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$219,900

Beds
3
Baths
2.0
sq ft
1,786

40 Memorial Ave, Cumberland, MD 21502

40 Memorial Ave

CUMBERLAND, MD 21502

  • 8 days on market
MOVE-IN READY RANCHER WITH LARGE, FENCED-IN BACKYARD! Welcome to 40 Memorial Avenue. This 3 bedroom, 2 bathroom brick rancher is located in the heart of South Cumberland and has many recent updates! The main floor features a spacious living room with recently re-finished hardwood floors and brick fireplace, an eat-in kitchen, three bedrooms and a full bathroom. Downstairs, the basement is partially finished with a laundry/storage area, a second full bathroom and a large room suitable to be a rec room, gym, etc. What makes this home unique? The yard space! This backyard is level, completely fenced-in, features a storage shed and provides ample space to enjoy the outdoors. There is off-street, asphalt parking that has recently been resurfaced. BRAND NEW metal roof put on in Fall 2024, hot water tank installed in October 2023, a new gas furnace installed two years ago as well as many lighting upgrades, fresh paint, etc. The majority of the windows have been replaced as well. Convenient to Downtown Cumberland, local schools and UPMC Western Maryland. DO NOT WAIT! Call today for more information.

Details

Property type

Single Family Residence

Est. home value

$183,374

Lot size

0.27 acres

Price per sq ft

$124

Year built

1957

Annual property taxes

$2,563

HOA

No

Price History

12/14/2024
Bright

Bright #MDAL2010644

Listed
$219,900
+44.67%
08/20/2021
Bright

Bright #MDAL2000152

Sold
$152,000

Schools & Community

Neighborhood: 

Chapel Hill-Virginia Avenue

Elementary school: 

CALL SCHOOL BOARD

Middle school: 

WASHINGTON

High school: 

FORT HILL

School district: 

ALLEGANY COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$85,910
Asking price
$219,900
Closing costs (~8% of asking)
-$17,592
Est. remaining loan balance
-$116,398
Cash to seller
$85,910

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

August 2021

Original loan amount

$144,400

Est. remaining balance

$116,398

Interest rate

2.26%

Loan type

New Conventional, 15 year

Seller

Timothy D Lisa and Lisa Anna Foris

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 5:15 AM

Listing updated: 12/14/2024 at 11:34 AM

Listed by: Allyson M. Litten, Mountainside Home Realty Phone #: (301) 722-0190

MLS: Bright #MDAL2010644

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