T
Seller's Agent in 2019
Tom Fair
Ben Frederick Realty, Inc.
2643 Maryland Ave Baltimore, MD 21218
Charles Village NeighborhoodEstimated Value: $302,213 - $383,000
--
Bed
1
Bath
2,220
Sq Ft
$154/Sq Ft
Est. Value
Highlights
- Traditional Floor Plan
- No HOA
- Eat-In Kitchen
- Traditional Architecture
- Skylights
- Bay Window
About This Home
As of November 2019Located in Historic Charles Village, this 3-story brick townhome features 3 full sized 1-bedroom apartments, completely gut-rehabbed in 1991 with upgraded kitchens and baths in 2005.These large, well-lit apartments collect top-dollar rent. Each apartment is separately metered for gas and electric, and each has in-unit washer/dryer. Well-kept, clean apartments with modern amenities ensure quick tenant turnovers at little cost. This building is certified lead-free, so only a quick exterior inspection every 2 years is needed to satif MDE requirements.This building has vinyl replacement windows throughout, a 90# mineral felt roof, and brick and concrete foundation. All kitchens and bathrooms have tile floors, with laminate/pergo flooring in living areas. Copper water main, with a mix of copper and pvc water pipes. First floor has gas-fired forced-air furnace with central air conditioning; second floor utilizes hot water radiator heat; and third floor is served by a gas-fired forced-air furnace. Each unit has its own Rheem 40-gal gas water heater, dated 2015-2016. This building is centrally located in Charles Village between Hopkins University, MICA, and University of Baltimore. It features a Walk Score of 79, a Transit Score of 59, and a Bike Score of 58.INVESTMENT SUMMARY: $325,000 investment $108,333 per unit $146 per square foot 9.0 times gross annual rent 7.8% cap rate 9.8% cash-on-cash return on investment. Rents at time of sale: $1050- #1; $970-#2; $995-#3
Last Agent to Sell the Property
Tom Fair
(410) 235-5200 tom@benfrederick.com Ben Frederick Realty, Inc. Listed on: 09/11/2019
Last Buyer's Agent
Tom Fair
(410) 235-5200 tom@benfrederick.com Ben Frederick Realty, Inc. Listed on: 09/11/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,491
Year Built
- Built in 1910 | Remodeled in 2005
Lot Details
- 1,140 Sq Ft Lot
- Property is in very good condition
Home Design
- Triplex
- Traditional Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
- Stone Siding
Interior Spaces
- 2,220 Sq Ft Home
- Traditional Floor Plan
- Skylights
- Double Pane Windows
- Bay Window
- Combination Kitchen and Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Window Bars
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
Flooring
- Laminate
- Vinyl
Parking
- 1 Open Parking Space
- 1 Parking Space
- On-Street Parking
- Off-Site Parking
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Radiator
- Single-Phase Power
- 200+ Amp Service
- Multi-Tank Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for insurance, repairs, real estate taxes, water
- Tax Lot 035
- Assessor Parcel Number 0312033637 035
Community Details
Overview
- No Home Owners Association
- 3 Units
- 4-Story Building
- Charles Village Subdivision
Building Details
- Income includes apartment rentals
- Operating Expense $6,500
- Gross Income $36,480
- Net Operating Income $25,251
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2019
Closed on
Nov 22, 2019
Sold by
Friedman Michael J and Friedman Lisa
Bought by
Starlight Investment Llc
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
Tom Fair
Ben Frederick Realty, Inc.
List Price
$325,000
Sold Price
$313,500
Premium/Discount to List
-$11,500
-3.54%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,107
Avg. Annual Appreciation
-0.62%
Purchase Details
Closed on
Nov 16, 2004
Sold by
Muc Realty Corp
Bought by
Friedman Michael J and Friedman Lisa
Purchase Details
Closed on
Jun 4, 1991
Sold by
Grant Joyce C
Bought by
Muc Realty Corp.
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Starlight Investment Llc | $313,500 | Blueprint Title Dmv | |
| Friedman Michael J | $145,000 | -- | |
| Muc Realty Corp. | $59,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Starlight Investment Llc | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/25/2019 11/25/19 | Sold | $313,500 | -3.5% | $141 / Sq Ft |
| 10/01/2019 10/01/19 | Pending | -- | -- | -- |
| 09/11/2019 09/11/19 | For Sale | $325,000 | -- | $146 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $5,028 | $224,100 | $90,000 | $134,100 |
| 2024 | $5,028 | $214,067 | $0 | $0 |
| 2023 | $4,792 | $204,033 | $0 | $0 |
| 2022 | $4,578 | $194,000 | $90,000 | $104,000 |
| 2021 | $4,549 | $192,767 | $0 | $0 |
| 2020 | $4,520 | $191,533 | $0 | $0 |
| 2019 | $4,470 | $190,300 | $90,000 | $100,300 |
| 2018 | $4,491 | $190,300 | $90,000 | $100,300 |
| 2017 | $4,491 | $190,300 | $0 | $0 |
| 2016 | $4,524 | $190,300 | $0 | $0 |
| 2015 | $4,524 | $176,867 | $0 | $0 |
| 2014 | $4,524 | $163,433 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Bright MLS
MLS Number: MDBA483802
APN: 3637-035
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