NOT LISTED FOR SALE

1625 Cypress St Curtis Bay, MD 21226

Curtis Bay Neighborhood

Estimated Value: $216,000 - $413,956

-- Bed
4 Baths
4,132 Sq Ft
$69/Sq Ft Est. Value

Last Sold January 30, 2013

Last sale price $127,362 $31 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $1,599/month

503 Days on Market

Highlights

  • No HOA
  • Ceiling height of 9 feet or more
  • Forced Air Heating System

About This Home

As of January 2013

15.49% Capitalization Rate (Cap Rate) & Motivated Seller! 100% occupied and 100% turnkey. Must be purchased along with 1621 Cypress Street (adjoining property). Existing property management has agreed to stay in place for the new owner with an 8% monthly management fee. Possible expansion to 8 total units based on current utilization of home site footprint.

Last Agent to Sell the Property

William Ganz

(443) 756-3218 william@ganzexclusive.com Ganz Exclusive Real Estate License #601639 Listed on: 03/24/2011

Last Buyer's Agent

William Ganz

(443) 756-3218 william@ganzexclusive.com Ganz Exclusive Real Estate License #601639 Listed on: 03/24/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,904

Year Built

  • Built in 1920

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling height of 9 feet or more

Parking

  • Dirt Driveway
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, management, repairs, real estate taxes
  • Tax Lot 41
  • Assessor Parcel Number 0325087191 041

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Curtis Bay Subdivision

Building Details

  • Operating Expense $5,832
  • Net Operating Income $23,664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,904

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: 15.49% Capitalization Rate (Cap Rate) & Motivated Seller! 100% occupied and 100% turnkey. Must be purchased along with 1621 Cypress Street (adjoining property). Existing property management has agreed to stay in place for the new owner with an 8% monthly management fee. Possible expansion to 8 total units based on current utilization of home site footprint.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Basement: No
  • Price Per Sq Ft: 34.78
  • Street Number Modifier: 1625

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Dirt Driveway
  • Type Of Parking: Off Street, On Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • 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

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Size Units: Square Feet
  • Year Assessed: 2010
  • Zoning: 0R070
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Insurance, Management, Repairs, Taxes - Real Estate
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2903.60
  • Assessor Parcel Number: 0325087191 041
  • Tax Lot: 41
  • Tax Total Finished Sq Ft: 4132
  • Tax Year: 2010
  • Close Date: 01/30/2013

Multi Family

  • Gross Income: 32400.00
  • Metering: Fully Separate
  • Operating Expense: 5832.00
  • Vacancy Allowance Rate: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2013
Sold by
Ljh Properties Llc
Bought by
Hill Larry
Current Estimated Value
$285,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,500
Outstanding Balance
$125,387
Interest Rate
4.56%
Mortgage Type
Stand Alone Second
Estimated Equity
$123,808

Purchase Details

Closed on
Jan 10, 2008
Sold by
Botelho Edward
Bought by
Global Novare Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,500
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2004
Sold by
Hugel William M
Bought by
Botelho Edward

Purchase Details

Closed on
Oct 20, 2003
Sold by
Hugel William M
Bought by
Botelho Edward
Source: Public Records

Range of Values:

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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
Hill Larry -- None Available
Global Novare Inc $225,000 --
Botelho Edward $102,051 --
Botelho Edward $102,051 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Global Novare Inc $168,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2013 01/30/13 Sold $127,363 -38.8% $31 / Sq Ft
08/08/2012 08/08/12 Pending -- -- --
03/24/2011 03/24/11 For Sale $208,000 -- $50 / 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 $2,124 $90,000 $20,000 $70,000
2019 $2,114 $90,000 $20,000 $70,000
2018 $2,124 $90,000 $20,000 $70,000
2017 $2,596 $110,000 $0 $0
2016 $3,174 $110,000 $0 $0
2015 $3,174 $110,000 $0 $0
2014 $3,174 $140,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • William Ganz

    Seller's Agent in 2013

    William Ganz

    Ganz Exclusive Real Estate

    (443) 756-3218

    17 Total Sales

    William Ganz
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Map

Source: Bright MLS

MLS Number: 1004356280

Bright MLS

APN: 7191-041

Maryland Baltimore City County Curtis Bay 21226 Curtis Bay

1625 Cypress St, Curtis Bay, MD

This home is located at 1625 Cypress St, Curtis Bay, MD 21226 since 24 March 2011 and is currently estimated at $285,652, approximately $69 per square foot. This property was built in 1920. 1625 Cypress St is a home located in Baltimore City with nearby schools including Curtis Bay Elementary School, Booker T. Washington Middle School, and Benjamin Franklin High School.

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