Seller's Agent in 2023
Tom Fair
Ben Frederick Realty, Inc.
(410) 235-5200
25 in this area
50 Total Sales
3034 Guilford Ave Baltimore, MD 21218
Charles Village NeighborhoodEstimated Value: $375,000 - $595,470
--
Bed
4
Baths
2,874
Sq Ft
$169/Sq Ft
Est. Value
Highlights
- 0.06 Acre Lot
- 1 Car Detached Garage
- Oversized Parking
- Traditional Architecture
- Porch
- 2-minute walk to 32nd Street Park
About This Home
As of September 2023Experience the ease of turn-key, fully leased apartments in the sought-after Charles Village neighborhood. With 4 meticulously maintained one-bedroom units, this property offers an incredible opportunity for a new owner to enjoy top-market rents, low maintenance, and stable profits.
3034 Guilford Avenue houses 4 one-bedroom apartments. Kitchens are designed for convenience and durability, with sturdy, easy-to-clean finishes. Tenants enjoy the modern amenities of full-sized 30? gas ranges, built-in microwaves, and stainless steel sinks complete with garbage disposals.
Bathrooms feature modern vanities and full steel bathtubs. The apartments have drywall walls and ceilings throughout, and some apartments have stylish recessed lighting. Floors are a mix of hardwood, laminate, and luxury vinyl plank.
Each apartment at 3034 Guilford Avenue is separately metered for gas and electric, giving tenants the responsibility of their own utility usage. Currently the landlord covers heat, public electric, and cold water/sewer; a savvy investor could implement a billback program to increase revenue.
The building utilizes a steam boiler for heat. Vinyl replacement windows help to keep heating costs low. Visible plumbing supply lines are copper; drain lines are pvc. Each apartment has its own separate water heater. Tenants share a stacked clothes washer/dryer in the basement. An oversized 1-car garage can provide parking or storage and may supplement rental income.
The lead-free limited status of 3034 Guilford Avenue lessens landlord liability, and significantly decreases energy spent on lead inspections.
Guilford Avenue offers a quiet reprieve from the hustle and bustle of Charles Village, with its tree-lined, speed-reduced street. Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. 3034 Guilford Ave earns the designation “Walker’s Paradise” with a WalkScore of 94, a TransitScore of 68, and a BikeScore of 85. 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:
$595,000
$148,750 Per Unit
$274 Per Sq. Ft.
10.9 Times Actual Rents (GRM)
8.6 Times Market Rents (GRM)
8.15% Cap Rate
8.2% Projected Cash-on-Cash Return
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,850
Year Built
- Built in 1893
Lot Details
- 2,464 Sq Ft Lot
- Lot Dimensions are 16' x 154'
- Property is in excellent condition
Parking
- 1 Car Detached Garage
- Oversized Parking
- Rear-Facing Garage
Home Design
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Rubber Roof
Interior Spaces
- Finished Basement
- Basement with some natural light
Outdoor Features
- Porch
Utilities
- Radiator
- Heating System Uses Steam
- 200+ Amp Service
- Multi-Tank Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- Tax Lot 030
- Assessor Parcel Number 0312193858 030
Community Details
Overview
- 4 Units
- Charles Village Subdivision
Building Details
- Gross Income $69,516
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2023
Closed on
Sep 13, 2023
Sold by
Dinges Peter and Nozari Nazbanou
Bought by
X-El Guilford Properties Llc
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
Tom Fair
Ben Frederick Realty, Inc.
List Price
$595,000
Sold Price
$560,000
Premium/Discount to List
-$35,000
-5.88%
Views
119
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
-$74,765
Avg. Annual Appreciation
-7.04%
Purchase Details
Listed on
Dec 27, 2017
Closed on
May 4, 2018
Sold by
Castro Ramon Niguel
Bought by
Dinges Peter and Nozari Nazbanou
Seller's Agent
Celeste Sanders
HomeSmart
Buyer's Agent
Ben Frederick
Live BFR, LLC
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$288,750
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 1998
Sold by
Hubble Nancy C
Bought by
Castro Ramon Niguel
Create a Home Valuation Report for This Property
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| X-El Guilford Properties Llc | -- | Cotton Duck Title | |
| Dinges Peter | $385,000 | Definitive Title Llc | |
| Castro Ramon Niguel | $2,000 | Definitve Title Llc | |
| Castro Ramon Niguel | $96,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Castro Ramon Niguel | $288,750 | |
| Previous Owner | Castro Ramon Niguel | $143,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2023 09/15/23 | Sold | $560,000 | 0.0% | $195 / Sq Ft |
| 08/29/2023 08/29/23 | Off Market | $560,000 | -- | -- |
| 07/12/2023 07/12/23 | Pending | -- | -- | -- |
| 06/05/2023 06/05/23 | For Sale | $595,000 | +54.5% | $207 / Sq Ft |
| 05/04/2018 05/04/18 | Sold | $385,000 | -2.5% | $177 / Sq Ft |
| 04/05/2018 04/05/18 | Pending | -- | -- | -- |
| 03/20/2018 03/20/18 | For Sale | $395,000 | 0.0% | $182 / Sq Ft |
| 01/13/2018 01/13/18 | Pending | -- | -- | -- |
| 12/28/2017 12/28/17 | Price Changed | $395,000 | +5.3% | $182 / Sq Ft |
| 12/27/2017 12/27/17 | For Sale | $375,000 | -- | $172 / 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 |
|---|---|---|---|---|
| 2025 | $8,819 | $375,700 | $90,000 | $285,700 |
| 2024 | $8,819 | $375,467 | $0 | $0 |
| 2023 | $8,856 | $375,233 | $0 | $0 |
| 2022 | $8,850 | $375,000 | $90,000 | $285,000 |
| 2021 | $7,746 | $328,233 | $0 | $0 |
| 2020 | $6,726 | $285,000 | $0 | $0 |
| 2019 | $5,513 | $234,700 | $90,000 | $144,700 |
| 2018 | $5,538 | $234,667 | $0 | $0 |
| 2017 | $5,537 | $234,633 | $0 | $0 |
| 2016 | $5,952 | $234,600 | $0 | $0 |
| 2015 | $5,952 | $234,600 | $0 | $0 |
| 2014 | $5,952 | $234,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Fair
-
C
Seller's Agent in 2018
Celeste Sanders
HomeSmart
-
Ben Frederick
Buyer's Agent in 2018
Ben Frederick
Live BFR, LLC
(410) 752-6400
5 in this area
24 Total Sales
Map
Source: Bright MLS
MLS Number: MDBA2088226
APN: 3858-030
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