2 months on rocket

227/229 N Brown St, Fruitland, MD, 21826

$455,000

Home List Price

$5,403*

Closing Credit

0 Baths
2,274 SqFt
$200/SqFt
Multi

Location

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227/229 N Brown St, Fruitland$455,000

Buyer Closing Credits

$5,403*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOff Street, Driveway
Year Built2009
HeatingHeat Pump
CoolingHeat Pump
MLS #MDWC2015080
Lot Size0.27 Acres
StatusActive
(ACTIVE)

About 227/229 N Brown St

Investment Opportunity in a Strong Rental Market. No changes in asking rent for the last 3 years and current market rent is $75-$100 higher per bedroom. - 2 unit, 2274 Square Foot Duplex consisting of Two, Three Bedroom/Three bath units & are rented for 2024/2025 school year. -Rental Income of $48,956 and NOI of $28,212.87 -Proforma NOI at market rent is $35,412.87 or 7.8% cap rate - Both units are in great condition with no deferred maintenance. -Tenants are responsible for all utilities & water/sewer. -The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid. -Buyers can tour the interior of the units with an agreed upon LOI.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2009
  • Living Area: 2,274 SqFt

Listing Office:

  • Office Name: SVN/Miller Commercial Real Estate
  • Office Phone: (410) 543-2440
  • Listing Agent: Andrew Ball

Exterior Features

Parking Information:

  • Parking: Off Street, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: From Business US-13 Turn Left onto Cedar Crossing/E Cedar Lane. At the traffic Circle continue to stay on E Cedar Lane & turn right onto N Brown Street. Duplex is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $455,000
  • Price Per SqFt: $200/SqFt
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Housing Market Comparison

See how this home compares to others in Fruitland, MD.

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Fruitland, MD

City

Med. Sold Price

$270K

Med. Price/SqFt

$166

Avg. Days On Market

24

# of Sold Homes

8

227/229 N Brown St vs Fruitland

86 DAYS ON ROCKET

+62 Days

$455,000

+$185K More

$200/SqFt

+$33 More

KEY TAKEAWAY

This property is $185K more than the Median Sold Price and $33/SqFt more than other homes in Fruitland, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWC2015080

Listing Office:

  • Office Name: SVN/Miller Commercial Real Estate
  • Office Phone: (410) 543-2440
  • Listing Agent: Andrew Ball

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/19/2024, 10:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,338

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,431

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-235061
5
/10

  • Fruitland Intermediate School

  • 208 W Main St

  • 0.82 miles

  • Public District Grades 3-5

school-card-donut-235062
3
/10

  • Pinehurst Elementary School

  • 520 S Pinehurst Ave

  • 2.52 miles

  • Public District Grades PK-5

school-card-donut-235063
4
/10

  • Prince Street School

  • 400 Prince St

  • 3.15 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $68,893. Residents of Fruitland, MD typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Maryland›Wicomico County›Fruitland›21826›227/229 N Brown St

This home is located at 227/229 N Brown St in Fruitland, MD and zip code 21826. This 2,274 square foot home, which was built in 2009, sits on a 0.27 acre lot. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $455,000.

While more than 1 listings in Fruitland, MD in November 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 4 were sold below. In November 2024 in Fruitland, MD there were 6.3% less homes for sale than in October 2024. While the average time on the market in November 2024 was 24 days, the median list price was $270,000.

From Rocket Homes Real Estate and based on county public records data.

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