NOT LISTED FOR SALE

1 E Montgomery St Baltimore, MD 21230

Riverside Neighborhood

Estimated Value: $389,200

-- Bed
7 Baths
4,454 Sq Ft
$87/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $735,000 $165 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $2,969/month

29 Days on Market

Highlights

  • Federal Architecture
  • Heating Available
  • 2-minute walk to Hill Street Park

About This Home

As of July 2024

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, May 20, 2024. Live On Site Auction - Wednesday, May 22, 2024 at 11:00 AM. List price is opening bid only. 1 E. Montgomery Street is prominently positioned at the corner of Montgomery Street and South Charles Street in the Federal Hill National Historic District in South Baltimore. The property was formerly operated as the Scarborough Fair Bed & Breakfast, which featured 7 guest suites and office. The property has since been gutted and partially renovated, but remains well situated for redevelopment for any number of residential, institutional and possibly commercial uses. The location, nestled among Baltimore’s best known destinations and countless major employers, is exceptional. The auction provides the opportunity for either users or investors to purchase and re-purpose this well-known corner property back into productive use.

Last Agent to Sell the Property

Charles Billig

(410) 296-8440 charles@ajbillig.com A.J. Billig & Company Listed on: 04/23/2024

Co-Listed By

Luis Arrazola

(410) 296-8441 luis@ajbillig.com A.J. Billig & Company License #676566

Last Buyer's Agent

Matthew Mindel

(410) 428-6138 mattmindel@gmail.com Compass License #0225269155

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,266

Year Built

  • Built in 1920

Lot Details

  • 2,140 Sq Ft Lot
  • Ground Rent of $24 semi-annually

Home Design

  • Federal Architecture
  • Fixer Upper
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 4,454 Sq Ft Home
  • Double Hung Windows

Utilities

  • Heating Available

Community Details

  • 4 Units
  • Federal Hill Historic District Subdivision

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number 0322100905 001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,266

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Ground Rent
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: Auction
  • Property Sub Type: MultiFamily

Interior Features

  • Window Features: Double Hung
  • Fireplace: No
  • Foundation Details: Other
  • Basement: No
  • Total Sq Ft: 4454
  • Living Area Sq Ft: 4454
  • Price Per Sq Ft: 78.58
  • Above Grade Finished Sq Ft: 4454
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2140.00
  • Property Condition: Major Rehab Needed
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 24.00
  • Ground Rent Pymnt Freq: Semi-Annually
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 14266.00
  • Assessor Parcel Number: 0322100905 001
  • Tax Lot: 001
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2024
Closed on
Jul 26, 2024
Sold by
Ward Carrie M and Bierman Howard N
Bought by
Lot Of Cherry Llc
Seller's Agent
Charles Billig
A.J. Billig & Company
Buyer's Agent
Matthew Mindel
Compass
List Price
$350,000
Sold Price
$735,000
Premium/Discount to List
$385,000
110%
Views
118
Current Estimated Value
$389,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$345,800
Original Mortgage
$851,250
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2019
Sold by
124 South Broadway Street Llc
Bought by
1 East Montgomery Street Llc

Purchase Details

Closed on
Apr 11, 2019
Sold by
Chesapeake Holdings East Llc
Bought by
3200 Lily Street Llc

Purchase Details

Closed on
Jun 28, 2007
Sold by
Scarborough Ashey
Bought by
1 E Montgomery Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lot Of Cherry Llc $735,000 New World Title
Lot Of Cherry Llc $735,000 New World Title
1 East Montgomery Street Llc -- None Available
3200 Lily Street Llc $325,000 None Available
1 E Montgomery Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lot Of Cherry Llc $851,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/26/2024 07/26/24 Sold $735,000 0.0% $165 / Sq Ft
07/26/2024 07/26/24 Sold $735,000 +110.0% $165 / Sq Ft View Prior Sale
05/22/2024 05/22/24 Pending -- -- --
05/22/2024 05/22/24 Pending -- -- --
04/23/2024 04/23/24 For Sale $350,000 0.0% $79 / Sq Ft
04/23/2024 04/23/24 For Sale $350,000 -- $79 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,133 $441,000 $160,500 $280,500
2024 $11,133 $474,000 $160,500 $313,500
2023 $14,266 $604,500 $160,500 $444,000
2022 $9,396 $398,133 $0 $0
2021 $9,300 $394,067 $0 $0
2020 $9,204 $390,000 $160,500 $229,500
2019 $20,059 $854,033 $0 $0
2018 $20,076 $850,667 $0 $0
2017 $19,996 $847,300 $0 $0
2016 $13,729 $733,700 $0 $0
2015 $13,729 $620,100 $0 $0
2014 $13,729 $506,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Charles Billig

    Seller's Agent in 2024

    Charles Billig

    A.J. Billig & Company

    (410) 296-8440

    6 in this area

    545 Total Sales

    Charles Billig
    Section Image
  • Luis Arrazola

    Seller Co-Listing Agent in 2024

    Luis Arrazola

    A.J. Billig & Company

    (410) 296-8441

    6 in this area

    418 Total Sales

    Luis Arrazola
    Section Image
  • Matthew Mindel

    Buyer's Agent in 2024

    Matthew Mindel

    Compass

    (410) 428-6138

    51 in this area

    170 Total Sales

    Matthew Mindel
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA2122710

Bright MLS

APN: 0905-001

Maryland Baltimore City County Baltimore 21230 Riverside

1 E Montgomery St, Baltimore, MD

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