$435,000
SOLD JUL 15, 2022
-- Bed
-- Bath
2,758 Sq Ft
1,968 Sq Ft Lot

Recently Sold

$158 Per Sq Ft

2% Below List Price

43 Days on Market

Highlights

  • 0.05 Acre Lot
  • Wood Flooring
  • Radiator
  • Traditional Architecture
  • Heating System Uses Steam
  • 4-minute walk to Margaret Brent Playground

About This Home

As of July 2022

This brick townhome houses two updated apartments, and a third apartment that could be easily renovated to increase value. With upgraded plumbing and electrical systems, and separately metered utilities, 2814 North Calvert provides great bones and a stable start for an investor or owner-occupant buyer. Located just three blocks from Johns Hopkins University Homewood Campus, property values and potential tenant pool are anchored by this world-renowned institution.
The first floor and second floor apartments are upgraded: their kitchens have granite countertops, stainless steel sinks with garbage disposals, gas ranges, and a mix of wood and laminate cabinets. Bathrooms feature stylish sinks, shower stalls, and ceramic tile floors. The majority of windows have been upgraded to double-pane vinyl replacement windows. Refurbished hardwood floors run through these apartments.

The third floor apartment houses a long-term tenant. A new owner could keep the rent low and enjoy the steady income, or upgrade this apartment to increase property value and future rents.

Tenants can utilize the free clothes washer & dryer in the basement. One-car parking is available in the rear. The first floor tenant enjoys a large rear deck.
Each apartment is separately metered for gas and electric. The owner bills the tenants back for public service gas, electric, and water/sewer, maximizing cash flow for the landlord.

2814 North Calvert Street has 400-amp electric service, with 100 amps to each apartment. The water main is copper. Observable supply lines are copper and c-pvc; drain lines are a mix of pvc and steel. Both upper and lower roof are built-up. The apartments are served by one central gas-fired 50 gallon State Select water heater. Heat is provided steam radiators, and a gas-fired Burnham boiler.
Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block south is the Hopkins Shuttle Stop, providing an easy commute to Hopkins’ other Baltimore campuses. 2814 North Calvert Street earns the designation “Walker’s Paradise” with a WalkScore of 92, a TransitScore of 61, and a BikeScore of 87. 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.
Investment Summary:
$445,000
$148,333 Per Unit
$161 Per Sq. Ft.
11.6 Times Actual Rent (GRM)
9.7 Times Market Rent (GRM)
7.54% Cap Rate
8.1% Projected Cash-on-Cash Return

Last Agent to Sell the Property

Tom Fair

Ben Frederick Realty, Inc. Listed on: 04/15/2022

Last Buyer's Agent

Ms. Lola Slater

EXP Realty, LLC License #665393

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,702

Year Built

  • Built in 1902

Lot Details

  • 1,968 Sq Ft Lot
  • Lot Dimensions are 16' x 123'
  • Ground Rent of $90 semi-annually
  • Property is in good condition

Home Design

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

Interior Spaces

  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet

Parking

  • 1 Parking Space
  • 1 Off-Street Space

Utilities

  • Radiator
  • Heating System Uses Steam
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 008
  • Assessor Parcel Number 0312163849 008

