NOT LISTED FOR SALE

Estimated Value: $155,055 - $173,000

-- Bed
4 Baths
1,952 Sq Ft
$84/Sq Ft Est. Value

Last Sold October 17, 2024

Last sale price $150,000 $77 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $948/month

32 Days on Market

About This Home

As of October 2024

Welcome to 1508 Olmstead St, a diamond in the rough with a view! This property offers a prime opportunity for an investor looking for their next flip or someone ready to remodel and create their dream home.

With a solid structure and endless potential, this home is ready for a transformation. Imagine enjoying the beautiful bay views from your front yard while designing your perfect living space. Whether you're envisioning a modern, open-concept layout or a cozy, traditional retreat, this property can become something truly special.

Conveniently located just minutes from major highways, downtown Baltimore, and an Amazon warehouse, this property is in a growing neighborhood with plenty of potential. The proximity to the Amazon distribution center makes it an ideal location for employees seeking an easy commute.

With the right vision and work, 1508 Olmstead St could be transformed into a stunning home, making it a fantastic investment for both seasoned flippers and those looking for a rewarding project to call their own.

Bring your creativity and toolbelt, and turn this fixer-upper with a view into something extraordinary! Schedule your showing today and imagine the possibilities!

Last Agent to Sell the Property

Randell Dofat

(301) 861-6853 randell.dofat@longandfoster.com EXP Realty, LLC Listed on: 08/19/2024

EXP Realty, LLC

Last Buyer's Agent

Cheyanne Lascola

(443) 381-6086 cheyanne@garnerandco.com Cummings & Co. Realtors License #5017871

Cummings & Co. Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $708

Year Built

  • Built in 1927

Lot Details

  • 6,000 Sq Ft Lot
  • Ground Rent of $120 per year

Parking

  • Driveway

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • Basement
  • Exterior Basement Entry

Utilities

  • Radiator
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 005
  • Assessor Parcel Number 0325087230 005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$708

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Ground Rent
  • New Construction: No
  • Year Built: 1927
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Total Sq Ft: 2928
  • Living Area Sq Ft: 1952
  • Price Per Sq Ft: 89.65
  • Above Grade Finished Sq Ft: 1952
  • Below Grade Sq Ft: 976
  • Total Below Grade Sq Ft: 976
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6000.00
  • Zoning: R-6
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 120.00
  • Ground Rent Pymnt Freq: Annually
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 708.00
  • Assessor Parcel Number: 0325087230 005
  • Tax Lot: 005
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Oct 16, 2024
Sold by
Williams Diana
Bought by
Myo Temp Services Llc
Seller's Agent
Randell Dofat
EXP Realty, LLC
Buyer's Agent
Cheyanne Lascola
Cummings & Co. Realtors
List Price
$175,000
Sold Price
$150,000
Premium/Discount to List
-$25,000
-14.29%
Views
82
Current Estimated Value
$164,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,028
Avg. Annual Appreciation
8.31%
Original Mortgage
$112,500
Outstanding Balance
$111,265
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$52,763

Purchase Details

Closed on
Feb 2, 2023
Sold by
Nbs Inc A
Bought by
Ss-1 Llc and Best Investments Inc
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
Myo Temp Services Llc $150,000 None Listed On Document
Myo Temp Services Llc $150,000 None Listed On Document
Ss-1 Llc $33,909 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Myo Temp Services Llc $112,500
Closed Myo Temp Services Llc $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2024 10/17/24 Sold $150,000 0.0% $77 / Sq Ft
10/17/2024 10/17/24 Sold $150,000 -14.3% $77 / Sq Ft View Prior Sale
08/19/2024 08/19/24 For Sale $175,000 0.0% $90 / Sq Ft
08/16/2024 08/16/24 For Sale $175,000 -- $90 / 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 $1,019 $56,800 -- --
2024 $1,019 $43,400 $0 $0
2023 $705 $30,000 $7,000 $23,000
2022 $708 $30,000 $7,000 $23,000
2021 $708 $30,000 $7,000 $23,000
2020 $708 $30,000 $7,000 $23,000
2019 $705 $30,000 $7,000 $23,000
2018 $708 $30,000 $7,000 $23,000
2017 $1,303 $55,200 $0 $0
2016 $1,776 $55,200 $0 $0
2015 $1,776 $55,200 $0 $0
2014 $1,776 $62,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2136568

Bright MLS

APN: 7230-005