NOT LISTED FOR SALE

Estimated Value: $522,000 - $580,000

-- Bed
4 Baths
3,422 Sq Ft
$163/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $450,000 $132 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,032/month

3 Days on Market

Highlights

  • 0.04 Acre Lot
  • 1 Fireplace
  • More Than Two Accessible Exits
  • Federal Architecture
  • No HOA
  • 3-minute walk to F. Scott Fitzgerald Park

About This Home

As of July 2021

What makes this 3 apartment investment property in Bolton Hill special? A great opportunity to own an investment property with 3 recently renovated, well maintained apartments in Bolton Hill within walking distance to all of one of Baltimore’s premier neighborhoods has to offer. The 3 units feature historic character with exposed brick walls, wood floors and 10 ft high ceilings. The property sets up well for FHA (owner occupied) financing, live in one unit and let the others pay your mortgage. Check out our House Hacking video to learn more about the advantages of owner occupied investing. Multi Unit Apartment Building Property Details The property setup: 1 spacious two bedroom, two bath, 2 level (first floor/ terrace level) apartment. The terrace level walks out to an a large enclosed, private brick patio for entertaining or just relaxing. The recently renovated cooks kitchen features a full compliment of stainless steel appliances, Corian counter tops island and glass front wooden cabinets. Marble tile bathroom floors with ceramic tile full size shower stalls and bathroom vanities with porcelain tops. The second level apartment consists one bedroom, one bath apartment with exposed brick walls, 10 ft high ceilings and a kitchen with stainless steel appliances and breakfast bar. The third level apartment is a one bedroom, one bath apartment with exposed brick walls, 10 ft high ceilings and a kitchen with a full compliment of appliances, ( gas range, dish washer, disposal, refrigerator and built in micro wave. Who pays the utilities in this Investment Property? Mechanically, the building is in good shape. The landlord currently pays for heat and water. The apartments are separately metered for electric and gas. All apartments have 40 gallon hot water heaters. (Unit #2 new 2021) The windows are wooden in the front and vinyl replacement in the rear. All the apartments have in unit stacked washer/dryers. The roof is roll down shingle that appears to be in good shape. What’s Nearby The location is one of the highlights of 1735 Park Avenue as evidenced by a Walk Score of 76 (most errand can be accomplished on foot), a Transit Score of 71 ( excellent transit) and a Bike Score of 81 (excellent bike lanes) The light rail is a 7 minute walk away giving you access to Downtown, Camden Yards and M&T Stadium. Penn Station is a 5 minute drive giving you access to Amtrak making a commute to Washington DC or New York city a breeze. Maryland Institute College of Art, MICA, the nation’s third highest rated art school, is just around the corner (1 block). Exceptional restaurants, coffee shops and high-end shopping abound within walking distance of this investment property in Bolton Hill.

Last Agent to Sell the Property

Will Cannon

Ben Frederick Realty, Inc. Listed on: 06/04/2021

Last Buyer's Agent

Sean Sullivan

REMAX Platinum Realty License #SP2000201895

REMAX Platinum Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,982

Year Built

  • Built in 1880

Lot Details

  • 1,836

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Federal Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1 Fireplace

Utilities

  • Window Unit Cooling System
  • 90% Forced Air Heating System
  • Natural Gas Water Heater

Additional Features

  • More Than Two Accessible Exits
  • 1,836 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 030
  • Assessor Parcel Number 0314010355 030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,982

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Federal
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Remarks Public: What makes this 3 apartment investment property in Bolton Hill special? A great opportunity to own an investment property with 3 recently renovated, well maintained apartments in Bolton Hill within walking distance to all of one of Baltimore’s premier neighborhoods has to offer. The 3 units feature historic character with exposed brick walls, wood floors and 10 ft high ceilings. The property sets up well for FHA (owner occupied) financing, live in one unit and let the others pay your mortgage. Check out our House Hacking video to learn more about the advantages of owner occupied investing. Multi Unit Apartment Building Property Details The property setup: 1 spacious two bedroom, two bath, 2 level (first floor/ terrace level) apartment. The terrace level walks out to an a large enclosed, private brick patio for entertaining or just relaxing. The recently renovated cooks kitchen features a full compliment of stainless steel appliances, Corian counter tops island and glass front wooden cabinets. Marble tile bathroom floors with ceramic tile full size shower stalls and bathroom vanities with porcelain tops. The second level apartment consists one bedroom, one bath apartment with exposed brick walls, 10 ft high ceilings and a kitchen with stainless steel appliances and breakfast bar. The third level apartment is a one bedroom, one bath apartment with exposed brick walls, 10 ft high ceilings and a kitchen with a full compliment of appliances, ( gas range, dish washer, disposal, refrigerator and built in micro wave. Who pays the utilities in this Investment Property? Mechanically, the building is in good shape. The landlord currently pays for heat and water. The apartments are separately metered for electric and gas. All apartments have 40 gallon hot water heaters. (Unit #2 new 2021) The windows are wooden in the front and vinyl replacement in the rear. All the apartments have in unit stacked washer/dryers. The roof is roll down shingle that appears to be in good shape. What’s Nearby The location is one of the highlights of 1735 Park Avenue as evidenced by a Walk Score of 76 (most errand can be accomplished on foot), a Transit Score of 71 ( excellent transit) and a Bike Score of 81 (excellent bike lanes) The light rail is a 7 minute walk away giving you access to Downtown, Camden Yards and M&T Stadium. Penn Station is a 5 minute drive giving you access to Amtrak making a commute to Washington DC or New York city a breeze. Maryland Institute College of Art, MICA, the nation’s third highest rated art school, is just around the corner (1 block). Exceptional restaurants, coffee shops and high-end shopping abound within walking distance of this investment property in Bolton Hill.
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Total Sq Ft: 3696
  • Living Area Sq Ft: 3422
  • Price Per Sq Ft: 155.12
  • Above Grade Finished Sq Ft: 2772
  • Below Grade Finished Sq Ft: 650
  • Below Grade Sq Ft: 274
  • Total Below Grade Sq Ft: 924
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1735

