NOT LISTED FOR SALE

Estimated Value: $499,574 - $538,000

-- Bed
3 Baths
3,296 Sq Ft
$157/Sq Ft Est. Value

Last Sold March 26, 2024

Last sale price $490,000 $149 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,442/month

5 Days on Market

Highlights

  • Open Floorplan
  • 5-minute walk to Penn Station
  • Upgraded Countertops
  • Traditional Architecture
  • Wood Flooring
  • 3-minute walk to McAllister Park

About This Home

As of March 2024

Magnificently maintained 3 unit in desirable Mount Vernon. All separately metered. 2 (1) bedroom (1) bath with one access to garden and unit 2 has deck. 1( 2) bedroom (1 )bath unit. All units have their own in-unit laundry facilities as well as individual HVAC systems. All kitchen and baths have been renovated in 2016. Rear roof replaced in 2017. All water heaters and HVAC units replaced in last 6 years. Rear windows replaced in 2018. Front Windows replaces in 2021. 2nd Floor deck added in 20a18. Perfect for owner occupied or investor. This is one of the few real turn-key investment properties. It is part of three propery portfolio including 1602 Park Avenue Bolton Hill and 2820 Saint Paul Street Charles Village. They may be purchased individually or separately. Uniquely located close to Penn Station, downtown, and U OF Baltimore. Financial found in documents. Property sold "As Is'" Seller will make no repairs.

Last Agent to Sell the Property

Suzanne Ludwig

Cummings & Co. Realtors Listed on: 02/20/2024

Cummings & Co. Realtors

Last Buyer's Agent

Tom Williams

AB & Co Realtors, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,135

Year Built

  • Built in 1900 | Remodeled in 2021

Lot Details

  • Ground Rent of $120 semi-annually
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • Bathtub with Shower
  • Open Floorplan
  • Basement
  • Interior and Rear Basement Entry

Kitchen

  • Oven
  • Stove
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet

Laundry

  • Dryer
  • Washer

Utilities

  • 90% Forced Air Heating System
  • Vented Exhaust Fan
  • Programmable Thermostat
  • 120/240V
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 002
  • Assessor Parcel Number 0312090410 002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,135

Year Built

Built in 1900 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Ground Rent
  • Historic: No
  • New Construction: No
  • Expected On Market: 2024-02-20
  • Year Built: 1900
  • Year Renovated: 2021
  • Automatically Close On Close Date: Yes
  • Remarks Public: Magnificently maintained 3 unit in desirable Mount Vernon. All separately metered. 2 (1) bedroom (1) bath with one access to garden and unit 2 has deck. 1( 2) bedroom (1 )bath unit. All units have their own in-unit laundry facilities as well as individual HVAC systems. All kitchen and baths have been renovated in 2016. Rear roof replaced in 2017. All water heaters and HVAC units replaced in last 6 years. Rear windows replaced in 2018. Front Windows replaces in 2021. 2nd Floor deck added in 20a18. Perfect for owner occupied or investor. This is one of the few real turn-key investment properties. It is part of three propery portfolio including 1602 Park Avenue Bolton Hill and 2820 Saint Paul Street Charles Village. They may be purchased individually or separately. Uniquely located close to Penn Station, downtown, and U OF Baltimore. Financial found in documents. Property sold "As Is'" Seller will make no repairs.
  • Special Features: None

Interior Features

  • Appliances: Exhaust Fan, Oven - Single, Stove, Dryer, Refrigerator, Washer
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Bathroom - Tub Shower, Upgraded Countertops, Floor Plan - Open, Wood Floors
  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Rear Entrance, Interior Access
  • Total Sq Ft: 4512
  • Living Area Sq Ft: 3296
  • Price Per Sq Ft: 144.11
  • Above Grade Finished Sq Ft: 3296
  • Below Grade Sq Ft: 1216
  • Total Below Grade Sq Ft: 1216
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1703

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
  • Cooling Type: Programmable Thermostat
  • Electric Service: 120/240V
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: 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
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Amt: 120.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Semi-Annually
  • Rent Control: No
  • Total Actual Rent: 45558.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6135.00
  • Assessor Parcel Number: 0312090410 002
  • Tax Lot: 002
  • Tax Total Finished Sq Ft: 3296
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 03/26/2024

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
Feb 20, 2024
Closed on
Mar 26, 2024
Sold by
Lennon Anne Marie Obroin and Bunch Robert Eoin
Bought by
Morgan Derek
Seller's Agent
Suzanne Ludwig
Cummings & Co. Realtors
Buyer's Agent
Tom Williams
AB & Co Realtors, Inc.
List Price
$475,000
Sold Price
$490,000
Premium/Discount to List
$15,000
3.16%
Total Days on Market
5
Views
44
Current Estimated Value
$518,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,787
Avg. Annual Appreciation
6.00%
Original Mortgage
$465,500
Outstanding Balance
$460,716
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$64,153

Purchase Details

Closed on
Mar 22, 2005
Sold by
Lyons Natasha N
Bought by
Hayakawa Yoshiko

Purchase Details

Closed on
Feb 7, 1997
Sold by
Secretary Of Housing
Bought by
Lyons Natasha N

Purchase Details

Closed on
Apr 10, 1996
Sold by
Yerrell Van W
Bought by
Secretary Of Housing and Urban Development
Source: Public Records

Range of Values:

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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
Morgan Derek $490,000 Lakeside Title
Hayakawa Yoshiko $140,000 --
Lyons Natasha N $17,300 --
Secretary Of Housing $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Derek $465,500
Previous Owner Hayakawa Yoshiko $142,500
Previous Owner Hayakawa Yoshiko $100,000
Previous Owner Hayakawa Yoshiko $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2024 03/26/24 Sold $490,000 +3.2% $149 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $475,000 +87.6% $144 / Sq Ft
04/22/2016 04/22/16 Sold $253,151 -26.6% $77 / Sq Ft
02/17/2016 02/17/16 Pending -- -- --
05/22/2014 05/22/14 For Sale $345,000 -- $105 / 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
2024 $6,458 $274,933 $0 $0
2023 $6,106 $259,967 $0 $0
2022 $5,782 $245,000 $90,000 $155,000
2021 $5,740 $243,200 $0 $0
2020 $5,697 $241,400 $0 $0
2019 $5,628 $239,600 $90,000 $149,600
2018 $5,655 $239,600 $90,000 $149,600
2017 $5,655 $239,600 $0 $0
2016 $5,870 $239,600 $0 $0
2015 $5,870 $229,733 $0 $0
2014 $5,870 $219,867 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2113468

Bright MLS

APN: 0410-002