11015 Reisterstown Rd Owings Mills, MD 21117
Estimated payment $2,442/month
Highlights
- 0.76 Acre Lot
- No HOA
- Central Heating
- Traditional Architecture
- Level Entry For Accessibility
About This Home
INVESTOR ALERT! Sold as-is along with 3 adjacent properties 11015, 11017 and 11021 Reisterstown Rd. OR 2 Zoning. Will NOT be sold separately. Selling all 4 properties for $1,699,960.
Incredible and rarely available opportunity for developers or long-term investors to acquire a package of four adjacent houses on a massive 3.29-acre lot with significant land value, located on the bustling Reisterstown Rd - a major thoroughfare with updated infrastructure and high traffic counts, ensuring a steady flow of potential customers and clients.
REMARKABLE DEVELOPMENT OPPORTUNITY: The excellent frontage offers high visibility and accessibility, while OR 2 Zoning allows for versatile use and development options, including professional offices, restaurants, banks, and residential units, making it ideal for developers looking to create a dynamic, multi-use space. Special exception uses permitted include hotels, health clubs, and parking structures…
EXCEPTIONAL INVESTMENT OPPORTUNITY: Prime LAND with busy street frontage offers long-term value growth, while existing houses provide steady rental income to cover the cost of the initial investment, ongoing expenses, and potential improvements, making it a well-rounded and sustainable asset.
All properties offered AS-IS. Buyer to verify all specifics.
Two houses (11015 and 11021) are currently rented. The tenants are on flexible month-to-month leases with no past due rent and are open to signing a new long-term lease or can move out.
11015 house was rented for six years under a government program for disabled individuals, successfully passing all inspections and being fully licensed and registered for program participation.
11019: Renovation in progress, featuring a brand new AC/heat unit with a 3-year warranty, security cameras, and two electric meters.
11017: Ready for renovation with a stabilized foundation; dry, clean, and odor-free.
Convenient short proximity to FOUNDRY ROW shopping center and WEGMANS, TARGET, COSTCO, MILL STATION Shopping Center, MARRIOTT Owings Mills Metro Centre, STEVENSON University. Additionally, the nearby parks, diverse restaurants, shops, prestigious private schools, numerous new developments around, superb recreational and medical facilities make these properties highly attractive for potential residents or tenants.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,129
Year Built
- Built in 1960
Lot Details
- 0.76 Acre Lot
- Additional Parcels
- Property is zoned OR 2, Office Building - Residential
Home Design
- Traditional Architecture
- Permanent Foundation
Interior Spaces
- 936 Sq Ft Home
- Property has 3 Levels
- Basement
- Connecting Stairway
Bedrooms and Bathrooms
Parking
- Driveway
- Off-Street Parking
Accessible Home Design
- Level Entry For Accessibility
Utilities
- Cooling System Utilizes Natural Gas
- Central Heating
- 120/240V
- Natural Gas Water Heater
- Septic Tank
Community Details
- No Home Owners Association
- Pleasant Hills Subdivision
Listing and Financial Details
- Assessor Parcel Number 04040419071425
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,465 | $186,900 | $111,600 | $75,300 |
| 2024 | $2,465 | $181,267 | $0 | $0 |
| 2023 | $1,197 | $175,633 | $0 | $0 |
| 2022 | $2,295 | $170,000 | $111,600 | $58,400 |
| 2021 | $2,233 | $165,567 | $0 | $0 |
| 2020 | $2,233 | $161,133 | $0 | $0 |
| 2019 | $2,159 | $156,700 | $111,600 | $45,100 |
| 2018 | $2,141 | $156,700 | $111,600 | $45,100 |
| 2017 | $2,084 | $156,700 | $0 | $0 |
| 2016 | $2,411 | $187,900 | $0 | $0 |
| 2015 | $2,411 | $187,900 | $0 | $0 |
| 2014 | $2,411 | $187,900 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/25/2024 10/25/24 | For Sale | $424,990 | 0.0% | $454 / Sq Ft |
| 05/31/2017 05/31/17 | Rented | $1,500 | -3.2% | -- |
| 05/25/2017 05/25/17 | Under Contract | -- | -- | -- |
| 04/06/2017 04/06/17 | For Rent | $1,550 | 0.0% | -- |
| 11/03/2015 11/03/15 | Sold | $90,000 | -10.0% | $96 / Sq Ft |
| 09/03/2015 09/03/15 | Pending | -- | -- | -- |
| 08/10/2015 08/10/15 | For Sale | $100,000 | -- | $107 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Deed | $360,000 | Attorney | |
| Deed | $23,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $180,000 | Purchase Money Mortgage |
Source: Bright MLS
MLS Number: MDBC2110752
APN: 04-0419071425
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