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Sold for $568,000
  • $568,000

    411 S Liberty St, Centreville, MD 21617

    8beds
    6baths
    4,094sqft
    Triplex
    Built in 1905
    -- sqft lot
    $625,600 Zestimate®
    $139/sqft
    $1,785 Estimated rent

    Home value

    $625,600

    $576,000 - $682,000

    $1,785/mo

    Zestimate® history
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    What's special

    Rich historyVibrant downtown areaSmall-town charmSeparate metersStrong local economyModern amenitiesWell-maintained exterior
    All showings to be during scheduled open houses Thursday and Saturday. Please have your agent register their interest with co-listing agent. Welcome to 411 S Liberty Street, Centreville, MD 21617 - an exceptional investment opportunity in the heart of historic downtown Centreville. This fully leased, renovated 3-unit property offers a prime location, modern amenities, and tremendous potential. With its desirable features and attractive income potential, this property is a dream for investors seeking stable returns in a vibrant community. The property boasts a well-maintained exterior highlighted by a new roof and ample parking, ensuring convenience for both tenants and visitors. Situated on the main street, this property benefits from excellent visibility and easy access to the vibrant downtown area, where charming shops, restaurants, and local businesses create a lively atmosphere. Each unit within this triplex has been thoughtfully designed to offer comfortable living spaces. The first two units feature 3 bedrooms and 1.5 baths, providing ample room for those seeking spacious accommodations. The third unit offers 2 bedrooms and 1.5 baths, catering to those seeking a cozy yet functional living environment. With separate meters for each unit, tenants can easily manage their own utilities, enhancing convenience and cost-efficiency. The recent upgrades, including two brand new HVAC units and a third unit installed just a few years ago, ensure optimal comfort for tenants while minimizing maintenance costs. These modern amenities, combined with the property's overall renovations, make it an attractive option for tenants seeking quality rentals in Centreville. The property presents a remarkable opportunity for expansion. Pending approval from the local governing body, an additional unit could be added, maximizing the property's income potential and further solidifying its value as an investment. This flexibility allows investors to adapt to changing market demands and capitalize on future growth. Centreville, MD, itself offers a multitude of benefits for real estate investors. Its rich history and small-town charm make it an appealing destination for residents and visitors alike. With its convenient location within Queen Anne's County, residents enjoy easy access to nearby cities such as Annapolis and Baltimore, as well as the picturesque Chesapeake Bay and its recreational opportunities. The strong local economy, coupled with a growing population, provides a stable foundation for long-term rental demand and potential appreciation. 411 S Liberty Street presents a unique opportunity to own a fully leased, renovated 3-unit property in historic downtown Centreville, MD. With its prime location, updated amenities, potential for expansion, and the benefits of investing in Centreville's thriving real estate market, this property is a wise choice for investors seeking a promising income-generating asset. Don't miss your chance to acquire this exceptional investment property - schedule a showing today and secure your future in Centreville!

    Zillow last checked:

    Listing updated:

    Listed by:

    Phil Gerdes 443-775-3906,

    Real Broker, LLC,

    Listing Team: The Gerdes Team

    Bought with:

    Piet de Dreu, 651785

    Corner House Realty

    Source: Bright MLS,MLS#: MDQA2006962MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 6
    Basement
    • Area: 0
    Heating
    • Heat Pump, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 4,094
    • Total interior livable area: 4,094 sqft

    Property

    Parking
    • Total spaces: 15
    • Parking features: Driveway, Off Street, On Street, Parking Lot
    • Uncovered spaces: 15
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 0.44 Acres
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 1803010686
    • Zoning: R-2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Frame
    • Foundation: Crawl Space
    Condition
    • New construction: No
    • Year built: 1905

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Centreville
    • Municipality: Centreville

    Financial & listing details

    • Price per square foot: $139/sqft
    • Tax assessed value: $399,800
    • Annual tax amount: $4,973
    • Date on market: 7/13/2023
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple
    • Total actual rent: 60540

    Price history

    DateEventPrice
    9/18/2023Sold$568,000-3.3%$139/sqft
    Source: Bright MLS #MDQA2006962 Report a problem
    9/12/2023Pending sale$587,500$144/sqft
    Source: Bright MLS #MDQA2006962 Report a problem
    9/11/2023Price change$587,500-2.1%$144/sqft
    Source: Bright MLS #MDQA2006962 Report a problem
    8/21/2023Listed for sale$599,990$147/sqft
    Source: Bright MLS #MDQA2006962 Report a problem
    7/17/2023Pending sale$599,990$147/sqft
    Source: Bright MLS #MDQA2006962 Report a problem
    7/13/2023Listed for sale$599,990+87.5%$147/sqft
    Source: Bright MLS #MDQA2006962 Report a problem
    6/8/2020Sold$320,000$78/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,114 +18.7%$481,667 +8.3%
    2024$5,991 +11.3%$444,800 +11.3%
    2023$5,385 +12.7%$399,800 -10.1%
    2022$4,779 +13.1%$444,800 +43.6%
    2021$4,226 +11%$309,800 +1.4%
    2020$3,808 -7.3%$305,467 -1.4%
    2019$4,108 +10.6%$309,800 +4.4%
    2018$3,714 +1%$296,800 +1.3%
    2017$3,678 -13.3%$292,967 +1.3%
    2016$4,244 $289,133 +1.3%
    2015$4,244 $285,300
    2014$4,244 $285,300
    2013-- $285,300 -7.3%
    2012-- $307,700
    2011-- $307,700
    2010-- $307,700 -7.7%
    2009-- $333,550 +8.2%
    2008-- $308,156 +9%
    2007-- $282,763 +9.9%
    2006-- $257,370 +3.8%
    2005-- $247,836 +4%
    2004-- $238,303 +4.2%
    2003-- $228,770
    2002-- $228,770
    2001-- $228,770
    Find assessor info on the county website

    Neighborhood: 21617

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Queen Anne's 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
    $625,600
    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
    $625,600