NOT LISTED FOR SALE

Estimated Value: $468,532

Studio
-- Bath
2,600 Sq Ft
$180/Sq Ft Est. Value

Last Sold December 04, 2024

Last sale price $400,000 $154 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,773/month

49 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Galley Kitchen
  • Traditional Architecture
  • Beamed Ceilings
  • 3-minute walk to Margaret Brent Playground

About This Home

As of December 2024

Charming Multi-Unit Property now available. Discover the perfect investment opportunity with this charming multi-unit property . This versatile property features three distinct units, offering a blend of comfort and convenience ideal for both tenants and investors alike. -Unit 1: Spacious and Versatile
Bedrooms: 2
Bathrooms: 2 This unit boasts generously sized rooms, exposed beams, large windows and two full bathrooms, providing ample space for comfortable living. The two-level unit that is ready for the new owner to finish, is well-appointed layout ensures privacy and convenience, making it perfect for families or roommates. Unit 1 is partially rehabbed, with a modern look and feel, new kitchen floors, and a partially finished bedroom. Most materials to finish the space are available. Just provide the kitchen cabinets, sink, and appliances for a truly modern living space. This unit also comes with a basement that provides an extra-large living space for Unit #1. -Unit 2: Cozy and Sun-drenched
Bedrooms: 1
Bathrooms: 1
This one-bedroom, one-bathroom unit is designed for efficiency and comfort. Ideal for singles or couples, it offers a cozy living space with great natural light, large kitchen and bedroom, a walk-in closet, with all the essential amenities, and is occupied by a long-term renter. Unit 3: Intimate with Industrial Charm
Bedrooms: 1
Bathrooms: 1
Similar to Unit 2, this top-floor unit provides a comfortable one-bedroom, one-bathroom layout, perfect for tenants seeking a private and inviting modern and industrial loft-style living space, and is occupied by a long-term renter. Key Features:
Prime Location: Situated in a vibrant neighborhood, this property is conveniently located near local shops, restaurants, and public transportation, offering easy access to all that Baltimore City has to offer.
Recent Renovations: The property has undergone recent updates to ensure modern amenities and a fresh, contemporary feel throughout each unit. Investment Potential: With three separate units, this property presents a fantastic opportunity for rental income and long-term investment growth. Nearby Attractions:
Johns Hopkins University: Just a short distance away, this renowned institution adds to the appeal for potential tenants.
Wyman Park Dell: A beautiful green space nearby, perfect for outdoor activities and relaxation.
Baltimore Museum of Art: Explore world-class exhibits and cultural experiences within easy reach.
Unique Selling Points:
Historic Charm: The property retains its historic charm while offering modern conveniences, creating a unique and desirable living environment.
Flexible Living Arrangements: The varied unit configurations cater to different tenant needs, from singles to roommates, and small families. Long-term tenants: Units 2 ($995 per month) and Unit 3 ($1100 per month) just renewed their leases. Don’t miss out on this exceptional multi-unit property that combines prime location, modern updates, and historic charm. Whether you're an investor looking for a reliable income stream or a homeowner seeking a property to live in one unit and rent out the other two units, 307 E 25th Street is a must-see!
For more information or to schedule a viewing, contact us today. In addition, the building has on-site laundry, that is accessible to all tenants and is separately metered. Sold strictly as-is. Seller will make no repairs. Unit one is unfinished and will be delivered unfinished.

Last Agent to Sell the Property

Heidi S. Hawkins

(202) 256-8939 heidi.hawkins@cbmove.com Coldwell Banker Realty License #SP98373983 Listed on: 06/26/2024

Coldwell Banker Realty

Last Buyer's Agent

Jenn Schneider

(410) 802-1190 jenn.schneider@nacared.com Neighborhood Assistance Corporation of America License #657256-MD

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,894

Year Built

  • Built in 1920

Lot Details

  • 1,350 Sq Ft Lot
  • Ground Rent of $100 semi-annually expires in 74 years
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Fixer Upper
  • Brick Exterior Construction
  • Brick Foundation
  • Plaster Walls
  • Rubber Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • Open Floorplan
  • Beamed Ceilings
  • Double Pane Windows
  • Double Hung Windows
  • Fire Escape

