NOT LISTED FOR SALE

Estimated Value: $112,000 - $169,840

-- Bed
-- Bath
-- Sq Ft
1,278 Sq Ft Lot

Last Sold July 14, 2023

Last sale price $162,750

Est. 12% decrease in value since last sale

Current estimated payment $895/month

74 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Radiator
  • 4-minute walk to King and Kennedy Park
  • Central Air

About This Home

As of July 2023

The property is currently leased to one commercial and one residential tenant for a total of $2,000/month, or $24,000 annually. The auction provides an opportunity to buy a large, corner building in a location that has been steadily increasing in demand for several years. The building is well situated for a variety of uses, including single family, multi-family and mixed-use. Current occupancy provides immediate cash flow with long-term added value possibilities.

Last Agent to Sell the Property

Charles Billig

A.J. Billig & Company Listed on: 03/27/2023

Co-Listed By

Luis Arrazola

A.J. Billig & Company License #676566

Last Buyer's Agent

Charles Billig

A.J. Billig & Company Listed on: 03/27/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,416

Year Built

  • Built in 1920

Lot Details

  • 1,278 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Siding
  • Stucco

Flooring

  • Laminate
  • Ceramic Tile

Utilities

  • Central Air
  • Radiator
  • Heat Pump System
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 016
  • Assessor Parcel Number 0312143824 016

Community Details

Overview

  • 2 Units
  • Barclay Subdivision

Building Details

  • Income includes shop rentals, apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,416

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Ceramic Tile, Laminated
  • Foundation Details: Other
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2331

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stucco, Stone
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • 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 Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1278.00
  • Year Assessed: 2023
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Total Actual Rent: 24000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1416.00
  • Assessor Parcel Number: 0312143824 016
  • Tax Lot: 016
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 07/14/2023

Multi Family

  • Income Includes: Shop Rentals, Apartment Rentals

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
Jul 14, 2023
Sold by
Chase Street Realty Llc
Bought by
Razan 540 Convenient Llc
Seller's Agent
Charles Billig
A.J. Billig & Company
Buyer's Agent
Charles Billig
A.J. Billig & Company
List Price
$75,000
Sold Price
$162,750
Premium/Discount to List
$87,750
117%
Views
143
Current Estimated Value
$143,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,803
Avg. Annual Appreciation
-0.96%

Purchase Details

Listed on
Oct 21, 2021
Closed on
Dec 9, 2021
Sold by
Tyrone Armstead
Bought by
Chase Street Realty Llc
Seller's Agent
Charles Billig
A.J. Billig & Company
Buyer's Agent
Charles Billig
A.J. Billig & Company
List Price
$75,000
Sold Price
$131,440
Premium/Discount to List
$56,440
75.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.38%
Original Mortgage
$120,000
Interest Rate
3.1%
Mortgage Type
New Conventional
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
Razan 540 Convenient Llc $162,750 Fidelity National Title
Chase Street Realty Llc $131,440 Trimble Terry L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Razan 540 Convenient Llc $100,000
Previous Owner Chase Street Realty Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $162,750 -1.4% --
06/09/2023 06/09/23 Pending -- -- --
05/22/2023 05/22/23 Price Changed $165,000 -17.5% --
04/26/2023 04/26/23 Price Changed $200,000 +166.7% --
03/27/2023 03/27/23 For Sale $75,000 -42.9% --
12/09/2021 12/09/21 Sold $131,440 +75.3% $47 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $75,000 -- $27 / 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 $1,409 $60,000 $12,000 $48,000
2024 $1,409 $60,000 $12,000 $48,000
2023 $1,409 $60,000 $12,000 $48,000
2022 $1,416 $60,000 $12,000 $48,000
2021 $1,416 $60,000 $12,000 $48,000
2020 $1,416 $60,000 $12,000 $48,000
2019 $3,523 $150,000 $35,000 $115,000
2018 $3,540 $150,000 $35,000 $115,000
2017 $3,540 $150,000 $0 $0
2016 $3,079 $150,000 $0 $0
2015 $3,079 $143,333 $0 $0
2014 $3,079 $136,667 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2079972

Bright MLS

APN: 3824-016