NOT LISTED FOR SALE

16521 National Pike Hagerstown, MD 21740

Estimated Value: $1,085,056

-- Bed
2 Baths
1,481 Sq Ft
$733/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $865,000 $584 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,149/month

49 Days on Market

Highlights

  • 1 Car Detached Garage
  • Central Air
  • Heat Pump System

About This Home

As of January 2022

Unique opportunity to purchase 1 or all 3 income producing, contiguous parcels off of National Pike/Huyetts Crossroads. All of the assets are in excellent condition. Currently, this property is operating as a fully occupied, over under duplex with 1BD/1BA units. Current rents are under market at $690 and $650/mos. This site is situated in a high traffic, growing area.  A tremendous amount of future development is planned. Current zoning allows for a large number of commercial uses. Purchase the entire portfolio  (3 separately deeded, income producing assets for a discounted price)

Last Agent to Sell the Property

Michael Deming

AEK Real Estate, LLC Listed on: 10/22/2021

Last Buyer's Agent

Michael Deming

AEK Real Estate, LLC Listed on: 10/22/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,318

Year Built

  • Built in 1921

Lot Details

  • 0.37 Acre Lot

Parking

  • 1 Car Detached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • 1,481 Sq Ft Home
  • Duplex

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • On Site Septic

Listing and Financial Details

  • Assessor Parcel Number 2224001806

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,318

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1921
  • Automatically Close On Close Date: No
  • Remarks Public: Unique opportunity to purchase 1 or all 3 income producing, contiguous parcels off of National Pike/Huyetts Crossroads. All of the assets are in excellent condition. Currently, this property is operating as a fully occupied, over under duplex with 1BD/1BA units. Current rents are under market at $690 and $650/mos. This site is situated in a high traffic, growing area.  A tremendous amount of future development is planned. Current zoning allows for a large number of commercial uses. Purchase the entire portfolio  (3 separately deeded, income producing assets for a discounted price)
  • Special Features: None

Interior Features

  • Total Sq Ft: 1481
  • Living Area Sq Ft: 1481
  • Price Per Sq Ft: 151.92
  • Above Grade Finished Sq Ft: 1481
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 16521

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Covered Parking
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Schools

  • School District: WASHINGTON COUNTY PUBLIC SCHOOLS
  • School District Key: 121138761341
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 81300.00
  • Land Assessed Value: 43100.00
  • Land Use Code: 110
  • Lot Size Acres: 0.37
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16200.00
  • Year Assessed: 2021
  • Zoning: BG
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11626794
  • Tax Annual Amount: 1318.00
  • Assessor Parcel Number: 2224001806
  • Tax Total Finished Sq Ft: 1481
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 01/31/2022

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Feb 1, 2022
Sold by
Larry T Corbett Revocable Convertible Tr
Bought by
Hill Street Holdings Llc
Seller's Agent
Michael Deming
AEK Real Estate, LLC
Buyer's Agent
Michael Deming
AEK Real Estate, LLC
List Price
$225,000
Sold Price
$865,000
Premium/Discount to List
$640,000
284.44%
Current Estimated Value
$1,085,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,056
Avg. Annual Appreciation
6.75%
Original Mortgage
$647,185
Outstanding Balance
$602,544
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$482,512

Purchase Details

Closed on
Jul 9, 2002
Sold by
Corbett Larry T and Corbett Nancy H
Bought by
Corbett Larry T & Nancy H Trustees

Purchase Details

Closed on
Jul 17, 1991
Sold by
Kauffman Evered H
Bought by
Corbett Larry T and Corbett Nancy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
9.64%
Source: Public Records

Range of Values:

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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
Hill Street Holdings Llc $865,000 None Listed On Document
Hill Street Holdings Llc $865,000 None Listed On Document
Corbett Larry T & Nancy H Trustees -- --
Corbett Larry T $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Street Holdings Llc $647,185
Previous Owner Corbett Larry T $300,000
Previous Owner Corbett Larry T $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $865,000 +284.4% $584 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $225,000 -- $152 / 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
2024 $1,738 $167,833 $0 $0
2023 $1,510 $145,800 $43,100 $102,700
2022 $1,288 $124,400 $43,100 $81,300
2021 $1,319 $124,400 $43,100 $81,300
2020 $1,421 $124,400 $43,100 $81,300
2019 $1,421 $134,100 $43,100 $91,000
2018 $1,625 $134,100 $43,100 $91,000
2017 $1,548 $134,100 $0 $0
2016 -- $146,000 $0 $0
2015 -- $146,000 $0 $0
2014 $2,005 $146,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michael Deming

    AEK Real Estate, LLC

    (240) 217-6804

    18 Total Sales

    Michael Deming
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Map

Source: Bright MLS

MLS Number: MDWA2002898

Bright MLS

APN: 24-001806

Maryland Washington County Hagerstown 21740

16521 National Pike, Hagerstown, MD

This home is located at 16521 National Pike, Hagerstown, MD 21740 since 22 October 2021 and is currently estimated at $1,085,056, approximately $732 per square foot. This property was built in 1921. 16521 National Pike is a home located in Washington County with nearby schools including Jonathan Hager Elementary School, Springfield Middle School, and Williamsport High School.

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