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Sold for $530,000
  • $530,000

    220 Summit Ave, Hagerstown, MD 21740

    8beds
    --baths
    4,720sqft
    Multi Family
    Built in 1903
    -- sqft lot
    $602,500 Zestimate®
    $112/sqft
    $1,106 Estimated rent

    Home value

    $602,500

    $548,000 - $657,000

    $1,106/mo

    Zestimate® history
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    What's special

    Hagerstown city park
    fantastic value-add property in Hagerstown. This property is strategically located next to the soon-to-be-built Hagerstown Multi-Use Sports and Events Facility stadium, and just a block away from the beautiful Hagerstown City Park. The location of this property offers residents easy access to recreational activities, shopping, dining, and entertainment. The property comprises of 8 well-designed one-bedroom, one-bathroom apartments, each with their own electric meter. The layout of each apartment is highly functional, providing comfortable living spaces for residents. In addition to the apartments, there are 4 carports and 3 garages, providing ample parking for residents and their guests. This property has immense potential for value appreciation, with the upcoming development of the sports and events facility, which is sure to attract visitors from across the region. The location of the property makes it highly desirable for tenants seeking comfortable and convenient living spaces. The property is being sold along with the adjacent 12-unit apartment building located at 224-226 Summit, providing a total of 20 units for investment. The opportunity to purchase both properties provides an investor with the potential to create a larger and more profitable rental portfolio. Overall, this property is an excellent investment opportunity, with the potential for strong rental income and capital appreciation in the coming years. Don't miss this chance to own a highly desirable value-add property in the heart of Hagerstown.

    Zillow last checked:

    Listing updated:

    Listed by:

    Roberto Gonzalez 301-991-0207,

    RG Realty, Inc.

    Bought with:

    Roberto Gonzalez, 598229

    RG Realty, Inc.

    Source: Bright MLS,MLS#: MDWA2013724MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    Basement
    • Area: 2360
    Heating
    • Hot Water, Electric
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 7,080
    • Total interior livable area: 4,720 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage Faces Front, Off Street, On Street, Detached
    • Garage spaces: 3
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 6,000 Square Feet
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2203016218
    • Zoning: RMED
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Permanent
    Condition
    • New construction: No
    • Year built: 1903

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Hagerstown
    • Municipality: Hagerstown

    Financial & listing details

    • Price per square foot: $112/sqft
    • Tax assessed value: $288,600
    • Annual tax amount: $5,354
    • Date on market: 3/17/2023
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    7/28/2023Sold$530,000-36.9%$112/sqft
    Source: Bright MLS #MDWA2013724 Report a problem
    3/17/2023Listed for sale$840,000$178/sqft
    Source: Bright MLS #MDWA2013724 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 21740

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Washington County Public Schools

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $602,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $602,500