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: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 277700.00
  • Land Assessed Value: 100000.00
  • Land Use Code: 003
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1836.00
  • Year Assessed: 2021
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12967337
  • Tax Annual Amount: 7982.00
  • Assessor Parcel Number: 0314010355 030
  • Tax Lot: 030
  • Tax Total Finished Sq Ft: 3422
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/12/2021

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Jul 12, 2021
Sold by
Wettlaufer Kyle
Bought by
Tadesse Kirubel Bruke
Seller's Agent
Will Cannon
Ben Frederick Realty, Inc.
Buyer's Agent
Sean Sullivan
REMAX Platinum Realty
List Price
$430,000
Sold Price
$450,000
Premium/Discount to List
$20,000
4.65%
Current Estimated Value
$574,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,385
Avg. Annual Appreciation
5.78%
Original Mortgage
$441,849
Outstanding Balance
$402,997
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$162,954

Purchase Details

Listed on
Nov 18, 2016
Closed on
Feb 15, 2017
Sold by
Casey Property Holding Llc
Bought by
Wettlaufer Kayle
Seller's Agent
Ben Frederick
Live BFR, LLC
Buyer's Agent
Stephen Pipich
VYBE Realty
List Price
$379,000
Sold Price
$372,000
Premium/Discount to List
-$7,000
-1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.42%
Original Mortgage
$340,659
Interest Rate
4.19%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 18, 2014
Sold by
Costa Joseph
Bought by
Casey Property Holding Llc

Purchase Details

Closed on
Oct 4, 2011
Sold by
Casey Property Investments Llc
Bought by
Costa Joseph

Purchase Details

Closed on
Sep 16, 2005
Sold by
Costa Joseph
Bought by
Casey Property Investments Llc

Purchase Details

Closed on
Sep 10, 2002
Sold by
Reeves John J
Bought by
Costa Joseph

Purchase Details

Closed on
Mar 5, 1998
Sold by
Reeves John J
Bought by
Reeves John J
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
Tadesse Kirubel Bruke $450,000 Lakeside Title Company
Wettlaufer Kayle $372,000 Mgk Title Llc
Casey Property Holding Llc -- Title Warrantee Corporation
Costa Joseph -- Mid Atlantic Title Company
Casey Property Investments Llc -- --
Costa Joseph $189,900 --
Reeves John J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tadesse Kirubel Bruke $441,849
Previous Owner Wettlaufer Kayle $340,659
Previous Owner Costa Joseph $268,800
Previous Owner Costa Joseph $268,800
Previous Owner Costa Joseph $115,000
Previous Owner Costa Joseph $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2021 07/12/21 Sold $450,000 +4.7% $132 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $430,000 +15.6% $126 / Sq Ft
02/16/2017 02/16/17 Sold $372,000 -1.8% $134 / Sq Ft
12/16/2016 12/16/16 Pending -- -- --
11/18/2016 11/18/16 For Sale $379,000 -- $137 / 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 $10,642 $490,800 $100,000 $390,800
2024 $10,642 $453,100 $0 $0
2023 $9,757 $415,400 $0 $0
2022 $8,914 $377,700 $100,000 $277,700
2021 $8,448 $357,967 $0 $0
2020 $7,196 $338,233 $0 $0
2019 $6,863 $318,500 $100,000 $218,500
2018 $6,970 $318,500 $100,000 $218,500
2017 $7,517 $318,500 $0 $0
2016 $8,082 $340,400 $0 $0
2015 $8,082 $340,400 $0 $0
2014 $8,082 $340,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA553942

Bright MLS

APN: 0355-030