NOT LISTED FOR SALE

25 Terrace Rd Essex, MD 21221

Estimated Value: $268,000 - $296,000

3 Beds
2 Baths
1,400 Sq Ft
$203/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $255,000 $182 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,805/month

25 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Stainless Steel Appliances
  • Workshop
  • Office or Studio
  • Storm Windows

About This Home

As of March 2024

Investor's Dream Alert! ?? Seize the opportunity at 25 Terrace Road, Essex, MD 21221. Exceptional tenants in place, and a recent appraisal valued at $280K guarantees instant equity. This gem, lovingly rehabbed within the past 5 years, promises hassle-free returns. Don't just invest, invest smart – your gateway to a lucrative real estate portfolio starts here!

This gem is Active again pending contract release. Tenants are ending their lease at the end of March. Property will be delivered vacant.

Title Work already complete at Certified Title Corp in Owings Mills can close in days if your lender is ready!

Last Agent to Sell the Property

Vida Kwateng-Pugh

Samson Properties License #596819 Listed on: 01/26/2024

Samson Properties

Last Buyer's Agent

Gylian Page

Hyatt & Company Real Estate, LLC License #5014132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,311

Year Built

  • Built in 1942 | Remodeled in 2019

Lot Details

  • 5,000 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Cape Cod Architecture
  • Colonial Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Stick Built Home

Interior Spaces

  • 1,400 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Bay Window
  • Storm Windows

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Laundry on upper level
  • Washer and Dryer Hookup

Unfinished Basement

  • Walk-Up Access
  • Rear Basement Entry
  • Workshop

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Private Parking
  • Off-Street Parking

Outdoor Features

  • Office or Studio
  • Shed
  • Storage Shed

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 04151523154880

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,311

Year Built

Built in 1942 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod, Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-01-26
  • Federal Flood Zone: No
  • Year Built: 1942
  • Year Renovated: 2019
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Investor's Dream Alert! 🌟 Seize the opportunity at 25 Terrace Road, Essex, MD 21221. Exceptional tenants in place, and a recent appraisal valued at $280K guarantees instant equity. This gem, lovingly rehabbed within the past 5 years, promises hassle-free returns. Don't just invest, invest smart – your gateway to a lucrative real estate portfolio starts here! This gem is Active again pending contract release. Tenants are ending their lease at the end of March. Property will be delivered vacant. Title Work already complete at Certified Title Corp in Owings Mills can close in days if your lender is ready!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Disposal, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances
  • Window Features: Bay/Bow, Storm
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Unfinished, Walkout Stairs, Workshop
  • Laundry Type: Hookup, Upper Floor, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1400
  • Living Area Sq Ft: 1400
  • Price Per Sq Ft: 189.21
  • Above Grade Finished Sq Ft: 1400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 25

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Office/Studio, Shed, Shed Shop, Storage Barn/Shed
  • Construction Materials: Stick Built, Vinyl Siding
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway, Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: BALTIMORE COUNTY PUBLIC SCHOOLS
  • School District Key: 121140087473
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Land Use Code: R
  • Lot Size Acres: 0.11
  • Lot Dimensions: 1.00 x
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 2311.00
  • Assessor Parcel Number: 04151523154880
  • Tax Lot: 16
  • Tax Total Finished Sq Ft: 1400
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 03/22/2024

MLS Schools

  • School District Name: BALTIMORE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
Mar 22, 2024
Sold by
Luvlie Home Essentials Llc
Bought by
Robiaiihix3de And Trust
Seller's Agent
Vida Kwateng-Pugh
Samson Properties
Buyer's Agent
Gylian Page
Hyatt & Company Real Estate, LLC
List Price
$264,900
Sold Price
$255,000
Premium/Discount to List
-$9,900
-3.74%
Views
219
Current Estimated Value
$283,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,568
Avg. Annual Appreciation
7.71%
Original Mortgage
$178,500
Outstanding Balance
$176,026
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$107,542

Purchase Details

Closed on
Oct 19, 2018
Sold by
Hartman Elwood H and Hartman Dawn
Bought by
Luvlie Home Essentials Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2008
Sold by
Mitcham Jack O
Bought by
Hartman Elwood H and Hartman Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,134
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2008
Sold by
Mitcham Jack O
Bought by
Hartman Elwood H and Hartman Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,134
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 27, 1990
Sold by
Jansen Gerald W
Bought by
Mitcham Jack O
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
Robiaiihix3de And Trust $255,000 None Listed On Document
Luvlie Home Essentials Llc $117,000 Eagle Premier Title Group Ll
Hartman Elwood H $238,000 --
Hartman Elwood H $238,000 --
Mitcham Jack O $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robiaiihix3de And Trust $178,500
Previous Owner Luvlie Home Essentials Llc $0
Previous Owner Luvlie Home Essentials Llc $13,000
Previous Owner Luvlie Home Essentials Llc $151,350
Previous Owner Luvlie Home Essentials Llc $19,500
Previous Owner Hartman Elwood H $239,676
Previous Owner Hartman Elwood H $236,134
Previous Owner Hartman Elwood H $236,134
Previous Owner Mitcham Jack O $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $255,000 -3.7% $182 / Sq Ft
02/21/2024 02/21/24 Pending -- -- --
01/26/2024 01/26/24 For Sale $264,900 0.0% $189 / Sq Ft
01/01/2020 01/01/20 Rented $1,750 0.0% --
12/17/2019 12/17/19 Under Contract -- -- --
10/21/2019 10/21/19 For Rent $1,750 0.0% --
10/01/2019 10/01/19 Off Market $1,750 -- --
06/06/2019 06/06/19 Rented $2,100 +27.3% --
06/06/2019 06/06/19 Off Market $1,650 -- --
06/06/2019 06/06/19 Under Contract -- -- --
06/02/2019 06/02/19 For Rent $1,650 -- --
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 $3,119 $221,767 -- --
2024 $3,119 $206,233 $0 $0
2023 $2,874 $190,700 $53,000 $137,700
2022 $2,792 $182,200 $0 $0
2021 $2,002 $173,700 $0 $0
2020 $2,413 $165,200 $53,000 $112,200
2019 $1,828 $150,800 $0 $0
2018 $2,623 $136,400 $0 $0
2017 $2,352 $122,000 $0 $0
2016 -- $117,967 $0 $0
2015 $2,275 $113,933 $0 $0
2014 $2,275 $109,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBC2087210

Bright MLS

APN: 15-1523154880