$350,000
SOLD FEB 4, 2025
-- Bed
-- Bath
4,746 Sq Ft
3,087 Sq Ft Lot

Recently Sold

$74 Per Sq Ft

22% Below List Price

89 Days on Market

About This Home

As of February 2025

What a Fantastic investment opportunity! $133K/Building is an unreal value, and the potential for an 11% CAP Rate is very realistic!
The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units set up as a residential apartment a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. 2617 is the bottom floor of both units set up for office space, but could easily be converted to a residential apartment, it was previously used as commercial space, and has 2 adjoining offices, 1 bathroom, a full kitchen, and a large open space, the opportunities in this space are endless! There is plenty of opportunity to reconfigure as needed, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease expires September 2025. The roof across all three buildings were done 3 years ago, the furnace in 2619 replaced 3 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced last year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. Buyer to verify potential use. The possibilities with this unique property are endless.

Last Agent to Sell the Property

Saul Kloper

(410) 913-0771 saulsellsmd@gmail.com EXIT On The Harbor Realty License #661235 Listed on: 10/05/2024

Last Buyer's Agent

Jeremey Weiss

(443) 224-7403 jeremeyweiss@kw.com Keller Williams Flagship License #666303

Keller Williams Flagship

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,172

Year Built

  • Built in 1900

Lot Details

  • 3,087 Sq Ft Lot
  • Ground Rent of $65 per year

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Federal Architecture
  • Brick Exterior Construction
  • Brick Foundation

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 037
  • Assessor Parcel Number 0306151710 037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,172

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Ground Rent
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 6762
  • Living Area Sq Ft: 4746
  • Price Per Sq Ft: 84.26
  • Above Grade Finished Sq Ft: 4746
  • Below Grade Sq Ft: 2016
  • Total Below Grade Sq Ft: 2016
  • Above Grade Finished Area Units: Square Feet

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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3087.00
  • Zoning: C-1
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 65.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Annually
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5172.00
  • Assessor Parcel Number: 0306151710 037
  • Tax Lot: 037
  • 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
Oct 5, 2024
Closed on
Feb 4, 2025
Sold by
Czaniecki Christian
Bought by
Weiss Jeremey Leonard and Weiss Bridget Elizabeth
Seller's Agent
Saul Kloper
EXIT On The Harbor Realty
Buyer's Agent
Jeremey Weiss
Keller Williams Flagship
List Price
$450,000
Sold Price
$350,000
Premium/Discount to List
-$100,000
-22.22%
Views
56
Current Estimated Value
$367,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,187
Avg. Annual Appreciation
6.26%
Original Mortgage
$322,500
Interest Rate
7.04%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 20, 2022
Sold by
Linforth Morgan Lee
Bought by
Czaniecki Christian

Purchase Details

Listed on
Feb 25, 2020
Closed on
May 20, 2020
Sold by
Molling Stephen A and Molling Fatima V
Bought by
Czanieecki Chridstian and Linforth Morgan Lee
Seller's Agent
Chris Cooke
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Saul Kloper
EXIT On The Harbor Realty
List Price
$299,900
Sold Price
$299,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.74%
Original Mortgage
$294,467
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 19, 2002
Sold by
Curtain Baron Stage
Bought by
Molling Stephen A and Molling Fatima V
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 Type Sale Price Title Company
Assignment Deed $350,000 Charter Title
Assignment Deed $350,000 Charter Title
Assignment Deed -- --
Deed $299,900 Lakeside Title Company
Deed $86,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $322,500 Construction
Previous Owner $294,467 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/04/2025 02/04/25 Sold $350,000 -12.5% $74 / Sq Ft
01/02/2025 01/02/25 Pending -- -- --
12/06/2024 12/06/24 Price Changed $399,900 -11.1% $84 / Sq Ft
10/05/2024 10/05/24 For Sale $450,000 +50.1% $95 / Sq Ft
05/20/2020 05/20/20 Sold $299,900 0.0% $63 / Sq Ft View Prior Sale
05/20/2020 05/20/20 Sold $299,900 0.0% $63 / Sq Ft View Prior Sale
03/24/2020 03/24/20 Pending -- -- --
02/25/2020 02/25/20 For Sale $299,900 0.0% $63 / Sq Ft
02/25/2020 02/25/20 Off Market $299,900 -- --
12/11/2019 12/11/19 Price Changed $329,000 -8.6% $69 / Sq Ft
09/25/2019 09/25/19 For Sale $359,900 -- $76 / 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 $3,623 $281,400 $24,600 $256,800
2024 $3,623 $219,167 $0 $0
2023 $3,001 $156,933 $0 $0
2022 $2,235 $94,700 $24,600 $70,100
2021 $2,235 $94,700 $24,600 $70,100
2020 $2,235 $94,700 $24,600 $70,100
2019 $2,330 $99,200 $24,600 $74,600
2018 $2,309 $97,833 $0 $0
2017 $2,277 $96,467 $0 $0
2016 $2,333 $95,100 $0 $0
2015 $2,333 $95,100 $0 $0
2014 $2,333 $95,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2142342

Bright MLS

APN: 1710-037