Last Sold Price
4,826 sqft$75/sqft
24241 Colton Point Rd, Clements, MD 20624

Description

Amazing opportunity for an income generating multi-unit property on over 8 acres of land. Live in one and rent the rest or rent all 4 units. This property has it all. Duplex consists of 2 bedroom 1 bath each. 2 single family homes, one 3 bed 1 bath, one 4 bed 1 bath. Rental history with long term tenants. The property needs some work/updating but that is fully reflected in the price point which is WELL below market value. Objective rental income:
2/1: 1k/month
2/1: 1k/month
3/1: 1.3k/month
4/1: 1.5k/month
...Amazing opportunity for an income generating multi-unit property on over 8 acres of land. Live in one and rent the rest or rent all 4 units. This property has it all. Duplex consists of 2 bedroom 1 bath each. 2 single family homes, one 3 bed 1 bath, one 4 bed 1 bath. Rental history with long term tenants. The property needs some work/updating but that is fully reflected in the price point which is WELL below market value. Objective rental income:

2/1: 1k/month
2/1: 1k/month
3/1: 1.3k/month
4/1: 1.5k/month

Total: $4,800/month or $57,600/year.
LISTING CLOSED: 09/16/2022 12:00 AM

  1. Listed by Matthew A Burgan • RE/MAX One
    P: (240) 925-2224 matt@mattburganhomes.com

Property Details for 24241 Colton Point Road

Status
MLS #
MDSM2008394
Days on Market
11
Taxes
$5,960 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Fee Simple
Year Built
1950
Lot Size
8.42 AC / 366,775 SF
Tax ID Number
1904006992
Ownership
Fee Simple
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
08-11-2022
Total Parking Spaces
10
Central Air
Yes
Basement
No
Above Grade Finished SQFT
4,826.00
Above Grade Fin SQFT Source
Assessor
Below Grade Finished SQFT
.00
Below Grade Fin SQFT Source
Assessor
Below Grade Unfinished SQFT
.00
Below Grade Unfin SQFT Source
Assessor
Total Below Grade SQFT
.00
Total Below Grade SQFT Source
Assessor
New Construction
No

Recent comparable sales

Median sold price

$310,000

Avg days on market

58

Sale-to-list ratio

101.1%

Clements, MD

9 comparable properties found

a plant that is in front of a building
1/2
1

$320,000

Sold 03/30/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
35.14
Acres
2

$327,500

Sold 05/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,613
Square Feet
Unavailable
Acres
3

$5,000

Sold 07/17/26

Unavailable
Bedrooms
Unavailable
Bathrooms
5,280
Square Feet
0.22
Acres
4

$235,000

Sold 04/10/26

Unavailable
Bedrooms
1
Bathrooms
816
Square Feet
0.56
Acres
5

$1,340,000

Sold 03/25/26

Unavailable
Bedrooms
2
Bathrooms
2,240
Square Feet
216.85
Acres
6

$580,000

Sold 03/19/26

Unavailable
Bedrooms
2.5
Bathrooms
2,168
Square Feet
3.6
Acres
7

$225,000

Sold 04/27/26

Unavailable
Bedrooms
3
Bathrooms
1,456
Square Feet
3
Acres
$265,000 | 18895 East Sierra View Court, Clements, CA 95227
8

$265,000

Sold 04/25/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2
Acres
a front view of a house with garden
1/36
9

$310,000

Sold 01/16/25

3
Bedrooms
1,302
Square Feet
0.64
Acres

Location

Listing Courtesy of RE/MAX One

Sold By Berkshire Hathaway HomeServices PenFed Realty

Add your commute

Building Information for 24241 Colton Point Road

Stories-Residences4Year Built1950Building Size-Lot Size8.42 AC / 366,775 SF

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$2,327 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,830

Property Taxes

$497

HOA Dues

$0

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Property Information for 24241 Colton Point Road

Location
Location
  • In City Limits: No
  • School District Name: ST. MARY'S COUNTY PUBLIC SCHOOLS
  • School District County ID: 121138839208
  • SchoolDistrictSource: Listing Agent
  • County: SAINT MARYS
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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $582,700
  • Year Assessed: 2022
  • County Tax: $5,347
  • Improvement Assessed Value: $287,200
  • Land Assessed Value: $346,700
  • Clean Green Assessed: No
  • Land Use Code: R
  • Zoning: RPD
  • School Tax: $0
  • 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: 2
  • Three Bedroom Units Count: 1
  • Units Furnished: All
  • Units Leased Count: 4
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 4,826.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 14991774
Parking
Parking
  • Type Of Parking: Driveway
  • Driveway - # of Spaces: 10
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: No Stairs
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Ceiling Fan(s), Central A/C, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Central, Heat Pump(s)
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Well
  • Sewer Septic: Septic Exists
Confidential Data
Listing Office
  • List Agent AOR: Southern Maryland Association of REALTORS

Property History for 24241 Colton Point Road

DateEvent & SourcePriceAppreciation
Sep 16, 2022

Closed (Public Record)

Public Record #1500088052

$360,000

+4.1% / yr

Sep 16, 2022

Closed

BRIGHT #MDSM2008394

$360,000
Aug 28, 2022

Pending

BRIGHT #MDSM2008394

DateEvent & SourcePrice
09/16/2022

Closed (Public Record)

Public Record #1500088052

$360,000

+4.1% / yr

09/16/2022

Closed

BRIGHT #MDSM2008394

$360,000
08/28/2022

Pending

BRIGHT #MDSM2008394

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

Public Records for 24241 Colton Point Road

Taxable ValueLand-Additions-Total-
Tax Record2025$8,323 ($694 / month)
Home Facts
Baths1Total Finished SqFt1,500 SqFtAbove Grade Finished SqFt1,500 SqFtStories1Lot Size366,775 SqFtStyleMiscellaneous CommercialYear Built1950Year Renovated1950ZoningRPDCountyST. MARY'SAPN04-006992

Schools near 24241 Colton Point Road

This home is within St. Mary's County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Benjamin Banneker Elementary School
PublicPK to 5

Margaret Brent Middle School
Public6 to 8

Chopticon High School
Public9 to 12

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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 24241 Colton Point Road, Clements, MD 20624
$360,000
4,826
366,775
$660,000
5
3,660
654,707
2
3,115
154,202
2.5
4,092
270,943
2
2,124
963,112

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 RE/MAX One

© 2026 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 09/16/2022 02:38 PM