Seller's Agent in 2022
Nick Luciani
Alex Cooper Auctioneers, Inc.
(443) 841-2221
1 in this area
14 Total Sales
221 E 25th St Baltimore, MD 21218
Barclay NeighborhoodEstimated Value: $653,000 - $658,641
Studio
4
Baths
4,697
Sq Ft
$140/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Forced Air Heating and Cooling System
- 2-minute walk to Margaret Brent Playground
About This Home
As of September 2022** LIST PRICE IS OPENING BID ONLY ** TIMED ONLINE AUCTION! Auction registration & bidding begins Thursday, July 28th @ 2:00pm and ends Tuesday, August 2nd @ 2:00pm. $15,000 Deposit in order to participate in the auction and a Deposit of 10% of the Purchase Price is due from the winning Bidder within ONE BUSINESS DAY of the conclusion of the auction. Exceptional opportunity to purchase a fully leased, renovated (in 2014) and well-maintained 4-unit apartment building, conveniently located at the Southern edge of the "Charles Village" community of Baltimore City. The building is MDE Certified Lead-Free. The property was granted a 10 year Baltimore City CHAP tax credit in 2014 which will expire in 2024. The attached two-story brick and frame porchfront building contains 3,432 +/- sq. ft. of above-grade building area and 1,265 sq. ft. of below-grade (basement) area. The property is also improved by a concrete paved parking pad in the rear. The units are self-contained with gas forced air heating systems, central air conditioning systems, electric hot water heaters and washers and dryers. Each unit is separately metered for gas and electric and the tenants are responsible for paying their own utility bills for gas and electric. Landlord pays for cold water and common area electric. Apartment 1 - Two-bedroom/1bath: $1,200/month Apartment 2 - Two-bedroom/1bath: $1,250/month Apartment 3 - Two-bedroom/1bath: $1,250/month Apartment 4 - Two-bedroom/1bath: $1,300/month Gross Scheduled Monthly Rent = $5,000/month Gross Scheduled Annual Rent = $60,000/year. Typical finishes for the units include stainless steel appliances in the kitchens; wood and ceramic tile floors; drywall and exposed brick walls; drywall ceilings; recessed lighting, ceiling fans and replacement windows. The basement is full, partially finished and contains a sump pump. ** A copy of the rent roll, lead-free lead certificate, leases, multi-family dwelling license, CHAP tax credit letter, Baltimore City block plat and the purchase and sale agreement including assorted addenda are available for review on the auctioneer's website. ** Thank you for your interest!
Last Agent to Sell the Property
(443) 841-2221 nick@alexcooper.com Alex Cooper Auctioneers, Inc. Listed on: 07/11/2022
Last Buyer's Agent
datacorrect@brightmls.com Non Subscribing Office License #0225194075
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,204
Year Built
- Built in 1900
Lot Details
- Ground Rent of $80 semi-annually
Home Design
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Paved Parking
- On-Street Parking
- Parking Lot
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 027
- Assessor Parcel Number 0312143828 027
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2022
Closed on
Sep 27, 2022
Sold by
Urban Phoenix Holdings Corporation
Bought by
Roberts Bolaji Mary
Seller's Agent
Nick Luciani
Alex Cooper Auctioneers, Inc.
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$275,000
Sold Price
$577,500
Premium/Discount to List
$302,500
110%
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
$68,139
Avg. Annual Appreciation
3.94%
Original Mortgage
$433,125
Interest Rate
6.48%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 13, 2012
Sold by
Prisoners Aid Association Of Maryland In
Bought by
Cf Inc
Purchase Details
Closed on
Jun 29, 2007
Sold by
Johnson Timothy B
Bought by
Prisoners Aid Association Of and Maryland, Inc.
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,500
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 2, 2004
Sold by
Stop Renting Institute Of
Bought by
Johnson Timothy B
Purchase Details
Closed on
Jan 31, 2001
Sold by
Caguin M D Feodor C
Bought by
Stop Renting Institute Of and Maryland , The
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Roberts Bolaji Mary | $577,500 | First American Title | |
| Roberts Bolaji Mary | $577,500 | First American Title | |
| Cf Inc | $50,000 | None Available | |
| Prisoners Aid Association Of | $215,000 | -- | |
| Johnson Timothy B | $95,000 | -- | |
| Stop Renting Institute Of | $48,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Roberts Bolaji Mary | $433,125 | |
| Previous Owner | Prisoners Aid Association Of | $244,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/27/2022 09/27/22 | Sold | $577,500 | +110.0% | $123 / Sq Ft | |
| 08/02/2022 08/02/22 | Pending | -- | -- | -- | |
| 07/11/2022 07/11/22 | For Sale | $275,000 | +495.2% | $59 / Sq Ft | |
| 06/12/2013 06/12/13 | Sold | $46,200 | 0.0% | -- | View Prior Sale |
| 04/26/2013 04/26/13 | Off Market | $46,200 | -- | -- | |
| 04/25/2013 04/25/13 | Pending | -- | -- | -- | |
| 04/18/2013 04/18/13 | For Sale | $10,000 | -- | -- |
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 | $3,005 | $534,700 | $160,000 | $374,700 |
| 2024 | $3,005 | $489,800 | -- | -- |
| 2023 | $1,950 | $444,900 | $0 | $0 |
| 2022 | $898 | $400,000 | $120,000 | $280,000 |
| 2021 | $9,204 | $390,000 | $0 | $0 |
| 2020 | $1,171 | $411,567 | $0 | $0 |
| 2019 | $414 | $370,000 | $100,000 | $270,000 |
| 2018 | $1,842 | $440,000 | $100,000 | $340,000 |
| 2017 | $1,842 | $440,000 | $0 | $0 |
| 2016 | -- | $440,000 | $0 | $0 |
| 2015 | -- | $60,000 | $0 | $0 |
| 2014 | -- | $60,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Luciani
-
datacorrect BrightMLS
d
Buyer's Agent in 2022
datacorrect BrightMLS
Non Subscribing Office
-
Paul Cooper
Seller Co-Listing Agent in 2013
Paul Cooper
Alex Cooper Auctioneers, Inc.
(410) 977-4707
131 Total Sales
Map
Source: Bright MLS
MLS Number: MDBA2052438
APN: 3828-027
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