
Seller's Agent in 2024
Will Cannon
Ben Frederick Realty, Inc.
(410) 916-3331
13 in this area
76 Total Sales
Estimated Value: $395,779
Join the Resurgence of 25th Street, Dubbed “The Black Wall Street of Baltimore” by the Baltimore Sun. Deceptively Large Rowhome in Charles Village: Provides 3,135 Square Feet Gross Living Area Plus Usable Basement Space. Upside Potential to Improve Residential Kitchens and Baths to Achieve Higher Rental Rates. Zoned C-1, The Property Provides Versatility, Allowing Owners to Change Uses from Residential to Commercial as They Desire. The apartments on the second and third floors are plus-sized 1-bedrooms. This interior rowhome boasts large windows on both the north and south walls, with a southern-facing bay window providing bonus natural light. Generous room sizes are accentuated by hardwood floors throughout most of the living spaces. Kitchens have either an 30′′ electric or gas range, wood cabinets, laminate counters and laminate flooring. The 2nd floor apartment has a porcelain sink top; the 3rd floor has a stainless sink. Bathrooms have modern vanities, cast iron tubs with ceramic tile tub-surrounds. Upgrading kitchens and bathrooms would significantly improve monthly rents.
The commercial suites are built-out and upgraded by the Tenants to meet the needs of the Tenants’ use. The first floor provides medical training and has been home to Phylis Angels Training Center since 2017, with classrooms and training stations. Wall-to-wall carpeting throughout, with a modern half bath and private office in the rear. The terrace retail suite has seen major improvements in the last few years, with new drywall walls and ceilings, recessed lighting, LVP flooring and improved half-bath. The very rear of the terrace is home to the utilities and provides the tenant with additional storage space.
Inside this Charles Village Mixed-Use, the apartments are heated by a central Repco 275,00 BTU hot water radiator heating system; radiant heating serves the terrace store. The landlord does pay for the gas heat; a savvy owner could pass this through to tenants, improving cash flow. The 1st floor commercial tenant has their own heat pump with central air. A central 40-gallon gas-fired water heater supplies hot water to all units. Each unit has its own electric meter and pays their own electric. Two gas meters serve the property, one public service and the other presumed for Apartment 2. BGE is not actively billing the owner for natural gas usage. All interior water supply pipes are copper or C-PVC, with a copper water main. All observable interior water drain lines are copper or steel. The landlord currently pays for water. The Charles Village 25th Street corridor has been dubbed the “Black Wall Street of Baltimore” by the Baltimore Sun. Its numerous clothing retailers, art shops, and beauty stores has made it a fashion destination in Baltimore City. Commercial tenants enjoy the high visibility and walking traffic this location brings. Residential tenants enjoy the close proximity to various restaurants, art venues, and stores. Johns Hopkins, the city’s #1 employer, has its Homewood Campus just five blocks north. The central location in Baltimore gives residents a quick commute to downtown Baltimore or a short drive to I-83 for a drive to Baltimore County. The Maryland Avenue CycleTrack is one block away for bike commuters.
28 East 25th Street is designated a “Walker’s Paradise” with a Walk Score of 95; a Transit Score of 80; and a Bike Score of 85.
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
28 E Holdings Llc | $385,000 | Terrain Title | |
28 E 25Th Llc | -- | Eagle Title Llc | |
Smj Baltimore Llc | $157,500 | Attorney |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/26/2024 08/26/24 | Sold | $385,000 | -2.5% | $123 / Sq Ft |
07/29/2024 07/29/24 | Pending | -- | -- | -- |
04/25/2024 04/25/24 | For Sale | $395,000 | -- | $126 / Sq Ft |
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 | $6,263 | $320,400 | $71,800 | $248,600 |
2024 | $6,263 | $266,633 | $0 | $0 |
2023 | $5,024 | $212,867 | $0 | $0 |
2022 | $3,755 | $159,100 | $71,800 | $87,300 |
2021 | $3,521 | $149,200 | $0 | $0 |
2020 | $3,287 | $139,300 | $0 | $0 |
2019 | $3,039 | $129,400 | $71,800 | $57,600 |
2018 | $3,054 | $129,400 | $71,800 | $57,600 |
2017 | $3,054 | $129,400 | $0 | $0 |
2016 | $2,966 | $129,400 | $0 | $0 |
2015 | $2,966 | $128,100 | $0 | $0 |
2014 | $2,966 | $126,800 | $0 | $0 |
Seller's Agent in 2024
Will Cannon
Ben Frederick Realty, Inc.
(410) 916-3331
13 in this area
76 Total Sales
Seller Co-Listing Agent in 2024
Cheryl Sadera
Ben Frederick Realty, Inc.
(410) 688-1348
19 in this area
78 Total Sales
Buyer's Agent in 2024
Justin Akchurin
Coldwell Banker (NRT-Southeast-MidAtlantic)
(240) 472-9873
1 in this area
70 Total Sales
Source: Bright MLS
MLS Number: MDBA2123116
APN: 3831-029