8 months on rocket

876 Maryland Ave, Cumberland, MD, 21502

$180,000

Home List Price

$2,138*

Closing Credit

0 Baths
2,604 SqFt
$69/SqFt
Multi

Location

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876 Maryland Ave, Cumberland$180,000

Buyer Closing Credits

$2,138*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOn Street
Year Built1925
HeatingForced Air
CoolingNone
BasementYes
ViewCity
MLS #MDAL2008604
Lot Size0.09 Acres
StatusActive
(ACTIVE)

About 876 Maryland Ave

Introducing a lucrative investment opportunity situated on Maryland Avenue, this property features three units configured as a duplex. The first side boasts 4 bedrooms and 2 full baths and is leased at $1000 per month, offering a steady stream of income. On the other side of the duplex, you'll find two separate up-and-down units. One unit is 2 bedrooms and 1 bath and is rented for $650 per month, while the other unit is 1 bedroom and 1.5 baths and is rented for $600 monthly, contributing to a substantial annual gross income of $27,000 with a commendable rental history. Don't miss the chance to capitalize on this investment – schedule your showing today to seize this promising opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1925
  • Living Area: 2,604 SqFt

Listing Office:

  • Office Name: Gates Realty
  • Office Phone: (301) 697-4590
  • Listing Agent: Jared P Fradiska

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Cumberland

Price Information

Listing Price Info

Price Summary:

  • List Price: $180,000
  • Price Per SqFt: $69/SqFt

Tax Information:

  • Annual Amount: $222
  • Tax Year: 2021
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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

$149.2K

Med. Price/SqFt

$98

Avg. Days On Market

44

# of Sold Homes

44

876 Maryland Ave vs Cumberland

256 DAYS ON ROCKET

+212 Days

$180,000

+$30.7K More

$69/SqFt

-$29 Less

KEY TAKEAWAY

This property is $30.7K more than the Median Sold Price and $29/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: #MDAL2008604

Listing Office:

  • Office Name: Gates Realty
  • Office Phone: (301) 697-4590
  • Listing Agent: Jared P Fradiska

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: 12/22/2024, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 13, 2015Home Sold
$12,000
Aug 13, 2003Home Sold
$32,000

Tax History

YEARPROP. TAXASSESSMENT
2021$222$24,433
2020$221$23,900
2018$227$23,833
2017$225$23,800

History based on county public records data.

Payment Calculator

$966

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$606

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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-930897
4
/10

  • South Penn Elementary School

  • 500 E Second St

  • 0.45 miles

  • Public District Grades PK-5

school-card-donut-930898
5
/10

  • West Side Elementary School

  • 425 Paca St

  • 0.90 miles

  • Public District Grades PK-5

school-card-donut-930899
5
/10

  • John Humbird Elementary School

  • 120 E Mary St

  • 1.19 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 $34,565. Typical income of Cumberland, MD residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Maryland›Allegany County›Cumberland›21502›876 Maryland Ave

This home is located at 876 Maryland Ave in Cumberland, MD and zip code 21502. This 2,604 square foot home, which was built in 1925, sits on a 0.09 acre lot. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $180,000.

In November 2024, from all listings sold in Cumberland, MD there were more than 16 sold above asking price, over 21 sold below and more than 7 were sold right at the asked price. In November 2024 in Cumberland, MD there were 5.5% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $149,237, while the average time on the real estate market was 44 days.

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

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