NOT LISTED FOR SALE

2815 N Calvert St Baltimore, MD 21218

Charles Village Neighborhood

Estimated Value: $497,528 - $576,000

-- Bed
5 Baths
3,830 Sq Ft
$140/Sq Ft Est. Value

Last Sold December 02, 2020

Last sale price $410,000 $107 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,616/month

6 Days on Market

Highlights

  • 0.06 Acre Lot
  • No HOA
  • 5-minute walk to Margaret Brent Playground
  • Traditional Architecture
  • Radiator

About This Home

As of December 2020

Legally zoned and licensed for 6 units: purchase this building today and build your apartment portfolio in hot Charles Village! This porch-front building houses 2 2-bedroom apartments, 2 1-bedroom apartments, and 2 studio apartments. 2-car parking pad in rear brings in additional monthly rent. Rent as-is, or renovate to increase value and raise rents! Located just blocks from Johns Hopkins University Homewood Campus and Union Memorial Hospital, there is a constant need for these apartments from students, nurses, doctors, techs, and support staff. Currently biotech is booming; Baltimore’s rental market, and especially the Charles Village submarket, is sure to stay strong! Tenants enjoy a short walk to class or work, and an easy commute to other parts of Baltimore. Most daily errands can be accomplished by walking, as Charles Village shopping district is just two blocks away. 2815 Calvert St. has a WalkScore of 90, a TransitScore of 61, and a BikeScore of 86. Schedule your tour of this income-producing building today! Investment Summary: $435,000 $72,500 Per Unit $144 Per Sq. Ft. 10.2 Times Actual Rent (GRM) 7.0 Times Market Rent (GRM) 7.62% Cap Rate 10.0% Cash-on-Cash Return

Last Listed By

Tom Fair

Ben Frederick Realty, Inc. Listed on: 08/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,511

Year Built

  • Built in 1902

Lot Details

  • 2,605 Sq Ft Lot
  • Property is in average condition

Home Design

  • Traditional Architecture
  • Built-Up Roof
  • Masonry

Interior Spaces

  • Finished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot

Utilities

  • Radiator
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 040A
  • Assessor Parcel Number 0312163848 040A

Community Details

Overview

  • No Home Owners Association

Building Details

  • 2 Vacant Units
  • Gross Income $62,040
  • Net Operating Income $33,151

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,511

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: tenants' possessions
  • New Construction: No
  • Year Built: 1902
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Legally zoned and licensed for 6 units: purchase this building today and build your apartment portfolio in hot Charles Village! This porch-front building houses 2 2-bedroom apartments, 2 1-bedroom apartments, and 2 studio apartments. 2-car parking pad in rear brings in additional monthly rent. Rent as-is, or renovate to increase value and raise rents! Located just blocks from Johns Hopkins University Homewood Campus and Union Memorial Hospital, there is a constant need for these apartments from students, nurses, doctors, techs, and support staff. Currently biotech is booming; Baltimore’s rental market, and especially the Charles Village submarket, is sure to stay strong! Tenants enjoy a short walk to class or work, and an easy commute to other parts of Baltimore. Most daily errands can be accomplished by walking, as Charles Village shopping district is just two blocks away. 2815 Calvert St. has a WalkScore of 90, a TransitScore of 61, and a BikeScore of 86. Schedule your tour of this income-producing building today! Investment Summary: $435,000 $72,500 Per Unit $144 Per Sq. Ft. 10.2 Times Actual Rent (GRM) 7.0 Times Market Rent (GRM) 7.62% Cap Rate 10.0% Cash-on-Cash Return
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Total Sq Ft: 3830
  • Living Area Sq Ft: 3830
  • Price Per Sq Ft: 143.56
  • Above Grade Finished Sq Ft: 3030
  • Below Grade Finished Sq Ft: 800
  • Total Below Grade Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2815

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • 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: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

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: 192700.00
  • Land Assessed Value: 90000.00
  • Land Use Code: 003
  • Lot Size Acres: 0.06
  • Lot Dimensions: 16'11" x 154'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2605.00
  • Property Condition: Average
  • Year Assessed: 2020
  • Zoning: R-6
  • Zoning Description: Licensed for 6 Dwelling Units
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 42840.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12955244
  • Tax Annual Amount: 6511.00
  • Assessor Parcel Number: 0312163848 040A
  • Tax Lot: 040A
  • Tax Total Finished Sq Ft: 3430
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 12/02/2020

Multi Family

  • Number Of Units Vacant: 2
  • Gross Scheduled Income: 62040.00
  • Single Room Units Count: 2
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2020
Closed on
Dec 2, 2020
Sold by
Agbu Patrick and Agbu Rita
Bought by
2815 N Calvert Llc
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
Tom Fair
Ben Frederick Realty, Inc.
List Price
$435,000
Sold Price
$410,000
Premium/Discount to List
-$25,000
-5.75%
Total Days on Market
6
Current Estimated Value
$536,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,764
Avg. Annual Appreciation
4.78%

Purchase Details

Closed on
Apr 25, 2003
Sold by
Wassman Raymond
Bought by
Agbu Patrick A and Agbu Rita I

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
2815 N Calvert Llc -- None Available
Agbu Patrick A $195,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2020 12/02/20 Sold $410,000 -5.7% $107 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
08/28/2020 08/28/20 For Sale $435,000 -- $114 / 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 $7,514 $319,900 $0 $0
2023 $7,111 $301,300 $0 $0
2022 $6,672 $282,700 $90,000 $192,700
2021 $6,618 $280,433 $0 $0
2020 $6,565 $278,167 $0 $0
2019 $6,480 $275,900 $90,000 $185,900
2018 $6,510 $275,833 $0 $0
2017 $6,508 $275,767 $0 $0
2016 $5,749 $275,700 $0 $0
2015 $5,749 $264,700 $0 $0
2014 $5,749 $253,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Fair

    Seller's Agent in 2020

    Tom Fair

    Ben Frederick Realty, Inc.

    (410) 235-5200

    30 in this area

    58 Total Sales

    Tom Fair
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Map

Source: Bright MLS

MLS Number: MDBA522352

Bright MLS

APN: 3848-040A

Maryland Baltimore City County Baltimore 21218 Charles Village

2815 N Calvert St, Baltimore, MD

Homes for Sale in Baltimore, MD

This home is located at 2815 N Calvert St, Baltimore, MD 21218 since 28 August 2020 and is currently estimated at $536,764, approximately $140 per square foot. This property was built in 1902. 2815 N Calvert St is a home located in Baltimore City with nearby schools including Barclay Elementary/Middle School, Booker T. Washington Middle School, and Frederick Douglass High School.

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