NOT LISTED FOR SALE

2590 W Fayette St Baltimore, MD 21223

Shipley Hill Neighborhood

Estimated Value: $84,000

-- Bed
-- Bath
1,200 Sq Ft
$70/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $70,000 $58 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $502/month

170 Days on Market

Highlights

  • Federal Architecture
  • Forced Air Heating System
  • 4-minute walk to Warwick Avenue Park
  • Brick Front

About This Home

As of May 2024

GREAT INVESTMENT OPPORTUNITY for Duplex in Baltimore City with immediate cashflow. First floor unit, which is vacant, has 1 br/1 ba with access to the basement and backyard. Second floor unit is also 1 br/1 bath and is occupied with month-to-month tenant paying $725/month. Tenant pays utilities, landlord pays water. Second floor tenant prefers the first floor unit. Perfect opportunity for buyer to repair/update first floor unit and have second floor tenant move into first floor unit while buyer then repairs/updates the upstairs unit. Comparables for updated 1 bed/1 bath units support at least $850/month. Units are not separately metered. Property is being sold strictly as is.

Last Agent to Sell the Property

Ken Hoefer

(301) 706-0711 kenny.hoefer@me.com Berkshire Hathaway HomeServices PenFed Realty License #680889 Listed on: 09/22/2023

Berkshire Hathaway HomeServices PenFed Realty

Co-Listed By

Nadine Dedier

(202) 413-5178 nadine.dedier@cbmove.com Coldwell Banker Realty License #676921

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,303

Year Built

  • Built in 1915

Lot Details

  • Ground Rent

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Federal Architecture
  • Brick Front

Interior Spaces

  • 1,200 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 015
  • Assessor Parcel Number 0320072167B015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,303

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Ground Rent
  • New Construction: No
  • Expected On Market: 2023-09-23
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: GREAT INVESTMENT OPPORTUNITY for Duplex in Baltimore City with immediate cashflow. First floor unit, which is vacant, has 1 br/1 ba with access to the basement and backyard. Second floor unit is also 1 br/1 bath and is occupied with month-to-month tenant paying $725/month. Tenant pays utilities, landlord pays water. Second floor tenant prefers the first floor unit. Perfect opportunity for buyer to repair/update first floor unit and have second floor tenant move into first floor unit while buyer then repairs/updates the upstairs unit. Comparables for updated 1 bed/1 bath units support at least $850/month. Units are not separately metered. Property is being sold strictly as is.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 66.67
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2590

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Front
  • 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 Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

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

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Semi-Annually
  • Rent Control: No
  • Total Actual Rent: 8700.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1303.00
  • Assessor Parcel Number: 0320072167B015
  • Tax Lot: 015
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 05/03/2024

Multi Family

  • Income Expense List: Annual Ground Rent
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
May 2, 2024
Sold by
Abdulrahman Loay and Abdulrahman Maiada
Bought by
Brooklyn18 Llc
Seller's Agent
Ken Hoefer
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$90,000
Sold Price
$70,000
Premium/Discount to List
-$20,000
-22.22%
Views
50
Current Estimated Value
$84,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,000
Avg. Annual Appreciation
13.70%
Original Mortgage
$349,460
Interest Rate
7.03%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 16, 2020
Closed on
Mar 12, 2021
Sold by
Alexis Kareem and Milliner David
Bought by
Abdulrahman Loay and Abdulrahman Maiada
Seller's Agent
Kareem Alexis
ExecuHome Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$44,900
Sold Price
$35,000
Premium/Discount to List
-$9,900
-22.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.61%

Purchase Details

Listed on
Dec 5, 2019
Closed on
Jan 3, 2020
Sold by
Ehreiser Sebastian
Bought by
Alexis Kareem and Milliner David
Seller's Agent
Sebastian Ehreiser
Allfirst Realty, Inc.
Buyer's Agent
Sebastian Ehreiser
Allfirst Realty, Inc.
List Price
$29,500
Sold Price
$22,200
Premium/Discount to List
-$7,300
-24.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.68%

Purchase Details

Listed on
Jul 13, 2018
Closed on
Jun 13, 2019
Sold by
Mipaz 500 Llc
Bought by
Ehreiser Sebastian
Seller's Agent
Carley Cooper
Alex Cooper Auctioneers, Inc.
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$5,000
Sold Price
$10,000
Premium/Discount to List
$5,000
100%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
286.40%

