NOT LISTED FOR SALE

1627 Spence St Baltimore, MD 21230

Morrell Park Neighborhood

Estimated Value: $84,000 - $102,326

3 Beds
1 Bath
984 Sq Ft
$95/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $75,000 $76 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $617/month

44 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Radiator

About This Home

As of May 2024

Investor Alert! End-unit townhome on a quiet street in Morrell Park. This 3 bed, 1 full bath is ready for a new owner, perfect for an investor looking to add to their rental portfolio or possible renovation opportunity. Comparable sales are in the 190-205k range and rents are around $1,500-1,700. Fully fenced front and rear yards. Plenty of street parking as most of the other homes on the street are detached with driveways. Home is being sold As-Is. Excellent location, close to the stadiums, downtown, and all major roadways. Schedule today!

Last Agent to Sell the Property

Daniel Drechsler

(410) 916-2147 dan@dansellsmd.com Douglas Realty, LLC License #627603 Listed on: 11/05/2023

Last Buyer's Agent

Daniel Drechsler

(410) 916-2147 dan@dansellsmd.com Douglas Realty, LLC License #627603 Listed on: 11/05/2023

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,303

Year Built

  • Built in 1928

Lot Details

  • Ground Rent of $66 per year

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • Property has 3 Levels

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Utilities

  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Morrell Park Subdivision

Listing and Financial Details

  • Tax Lot 005
  • Assessor Parcel Number 0325037805D005

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,303

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Ground Rent
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1928
  • Automatically Close On Close Date: No
  • Remarks Public: Investor Alert! End-unit townhome on a quiet street in Morrell Park. This 3 bed, 1 full bath is ready for a new owner, perfect for an investor looking to add to their rental portfolio or possible renovation opportunity. Comparable sales are in the 190-205k range and rents are around $1,500-1,700. Fully fenced front and rear yards. Plenty of street parking as most of the other homes on the street are detached with driveways. Home is being sold As-Is. Excellent location, close to the stadiums, downtown, and all major roadways. Schedule today!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full
  • Total Sq Ft: 1476
  • Living Area Sq Ft: 984
  • Price Per Sq Ft: 86.28
  • Above Grade Finished Sq Ft: 984
  • Below Grade Sq Ft: 492
  • Total Below Grade Sq Ft: 492
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1627

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

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: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • 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
  • Senior Community: No

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • School District Key: 121137830454
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 0.04
  • Year Assessed: 2023
  • Zoning: R-6
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 66.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Annually
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1303.00
  • Assessor Parcel Number: 0325037805D005
  • Tax Lot: 005
  • Tax Total Finished Sq Ft: 984
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 05/03/2024

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2023
Closed on
May 3, 2024
Sold by
Schlick John
Bought by
Maec Properties Llc
Seller's Agent
Daniel Drechsler
Douglas Realty, LLC
Buyer's Agent
Daniel Drechsler
Douglas Realty, LLC
List Price
$84,900
Sold Price
$75,000
Premium/Discount to List
-$9,900
-11.66%
Views
99
Current Estimated Value
$93,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,163
Avg. Annual Appreciation
11.16%

Purchase Details

Listed on
Jul 7, 2023
Closed on
Aug 17, 2023
Sold by
Reverse Mortgage Solutions Inc
Bought by
Schlick John
Seller's Agent
Michael Lopez
RE/MAX Distinctive Real Estate, Inc.
Buyer's Agent
Daniel Drechsler
Douglas Realty, LLC
List Price
$38,000
Sold Price
$45,000
Premium/Discount to List
$7,000
18.42%
Views
83

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
131.04%

Purchase Details

Closed on
Aug 31, 2022
Sold by
Bierman Howard N
Bought by
Reverse Mortgage Solutions Inc

Purchase Details

Closed on
Dec 31, 1997
Sold by
Sir Daniel Llc
Bought by
Marshall David R and Marshall Chaarlotte Joan

Purchase Details

Closed on
Sep 5, 1997
Sold by
Carroll Theresa A
Bought by
Sir Daniel Llc
Source: Public Records

Range of Values:

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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
Maec Properties Llc $75,000 Eastern Title
Maec Properties Llc $75,000 Eastern Title
Schlick John $45,000 Crown Title
Reverse Mortgage Solutions Inc $55,000 Accommodation/Courtesy Recordi
Marshall David R $50,000 --
Sir Daniel Llc $10,000 --
Carroll Theresa A $17,850 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2024 05/03/24 Sold $75,000 -11.7% $76 / Sq Ft
03/04/2024 03/04/24 Off Market $84,900 -- --
12/19/2023 12/19/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $84,900 0.0% $86 / Sq Ft
11/27/2023 11/27/23 Pending -- -- --
11/05/2023 11/05/23 For Sale $84,900 +88.7% $86 / Sq Ft
09/22/2023 09/22/23 Sold $45,000 +18.4% $46 / Sq Ft View Prior Sale
07/24/2023 07/24/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $38,000 -- $39 / 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 $1,452 $15,000 $3,000 $12,000
2024 $1,452 $61,800 $0 $0
2023 $1,303 $55,200 $12,000 $43,200
2022 $1,303 $55,200 $12,000 $43,200
2021 $1,303 $55,200 $12,000 $43,200
2020 $1,075 $50,100 $12,000 $38,100
2019 $1,069 $50,100 $12,000 $38,100
2018 $1,087 $50,100 $12,000 $38,100
2017 $1,357 $61,100 $0 $0
2016 $1,692 $61,100 $0 $0
2015 $1,692 $61,100 $0 $0
2014 $1,692 $103,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Drechsler

    Seller's Agent in 2024

    Daniel Drechsler

    Douglas Realty, LLC

    (410) 916-2147

    9 in this area

    113 Total Sales

    Daniel Drechsler
    Section Image
  • Michael Lopez

    Seller's Agent in 2023

    Michael Lopez

    RE/MAX

    (443) 420-7385

    7 in this area

    277 Total Sales

    Michael Lopez
    Section Image
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Map

Source: Bright MLS

MLS Number: MDBA2104704

Bright MLS

APN: 7805D-005

Maryland Baltimore City County Baltimore 21230 Morrell Park

1627 Spence St, Baltimore, MD

This home is located at 1627 Spence St, Baltimore, MD 21230 since 05 November 2023 and is currently estimated at $93,163, approximately $94 per square foot. This property was built in 1928. 1627 Spence St is a home located in Baltimore City with nearby schools including Morrell Park Elementary/Middle School, Booker T. Washington Middle School, and Edmondson Westside High School.

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