Community Details

Overview

  • 3 Units
  • Charles Village Subdivision

Building Details

  • Gross Income $45,870
  • Net Operating Income $33,535

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,702

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: Ground Rent
  • Exclusions: tenants' possessions
  • Historic: No
  • Home Warranty: No
  • Inclusions: 2 dishwashers, 3 ranges, 3 refrigerators, 2 garbage disposals
  • New Construction: No
  • Year Built: 1902
  • Automatically Close On Close Date: No
  • Remarks Public: This brick townhome houses two updated apartments, and a third apartment that could be easily renovated to increase value. With upgraded plumbing and electrical systems, and separately metered utilities, 2814 North Calvert provides great bones and a stable start for an investor or owner-occupant buyer. Located just three blocks from Johns Hopkins University Homewood Campus, property values and potential tenant pool are anchored by this world-renowned institution. The first floor and second floor apartments are upgraded: their kitchens have granite countertops, stainless steel sinks with garbage disposals, gas ranges, and a mix of wood and laminate cabinets. Bathrooms feature stylish sinks, shower stalls, and ceramic tile floors. The majority of windows have been upgraded to double-pane vinyl replacement windows. Refurbished hardwood floors run through these apartments. The third floor apartment houses a long-term tenant. A new owner could keep the rent low and enjoy the steady income, or upgrade this apartment to increase property value and future rents. Tenants can utilize the free clothes washer & dryer in the basement. One-car parking is available in the rear. The first floor tenant enjoys a large rear deck. Each apartment is separately metered for gas and electric. The owner bills the tenants back for public service gas, electric, and water/sewer, maximizing cash flow for the landlord. 2814 North Calvert Street has 400-amp electric service, with 100 amps to each apartment. The water main is copper. Observable supply lines are copper and c-pvc; drain lines are a mix of pvc and steel. Both upper and lower roof are built-up. The apartments are served by one central gas-fired 50 gallon State Select water heater. Heat is provided steam radiators, and a gas-fired Burnham boiler. Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block south is the Hopkins Shuttle Stop, providing an easy commute to Hopkins’ other Baltimore campuses. 2814 North Calvert Street earns the designation “Walker’s Paradise” with a WalkScore of 92, a TransitScore of 61, and a BikeScore of 87. 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. Investment Summary: $445,000 $148,333 Per Unit $161 Per Sq. Ft. 11.6 Times Actual Rent (GRM) 9.7 Times Market Rent (GRM) 7.54% Cap Rate 8.1% Projected Cash-on-Cash Return
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood, Carpet
  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Full, Partially Finished
  • Total Sq Ft: 3777
  • Living Area Sq Ft: 2758
  • Price Per Sq Ft: 161.35
  • Above Grade Finished Sq Ft: 2758
  • Below Grade Sq Ft: 1019
  • Total Below Grade Sq Ft: 1019
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2814

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
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator, Steam
  • 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: 196300.00
  • Land Assessed Value: 90000.00
  • Land Use Code: R
  • Lot Size Acres: 0.05
  • Lot Dimensions: 16' x 123'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1968.00
  • Property Condition: Good
  • Year Assessed: 2022
  • Zoning: R-8
  • Zoning Description: Permitted for 3 Dwelling Units. Rental License Renewal Pending
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Amt: 90.00
  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Semi-Annually
  • Rent Control: No
  • Total Actual Rent: 38520.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12955259
  • Tax Annual Amount: 6702.00
  • Assessor Parcel Number: 0312163849 008
  • Tax Lot: 008
  • Tax Total Finished Sq Ft: 2758
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 07/15/2022

Multi Family

  • Gross Scheduled Income: 45870.00

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
Jul 14, 2022
Sold by
Er Calvert Llc
Bought by
Hawthorne Angel
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
Ms. Lola Slater
EXP Realty, LLC
List Price
$445,000
Sold Price
$435,000
Premium/Discount to List
-$10,000
-2.25%
Current Estimated Value
$540,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,706
Avg. Annual Appreciation
3.66%
Original Mortgage
$427,121
Interest Rate
5.78%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 2022
Sold by
A & P Llc
Bought by
Russo Christopher and Russo Audra
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $435,000 --
Deed $1,500 Friedman Jeffrey A
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $427,121 FHA
Previous Owner $151,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $435,000 -2.2% $158 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $445,000 0.0% $161 / Sq Ft
04/16/2022 04/16/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $445,000 +94.7% $161 / Sq Ft
08/04/2015 08/04/15 Sold $228,500 -2.8% $83 / Sq Ft
06/30/2015 06/30/15 Pending -- -- --
06/30/2015 06/30/15 For Sale $235,000 -- $85 / 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 $7,242 $418,400 $90,000 $328,400
2024 $7,242 $374,367 $0 $0
2023 $7,796 $330,333 $0 $0
2022 $6,757 $286,300 $90,000 $196,300
2021 $6,702 $284,000 $0 $0
2020 $6,648 $281,700 $0 $0
2019 $6,562 $279,400 $90,000 $189,400
2018 $6,589 $279,200 $0 $0
2017 $6,584 $279,000 $0 $0
2016 $6,298 $278,800 $0 $0
2015 $6,298 $274,500 $0 $0
2014 $6,298 $270,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2041476

Bright MLS

APN: 3849-008