708 59th Place Fairmount Heights, MD 20743
Fairmount Heights NeighborhoodEstimated payment $3,213/month
About This Home
**$10K Closing Cost Credit** Discover the ultimate investment opportunity at 708 59th Place in Fairmount Heights, MD—a modern duplex townhouse designed for the savvy real estate investor and strategic homeowner. This exceptional property features two meticulously mirrored units, each offering 1,107 square feet of thoughtfully designed living space with four spacious bedrooms and two well-appointed bathrooms. The genius of this property lies in its flexibility: live in one unit while generating rental income from the other, or maximize your investment by leasing both units to create dual income streams. Each unit boasts private front and rear entrances, ensuring privacy and convenience for residents or tenants. Situated on a generous 5,125 square foot lot with 2,214 total square feet of living space, this property provides ample room for comfortable living and future expansion. The expansive backyard presents additional opportunities, with potential for adding a garage or parking pad.
Perfect for young professionals, families, or strategic investors, this property offers more than just a home—it's a comprehensive investment strategy. Its prime location in Fairmount Heights, combined with the versatile layout, makes 708 59th Place a standout opportunity in the current real estate landscape. Whether you're looking to create a multi-generational living arrangement, generate passive income, or build long-term real estate wealth, this property delivers on every front.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,798
Year Built
- Built in 1909
Lot Details
- 5,227 Sq Ft Lot
Home Design
- 2,214 Sq Ft Home
- Duplex
- Federal Architecture
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- 2 Units
- 2 Vacant Units
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,168 | $266,967 | $0 | $0 |
| 2023 | $4,754 | $243,400 | $65,200 | $178,200 |
| 2022 | $3,400 | $230,633 | $0 | $0 |
| 2021 | $4,511 | $217,867 | $0 | $0 |
| 2020 | $4,068 | $205,100 | $45,100 | $160,000 |
| 2019 | $3,227 | $178,400 | $0 | $0 |
| 2018 | $3,107 | $151,700 | $0 | $0 |
| 2017 | $784 | $125,000 | $0 | $0 |
| 2016 | -- | $125,000 | $0 | $0 |
| 2015 | $4,675 | $125,000 | $0 | $0 |
| 2014 | $4,675 | $165,000 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2025 03/27/25 | For Sale | $535,000 | -- | $242 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $187,500 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | New Conventional | |
| Previous Owner | $285,000 | New Conventional |
Source: Bright MLS
MLS Number: MDPG2146550
APN: 18-2099232
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