NOT LISTED FOR SALE

2012 N Calvert St Baltimore, MD 21218

Barclay Neighborhood

Estimated Value: $493,804 - $614,000

-- Bed
7 Baths
2,924 Sq Ft
$189/Sq Ft Est. Value

Last Sold March 02, 2021

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

Est. 54% increase in value since last sale

Current estimated payment $3,610/month

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 Agent to Sell the Property

Tom Fair

(410) 235-5200 tom@benfrederick.com Ben Frederick Realty, Inc. Listed on: 04/28/2020

Last Buyer's Agent

John Keister

(410) 800-3313 johnhasthis@gmail.com Keller Williams Gateway LLC License #659053

Keller Williams Gateway LLC

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%
Current Estimated Value
$553,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,859
Avg. Annual Appreciation
9.88%
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
Source: Public Records

Range of Values:

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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 Eos Md Ii Llc $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $7,944 $353,700 $90,000 $263,700
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

  • Tom Fair

    Seller's Agent in 2021

    Tom Fair

    Ben Frederick Realty, Inc.

    (410) 235-5200

    2 in this area

    48 Total Sales

    Tom Fair
    Section Image
  • John Keister

    Buyer's Agent in 2021

    John Keister

    Keller Williams Gateway LLC

    (410) 800-3313

    1 in this area

    47 Total Sales

    John Keister
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA507846

Bright MLS

APN: 3808-023

Maryland Baltimore City County Baltimore 21218 Barclay

2012 N Calvert St, Baltimore, MD

This home is located at 2012 N Calvert St, Baltimore, MD 21218 since 28 April 2020 and is currently estimated at $553,902, approximately $189 per square foot. This property was built in 1890. 2012 N Calvert St is a home located in Baltimore City with nearby schools including Booker T. Washington Middle School, Paul Laurence Dunbar Community High School, and Frederick Douglass High School.

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