NOT LISTED FOR SALE

2550 W Fayette St Baltimore, MD 21223

Shipley Hill Neighborhood

Estimated Value: $56,651 - $66,000

3 Beds
1.5 Baths
-- Sq Ft
1915 Built

Last Sold May 09, 2024

Last sale price $56,000

Est. 10% increase in value since last sale

Current estimated payment $382/month

12 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 4-minute walk to Warwick Avenue Park
  • No HOA

About This Home

As of May 2024

ONLINE AUCTION: Bidding begins 4/4/2024 @ 10:00 AM. Bidding ends 4/8/2024 @ 11:20 AM. List Price is Suggested Opening Bid. Deposit: $5,000.This 2-story updated townhome is situated in the Shipley Hill area, conveniently close to the Westside Shopping Center, Shipley Hill Park, Gwynns Falls Trail, West Baltimore MARC Train Station, Carroll Park, Carroll Park Golf Course, and Bon Secours Hospital. It provides easy access to the major traffic artery, MD Route 40 (W Franklin St.), ensuring convenient transportation options. The property is currently rented. For additional details, please see the information provided below.*Please note: Photos were taken prior to tenants moving in.

Last Agent to Sell the Property

Adam Shpritz

(410) 365-3595 adam@ashlandauction.com Ashland Auction Group LLC License #RMR004765 Listed on: 03/28/2024

Co-Listed By

Lee Shpritz

(410) 488-3124 lee@ashlandauction.com Ashland Auction Group LLC

Last Buyer's Agent

Adam Shpritz

(410) 365-3595 adam@ashlandauction.com Ashland Auction Group LLC License #RMR004765 Listed on: 03/28/2024

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,303

Year Built

  • Built in 1915

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 2.5 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Ground Rent of $848 semi-annually
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Shipley Hill Subdivision

Listing and Financial Details

  • Tax Lot 032
  • Assessor Parcel Number 0320072167B032

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,303

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Ground Rent
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: ONLINE AUCTION: Bidding begins 4/4/2024 @ 10:00 AM. Bidding ends 4/8/2024 @ 11:20 AM. List Price is Suggested Opening Bid. Deposit: $5,000. This 2-story updated townhome is situated in the Shipley Hill area, conveniently close to the Westside Shopping Center, Shipley Hill Park, Gwynns Falls Trail, West Baltimore MARC Train Station, Carroll Park, Carroll Park Golf Course, and Bon Secours Hospital. It provides easy access to the major traffic artery, MD Route 40 (W Franklin St.), ensuring convenient transportation options. The property is currently rented. For additional details, please see the information provided below. *Please note: Photos were taken prior to tenants moving in.
  • Special Features: Auction
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Levels Count: 2.5
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2550

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • 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
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Land Use Code: R
  • Lot Dimensions: 14X72-2
  • Lot Size Units: Square Feet
  • Year Assessed: 2023
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 848.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Semi-Annually
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1303.00
  • Assessor Parcel Number: 0320072167B032
  • Tax Lot: 032
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/09/2024

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
May 6, 2024
Sold by
Sns Ventures Llc
Bought by
Gsp Iii Llc
Seller's Agent
Adam Shpritz
Ashland Auction Group LLC
Buyer's Agent
Adam Shpritz
Ashland Auction Group LLC
List Price
$30,000
Sold Price
$56,000
Premium/Discount to List
$26,000
86.67%
Views
28
Current Estimated Value
$61,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,326
Avg. Annual Appreciation
6.70%

Purchase Details

Listed on
Nov 2, 2020
Closed on
Dec 29, 2020
Sold by
Myrealtyinvest 2 Llp
Bought by
Sns Ventures Lcl
Seller's Agent
Adam Shpritz
Ashland Auction Group LLC
Buyer's Agent
Adam Shpritz
Ashland Auction Group LLC
List Price
$20,000
Sold Price
$33,000
Premium/Discount to List
$13,000
65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.05%

Purchase Details

Closed on
Jul 13, 2007
Sold by
Gourdine Virgie
Bought by
Katrompas Mike and Katrompas Marina

Purchase Details

Closed on
Jul 3, 2007
Sold by
Gourdine Virgie
Bought by
Katrompas Mike and Katrompas Marina
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
Gsp Iii Llc $56,000 Golden Trust Title
Sns Ventures Lcl $33,000 None Available
Katrompas Mike $29,500 --
Katrompas Mike $29,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2024 05/09/24 Sold $56,000 +86.7% --
04/09/2024 04/09/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $30,000 -9.1% --
12/29/2020 12/29/20 Sold $33,000 +65.0% --
11/18/2020 11/18/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $20,000 -- --
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 $681 $29,000 $7,000 $22,000
2024 $681 $29,000 $7,000 $22,000
2023 $1,303 $55,200 $12,000 $43,200
2022 $1,104 $46,800 $0 $0
2021 $906 $38,400 $0 $0
2020 $708 $30,000 $7,000 $23,000
2019 $705 $30,000 $7,000 $23,000
2018 $708 $30,000 $7,000 $23,000
2017 $708 $30,000 $0 $0
2016 $355 $25,000 $0 $0
2015 $355 $20,000 $0 $0
2014 $355 $15,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Adam Shpritz

    Seller's Agent in 2024

    Adam Shpritz

    Ashland Auction Group LLC

    (410) 365-3595

    101 in this area

    3,913 Total Sales

    Adam Shpritz
    Section Image
  • Lee Shpritz

    Seller Co-Listing Agent in 2024

    Lee Shpritz

    Ashland Auction Group LLC

    (410) 488-3124

    100 in this area

    3,810 Total Sales

    Lee Shpritz
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA2119510

Bright MLS

APN: 2167B-032

Maryland Baltimore City County Baltimore 21223 Shipley Hill

2550 W Fayette St, Baltimore, MD

This home is located at 2550 W Fayette St, Baltimore, MD 21223 since 28 March 2024 and is currently estimated at $61,326. This property was built in 1915. 2550 W Fayette St is a home located in Baltimore City with nearby schools including Mary Ann Winterling Elementary School, Booker T. Washington Middle School, and Edmondson Westside High School.

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