NOT LISTED FOR SALE

2556 Madison Ave Baltimore, MD 21217

Reservoir Hill Neighborhood

Estimated Value: $141,428 - $185,000

0.03 Acre
$5,440,467 Price per Acre
1,307 Sq Ft Lot

Last Sold November 15, 2024

Last sale price $35,750 $13 Per Sq Ft

Est. 357% increase in value since last sale

Current estimated payment $1,015/month

8 Days on Market

About This Lot

As of November 2024

ONLINE AUCTION: Bidding begins 10/03/2024 @ 10:00 AM. Bidding ends 10/07/2024 @ 12:40 PM. List Price is Suggested Opening Bid. Lot of Land located in the Reservoir Hill area of Baltimore City. Residents can enjoy the nearby attractions such as Coppin State University, Mondawmin Mall, Druid Hill Park, & Penn Metro Station. Easy Access to Major Traffic Artery North Ave. Deposit: $5,000.

Last Agent to Sell the Property

Adam Shpritz

(410) 365-3595 adam@ashlandauction.com Ashland Auction Group LLC License #RMR004765 Listed on: 09/18/2024

Co-Listed By

Lee Shpritz

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

Last Buyer's Agent

Carol Strasfeld

(301) 806-8871 carolstrasfeld@gmail.com Unrepresented Buyer Office

Property Details

Property Type

  • Land

Lot Details

  • 1,307 Sq Ft Lot
  • Ground Rent
  • Property is zoned R-7

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 029
  • Assessor Parcel Number 0313083418A029

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Leasehold
  • Current Use: Vacant
  • Automatically Close On Close Date: No
  • Special Features: Auction

Interior Features

  • Price Per Sq Ft: 11.48

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1306.80
  • Zoning: R-7
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2051.00
  • Assessor Parcel Number: 0313083418A029
  • Tax Lot: 029
  • County Tax Payment Frequency: Annually
  • Tax Year: 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
Sep 18, 2024
Closed on
Nov 13, 2024
Sold by
Doubles Realty Llc
Bought by
Je Roberts Painting Co Inc
Seller's Agent
Adam Shpritz
Ashland Auction Group LLC
Buyer's Agent
Carol Strasfeld
Unrepresented Buyer Office
List Price
$15,000
Sold Price
$35,750
Premium/Discount to List
$20,750
138.33%
Views
11
Current Estimated Value
$163,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,464
Avg. Annual Appreciation
258.25%

Purchase Details

Closed on
Jul 6, 2017
Sold by
Andy S Food Mart Inc
Bought by
Doubels Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
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
Je Roberts Painting Co Inc $35,750 Integrity Title
Je Roberts Painting Co Inc $35,750 Integrity Title
Doubels Realty Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Doubels Realty Llc $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2024 11/15/24 Sold $35,750 +138.3% $13 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/18/2024 09/18/24 For Sale $15,000 -- $6 / 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 $2,041 $86,900 $69,000 $17,900
2024 $2,041 $86,900 $69,000 $17,900
2023 $2,051 $86,900 $69,000 $17,900
2022 $2,051 $86,900 $69,000 $17,900
2021 $5,500 $233,067 $0 $0
2020 $5,308 $224,933 $0 $0
2019 $5,092 $216,800 $69,000 $147,800
2018 $5,116 $216,800 $69,000 $147,800
2017 $5,116 $216,800 $0 $0
2016 $3,731 $226,000 $0 $0
2015 $3,731 $203,167 $0 $0
2014 $3,731 $180,333 $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

    8 in this area

    3,863 Total Sales

    Adam Shpritz
    Section Image
  • Lee Shpritz

    Seller Co-Listing Agent in 2024

    Lee Shpritz

    Ashland Auction Group LLC

    (410) 488-3124

    8 in this area

    3,761 Total Sales

    Lee Shpritz
    Section Image
  • Carol Strasfeld

    Buyer's Agent in 2024

    Carol Strasfeld

    Unrepresented Buyer Office

    (301) 806-8871

    5 in this area

    9,332 Total Sales

    Carol Strasfeld
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA2140118

Bright MLS

APN: 3418A-029

Maryland Baltimore City County Baltimore 21217 Reservoir Hill

2556 Madison Ave, Baltimore, MD

Not Listed for Sale

Lots

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