NOT LISTED FOR SALE

Estimated Value: $423,000 - $521,092

-- Bed
3 Baths
3,234 Sq Ft
$146/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $435,000 $135 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,237/month

28 Days on Market

Highlights

  • 0.04 Acre Lot
  • Property is in very good condition
  • 3-minute walk to F. Scott Fitzgerald Park
  • Electric Baseboard Heater

About This Home

As of October 2022

A great opportunity to own an investment property with 3 recently renovated and well maintained apartments. Each apartment features historic character with exposed brick walls, arched windows and wood floors. Bolton Hill is a highly desirable neighborhood for both owner-occupants and investors alike. To learn more about the advantages, both short and long term, click here to visit our brief video about 'House Hacking.' The terrace unit and second floor apartment are split level and have exposed brick walls, wood floors and two bedrooms, each. In the terrace unit, tenants enjoy large living spaces and a cooks designer kitchen, boasting stainless steel appliances, granite counters and breakfast bar, all of which are accented by white wood cabinetry. The second floor unit is similar, with stainless appliances, wood cabinets and laminate counters. The third floor apartment is one bedroom, with exposed wood beams and vaulted ceiling, which makes for a bright, large living area and grand entry. The kitchen has a refrigerator, 30" range, wood cabinets and laminate counters. Bathrooms throughout the investment property have steel tubs with ceramic tile tub-surrounds and modern vanities. Each unit has a stacked washer and dryer for added convenience. The current landlord pays for water, but a savvy investor could charge this back to the tenants, increasing investment returns. An all electric property, separately metered, with 400 AMP service into the building and 100 AMP service to each unit. The terrace apartment has a mini-split system for heating and air conditioning, while the second and third floor apartments have baseboard heat and window AC units. Vinyl replacement windows throughout. Most observable water supply lines are copper; most observable drain lines are a mix of PVC and steel. Two units have a 40-gallon water and one unit has a 50 gallon water heater. The roof is rubber with an aluminum coating. Steel fire escape in the rear. The location is one of the highlights of 1735 Park Avenue as evidenced by a Walk Score of 76 as most errands can be accomplished on foot. 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, making a commute to Washington DC or New York City a breeze, hence the excellent transit rating. Maryland Institute College of Art, or MICA for short, is the nation’s third highest rated art school and just one corner around the block. Exceptional restaurants, coffee shops and high-end shopping are nearby in neighboring Mount Vernon and points downtown.

Last Agent to Sell the Property

Cheryl Sadera

Ben Frederick Realty, Inc. Listed on: 09/13/2022

Last Buyer's Agent

Jeff Purnell

Samson Properties License #5010181

Samson Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,186

Year Built

  • Built in 1880

Lot Details

  • 1,811 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Converted Dwelling
  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Wall Furnace
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Community Details

  • 3 Units
  • Net Operating Income $33,378

Listing and Financial Details

  • Tax Lot 032
  • Assessor Parcel Number 0314010355 032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,186

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: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Remarks Public: A great opportunity to own an investment property with 3 recently renovated and well maintained apartments. Each apartment features historic character with exposed brick walls, arched windows and wood floors. Bolton Hill is a highly desirable neighborhood for both owner-occupants and investors alike. To learn more about the advantages, both short and long term, click here to visit our brief video about 'House Hacking.' The terrace unit and second floor apartment are split level and have exposed brick walls, wood floors and two bedrooms, each. In the terrace unit, tenants enjoy large living spaces and a cooks designer kitchen, boasting stainless steel appliances, granite counters and breakfast bar, all of which are accented by white wood cabinetry. The second floor unit is similar, with stainless appliances, wood cabinets and laminate counters. The third floor apartment is one bedroom, with exposed wood beams and vaulted ceiling, which makes for a bright, large living area and grand entry. The kitchen has a refrigerator, 30" range, wood cabinets and laminate counters. Bathrooms throughout the investment property have steel tubs with ceramic tile tub-surrounds and modern vanities. Each unit has a stacked washer and dryer for added convenience. The current landlord pays for water, but a savvy investor could charge this back to the tenants, increasing investment returns. An all electric property, separately metered, with 400 AMP service into the building and 100 AMP service to each unit. The terrace apartment has a mini-split system for heating and air conditioning, while the second and third floor apartments have baseboard heat and window AC units. Vinyl replacement windows throughout. Most observable water supply lines are copper; most observable drain lines are a mix of PVC and steel. Two units have a 40-gallon water and one unit has a 50 gallon water heater. The roof is rubber with an aluminum coating. Steel fire escape in the rear. The location is one of the highlights of 1735 Park Avenue as evidenced by a Walk Score of 76 as most errands can be accomplished on foot. 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, making a commute to Washington DC or New York City a breeze, hence the excellent transit rating. Maryland Institute College of Art, or MICA for short, is the nation’s third highest rated art school and just one corner around the block. Exceptional restaurants, coffee shops and high-end shopping are nearby in neighboring Mount Vernon and points downtown.
  • Special Features: None

