NOT LISTED FOR SALE

Estimated Value: $444,309

Studio
-- Bath
3,010 Sq Ft
$148/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $475,000 $158 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,630/month

13 Days on Market

About This Home

As of May 2024

Welcome to 141 E North Ave, an exceptional investment prospect nestled in the vibrant and revitalized Station North neighborhood of Baltimore, Maryland. Priced at $425,000 this multi-family building comprises three fully occupied units, currently yielding a total rent of $3,711 monthly, while presenting the promising opportunity to reach market rents of $4,185. Boasting immediate income potential, this property is strategically positioned in a thriving locale, just minutes away from the bustling downtown Baltimore area.

Don’t overlook the chance to seize this sound investment, characterized by stable occupancy rates and the promise of lucrative returns in a neighborhood on the rise

PRIME LOCATION: Situated in Baltimore, the property is close to MICA, Johns Hopkins, and Baltimore University guaranteeing a steady demand for rentals in the vicinity.

With easy access to Penn Station, local job markets, and the I-83 highway, it’s a prime location for convenience and connectivity.

IMMEDIATE ROI: With tenants already in place, this property offers immediate investment potential, ensuring a favorable return on investment from day one.

HOUSE HACK POTENTIAL: Possibility of house hack, living in one of the units and renting the other two. With this approach, the homeowner lives rent-free.

CONVENIENT ACCESSIBILITY: Situated on a high-traffic road, the property ensures easy access to major highways such as HWY 40, 83, and 2, enhancing both visibility and convenience for residents.

LUXURIOUS INTERIORS: All units feature wood flooring, white cabinets, granite counters, modern stainless steel kitchen appliances, HVAC and washer and dryer in the unit.

Last Agent to Sell the Property

Mendel Dalfin

(410) 498-5408 menachemdalfin@gmail.com Midfield Realty Listed on: 03/25/2024

Last Buyer's Agent

Lindsay Chapman

(240) 644-4052 linzy10@gmail.com Keller Williams Capital Properties

Keller Williams Capital Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,993

Year Built

  • Built in 1900

Lot Details

  • 1,655

Home Design

Utilities

  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 020
  • Assessor Parcel Number 0312090390 020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,993

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Total Sq Ft: 4123
  • Living Area Sq Ft: 3010
  • Price Per Sq Ft: 157.81
  • Above Grade Finished Sq Ft: 3010
  • Below Grade Sq Ft: 1113
  • Total Below Grade Sq Ft: 1113
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Heating Type: Hot Water
  • Heating: Yes

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: OR-1*
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2993.00
  • Assessor Parcel Number: 0312090390 020
  • Tax Lot: 020
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2024
Closed on
May 3, 2024
Sold by
Mitzvos Llc
Bought by
Lim Mellisa
Seller's Agent
Mendel Dalfin
Midfield Realty
Buyer's Agent
Lindsay Chapman
Keller Williams Capital Properties
List Price
$499,999
Sold Price
$475,000
Premium/Discount to List
-$24,999
-5%
Views
116
Current Estimated Value
$444,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,691
Avg. Annual Appreciation
-3.85%
Original Mortgage
$283,000
Outstanding Balance
$279,282
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$165,027

Purchase Details

Listed on
Mar 25, 2024
Closed on
May 2, 2024
Sold by
Mitzvos Llc
Bought by
Lim Mellisa
Seller's Agent
Mendel Dalfin
Midfield Realty
Buyer's Agent
Lindsay Chapman
Keller Williams Capital Properties
List Price
$499,999
Sold Price
$475,000
Premium/Discount to List
-$24,999
-5%
Views
116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Outstanding Balance
$279,282
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$165,027

Purchase Details

Closed on
Aug 13, 2018
Sold by
Rice Jo Ann and Rice Joann
Bought by
Mitzvos Llc
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
Lim Mellisa $475,000 Sage Title
Lim Mellisa $475,000 Sage Title
Mitzvos Llc $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Mellisa $283,000
Closed Lim Mellisa $283,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2024 05/03/24 Sold $475,000 0.0% $158 / Sq Ft
04/10/2024 04/10/24 Price Changed $475,000 +11.8% $158 / Sq Ft
04/07/2024 04/07/24 Pending -- -- --
03/26/2024 03/26/24 Price Changed $425,000 -15.0% $141 / Sq Ft
03/25/2024 03/25/24 For Sale $499,999 -- $166 / 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 $3,666 $185,300 $66,600 $118,700
2024 $3,666 $156,067 -- --
2023 $2,993 $126,833 $0 $0
2022 $2,303 $97,600 $66,600 $31,000
2021 $2,167 $91,833 $0 $0
2020 $2,031 $86,067 $0 $0
2019 $1,886 $80,300 $66,600 $13,700
2018 $1,895 $80,300 $66,600 $13,700
2017 $1,895 $80,300 $0 $0
2016 $2,767 $119,000 $0 $0
2015 $2,767 $118,400 $0 $0
2014 $2,767 $117,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2119072

Bright MLS

APN: 0390-020