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519 Furnace St, Cumberland, MD, 21502

1beds
1baths
1,152sqft
$18,000
$16price/sqft
$397/moest. monthly cost
$15,880/yrincome needed

About This Home

Two-story single-family residence with 1 bedroom and 1 bathroom built in 1910 on a .8 acre lot. No Buyer Premium on this property. The buyer has the right to select their own title/closing company. The buyer is responsible for all closing costs in this transaction. This asset is currently impacted by state redemption, ratification or confirmation guidelines. Closing timelines and process could be impacted until expiration of this time period. The estimated expiration of the applicable redemption, ratification or confirmation is 06/2026. This is a cash or cash equivalent purchase only with no inspection or financing contingencies.

Getting Around

62
WalkingSomewhat Walkable
23
TransitMinimal Transit
30
BikeSomewhat Bikeable

Schools

7/10
6/10
Braddock Middle SchoolGrades 6-80.3 mi
6/10
Allegany High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1910

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Interior Area

  • Total structure area: 1,152
  • Total interior livable area: 1,152 sqft

Property

Details

  • Parcel number: 05023378
  • Special condition: Auction

Features

  • Stories: 2

Lot

  • Lot size: 3,484 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Hail
Heat Wave
Inland Flooding
Landslide
Lightning

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $91$1,092
Home Insurance *$11$132
Property Taxes $14$168
Electricity $281$3,374
Total$397$4,764
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$13,611/yr
40% on housing$11,910/yr
45% on housing$10,586/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.8%
8.8%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.4%
-1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$16This listing

vs Other Active Listings

Avg $/sqft

ZIP 21502$79
Allegany County$81

vs Homes Sold Last Month

Median $/sqft

ZIP 21502$109
Allegany County$110

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-09-10Listing removed$55,000
2025-05-05Listed for sale$55,000
2025-01-20Listing removed$59,900
2024-12-23Price change$59,900
2024-08-31Listed for sale$62,500
2021-09-28Sold$55,000
2019-05-01Price change$54,900
2019-03-05Listed for sale$58,900
2005-09-23Sold$36,500

Unknown Listed By

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