NOT LISTED FOR SALE

1516 Madison Ave Baltimore, MD 21217

Madison Park Neighborhood

Estimated Value: $158,000

Studio
-- Bath
-- Sq Ft
1,742 Sq Ft Lot Lot

Sale Details

Date Sold: August 1, 2019

Last sale price $130,000 $0 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,077 / mo

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 5-minute walk to Wilson and Etting Park
  • No HOA

About This Home

As of August 2019

HUGE POTENTIAL! THREE UNIT INVESTOR SPECIAL. RARE FIND. CHAP INCENTIVES MAY APPLY! COME TAKE A LOOK!DO NOT DISTURB OCCUPANTS! Investor Special! Sold "AS-IS". No Disclosures. No inspections. Do not walk on property.

Last Agent to Sell the Property

Kaili Nichols

(866) 987-3937 kaili@freddorseyre.com Douglas Realty Listed on: 06/04/2019

Last Buyer's Agent

Kaili Nichols

(866) 987-3937 kaili@freddorseyre.com Douglas Realty Listed on: 06/04/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,416

Year Built

  • Built in 1920

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 3 Vacant Units

Listing and Financial Details

  • Tax Lot 009
  • Assessor Parcel Number 0314120364 009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,416

Year Built

Built in 1920

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2019-06-04
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Unfinished
  • 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: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 48000.00
  • Land Assessed Value: 12000.00
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.40
  • Zoning: R-7
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12969682
  • Tax Annual Amount: 1416.00
  • Assessor Parcel Number: 0314120364 009
  • Tax Lot: 009
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2019

Multi Family

  • Number Of Units Vacant: 3

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2019
Closed on
Aug 1, 2019
Sold by
Alliance Re Holdings Llc
Bought by
Simsmac Inc
Seller's Agent
Kaili Nichols
Douglas Realty
Buyer's Agent
Kaili Nichols
Douglas Realty
List Price
$120,000
Sold Price
$130,000
Premium/Discount to List
$10,000
8.33%
Current Estimated Value
$158,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,000
Avg. Annual Appreciation
2.95%
Original Mortgage
$205,290
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2014
Sold by
Tayebi Masood and Mst Trust
Bought by
Alliance Re Holdings Llc

Purchase Details

Closed on
Aug 25, 2010
Sold by
Hsbc Bank Usa
Bought by
Tayebi Masood

Purchase Details

Closed on
Apr 19, 2005
Sold by
Thomas James C
Bought by
Lewis Karen

Purchase Details

Closed on
Oct 30, 2000
Sold by
Mayor & City Council
Bought by
Thomas James C
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
Simsmac Inc $130,000 Universal Title
Alliance Re Holdings Llc -- Attorney
Tayebi Masood $44,439 --
Hsbc Bank Usa $168,750 --
Lewis Karen $219,300 --
Thomas James C $1,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simsmac Inc $205,290
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2019 08/01/19 Sold $130,000 0.0% --
06/05/2019 06/05/19 Pending -- -- --
06/04/2019 06/04/19 Off Market $130,000 -- --
06/04/2019 06/04/19 For Sale $120,000 -- --
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 $2,936 $125,000 $30,000 $95,000
2024 $2,936 $125,000 $30,000 $95,000
2023 $2,950 $125,000 $30,000 $95,000
2022 $2,950 $125,000 $30,000 $95,000
2021 $2,439 $103,333 $0 $0
2020 $1,927 $81,667 $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

  • K

    Seller's Agent in 2019

    Kaili Nichols

    Douglas Realty

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Map

Source: Bright MLS

MLS Number: MDBA469922

Bright MLS

APN: 0364-009

Maryland Baltimore City County Baltimore 21217 Madison Park

1516 Madison Ave, Baltimore, MD

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