NOT LISTED FOR SALE

Estimated Value: $511,000 - $622,000

-- Bed
2 Baths
1,920 Sq Ft
$295/Sq Ft Est. Value

Last Sold March 24, 2021

Last sale price $450,000 $234 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,481/month

5 Days on Market

Highlights

  • Colonial Architecture
  • 5-minute walk to Frederick
  • Eat-In Kitchen
  • Spring Ridge Elementary School Rated A-
  • No HOA
  • 3-minute walk to Carroll Creek Linear Park

About This Home

As of March 2021

Fantastic opportunity to own a two unit apartment building in downtown Frederick! Both units have been remodeled with fresh paint, new flooring, completely new kitchens and all new appliances and HVAC! Both units are leased with well qualified tenants. Look at how beautiful these remodels are!

Last Agent to Sell the Property

Gail Mann

(301) 471-5221 gail.mann@gmail.com Radcliffe Realty Group, LLC Listed on: 02/12/2021

Last Buyer's Agent

Robert Krop

(202) 999-5000 rob@robkropteam.com Keller Williams Realty Centre License #0225254789

Keller Williams Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,989

Year Built

  • Built in 1890 | Remodeled in 2020

Lot Details

  • 928 Sq Ft Lot
  • Downtown Location
  • Historic Home
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Rubber Roof
  • Metal Roof

Interior Spaces

  • 1,920 Sq Ft Home
  • Ceiling Fan
  • Basement

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher

Flooring

  • Partially Carpeted
  • Laminate

Laundry

  • Dryer
  • Washer

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • The owner pays for repairs, snow removal, real estate taxes, water, insurance
  • Assessor Parcel Number 1102080079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,989

Year Built

Built in 1890 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: Yes
  • New Construction: No
  • Year Built: 1890
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Oven/Range - Electric, Dishwasher, Built-In Microwave, Washer, Dryer
  • Flooring Type: Laminated, Partially Carpeted
  • Interior Amenities: Ceiling Fan(s), Kitchen - Table Space
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Basement: Yes
  • Total Sq Ft: 1920
  • Living Area Sq Ft: 1920
  • Price Per Sq Ft: 221.35
  • Above Grade Finished Sq Ft: 1920
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Roof: Metal, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 88.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 152500.00
  • Land Assessed Value: 110000.00
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 928.00
  • Property Condition: Excellent
  • Zoning: DR
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Repairs, Snow Removal, Taxes - Real Estate, Water, Insurance
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11499793
  • Tax Annual Amount: 3989.00
  • Assessor Parcel Number: 1102080079
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Gross Income: 36600.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
Mar 29, 2021
Sold by
Longs Corner Partnership
Bought by
Cloonan Clifford Cameron and Cloonan Okcha
Seller's Agent
Gail Mann
Radcliffe Realty Group, LLC
Buyer's Agent
Robert Krop
Keller Williams Realty Centre
List Price
$425,000
Sold Price
$450,000
Premium/Discount to List
$25,000
5.88%
Current Estimated Value
$566,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,451
Avg. Annual Appreciation
4.94%
Original Mortgage
$150,000
Outstanding Balance
$135,432
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$431,019

Purchase Details

Closed on
Jul 5, 1988
Sold by
R/A Investments
Bought by
Long'S Corner Part

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
10.39%

Purchase Details

Closed on
Mar 2, 1987
Sold by
Long Charles C
Bought by
R/A Investments
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Cloonan Clifford Cameron $450,000 None Available
Long'S Corner Part $60,100 --
R/A Investments $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cloonan Clifford Cameron $150,000
Previous Owner Long'S Corner Part $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2021 03/24/21 Sold $450,000 0.0% $234 / Sq Ft
02/20/2021 02/20/21 Rented $1,550 0.0% --
02/17/2021 02/17/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $425,000 0.0% $221 / Sq Ft
02/02/2021 02/02/21 For Rent $1,550 0.0% --
01/31/2021 01/31/21 Off Market $1,550 -- --
11/20/2020 11/20/20 For Rent $1,550 -- --
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 $6,158 $358,300 $115,000 $243,300
2024 $6,158 $326,367 $0 $0
2023 $5,419 $294,433 $0 $0
2022 $4,746 $262,500 $110,000 $152,500
2021 $4,360 $240,500 $0 $0
2020 $3,990 $218,500 $0 $0
2019 $3,562 $196,500 $59,000 $137,500
2018 $3,342 $187,333 $0 $0
2017 $3,068 $196,500 $0 $0
2016 $3,136 $169,000 $0 $0
2015 $3,136 $168,833 $0 $0
2014 $3,136 $168,667 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR277768

Bright MLS

APN: 02-080079