$115,000
SOLD OCT 31, 2012

903 7th St Laurel, MD 20707

-- Bed
-- Bath
1,512 Sq Ft
4,883 Sq Ft Lot

Recently Sold

$76 Per Sq Ft

39% Below List Price

267 Days on Market

Highlights

  • No HOA
  • Shed
  • Property is in very good condition
  • Cul-De-Sac
  • Forced Air Heating System
  • Walk-Up Access

About This Home

As of September 2017

2 Unit Property , Metered Separately, Month-to-Month Tenants Main Level unit has basement w/exit. Unit 903 is main level apt & has side entrance & Unit 901is upper level apt & has front entrance. Each Unit has BR, Full Bath, Kitchen, Dining Rm & Living Rm. Large shed for storage. Cul-de-sac location. Great investment opportunity.

Last Agent to Sell the Property

Stacey Szwedo

RE/MAX Leading Edge License #311844 Listed on: 12/12/2011

RE/MAX Leading Edge

Last Buyer's Agent

Sarah Paplauckas

Maryland Real Estate Network License #574843

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 4,883 Sq Ft Lot
  • Cul-De-Sac
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Improved Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Connecting Stairway
  • Rear Basement Entry

Outdoor Features

  • Shed

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Well
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, insurance, repairs, real estate taxes
  • Tax Lot 15
  • Assessor Parcel Number 17101086735

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Fairlawn Subdivision

Building Details

  • Operating Expense $5,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1951
  • Remarks Public: 2 Unit Property , Metered Separately, Month-to-Month Tenants Main Level unit has basement w/exit. Unit 903 is main level apt & has side entrance & Unit 901is upper level apt & has front entrance. Each Unit has BR, Full Bath, Kitchen, Dining Rm & Living Rm. Large shed for storage. Cul-de-sac location. Great investment opportunity.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Connecting Stairway, Rear Entrance, Full, Heated, Improved, Walkout Stairs
  • Price Per Sq Ft: 109.13
  • Street Number Modifier: 903

Exterior Features

  • Other Structures List: Shed
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • 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

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

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Improvement Assessed Value: 139300.00
  • Land Assessed Value: 75000.00
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.11
  • Lot Size Area: 4883
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4883.00
  • Possible Use: Residential
  • Property Condition: Below Average, Very Good
  • Year Assessed: 2011
  • Zoning: R18
  • In City Limits: Yes

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Advertising/Licenses And Permits, Insurance, Repairs, Taxes - Real Estate
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14550455
  • Tax Annual Amount: 3720.55
  • Assessor Parcel Number: 17101086735
  • Tax Lot: 15
  • Tax Page Number: 501
  • Tax Total Finished Sq Ft: 1512
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011
  • Close Date: 10/31/2012

Multi Family

  • Gross Income: 14400.00
  • Metering: Fully Separate
  • Operating Expense: 5000.00
  • Vacancy Allowance Rate: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2017
Closed on
Sep 28, 2017
Sold by
Shaheen Robina and Chaudhry Robina Shaheen
Bought by
Murray David H
Seller's Agent
Patty Smallwood
Maryland Real Estate Network
Buyer's Agent
Jason Lallis
RLAH @properties
List Price
$289,000
Sold Price
$290,000
Premium/Discount to List
$1,000
0.35%
Current Estimated Value
$403,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,960
Avg. Annual Appreciation
4.60%
Original Mortgage
$280,321
Outstanding Balance
$236,519
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$176,357

Purchase Details

Listed on
Dec 12, 2011
Closed on
Oct 31, 2012
Sold by
Riffle Andrew C
Bought by
Shaheen Robina C
Seller's Agent
Stacey Szwedo
RE/MAX Leading Edge
Buyer's Agent
Sarah Paplauckas
Maryland Real Estate Network
List Price
$189,900
Sold Price
$115,000
Premium/Discount to List
-$74,900
-39.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.73%
Original Mortgage
$86,250
Interest Rate
3.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 1987
Sold by
Fischer Ida M
Bought by
Riffle Robert C
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $290,000 Monarch Title Inc
Deed $115,000 Title Rite Services Inc
Deed $76,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,321 FHA
Previous Owner $86,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2017 09/28/17 Sold $290,000 0.0% $128 / Sq Ft
08/28/2017 08/28/17 Price Changed $290,000 0.0% $128 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
08/22/2017 08/22/17 Off Market $290,000 -- --
08/12/2017 08/12/17 For Sale $289,000 +151.3% $127 / Sq Ft
10/31/2012 10/31/12 Sold $115,000 -39.4% $76 / Sq Ft
09/04/2012 09/04/12 Pending -- -- --
12/12/2011 12/12/11 For Sale $189,900 -- $126 / 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
2024 $6,769 $365,167 $0 $0
2023 $6,516 $353,533 $0 $0
2022 $6,246 $341,900 $75,000 $266,900
2021 $6,043 $332,900 $0 $0
2020 $5,878 $323,900 $0 $0
2019 $5,726 $314,900 $75,000 $239,900
2018 $4,744 $259,933 $0 $0
2017 $3,765 $204,967 $0 $0
2016 -- $150,000 $0 $0
2015 -- $150,000 $0 $0
2014 $3,005 $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004653984

Bright MLS

APN: 10-1086735