Seller's Agent in 2022
Tom Fair
Ben Frederick Realty, Inc.
(410) 235-5200
4 in this area
50 Total Sales
3119 Guilford Ave Baltimore, MD 21218
Abell NeighborhoodEstimated Value: $523,072 - $577,000
--
Bed
4
Baths
3,270
Sq Ft
$168/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Multi-Tank Natural Gas Water Heater
- 1-minute walk to 32nd Street Park
- Forced Air Heating System
About This Home
As of February 2022Charles Village 4-unit for sale! The newly renovated first floor apartment is perfect for an owner-occupant buyer, and is rent-ready for an investor. Run this property as-is, or make upgrades to kitchens and bathrooms to increase rents and property value. 3119 Guilford Ave is just three blocks from Johns Hopkins University Homewood campus.
Each of the apartments encompasses a full floor (including the basement) of the 3-story building. The generously sized rooms get ample natural light from the 20 windows this end-of-group boasts.
Kitchens have laminate counters, stainless steel sinks, a mix of wood and metal cabinets, gas ranges and vinyl tile floors. Bathrooms have a mix of modern vanities and wall-mounted sinks; 3 full tubs and 1 stand-up shower stall; and vinyl tile floors. Above-grade living areas have hardwood flooring; the basement apartment has carpet.
These units are separately metered for gas and electric, and the tenants pay for water. With no utilities to pay, the landlord’s operating costs stay low.
The electric and heating systems are already upgraded, with 400 amp service and 4 electric meters, and separate gas-fired forced air furnaces for each apartment. 3119 Guilford has 4 gas meters. Water supply pipes are a mix of copper, c-pvc and steel; drain lines are a mix of pvc and steel. Each apartment has its own water heater.
The tenants use coin-operated laundry in the basement, providing extra income for the owner.
Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Union Memorial Hospital. 3119 Guilford Ave earns the designation “Walker’s Paradise” with a WalkScore of 93, a TransitScore of 57, 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.
Investment Summary:
$455,000
$113,750 Per Unit
$159 Per Sq. Ft.
14.2 Times Actual Rents (GRM)
9.6 Times Market Rents (GRM)
7.12% Cap Rate
10.3% Projected Cash-on-Cash Return
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,492
Year Built
- Built in 1900
Lot Details
- 2,569 Sq Ft Lot
- Property is in average condition
Parking
- On-Street Parking
Home Design
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Basement with some natural light
Utilities
- Forced Air Heating System
- 200+ Amp Service
- Multi-Tank Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 013
- Assessor Parcel Number 0312203875 013
Community Details
Overview
- 4 Units
- Charles Village Subdivision
Building Details
- 1 Vacant Unit
- Gross Income $47,520
- Net Operating Income $32,404
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 13, 2004
Sold by
Lee Dong Hee
Bought by
Aradu Properties Llc
Current Estimated Value
Purchase Details
Closed on
Jun 8, 2004
Sold by
Diaz Gerald
Bought by
Lee Dong Hee and Lee Boo Suk
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aradu Properties Llc | $335,000 | -- | |
| Lee Dong Hee | $257,250 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/02/2022 02/02/22 | Sold | $460,000 | +1.1% | $141 / Sq Ft |
| 12/21/2021 12/21/21 | Pending | -- | -- | -- |
| 12/07/2021 12/07/21 | For Sale | $455,000 | 0.0% | $139 / Sq Ft |
| 11/18/2021 11/18/21 | Pending | -- | -- | -- |
| 10/22/2021 10/22/21 | For Sale | $455,000 | -- | $139 / 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 | $7,301 | $460,000 | $90,000 | $370,000 |
| 2024 | $7,301 | $310,833 | $0 | $0 |
| 2023 | $6,914 | $292,967 | $0 | $0 |
| 2022 | $6,492 | $275,100 | $90,000 | $185,100 |
| 2021 | $6,492 | $275,100 | $90,000 | $185,100 |
| 2020 | $6,492 | $275,100 | $90,000 | $185,100 |
| 2019 | $6,530 | $278,000 | $90,000 | $188,000 |
| 2018 | $6,486 | $274,833 | $0 | $0 |
| 2017 | $6,411 | $271,667 | $0 | $0 |
| 2016 | $5,014 | $268,500 | $0 | $0 |
| 2015 | $5,014 | $245,667 | $0 | $0 |
| 2014 | $5,014 | $222,833 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Fair
Map
Source: Bright MLS
MLS Number: MDBA2016106
APN: 3875-013
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