Seller's Agent in 2023
Will Cannon
Ben Frederick Realty, Inc.
(410) 916-3331
2 in this area
76 Total Sales
324 Park Ave Baltimore, MD 21201
Downtown Baltimore Neighborhood
--
Bed
--
Bath
3,528
Sq Ft
1,442
Sq Ft Lot
Highlights
- Federal Architecture
- 3-minute walk to Lexington Market
- 2-minute walk to The Meadow
- Forced Air Heating System
- ENERGY STAR Qualified Equipment
About This Home
As of September 2023Totally renovated and fully leased turn-key cash flow positive mixed-use commercial property in downtown Baltimore.
Property Details
First floor commercial clothing store has been in this location since 2007. This store has taken over the basement space for storage and is partially finished.
Second floor has 2 bedrooms plus a home-office/3rd bedroom, 2 full bathrooms, and a kitchen with vinyl tile floor, wood cabinets, laminate counter, 30? stainless steel electric range and refrigerator. Third floor is a two-bedroom, two-bath apartment with hardwood floors in the living areas, ceramic tile bathroom floor. The third floor kitchen has wood cabinets, laminate counters, 30? electric range, dishwasher, built-in microwave, and refrigerator with ice maker.
Who Pays Which Utilities
The landlord pays for water. Each tenant pays their own gas and electric for their heat, air conditioning, hot water, and electric service. The city picks up the trash, which is included in the property taxes.
About the Location…
Centrally located in Downtown Baltimore City with much activity and development close by. The main branch of the Enoch Pratt Free Library is around the corner. The Archdiocese of Baltimore main offices are around the corner as is the Historic Basilica of the Assumption Church, the first Catholic Cathedral built in the United States. The Baltimore Light Rail and Metro Subway stations are both within 2 blocks. The 300 block of Park Avenue is known as Little China Town, with a number of Chinese restaurants. Three major apartment buildings, Mulberry at Park Apartments at 211 W. Mulberry Street, 500 Park Ave and 520 Park Ave, are located within 1 block.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,420
Year Built
- Built in 1920
Parking
- On-Street Parking
Home Design
- Federal Architecture
- Brick Exterior Construction
- Brick Foundation
Utilities
- Forced Air Heating System
- Electric Water Heater
Additional Features
- ENERGY STAR Qualified Equipment
- 1,442 Sq Ft Lot
Listing and Financial Details
- Tax Lot 037
- Assessor Parcel Number 0304020578 037
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 15, 2023
Closed on
Sep 28, 2023
Sold by
U K Construction And Management Llc
Bought by
Hall Sharnese T
Seller's Agent
Will Cannon
Ben Frederick Realty, Inc.
Buyer's Agent
Randy Perrin
Washington Area Properties, LLC
List Price
$595,000
Sold Price
$595,000
Views
220
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$584,223
Outstanding Balance
$573,391
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$113,603
Purchase Details
Closed on
May 23, 2007
Sold by
Mayor & City Council Of
Bought by
Uk Construction And Management and Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.24%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 22, 2002
Sold by
Burgee William
Bought by
Akwara Solomon
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $595,000 | First American Title | |
| Deed | $46,000 | -- | |
| Deed | $18,000 | -- | |
| Deed | $27,404 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $584,223 | New Conventional | |
| Previous Owner | $520,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | Price Changed | $1,850 | -5.1% | $1 / Sq Ft |
| 05/29/2025 05/29/25 | Price Changed | $1,950 | -11.4% | $1 / Sq Ft |
| 05/22/2025 05/22/25 | For Rent | $2,200 | 0.0% | -- |
| 09/29/2023 09/29/23 | Sold | $595,000 | 0.0% | $169 / Sq Ft |
| 08/15/2023 08/15/23 | For Sale | $595,000 | -- | $169 / 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 | $4,622 | $315,200 | -- | -- |
| 2024 | $4,622 | $196,800 | $57,600 | $139,200 |
| 2023 | $4,510 | $192,033 | $0 | $0 |
| 2022 | $4,420 | $187,267 | $0 | $0 |
| 2021 | $4,307 | $182,500 | $57,600 | $124,900 |
| 2020 | $4,265 | $180,700 | $0 | $0 |
| 2019 | $4,202 | $178,900 | $0 | $0 |
| 2018 | $4,180 | $177,100 | $57,600 | $119,500 |
| 2017 | $4,117 | $174,433 | $0 | $0 |
| 2016 | $4,164 | $171,767 | $0 | $0 |
| 2015 | $4,164 | $169,100 | $0 | $0 |
| 2014 | $4,164 | $169,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Will Cannon
-
Randy Perrin
Buyer's Agent in 2023
Randy Perrin
Washington Area Properties, LLC
(202) 744-5845
1 in this area
35 Total Sales
Map
Source: Bright MLS
MLS Number: MDBA2095734
APN: 0578-037
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