Purchase Details

Listed on
Jun 20, 2014
Closed on
Jan 29, 2015
Sold by
Lienlogic Reo F1 Llc
Bought by
Mipaz 200 Llc
Seller's Agent
Adam Shpritz
Ashland Auction Group LLC
Buyer's Agent
Adam Shpritz
Ashland Auction Group LLC
List Price
$5,000
Sold Price
$12,100
Premium/Discount to List
$7,100
142%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.37%

Purchase Details

Closed on
Oct 15, 2014
Sold by
Garnes Phaedra O and Case #24-C-11-003384
Bought by
Lienlogic Reo F1 Llc

Purchase Details

Closed on
Oct 12, 1993
Sold by
Smith S
Bought by
Garnes Phaedra O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

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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
Brooklyn18 Llc $70,000 Commerce Title
Brooklyn18 Llc $70,000 Commerce Title
Abdulrahman Loay $35,000 Property Title & Escrow Llc
Alexis Kareem $22,200 Property Title & Escrow Llc
Ehreiser Sebastian $10,000 Universal Title
Mipaz 200 Llc $12,100 Pinderhughes Title Inc
Lienlogic Reo F1 Llc $2,906 None Available
Garnes Phaedra O $17,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooklyn18 Llc $349,460
Previous Owner Garnes Phaedra O $14,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2024 05/03/24 Sold $70,000 -12.5% $58 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
01/25/2024 01/25/24 Price Changed $80,000 -11.1% $67 / Sq Ft
09/22/2023 09/22/23 For Sale $90,000 +157.1% $75 / Sq Ft
03/12/2021 03/12/21 Sold $35,000 -12.3% --
02/20/2021 02/20/21 Pending -- -- --
02/12/2021 02/12/21 Price Changed $39,900 -11.1% --
12/16/2020 12/16/20 For Sale $44,900 +102.3% --
12/27/2019 12/27/19 Sold $22,200 -9.4% --
12/12/2019 12/12/19 Price Changed $24,500 -16.9% --
12/12/2019 12/12/19 For Sale $29,500 +32.9% --
12/10/2019 12/10/19 Off Market $22,200 -- --
12/05/2019 12/05/19 For Sale $29,500 +195.0% --
05/24/2019 05/24/19 Sold $10,000 +100.0% $8 / Sq Ft
03/21/2019 03/21/19 Pending -- -- --
02/18/2019 02/18/19 Price Changed $5,000 0.0% $4 / Sq Ft
02/18/2019 02/18/19 For Sale $5,000 -50.0% $4 / Sq Ft
11/20/2018 11/20/18 Off Market $10,000 -- --
07/13/2018 07/13/18 For Sale $10,000 -17.4% $8 / Sq Ft
02/16/2015 02/16/15 Sold $12,100 +142.0% --
09/30/2014 09/30/14 Pending -- -- --
06/20/2014 06/20/14 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 $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 $1,303 $55,200 $12,000 $43,200
2021 $1,303 $55,200 $12,000 $43,200
2020 $1,416 $60,000 $12,000 $48,000
2019 $1,174 $50,000 $0 $0
2018 $944 $40,000 $0 $0
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

  • Ken Hoefer

    Seller's Agent in 2024

    Ken Hoefer

    BHHS PenFed (actual)

    (301) 706-0711

    1 in this area

    31 Total Sales

    Ken Hoefer
    Section Image
  • Nadine Dedier

    Seller Co-Listing Agent in 2024

    Nadine Dedier

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (202) 413-5178

    1 in this area

    23 Total Sales

    Nadine Dedier
    Section Image

  • K

    Seller's Agent in 2021

    Kareem Alexis

    ExecuHome Realty

    (443) 552-8145

    1 in this area

    8 Total Sales

    Kareem Alexis
    Section Image

  • S

    Seller's Agent in 2019

    Sebastian Ehreiser

    Allfirst Realty, Inc.

    Section Image
  • Carley Cooper

    Seller's Agent in 2019

    Carley Cooper

    Alex Cooper Auctioneers, Inc.

    (410) 830-0766

    1 in this area

    236 Total Sales

    Carley Cooper
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA2100026

Bright MLS

APN: 2167B-015

Maryland Baltimore City County Baltimore 21223 Shipley Hill

2590 W Fayette St, Baltimore, MD

This home is located at 2590 W Fayette St, Baltimore, MD 21223 since 22 September 2023 and is currently estimated at $84,000, approximately $70 per square foot. This property was built in 1915. 2590 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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