Seller's Agent in 2020
Ben Holmes
Compass
(301) 332-9037
47 Total Sales
201 Packard Ave Glen Burnie, MD 21061
Estimated Value: $451,092 - $539,000
--
Bed
4
Baths
1,920
Sq Ft
$258/Sq Ft
Est. Value
Highlights
- 0.4 Acre Lot
- Corner Lot
- Electric Baseboard Heater
- Backs to Trees or Woods
- No HOA
- Property is in very good condition
About This Home
As of June 2020Sited on a large possibly subdividable corner lot, property is Fully rented with 1 year leases each unit, $4000/month gross rental income, with low expenses. CAP RATE 8%, Solid investment property, recent updates include new flooring in the common area, new sump pump, 2 units with new kitchens, new carpet and fresh paint (2020), 3rd unit to be recarpeted and painted this month as new tenant just signed a one year lease. Great location close to Cromwell/Glen Burnie light rail station. Owner currently pays water, electric and gas but property is already set up with 4 separate gas and electric meters to convert over if desired. Each unit has a gas range and refrigerator, common area in basement has full size washer and gas dryer, gas hot water heater, electric baseboard heat in each unit. Large yard, off street parking. Possibly subdividable double lot make this an amazing offering. Documents available.
Last Agent to Sell the Property
(301) 332-9037 benholmes3@gmail.com Compass License #583315 Listed on: 04/17/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,287
Year Built
- Built in 1960 | Remodeled in 2020
Lot Details
- 0.4 Acre Lot
- Corner Lot
- Level Lot
- Backs to Trees or Woods
- Back Yard
- Subdivision Possible
- Property is in very good condition
Home Design
- 1,920 Sq Ft Home
- Quadruplex
- Asphalt Roof
- Vinyl Siding
Kitchen
- Gas Oven or Range
Laundry
- Washer
- Gas Dryer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
- Basement Windows
Parking
- 4 Parking Spaces
- 4 Driveway Spaces
- Gravel Driveway
- On-Street Parking
Utilities
- Window Unit Cooling System
- Electric Baseboard Heater
- 200+ Amp Service
- Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for real estate taxes, trash collection, water, electricity, gas, insurance
- Tax Lot 1
- Assessor Parcel Number 020526617646500
Community Details
Overview
- No Home Owners Association
- 4 Units
- 3-Story Building
- Ferndale Subdivision
Building Details
- Income includes apartment rentals
- Insurance Expense $1,648
- Manager Expense $1,500
- Other Expense $3,972
- Operating Expense $6,785
- Gross Income $45,400
- Net Operating Income $45,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2020
Closed on
Jun 12, 2020
Sold by
Christiansen Dane
Bought by
Klose Gerhard J and Klose Merrilea C
Seller's Agent
Ben Holmes
Compass
List Price
$399,000
Sold Price
$394,000
Premium/Discount to List
-$5,000
-1.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,773
Avg. Annual Appreciation
4.24%
Original Mortgage
$288,750
Outstanding Balance
$255,955
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$238,818
Purchase Details
Closed on
Sep 16, 1982
Bought by
Blanch Virginia M and Blanch David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
15.56%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Klose Gerhard J | $390,000 | Progressive Title Corp | |
| Blanch Virginia M | $72,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Klose Gerhard J | $288,750 | |
| Previous Owner | Blanch Virginia M | $59,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/12/2020 06/12/20 | Sold | $394,000 | -1.3% | $205 / Sq Ft | |
| 05/01/2020 05/01/20 | Pending | -- | -- | -- | |
| 04/17/2020 04/17/20 | For Sale | $399,000 | +3.6% | $208 / Sq Ft | |
| 07/17/2018 07/17/18 | Sold | $385,000 | -2.5% | $201 / Sq Ft | View Prior Sale |
| 06/13/2018 06/13/18 | Pending | -- | -- | -- | |
| 11/29/2017 11/29/17 | For Sale | $395,000 | 0.0% | $206 / Sq Ft | |
| 11/09/2017 11/09/17 | Pending | -- | -- | -- | |
| 09/12/2017 09/12/17 | For Sale | $395,000 | -- | $206 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $5,046 | $365,400 | $179,800 | $185,600 |
| 2024 | $5,046 | $341,133 | $0 | $0 |
| 2023 | $4,694 | $316,867 | $0 | $0 |
| 2022 | $4,170 | $292,600 | $153,200 | $139,400 |
| 2021 | $4,145 | $290,233 | $0 | $0 |
| 2020 | $3,994 | $287,867 | $0 | $0 |
| 2019 | $3,972 | $285,500 | $153,200 | $132,300 |
| 2018 | $2,765 | $272,667 | $0 | $0 |
| 2017 | $3,516 | $259,833 | $0 | $0 |
| 2016 | -- | $247,000 | $0 | $0 |
| 2015 | -- | $234,200 | $0 | $0 |
| 2014 | -- | $221,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Holmes
-
Chris Cooke
Seller's Agent in 2018
Chris Cooke
Berkshire Hathaway HomeServices Homesale Realty
(443) 802-2728
583 Total Sales
Map
Source: Bright MLS
MLS Number: MDAA431518
APN: 05-266-17646500
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