NOT LISTED FOR SALE

Estimated Value: $404,200 - $452,000

-- Bed
2 Baths
2,016 Sq Ft
$212/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $389,900 $193 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,785/month

Highlights

  • Federal Architecture
  • Park or Greenbelt View
  • 90% Forced Air Heating and Cooling System

About This Home

As of August 2022

What Makes This 2 Unit Investment Property Special?
A great opportunity to own a well maintained, fully leased, two unit investment property in a great location. The property is located in Canton, directly across the street from Patterson Park and walking distance to the waterfront, shops and restaurants.

Property Details:
The property make up is two self contained apartments – one 1 bedroom / 1 bathroom apartment and one 2 bedroom / 2 bathroom apartment. The one bedroom apartment is situated on the second floor of the building, it features original hardwood flooring, fresh paint and exposed brick walls. The kitchen has laminate counter tops, wooden cabinets, refrigerator, 30? electric range, dishwasher and disposal. The package is completed with a stacked washer/ dryer conviently located next to the bedroom. The two bedroom apartment encompasses two levels, the first floor and a nicely finished basement with a private rear courtyard. The kitchen has laminate counter tops, stainless steel appliances, refrigerator, 30? electric range, dishwasher and disposal. Bathrooms in both apartments have modern vanities, soaking tub with shower with ceramic tile surrounds. The apartment is complimented by new laminate flooring, exposed brick walls and a full sized washer/dryer.

Who Pays The Utilities?
The apartments are separately metered for gas and electric allowing the tenants to easily pay their own utilities. Both units have their own gas fired forced air furnace and central air conditioning. The windows are vinyl replacement throughout filling the property with natural light. The building has 200 Amps service coming in with 100 Amps going to each unit with separate panels in unit. The landlord currently pays the water bill, this could be billed back to the tenants for improved investment returns.

What’s Nearby?
The location of 2625 Eastern Avenue is great with a Walk Score of 90 out of 100. This location is a Walker’s Paradise so daily errands do not require a car. The property is located across the street from bustling Patterson Park nicknamed ” Best Backyard in Baltimore”. The park consists of open fields of grass, large trees, paved walkways, historic battle sites, a lake, playgrounds, athletic fields, a swimming pool, an ice skating rink and other signature attractions and buildings. A short 4 block walk and you are in the heart of the Canton waterfront.

Last Agent to Sell the Property

Will Cannon

(410) 916-3331 wcannon3@gmail.com Ben Frederick Realty, Inc. Listed on: 07/06/2022

Last Buyer's Agent

Will Cannon

(410) 916-3331 wcannon3@gmail.com Ben Frederick Realty, Inc. Listed on: 07/06/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,017

Year Built

  • Built in 1920

Lot Details

  • 980 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Federal Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • Park or Greenbelt Views

Utilities

  • 90% Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 057
  • Assessor Parcel Number 0301071789 057

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,017

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: What Makes This 2 Unit Investment Property Special? A great opportunity to own a well maintained, fully leased, two unit investment property in a great location. The property is located in Canton, directly across the street from Patterson Park and walking distance to the waterfront, shops and restaurants. Property Details: The property make up is two self contained apartments – one 1 bedroom / 1 bathroom apartment and one 2 bedroom / 2 bathroom apartment. The one bedroom apartment is situated on the second floor of the building, it features original hardwood flooring, fresh paint and exposed brick walls. The kitchen has laminate counter tops, wooden cabinets, refrigerator, 30″ electric range, dishwasher and disposal. The package is completed with a stacked washer/ dryer conviently located next to the bedroom. The two bedroom apartment encompasses two levels, the first floor and a nicely finished basement with a private rear courtyard. The kitchen has laminate counter tops, stainless steel appliances, refrigerator, 30″ electric range, dishwasher and disposal. Bathrooms in both apartments have modern vanities, soaking tub with shower with ceramic tile surrounds. The apartment is complimented by new laminate flooring, exposed brick walls and a full sized washer/dryer. Who Pays The Utilities? The apartments are separately metered for gas and electric allowing the tenants to easily pay their own utilities. Both units have their own gas fired forced air furnace and central air conditioning. The windows are vinyl replacement throughout filling the property with natural light. The building has 200 Amps service coming in with 100 Amps going to each unit with separate panels in unit. The landlord currently pays the water bill, this could be billed back to the tenants for improved investment returns. What’s Nearby? The location of 2625 Eastern Avenue is great with a Walk Score of 90 out of 100. This location is a Walker’s Paradise so daily errands do not require a car. The property is located across the street from bustling Patterson Park nicknamed ” Best Backyard in Baltimore”. The park consists of open fields of grass, large trees, paved walkways, historic battle sites, a lake, playgrounds, athletic fields, a swimming pool, an ice skating rink and other signature attractions and buildings. A short 4 block walk and you are in the heart of the Canton waterfront.
  • Special Features: None

Interior Features

  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 2016
  • Living Area Sq Ft: 2016
  • Price Per Sq Ft: 296.28
  • Above Grade Finished Sq Ft: 1316
  • Below Grade Finished Sq Ft: 700
  • Total Below Grade Sq Ft: 700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2625

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • View: Park/Greenbelt
  • 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: 90% 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 112600.00
  • Land Assessed Value: 100000.00
  • Land Use Code: R
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 980.00
  • Year Assessed: 2022
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Total Actual Rent: 33180.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12902080
  • Tax Annual Amount: 5017.00
  • Assessor Parcel Number: 0301071789 057
  • Tax Lot: 057
  • Tax Total Finished Sq Ft: 1316
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/30/2022

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Aug 24, 2022
Sold by
Grenton Llc
Bought by
Pham-Nguyen Cindy
Seller's Agent
Will Cannon
Ben Frederick Realty, Inc.
Buyer's Agent
Will Cannon
Ben Frederick Realty, Inc.
List Price
$389,900
Sold Price
$389,900
Current Estimated Value
$428,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,200
Avg. Annual Appreciation
4.26%
Original Mortgage
$292,425
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2002
Sold by
Cantalupo Teresa M
Bought by
Katia Development Inc
Source: Public Records

Range of Values:

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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
Pham-Nguyen Cindy $389,900 Wfg National Title
Katia Development Inc $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pham-Nguyen Cindy $292,425
Previous Owner Grenton Llc $10,000
Previous Owner Metroscape Development Inc $147,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2022 08/30/22 Sold $389,900 0.0% $193 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $389,900 -- $193 / 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 $6,287 $322,733 -- --
2024 $6,287 $267,667 $0 $0
2023 $4,993 $212,600 $100,000 $112,600
2022 $5,017 $212,600 $100,000 $112,600
2021 $5,017 $212,600 $100,000 $112,600
2020 $5,074 $215,000 $100,000 $115,000
2019 $5,007 $213,167 $0 $0
2018 $4,987 $211,333 $0 $0
2017 $4,944 $209,500 $0 $0
2016 $4,867 $202,833 $0 $0
2015 $4,867 $196,167 $0 $0
2014 $4,867 $189,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2051888

Bright MLS

APN: 1789-057