tomo logo

$599,900

Beds
7
Baths
3.0
sq ft
1,736

606 E Main Street Ext, Emmitsburg, MD 21727

606 E Main Street Ext

EMMITSBURG, MD 21727

  • 153 days on market
    • Price drop $80,000↓
Great opportunity to own this Rare gem. The property is quite unassuming in look, but contains immense potential. It has been totally renovated and rebuilt from the bones. Used as a student housing, it drew a great income of almost $4000/month. The property has Unit A with 6 beds and 2 bath. Unit B is a garage converted into in-law suite with 1bed 1 bath and kitchen. All with independent AC heating. This property is qualified to be used as an Air B&B, Aged housing, Office or many other uses. The income potential can be upward of $4k/month. Talk to lister to discuss other potential uses.

Details

Property type

Single Family Residence

Est. home value

$288,354

Lot size

0.24 acres

Price per sq ft

$346

Year built

1955

Annual property taxes

$3,126

HOA

No

Price History

01/30/2024

Bright #MDFR2044098

Listed
$599,900

Schools & Community

Elementary school: 

CALL SCHOOL BOARD

Middle school: 

CALL SCHOOL BOARD

High school: 

CALL SCHOOL BOARD

School district: 

FREDERICK 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

$443,243
Asking price
$599,900
Closing costs (~8% of asking)
-$47,992
Est. remaining loan balance
-$108,665
Cash to seller
$443,243

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

Seller’s Loan History

Lender

George Mason Mortgage Llc

Loan start date

April 2018

Original loan amount

$165,000

Est. remaining balance

$108,665

Interest rate

3.94%

Loan type

New Conventional, 15 year

Seller

Pradeep Saini and Maahi Saini

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: 07/01/2024 at 10:15 AM

Listing updated: 06/05/2024 at 1:53 AM

Listed by: Pradeep Saini, Presidential Real Estate LLC Phone #: (301) 676-5400

MLS: Bright #MDFR2044098

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