As of January 2024

Nice income potential!! Desirable Johnson Heights area .. 701 Montgomery Ave has been nicely remodeled! The kitchen is stunning with beautiful cabinets and new stainless-steel appliances. This is the perfect place to call home all while collecting rent and having peace of mind with a roof that is less than 10 years old, replacement windows, new 200-amp service, new plumbing, new carpeting, and flooring throughout. Bonus features are a floored attic that is roughed for a full bath and ready to be your office suite or playroom and a full walkout basement.
600 St Mary’s has a similar floorplan and is currently rented month to month. Lead certs on file. Whether you’re a seasoned investor or just starting your portfolio, this one is a must buy.

Last Agent to Sell the Property

Heather Imes

(304) 813-0266 heather.imes@lnf.com The KW Collective License #528931 Listed on: 09/14/2023

The KW Collective

Last Buyer's Agent

Rosalind Morris

(814) 494-4000 rozziemorris@hotmail.com Ability Real Estate Service License #308936

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,385

Year Built

  • Built in 1930

Lot Details

  • 5,608 Sq Ft Lot
  • Corner Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • Ceiling Fan
  • Replacement Windows
  • Stove
  • Attic

Flooring

  • Wood
  • Carpet
  • Rough-In

Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Exterior Basement Entry

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Radiator
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, real estate taxes
  • Assessor Parcel Number 0104035143

Community Details

Overview

  • 2 Units
  • 3-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,385

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 2023-09-15
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Stove, Refrigerator
  • Flooring Type: Hardwood, Carpet, Rough-In
  • Interior Amenities: Attic
  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Walkout Level
  • Total Sq Ft: 3780
  • Living Area Sq Ft: 2520
  • Price Per Sq Ft: 71.39
  • Above Grade Finished Sq Ft: 2520
  • Below Grade Sq Ft: 1260
  • Total Below Grade Sq Ft: 1260
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 701

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Road Surface Type: Black Top
  • Spa: No
  • View: Street
  • 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, Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: ALLEGANY COUNTY PUBLIC SCHOOLS
  • Elementary School: CALL SCHOOL BOARD
  • Middle School: CALL SCHOOL BOARD
  • High School: CALL SCHOOL BOARD
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140562208
  • School District Source: Listing Agent
  • Elementary School: CALL SCHOOL BOARD
  • High School: CALL SCHOOL BOARD
  • Middle Or Junior School: CALL SCHOOL BOARD

Lot Info

  • Land Use Code: R
  • Lot Features: Corner
  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5608.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: R
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Insurance, Taxes - Real Estate
  • Rent Control: No
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1385.00
  • Assessor Parcel Number: 0104035143
  • Tax Total Finished Sq Ft: 2520
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 01/08/2024

Multi Family

  • Number Of Units Vacant: 1
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Jan 8, 2024
Sold by
Bishop Diana L and Bishop Jeffrey L
Bought by
Nguyen Vicky
Seller's Agent
Heather Imes
The KW Collective
Buyer's Agent
Rosalind Morris
Ability Real Estate Service
List Price
$189,900
Sold Price
$168,000
Premium/Discount to List
-$21,900
-11.53%
Views
111
Current Estimated Value
$168,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320
Avg. Annual Appreciation
0.11%
Original Mortgage
$126,000
Outstanding Balance
$123,650
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$44,670

Purchase Details

Closed on
Jan 28, 2005
Sold by
Christiansen Ralph E
Bought by
Bishop Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,300
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Nguyen Vicky $168,000 None Listed On Document
Nguyen Vicky $168,000 None Listed On Document
Bishop Diana $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Vicky $126,000
Closed Nguyen Vicky $126,000
Previous Owner Bishop Diana $69,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2024 01/08/24 Sold $168,000 -6.6% $67 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
11/01/2023 11/01/23 Price Changed $179,900 -5.3% $71 / Sq Ft
10/02/2023 10/02/23 For Sale $189,900 -- $75 / 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 $1,040 $113,433 $0 $0
2024 $858 $91,567 $0 $0
2023 $648 $69,700 $11,200 $58,500
2022 $647 $69,700 $11,200 $58,500
2021 $652 $69,700 $11,200 $58,500
2020 $753 $81,100 $9,800 $71,300
2019 $758 $81,100 $9,800 $71,300
2018 $771 $81,100 $9,800 $71,300
2017 $788 $83,400 $0 $0
2016 $799 $83,400 $0 $0
2015 $813 $83,400 $0 $0
2014 $813 $84,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Imes

    Seller's Agent in 2024

    Heather Imes

    The KW Collective

    (304) 813-0266

    33 Total Sales

    Heather Imes
    Section Image
  • Rosalind Morris

    Buyer's Agent in 2024

    Rosalind Morris

    Ability Real Estate Service

    (814) 494-4000

    83 Total Sales

    Rosalind Morris
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDAL2006942

Bright MLS

APN: 04-035143

Maryland Allegany County Cumberland 21502

701 Montgomery Ave, Cumberland, MD

This home is located at 701 Montgomery Ave, Cumberland, MD 21502 since 14 September 2023 and is currently estimated at $168,320, approximately $66 per square foot. This property was built in 1930. 701 Montgomery Ave is a home located in Allegany County with nearby schools including John Humbird Elementary School, Washington Middle School, and Fort Hill High School.

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