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502 W 2nd St; Frederick, MD Property Details

502 W 2nd St, Frederick, MD is a Single Family that was built in 1940. This property is currently a cash purchase and is not for sale. Our records show that 502 W 2nd St has 4 bathrooms, and a total of 2,564 square feet. The lot size of 502 W 2nd St is 6,697 square feet.

Off market
502 W 2nd St Frederick, MD 21701
$685,600 Estimated Value
4 Baths
2,564 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1940
  • Purchase Price: $405,000
  • Est. Equity / %: $683,000 / 100%
  • Gross Yield: 9.066%
  • APN: 02-038854
  • Situs County: Frederick
  • Length Of Ownership: 8 years, 8 months

Rooms

  • Bathrooms: 4
  • Full Bathrooms: 4

Structure

  • Building Style: Brick
  • Stories: 2
  • Exterior Wall Type: Brick
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Composition Shingle
  • Sewer Type: Municipal

Measurements

  • Total: 2,564/SqFt
  • Lot: 6,697/SqFt
  • Gross: 2,564/SqFt
  • Garage: 720/SqFt
  • Living: 2,564/SqFt
  • Building: 2,564/SqFt
  • Ground: 1,282/SqFt
  • Price Per Square Foot: $157.96

Legal Description

  • Description: LT #70 47 1/2 X 141 502 W. 2ND ST. FREDERICK
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Frederick County Public Schools
  • Lat / Lon: 39.41714 / -77.42154
  • Subdivision: Frederick
  • Property Class: Residential
  • Zoning: R6
  • County Use Code: R-B001

Amenities

  • Plus Four: 4876
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Detached Garage
  • Heating: Radiant

Ownership Info

502 W 2nd St has no associated ownership info
502 W 2nd St has no associated ownership info.

Taxes

502 W 2nd St has 9 associated Taxes items

502 W 2nd St, Frederick, MD pays taxes in Frederick County, MD. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $685,600. The APN we've located for 502 W 2nd St is 02-038854.

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Taxes
  • Assessed Value:  $685,600
  • Assessed Year:  2026
  • Assessed County:  Frederick
  • APN:  02-038854
  • Market Land Value:  321900
  • Tax Amount:  10766.52
  • Tax Year:  2025
  • Market Value:  782600
  • Market Year:  2026

Tax History

502 W 2nd St has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $685,600 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $10,766.52 Change Rate +0.047042% Assessed CR Tax Rate
Year 2024 Assessed Value $592,200 Land Value Improvement Value Tax Amount $10,282.8 Change Rate +0.071863% Assessed CR Tax Rate +0.017364%
Year 2023 Assessed Value $547,300 Land Value Improvement Value Tax Amount $9,593.39 Change Rate +0.055728% Assessed CR Tax Rate +0.017529%
Year 2022 Assessed Value $502,400 Land Value $242,700 Improvement Value $259,700 Tax Amount $9,086.99 Change Rate -0.494798% Assessed CR Tax Rate +0.018087%
Year 2021 Assessed Value $502,400 Land Value $242,700 Improvement Value $259,700 Tax Amount $17,986.86 Change Rate +1.004044% Assessed CR Tax Rate +0.035802%
Year 2020 Assessed Value $502,400 Land Value $242,700 Improvement Value $259,700 Tax Amount $8,975.28 Change Rate -0.008297% Assessed CR Tax Rate +0.017865%
Year 2019 Assessed Value $506,900 Land Value $216,000 Improvement Value $290,900 Tax Amount $9,050.37 Change Rate +0.455156% Assessed CR Tax Rate +0.017854%
Year 2018 Assessed Value $348,667 Land Value Improvement Value Tax Amount $6,219.52 Change Rate +0.44677% Assessed CR Tax Rate +0.017838%
Year 2017 Assessed Value $366,800 Land Value Improvement Value Tax Amount $4,298.9 Change Rate Assessed CR Tax Rate +0.01172%
Year 2016 Assessed Value $312,400 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2015 Assessed Value $309,733 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $307,067 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $5,594.16 Change Rate Assessed CR Tax Rate