NOT LISTED FOR SALE

2605 Oakley Ave Baltimore, MD 21215

Cylburn Neighborhood

Estimated Value: $212,000 - $275,143

Studio
3 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold October 31, 2018

Last sale price $120,000

Est. 103% increase in value since last sale

Current estimated payment $1,576/month

30 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Hot Water Heating System
  • Main Floor Bedroom
  • No HOA
  • Hot Water Baseboard Heater

About This Home

As of October 2018

BACK ON MARKET, REDUCED PRICE!!! Beautiful stone property located in Cylburn. Versatile property. It's a MULTI-FAMILY property with a great tenant already in place and rent ready unit. Purchase for great cash flow; Live in one unit and let rent from the other pay your mortgage or have this huge property to yourself. Huge yard. Great property. Quiet neighborhood. Value add multifamily deal

Last Agent to Sell the Property

Nathan Gorham

gorhamnb@gmail.com Equilibrium Realty, LLC Listed on: 08/12/2018

Last Buyer's Agent

datacorrect BrightMLS

(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office License #0225194075

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,720 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Main Floor Bedroom
  • 1 Fireplace
  • Wood Flooring
  • Gas Oven or Range
  • Washer and Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Rear Basement Entry

Schools

  • Edgecombe Circle Elementary-Middle School
  • Augusta Fells Savage Institute Of Visual Arts High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for management, all utilities, real estate taxes
  • Tax Lot 040
  • Assessor Parcel Number 0327194798 040

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Cylburn Subdivision

Building Details

  • Operating Expense $6,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

5,720 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Oven/Range - Gas, Refrigerator, Water Heater
  • Interior Amenities: Entry Level Bedroom, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Connecting Stairway, Rear Entrance, Unfinished, Walkout Level
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stone, Vinyl Siding
  • 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: Natural Gas
  • Heating Type: Hot Water, Baseboard - Hot Water
  • 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

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: EDGECOMBE CIRCLE ELEMENTARY-MIDDLE SCHOOL
  • High School: AUGUSTA FELLS SAVAGE INSTITUTE OF VISUAL ARTS

Lot Info

  • Improvement Assessed Value: 127800.00
  • Land Assessed Value: 30700.00
  • Lot Size Acres: 0.13
  • Lot Size Area: 5720
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5720.00
  • Zoning: 0R030
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Management, All Utilities, Taxes - Real Estate
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13092542
  • Tax Annual Amount: 3555.74
  • Assessor Parcel Number: 0327194798 040
  • Tax Lot: 040
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017

Multi Family

  • Gross Income: 17400.00
  • Operating Expense: 6300.00

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2019
Sold by
Gorham James A and Gorham Linda F
Bought by
Gorham Nathan
Current Estimated Value
$243,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
4.3%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gorham Nathan $120,000 Integrity Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gorham Nathan $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2018 10/31/18 Sold $120,000 0.0% --
10/31/2018 10/31/18 Sold $120,000 -25.0% -- View Prior Sale
09/11/2018 09/11/18 Pending -- -- --
09/11/2018 09/11/18 Pending -- -- --
08/15/2018 08/15/18 For Sale $159,900 0.0% --
08/12/2018 08/12/18 For Sale $159,900 0.0% --
06/06/2018 06/06/18 Pending -- -- --
05/09/2018 05/09/18 Price Changed $159,900 -5.9% --
03/14/2018 03/14/18 For Sale $169,900 -- --
Source: Bright MLS

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 $3,873 $180,600 -- --
2024 $3,873 $164,900 $30,700 $134,200
2023 $3,800 $161,000 $0 $0
2022 $3,708 $157,100 $0 $0
2021 $3,616 $153,200 $30,700 $122,500
2020 $3,616 $153,200 $30,700 $122,500
2019 $3,778 $160,833 $0 $0
2018 $3,741 $158,500 $30,700 $127,800
2017 $3,556 $150,667 $0 $0
2016 $2,129 $142,833 $0 $0
2015 $2,129 $135,000 $0 $0
2014 $2,129 $135,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2018

    Nathan Gorham

    Equilibrium Realty, LLC

See All Agents

Map

Source: Bright MLS

MLS Number: 1002218140

Bright MLS

APN: 4798-040

Maryland Baltimore City County Baltimore 21215 Cylburn

2605 Oakley Ave, Baltimore, MD

Not Listed for Sale

MultiFamily

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