NOT LISTED FOR SALE

Estimated Value: $502,894 - $590,000

-- Bed
4 Baths
3,316 Sq Ft
$165/Sq Ft Est. Value

Last Sold May 18, 2020

Last sale price $393,750 $119 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,707/month

33 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Radiator

About This Home

As of May 2020

List price is opening bid only. TIMED ONLINE AUCTION: Bidding Begins Saturday, March 21 @ 1:00 pm and ends on Thursday, March 26th @ 2:30 pm. NO PRIVATE APPOINTMENTS - Turn Key Rental Opportunity! Exceptional opportunity to purchase a fully leased, and well-maintained 4-unit apartment building, conveniently located in the "Charles Village" community of Baltimore City. The unit mix consists of 4-One-Bedroom and One-Full Bathroom units. Rent Roll: Unit B: Currently rents for $600/month. Tenant move-in date of 10/12/2009. Unit 1 : Currently rents for $900/month. Tenant move-in date of 08/30/2017. Unit 2 : Currently rents for $1,100/month. Tenant move-in date of 08/01/2010. Unit 3 : Currently rents for $1,050/month. Tenant move-in date of 01/01/2015. Note: Tenant in unit B has a reduced rent in exchange for helping to manage the property. Gross Scheduled Monthly Rent = $3,650/month and Gross Scheduled Annual Rent = $43,800. Typical layouts for the units include a living room, eat-in kitchen, full bathroom and one bedroom. Finishes for the units include wood, carpet, vinyl and ceramic tile floors along with replacement windows. The roof was recently replaced in February of 2020 and includes a 5 year warranty. The heat for the building is provided by a central gas fired hot water radiator system. Hot water is provided by a gas fired water heater. The property includes a utility room which contains 5 electric meters (1 for each unit plus public service), 4 gas meters (1 for each unit), plus the boiler and water heater. The Landlord pays for water/sewer, common area electric, hot water and heat, while the tenants pay for their own electric and cooking fuel. The rear of the property has two parking spots.

Last Agent to Sell the Property

Nick Luciani

Alex Cooper Auctioneers, Inc. Listed on: 02/27/2020

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,782

Year Built

  • Built in 1900

Lot Details

  • Ground Rent of $120 per year

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction

Parking

  • 2 Open Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 4 Units
  • Charles Village Subdivision

Listing and Financial Details

  • Tax Lot 033
  • Assessor Parcel Number 0312193859 033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,782

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Ground Rent
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: List price is opening bid only. TIMED ONLINE AUCTION: Bidding Begins Saturday, March 21 @ 1:00 pm and ends on Thursday, March 26th @ 2:30 pm. NO PRIVATE APPOINTMENTS - Turn Key Rental Opportunity! Exceptional opportunity to purchase a fully leased, and well-maintained 4-unit apartment building, conveniently located in the "Charles Village" community of Baltimore City. The unit mix consists of 4-One-Bedroom and One-Full Bathroom units. Rent Roll: Unit B: Currently rents for $600/month. Tenant move-in date of 10/12/2009. Unit 1 : Currently rents for $900/month. Tenant move-in date of 08/30/2017. Unit 2 : Currently rents for $1,100/month. Tenant move-in date of 08/01/2010. Unit 3 : Currently rents for $1,050/month. Tenant move-in date of 01/01/2015. Note: Tenant in unit B has a reduced rent in exchange for helping to manage the property. Gross Scheduled Monthly Rent = $3,650/month and Gross Scheduled Annual Rent = $43,800. Typical layouts for the units include a living room, eat-in kitchen, full bathroom and one bedroom. Finishes for the units include wood, carpet, vinyl and ceramic tile floors along with replacement windows. The roof was recently replaced in February of 2020 and includes a 5 year warranty. The heat for the building is provided by a central gas fired hot water radiator system. Hot water is provided by a gas fired water heater. The property includes a utility room which contains 5 electric meters (1 for each unit plus public service), 4 gas meters (1 for each unit), plus the boiler and water heater. The Landlord pays for water/sewer, common area electric, hot water and heat, while the tenants pay for their own electric and cooking fuel. The rear of the property has two parking spots.
  • Special Features: Auction

Interior Features

  • Total Sq Ft: 3888
  • Living Area Sq Ft: 3316
  • Price Per Sq Ft: 51.44
  • Above Grade Finished Sq Ft: 2916
  • Below Grade Finished Sq Ft: 400
  • Below Grade Sq Ft: 572
  • Total Below Grade Sq Ft: 972
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3008

Exterior Features

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

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Type Of Parking: On Street, Off Street

Utilities

  • Central Air Conditioning: No
  • 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: 155000.00
  • Land Assessed Value: 90000.00
  • Land Use Code: 003
  • Lot Size Units: Square Feet
  • Year Assessed: 2019
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Ground Rent Amt: 120.00
  • Ground Rent Pymnt Freq: Annually
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12957463
  • Tax Annual Amount: 5782.00
  • Assessor Parcel Number: 0312193859 033
  • Tax Lot: 033
  • Tax Total Finished Sq Ft: 3316
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 05/18/2020

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2009
Sold by
Verst Ig Steven D
Bought by
Sdv Enterprise 2Llc
Current Estimated Value
$546,447

Purchase Details

Closed on
Jul 1, 2008
Sold by
Jones Michael D
Bought by
Verstandig Steven D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2006
Sold by
Meyers Sayoko
Bought by
Jones Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,600
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2005
Sold by
3006 Calvert Llc
Bought by
Meyers Sayoko

Purchase Details

Closed on
Dec 4, 2001
Sold by
Thoman Marie
Bought by
Herbert Allen and Herbert Pamela

Purchase Details

Closed on
Nov 29, 2000
Sold by
Cmar Llc
Bought by
Thoman Marie

Purchase Details

Closed on
Nov 2, 1999
Sold by
Chesco Inc
Bought by
Cmar Llc
Source: Public Records

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
Sdv Enterprise 2Llc -- --
Verstandig Steven D $300,000 --
Jones Michael D $392,000 --
Meyers Sayoko $315,000 --
Herbert Allen $180,000 --
Thoman Marie $150,000 --
Cmar Llc $113,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly April L $292,500
Closed Sdv Enterpris 2 Llc $245,000
Previous Owner Verstandig Steven D $225,000
Previous Owner Jones Michael D $313,600
Previous Owner Jones Michael D $58,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2020 05/18/20 Sold $393,750 +162.5% $119 / Sq Ft
03/31/2020 03/31/20 Pending -- -- --
02/27/2020 02/27/20 For Sale $150,000 -- $45 / 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 $7,958 $338,800 $0 $0
2023 $7,486 $318,700 $0 $0
2022 $7,047 $298,600 $90,000 $208,600
2021 $6,625 $280,733 $0 $0
2020 $6,204 $262,867 $0 $0
2019 $5,754 $245,000 $90,000 $155,000
2018 $5,772 $244,567 $0 $0
2017 $4,669 $197,833 $0 $0
2016 $6,241 $151,100 $0 $0
2015 $6,241 $151,100 $0 $0
2014 $6,241 $272,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA502072

Bright MLS

APN: 3859-033