NOT LISTED FOR SALE

Estimated Value: $193,000 - $461,448

-- Bed
3 Baths
2,880 Sq Ft
$114/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $150,000 $52 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $1,980/month

37 Days on Market

About This Home

As of September 2022

This mixed use building has the potential to be a cash cow with 3 residential units and a commercial space. Located in the middle of The Lake Montebello community. From the 2nd and 3rd floor your residence can enjoy views from the lake while your commercial tenant could be happy with a business right in the center of an established community. This property also comes with city approved systemics for electric and plumbing.

This property needs a lot of TLC. Buyer will verify all zoning.

Last Agent to Sell the Property

Cory Banks

Keller Williams Legacy Listed on: 08/05/2022

Last Buyer's Agent

Salinda Adams

United Real Estate Executives License #SP98379226

United Real Estate Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,657

Year Built

  • Built in 1924

Lot Details

  • 3,840 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • On-Street Parking

Home Design

  • 2,880 Sq Ft Home
  • Quadruplex
  • Fixer Upper
  • Brick Exterior Construction

Listing and Financial Details

  • Tax Lot 018
  • Assessor Parcel Number 0309153941A018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,657

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2022-08-05
  • Year Built: 1924
  • Automatically Close On Close Date: No
  • Remarks Public: This mixed use building has the potential to be a cash cow with 3 residential units and a commercial space. Located in the middle of The Lake Montebello community. From the 2nd and 3rd floor your residence can enjoy views from the lake while your commercial tenant could be happy with a business right in the center of an established community. This property also comes with city approved systemics for electric and plumbing. This property needs a lot of TLC. Buyer will verify all zoning.
  • Special Features: None

Interior Features

  • Total Sq Ft: 2880
  • Living Area Sq Ft: 2880
  • Price Per Sq Ft: 52.08
  • Above Grade Finished Sq Ft: 2880
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1900

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 Spaces: 2.00
  • Garage: Yes
  • Garage Features: Covered Parking
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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: 56200.00
  • Land Assessed Value: 14000.00
  • Lot Size Acres: 0.09
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3840.00
  • Property Condition: Major Rehab Needed
  • Year Assessed: 2022
  • Zoning: R-6
  • Zoning Description: Buyer will verify zoning
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12938960
  • Tax Annual Amount: 1657.00
  • Assessor Parcel Number: 0309153941A018
  • Tax Lot: 018
  • Tax Total Finished Sq Ft: 2880
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 09/29/2022

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2024
Sold by
Powerhouse Inv Group Llc
Bought by
Resilience Suites Llc
Total Days on Market
37
Current Estimated Value
$327,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 5, 2022
Closed on
Sep 30, 2022
Sold by
Genesis Security Agency Llc
Bought by
Powerhouse Investment Group Llc
Seller's Agent
Cory Banks
Keller Williams Legacy
Buyer's Agent
Salinda Adams
United Real Estate Executives
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.49%

Purchase Details

Closed on
Jun 15, 2020
Sold by
Bayview Loan Servicing Llc
Bought by
32Nd Street Properties Llc and Genesis1 Security Agency Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2019
Sold by
Ji Young Mi
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Oct 18, 2005
Sold by
Yun Seong Jung
Bought by
Mi Ji Young

Purchase Details

Closed on
Aug 31, 2005
Sold by
Yun Seong Jung
Bought by
Mi Ji Young
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Resilience Suites Llc -- Clear Title
Powerhouse Investment Group Llc $150,000 Crown Title
32Nd Street Properties Llc $99,960 Title 365
Bayview Loan Servicing Llc $155,477 None Available
Mi Ji Young $150,000 --
Mi Ji Young $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Resilience Suites Llc $468,000
Previous Owner 32Nd Street Properties Llc $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $150,000 0.0% $52 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/07/2022 09/07/22 For Sale $150,000 0.0% $52 / Sq Ft
09/06/2022 09/06/22 Off Market $150,000 -- --
08/30/2022 08/30/22 Price Changed $150,000 +17.2% $52 / Sq Ft
08/23/2022 08/23/22 Pending -- -- --
08/23/2022 08/23/22 Price Changed $128,000 -14.7% $44 / Sq Ft
08/22/2022 08/22/22 Off Market $150,000 -- --
08/05/2022 08/05/22 For Sale $150,000 -- $52 / 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 $1,804 $76,800 $0 $0
2023 $1,735 $73,500 $0 $0
2022 $1,657 $70,200 $14,000 $56,200
2021 $1,655 $70,133 $0 $0
2020 $1,654 $70,067 $0 $0
2019 $1,486 $70,000 $14,000 $56,000
2018 $1,512 $70,000 $14,000 $56,000
2017 $1,530 $70,000 $0 $0
2016 $1,122 $70,200 $0 $0
2015 $1,122 $70,200 $0 $0
2014 $1,122 $70,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2055224

Bright MLS

APN: 3941A-018