Seller's Agent in 2024
Sam Odagbodo
Bennett Realty Solutions
(301) 823-5937
2 in this area
43 Total Sales
1422 Madison Ave Baltimore, MD 21217
Madison Park NeighborhoodEstimated Value: $562,752 - $683,000
Studio
--
Bath
4,053
Sq Ft
$154/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Wood Frame Window
- Luxury Vinyl Plank Tile Flooring
- Traditional Architecture
- Exterior Cameras
- 5-minute walk to Mosher Street Park
About This Home
As of April 2024Discover this beautifully renovated four-level building nestled in the historic and character-rich Madison Park Community. This property offers a unique investment opportunity with room for expansion in the basement and parking for two vehicles at the rear.
The building features a diverse range of apartments, each boasting its own charm and modern amenities and separately metered. On the third floor, find a spacious three-bedroom, two-bathroom unit, while the second floor a two-bedroom, two-bathroom apartment. The first floor offers a two-bedroom unit with 2.5 bathrooms. Each apartment is graced with high ceilings, large windows, and captivating streetscape views, enhancing with each level.
Additional features include modern laminated wood-finished flooring, light-filled living and dining areas, sizeable bedrooms, ample closet space, and central heating. The first-floor apartment is currently rented for $1,400 monthly, and the third floor for $1,500, with all tenants up-to-date on payments. The second-floor apartment is vacant, presenting an immediate move-in opportunity – perfect for house hackers or investors seeking to capitalize on an annual estimated cash flow of $51,600 from all three units.
Located just minutes from the metro station, Mondawmin Mall, Maryland Zoo, Druid Hill Park, and downtown attractions like stadiums, restaurants, and shopping centers, this building offers both convenience and lifestyle. Professionally managed by RIC Property Management, it also holds active lead certifications and rental licenses for each unit, ensuring a hassle-free investment.
Last Agent to Sell the Property
(301) 823-5937 samuel@richometeam.com Bennett Realty Solutions License #66846106 Listed on: 01/16/2024
Co-Listed By
(301) 823-5945 danielle@richometeam.com Bennett Realty Solutions License #SP98375005
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,088
Year Built
- Built in 1920 | Remodeled in 2022
Lot Details
- 2,552 Sq Ft Lot
- Historic Home
- Property is in excellent condition
Home Design
- Triplex
- Traditional Architecture
- Brick Exterior Construction
- Brick Foundation
- Block Foundation
- Asphalt Roof
Interior Spaces
- Open Floorplan
- Ceiling height of 9 feet or more
- Wood Frame Window
- Luxury Vinyl Plank Tile Flooring
- Stove
- Unfinished Basement
Laundry
- Dryer
- Washer
Home Security
- Exterior Cameras
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
Utilities
- Cooling System Utilizes Natural Gas
- Window Unit Cooling System
- Forced Air Heating System
- 100 Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 012
- Assessor Parcel Number 0314120378 012
Community Details
Overview
- Madison Park Historic District Subdivision
Building Details
- 1 Vacant Unit
- Income includes parking
- Gross Income $51,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 16, 2024
Closed on
Apr 17, 2024
Sold by
Thompson Raheme Jamiah
Bought by
Carrington Raquell
Seller's Agent
Sam Odagbodo
Bennett Realty Solutions
Buyer's Agent
Amber Bingham
Keller Williams Preferred Properties
List Price
$600,000
Sold Price
$545,000
Premium/Discount to List
-$55,000
-9.17%
Views
67
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,876
Avg. Annual Appreciation
7.79%
Original Mortgage
$526,810
Interest Rate
5.75%
Mortgage Type
FHA
Purchase Details
Listed on
May 7, 2019
Closed on
Nov 27, 2019
Sold by
Bts 2016 Llc
Bought by
Thompson Raheme Jamiah
Seller's Agent
Robert Griffin
Reliance Realty, LLC
Buyer's Agent
Victor del Villar
Samson Properties
List Price
$279,900
Sold Price
$279,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.39%
Original Mortgage
$274,829
Interest Rate
3.62%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 7, 2018
Sold by
Na
Bought by
Bts 2016 Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Carrington Raquell | $545,000 | Prime Title | |
| Thompson Raheme Jamiah | $279,900 | Aspen Re Settlements Inc | |
| Bts 2016 Llc | $38,482 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Carrington Raquell | $526,810 | |
| Previous Owner | Thompson Raheme Jamiah | $274,829 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/17/2024 04/17/24 | Sold | $545,000 | -5.2% | $134 / Sq Ft | |
| 03/06/2024 03/06/24 | Pending | -- | -- | -- | |
| 03/01/2024 03/01/24 | Price Changed | $575,000 | -2.5% | $142 / Sq Ft | |
| 02/18/2024 02/18/24 | Price Changed | $590,000 | -1.7% | $146 / Sq Ft | |
| 01/16/2024 01/16/24 | For Sale | $600,000 | +114.4% | $148 / Sq Ft | |
| 11/27/2019 11/27/19 | Sold | $279,900 | 0.0% | -- | View Prior Sale |
| 07/30/2019 07/30/19 | Pending | -- | -- | -- | |
| 07/15/2019 07/15/19 | For Sale | $279,900 | 0.0% | -- | |
| 05/10/2019 05/10/19 | Pending | -- | -- | -- | |
| 05/07/2019 05/07/19 | For Sale | $279,900 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,507 | $125,000 | $30,000 | $95,000 |
| 2024 | $2,507 | $106,733 | -- | -- |
| 2023 | $2,088 | $88,467 | $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
-
Sam Odagbodo
-
Danielle Odagbodo
Seller Co-Listing Agent in 2024
Danielle Odagbodo
Bennett Realty Solutions
(301) 823-5945
2 in this area
35 Total Sales
-
Amber Bingham
Buyer's Agent in 2024
Amber Bingham
Keller Williams Preferred Properties
(240) 460-5383
1 in this area
67 Total Sales
-
Robert Griffin
R
Seller's Agent in 2019
Robert Griffin
Reliance Realty, LLC
(410) 322-2070
18 Total Sales
-
Victor del Villar
V
Buyer's Agent in 2019
Victor del Villar
Samson Properties
(301) 466-8966
30 Total Sales
Map
Source: Bright MLS
MLS Number: MDBA2111066
APN: 0378-012
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