$735,000
SOLD JUL 26, 2024
-- Bed
-- Bath
4,454 Sq Ft
2,140 Sq Ft Lot

Recently Sold

$165 Per Sq Ft

110% Above List Price

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

A.J. Billig & Company

Co-Listed By

Luis Arrazola

A.J. Billig & Company License #676566

Last Buyer's Agent

Matthew Mindel

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
  • Remarks Public: 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.
  • 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
  • Street Number Modifier: 1

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: BALTIMORE CITY PUBLIC SCHOOLS
  • School District Key: 121137830454
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: C
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2140.00
  • Property Condition: Major Rehab Needed
  • Year Assessed: 2024
  • 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
  • Tax Total Finished Sq Ft: 4454
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 07/26/2024

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%
Total Days on Market
29
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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$694,000
Interest Rate
6.54%
Mortgage Type
Commercial

Map

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 Type Sale Price Title Company
Trustee Deed $735,000 New World Title
Assignment Deed -- None Available
Special Warranty Deed $325,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $851,250 New Conventional
Previous Owner $1,080,000 New Conventional
Previous Owner $491,000 No Value Available
Previous Owner $694,000 Commercial
Previous Owner $63,000 Unknown
Previous Owner $235,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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
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

Source: Bright MLS

MLS Number: MDBA2122710

Bright MLS

APN: 0905-001