NOT LISTED FOR SALE

231 S Highland Ave Baltimore, MD 21224

Highlandtown Neighborhood

Estimated Value: $237,000 - $357,176

Studio
2 Baths
1,680 Sq Ft
$177/Sq Ft Est. Value

Sale Details

Date Sold: December 16, 2013

Last sale price $130,000 $77 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $1,996 / mo

39 Days on Market

Highlights

  • Space For Rooms
  • 1 Car Attached Garage
  • Ceiling Fan
  • No HOA
  • Window Unit Cooling System
  • Radiator

About This Home

As of December 2013

Opportunity is knocking at Storefront-Potential 8-9% return on investment opt w/ income producing property, storefront & garage parking, zoned R8 (buyer to verify) w/ over 2500 sq ft of space: w/ Cash Acquisition of $149K + estimate $100K in renovations (buyer to verify), potential residential rent $1750/mo + potential $420/mo storefront. minus taxes & insurance= potentially $22K net annually.

Last Agent to Sell the Property

Jaime Gervasi

(443) 318-8800 broker@kwgatewayhomes.com Keller Williams Gateway LLC License #604241 Listed on: 10/01/2013

Keller Williams Gateway LLC

Last Buyer's Agent

Robert Kaetzel

(410) 918-9740 robert@reprofessionals.com Real Estate Professionals, Inc. License #506265

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • Property is in below average condition

Parking

  • 1 Car Attached Garage
  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Stove

Improved Basement

  • Connecting Stairway
  • Space For Rooms
  • Basement Windows

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for real estate taxes, insurance, all utilities
  • Tax Lot 001
  • Assessor Parcel Number 0326166301 001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes parking, professional offices
  • Operating Expense $7,788

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Stove, Refrigerator
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Improved, Connecting Stairway, Space For Rooms, Windows
  • Price Per Sq Ft: 88.69

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • 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
  • Parking Features: Garage
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas, Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 94700.00
  • Land Assessed Value: 60000.00
  • Lot Size Units: Square Feet
  • Property Condition: Below Average
  • Zoning: 8
  • In City Limits: Yes

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Taxes - Real Estate, Insurance, All Utilities
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13056387
  • Tax Annual Amount: 3650.92
  • Assessor Parcel Number: 0326166301 001
  • Tax Lot: 001
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013

Multi Family

  • Gross Income: 14400.00
  • Income Includes: Parking, Professional Offices
  • Metering: Electric Separate
  • Operating Expense: 7788.00
  • Vacancy Allowance Rate: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2013
Closed on
Dec 16, 2013
Sold by
Schaum Michael A
Bought by
Infante Nunez Wilson L and Lugo Infante Nury T
Seller's Agent
Jaime Gervasi
Keller Williams Gateway LLC
Buyer's Agent
Robert Kaetzel
Real Estate Professionals, Inc.
List Price
$159,001
Sold Price
$130,000
Premium/Discount to List
-$29,001
-18.24%
Current Estimated Value
$306,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,107
Avg. Annual Appreciation
6.89%
Original Mortgage
$121,000
Outstanding Balance
$87,955
Interest Rate
13.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$209,133

Purchase Details

Closed on
May 16, 2013
Sold by
Schaum Matthew Scott
Bought by
Schaum Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
13.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2005
Sold by
Schaum Michael A
Bought by
Schaum Matthew Scott

Purchase Details

Closed on
Feb 3, 2000
Sold by
Mirabile Rocco
Bought by
Schaum Michael A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Infante Nunez Wilson L $130,000 None Available
Schaum Michael A -- None Available
Schaum Matthew Scott -- --
Schaum Michael A $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Infante Nunez Wilson L $121,000
Previous Owner Schaum Michael A $121,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2013 12/16/13 Sold $130,000 0.0% $77 / Sq Ft
12/16/2013 12/16/13 Sold $130,000 -12.8% $77 / Sq Ft View Prior Sale
11/09/2013 11/09/13 Pending -- -- --
11/09/2013 11/09/13 Pending -- -- --
10/12/2013 10/12/13 Price Changed $149,000 -6.3% $89 / Sq Ft
10/08/2013 10/08/13 Price Changed $159,000 0.0% $95 / Sq Ft
10/01/2013 10/01/13 Price Changed $159,001 0.0% $95 / Sq Ft
10/01/2013 10/01/13 For Sale $159,001 0.0% $95 / Sq Ft
09/23/2013 09/23/13 Price Changed $159,000 0.0% $95 / Sq Ft
09/19/2013 09/19/13 Price Changed $159,001 0.0% $95 / Sq Ft
09/06/2013 09/06/13 Price Changed $159,000 0.0% $95 / Sq Ft
09/03/2013 09/03/13 Price Changed $159,001 0.0% $95 / Sq Ft
08/25/2013 08/25/13 Price Changed $159,000 0.0% $95 / Sq Ft
08/19/2013 08/19/13 Price Changed $159,001 0.0% $95 / Sq Ft
07/12/2013 07/12/13 For Sale $159,000 -- $95 / Sq Ft
Source: Bright MLS

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 $4,345 $189,700 $60,000 $129,700
2024 $4,345 $185,000 -- --
2023 $4,235 $180,300 $0 $0
2022 $4,144 $175,600 $60,000 $115,600
2021 $3,998 $169,400 $0 $0
2020 $3,852 $163,200 $0 $0
2019 $3,688 $157,000 $60,000 $97,000
2018 $3,705 $157,000 $60,000 $97,000
2017 $3,705 $157,000 $0 $0
2016 $2,305 $157,000 $0 $0
2015 $2,305 $156,233 $0 $0
2014 $2,305 $155,467 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jaime Gervasi

    Seller's Agent in 2013

    Jaime Gervasi

    Keller Williams Gateway LLC

    (410) 830-9435

    117 Total Sales

    Jaime Gervasi
    Section Image
  • Robert Kaetzel

    Buyer's Agent in 2013

    Robert Kaetzel

    Real Estate Professionals, Inc.

    (410) 916-8200

    357 Total Sales

    Robert Kaetzel
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003735054

Bright MLS

APN: 6301-001

Maryland Baltimore City County Baltimore 21224 Highlandtown

231 S Highland Ave, Baltimore, MD

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