NOT LISTED FOR SALE

2535 Brookfield Ave Baltimore, MD 21217

Reservoir Hill Neighborhood

Estimated Value: $332,518 - $382,000

-- Bed
3 Baths
2,736 Sq Ft
$131/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $106,000 $39 Per Sq Ft

Est. 237% increase in value since last sale

Current estimated payment $2,319/month

42 Days on Market

Highlights

  • No HOA
  • Radiator
  • 4-minute walk to German Park

About This Home

As of November 2016

FULLY LEASED, 3 UNIT, INCOME PRODUCING PROPERTY IN RESERVOIR HILL OFFERED TO SAVY INVESTOR. ALL TENANTS UTILIZE RENTAL ASSISTANCE PROGRAMS. 16.5% CAP RATE BASED UPON 2015 P&L STATEMENT. BUY NOW OR FOREVER HOLD YOUR PEICE. LISTING AGENT SHALL BE PRESENT AT ALL SHOWINGS

Last Agent to Sell the Property

Damien Deiaco

(443) 846-2471 damiendeiaco@gmail.com Blue Star Real Estate, LLC Listed on: 09/22/2016

Co-Listed By

Kathy Townsend

(410) 499-8292 ktcommercial@gmail.com Cummings & Co. Realtors License #507416

Last Buyer's Agent

Jermaine Love

(410) 336-7345 jermaineloverealtor@gmail.com The Agency Maryland, LLC

The Agency Maryland, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 3,441

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Utilities

  • Radiator
  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tax Lot 036B
  • Assessor Parcel Number 0313103461 036B

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Reservoir Hill Historic District Subdivision

Building Details

  • Operating Expense $5,638

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Price Per Sq Ft: 45.69

Exterior Features

  • Construction Materials: Brick
  • 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
  • Heating Fuel: Natural Gas
  • 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: 45000.00
  • Land Assessed Value: 55000.00
  • Property Attached Yn: Yes
  • Zoning: 7
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12963801
  • Tax Annual Amount: 3965.58
  • Assessor Parcel Number: 0313103461 036B
  • Tax Lot: 036B
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

Multi Family

  • Gross Income: 31454.75
  • Operating Expense: 5637.68
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2016
Closed on
Nov 30, 2016
Sold by
Atlantic Ventures Llc
Bought by
Hu Hok L and Hou Chantaly D
Seller's Agent
Damien Deiaco
Blue Star Real Estate, LLC
Buyer's Agent
Jermaine Love
The Agency Maryland, LLC
List Price
$125,000
Sold Price
$106,000
Premium/Discount to List
-$19,000
-15.2%
Current Estimated Value
$357,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,259
Avg. Annual Appreciation
14.45%

Purchase Details

Closed on
Nov 10, 2009
Sold by
Emc Mortgage Corporation
Bought by
Atlantic Ventures Llc

Purchase Details

Closed on
Oct 4, 2006
Sold by
Russell James O
Bought by
Moyo Ndabezinhle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
8.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 31, 2006
Sold by
Russell James O
Bought by
Moyo Ndabezinhle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
8.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 1997
Sold by
Johnson Brady B
Bought by
Russell James O
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
Hu Hok L $106,000 None Available
Atlantic Ventures Llc $45,000 --
Emc Mortgage Corporation $106,852 --
Moyo Ndabezinhle $185,000 --
Moyo Ndabezinhle $185,000 First American Title
Russell James O $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moyo Ndabezinhle $148,000
Previous Owner Moyo Ndabezinhle $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2016 11/30/16 Sold $106,000 -15.2% $39 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $125,000 -- $46 / 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 $5,260 $240,700 $55,000 $185,700
2024 $5,260 $223,967 $0 $0
2023 $4,867 $207,233 $0 $0
2022 $4,496 $190,500 $55,000 $135,500
2021 $4,496 $190,500 $55,000 $135,500
2020 $4,496 $190,500 $55,000 $135,500
2019 $4,747 $202,100 $55,000 $147,100
2018 $3,966 $168,067 $0 $0
2017 $3,163 $134,033 $0 $0
2016 $1,659 $100,000 $0 $0
2015 $1,659 $168,033 $0 $0
2014 $1,659 $142,367 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Damien Deiaco

    Blue Star Real Estate, LLC

    (443) 846-2471

    1 in this area

    22 Total Sales

    Damien Deiaco
    Section Image
  • Kathy Townsend

    Seller Co-Listing Agent in 2016

    Kathy Townsend

    Cummings & Co Realtors

    (410) 499-8292

    53 Total Sales

    Kathy Townsend
    Section Image
  • Jermaine Love

    Buyer's Agent in 2016

    Jermaine Love

    The Agency Maryland, LLC

    (410) 336-7345

    4 Total Sales

    Jermaine Love
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001155061

Bright MLS

APN: 3461-036B

Maryland Baltimore City County Baltimore 21217 Reservoir Hill

2535 Brookfield Ave, Baltimore, MD

Not Listed for Sale

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