NOT LISTED FOR SALE

801 Phillips St Cambridge, MD 21613

Estimated Value: $65,000 - $140,000

4 Beds
1 Bath
816 Sq Ft
$128/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $125,000 $153 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $715/month

16 Days on Market

Highlights

  • Traditional Floor Plan
  • No HOA
  • Electric Baseboard Heater
  • Traditional Architecture
  • Eat-In Kitchen

About This Home

As of May 2024

Investors take notice. 801 Phillips St in Cambridge has the best of both worlds with high rental income and low carrying costs. The house is stories with a one story addition on the back,. There are four bedrooms Upgrading was done to code over the past four years, which includes rear roof (metal), windows, electric baseboard, drywall, kitchen cabinets, wiring, laminated flooring, and salt treated floor joists. The property has lead free paint certification from the MD Dep\t. of Environment, so city registration and MD lead paint program are not necessary. The tenant has resided in the house almost two years. The rent is $1300 per month which is fully paid by Section 8, with a request pending for a $100 increase in June 2024.

Last Agent to Sell the Property

Richard Harrington

Sharon Real Estate P.C. Listed on: 04/07/2024

Last Buyer's Agent

Richard Harrington

Sharon Real Estate P.C. Listed on: 04/07/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $450

Year Built

  • Built in 1928

Lot Details

  • 1,870 Sq Ft Lot
  • Property is zoned R-3

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Asbestos Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 816 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Cambridge Subdivision

Listing and Financial Details

  • Tax Lot 3194
  • Assessor Parcel Number 1007120877

Home Details

Home Type

Single Family

Est. Annual Taxes

$450

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Appliances, Window A/Cs
  • New Construction: No
  • Story List: Main
  • Year Built: 1928
  • Automatically Close On Close Date: No
  • Remarks Public: Investors take notice. 801 Phillips St in Cambridge has the best of both worlds with high rental income and low carrying costs. The house is stories with a one story addition on the back,. There are four bedrooms Upgrading was done to code over the past four years, which includes rear roof (metal), windows, electric baseboard, drywall, kitchen cabinets, wiring, laminated flooring, and salt treated floor joists. The property has lead free paint certification from the MD Dep\t. of Environment, so city registration and MD lead paint program are not necessary. The tenant has resided in the house almost two years. The rent is $1300 per month which is fully paid by Section 8, with a request pending for a $100 increase in June 2024.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Floor Plan - Traditional, Kitchen - Eat-In
  • Fireplace: No
  • Foundation Details: Pillar/Post/Pier
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 816
  • Living Area Sq Ft: 816
  • Price Per Sq Ft: 161.76
  • Above Grade Finished Sq Ft: 816
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 801

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Metal, Asbestos Shingle
  • 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: 2
  • Type Of Parking: Driveway, Off Street, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

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

Schools

  • School District: DORCHESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121139665361
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1870.00
  • Year Assessed: 2023
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 450.00
  • Assessor Parcel Number: 1007120877
  • Tax Lot: 3194
  • Tax Total Finished Sq Ft: 816
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/30/2024

MLS Schools

  • School District Name: DORCHESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2024
Closed on
May 30, 2024
Sold by
Cedar Rentals Llc
Bought by
3Ct Llc
Seller's Agent
Richard Harrington
Sharon Real Estate P.C.
Buyer's Agent
Richard Harrington
Sharon Real Estate P.C.
List Price
$132,000
Sold Price
$125,000
Premium/Discount to List
-$7,000
-5.3%
Views
73
Current Estimated Value
$121,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,489
Avg. Annual Appreciation
-2.75%

Purchase Details

Closed on
Jun 7, 2016
Sold by
Dorchester County Maryland
Bought by
Cedat Rentals Llc

Purchase Details

Closed on
Apr 20, 2016
Sold by
Spears Michael J
Bought by
Dorchester County Maryland

Purchase Details

Closed on
Apr 18, 2008
Sold by
Hughes Elsie Mae
Bought by
Bailey Marshall E And

Purchase Details

Closed on
Apr 16, 2008
Sold by
Hughes Elsie Mae
Bought by
Bailey Marshall E And
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
3Ct Llc $125,000 None Listed On Document
Cedat Rentals Llc $500 Eastern Shore Title Company
Dorchester County Maryland $6,006 None Available
Bailey Marshall E And $45,000 --
Bailey Marshall E And $45,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $125,000 -5.3% $153 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/07/2024 04/07/24 For Sale $132,000 -- $162 / 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 $586 $31,200 $3,700 $27,500
2024 $450 $27,767 $0 $0
2023 $450 $24,333 $0 $0
2022 $386 $20,900 $3,700 $17,200
2021 $394 $20,900 $3,700 $17,200
2020 $394 $20,900 $3,700 $17,200
2019 $418 $21,900 $3,700 $18,200
2018 $407 $21,900 $3,700 $18,200
2017 $407 $21,900 $0 $0
2016 -- $24,900 $0 $0
2015 $506 $24,900 $0 $0
2014 $506 $24,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDDO2006948

Bright MLS

APN: 07-120877