220 SomervilleCumberland, MD 21502
- Apartment buildings
- 79,296 SF
Off market
$5,348,500 Estimated
Property Details for 220 Somerville
- Year built
- 1977
- Construction
- BRICK
- Lot size
- 2.05 AC
- Property size (Sq ft)
- 79,296 SF
- Zone code
- R-L
- Property type
- Apartment buildings
- APN
- 04-037804
- APU
- 4037804
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $26,073,800
- 6.5%
- $24,068,100
- 7%
- $22,349,000
-
Comparable approach
- Method
- Valuation
- Relative Method
- $18,549,700
- Geo Method
- $18,549,700
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $38,183,400
- Retail / Commercial
- $19,715,100
- Mixed-Use / Specialty
- $19,751,000
- Hospitality / Lodging
- $14,629,000
- Office
- $19,744,300
- Institutional / Educational
- $20,571,100
- Multifamily
- $28,277,100
- Automotive / Energy
- $17,632,300
- Parking / Income-Based Land
- $5,979,740
- Restaurant / Food Service
- $10,499,400
- Healthcare / Senior Housing
- $20,145,300
Location Insight
- City
- Cumberland
- County
- Allegany
- State
- Maryland
- Latitude
- 39.6334
- Longitude
- -78.7529
- CBSA code
- 19060
- CBSA name
- CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$49,757
$626,600
$4,721,900
$5,348,500
-
$626,600
$4,721,900
$5,348,500
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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