$148,000
●
House -
Off Market
721 SUMMIT AVE
HAGERSTOWN, MD 21740
4 Beds
2 Baths
2,112 Ft²
$166,279
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Motivated sellers/reasonable CASH offers over 140k considered! Huge
colonial with so much potential! This was once a grand residence
and could be again with the right buyer, some work and sweat
equity. Hardwood floors throughout home, built ins and beautiful
moldings. There are 4 bedrooms, 2 baths...at one time there was
also a second kitchen on the 2nd floor. Convert to a duplex
or add an in-law suite. A detached garage in the back for storage
or workshop. Property sold strictly as-is.
*Please note according to seller the water line from the house to the meter needs replaced and the Hagerstown Water Dept will not turn the water on until the issue is fixed. Contact Hagerstown Water Dept to verify what needs repaired and the amount of the outstanding water bill. -WATER CANNOT BE TURNED ON FOR INSPECTIONS-
*The existing furnace is non-operable. New furnace is needed.
*Property and all contents being sold AS IS
*Please note according to seller the water line from the house to the meter needs replaced and the Hagerstown Water Dept will not turn the water on until the issue is fixed. Contact Hagerstown Water Dept to verify what needs repaired and the amount of the outstanding water bill. -WATER CANNOT BE TURNED ON FOR INSPECTIONS-
*The existing furnace is non-operable. New furnace is needed.
*Property and all contents being sold AS IS
Unit Size
2,112 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$78
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
1913
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 years ago (Bright MLS #MDWA2013882)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2023 | Sold | ||
| Sold | |||
| Apr 21, 2023 | In contract | - | |
| In contract | |||
| Apr 6, 2023 | Price Decreased |
$165,000
↓ $8K
(4.6%) | |
| Price Decreased | |||
| Mar 31, 2023 | Price Decreased |
$173,000
↓ $7K
(3.8%) | |
| Price Decreased | |||
| Mar 24, 2023 | Listed by RE/MAX Achievers | $179,900 | |
| Listed by RE/MAX Achievers | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Patti Perez
RE/MAX Achievers
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDWA2013882
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, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
RE/MAX Achievers
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDWA2013882
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