NOT LISTED FOR SALE

3308 Elgin Ave Baltimore, MD 21216

Walbrook Neighborhood

Estimated Value: $88,000 - $684,657

-- Bed
1 Bath
7,404 Sq Ft
$46/Sq Ft Est. Value

Last Sold October 05, 2022

Last sale price $605,000 $82 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $2,166/month

About This Home

As of October 2022

**Investor Alert** Multi- family dwelling has 8 units. 6-2 bedroom units and 2-3 bedroom units. Great opportunity to bring in over $8,500/month, or more, in rental income. Monthly expense are low and include trash removal, water/sewer, electric for common area. Optional laundry room can be used for additional income with rental of laundry machines. Building is looking for a new owner who is ready to invest in their portfolio. *Back on the market*

Last Agent to Sell the Property

Sonya Francis

(443) 220-6560 sonya@sonyafrancisteam.com RE/MAX Solutions License #RSR001114 Listed on: 07/22/2021

RE/MAX Solutions

Last Buyer's Agent

Bryce Jenifer

bryce@newhometeammd.com Keller Williams Legacy License #5006347

Keller Williams Legacy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,917

Year Built

  • Built in 1930

Lot Details

  • 0.26

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 7,404 Sq Ft Home
  • Basement
  • Exterior Basement Entry

Parking

  • Free Parking
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Additional Features

  • Energy-Efficient Lighting
  • 0.26 Acre Lot

Listing and Financial Details

  • Tax Lot 023
  • Assessor Parcel Number 0315293039 023

Community Details

Overview

  • No Home Owners Association
  • Walbrook Subdivision

Building Details

  • 4 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,917

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Remarks Public: **Investor Alert** Multi- family dwelling has 8 units. 6-2 bedroom units and 2-3 bedroom units. Great opportunity to bring in over $8,500/month, or more, in rental income. Monthly expense are low and include trash removal, water/sewer, electric for common area. Optional laundry room can be used for additional income with rental of laundry machines. Building is looking for a new owner who is ready to invest in their portfolio. *Back on the market*
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Total Sq Ft: 7404
  • Living Area Sq Ft: 7404
  • Price Per Sq Ft: 94.53
  • Above Grade Finished Sq Ft: 7404
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3308

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
  • Parking Features: Free
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • 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

  • Efficiency: Lighting
  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 353000.00
  • Land Assessed Value: 67200.00
  • Lot Size Acres: 0.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11200.00
  • Year Assessed: 2022
  • Zoning: R-5
  • In City Limits: Yes

Rental Info

  • Number Of Units Month To Month: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12984098
  • Tax Annual Amount: 9917.00
  • Assessor Parcel Number: 0315293039 023
  • Tax Lot: 023
  • Tax Total Finished Sq Ft: 7404
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 10/05/2022

Multi Family

  • Number Of Units Vacant: 4

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2021
Closed on
Oct 6, 2022
Sold by
Belen 5228 Llc
Bought by
First Bsd Llc
Seller's Agent
Sonya Francis
RE/MAX Solutions
Buyer's Agent
Bryce Jenifer
Keller Williams Legacy
List Price
$699,900
Sold Price
$605,000
Premium/Discount to List
-$94,900
-13.56%
Views
12
Current Estimated Value
$342,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$262,448
Avg. Annual Appreciation
-17.22%
Original Mortgage
$484,000
Interest Rate
6.58%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 28, 2019
Sold by
Abc Capital Baltimore Llc
Bought by
Belen 5228 Llc

Purchase Details

Closed on
Jun 20, 2008
Sold by
Dominion Real Estate Services
Bought by
Reumann Ulrich

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
6.11%

Purchase Details

Closed on
May 17, 2006
Sold by
Dominiom Real Estate Services
Bought by
Dominion Real Estate Services Iv 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
$341,600
Interest Rate
6.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2003
Sold by
Barnett Real Estate
Bought by
Dominiom Real Estate Services and Llc

Purchase Details

Closed on
May 19, 1998
Sold by
Matson James M
Bought by
Barnett Real Estate and Investments, Inc
Source: Public Records

Range of Values:

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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
First Bsd Llc $605,000 --
Belen 5228 Llc $400,000 Masters Title & Escrow
Abc Capital Baltimore Llc $440,000 Masters Title & Escrow
Reumann Ulrich $550,000 --
Dominion Real Estate Services Iv $83,000 --
Dominiom Real Estate Services $83,000 --
Barnett Real Estate $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner First Bsd Llc $484,000
Previous Owner Reumann Ulrich $448,000
Previous Owner Dominion Real Estate Services Iv $341,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2022 10/05/22 Sold $605,000 -13.6% $82 / Sq Ft
07/10/2022 07/10/22 For Sale $699,900 0.0% $95 / Sq Ft
05/26/2022 05/26/22 Pending -- -- --
05/17/2022 05/17/22 Price Changed $699,900 -6.7% $95 / Sq Ft
01/10/2022 01/10/22 For Sale $749,900 0.0% $101 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $749,900 -- $101 / 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 $12,776 $605,800 $67,200 $538,600
2024 $12,776 $543,933 $0 $0
2023 $11,377 $482,067 $0 $0
2022 $9,917 $420,200 $67,200 $353,000
2021 $9,481 $401,733 $0 $0
2020 $9,045 $383,267 $0 $0
2019 $8,568 $364,800 $67,200 $297,600
2018 $8,426 $357,033 $0 $0
2017 $8,243 $349,267 $0 $0
2016 $5,832 $341,500 $0 $0
2015 $5,832 $309,733 $0 $0
2014 $5,832 $277,967 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sonya Francis

    Seller's Agent in 2022

    Sonya Francis

    RE/MAX Solutions

    (443) 220-6560

    1 in this area

    227 Total Sales

    Sonya Francis
    Section Image

  • B

    Buyer's Agent in 2022

    Bryce Jenifer

    Keller Williams Legacy

    1 in this area

    96 Total Sales

    Bryce Jenifer
    Section Image
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Map

Source: Bright MLS

MLS Number: MDBA2005492

Bright MLS

APN: 3039-023

Maryland Baltimore City County Baltimore 21216 Walbrook

3308 Elgin Ave, Baltimore, MD

This home is located at 3308 Elgin Ave, Baltimore, MD 21216 since 22 July 2021 and is currently estimated at $342,552, approximately $46 per square foot. This property was built in 1930. 3308 Elgin Ave is a home located in Baltimore City with nearby schools including Edgewood Elementary School, Booker T. Washington Middle School, and Frederick Douglass High School.

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