Kitchen

  • Galley Kitchen
  • Kitchen in Efficiency Studio

Flooring

  • Wood
  • Laminate
  • Tile or Brick
  • Vinyl

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement with some natural light

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 200+ Amp Service
  • Multi-Tank Hot Water Heater
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, real estate taxes
  • Tax Lot 026
  • Assessor Parcel Number 0312143827 026

Community Details

Overview

  • 3 Units
  • 3-Story Building
  • Charles Village Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Gross Income $43,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,894

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Ground Rent
  • Exclusions: All current tenants' possessions; third floor kitchen metal shelves and metal cabinets
  • Historic: No
  • Inclusions: Appliances
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Washer
  • Flooring Type: Hardwood, Laminate Plank, Laminated, Tile/Brick, Vinyl
  • Interior Amenities: Combination Kitchen/Dining, Combination Dining/Living, Combination Kitchen/Living, Floor Plan - Traditional, Kitchen - Galley, Kitchen - Efficiency
  • Window Features: Double Pane, Double Hung
  • Fireplace: No
  • Wall Ceiling Types: Beamed Ceilings, Dry Wall, Plaster Walls
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Fully Finished, Full, Daylight, Partial
  • Total Sq Ft: 2600
  • Living Area Sq Ft: 2600
  • Price Per Sq Ft: 153.46
  • Above Grade Finished Sq Ft: 2600
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape
  • Roof: Rubber
  • Spa: No
  • 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: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Multi-Tank
  • Sewer/Septic System: Public Sewer
  • Utilities: Water Available, Sewer Available, Electric Available, Cable Tv Available, Multiple Phone Lines
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1350.00
  • Property Condition: Good, Very Good, Major Rehab Needed
  • Zoning: OR-1*
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Ground Rent Amt: 100.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Semi-Annually
  • Ground Rent Years Remaining: 74
  • Owner Pays: Advertising/Licenses And Permits, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 43740.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3894.00
  • Assessor Parcel Number: 0312143827 026
  • Tax Lot: 026
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 25140.00
  • Gross Scheduled Income: 43740.00
  • Income Expense List: Annual Ground Rent
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3
  • Vacancy Allowance Rate: 33.00

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2024
Sold by
Hale Christopher
Bought by
Nega Abel
Current Estimated Value
$468,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,625
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2022
Closed on
Oct 6, 2022
Sold by
Lambert Brett
Bought by
Hale Christopher
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
Heidi S. Hawkins
Coldwell Banker Realty
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.00%
Original Mortgage
$307,500
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2006
Sold by
Manages Victoria
Bought by
Goldin Javier S and Ramirez Goldin Ana C

Purchase Details

Closed on
Apr 21, 2005
Sold by
Didley Sophia
Bought by
Manages Victoria

Purchase Details

Closed on
Jun 7, 2004
Sold by
Didley Sophia
Bought by
Manages Victoria
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Nega Abel $400,000 Stewart Title
Nega Abel $400,000 Stewart Title
Hale Christopher $410,000 --
Hale Christopher $410,000 None Listed On Document
Goldin Javier S $167,000 --
Manages Victoria $162,500 --
Manages Victoria $162,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nega Abel $482,625
Previous Owner Hale Christopher $307,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/04/2024 12/04/24 Sold $400,000 +0.3% $154 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
07/08/2024 07/08/24 Price Changed $399,000 -10.3% $153 / Sq Ft
06/26/2024 06/26/24 For Sale $445,000 +8.5% $171 / Sq Ft
08/26/2022 08/26/22 Sold $410,000 +2.8% $114 / Sq Ft View Prior Sale
07/26/2022 07/26/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $399,000 -- $111 / 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 $3,875 $165,000 $40,000 $125,000
2024 $3,875 $165,000 $40,000 $125,000
2023 $3,894 $165,000 $40,000 $125,000
2022 $3,548 $165,000 $40,000 $125,000
2021 $3,776 $160,000 $0 $0
2020 $3,658 $155,000 $0 $0
2019 $3,523 $150,000 $35,000 $115,000
2018 $3,540 $150,000 $35,000 $115,000
2017 $3,540 $150,000 $0 $0
2016 $3,908 $150,000 $0 $0
2015 $3,908 $150,000 $0 $0
2014 $3,908 $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2129716

Bright MLS

APN: 3827-026