NOT LISTED FOR SALE

Estimated Value: $487,000 - $573,292

-- Bed
3 Baths
2,748 Sq Ft
$193/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $520,000 $189 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,752/month

8 Days on Market

Highlights

  • 0.06 Acre Lot
  • Wood Flooring
  • Property is in very good condition
  • Traditional Architecture
  • Central Air
  • 4-minute walk to Margaret Brent Playground

About This Home

As of December 2021

This well-maintained apartment building houses an efficiency, a 1-bedroom, and a 3-bedroom apartment. 2807 Calvert is equipped with central heating and air conditioning, updated kitchens and bathrooms, and many other upgrades. Perfect for an investor, an owner-occupant purchaser, or as housing for Hopkins roommates.
Unit Mix:
1 Efficiency Apartment
1 One-Bedroom Apartment
1 Three-Bedroom, Three-Bathroom Apartment
Kitchens in apartments 2 and 3 have modern appliances including dishwashers, garbage disposals, built-in microwaves, and 30? ranges. Sturdy laminate countertops and ceramic tile flooring make for easy cleanup. Apartment 1 has an efficiency kitchen, with a porcelain sink top and 20? range. Bathrooms have modern vanities and ceramic tile floors.
Living areas feature hardwood floors, vinyl replacement windows, and recessed lighting. Walls and ceilings are a mix of plaster and drywall. Apartment 2 has a bump-out addition, which increases its size and exposes some brick for a chic modern look.
2807 N Calvert has one gas meter and one electric meter. The landlord bills back the tenants to cover 100% of these utilities plus the water/sewer charges; so, the landlord incurs no utility expenses.
The water main and observable supply lines are copper; drain lines are pvc. 150 amp electric service. A gas-fired 50-gallon 2007 Maytag water heater provides hot water; a gas-fired Ducane furnace and paired air conditioning unit provide heating and cooling.
Tenants utilize the shared clothes washer & dryer in the basement.
Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block to the South-West is the Hopkins Shuttle Stop, providing an easy commute to Hopkins’ other Baltimore campuses. 2807 N Calvert St earns the designation “Walker’s Paradise” with a WalkScore of 90, and a TransitScore of 58. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events.
$549,000
$183,000 Per Unit
$200 Per Sq. Ft.
9.9 Times Market Rent (GRM)
7.64% Cap Rate
11.6% Projected Cash-on-Cash Return

Last Listed By

Tom Fair

Ben Frederick Realty, Inc. Listed on: 11/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,673

Year Built

  • Built in 1902

Lot Details

  • 2,464 Sq Ft Lot
  • Lot Dimensions are 16' x 154'
  • Property is in very good condition

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Built-Up Roof

Flooring

  • Wood
  • Ceramic Tile

Basement

  • Basement Fills Entire Space Under The House
  • Basement with some natural light

Parking

  • 1 Parking Space
  • 1 Off-Street Space
  • Gravel Driveway

Utilities

  • Central Air
  • Radiator
  • 150 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 043
  • Assessor Parcel Number 0312163848 043

