NOT LISTED FOR SALE
Studio
6 Baths
4,688 Sq Ft
0.47 Acre Lot

Sale Details

Date Sold: December 30, 2022

Last sale price $850,000 $181 Per Sq Ft

33 Days on Market

Highlights

  • Colonial Architecture
  • Beach Elementary School Rated A-
  • Electric Baseboard Heater

About This Home

As of December 2022

6 Unit Building! Fully rented income producing 6 Unit Multi-Family property in downtown Chesapeake Beach. Units are all 2BR/1BA (3 different layouts). Units have upgraded finishes, vinyl siding, vinyl windows and the building has on site coin operated laundry units. Building has 2 large parking areas (front & back) for tenants' off-street parking. Views of the Chesapeake Bay from 2nd story units, and within walking distance to the water and boardwalk! Do not disturb the tenants. Please contact listing agent to arrange showings or with questions.

Last Agent to Sell the Property

Chris Underwood

(410) 268-8696 cunderwood32@yahoo.com Curtis Real Estate Company Listed on: 11/07/2022

Co-Listed By

Rene Livesay

(410) 268-8696 rlgeist@hotmail.com Curtis Real Estate Company License #624221

Last Buyer's Agent

Dani Lozano

(410) 224-2200 kelly.thompson@cbmove.com Coldwell Banker Realty License #5005589

Coldwell Banker Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,041

Year Built

  • Built in 1940 | Remodeled in 2020

Lot Details

  • 20,325 Sq Ft Lot

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 4,688 Sq Ft Home
  • Crawl Space

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 0503048748

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,041

Year Built

Built in 1940 | Remodeled in 2020

Lot Details

0.47 Acres

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Crawl Space
  • Total Sq Ft: 4688
  • Living Area Sq Ft: 4688
  • Price Per Sq Ft: 181.31
  • Above Grade Finished Sq Ft: 4688
  • Above Grade Finished Area Units: Square Feet

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
  • Type Of Parking: Off Street, Parking Lot

Utilities

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 165000.00
  • Land Assessed Value: 216700.00
  • Lot Size Acres: 0.47
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20325.00
  • Zoning: R-7.5
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 80280.00
  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14961351
  • Tax Annual Amount: 4040.52
  • Assessor Parcel Number: 0503048748
  • Tax Lot: 1
  • Tax Year: 2022

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: CALVERT COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Dec 30, 2022
Sold by
Bought by
Seller's Agent
Chris Underwood
Curtis Real Estate Company
Buyer's Agent
Dani Lozano
Coldwell Banker Realty
List Price
$850,000
Sold Price
$850,000
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,169
Outstanding Balance
$514,140
Interest Rate
6.58%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Aug 20, 2012
Closed on
Nov 15, 2012
Sold by
Bought by
Seller's Agent
Debbie Buckingham
Samson Properties
Buyer's Agent
Chris Underwood
Curtis Real Estate Company
List Price
$350,000
Sold Price
$270,000
Premium/Discount to List
-$80,000
-22.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.96%

Purchase Details

Closed on
Sep 29, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$850,000 Eagle Title
$270,000 Gateway Title Inc
$256,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $568,169
Previous Owner $1,600,000
Previous Owner $375,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2022 12/30/22 Sold $850,000 0.0% $181 / Sq Ft
12/10/2022 12/10/22 Pending -- -- --
11/07/2022 11/07/22 For Sale $850,000 0.0% $181 / Sq Ft
10/01/2019 10/01/19 Rented $950 0.0% --
09/13/2019 09/13/19 Under Contract -- -- --
08/06/2019 08/06/19 Price Changed $950 -9.5% $0 / Sq Ft
06/23/2019 06/23/19 For Rent $1,050 +10.5% --
10/09/2017 10/09/17 Rented $950 0.0% --
10/09/2017 10/09/17 Under Contract -- -- --
08/31/2017 08/31/17 For Rent $950 0.0% --
11/09/2012 11/09/12 Sold $270,000 -16.9% -- View Prior Sale
09/14/2012 09/14/12 Pending -- -- --
09/04/2012 09/04/12 Price Changed $325,000 -7.1% --
08/20/2012 08/20/12 For Sale $350,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,700 $580,733 $0 $0
2025 $4,700 $436,100 $216,700 $219,400
2024 $4,507 $417,967 $0 $0
2023 $4,001 $399,833 $0 $0
2022 $3,966 $381,700 $216,700 $165,000
2021 $8,081 $375,800 $0 $0
2020 $4,849 $369,900 $0 $0
2019 $3,830 $364,000 $216,700 $147,300
2018 $3,658 $346,033 $0 $0
2017 $3,466 $328,067 $0 $0
2016 -- $310,100 $0 $0
2015 $4,375 $310,100 $0 $0
2014 $4,375 $310,100 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: MDCA2008822

Bright MLS
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