7 months on rocket

508-514 Bedford St, Cumberland, MD, 21502

$350,000

Home List Price

$4,156*

Closing Credit

0 Baths
4,124 SqFt
$85/SqFt
Multi

Location

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508-514 Bedford St, Cumberland$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1907
HeatingBaseboard
CoolingNone
BasementYes
MLS #MDAL2008642
Lot Size0.17 Acres
StatusActive
(ACTIVE)

About 508-514 Bedford St

INVESTMENT OPPORTUNITY! Quadruplex on North End! The historical Federal architectural design is truly timeless! Only minutes from I-68, these multi-unit townhome apartments feature a common area, various conveying appliances, City View’s, Mountain View’s, one bathroom in each unit, and full vacancy with income producing capabilities! Rental projections for the 3 bedrooms units (2 apartments) are $900 monthly, while the 2 bedroom units (2 apartments) project $750 monthly! Annual projected income is roughly $39,000! This is a must see!

Property Details

Property Features

Property Information:

  • Architectural Style: Bi-level, Federal
  • Year Built: 1907
  • Living Area: 4,124 SqFt

Listing Office:

  • Office Name: Coldwell Banker Premier
  • Office Phone: (301) 777-3380
  • Listing Agent: Amanda R Floyd

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Cumberland

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $85/SqFt
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Housing Market Comparison

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

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Cumberland, MD

City

Med. Sold Price

$149K

Med. Price/SqFt

$97

Avg. Days On Market

55

# of Sold Homes

39

508-514 Bedford St vs Cumberland

220 DAYS ON ROCKET

+165 Days

$350,000

+$201K More

$85/SqFt

-$13 Less

KEY TAKEAWAY

This property is $201K more than the Median Sold Price and $13/SqFt less than other homes in Cumberland, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDAL2008642

Listing Office:

  • Office Name: Coldwell Banker Premier
  • Office Phone: (301) 777-3380
  • Listing Agent: Amanda R Floyd

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: 11/21/2024, 1:20:58 PM 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

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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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-303761
5
/10

  • West Side Elementary School

  • 425 Paca St

  • 0.54 miles

  • Public District Grades PK-5

school-card-donut-303762
4
/10

  • South Penn Elementary School

  • 500 E Second St

  • 1.23 miles

  • Public District Grades PK-5

school-card-donut-303763
9
/10

  • Northeast Elementary School

  • 11001 Forest Ave NE

  • 1.80 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 $24,194. The majority of Cumberland, MD residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Maryland›Allegany County›Cumberland›21502›508-514 Bedford St

This home is located at 508-514 Bedford St in Cumberland, MD and zip code 21502. This 4,124 square foot home, which was built in 1907, sits on a 0.17 acre lot. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $350,000.

Over 10 listings were sold over their listed price in October 2024 in Cumberland, MD. In the same period over 23 listings were sold below the listed price and 6 listings were sold for the listed price. Between September 2024 and October 2024, Cumberland, MD real estate market has seen decrease in the number of listings by 7.4%. The median list price of listings available in October 2024 was $149,000, while the average time on the real estate market was 55 days.

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

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