NOT LISTED FOR SALE

3516 Springdale Ave Baltimore, MD 21216

Forest Park Neighborhood

Estimated Value: $240,000 - $416,432

-- Bed
3 Baths
2,826 Sq Ft
$116/Sq Ft Est. Value

Last Sold January 23, 2024

Last sale price $240,000 $85 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,253/month

4 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • Forced Air Heating System
  • Main Floor Bedroom

About This Home

As of January 2024

ATTENTION BUY AND HOLD INVESTORS!!

Welcome to 3516 Springdale Avenue, a prime three-unit rental property nestled in the heart of Baltimore, offering a lucrative opportunity for savvy buy-and-hold investors. This strategically located investment property presents a compelling proposition with its mix of two currently occupied units and one vacant unit awaiting your personalized touch.

The property has immediate income generation. The two occupied units contribute to a steady cash flow, while the third unit offers an excellent canvas for enhancement, allowing investors to increase the property's overall value.

Situated in a vibrant neighborhood, 3516 Springdale Avenue enjoys proximity to local amenities, schools, and public transportation, making it an attractive option for tenants seeking convenience and accessibility. The property's location also enhances its potential for long-term appreciation, adding an extra layer of value for investors looking for sustained growth.

As the real estate market in Baltimore continues to show promise, this three-unit rental property stands out as an exceptional investment opportunity. With a mix of existing income and the potential for increased returns through strategic improvements, 3516 Springdale Avenue is a solid foundation for a robust and diversified investment portfolio.

Last Agent to Sell the Property

Sheri Smith

EXP Realty, LLC License #5001478 Listed on: 12/16/2023

EXP Realty, LLC

Last Buyer's Agent

Federico Busacca

EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,526

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Frame Construction

Interior Spaces

  • Main Floor Bedroom
  • Window Treatments
  • Wood Flooring
  • Gas Oven or Range
  • Basement

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Forest Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0315262910 009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,526

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 2023-12-16
  • Year Built: 1910
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator
  • Interior Amenities: Entry Level Bedroom, Window Treatments, Wood Floors
  • Fireplace: No
  • Basement: Yes
  • Total Sq Ft: 4189
  • Living Area Sq Ft: 2826
  • Price Per Sq Ft: 99.08
  • Above Grade Finished Sq Ft: 2826
  • Below Grade Sq Ft: 1363
  • Total Below Grade Sq Ft: 1363
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3516

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • School District Key: 121137830454
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8712.00
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4526.00
  • Assessor Parcel Number: 0315262910 009
  • Tax Total Finished Sq Ft: 2826
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 01/23/2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2023
Closed on
Jan 23, 2024
Sold by
Marsh Ralph E
Bought by
Thorpe Enterprise Llc
Seller's Agent
Sheri Smith
EXP Realty, LLC
Buyer's Agent
Federico Busacca
EXP Realty, LLC
List Price
$280,000
Sold Price
$240,000
Premium/Discount to List
-$40,000
-14.29%
Total Days on Market
4
Views
31
Current Estimated Value
$328,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,216
Avg. Annual Appreciation
26.10%
Original Mortgage
$266,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2005
Sold by
Efb Llc
Bought by
Marsh Ralph E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Thorpe Enterprise Llc $240,000 None Listed On Document
Marsh Ralph E $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grant Thorpe Enterprise Llc $346,400
Previous Owner Thorpe Enterprise Llc $266,000
Previous Owner Marsh Ralph E $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2024 01/23/24 Sold $240,000 -14.3% $85 / Sq Ft
01/09/2024 01/09/24 Price Changed $280,000 0.0% $99 / Sq Ft
12/21/2023 12/21/23 Pending -- -- --
12/16/2023 12/16/23 For Sale $280,000 -- $99 / 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
2024 $4,924 $209,633 $0 $0
2023 $4,504 $191,767 $0 $0
2022 $4,104 $173,900 $51,600 $122,300
2021 $4,104 $173,900 $51,600 $122,300
2020 $4,104 $173,900 $51,600 $122,300
2019 $4,143 $176,400 $51,600 $124,800
2018 $4,163 $176,400 $51,600 $124,800
2017 $4,163 $176,400 $0 $0
2016 $4,306 $190,000 $0 $0
2015 $4,306 $187,267 $0 $0
2014 $4,306 $184,533 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sheri Smith

    Seller's Agent in 2024

    Sheri Smith

    EXP Realty, LLC

    (410) 746-8156

    1 in this area

    14 Total Sales

    Sheri Smith
    Section Image
  • Federico Busacca

    Buyer's Agent in 2024

    Federico Busacca

    EXP Realty, LLC

    (888) 397-7352

    2 in this area

    160 Total Sales

    Federico Busacca
    Section Image
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Map

Source: Bright MLS

MLS Number: MDBA2108144

Bright MLS

APN: 2910-009

Maryland Baltimore City County Baltimore 21216 Forest Park

3516 Springdale Ave, Baltimore, MD

This home is located at 3516 Springdale Ave, Baltimore, MD 21216 since 16 December 2023 and is currently estimated at $328,216, approximately $116 per square foot. This property was built in 1910. 3516 Springdale Ave is a home located in Baltimore City with nearby schools including Hilton Elementary School, Booker T. Washington Middle School, and Forest Park High School.

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