NOT LISTED FOR SALE

1403 Park Ave Baltimore, MD 21217

Bolton Hill Neighborhood

Estimated Value: $704,000 - $844,000

Studio
4 Baths
5,000 Sq Ft
$158/Sq Ft Est. Value

Last Sold December 18, 2018

Last sale price $500,000 $100 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,000/month

138 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Porch
  • Space For Rooms
  • 2 Car Detached Garage
  • 4-minute walk to Mosher Street Park

About This Home

As of December 2018

ALL OFFERS CONSIDERED! Massive 3 Unit Townhouse w/2 Car Garage, Huge Decks and Large Yard. Perfect for an investor or owner occupant looking to off-set their monthly mortgage with easy rental income. 1st & LL (vacant) is the largest unit with amazing original details on main level, soaring ceilings and mantels. 2nd Fl (occupied) & 1st & 3rd Fl (vacant). Sold As-IS but in move in condition.

Last Agent to Sell the Property

Jessica Dailey

(410) 886-7342 jessica.dailey@compass.com Compass License #600667 Listed on: 07/09/2018

Compass

Co-Listed By

Suzanne Ludwig

(410) 823-0033 realtor@cummingsrealtors.com Cummings & Co. Realtors

Last Buyer's Agent

Deresse Harris

(703) 658-3999 ikonrealty.dmv@gmail.com DMV Realty, INC.

DMV Realty, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,670

Year Built

  • Built in 1880

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,000 Sq Ft Home
  • Fireplace Mantel
  • Wood Flooring
  • Stove

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Rear Basement Entry
  • Space For Rooms
  • Basement Windows

Utilities

  • Radiator
  • Natural Gas Water Heater

Additional Features

  • Porch
  • Historic Home

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, real estate taxes, repairs
  • Tax Lot 002
  • Assessor Parcel Number 0314010383 002

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Bolton Hill Historic District Subdivision

Building Details

  • Operating Expense $17,975
  • Net Operating Income $50,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,670

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Historic: Yes
  • New Construction: No
  • Expected On Market: 2018-07-09
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Washer, Water Heater, Stove, Refrigerator
  • Interior Amenities: Wood Floors
  • Fireplace Features: Mantel(s)
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Connecting Stairway, Rear Entrance, Fully Finished, Full, Heated, Improved, Space For Rooms, Walkout Level, Windows
  • Total Sq Ft: 5000
  • Living Area Sq Ft: 5000
  • Price Per Sq Ft: 99.80
  • Above Grade Finished Sq Ft: 5000
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: 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
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Porch(es)
  • Zoning: 0R070
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Lease Term: 12 Months
  • Owner Pays: Advertising/Licenses And Permits, Taxes - Real Estate, Repairs
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9670.50
  • Assessor Parcel Number: 0314010383 002
  • Tax Lot: 002
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

Multi Family

  • Gross Income: 67200.00
  • Operating Expense: 17975.00
  • Vacancy Allowance Rate: 66.66

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2018
Closed on
Dec 18, 2018
Sold by
Smith Nancy C
Bought by
Garedew Solomon
Seller's Agent
Jessica Dailey
Compass
Buyer's Agent
Deresse Harris
DMV Realty, INC.
List Price
$595,000
Sold Price
$500,000
Premium/Discount to List
-$95,000
-15.97%
Current Estimated Value
$787,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,984
Avg. Annual Appreciation
6.61%
Original Mortgage
$490,943
Outstanding Balance
$432,531
Interest Rate
4.8%
Mortgage Type
FHA
Estimated Equity
$355,453

Purchase Details

Closed on
May 16, 2001
Sold by
Smith Ii Walter B
Bought by
Smith Nancy C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Garedew Solomon $500,000 None Available
Smith Nancy C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garedew Solomon $490,943
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2018 12/18/18 Sold $500,000 +0.2% $100 / Sq Ft
11/25/2018 11/25/18 Pending -- -- --
10/15/2018 10/15/18 Price Changed $499,000 -16.1% $100 / Sq Ft
10/10/2018 10/10/18 For Sale $595,000 0.0% $119 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
10/06/2018 10/06/18 For Sale $595,000 0.0% $119 / Sq Ft
09/30/2018 09/30/18 Pending -- -- --
08/30/2018 08/30/18 Price Changed $595,000 -4.8% $119 / Sq Ft
07/09/2018 07/09/18 For Sale $625,000 -- $125 / 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
2025 $10,846 $672,200 $100,000 $572,200
2024 $10,846 $619,400 -- --
2023 $11,874 $566,600 $0 $0
2022 $10,238 $513,800 $100,000 $413,800
2021 $11,308 $479,167 $0 $0
2020 $10,491 $444,533 $0 $0
2019 $9,628 $409,900 $100,000 $309,900
2018 $9,672 $409,833 $0 $0
2017 $9,671 $409,767 $0 $0
2016 $9,520 $409,700 $0 $0
2015 $9,520 $407,100 $0 $0
2014 $9,520 $404,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jessica Dailey

    Seller's Agent in 2018

    Jessica Dailey

    Compass

    (443) 838-8204

    63 in this area

    278 Total Sales

    Jessica Dailey
    Section Image
  • Suzanne Ludwig

    Seller Co-Listing Agent in 2018

    Suzanne Ludwig

    Cummings & Co Realtors

    (410) 207-5900

    4 in this area

    22 Total Sales

    Suzanne Ludwig
    Section Image

  • D

    Buyer's Agent in 2018

    Deresse Harris

    DMV Realty, INC.

    (703) 564-4000

    98 Total Sales

    Deresse Harris
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001985180

Bright MLS

APN: 0383-002

Maryland Baltimore City County Baltimore 21217 Bolton Hill

1403 Park Ave, Baltimore, MD

Not Listed for Sale

MultiFamily

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