NOT LISTED FOR SALE

2405 Maryland Ave Baltimore, MD 21218

Estimated Value: $430,074 - $434,000

-- Bed
3 Baths
2,466 Sq Ft
$175/Sq Ft Est. Value

Last Sold July 09, 2019

Last sale price $315,000 $128 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,927/month

16 Days on Market

Highlights

  • Federal Architecture
  • Wood Flooring
  • Brick Porch or Patio
  • Deck
  • No HOA
  • Hot Water Heating System

About This Home

As of July 2019

Handsome turn key three unit fully occupied Multi-Unit.Tenants pay ALL utilities.Renovated. Updated plumbing &electrical. Split Mitsubishi units in each apartment. Solid revenue stream. See proforma in documents. Great Investment for first time investment or expanding your portfolio.

Last Agent to Sell the Property

Suzanne Ludwig

Cummings & Co. Realtors Listed on: 03/03/2019

Cummings & Co. Realtors

Last Buyer's Agent

Joel Goldman

Monument Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,913

Year Built

  • Built in 1900

Parking

  • On-Street Parking

Home Design

  • 2,466 Sq Ft Home
  • Triplex
  • Federal Architecture
  • Brick Exterior Construction

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Outdoor Features

  • Deck
  • Brick Porch or Patio

Schools

  • Baltimore City College High School

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater
  • Municipal Trash

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 003
  • Assessor Parcel Number 0312063624 003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,913

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: All appliances in each unit. Washer in basement
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Handsome turn key three unit fully occupied Multi-Unit.Tenants pay ALL utilities.Renovated. Updated plumbing &electrical. Split Mitsubishi units in each apartment. Solid revenue stream. See proforma in documents. Great Investment for first time investment or expanding your portfolio.
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Fireplace: No
  • Basement: Yes
  • Total Sq Ft: 2466
  • Living Area Sq Ft: 2466
  • Price Per Sq Ft: 137.47
  • Above Grade Finished Sq Ft: 2466
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2405

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape
  • 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: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 118200.00
  • Land Assessed Value: 90000.00
  • Land Use Code: 003
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s), Brick
  • Year Assessed: 2019
  • Zoning: OR-1
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Rent Control: No
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12952456
  • Tax Annual Amount: 4913.00
  • Assessor Parcel Number: 0312063624 003
  • Tax Lot: 003
  • Tax Total Finished Sq Ft: 2466
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2019
  • Close Date: 07/09/2019

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2019
Closed on
Jul 23, 2019
Sold by
Gsm 2405 Maryland Avenue Llc
Bought by
Ruhs Sebastian
Seller's Agent
Suzanne Ludwig
Cummings & Co. Realtors
Buyer's Agent
Joel Goldman
Monument Sotheby's International Realty
List Price
$339,000
Sold Price
$315,000
Premium/Discount to List
-$24,000
-7.08%
Total Days on Market
16
Current Estimated Value
$432,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,037
Avg. Annual Appreciation
4.93%
Original Mortgage
$236,250
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 20, 2016
Closed on
Sep 8, 2016
Sold by
Menchey Earl Wayne and Menchey Linda Kay
Bought by
Gsm 2405 Maryland Avenue Llc
Seller's Agent
Andrew Johns
Keller Williams Gateway LLC
Buyer's Agent
Angela Vavasori
Cummings & Co. Realtors
List Price
$99,900
Sold Price
$100,000
Premium/Discount to List
$100
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.78%
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
Ruhs Sebastian $315,000 Definitive Title Llc
Gsm 2405 Maryland Avenue Llc $100,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruhs Sebastian $240,000
Closed Ruhs Sebastian $236,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2019 07/09/19 Sold $315,000 -7.1% $128 / Sq Ft
04/12/2019 04/12/19 For Sale $339,000 0.0% $137 / Sq Ft
03/19/2019 03/19/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $339,000 +7.6% $137 / Sq Ft
03/03/2019 03/03/19 Off Market $315,000 -- --
03/03/2019 03/03/19 For Sale $339,000 +239.0% $137 / Sq Ft
09/06/2016 09/06/16 Sold $100,000 +0.1% $41 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
08/20/2016 08/20/16 For Sale $99,900 -- $41 / 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 $7,094 $319,200 $90,000 $229,200
2024 $7,094 $302,033 $0 $0
2023 $6,691 $284,867 $0 $0
2022 $6,318 $267,700 $90,000 $177,700
2021 $5,850 $247,867 $0 $0
2020 $5,382 $228,033 $0 $0
2019 $4,890 $208,200 $90,000 $118,200
2018 $4,914 $208,200 $90,000 $118,200
2017 $4,914 $208,200 $0 $0
2016 $4,140 $208,200 $0 $0
2015 $4,140 $197,067 $0 $0
2014 $4,140 $185,933 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA437624

Bright MLS

APN: 3624-003