NOT LISTED FOR SALE

Estimated Value: $415,048 - $441,000

Studio
-- Bath
2,800 Sq Ft
$153/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $375,000 $134 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,586/month

29 Days on Market

Highlights

  • Federal Architecture
  • Combination Kitchen and Living
  • Ceiling height of 9 feet or more
  • Traditional Floor Plan
  • Intercom
  • 5-minute walk to Robert C. Marshall Park

About This Home

As of June 2023

Price drop! Money making 3 unit multi-family ready for investors or owner occupant. Collect rent and live in the rent ready unit! This building has been professionally managed for several years and out of state owner is selling local property. All records of repairs and rent rolls are available. This is a positive cash flow unit. Rents can be raised to higher market rent. 3 units with 4th unit possible in the basement. This building has 4 levels with 3 apartments . There are two 3br $980, $1100 and one 2 bedroom apartment $900. Each unit has 1 bathroom. Tenants have been long term.The building has a large basement with common laundry and storage. Basement can be turned into 4th apartment. Units have separate utilities and gas heat, all have updated kitchen and bathrooms. . Parking in rear or street. 1st and 2nd floor have gas forced air heat , 3rd floor has elec heat and own meter. Building has two great tenants that have been there for several years. One unit is vacant and ready for rent. Rental rate is slightly below current market rate. Slight increases would increase overall income. McCulloh St is a beautiful, quiet, tree lined street in the Marble Hill historic district, one block from Bolton Hill. Tenants pay monthly rent and all of their own utilities. Landlord pays water bill and common area electricity for the entrance and laundry room. Market rate rent for 1b is $1k, $1350 for a 3br. The numbers work!

Last Agent to Sell the Property

Valerie Riggs

(443) 574-1600 mdaniels@kw.com The KW Collective License #642189 Listed on: 04/25/2023

The KW Collective

Last Buyer's Agent

Valerie Riggs

(443) 574-1600 mdaniels@kw.com The KW Collective License #642189 Listed on: 04/25/2023

The KW Collective

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,657

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Historic Home
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Federal Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Plaster Walls

Interior Spaces

  • 2,800 Sq Ft Home
  • Traditional Floor Plan
  • Ceiling height of 9 feet or more
  • Combination Kitchen and Living
  • Finished Basement
  • Exterior Basement Entry
  • Intercom
  • Gas Dryer

Kitchen

  • Electric Oven or Range
  • Dishwasher

Schools

  • Mount Royal Elementary-Middle School
  • Booker T. Washington Middle School
  • Patterson High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Back Up Gas Heat Pump System
  • 60 Gallon+ Water Heater

Listing and Financial Details

  • The owner pays for water, real estate taxes, trash collection, snow removal, common area maintenance
  • Tax Lot 006
  • Assessor Parcel Number 0314120377 006

Community Details

Overview

  • 3 Units
  • 4-Story Building
  • Marble Hill Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,657

Year Built

Built in 1920

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • Historic: Yes
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Dryer - Gas, Oven - Single, Oven/Range - Electric, Water Heater, Intercom
  • Interior Amenities: Combination Kitchen/Living, Floor Plan - Traditional
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall, Plaster Walls
  • Foundation Details: Slab
  • Basement: Yes
  • Basement Type: Fully Finished, Outside Entrance
  • Total Sq Ft: 2800
  • Living Area Sq Ft: 2800
  • Price Per Sq Ft: 139.25
  • Above Grade Finished Sq Ft: 2800
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: MOUNT ROYAL ELEMENTARY-MIDDLE SCHOOL
  • High School: PATTERSON
  • Middle Or Junior School: BOOKER T. WASHINGTON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 180000.00
  • Land Assessed Value: 60000.00
  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.40
  • Property Condition: Good, Very Good
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Water, Taxes - Real Estate, Trash Collection, Snow Removal, Common Area Maintenance
  • Rent Control: No
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12969731
  • Tax Annual Amount: 1657.00
  • Assessor Parcel Number: 0314120377 006
  • Tax Lot: 006
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 1

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
Jun 23, 2023
Sold by
Lewis Property Management Llc
Bought by
Bethea Canaan Alexander and Bethea Alexander
Seller's Agent
Valerie Riggs
The KW Collective
Buyer's Agent
Valerie Riggs
The KW Collective
List Price
$399,900
Sold Price
$375,000
Premium/Discount to List
-$24,900
-6.23%
Views
72
Current Estimated Value
$428,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,024
Avg. Annual Appreciation
4.93%
Original Mortgage
$368,207
Outstanding Balance
$359,059
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$68,965

Purchase Details

Listed on
Oct 7, 2019
Closed on
Feb 14, 2020
Sold by
Baquol Dolores A and Baquol Kenneth
Bought by
Lewis Property Management Llc
Seller's Agent
Ruben Gaimaro
The KW Collective
Buyer's Agent
Valerie Riggs
The KW Collective
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.18%
Original Mortgage
$202,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2006
Sold by
Baquol Dolores A
Bought by
Fortune Finance Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2005
Sold by
Johnson Evelyn
Bought by
Fortune Finance Inc

Purchase Details

Closed on
Aug 3, 2004
Sold by
Southern Pacific Bank
Bought by
Johnson Evelyn

Purchase Details

Closed on
Jan 2, 2002
Sold by
Conrad Wilbert H
Bought by
Southern Pacific Bank

Purchase Details

Closed on
Jan 19, 1999
Sold by
Aston Hilda V
Bought by
Conrad Wilbert H and Conrad Wilbert H

Purchase Details

Closed on
Mar 7, 1997
Sold by
Mrs Bennett'S House Inc
Bought by
Community Development and Administration
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bethea Canaan Alexander $375,000 Universal Title
Bethea Canaan Alexander $375,000 Universal Title
Lewis Property Management Llc $270,000 Choice Settlement Group Llc
Fortune Finance Inc $21,000 --
Baquol Dolores A $21,000 --
Fortune Finance Inc $85,000 --
Johnson Evelyn $20,000 --
Southern Pacific Bank $42,000 --
Conrad Wilbert H $114,000 --
Conrad Wilbert H -- --
Community Development $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bethea Canaan Alexander $368,207
Closed Bethea Canaan Alexander $368,207
Previous Owner Lewis Property Management Llc $202,500
Previous Owner Baquol Dolores A $296,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2023 06/20/23 Sold $375,000 0.0% $134 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/13/2023 05/13/23 Off Market $375,000 -- --
05/09/2023 05/09/23 Price Changed $389,900 -2.5% $139 / Sq Ft
04/25/2023 04/25/23 For Sale $399,900 +48.1% $143 / Sq Ft
01/31/2020 01/31/20 Sold $270,000 -1.8% $54 / Sq Ft View Prior Sale
01/13/2020 01/13/20 For Sale $275,000 0.0% $55 / Sq Ft
11/05/2019 11/05/19 Pending -- -- --
10/07/2019 10/07/19 For Sale $275,000 -- $55 / 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 $4,308 $240,000 $60,000 $180,000
2024 $4,308 $183,400 -- --
2023 $2,978 $126,800 $0 $0
2022 $1,657 $70,200 $14,000 $56,200
2021 $1,576 $66,800 $0 $0
2020 $1,496 $63,400 $0 $0
2019 $1,409 $60,000 $12,000 $48,000
2018 $1,416 $60,000 $12,000 $48,000
2017 $1,416 $60,000 $0 $0
2016 $1,663 $70,200 $0 $0
2015 $1,663 $70,200 $0 $0
2014 $1,663 $70,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2083330

Bright MLS

APN: 0377-006

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