230 South Market Street

Frederick, MD 21701

$560,000
Price
Beds
2,880 Sq. Ft.
$194 / Sq. Ft.
2,880
Sq. Ft.
$194
per Sq. Ft.

Description

Wonderful three-unit apartment building in Downtown Frederick.   Steps to MSD and the center of Downtown.  Great opportunity to live in one unit and rent the other two, or rent all three!    The floor plan of each unit is available in the photos.   The building has been owned by the sellers since the 1960's.   They used the building as a living space for their staff.   The monthly rent amount collected is below market value.  There are no written leases in place currently, only verbal.   Unit 1 is...Wonderful three-unit apartment building in Downtown Frederick.   Steps to MSD and the center of Downtown.  Great opportunity to live in one unit and rent the other two, or rent all three!    The floor plan of each unit is available in the photos.   The building has been owned by the sellers since the 1960's.   They used the building as a living space for their staff.   The monthly rent amount collected is below market value.  There are no written leases in place currently, only verbal.   Unit 1 is unoccupied (includes washer/dryer in unit).   Unit 2 is occupied at $750 a month and Unit 3 is occupied at $850 a month (the washer/dryer for units 2 & 3 are on the lower level).   Heat is included with current rent amounts.  In the winter gas runs about $600 a month.  Water is also included in the current rent at $200 every quarter.  The market value for rent for Units 1 & 2 is about $1450 per month and Unit 3 is about $1550 per month.    Each unit is separately metered with individual electric meters.  The building owner does pay for power for the water heater and shared areas, which is about $188 every month.  Sellers will convey property occupied with current tenants and arrangements.  Disclosures in the MLS.    Please allow 24 hours for showing requests.
  1. Listed by Bobbi Prescott • RE/MAX Results
    P: 3015146163 bobbiprescott@gmail.com

Property Details for 230 South Market Street

Tax ID Number
1102104016
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Colonial
Waterfront
No
Garage
No
Expected On Market Date
04-18-2024
Municipality
Frederick City

Location

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LISTING UPDATED: 04/21/2024 09:06 PM

Property Details for 230 South Market Street

StatusPending
MLS #MDFR2046960
Days on Market4
Taxes$5,660 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1865
Lot Size0.08 AC / 3,348 SF
CountyFrederick County, MD

Location

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Building Information for 230 South Market Street

Stories-Residences1Year Built1865Building Size-Lot Size0.08 AC / 3,348 SF

Payment Calculator

$3,528 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,056

Property Taxes

$472

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 230 South Market Street

Location
Location
  • In City Limits: Yes
  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS
  • School District County ID: 121139693024
  • SchoolDistrictSource: 3rd Party
  • Elementary School: SPRING RIDGE (FREDERICK MD)
  • ElementarySchoolSource: 3rd Party
  • Middle Or Junior School: GOV. THOMAS JOHNSON (FREDERICK MD)
  • MiddleSchoolSource: 3rd Party
  • High School: GOV. THOMAS JOHNSON (FREDERICK MD)
  • HighSchoolSource: 3rd Party
  • County: FREDERICK
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: 2023
  • Tax Assessed Value: $314,833
  • Year Assessed: 2023
  • County Tax: $3,360
  • Improvement Assessed Value: $167,800
  • City Town Tax: $2,299
  • Land Assessed Value: $123,300
  • Clean Green Assessed: No
  • Land Use Code: R
  • Historic: Yes
  • Zoning: DR
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
Financial Information
Financial Information
  • Existing Lease Type: None
Building Info
Building Info
  • Building Units Total: 1
  • Total Finished SQFT: 2,880.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 11548985
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Frederick County Association of REALTORS
  • List Agent URL: www.bobbiprescott.com

Property History for 230 South Market Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 230 South Market Street

Taxable ValueLand-Additions-Total-
Tax Record2023$5,748 ($479 / month)
Home Facts
Beds0Baths3Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtStories3Lot Size3,348 SqFtStyleTownhouseYear Built1865ZoningDRCountyFREDERICKAPN02-104016

Schools near 230 South Market Street

This home is within Frederick County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 8
Rating
School
Distance
Spring Ridge Elementary School
PublicPK to 5

Gov. Thomas Johnson Middle School
Public6 to 8

Gov. Thomas Johnson High School
Public9 to 12

Monocacy Valley Montessori School
CharterPK to 8

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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Results

© 2024 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 04/21/2024 09:06 PM