Interior Features

  • Foundation Details: Block
  • Total Sq Ft: 3696
  • Living Area Sq Ft: 3234
  • Price Per Sq Ft: 151.52
  • Above Grade Finished Sq Ft: 2772
  • Below Grade Finished Sq Ft: 462
  • Below Grade Sq Ft: 462
  • Total Below Grade Sq Ft: 924
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1739

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Rubber
  • 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: Ductless/Mini-Split, Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric, Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

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: 204500.00
  • Land Assessed Value: 100000.00
  • Land Use Code: R
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1811.00
  • Property Condition: Very Good
  • Year Assessed: 2022
  • Zoning: R-8
  • Zoning Description: Licensed for 3 Dwelling Units
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 29400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12967339
  • Tax Annual Amount: 7186.00
  • Assessor Parcel Number: 0314010355 032
  • Tax Lot: 032
  • Tax Total Finished Sq Ft: 3234
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/31/2022

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Nov 2, 2022
Sold by
Knowles Justin T
Bought by
Singh Simranjit and Singh Sundeep
Seller's Agent
Cheryl Sadera
Ben Frederick Realty, Inc.
Buyer's Agent
Jeff Purnell
Samson Properties
List Price
$420,000
Sold Price
$435,000
Premium/Discount to List
$15,000
3.57%
Views
5
Current Estimated Value
$461,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,828
Avg. Annual Appreciation
3.90%
Original Mortgage
$335,000
Interest Rate
6.33%
Mortgage Type
Balloon

Purchase Details

Listed on
Apr 23, 2015
Closed on
Aug 25, 2015
Sold by
The Bank Of New York Mellon
Bought by
Knowles Justin T
Seller's Agent
Chong Yi
Vylla Home
Buyer's Agent
David Breitweiser
Keller Williams Gateway LLC
List Price
$239,400
Sold Price
$191,100
Premium/Discount to List
-$48,300
-20.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%
Original Mortgage
$215,038
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 8, 2015
Sold by
Martin Andrea D and Martin Randolph
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Feb 28, 2001
Sold by
Opportunity Funding I Llc
Bought by
Martin Randolph and Martin Andrea D

Purchase Details

Closed on
Sep 14, 1994
Sold by
Secretary Of Hud
Bought by
Green Rickey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
8.38%

Purchase Details

Closed on
May 25, 1994
Sold by
Theodoropoulos By Tr S S
Bought by
Secretary Of Hud
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
Singh Simranjit $435,000 --
Knowles Justin T $191,100 None Available
The Bank Of New York Mellon $301,292 None Available
Martin Randolph $84,500 --
Martin Randolph $93,195 --
Martin Randolph $105,000 --
Green Rickey L $71,000 --
Secretary Of Hud $82,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singh Simranjit $335,000
Previous Owner Knowles Justin T $262,500
Previous Owner Knowles Justin T $215,038
Previous Owner Martin Andrea D $311,250
Previous Owner Martin Randolph $297,000
Previous Owner Secretary Of Hud $101,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2022 10/31/22 Sold $435,000 +3.6% $135 / Sq Ft
10/11/2022 10/11/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $420,000 0.0% $130 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $420,000 +119.8% $130 / Sq Ft
08/28/2015 08/28/15 Sold $191,100 +5.4% $69 / Sq Ft
05/07/2015 05/07/15 Pending -- -- --
04/23/2015 04/23/15 Price Changed $181,300 -24.3% $65 / Sq Ft
04/23/2015 04/23/15 For Sale $239,400 -- $86 / 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 $8,492 $390,100 $100,000 $290,100
2024 $8,492 $361,567 $0 $0
2023 $7,822 $333,033 $0 $0
2022 $7,186 $304,500 $100,000 $204,500
2021 $7,130 $302,100 $0 $0
2020 $6,494 $299,700 $0 $0
2019 $6,425 $297,300 $100,000 $197,300
2018 $6,523 $297,300 $100,000 $197,300
2017 $6,586 $297,300 $0 $0
2016 $6,770 $317,100 $0 $0
2015 $6,770 $317,100 $0 $0
2014 $6,770 $317,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2060402

Bright MLS

APN: 0355-032