2022 N Calvert St Baltimore, MD 21218
Barclay Neighborhood
--
Bed
--
Bath
3,196
Sq Ft
1,449
Sq Ft Lot
Highlights
- Gourmet Kitchen
- Federal Architecture
- Ceiling height of 9 feet or more
- Open Floorplan
- Marble Flooring
- 1-minute walk to Neighborhood Playground
About This Home
As of February 2022**Rent Income Just Increased $475/m above when first listed. Rent can be increased an additional $250/m when next below market unit renews. Present Cap Rate of 6.89 would increase to 7.33**. Never Meant to Be Sold! Builder Built for Himself to Own for a Lifetime. Boasts 10 Year Historic CHAP Tax Credit, No Expense Spared Construction, Impeccable Finishes and is Fully Leased. Located Blocks from Penn Station in the Heart of the City and Just South of Johns Hopkins University. Extensive List of Documents are uploaded including Construction Info, Leasing/Licensing/Rental Registration, CHAP, Lead Free Certification, Rent Roll and Expenses. This is not Like your Friend’s Investment Property. 50K Solid Iron Staircase with Metal Railing. Treads and Risers will never need to be replaced from tenant move in/out damage. Sprinkler System and Central Fire Alarm System independently checks smoke detectors and informs Fire Station plus Oversized Windows Designed for Fire Department Rescue. ?Waterproofing Basement System consisting of not only perimeter French style drain/sump pump system but also Basement Walls are Brick for the First 16”-20” which is Higher than the Step-Down Walk-Out Basement so Water will flow out before touching wood or drywall. Roofing System is a 20 Year Thermoplastic Polyelfin (TPO) Synthetic Roof with the Firestone Manufacture Warranty, plus has Thermax Sheathing Rigid Foam Insulation and an Interior Roof Access Hatch. Building has 220 Volt/600 Amp and is All Electric. No Carbon Monoxide Safety Concerns. Energy Efficient Heat Pumps, Appliances and LED Lighting Throughout. Units Boast Expensive High-End Finishes. Kitchen and Bathroom Floors and Showers have?Gorgeous, High End Natural Stone Calcatta Marble with Absolute Black Granite Starts and Inlays. Shaker Kitchen Cabinets are Solid Wood and Coffee Stained and Counters are Uba Tuba Brazilian Granite. Solid Harwood Red Oak Floors extend in Living Room, Bedroom and Hallways. Double Wide, Full Room Width Closets, Lots of Light throughout from the Oversized Windows. Full Regular Size Stacked Washer and Dryers in each Unit. See Development Pictures showing Common Area staircase and Living Rooms with Absolutely Beautiful Exposed Brick Walls that have been Acid Washed and sealed with a special sand and White Cement finish. Passing CHAP required hiding this behind drywall but can be revealed post CHAP. CHAP was approved in 2020 and is good through 2030. Property Taxes are only $703/yr. ?Full Ground Up Renovation was done in 2016 and Includes Everything from Underpinned Basement, Sub Floors, Framing and All Mechanicals. Property is an A+. Current Rents are Slightly Below Market. Area Rents for One Bedroom Apartments are $1,400-$1,500/m. Tremendous Cash Flow Today and Easy Ability to Increase. Estimated 15% Cash on Cash Return with 20% Down Conventional Loan for Qualified Buyer at Current Rents. Units are Mirror Images of each other. Photos are of the 2nd?Floor Unit and accurately represent all units. Showings are Scheduled by Appointment Only with Listing Agent and Buyer Pre-Approval Required for All Showings to Minimize Tenant Disturbance. Owner Selling for Personal Reasons and is Liquidating Property Portfolio. This is an Easy Acquisition for a Value and Cash Flow Focused Investor.
