NOT LISTED FOR SALE

Estimated Value: $503,592 - $571,000

Studio
4 Baths
3,330 Sq Ft
$161/Sq Ft Est. Value

Last Sold August 15, 2020

Last sale price $385,000 $116 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,463/month

6 Days on Market

Highlights

  • 0.06 Acre Lot
  • No HOA
  • Radiator
  • Traditional Architecture
  • Heating System Uses Steam
  • 2-minute walk to Margaret Brent Playground

About This Home

As of August 2020

This large, 3,300 sq. ft. building houses 2 2-bedroom, 2-bath apartments, 1 1-bedroom 1-bath apartment, and 1 studio apartment. Add this fully occupied money maker to your portfolio!This porch-front painted lady offers tenants a 2-car parking pad in the rear and laundry in the basement. With a total of 3,300 sq. ft. above-grade area, these apartments are spacious with large bedrooms and ample living areas.Located just a short walk from Johns Hopkins University Homewood Campus and the Charles Village Shopping District. Tenants also enjoy a short commute to University of Baltimore, MICA, and the artsy districts of Station North and Old Goucher. 2705 Calvert St. has a WalkScore of 89, a TransitScore of 65, and a BikeScore of 86. Check out the neighborhood at: https://www.benfrederick.com/why-charles-village-is-great-for-investment-properties-in-baltimore/While all units are currently rented, a new owner could maximize income by charging water to tenants or by upgrading these units.See OM for rent details. Investment Summary:$395,000$98,750 Per Unit$119 Per Sq. Ft.8.2 Times Actual Rent (GRM)8.1 Times Market Rent (GRM)8.78% Cap Rate14.5% Cash-on-Cash Return

Last Agent to Sell the Property

Tom Fair

(410) 235-9500 info@benfrederick.com Ben Frederick Realty, Inc. Listed on: 06/25/2020

Last Buyer's Agent

Tom Fair

(410) 235-9500 info@benfrederick.com Ben Frederick Realty, Inc. Listed on: 06/25/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,368

Year Built

  • Built in 1900

Lot Details

  • 2,772 Sq Ft Lot
  • Lot Dimensions are 18' x 154'
  • Property is in average condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Stone Siding

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Off-Street Parking

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Natural Gas Water Heater
  • Municipal Trash

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • 4 Units
  • Charles Village Subdivision

Listing and Financial Details

  • Tax Lot 027
  • Assessor Parcel Number 0312163843 027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,368

Year Built

Built in 1900

Lot Details

2,772 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: tenants' possessions
  • Historic: No
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Total Sq Ft: 4430
  • Living Area Sq Ft: 3330
  • Price Per Sq Ft: 118.62
  • Above Grade Finished Sq Ft: 3330
  • Below Grade Sq Ft: 1100
  • Total Below Grade Sq Ft: 1100
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stone
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Steam, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 222200.00
  • Land Assessed Value: 90000.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 18' x 154'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2772.00
  • Property Condition: Average
  • Zoning: R-6
  • Zoning Description: 3 Dwelling Units and 1 Efficiency Apartment
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 47880.00
  • Units Leased Count: 4
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 12955183
  • Tax Annual Amount: 7368.00
  • Assessor Parcel Number: 0312163843 027
  • Tax Lot: 027
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Aug 13, 2020
Sold by
Klucina Mathew M and Klucina Peggy
Bought by
Kung Fu Grip Llc
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
Tom Fair
Ben Frederick Realty, Inc.
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%
Current Estimated Value
$537,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,296
Avg. Annual Appreciation
6.24%
Original Mortgage
$300,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2008
Sold by
Trimble Terry L
Bought by
Klucina Mathew M and Johnston Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,489
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 1999
Sold by
Ludecke Ludwig F
Bought by
Trimble Terry L
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
Kung Fu Grip Llc -- None Available
Klucina Mathew M $352,653 --
Trimble Terry L $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kung Fu Grip Llc $300,000
Previous Owner Klucina Mathew M $264,489
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2020 08/15/20 Sold $385,000 -2.5% $116 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $395,000 -- $119 / Sq Ft
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 $8,340 $376,500 $90,000 $286,500
2024 $8,340 $355,067 -- --
2023 $7,836 $333,633 $0 $0
2022 $7,368 $312,200 $90,000 $222,200
2021 $7,307 $309,600 $0 $0
2020 $7,245 $307,000 $0 $0
2019 $7,150 $304,400 $90,000 $214,400
2018 $7,181 $304,300 $0 $0
2017 $7,179 $304,200 $0 $0
2016 $5,883 $304,100 $0 $0
2015 $5,883 $282,733 $0 $0
2014 $5,883 $261,367 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA514836

Bright MLS

APN: 3843-027

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