NOT LISTED FOR SALE

8 Frederick Ave Frederick, MD 21701

Selwyn Farms Neighborhood

Estimated Value: $447,000 - $543,000

Studio
3 Baths
1,494 Sq Ft
$319/Sq Ft Est. Value

Last Sold April 13, 2017

Last sale price $264,900 $177 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,955/month

211 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • Porch
  • North Frederick Elementary School Rated A-
  • 1 Car Detached Garage
  • 5-minute walk to Staley Park

About This Home

As of April 2017

Rare 3 UNIT MULTI-FAMILY Single Family home in the North End of Downtown Frederick. Main level currently leased for $1,200 a month, upper and lower units are recently vacant. Live in one unit and rent the others or lease them all out for around $2,600 total. Close to YMCA, Wegmans, Shopping, Dining, and all that Downtown Frederick has to offer.

Last Agent to Sell the Property

Aaron Marsh

(240) 674-3227 amarsh@vt.edu Marsh Realty License #533267 Listed on: 07/06/2016

Last Buyer's Agent

Aaron Marsh

(240) 674-3227 amarsh@vt.edu Marsh Realty License #533267 Listed on: 07/06/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,878

Year Built

  • Built in 1940

Lot Details

  • 5,625 Sq Ft Lot
  • Property is in very good condition

Parking

  • 1 Car Detached Garage
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Built-In Features
  • Crown Molding
  • 1 Fireplace
  • Window Treatments
  • Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Finished Basement

  • Heated Basement
  • Rear Basement Entry

Outdoor Features

  • Patio
  • Porch

Schools

  • North Frederick Elementary School
  • Governor Thomas Johnson Middle School
  • Governor Thomas Johnson High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 1102032562

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Downtown Frederick Subdivision

Building Details

  • Operating Expense $6,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,878

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Expected On Market: 2016-07-06
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator
  • Interior Amenities: Built-Ins, Crown Moldings, Window Treatments
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Fully Finished, Heated, Improved
  • Price Per Sq Ft: 177.31

Exterior Features

  • Construction Materials: Vinyl Siding
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Garage
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Driveway, On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: NORTH FREDERICK
  • High School: GOVERNOR THOMAS JOHNSON
  • Middle Or Junior School: GOVERNOR THOMAS JOHNSON

Lot Info

  • Improvement Assessed Value: 136000.00
  • Land Assessed Value: 83000.00
  • Lot Size Acres: 0.13
  • Lot Size Area: 5625
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5625.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Zoning: R6
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11499515
  • Tax Annual Amount: 3877.67
  • Assessor Parcel Number: 1102032562
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

Multi Family

  • Gross Income: 31200.00
  • Metering: Electric Separate
  • Operating Expense: 6150.00
  • Vacancy Allowance Rate: 66.00

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2016
Closed on
Apr 13, 2017
Sold by
Mckinley Kristen D
Bought by
Tobin Gregory and Tobin Elizabeth
Seller's Agent
Aaron Marsh
Marsh Realty
Buyer's Agent
Aaron Marsh
Marsh Realty
List Price
$269,900
Sold Price
$264,900
Premium/Discount to List
-$5,000
-1.85%
Current Estimated Value
$477,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,409
Avg. Annual Appreciation
6.98%
Original Mortgage
$211,920
Outstanding Balance
$176,349
Interest Rate
4.21%
Mortgage Type
New Conventional
Estimated Equity
$300,960

Purchase Details

Closed on
Apr 3, 2007
Sold by
Clingan Pauline V
Bought by
Mckinley Kristen D

Purchase Details

Closed on
Mar 28, 2007
Sold by
Clingan Pauline V
Bought by
Mckinley Kristen D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tobin Gregory $264,900 None Available
Mckinley Kristen D $326,000 --
Mckinley Kristen D $326,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tobin Gregory $211,920
Closed Mckinley Kristen D --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2017 04/13/17 Sold $264,900 0.0% $177 / Sq Ft
02/10/2017 02/10/17 Pending -- -- --
01/09/2017 01/09/17 Price Changed $264,900 -1.9% $177 / Sq Ft
11/01/2016 11/01/16 For Sale $269,900 +1.9% $181 / Sq Ft
11/01/2016 11/01/16 Off Market $264,900 -- --
10/14/2016 10/14/16 Price Changed $269,900 -0.8% $181 / Sq Ft
08/25/2016 08/25/16 Price Changed $271,980 -2.9% $182 / Sq Ft
07/13/2016 07/13/16 For Sale $279,980 +5.7% $187 / Sq Ft
07/06/2016 07/06/16 Off Market $264,900 -- --
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 $5,511 $313,300 $104,000 $209,300
2024 $5,511 $295,900 $0 $0
2023 $5,048 $278,500 $0 $0
2022 $4,721 $261,100 $90,400 $170,700
2021 $4,526 $249,833 $0 $0
2020 $4,308 $238,567 $0 $0
2019 $4,107 $227,300 $83,000 $144,300
2018 $4,093 $224,533 $0 $0
2017 $4,004 $227,300 $0 $0
2016 $4,046 $219,000 $0 $0
2015 $4,046 $218,933 $0 $0
2014 $4,046 $218,867 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Aaron Marsh

    Seller's Agent in 2017

    Aaron Marsh

    Marsh Realty

    (240) 674-3227

    2 in this area

    88 Total Sales

    Aaron Marsh
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001206003

Bright MLS

APN: 02-032562

Maryland Frederick County Frederick 21701 Selwyn Farms

8 Frederick Ave, Frederick, MD

Not Listed for Sale

MultiFamily

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