NOT LISTED FOR SALE

724 Potomac Ave Hagerstown, MD 21740

Central Neighborhood

Estimated Value: $271,476

-- Bed
1 Bath
2,500 Sq Ft
$109/Sq Ft Est. Value

Last Sold November 09, 2023

Last sale price $250,000 $100 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,606/month

62 Days on Market

Highlights

  • Central Air
  • North Hagerstown High School Rated A-
  • Heat Pump System

About This Home

As of November 2023

Two unit in north end of Hagerstown, excellent condition. Large rear parking lot for offstreet parking, fully rented. Excellent tenants. 8% cap rate. Monthly Rent is $2,625. Call Alice for details.

Last Agent to Sell the Property

Alice Guy

(717) 977-9031 Aguy@cbimove.com Real Estate Innovations License #80505 Listed on: 08/12/2023

Real Estate Innovations

Last Buyer's Agent

Bret Merson

(240) 405-8442 bret@thebretmersonteam.com Keller Williams Realty Centre

Keller Williams Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,511

Year Built

  • Built in 1908

Lot Details

  • 10,400 Sq Ft Lot

Home Design

  • 2,500 Sq Ft Home
  • Duplex
  • Vinyl Siding

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Lot

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Income includes apartment rentals, professional offices
  • Insurance Expense $1,000

Listing and Financial Details

  • Assessor Parcel Number 2222000047

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,511

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1908
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Other
  • Total Sq Ft: 2500
  • Living Area Sq Ft: 2500
  • Price Per Sq Ft: 111.96
  • Above Grade Finished Sq Ft: 2500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 724-726

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl 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: 6
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: WASHINGTON COUNTY PUBLIC SCHOOLS
  • School District Key: 121138761341
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: C
  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10400.00
  • Year Assessed: 2023
  • Zoning: CG
  • In City Limits: No

Rental Info

  • Existing Lease Type: Yearly
  • Total Actual Rent: 31500.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3511.00
  • Assessor Parcel Number: 2222000047
  • Tax Total Finished Sq Ft: 2500
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/09/2023

Multi Family

  • Income Includes: Apartment Rentals, Professional Offices
  • Single Room Units Count: 1

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2023
Closed on
Nov 9, 2023
Sold by
339 Antietam Llc
Bought by
Ground-Up Rental Properties Llc
Seller's Agent
Alice Guy
Real Estate Innovations
Buyer's Agent
Bret Merson
Keller Williams Realty Centre
List Price
$294,900
Sold Price
$250,000
Premium/Discount to List
-$44,900
-15.23%
Views
120
Current Estimated Value
$271,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,476
Avg. Annual Appreciation
4.58%

Purchase Details

Closed on
Sep 7, 2022
Sold by
Advertising Inc
Bought by
339 Antietam Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ground-Up Rental Properties Llc $250,000 Equity National Title
Ground-Up Rental Properties Llc $250,000 Equity National Title
339 Antietam Llc $250,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Sold $250,000 -10.7% $100 / Sq Ft
10/03/2023 10/03/23 Price Changed $279,900 -5.1% $112 / Sq Ft
08/12/2023 08/12/23 For Sale $294,900 -- $118 / 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 $2,061 $249,300 $65,400 $183,900
2024 $2,061 $226,200 $0 $0
2023 $1,850 $203,100 $0 $0
2022 $1,640 $180,000 $65,400 $114,600
2021 $1,804 $180,000 $65,400 $114,600
2020 $1,676 $180,000 $65,400 $114,600
2019 $1,777 $190,100 $65,400 $124,700
2018 $1,905 $190,100 $65,400 $124,700
2017 $1,800 $190,100 $0 $0
2016 -- $192,500 $0 $0
2015 $3,826 $187,067 $0 $0
2014 $3,826 $181,633 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alice Guy

    Seller's Agent in 2023

    Alice Guy

    Real Estate Innovations

    (717) 977-9031

    13 in this area

    203 Total Sales

    Alice Guy
    Section Image
  • Bret Merson

    Buyer's Agent in 2023

    Bret Merson

    Keller Williams Realty Centre

    (240) 405-8442

    2 in this area

    183 Total Sales

    Bret Merson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWA2016934

Bright MLS

APN: 22-000047

Maryland Washington County Hagerstown 21740 Central

724 Potomac Ave, Hagerstown, MD

This home is located at 724 Potomac Ave, Hagerstown, MD 21740 since 12 August 2023 and is currently estimated at $271,476, approximately $108 per square foot. This property was built in 1908. 724 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes