NOT LISTED FOR SALE

Estimated Value: $331,000 - $372,461

-- Bed
-- Bath
3,300 Sq Ft
$108/Sq Ft Est. Value

Last Sold March 27, 2024

Last sale price $372,500 $113 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,013/month

26 Days on Market

Highlights

  • View of Trees or Woods
  • Patio
  • Ceramic Tile Flooring
  • Double Pane Windows
  • Open Space
  • Forced Air Heating and Cooling System

About This Home

As of March 2024

CASH COW !!!! Contract fell through due to lack of Buyer closing funds. Renovated 4-unit building that sits on 2 Lots. FHA Appraised at over $405,000 in November. Scheduled Rent $3,650/month on Two -2 bedroom/1 bath and Two -3 bedroom/1 bath. Each unit has two-levels. 100% Occupancy, Kitchen has gas stove and refrigerator. Laminate Flooring. Lots of windows. Close to bus line, Old Frederick Shopping Center and St. Agnes Hospital. Large front and side yards. Separately metered for gas and electric. Landlord pays water only. Lead Certificates for all Units. Sold As-Is.

Last Agent to Sell the Property

Genevieve Hanson

Fairfax Realty Premier License #616908 Listed on: 02/01/2024

Last Buyer's Agent

Brian Magill

Cummings & Co. Realtors

Cummings & Co. Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $375

Year Built

  • Built in 1905 | Remodeled in 2013

Lot Details

  • 9,248 Sq Ft Lot
  • Open Space
  • Back Yard
  • Ground Rent expires in 75 years
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,300 Sq Ft Home
  • Double Pane Windows
  • Views of Woods

Kitchen

  • Gas Oven or Range
  • ENERGY STAR Qualified Refrigerator

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Outdoor Features

  • Patio

Schools

  • Frederick Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for water, snow removal
  • Assessor Parcel Number 0320062183C050A

Community Details

Overview

  • 4 Units
  • 1-Story Building
  • Shipley Hill Subdivision

Building Details

  • Income includes apartment rentals
  • Gross Income $43,800
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$375

Year Built

Built in 1905 | Remodeled in 2013

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Stove, refrigerator
  • New Construction: No
  • Year Built: 1905
  • Year Renovated: 2013
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: CASH COW !!!! Contract fell through due to lack of Buyer closing funds. Renovated 4-unit building that sits on 2 Lots. FHA Appraised at over $405,000 in November. Scheduled Rent $3,650/month on Two -2 bedroom/1 bath and Two -3 bedroom/1 bath. Each unit has two-levels. 100% Occupancy, Kitchen has gas stove and refrigerator. Laminate Flooring. Lots of windows. Close to bus line, Old Frederick Shopping Center and St. Agnes Hospital. Large front and side yards. Separately metered for gas and electric. Landlord pays water only. Lead Certificates for all Units. Sold As-Is.
  • Special Features: None

Interior Features

  • Appliances: Energy Star Refrigerator, Oven/Range - Gas
  • Flooring Type: Laminated, Ceramic Tile, Carpet
  • Window Features: Double Pane
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Room Count: 10
  • Basement: No
  • Total Sq Ft: 3300
  • Living Area Sq Ft: 3300
  • Price Per Sq Ft: 117.55
  • Above Grade Finished Sq Ft: 3300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2860-62

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape, Sidewalks
  • Roof: Asphalt, Rubber
  • Spa: No
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Sewer Available, Natural Gas Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • Elementary School: FREDERICK
  • Elementary School Source: Listing Agent
  • School District Key: 121137830454
  • School District Source: Listing Agent
  • Elementary School: FREDERICK

Lot Info

  • Lot Features: Adjoins - Open Space, Rear Yard, Road Frontage
  • Lot Size Acres: 0.21
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9248.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 75
  • Owner Pays: Water, Snow Removal
  • Rent Control: No
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 43800.00
  • Income Expense List: Annual Ground Rent
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Vacancy Allowance Rate: 10.00

Tax Info

  • Tax Annual Amount: 375.00
  • Assessor Parcel Number: 0320062183C050A
  • Tax Year: 2023
  • Close Date: 03/27/2024

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 27, 2024
Sold by
Hanson Genevieve
Bought by
Owens Dominique
Seller's Agent
Genevieve Hanson
Fairfax Realty Premier
Buyer's Agent
Brian Magill
Cummings & Co. Realtors
List Price
$387,900
Sold Price
$372,500
Premium/Discount to List
-$15,400
-3.97%
Views
59
Current Estimated Value
$355,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,013
Avg. Annual Appreciation
3.63%
Original Mortgage
$277,500
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2005
Sold by
Legacy Realty Investments
Bought by
Arnoux Anthony M

Purchase Details

Closed on
Apr 1, 2005
Sold by
Legacy Realty Investments
Bought by
Arnoux Anthony M

Purchase Details

Closed on
Feb 5, 2004
Sold by
Thomas John
Bought by
Legacy Realty Investments

Purchase Details

Closed on
Jan 22, 2004
Sold by
Thomas John
Bought by
Legacy Realty Investments and Inc

Purchase Details

Closed on
Feb 14, 1997
Sold by
Western Maryland College
Bought by
Thomas John
Source: Public Records

Range of Values:

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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
Owens Dominique $372,500 None Listed On Document
Arnoux Anthony M $40,000 --
Arnoux Anthony M $40,000 --
Legacy Realty Investments $10,900 --
Legacy Realty Investments $10,900 --
Thomas John $9,000 --
Western Maryland College $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Owens Dominique $277,500
Previous Owner Victoria Property Holdings Llc $44,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2024 03/27/24 Sold $372,500 -4.0% $113 / Sq Ft
02/01/2024 02/01/24 For Sale $387,900 -- $118 / 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 $603 $27,333 -- --
2024 $603 $25,667 $0 $0
2023 $564 $24,000 $5,000 $19,000
2022 $505 $21,400 $0 $0
2021 $444 $18,800 $0 $0
2020 $382 $16,200 $3,000 $13,200
2019 $371 $15,800 $0 $0
2018 $363 $15,400 $0 $0
2017 $354 $15,000 $0 $0
2016 $592 $15,000 $0 $0
2015 $592 $15,000 $0 $0
2014 $592 $25,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2112848

Bright MLS

APN: 2183C-050A