NOT LISTED FOR SALE

Estimated Value: $368,000 - $475,823

-- Bed
7 Baths
2,924 Sq Ft
$144/Sq Ft Est. Value

Last Sold March 02, 2021

Last sale price $359,043 $123 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,024/month

13 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Forced Air Heating System
  • Wood Flooring
  • 1 Car Detached Garage
  • 1-minute walk to Neighborhood Playground

About This Home

As of March 2021

A great opportunity to own an income-producing property in a celebrated Baltimore neighborhood! Take advantage of today s low interest rates and capture a 15.8% cash-on-cash return on investment and a 9.17% cap rate on this building!2012 North Calvert has 3 2-bedroom apartments, 1 1-bedroom apartment, and a 1-car garage. With all pvc and copper plumbing, a newer rubber roof, and modern bathrooms and kitchens, a new owner can expect low maintenance costs. Each unit is separately metered for gas & electric.Charles North is known for its eclectic art and music venues, alongside many niche bars and restaurants. Located centrally in Baltimore and directly north of Penn Station, tenants have an easy commute to Baltimore or the D.C. area. 2012 North Calvert has a WalkScore of 92, and TransitScore of 76, and a BikeScore of 87.Call today to schedule a tour!Investment Summary:$345,000$86,250 Per Unit$157 Per Sq. Ft.11.7 Times Actual Rent (GRM)8.0 Times Market Rent (GRM)9.17% Cap Rate15.8% Cash-on-Cash Return

Last Listed By

Tom Fair

Ben Frederick Realty, Inc. Listed on: 04/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,608

Year Built

  • Built in 1890

Lot Details

  • 1,466 Sq Ft Lot
  • Ground Rent of $120 semi-annually
  • Property is in very good condition

Parking

  • 1 Car Detached Garage
  • Rear-Facing Garage

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Rubber Roof

Flooring

  • Wood
  • Ceramic Tile

Utilities

  • Forced Air Heating System
  • 200+ Amp Service
  • Multi-Tank Hot Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tax Lot 023
  • Assessor Parcel Number 0312083808 023

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $42,900
  • Net Operating Income $31,621

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,608

Year Built

Built in 1890

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Ground Rent
  • Exclusions: Tenants' possessions
  • New Construction: No
  • Year Built: 1890
  • Remarks Public: A great opportunity to own an income-producing property in a celebrated Baltimore neighborhood! Take advantage of today s low interest rates and capture a 15.8% cash-on-cash return on investment and a 9.17% cap rate on this building!2012 North Calvert has 3 2-bedroom apartments, 1 1-bedroom apartment, and a 1-car garage. With all pvc and copper plumbing, a newer rubber roof, and modern bathrooms and kitchens, a new owner can expect low maintenance costs. Each unit is separately metered for gas & electric.Charles North is known for its eclectic art and music venues, alongside many niche bars and restaurants. Located centrally in Baltimore and directly north of Penn Station, tenants have an easy commute to Baltimore or the D.C. area. 2012 North Calvert has a WalkScore of 92, and TransitScore of 76, and a BikeScore of 87.Call today to schedule a tour!Investment Summary:$345,000$86,250 Per Unit$157 Per Sq. Ft.11.7 Times Actual Rent (GRM)8.0 Times Market Rent (GRM)9.17% Cap Rate15.8% Cash-on-Cash Return
  • Special Features: None

Interior Features

  • Flooring Type: Ceramic Tile, Hardwood
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Basement: Yes
  • Total Sq Ft: 2924
  • Living Area Sq Ft: 2924
  • Price Per Sq Ft: 157.32
  • Above Grade Finished Sq Ft: 2193
  • Below Grade Finished Sq Ft: 731
  • Total Below Grade Sq Ft: 731
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2012

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • 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 Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Multi-Tank
  • 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: 65200.00
  • Land Assessed Value: 90000.00
  • Land Use Code: 003
  • Lot Size Acres: 0.03
  • Lot Dimensions: 17'3" x 85'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1466.00
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 120.00
  • Ground Rent Pymnt Freq: Semi-Annually
  • Rent Control: No
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12952781
  • Tax Annual Amount: 3608.00
  • Assessor Parcel Number: 0312083808 023
  • Tax Lot: 023
  • Tax Total Finished Sq Ft: 2193
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/02/2021

Multi Family

  • Gross Scheduled Income: 42900.00

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2020
Closed on
Mar 2, 2021
Sold by
Eos Md Ii Llc
Bought by
Winikoff Nicholas
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
John Keister
Keller Williams Gateway LLC
List Price
$345,000
Sold Price
$359,043
Premium/Discount to List
$14,043
4.07%
Total Days on Market
13
Current Estimated Value
$421,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,869
Avg. Annual Appreciation
4.52%
Original Mortgage
$352,539
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
May 9, 2016
Sold by
Polakoff Lawrence and The Herschel Polakoff 1999 Rev
Bought by
Rusch Llc

Purchase Details

Closed on
Mar 30, 2016
Sold by
King Steven and The Herschel Polakoff 1999 Rev
Bought by
Polakoff Anthony and Polakoff Samuel

Purchase Details

Closed on
Aug 4, 2011
Sold by
Harrison Timothy R
Bought by
Eos Md Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.52%
Mortgage Type
New Conventional

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
Winikoff Nicholas $359,043 Sanctuary Title
Rusch Llc $95,157 Attorney
Polakoff Anthony -- Attorney
King Steven -- Attorney
Eos Md Ii Llc $41,000 --
Eos Md Ii Llc $41,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Winikoff Nicholas $352,539
Previous Owner Murray Anthony $103,500
Previous Owner Eos Md Ii Llc $45,000
Previous Owner Eos Md Ii Llc $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2021 03/02/21 Sold $359,043 +4.1% $123 / Sq Ft
05/11/2020 05/11/20 Pending -- -- --
04/28/2020 04/28/20 For Sale $345,000 -- $118 / 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 $7,944 $338,200 $0 $0
2023 $7,616 $322,700 $0 $0
2022 $7,250 $307,200 $90,000 $217,200
2021 $3,645 $154,433 $0 $0
2020 $3,627 $153,667 $0 $0
2019 $3,591 $152,900 $90,000 $62,900
2018 $3,608 $152,867 $0 $0
2017 $3,607 $152,833 $0 $0
2016 $2,071 $152,800 $0 $0
2015 $2,071 $135,200 $0 $0
2014 $2,071 $117,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA507846

Bright MLS

APN: 3808-023