Community Details

Overview

  • 3 Units
  • Charles Village Subdivision

Building Details

  • 1 Vacant Unit
  • Gross Income $55,200
  • Net Operating Income $41,937

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,673

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: tenants' possessions
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1902
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: This well-maintained apartment building houses an efficiency, a 1-bedroom, and a 3-bedroom apartment. 2807 Calvert is equipped with central heating and air conditioning, updated kitchens and bathrooms, and many other upgrades. Perfect for an investor, an owner-occupant purchaser, or as housing for Hopkins roommates. Unit Mix: 1 Efficiency Apartment 1 One-Bedroom Apartment 1 Three-Bedroom, Three-Bathroom Apartment Kitchens in apartments 2 and 3 have modern appliances including dishwashers, garbage disposals, built-in microwaves, and 30″ ranges. Sturdy laminate countertops and ceramic tile flooring make for easy cleanup. Apartment 1 has an efficiency kitchen, with a porcelain sink top and 20″ range. Bathrooms have modern vanities and ceramic tile floors. Living areas feature hardwood floors, vinyl replacement windows, and recessed lighting. Walls and ceilings are a mix of plaster and drywall. Apartment 2 has a bump-out addition, which increases its size and exposes some brick for a chic modern look. 2807 N Calvert has one gas meter and one electric meter. The landlord bills back the tenants to cover 100% of these utilities plus the water/sewer charges; so, the landlord incurs no utility expenses. The water main and observable supply lines are copper; drain lines are pvc. 150 amp electric service. A gas-fired 50-gallon 2007 Maytag water heater provides hot water; a gas-fired Ducane furnace and paired air conditioning unit provide heating and cooling. Tenants utilize the shared clothes washer & dryer in the basement. Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block to the South-West is the Hopkins Shuttle Stop, providing an easy commute to Hopkins’ other Baltimore campuses. 2807 N Calvert St earns the designation “Walker’s Paradise” with a WalkScore of 90, and a TransitScore of 58. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events. $549,000 $183,000 Per Unit $200 Per Sq. Ft. 9.9 Times Market Rent (GRM) 7.64% Cap Rate 11.6% Projected Cash-on-Cash Return
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood, Ceramic Tile
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Daylight, Partial
  • Total Sq Ft: 3758
  • Living Area Sq Ft: 2748
  • Price Per Sq Ft: 199.78
  • Above Grade Finished Sq Ft: 2748
  • Below Grade Sq Ft: 1010
  • Total Below Grade Sq Ft: 1010
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2807

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 150 Amps
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

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: 105400.00
  • Land Assessed Value: 90000.00
  • Land Use Code: R
  • Lot Size Acres: 0.06
  • Lot Dimensions: 16' x 154'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2464.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: R-6
  • Zoning Description: Licensed for 3 Dwelling Units
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Rent Control: No
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12955248
  • Tax Annual Amount: 4673.00
  • Assessor Parcel Number: 0312163848 043
  • Tax Lot: 043
  • Tax Total Finished Sq Ft: 2748
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/17/2021

Multi Family

  • Number Of Units Vacant: 1
  • Gross Scheduled Income: 55200.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Dec 17, 2021
Sold by
Sheldon Epstein
Bought by
Butler Chere and Butler Jerry
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
Tom Fair
Ben Frederick Realty, Inc.
List Price
$549,000
Sold Price
$520,000
Premium/Discount to List
-$29,000
-5.28%
Total Days on Market
8
Current Estimated Value
$530,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,146
Avg. Annual Appreciation
0.99%
Original Mortgage
$510,581
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2009
Sold by
Us Bank National Association
Bought by
Epstein Sheldon and Epstein David

Purchase Details

Closed on
Mar 13, 2006
Sold by
Village Properties Llc
Bought by
Wade Brenda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 1999
Sold by
Cusick Patrick T
Bought by
Village Properties Llc

Range of Values:

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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
Butler Chere $520,000 Sage Title
Epstein Sheldon $166,077 --
Us Bank National Association $272,000 --
Wade Brenda C $365,000 --
Village Properties Llc $87,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Butler Chere $510,581
Previous Owner Epstein Sheldon $168,000
Previous Owner Wade Brenda C $255,500
Previous Owner Wade Brenda C $109,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $520,000 -5.3% $189 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $549,000 -- $200 / 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
2024 $9,573 $407,567 $0 $0
2023 $7,127 $303,433 $0 $0
2022 $4,703 $199,300 $90,000 $109,300
2021 $4,673 $198,000 $0 $0
2020 $4,642 $196,700 $0 $0
2019 $4,589 $195,400 $90,000 $105,400
2018 $4,611 $195,400 $90,000 $105,400
2017 $4,611 $195,400 $0 $0
2016 $4,183 $195,500 $0 $0
2015 $4,183 $194,367 $0 $0
2014 $4,183 $193,233 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2018064

Bright MLS

APN: 3848-043