1 W 27th St Baltimore, MD 21218
Charles Village Neighborhood
--
Bed
--
Bath
2,178
Sq Ft
1,200
Sq Ft Lot
About This Home
As of January 2025Elevate your investment portfolio with these prime apartments located just three blocks from Johns Hopkins University Homewood Campus. With a high demand for rentals from students and faculty, this property offers an exceptional opportunity to upgrade the units and significantly increase rents. Situated in the desirable Charles Village, investors can benefit from long-term wealth growth and property appreciation. Don’t miss out on this lucrative chance to capitalize on a thriving rental market! Opportunity is calling for a new owner to upgrade apartments and increase rents at 1 West 27th Street. Located just three blocks from Johns Hopkins University Homewood Campus, enjoy the stable growth and property value appreciation guaranteed by this world-renowned institution. Each floor houses an apartment. Kitchens feature sturdy, easy-to-clean laminate counters, a mix of laminate and wood cabinets, and a mix of 30? electric and 20? gas ranges. Sunny, well-lit living spaces could benefit from upgrades such as kitchen and bathroom improvements, drywall ceilings, and new flooring and paint. Rents could be substantially increased, to match an uptick in apartment grade. Heat is provided through a gas-fired Weil-McLain steam boiler, with radiator distribution. A gas-fired 50-gallon GE water heater provides hot water to the units. 1 West 27th Street has one electric meter with 200-amp service, and one gas meter. Currently the landlord pays for electric, gas, and water/sewer. A savvy landlord could increase cash flow by passing these costs along to the tenants. Observable interior water supply pipes are copper, with a steel main. Drain lines are pvc. Vinyl replacement windows help to insulate the building and reduce utility costs. The roof is built-up. Tenants share a clothes washer/dryer in the basement. Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park, a 16-acre public park by the Baltimore Museum of art. Just one blocks east is the Hopkins Shuttle Stop, providing an easy commute to Hopkins’ other Baltimore campuses. 1 West 27th Street earns the designation “Walker’s Paradise” with a WalkScore of 92, a TransitScore of 76, and a BikeScore of 87. This block is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events. Rents at time of Sale: Apartment 1 Vacant; Apartment 2 $820; Apartment 3 $750.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,777
Year Built
- Built in 1900
Lot Details
- 1,200 Sq Ft Lot
- Lot Dimensions are 15' x 80'
Home Design
- Triplex
- Converted Dwelling
- Brick Exterior Construction
- Stone Foundation
- Plaster Walls
Parking
- 1 Parking Space
- 1 Off-Street Space
Utilities
- Window Unit Cooling System
- Radiator
- Natural Gas Water Heater
Community Details
- 3 Units
- Charles Village Subdivision
Listing and Financial Details
- Tax Lot 022
- Assessor Parcel Number 0312033637 022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 22, 2024
Closed on
Jan 30, 2025
Sold by
Sauer Edwin Mark
Bought by
Rhs 88 Llc
Seller's Agent
Will Cannon
Ben Frederick Realty, Inc.
Buyer's Agent
Kenny Lin
Smart Realty, LLC
List Price
$329,000
Sold Price
$300,000
Premium/Discount to List
-$29,000
-8.81%
Views
106
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,570
Avg. Annual Appreciation
15.74%
Original Mortgage
$225,000
Outstanding Balance
$224,054
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$102,486
Purchase Details
Closed on
Feb 5, 2004
Sold by
M & M Enterprises Llc
Bought by
Sauer Edwin Mark
Purchase Details
Closed on
May 23, 2003
Sold by
Kline Maurice S
Bought by
M & M Enterprises Llc
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $300,000 | Armour Settlement Services | |
| Deed | $300,000 | Armour Settlement Services | |
| Deed | $175,000 | -- | |
| Deed | $85,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $225,000 | New Conventional | |
| Closed | $225,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $300,000 | -8.8% | $138 / Sq Ft |
| 12/06/2024 12/06/24 | Pending | -- | -- | -- |
| 12/03/2024 12/03/24 | For Sale | $329,000 | 0.0% | $151 / Sq Ft |
| 12/02/2024 12/02/24 | Off Market | $329,000 | -- | -- |
| 10/30/2024 10/30/24 | Price Changed | $329,000 | -4.6% | $151 / Sq Ft |
| 07/22/2024 07/22/24 | For Sale | $345,000 | -- | $158 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,754 | $213,900 | $60,000 | $153,900 |
| 2024 | $4,754 | $202,400 | $0 | $0 |
| 2023 | $4,505 | $190,900 | $0 | $0 |
| 2022 | $4,234 | $179,400 | $60,000 | $119,400 |
| 2021 | $4,201 | $178,000 | $0 | $0 |
| 2020 | $4,168 | $176,600 | $0 | $0 |
| 2019 | $4,115 | $175,200 | $60,000 | $115,200 |
| 2018 | $4,135 | $175,200 | $60,000 | $115,200 |
| 2017 | $4,135 | $175,200 | $0 | $0 |
| 2016 | $4,287 | $175,200 | $0 | $0 |
| 2015 | $4,287 | $175,200 | $0 | $0 |
| 2014 | $4,287 | $175,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Will Cannon
Seller's Agent in 2025
Will Cannon
Ben Frederick Realty, Inc.
(410) 916-3331
13 in this area
76 Total Sales
-
Kenny Lin
Buyer's Agent in 2025
Kenny Lin
Smart Realty, LLC
(443) 207-6934
1 in this area
21 Total Sales
Map
Source: Bright MLS
MLS Number: MDBA2133466
APN: 3637-022
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