Last Agent to Sell the Property
ExecuHome Realty License #621538 Listed on: 11/19/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $671
Year Built
- Built in 1890 | Remodeled in 2016
Lot Details
- 1,449 Sq Ft Lot
- Lot Dimensions are 17x85
- Sprinkler System
- Property is in excellent condition
Home Design
- Triplex
- Federal Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- Bathtub with Shower
- Open Floorplan
- Ceiling height of 9 feet or more
- Insulated Windows
- Double Hung Windows
- Sliding Windows
- Window Screens
- Insulated Doors
- Stacked Washer and Dryer
Kitchen
- Gourmet Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Upgraded Countertops
- Disposal
Flooring
- Solid Hardwood
- Marble
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Water Proofing System
- Drainage System
- Natural lighting in basement
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
Accessible Home Design
- Halls are 36 inches wide or more
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows with Low Emissivity
- Energy-Efficient HVAC
- Energy-Efficient Lighting
Utilities
- Central Air
- Heat Pump System
- Vented Exhaust Fan
- 220 Volts
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for real estate taxes, water, insurance, common area maintenance
- Tax Lot 018
- Assessor Parcel Number 0312083808 018
Community Details
Overview
- 3 Units
- 3-Story Building
Building Details
- Insurance Expense $907
- Gross Income $55,900
- Net Operating Income $53,852
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 19, 2021
Closed on
Feb 28, 2022
Sold by
Heritage Lofts Llc
Bought by
Reese Bryan
Seller's Agent
Dimitrios Lynch
ExecuHome Realty
Buyer's Agent
Jennifer Kussart
RE/MAX Aspire
List Price
$775,000
Sold Price
$775,000
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
-$141,438
Avg. Annual Appreciation
-5.59%
Original Mortgage
$792,825
Interest Rate
5%
Mortgage Type
VA
Purchase Details
Listed on
Nov 19, 2021
Closed on
Feb 18, 2022
Sold by
Heritage Lofts Llc
Bought by
Eileen C Thomas Revocable Trust and Major E Thomas Jr Revocable Trust
Seller's Agent
Dimitrios Lynch
ExecuHome Realty
Buyer's Agent
Jennifer Kussart
RE/MAX Aspire
List Price
$775,000
Sold Price
$775,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,825
Interest Rate
5%
Mortgage Type
VA
Purchase Details
Closed on
Aug 30, 2006
Sold by
Benowitz David
Bought by
Rj Holding Company Llc and Rj Holding Company Llc (Series 10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,150
Interest Rate
6.88%
Mortgage Type
Unknown
Purchase Details
Closed on
Nov 10, 2004
Sold by
Lsp Marketing Corporation
Bought by
Benowitz David
Purchase Details
Closed on
Oct 7, 2004
Sold by
Lsp Marketing Corporation
Bought by
Benowitz David
Similar Homes in Baltimore, MD
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $775,000 | Terrain Title | |
| Deed | $790,000 | New Line Title | |
| Deed | -- | -- | |
| Deed | $15,000 | -- | |
| Deed | $15,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $792,825 | VA | |
| Previous Owner | $318,150 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2022 02/28/22 | Sold | $775,000 | 0.0% | $242 / Sq Ft |
| 01/05/2022 01/05/22 | Pending | -- | -- | -- |
| 11/19/2021 11/19/21 | For Sale | $775,000 | +2770.4% | $242 / Sq Ft |
| 08/30/2012 08/30/12 | Sold | $27,000 | +8.0% | $11 / Sq Ft |
| 07/08/2012 07/08/12 | Price Changed | $25,000 | -9.1% | $10 / Sq Ft |
| 05/15/2012 05/15/12 | Price Changed | $27,500 | 0.0% | $11 / Sq Ft |
| 05/15/2012 05/15/12 | For Sale | $27,500 | +83.3% | $11 / Sq Ft |
| 02/17/2012 02/17/12 | Pending | -- | -- | -- |
| 01/24/2012 01/24/12 | For Sale | $15,000 | -- | $6 / 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 | $9,636 | $781,000 | $90,000 | $691,000 |
| 2024 | $9,636 | $590,900 | $0 | $0 |
| 2023 | $9,459 | $400,800 | $0 | $0 |
| 2022 | $708 | $210,700 | $90,000 | $120,700 |
| 2021 | $4,191 | $177,567 | $0 | $0 |
| 2020 | $634 | $144,433 | $0 | $0 |
| 2019 | $2,614 | $111,300 | $90,000 | $21,300 |
| 2018 | $1,934 | $81,967 | $0 | $0 |
| 2017 | $1,242 | $52,633 | $0 | $0 |
| 2016 | $497 | $23,300 | $0 | $0 |
| 2015 | $497 | $107,533 | $0 | $0 |
| 2014 | $497 | $103,767 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2022
Dimitrios Lynch
ExecuHome Realty
(410) 960-2949
4 in this area
188 Total Sales
-
Buyer's Agent in 2022
Jennifer Kussart
RE/MAX
(443) 986-8874
1 in this area
65 Total Sales
-
Seller's Agent in 2012
Gina Gargeu
Century 21 Downtown
(410) 929-1271
1 in this area
710 Total Sales
-
B
Buyer's Agent in 2012
Bill Bagwell
Long & Foster
Map
Source: Bright MLS
MLS Number: MDBA2015824
APN: 3808-018
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