NOT LISTED FOR SALE

1425 W Ostend St Baltimore, MD 21223

Pigtown Neighborhood

Estimated Value: $235,572

0.45 Acre
$523,493 Price per Acre
19,602 Sq Ft Lot

Last Sold December 21, 2023

Last sale price $216,675

Est. 9% increase in value since last sale

Current estimated payment $1,304/month

33 Days on Market

About This Lot

As of December 2023

Online auction to be conducted on Auctioneers website! Online registration and bidding begins Thursday, November 2nd and ends Tuesday, November 7, 2023 at 12:30PM. Great Investment Opportunity to purchase .446+/- acres (according to SDAT) of Unimproved Land in the "Washington Village/Pigtown" Neighborhood. Per the Seller: "r-8 zoning permits the by-right development of a 25-unit apartment building or subdivided into 12 lots for townhouses." This is for informational purposes only. You need to do your own due-diligence, including contacting the Baltimore City Department of Planning to discuss the potential opportunities for this R-8 zoned property. We suggest that you contact the Baltimore City Department of Planning to discuss the potential opportunities for this R-8 zoned property. Location: The property has a convenient location near dining, shopping, schools, recreational facilities, and access to transportation routes. The property is located in close proximity to Oriole Park at Camden Yards & M&T Bank Stadium, Downtown Baltimore, Inner Harbor, University of Maryland at Baltimore, Hollins Market, Lexington Market and much more. Zoning: R-8. Per the Baltimore City Department of Planning: Allows for single-family & semi-detached housing (21.7 units per acre), single family attached townhouses (39.6 units per acre) and multi-family housing (58 units per acre). Most of the neighborhoods surrounding downtown are zoned R-8.

Last Agent to Sell the Property

Larry Cooper

(410) 977-4708 Larry@alexcooper.com Alex Cooper Auctioneers, Inc. Listed on: 10/05/2023

Last Buyer's Agent

Larry Cooper

(410) 977-4708 Larry@alexcooper.com Alex Cooper Auctioneers, Inc. Listed on: 10/05/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $460

Lot Details

  • 0.45 Acre Lot
  • Property is zoned R-8

Community Details

  • No Home Owners Association
  • Pigtown Historic District Subdivision

Listing and Financial Details

  • Tax Lot 042
  • Assessor Parcel Number 0321040266B042

Property Details

Property Type

Land

Est. Annual Taxes

$460

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Automatically Close On Close Date: No
  • Special Features: Auction
  • Stories: 0

Interior Features

  • Price Per Sq Ft: 3.86

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.45
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19427.00
  • Zoning: R-8
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 460.00
  • Assessor Parcel Number: 0321040266B042
  • Tax Lot: 042
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2023
Closed on
Dec 21, 2023
Sold by
Stax Charm City Llc
Bought by
Zamani Arzhang
Seller's Agent
Larry Cooper
Alex Cooper Auctioneers, Inc.
Buyer's Agent
Larry Cooper
Alex Cooper Auctioneers, Inc.
List Price
$75,000
Sold Price
$216,675
Premium/Discount to List
$141,675
188.9%
Views
46
Current Estimated Value
$235,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,897
Avg. Annual Appreciation
4.38%

Purchase Details

Listed on
Apr 12, 2022
Closed on
Jun 2, 2022
Sold by
Ostend Investments Llc
Bought by
Stax Charm City Llc
Seller's Agent
Adam Shpritz
Ashland Auction Group LLC
Buyer's Agent
Adam Shpritz
Ashland Auction Group LLC
List Price
$15,000
Sold Price
$63,000
Premium/Discount to List
$48,000
320%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
121.88%

Purchase Details

Closed on
Sep 28, 2021
Sold by
Raymond Henry J
Bought by
Ostend Investments Llc

Purchase Details

Closed on
Jul 1, 2015
Sold by
Amjm Limited Partnership
Bought by
West Ostend Development Partnership Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2011
Sold by
Ira Tax Certificates Limited
Bought by
Amjm Limited Partnership

Purchase Details

Closed on
Aug 10, 2006
Sold by
Per Suit Llc
Bought by
Ira Tax Certificates Limited

Purchase Details

Closed on
Jul 31, 2006
Sold by
Per Suit Llc
Bought by
Ira Tax Certificates Limited and Partnership
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
Zamani Arzhang $216,675 Freestate Title Consultants
Zamani Arzhang $216,675 Freestate Title Consultants
Stax Charm City Llc $63,000 District Title
Stax Charm City Llc $63,000 District Title
Ostend Investments Llc $1,193 Tochterman Allen C
Ostend Investments Llc $1,193 Tochterman Allen C
West Ostend Development Partnership Llc $18,000 Attorney
Amjm Limited Partnership $19,500 --
Amjm Limited Partnership $19,500 --
Ira Tax Certificates Limited $19,500 --
Ira Tax Certificates Limited $19,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner West Ostend Development Partnership Llc $18,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/21/2023 12/21/23 Sold $216,675 +188.9% --
11/07/2023 11/07/23 Pending -- -- --
10/05/2023 10/05/23 For Sale $75,000 +19.0% --
06/02/2022 06/02/22 Sold $63,000 +320.0% -- View Prior Sale
05/06/2022 05/06/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $15,000 -- --
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 $762 $45,367 -- --
2024 $762 $32,433 $0 $0
2023 $458 $19,500 $19,400 $100
2022 $460 $19,500 $19,400 $100
2021 $460 $19,500 $19,400 $100
2020 $460 $19,500 $19,400 $100
2019 $458 $19,500 $19,400 $100
2018 $460 $19,500 $19,400 $100
2017 $460 $19,500 $0 $0
2016 -- $19,500 $0 $0
2015 -- $19,500 $0 $0
2014 -- $19,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Larry Cooper

    Seller's Agent in 2023

    Larry Cooper

    Alex Cooper Auctioneers, Inc.

    (410) 977-4708

    10 in this area

    501 Total Sales

    Larry Cooper
    Section Image
  • Adam Shpritz

    Seller's Agent in 2022

    Adam Shpritz

    Ashland Auction Group LLC

    (410) 365-3595

    28 in this area

    3,911 Total Sales

    Adam Shpritz
    Section Image
  • Lee Shpritz

    Seller Co-Listing Agent in 2022

    Lee Shpritz

    Ashland Auction Group LLC

    (410) 488-3124

    28 in this area

    3,809 Total Sales

    Lee Shpritz
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA2101526

Bright MLS

APN: 0266B-042

Maryland Baltimore City County Baltimore 21223 Pigtown

1425 W Ostend St, Baltimore, MD

Not Listed for Sale

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