Check Availability

325 Spring Bank Way

325 Spring Bank Way, Frederick, MD 21701
Townhouse in Frederick
Sold Nov 30, 2020
$349,446
$343,116 by American Financial Network Inc
Mortgage Due Nov 01, 2050
Sold Apr 06, 2018
$1,232,500
325 Spring Bank Way has been categorized by the local assessors in Frederick, MD as a residential type of property. The building on the property was first built in 2020 and is 4 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 325 Spring Bank Way has 2,192 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1,440 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a built-in garage for those who require parking. The garage measured 240 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 325 Spring Bank Way was last sold in Oct 27, 2020 for $349,446. According to our calculations, that's $159.42 per sqft. Prior to that sales transaction, the property was sold for $1,232,500 in Mar 28, 2018. Current property owners are expected to pay $6,022 in taxes per year. The property on 325 Spring Bank Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $337,767. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Condition

New Construction

Exterior

Stone Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Townhouse
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Built-in
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,440
  • Total Building Area: 2,192
  • Gross Building Area: 2,192
  • Building Area: 2,192
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,192
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PALT 1 SPRING BANK
  • Land Acres: 0.033
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LOT 39 PLAT 4 1,440 SQ FT SPRING BANK

Ownership

  • Current Owner : BOYD SHARON
  • Previous Owner : DAN RYAN BUILDERS MID ATLANTIC LLC
  • Owner Before Previous Owner: SPRINGS BANK LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • Census Tract: 750802

Geography

  • Assessors Map Reference: 57I 14 42
  • Account Number: 595772
  • District: 02
  • Parcel: 02-595772
  • Lot: 39
  • Municipality: FREDERICK CITY
  • Latitude: 39.4534
  • Longitude: -77.3971

    Address

  • Full Address: 325 Spring Bank Way
  • Address - House Number: 325
  • Address - Street Name: Spring Bank
  • Address - Suffix Type: Way
  • State: MD
  • City Name: Frederick
  • Carrier Code: R080
  • 4-Digit Zip Code: 3055
  • Zip Code: 21701

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,022
  • Tax Rate Code Area: 004

    Appraisal Valuation

  • Standard Deviation: 0.1274
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 85
  • Final Value: 473,628
  • High Value: 534,006
  • Low Value: 413,251

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $355,347
  • First Open Lien Mortgage Lender: AMERICAN FINANCIAL NETWORK INC
  • First Open Lien Mortgage Recording Date: Nov 30, 2020
  • First Open Lien Mortgage Loan Amount: $343,116
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050
  • Second Open Lien Mortgage Lender: AMERICAN FINANCIAL NETWORK INC
  • Second Open Lien Mortgage Recording Date: Nov 30, 2020
  • Second Open Lien Mortgage Loan Amount: $12,231
  • Second Open Lien Mortgage Term: 131
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2031

    Market Valuation

  • Market Total Value: $385,500
  • Market Land Value: $75,000
  • Market Improvement Value: $310,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $337,767

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 27, 2020
  • Current Sale Recording Date: Nov 30, 2020
  • Current Sale Transaction ID: 11806456351
  • Current Sale Price: $349,446
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Apr 06, 2018
  • Previous Sale Contract Date: Mar 28, 2018
  • Previous Sale Amount: $1,232,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN FINANCIAL NETWORK INC
  • First Mortgage Transaction Date: Nov 30, 2020
  • First Mortgage Loan Amount: $343,116
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2050

About Frederick



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 677 E Church Street, FREDERICK, MD, 21701

$2,695 /mo

  • 3 Beds
  • 2.5 Baths
677 E Church Street, FREDERICK, MD, 21701 Listing by Tom Keats
Unit for rent at 1644 Coopers Way, FREDERICK, MD, 21701

$2,450 /mo

  • 3 Beds
  • 4 Baths
  • 2,440 ft²
1644 Coopers Way, FREDERICK, MD, 21701 Listing by John McNamara
Unit for rent at 677-a E Church St, FREDERICK, MD, 21701

$2,695 /mo

  • 3 Beds
  • 2 Baths
677-a E Church St, FREDERICK, MD, 21701 Listing by RH Advisors Bright
Unit for rent at 7839 Wormans Mill Rd, FREDERICK, MD, 21701

$2,799 /mo

  • 3 Beds
  • 2 Baths
  • 2,160 ft²
7839 Wormans Mill Rd, FREDERICK, MD, 21701 Listing by RH Advisors Bright

Frequently Asked Questions

What neighborhood is 325 Spring Bank Way located in?
The 325 Spring Bank Way is a townhouse located in the neighborhood of Frederick in Frederick, Frederick.
What is the average sales price for listings in 325 Spring Bank Way?
The average sales price for units in 325 Spring Bank Way is $0 currently.

Quantcast