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230 S Market Street, Frederick, MD 21701
$560,000 Sale Pending
230 S Market Street, Frederick, MD 21701View this property at 230 S Market Street, Frederick, MD 21701
230 S Market StreetFrederickMD21701
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Property 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 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.
Full Property Details
Full Property Details for 230 S Market St
General
- Price: $560,000
- Taxes: $5,660 (2023)
- Status: Pending
- Type: Triplex
- MLS ID: MDFR2046960
- Updated: 4/21/2024
- Added to Site: 31 day(s) ago
Parking
- Parking Type: On Street
Location
- Municipality: Frederick City
- County: Frederick
- Driving Directions: RIGHT side of Market Street, just past MSD.
- Historic District: Yes
- City Limits: Yes
School Information
- School District: Frederick County Public Schools
- Elementary School: Spring Ridge
- Middle School: Gov. Thomas Johnson
- High School: Gov. Thomas Johnson
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Colonial
- Architectural Style: Colonial
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Foundation: Brick/Mortar
- Stories/Levels: 0
- Square Feet: 3,840
- Sq. Ft. Source: Assessor
- Living Area: 2,880 Sq. Ft.
- Year Built: 1865
- Year Built Source: Assessor
Unit Information
- 1 Bedroom Units: 3
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,348
- Lot Size Source: Assessor
- Zoning: DR
Financial Considerations
- Price Per Sq. Ft.: $194.44
- Assessment Year: 2023
- City/TownTax: $2,299
- City/TownTax Freq: Annually
- County Tax: $3,360
- County Tax Freq: Annually
- Tax w/Assessment: $314,833
- Tax Amount: $5,660
- Tax Year: 2023
- Tax Total Finished Sq. Ft.: 2880
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
Listed by RE/MAX Results, Bobbi Prescott
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Schools
Schools serving 230 S Market St
School District:Frederick County Public Schools, Frederick, MD
Rating | Name | Grades | Distance |
---|---|---|---|
9051 Ridgefield Dr, Frederick, MD 21701 | K-5 | 3.2 mi | |
1799 Schifferstadt Blvd, Frederick, MD 21701 | 6-8 | 2 mi | |
1501 N Market St, Frederick, MD 21701 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 230 S Market St
Date
Details
Price
Change
Source
4/18/2024
Listed
$560,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 230 S Market St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,748
8%
$314,833
8%
2022
$5,302
17%
$291,100
8%
2020
$4,549
1%
$270,467
8%
2021
$4,507
9%
$249,833
9%
2019
$4,140
2%
$229,200
3%
2019
$4,049
4%
$222,067
3%
2018
$3,883
3%
$214,933
3%
2017
$3,752
—
$207,800
1%
2016
$3,742
1%
$205,667
1%
2015
$3,694
1%
$203,533
1%
2014
$3,669
—
$201,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 230 S Market St
230 S Market Street, Frederick, MD 21701 (MLS# MDFR2046960) is a Triplex property with 0 bedrooms and 0 full bathrooms. 230 S Market Street is currently listed for $560,000 and was received on April 18, 2024. Want to learn more about 230 S Market Street? Do you have questions about finding other Triplex real estate for sale in Frederick? You can browse all Frederick real estate or contact a Coldwell Banker agent to request more information.