NOT LISTED FOR SALE

Estimated Value: $227,000 - $401,538

-- Bed
2 Baths
2,520 Sq Ft
$125/Sq Ft Est. Value

Last Sold November 27, 2023

Last sale price $386,597 $153 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $2,042/month

7 Days on Market

Highlights

  • Second Kitchen
  • Colonial Architecture
  • Wood Flooring
  • Property is near a lake
  • Traditional Floor Plan
  • 3-minute walk to German Park

About This Home

As of November 2023

Rare true multi-unit in Historic Reservoir Hill now available. This end-unit triplex is legally, separately zoned and metered. Units 2 & 3 are setup as 2 bedrooms, 1 bath, a living room, dining room and a kitchen. Unit 1 has the same setup with 1 bedroom. There is a covered front porch and off street parking in the rear. The basement (which consists of a separate entrance) has been framed and ready for your vision.

This building is truly a cash cow, and the equity opportunity will skyrocket even more after the completion of Reservoir Square and Druid Park Reservoir developments. With over $4k in rental income, the rent roll is still undervalued. Unit 1 (1 bedroom), generates $1,250 a month; unit 2 (2 bedroom) was just generating $1,400; and unit 3 (2 bedroom) $1,650.. This is an ideal owner occupant opportunity.

Located mid-town, this is an ideal centralized location at I-83, making it minutes from downtown and a half hour from Pennsylvania. It is adjacent to Druid Hill Park and the Maryland Zoo as well just to name a few landmarks.

Leases are available upon request.

Last Agent to Sell the Property

Angelo Cooper

(410) 977-5630 thecoopgroup2012@gmail.com Keller Williams Legacy Listed on: 10/27/2023

Keller Williams Legacy

Last Buyer's Agent

David Ritter

davidritter70@gmail.com Bennett Realty Solutions License #sp40002713

Bennett Realty Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,250

Year Built

  • Built in 1923

Lot Details

  • Level Lot
  • Historic Home
  • Ground Rent of $120 semi-annually
  • Property is in average condition

Home Design

  • Triplex
  • Colonial Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Plaster Walls
  • Concrete Perimeter Foundation

Interior Spaces

  • Main Floor Bedroom
  • Traditional Floor Plan
  • Chair Railings
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Replacement Windows
  • Six Panel Doors
  • Garden Views

Kitchen

  • Second Kitchen
  • Stove

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Basement

  • Walk-Out Basement
  • Rear Basement Entry
  • Space For Rooms

Parking

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

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Property is near a lake
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, insurance, lawn/shrub care, sewer, water, real estate taxes, personal property taxes, common area maintenance
  • Assessor Parcel Number 0313103461 038

Community Details

Overview

  • 3 Units
  • 4-Story Building
  • Reservoir Hill Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,250

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Accessibility Features: 2+ Access Exits
  • Ownership: Ground Rent
  • Historic: Yes
  • New Construction: No
  • Year Built: 1923
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Refrigerator, Stove, Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Concrete, Hardwood
  • Interior Amenities: Entry Level Bedroom, Floor Plan - Traditional, 2nd Kitchen, Carpet, Ceiling Fan(s), Chair Railings, Crown Moldings, Recessed Lighting, Wood Floors
  • Window Features: Replacement
  • Door Features: Six Panel
  • Wall Ceiling Types: Dry Wall, High, Plaster Walls
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Rear Entrance, Space For Rooms, Walkout Level
  • Total Sq Ft: 3360
  • Living Area Sq Ft: 2520
  • Price Per Sq Ft: 153.41
  • Above Grade Finished Sq Ft: 2520
  • Below Grade Sq Ft: 840
  • Total Below Grade Sq Ft: 840
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Street Lights, Sidewalks
  • Road Surface Type: Black Top, Approved, Access - Above Grade
  • Roof: Flat
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • 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)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: CALL SCHOOL BOARD
  • High School: CALL SCHOOL BOARD
  • Middle Or Junior School: CALL SCHOOL BOARD

Lot Info

  • Lot Features: Level
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 0.25
  • Property Condition: Average
  • Zoning: R-7
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Amt: 120.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Semi-Annually
  • Number Of Units Month To Month: 2
  • Owner Pays: Advertising/Licenses And Permits, Insurance, Lawn/Shrub Care, Sewer, Water, Taxes - Real Estate, Taxes - Personal Property, Common Area Maintenance
  • Rent Control: No
  • Total Actual Rent: 34200.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4250.00
  • Assessor Parcel Number: 0313103461 038
  • Tax Year: 2023

Multi Family

  • Number Of Units Vacant: 1
  • Income Expense List: Annual Ground Rent
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Nov 29, 2023
Sold by
Hightower William
Bought by
Black Latrice
Seller's Agent
Angelo Cooper
Keller Williams Legacy
Buyer's Agent
David Ritter
Bennett Realty Solutions
List Price
$375,000
Sold Price
$386,597
Premium/Discount to List
$11,597
3.09%
Views
88
Current Estimated Value
$314,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$72,328
Avg. Annual Appreciation
-9.84%
Original Mortgage
$367,267
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2003
Sold by
Mcgill Degas
Bought by
Moore Gloria C and Moore Randy D

Purchase Details

Closed on
May 12, 1997
Sold by
Potts Willie J
Bought by
Mcgill Degas

Purchase Details

Closed on
Jan 26, 1994
Sold by
Winder M
Bought by
Potts Willie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Black Latrice $386,597 Passport Title
Black Latrice $386,597 Passport Title
Moore Gloria C $32,000 --
Mcgill Degas $17,500 --
Potts Willie J $20,000 --
Winder Max $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Black Latrice $367,267
Previous Owner Winder Max $16,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2023 11/27/23 Sold $386,597 0.0% $153 / Sq Ft
11/08/2023 11/08/23 Price Changed $386,597 +3.1% $153 / Sq Ft
10/27/2023 10/27/23 For Sale $375,000 +581.8% $149 / Sq Ft
02/28/2014 02/28/14 Sold $55,000 -67.3% $22 / Sq Ft View Prior Sale
01/28/2014 01/28/14 Pending -- -- --
10/15/2012 10/15/12 For Sale $168,433 -- $67 / 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 $4,640 $206,300 $55,000 $151,300
2024 $4,640 $197,567 $0 $0
2023 $4,435 $188,833 $0 $0
2022 $4,250 $180,100 $55,000 $125,100
2021 $4,157 $176,133 $0 $0
2020 $4,063 $172,167 $0 $0
2019 $3,951 $168,200 $55,000 $113,200
2018 $3,850 $163,133 $0 $0
2017 $3,730 $158,067 $0 $0
2016 $2,219 $153,000 $0 $0
2015 $2,219 $133,233 $0 $0
2014 $2,219 $113,467 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2103792

Bright MLS

APN: 3461-038