1121 Colora Rd

Colora, MD 21917

$275,000
Last Sold Price
9
Beds
4
Baths
4,070 Sq. Ft.
$68 / Sq. Ft.
4,070
Sq. Ft.
$68
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 5/18/22
Closed 5/18/22

Description

Motivated Seller offers this unique triplex in Colora Maryland is one of a kind. With a cap rate of 12% and current monthly rents being $3,440 with the potential to increase that to $4,010 this property is any investor's dream. Apt. 101 - Right unit, is two stories and roughly about 1,500 square feet. This apartment has 3 bedrooms, a spacious living room, family room, an enclosed porch, 2 full newly renovated bathrooms, and a renovated kitchen. New laminate flooring throughout. New central air. And...Motivated Seller offers this unique triplex in Colora Maryland is one of a kind. With a cap rate of 12% and current monthly rents being $3,440 with the potential to increase that to $4,010 this property is any investor's dream. Apt. 101 - Right unit, is two stories and roughly about 1,500 square feet. This apartment has 3 bedrooms, a spacious living room, family room, an enclosed porch, 2 full newly renovated bathrooms, and a renovated kitchen. New laminate flooring throughout. New central air. And a laundry room with a stackable washer and dryer. Current tenants have been here for over 2 years and they're paying $1,380 a month. Apt. 102 - Left unit, is two stories and roughly about 1,500 square feet. This apartment has 3 bedrooms and 1.5 bathrooms. New laminate flooring throughout, and access to the side yard. This unit has baseboard heating and the tenants supply window units. And a laundry room with a washer and dryer. Current tenant has been in place for a few months and pays $1,380 a month. Apt. 103 - Entire 3rd floor with private access from the back of the house is roughly about 1,150 square feet. This 3 bedroom and 1 bathroom apartment needs a complete renovation. Current tenants have lived there for 4+ years and pay $680 a month. They will be vacating April 1st. The potential rent is around $1,250 per month. Owner pays $390 per month to pump the holding tanks, and currently $150 per month for Trash. The new Buyer can easily make any new tenants pay for their own trash to avoid that monthly expense. House is on well water AND taxes are only $1,701!
  1. Listed by Michael L. McGavisk • Keller Williams Real Estate - Newark
    P: (302)-838-7229 mike@yourroadhome.com

Property Details for 1121 Colora Road

Tax ID Number
0806017924
Ownership
Fee Simple
Structure Type
Detached
Style
Farmhouse/National Folk
Waterfront
No
Garage
No
Expected On Market Date
02-15-2022
Subdivision
COLORA
LISTING CLOSED: 05/18/2022 12:00 AM

Property Details for 1121 Colora Road

StatusClosed
MLS #MDCC2003446
Days on Market32
Taxes$1,701 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1870
Lot Size0.31 AC / 13,503 SF
CountyCecil County
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Location

Listing Courtesy of Keller Williams Real Estate - Newark

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Building Information for 1121 Colora Road

Stories-Residences3Year Built1870Building Size-Lot Size0.31 AC / 13,503 SF

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$1,540 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,398

Property Taxes

$142

HOA Dues

$0

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Property Information for 1121 Colora Road

Location
Location
  • In City Limits: No
  • School District Name: CECIL COUNTY PUBLIC SCHOOLS
  • School District County ID: 121139799812
  • SchoolDistrictSource: Listing Agent
  • Elementary School: BAINBRIDGE (CECIL MD)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: PERRYVILLE (CECIL MD)
  • MiddleSchoolSource: Listing Agent
  • High School: PERRYVILLE (CECIL MD)
  • County: CECIL
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Elevator Use Fee: $0
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $143,933
  • Year Assessed: 2021
  • County Tax: $1,641
  • Improvement Assessed Value: $84,800
  • City Town Tax: $0
  • Land Assessed Value: $47,600
  • Clean Green Assessed: No
  • Land Use Code: R
  • Refuse Fee: $0
  • Agricultural District: No
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: VR
  • School Tax: $0
  • Tax Page Number: 00338
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 2
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: None
  • Number Of Units Vacant: 0
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 3
  • Half Baths Count: 0
  • Full Baths Count: 2
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 3
  • Half Baths Count: 1
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 3
  • Full Baths Count: 1
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Soil Types: Rocky, TopSoilOvrOt
  • Parcel ID: 4471654
Parking
Parking
  • Type Of Parking: Driveway, Off Street, On Street
Interior Features
Interior Features
  • Accessibility Features: 2+ Access Exits, Level Entry - Main
  • Security Features: Non-Monitored
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Stone Retaining Walls
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Well
  • Sewer Septic: Holding Tank
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: New Castle County Board of REALTORS

Property History for 1121 Colora Road

DateEvent & SourcePriceAppreciation
May 18, 2022

Closed (Public Record)

Public Record #1490440814

$275,000

+55.7% / yr

May 18, 2022

Closed

BRIGHT #MDCC2003446

$275,000—
Mar 11, 2022

Pending

BRIGHT #MDCC2003446

—
DateEvent & SourcePrice
05/18/2022

Closed (Public Record)

Public Record #1490440814

$275,000

+55.7% / yr

05/18/2022

Closed

BRIGHT #MDCC2003446

$275,000
03/11/2022

Pending

BRIGHT #MDCC2003446

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1121 Colora Road

Taxable ValueLand$41,600Additions$210,200Total$251,800
Tax Record2025$2,816 ($235 / month)
Home Facts
Beds0Baths4Total Finished SqFt4,070 SqFtAbove Grade Finished SqFt4,070 SqFtStories3Lot Size13,503 SqFtStyleSingle Family ResidenceYear Built1870ZoningVRCountyCECILAPN06-017924Fireplace TypeHas Fireplace

Schools near 1121 Colora Road

This home is within Cecil County Public Schools.
Rating
School
Type
Grades
Distance
Bainbridge Elementary School
Public - PK to 5
Perryville Middle School
Public - 6 to 8
Perryville High School
Public - 9 to 12
Perryville Elementary School
Public - PK to 5
Rating
School
Distance
Bainbridge Elementary School
PublicPK to 5

Perryville Middle School
Public6 to 8

Perryville High School
Public9 to 12

Perryville Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Real Estate - Newark

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.