NOT LISTED FOR SALE

Estimated Value: $254,000 - $464,810

-- Bed
3 Baths
3,432 Sq Ft
$105/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $435,000 $127 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $2,143/month

4 Days on Market

Highlights

  • Central Heating and Cooling System
  • Back Yard
  • 3-minute walk to Park at Ducatel Street

About This Home

As of November 2023

Opportunity Awaits! This triplex is the perfect investment, with Unit 2 and Unit 3 renovated in 2022 and Unit 1 renovated in 2019. Unit 1 is a first floor unit, offering 2 bedrooms, 1 full bath renovated in 2019 (No Central Air). Unit 2 is around 785 sqft with 2 bedrooms and 1 full bath, fully renovated in 2022 which included LVP flooring throughout, renovated bathroom and kitchen, stainless steel appliances, washer/dryer and granite counter tops. (Electrical was upgraded, HVAC System replaced includes central air and hot water heater 2023) Unit 3 on the upper floor is around 1,049 sqft including 3 bedrooms and 1 full bath, fully renovated in 2022 which included LVP flooring throughout, renovated bathroom and
redesigned kitchen area , stainless steel appliances, full size washer/dryer with a separate laundry room and granite counter tops. (Electrical was upgraded, HVAC System replaced includes central air). The unfished basement offers opportunity for storage rentals, a possible fourth unit or personal storage. Each unit is metered separately for gas and electric. Conveniently located in the Reservoir Hill Community with exciting projects in process such as "Reservoir Square" bringing retail & shopping to the area plus the near completion of Druid Hill Lake/Park scheduled for later this year.
** GROUND RENT: Seller redeemed the ground rent in 2018, but was not recorded. Seller is in the process of getting this corrected.

Last Agent to Sell the Property

Cody Bishop

Tidewater Realty Group, LLC License #5001753 Listed on: 10/20/2023

Last Buyer's Agent

Jennifer Gordon

Allfirst Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,417

Year Built

  • Built in 1905

Lot Details

  • 2,430 Sq Ft Lot
  • Back Yard
  • Ground Rent of $120 semi-annually

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Central Heating and Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 056
  • Assessor Parcel Number 0313113446 056

Community Details

Overview

  • 3 Units
  • Reservoir Hill Subdivision

Building Details

  • Income includes apartment rentals
  • Gross Income $42,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,417

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Ground Rent
  • New Construction: No
  • Expected On Market: 2023-10-20
  • Year Built: 1905
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Unfinished, Full
  • Total Sq Ft: 4676
  • Living Area Sq Ft: 3432
  • Price Per Sq Ft: 116.55
  • Above Grade Finished Sq Ft: 3432
  • Below Grade Sq Ft: 1244
  • Total Below Grade Sq Ft: 1244
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2207

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: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator, Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • School District Key: 121137830454
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2430.00
  • Year Assessed: 2023
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Amt: 120.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Semi-Annually
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2417.00
  • Assessor Parcel Number: 0313113446 056
  • Tax Lot: 056
  • Tax Total Finished Sq Ft: 3432
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/30/2023

Multi Family

  • Gross Scheduled Income: 42240.00
  • Income Expense List: Annual Ground Rent
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Nov 17, 2023
Sold by
Riverlook Ventures Llc
Bought by
White Marquitta and Smith Garric
Seller's Agent
Cody Bishop
Tidewater Realty Group, LLC
Buyer's Agent
Jennifer Gordon
Allfirst Realty, Inc.
List Price
$400,000
Sold Price
$435,000
Premium/Discount to List
$35,000
8.75%
Views
63
Current Estimated Value
$350,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$84,410
Avg. Annual Appreciation
-12.46%
Original Mortgage
$403,750
Outstanding Balance
$389,089
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
-$41,709

Purchase Details

Listed on
Oct 20, 2023
Closed on
Oct 30, 2023
Sold by
M-A Funding Inc and Mid Atlantic Funding Co
Bought by
Riverlook Ventures Llc
Seller's Agent
Cody Bishop
Tidewater Realty Group, LLC
Buyer's Agent
Jennifer Gordon
Allfirst Realty, Inc.
List Price
$400,000
Sold Price
$435,000
Premium/Discount to List
$35,000
8.75%
Views
63

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,750
Outstanding Balance
$389,089
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
-$41,709

Purchase Details

Listed on
May 31, 2017
Closed on
Sep 14, 2018
Sold by
City Homes Patriots I Llc
Bought by
Riverlook Ventures Llc
Seller's Agent
Nick Luciani
Alex Cooper Auctioneers, Inc.
Buyer's Agent
Nick Luciani
Alex Cooper Auctioneers, Inc.
List Price
$50,000
Sold Price
$197,400
Premium/Discount to List
$147,400
294.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.41%
Source: Public Records

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
White Marquitta $435,000 Universal Title
Riverlook Ventures Llc $2,000 None Listed On Document
Riverlook Ventures Llc $197,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Marquitta $403,750
Previous Owner Farmers 8 Merchants Bank $304,500
Previous Owner Riverlook Ventures Llc $206,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $435,000 +8.8% $127 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $400,000 +102.6% $117 / Sq Ft
09/18/2018 09/18/18 Sold $197,400 +294.8% $58 / Sq Ft
08/09/2018 08/09/18 Pending -- -- --
07/09/2018 07/09/18 Price Changed $50,000 0.0% $15 / Sq Ft
07/09/2018 07/09/18 For Sale $50,000 +100.0% $15 / Sq Ft
01/29/2018 01/29/18 For Sale $25,000 0.0% $7 / Sq Ft
06/27/2017 06/27/17 Pending -- -- --
05/31/2017 05/31/17 For Sale $25,000 -- $7 / 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 $2,681 $120,000 $55,000 $65,000
2024 $2,681 $114,133 $0 $0
2023 $2,543 $108,267 $0 $0
2022 $2,417 $102,400 $55,000 $47,400
2021 $2,417 $102,400 $55,000 $47,400
2020 $2,417 $102,400 $55,000 $47,400
2019 $810 $106,500 $55,000 $51,500
2018 $814 $105,533 $0 $0
2017 $814 $104,567 $0 $0
2016 $726 $103,600 $0 $0
2015 $726 $98,367 $0 $0
2014 $726 $93,133 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2102696

Bright MLS

APN: 3446-056