12 South Adams Street

12 South Adams Street in Rockville, MD was first built in 1902 and is 122 years old. This has been categorized as a office property type. There are a total of 2 floors. 12 South Adams Street has 1,452 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,606 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. There is a open porch. The property is connected to a sewer system. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 12 South Adams Street sold most recently in Aug 25, 2023 for a total of $700,000. If you work out the math, that's approximately a cost of $482.09 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,767 in taxes each year. The initial year of tax delinquency occurred in 2022. 12 South Adams Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $597,000. If we break it down further, the land itself was valued at $124,500. Improvements to the property, however, were assessed at a total of $472,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.