NOT LISTED FOR SALE

11921 Tarragon Rd Unit I Reisterstown, MD 21136

Estimated Value: $107,787 - $122,000

1 Bed
1 Bath
747 Sq Ft
$206/mo HOA Fee

Last Sold February 11, 2022

Last sale price $95,000 $127 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $946/month

6 Days on Market

Highlights

  • Open Floorplan
  • Bamboo Flooring
  • Stainless Steel Appliances
  • Traditional Architecture
  • 1 Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of February 2022

INVESTOR ALERT! Unique opportunity to stay in Baltimore County and own a turn key rental in Reisterstown for under $100,000! Property is already leased for $1,100/mo to qualified tenants with existing lease in place through June 2022! Fantastic, desirable location with convenient access to I-795, bus routes, subway system, shopping and dining! Parking lots were recently redone from the ground up. Property was recently renovated opening up the kitchen to fit desirable full-sized stainless steel appliances that similar units simply cannot accommodate; result is an OPEN FLOOR PLAN not seen in the other units within this development! Property boasts bamboo flooring and has a modern farmhouse aesthetic. Features include a stainless steel ethanol fireplace with stone surround built into elegant paneled wall with reclaimed oak mantel. Unit also features a unique mudroom space with built-in closet, coat hooks, bench seat, and additional storage. Wall to wall carpet in the bedroom less than 2 years old.
Included for download is an "Investment Property Income and Expense Budget" to help with your analysis of the home as an investment. Cap Rate: 8.03%, Debt Coverage Ratio (DCR): 1.86, ROI from cash flow: 14.86%, GRM: 6.63.

Last Agent to Sell the Property

Chris Robertson

(443) 904-6759 chris@cwrobertson.com GVO Realty, LLC Listed on: 01/07/2022

GVO Realty, LLC

Last Buyer's Agent

Rose Ella Pich

(410) 531-5909 roseella.pich@lnf.com Long & Foster Real Estate, Inc. License #25523

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,339

Lot Details

  • 1 Common Wall
  • Property is in excellent condition

HOA Fees

  • $206 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Architectural Shingle Roof

Interior Spaces

  • 747 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • 1 Fireplace
  • Window Treatments
  • Flood Lights
  • Laundry on lower level

Kitchen

  • Gas Oven or Range
  • Stainless Steel Appliances

Flooring

  • Bamboo
  • Carpet

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04042100013541

Community Details

Overview

  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, trash, lawn maintenance, management
  • Building Winterized
  • Low-Rise Condominium
  • Gardens At Ownings Mills I Condos
  • Gardens At Owings Mills Subdivision
  • Property Manager

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,339

Lot Details

0

HOA Fees

$206 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Stainless Steel Appliances, Oven/Range - Gas
  • Entry Floor: 2
  • Flooring Type: Bamboo, Carpet
  • Interior Amenities: Floor Plan - Open, Window Treatments
  • Fireplace Features: Other
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Lower Floor
  • Total Sq Ft: 747
  • Living Area Sq Ft: 747
  • Price Per Sq Ft: 122.49
  • Above Grade Finished Sq Ft: 747
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights, Gutter System, Flood Lights
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available
  • Water Source: Public
  • Internet Services: Cable, Fiber Optic

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 206.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Gardens at Ownings Mills I
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Trash, Lawn Maintenance, Management
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 30000.00
  • Land Assessed Value: 18000.00
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Total Actual Rent: 13800.00
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 11751120
  • Tax Annual Amount: 1339.00
  • Assessor Parcel Number: 04042100013541
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: BALTIMORE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2015
Sold by
Sunmonu Kolawole K
Bought by
Jackson Albert
Current Estimated Value
$117,447

Purchase Details

Closed on
Jun 29, 2007
Sold by
Sunmonu Kolawole K
Bought by
Jones Dinah Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Interest Rate
6.23%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 19, 2007
Sold by
Sunmonu Kolawole K
Bought by
Jones Dinah Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2004
Sold by
Hartley Barry M
Bought by
Sunmonu Kolawole K

Purchase Details

Closed on
Dec 14, 1990
Sold by
Northwest Proper Ties Co
Bought by
Hartley Barry M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jackson Albert $28,000 Micasa Title Group Llc
Jones Dinah Marie $110,000 --
Jones Dinah Marie $110,000 --
Sunmonu Kolawole K $49,000 --
Hartley Barry M $57,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Dinah Marie $22,000
Previous Owner Jones Dinah Marie $88,000
Previous Owner Jones Dinah Marie $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2022 02/11/22 Sold $95,000 +3.8% $127 / Sq Ft
01/13/2022 01/13/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $91,500 +72.6% $122 / Sq Ft
11/05/2015 11/05/15 Sold $53,000 -1.9% $71 / Sq Ft View Prior Sale
10/01/2015 10/01/15 Pending -- -- --
09/16/2015 09/16/15 For Sale $54,000 -- $72 / 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 $1,485 $66,000 -- --
2024 $1,485 $51,500 $18,000 $33,500
2023 $718 $50,333 $0 $0
2022 $1,381 $49,167 $0 $0
2021 $2,495 $48,000 $18,000 $30,000
2020 $582 $48,000 $18,000 $30,000
2019 $582 $48,000 $18,000 $30,000
2018 $1,283 $48,000 $18,000 $30,000
2017 $1,115 $46,000 $0 $0
2016 -- $44,000 $0 $0
2015 $1,271 $42,000 $0 $0
2014 $1,271 $42,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBC2021244

Bright MLS

APN: 04-2100013541