$375,000
SOLD APR 28, 2017
-- Bed
-- Bath
1,467 Sq Ft
1885 Built

Recently Sold

$256 Per Sq Ft

3% Below List Price

Highlights

  • Water Views
  • Stream or River on Lot
  • Cooling System Mounted In Outer Wall Opening
  • Water Oriented
  • No HOA
  • 1-minute walk to Henry Street Dog Park

About This Home

As of April 2017

1401 Riverside Ave is a two unit mixed-use asset located in the heart of Baltimore City. The upstairs 1 bedroom apartment was renovated in 2013, fitted with hardwood floors, granite counter tops, soft close cabinetry, stainless steel appliances, a new high efficiency HVAC system, and a two level roof deck. The first floor is a well performing Smoothy Bar.

Last Agent to Sell the Property

Tim Klempa

(508) 612-0094 tim@greaterbc.com Permira Realty, LLC Listed on: 10/31/2016

Last Buyer's Agent

Mitchell Toland

(443) 810-7925 mitchtoland@gmail.com Redfin Corp License #649470

Redfin Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,322

Year Built

  • Built in 1885

Parking

  • On-Street Parking

Property Views

  • Water Views

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Kitchen

  • Gas Oven or Range
  • Microwave

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Outdoor Features

  • Water Oriented
  • River Nearby
  • Stream or River on Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating and Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, repairs, real estate taxes
  • Tax Lot 001
  • Assessor Parcel Number 0324131930A001

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Riverside Subdivision

Building Details

  • Operating Expense $10,522
  • Net Operating Income $30,278

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,322

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1885
  • Remarks Public: 1401 Riverside Ave is a two unit mixed-use asset located in the heart of Baltimore City. The upstairs 1 bedroom apartment was renovated in 2013, fitted with hardwood floors, granite counter tops, soft close cabinetry, stainless steel appliances, a new high efficiency HVAC system, and a two level roof deck. The first floor is a well performing Smoothy Bar.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer - Front Loading, Microwave, Oven/Range - Gas, Refrigerator, Washer - Front Loading
  • Fireplace: No
  • Basement: No
  • Price Per Sq Ft: 262.44
  • Street Number Modifier: 1401

Exterior Features

  • Construction Materials: Brick
  • Roof: Rubber
  • View: Water
  • View: Yes
  • Water Access: No
  • Water Body Name: PATAPSCO RIVER
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Wall Unit
  • Cooling: Yes
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Forced Air, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • School District Key: 121137830454

Lot Info

  • Improvement Assessed Value: 223500.00
  • Land Assessed Value: 120000.00
  • Property Attached Yn: Yes
  • Year Assessed: 2016
  • Zoning: 8
  • In City Limits: Yes

Rental Info

  • Owner Pays: Insurance, Repairs, Taxes - Real Estate
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13031027
  • Tax Annual Amount: 7321.50
  • Assessor Parcel Number: 0324131930A001
  • Tax Lot: 001
  • Tax Total Finished Sq Ft: 1467
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 04/28/2017

Multi Family

  • Dock Slip Conveyance: None Available
  • Gross Income: 40800.00
  • Operating Expense: 10522.00
  • Single Room Units Count: 1

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2016
Closed on
Apr 28, 2017
Sold by
Mckelvey Daniel Lewis and Quynn Sarah Rebecca
Bought by
Sanchez Milcides
Seller's Agent
Tim Klempa
Permira Realty, LLC
Buyer's Agent
Mitchell Toland
Redfin Corp
List Price
$385,000
Sold Price
$375,000
Premium/Discount to List
-$10,000
-2.6%
Current Estimated Value
$384,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,907
Avg. Annual Appreciation
-0.15%

Purchase Details

Listed on
Feb 6, 2014
Closed on
Jul 16, 2014
Sold by
Luu Katie
Bought by
Mckelvey Daniel Lewis and Quynn Sarah Rebecca
Seller's Agent
Joshua Rosati
Keller Williams Excellence
Buyer's Agent
Joshua Rosati
Keller Williams Excellence
List Price
$364,000
Sold Price
$360,000
Premium/Discount to List
-$4,000
-1.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.47%
Original Mortgage
$392,102
Interest Rate
4.18%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 15, 2012
Sold by
Reitz Paul and Reitz Dorothy L
Bought by
Luu Katie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Warranty Deed $375,000 Titlevest Agency Llc
Deed $360,000 Definitive Title Llc
Deed $230,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $392,102 FHA
Previous Owner $184,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Rented $1,499 0.0% --
12/08/2021 12/08/21 Under Contract -- -- --
12/02/2021 12/02/21 For Rent $1,499 0.0% --
04/30/2019 04/30/19 Rented $1,499 0.0% --
04/29/2019 04/29/19 Off Market $1,499 -- --
04/16/2019 04/16/19 Price Changed $1,499 -3.3% $1 / Sq Ft
04/10/2019 04/10/19 For Rent $1,550 0.0% --
04/28/2017 04/28/17 Sold $375,000 -2.6% $256 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
03/28/2017 03/28/17 Price Changed $385,000 0.0% $262 / Sq Ft
03/28/2017 03/28/17 For Sale $385,000 -3.7% $262 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
11/04/2016 11/04/16 Price Changed $399,900 -3.6% $273 / Sq Ft
10/31/2016 10/31/16 For Sale $415,000 +15.3% $283 / Sq Ft
07/16/2014 07/16/14 Sold $360,000 -1.1% $245 / Sq Ft
04/19/2014 04/19/14 Pending -- -- --
02/06/2014 02/06/14 For Sale $364,000 -- $248 / 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 $6,898 $301,633 -- --
2024 $6,898 $293,667 $0 $0
2023 $6,710 $285,700 $120,000 $165,700
2022 $6,743 $285,700 $120,000 $165,700
2021 $6,743 $285,700 $120,000 $165,700
2020 $7,836 $360,900 $120,000 $240,900
2019 $7,660 $355,100 $0 $0
2018 $7,641 $349,300 $0 $0
2017 $7,619 $343,500 $0 $0
2016 $2,764 $310,233 $0 $0
2015 $2,764 $276,967 $0 $0
2014 $2,764 $243,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001158875

Bright MLS

APN: 1930A-001