SOLD NOV 9, 2021
RENTED DEC 10, 2024
2908 N Calvert St Baltimore, MD 21218
Charles Village Neighborhood
--
Bed
--
Bath
2,932
Sq Ft
1,968
Sq Ft Lot
Highlights
- 0.05 Acre Lot
- No HOA
- Oversized Parking
- Traditional Architecture
- 1 Car Detached Garage
- Heating System Uses Steam
About This Home
As of November 2021This 4-unit apartment building is located on a prime block in Charles Village. While three of four units are rented, the rents are low and kitchens and bathrooms are older–providing the opportunity to make improvements and increase rents accordingly. Kitchens have electric ranges, wood cabinets, laminate countertops and stainless steel sinks. Bathrooms include a mix of steel and cast iron tubs; porcelain and wall-mounted sinks; and a mix of ceramic tile, vinyl tile, and laminate floors. Living areas have plaster walls, plaster and Celotex ceilings, and hardwood and laminate floors. An oversized 1-car garage provides parking or additional storage for tenants. Tenants pay for their own electric meters, and reimburse the landlord for water consumption. The landlord pays for public service electric, heat, and hot water. A savvy landlord can increase cash flow by passing these expenses through to the tenants. 2908 N Calvert St has 200-amp electric service, and five electric meters. There is one gas meter that fires the steam boiler and 67-gallon water heater. Coin-operated laundry is available in the basement. The water main is 3/4? copper; observable interior water supply pipes are a mix of copper and steel, and drain lines are steel. The building has single-pane, double-hung wood windows, a lower built-up tar roof with elastomeric coating, and an upper roof of 90 lb mineral felt (upper roof replaced in 2018). Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. The 32nd St. Farmer’s Market is just around the corner, open every Saturday. 2908 N Calvert St earns the designation “Walker’s Paradise” with a WalkScore of 92, a TransitScore of 59, and a BikeScore of 86. 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. Charles Village attracts a variety of tenants, and as such there is a demand for apartments in all conditions and all price ranges. These apartments are rentable as-is, and offer the opportunity to make improvements and increase income. $425,000 $106,250 Per Unit $145 Per Sq. Ft. 12.5 Times Actual Rent (GRM) 9.1 Times Market Rent (GRM) 7.31% Cap Rate 10.9% Projected Cash-On-Cash Return
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,428
Year Built
- Built in 1902
Lot Details
- 1,968 Sq Ft Lot
- Lot Dimensions are 16' x 123'
- Property is in average condition
Parking
- 1 Car Detached Garage
- Oversized Parking
Home Design
- Quadruplex
- Traditional Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Plaster Walls
Interior Spaces
- 2,932 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Utilities
- Radiator
- Heating System Uses Steam
- 60 Gallon+ Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- Tax Lot 005
- Assessor Parcel Number 0312163852 005
Community Details
Overview
- No Home Owners Association
- 4 Units
- Charles Village Subdivision
Building Details
- 1 Vacant Unit
- Gross Income $48,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 8, 2021
Closed on
Nov 9, 2021
Sold by
Agbu Patrick A
Bought by
Addt Llc
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
Tom Fair
Ben Frederick Realty, Inc.
List Price
$425,000
Sold Price
$424,000
Premium/Discount to List
-$1,000
-0.24%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,024
Avg. Annual Appreciation
5.54%
Original Mortgage
$339,200
Interest Rate
3.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 21, 2001
Sold by
Gloss John J
Bought by
Agbu Patrick and Agbu Rita
Similar Homes in Baltimore, MD
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Friedman Jeffrey A | |
| Deed | $167,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $339,200 | New Conventional | |
| Previous Owner | $224,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/10/2024 12/10/24 | Rented | $950 | 0.0% | -- |
| 11/06/2024 11/06/24 | For Rent | $950 | +6.1% | -- |
| 11/01/2023 11/01/23 | Rented | $895 | 0.0% | -- |
| 10/25/2023 10/25/23 | Under Contract | -- | -- | -- |
| 09/16/2023 09/16/23 | Price Changed | $895 | -10.1% | $1 / Sq Ft |
| 08/29/2023 08/29/23 | Price Changed | $995 | -9.1% | $2 / Sq Ft |
| 08/10/2023 08/10/23 | For Rent | $1,095 | 0.0% | -- |
| 11/09/2021 11/09/21 | Sold | $424,000 | -0.2% | $145 / Sq Ft |
| 07/29/2021 07/29/21 | Pending | -- | -- | -- |
| 06/08/2021 06/08/21 | For Sale | $425,000 | -- | $145 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,758 | $287,733 | $0 | $0 |
| 2023 | $6,080 | $258,867 | $0 | $0 |
| 2022 | $5,428 | $230,000 | $90,000 | $140,000 |
| 2021 | $5,428 | $230,000 | $90,000 | $140,000 |
| 2020 | $6,172 | $261,533 | $0 | $0 |
| 2019 | $6,095 | $259,500 | $90,000 | $169,500 |
| 2018 | $6,124 | $259,500 | $90,000 | $169,500 |
| 2017 | $6,124 | $259,500 | $0 | $0 |
| 2016 | $5,753 | $259,600 | $0 | $0 |
| 2015 | $5,753 | $254,033 | $0 | $0 |
| 2014 | $5,753 | $248,467 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ann Fechner
Seller's Agent in 2024
Ann Fechner
Cummings & Co Realtors
(443) 615-9211
70 Total Sales
-
datacorrect BrightMLS
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
-
John Bailey
Buyer's Agent in 2023
John Bailey
Cummings & Co Realtors
(781) 835-9036
2 in this area
70 Total Sales
-
Tom Fair
Seller's Agent in 2021
Tom Fair
Ben Frederick Realty, Inc.
(410) 235-5200
29 in this area
56 Total Sales
Map
Source: Bright MLS
MLS Number: MDBA554598
APN: 3852-005
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