NOT LISTED FOR SALE

2555 W Fairmount Ave Baltimore, MD 21223

Shipley Hill Neighborhood

Estimated Value: $61,000

3 Beds
3 Baths
-- Sq Ft
1915 Built

Last Sold December 21, 2022

Last sale price $50,000

Est. 22% increase in value since last sale

Current estimated payment $381/month

6 Days on Market

Highlights

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

About This Home

As of December 2022

Investment property ready for itas new owners. This 3 bedroom, 3 bathroom would be a great addition to your rental portfolio. Lease states their rent from Oct 31, 2020- Nov 1, 2021 was $995. As of Nov 1, 2021, it increased to $1,035. Lease due to expire Oct 31, 2022. Tenant pays all utilities. Contact Alternative Agent Tarlethea Gardner with Questions

Last Agent to Sell the Property

Karen Harms

(410) 458-8201 karen@thekgmgroup.com Cummings & Co. Realtors Listed on: 12/15/2022

Cummings & Co. Realtors

Co-Listed By

Tarlethea Gardner

(443) 630-4505 tarl0401@gmail.com Cummings & Co. Realtors License #679517

Last Buyer's Agent

Stephanie Geddings

(443) 677-3289 stephanie.geddings@gmail.com Berkshire Hathaway HomeServices Homesale Realty

Berkshire Hathaway HomeServices Homesale Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $375

Year Built

  • Built in 1915

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Permanent Foundation

Bedrooms and Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Additional Features

  • Property has 2 Levels
  • Ground Rent of $84 semi-annually
  • Finished Basement

Community Details

  • No Home Owners Association
  • Shipley Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0320072170B068

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$375

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Ground Rent
  • Inclusions: Current tenant
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Foundation Details: Permanent
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Fully Finished
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • 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
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • 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
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Units: Square Feet
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 84.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Semi-Annually
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 375.00
  • Assessor Parcel Number: 0320072170B068
  • Tax Year: 2020

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
Dec 15, 2022
Closed on
Dec 21, 2022
Sold by
Jambuildings Llc
Bought by
Jv Baltimore Picasso Llc
Seller's Agent
Karen Harms
Cummings & Co. Realtors
Buyer's Agent
Stephanie Geddings
Berkshire Hathaway HomeServices Homesale Realty
Sold Price
$50,000
Current Estimated Value
$61,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,000
Avg. Annual Appreciation
6.92%
Original Mortgage
$55,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 28, 2020
Closed on
Oct 22, 2020
Sold by
Reed Mark A and Mark A Reed Second Amended & R
Bought by
Jambuildings Llc
Seller's Agent
Seth Kopel
Alex Cooper Auctioneers, Inc.
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$10,000
Sold Price
$40,500
Premium/Discount to List
$30,500
305%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.25%

Purchase Details

Closed on
Dec 9, 1997
Sold by
Presto Properties Llc
Bought by
City Homesinc

Purchase Details

Closed on
Feb 14, 1995
Sold by
Prelude Properties Ltd
Bought by
Presto Properties Llc
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
Jv Baltimore Picasso Llc $50,000 Castle Title
Jambuildings Llc $40,500 New World Title Company Llc
City Homesinc -- --
Presto Properties Llc $11,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jv Baltimore Picasso Llc $20,000
Previous Owner Jv Baltimore Picasso Llc $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/21/2022 12/21/22 Sold $50,000 0.0% --
12/15/2022 12/15/22 Off Market $50,000 -- --
10/22/2020 10/22/20 Sold $40,500 +305.0% -- View Prior Sale
09/17/2020 09/17/20 Pending -- -- --
09/01/2020 09/01/20 Price Changed $10,000 0.0% --
09/01/2020 09/01/20 For Sale $10,000 -75.3% --
08/17/2020 08/17/20 Off Market $40,500 -- --
07/28/2020 07/28/20 For Sale $20,000 +42.9% --
12/15/2017 12/15/17 Sold $14,000 +180.0% -- View Prior Sale
11/15/2017 11/15/17 Pending -- -- --
10/24/2017 10/24/17 For Sale $5,000 -- --
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 $736 $38,667 -- --
2024 $736 $31,333 $0 $0
2023 $566 $24,000 $5,000 $19,000
2022 $505 $21,400 $0 $0
2021 $444 $18,800 $0 $0
2020 $0 $16,200 $3,000 $13,200
2019 $0 $15,800 $0 $0
2018 $0 $15,400 $0 $0
2017 $354 $15,000 $0 $0
2016 -- $15,000 $0 $0
2015 $355 $15,000 $0 $0
2014 $355 $15,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Harms

    Seller's Agent in 2022

    Karen Harms

    Cummings & Co Realtors

    (410) 458-8201

    1 in this area

    183 Total Sales

    Karen Harms
    Section Image
  • Tarlethea Gardner

    Seller Co-Listing Agent in 2022

    Tarlethea Gardner

    Cummings & Co Realtors

    (443) 630-4505

    1 in this area

    8 Total Sales

    Tarlethea Gardner
    Section Image
  • Stephanie Geddings

    Buyer's Agent in 2022

    Stephanie Geddings

    Berkshire Hathaway HomeServices Homesale Realty

    (443) 677-3289

    1 in this area

    80 Total Sales

    Stephanie Geddings
    Section Image

  • S

    Seller's Agent in 2020

    Seth Kopel

    Alex Cooper Auctioneers, Inc.

    Section Image
  • Nick Luciani

    Seller's Agent in 2017

    Nick Luciani

    Alex Cooper Auctioneers, Inc.

    (443) 841-2221

    17 Total Sales

    Nick Luciani
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA2069970

Bright MLS

APN: 2170B-068

Maryland Baltimore City County Baltimore 21223 Shipley Hill

2555 W Fairmount Ave, Baltimore, MD

Not Listed for Sale

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