NOT LISTED FOR SALE

9829 Old Solomons Island Rd Owings, MD 20736

Estimated Value: $870,836

-- Bed
-- Bath
6,590 Sq Ft
$132/Sq Ft Est. Value

Last Sold December 15, 2022

Last sale price $790,000 $120 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,989/month

22 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Property is in very good condition
  • Windy Hill Elementary School Rated A-
  • Central Air
  • Heat Pump System

About This Home

As of December 2022

Fully rented income producing 4 Unit multi-family property in an excellent location just off of Rt. 260 in Owings. Main floor is a Commercial tenant. The property is in the Owings Town Center "Edge District". Units have upgraded finishes, vinyl siding, HVAC & an architectural shingle roof. Plenty of on-site parking both in-front & in the rear private parking lot. Seller also has 2 other multi-family properties listed (Owings, Chesapeake Beach). Do not disturb the tenants. Please contact listing agent to arrange showings or with questions.

Last Agent to Sell the Property

Chris Underwood

(301) 821-7900 cunderwood32@yahoo.com Curtis Real Estate Company Listed on: 10/15/2022

Co-Listed By

Rene Livesay

(443) 223-1317 rlgeist@hotmail.com Curtis Real Estate Company License #624221

Last Buyer's Agent

sonney pickens

(410) 610-7449 sonneypickens.obrien@gmail.com O'Brien Realty ERA Powered

O'Brien Realty ERA Powered

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,587

Year Built

  • Built in 1910 | Remodeled in 2019

Lot Details

  • 9,273 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Colonial Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 6,590 Sq Ft Home
  • Crawl Space

Flooring

  • Wood
  • Tile or Brick
  • Luxury Vinyl Plank Tile

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces
  • Gravel Driveway
  • Parking Lot
  • Off-Street Parking
  • 7 Assigned Parking Spaces

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Sewer Holding Tank

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0503017044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,587

Year Built

Built in 1910 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Year Renovated: 2019
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood, Luxury Vinyl Plank, Tile/Brick
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 6590
  • Living Area Sq Ft: 6590
  • Price Per Sq Ft: 128.98
  • Above Grade Finished Sq Ft: 6590
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 7
  • Garage: No
  • Parking Features: Asphalt Driveway, Gravel Driveway, Assigned
  • Total Garage And Parking Spaces: 14
  • Type Of Parking: Parking Lot, Off Street
  • Parking Lot Number Of Spaces: 14

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Holding Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 284300.00
  • Land Assessed Value: 136900.00
  • Lot Size Acres: 0.21
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9273.00
  • Property Condition: Very Good
  • Zoning: TC
  • Zoning Description: Owings Town Center "Edge District"
  • In City Limits: No

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Total Actual Rent: 82740.00
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

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

Tax Info

  • Assessor Parcel Number: 14963036
  • Tax Annual Amount: 4587.26
  • Assessor Parcel Number: 0503017044
  • Tax Data Updated: No
  • Tax Year: 2022

MLS Schools

  • School District Name: CALVERT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2023
Sold by
Gallagher Andrew
Bought by
Truproperty Investments Llc
Current Estimated Value
$870,836

Purchase Details

Listed on
Oct 15, 2022
Closed on
Dec 15, 2022
Sold by
Underwood Group Llc
Bought by
Gallagher Andrew
Seller's Agent
Chris Underwood
Curtis Real Estate Company
Buyer's Agent
sonney pickens
O'Brien Realty ERA Powered
List Price
$850,000
Sold Price
$790,000
Premium/Discount to List
-$60,000
-7.06%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%
Original Mortgage
$612,250
Interest Rate
6.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 27, 2018
Sold by
American Property Investments Llc
Bought by
The Underwood Group Llc

Purchase Details

Closed on
Mar 31, 2003
Sold by
Krick Plumbing & Heating Co Inc
Bought by
American Property Investments Llc
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
Truproperty Investments Llc -- First Equity Title
Gallagher Andrew $790,000 First Equity Title
The Underwood Group Llc $111,000 Ultimate Title Llc
American Property Investments Llc $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallagher Andrew $612,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2022 12/15/22 Sold $790,000 -7.1% $120 / Sq Ft
11/06/2022 11/06/22 Pending -- -- --
10/15/2022 10/15/22 For Sale $850,000 -- $129 / 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 $4,850 $433,400 $136,900 $296,500
2024 $4,850 $429,333 $0 $0
2023 $4,633 $425,267 $0 $0
2022 $4,587 $421,200 $136,900 $284,300
2021 $9,175 $415,967 $0 $0
2020 $4,493 $410,733 $0 $0
2019 $2,798 $266,700 $136,900 $129,800
2018 $2,507 $239,000 $0 $0
2017 $1,954 $211,300 $0 $0
2016 -- $183,600 $0 $0
2015 $1,654 $177,300 $0 $0
2014 $1,654 $171,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDCA2008818

Bright MLS

APN: 03-017044