NOT LISTED FOR SALE

3901 Greenmount Ave Baltimore, MD 21218

Pen Lucy Neighborhood

Estimated Value: $296,000 - $346,802

-- Bed
4 Baths
2,209 Sq Ft
$145/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $210,000 $95 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,805/month

286 Days on Market

Highlights

  • No HOA
  • Multi-Tank Hot Water Heater
  • 3-minute walk to Mullan Park
  • Porch
  • Hot Water Baseboard Heater

About This Home

As of September 2020

Let your college student live in one, rent the other 4 units, and let the tenants pay your mortgage! This 5 unit property is on a main transportation route, and convenient to John Hopkins, Loyola and Morgan State Universities.Previous contract released due to licensing and liens. Seller to pay liens with sales proceeds. NOTE: The owners are in poor health and have failed to renew, maintain and/or obtain the necessary rental and business licenses. This as-is sale will NOT be contingent on obtaining or renewing the license(s). Fully rented property will only be shown after contract is ratified.

Last Agent to Sell the Property

Ernest Banks

Properties International Listed on: 10/29/2019

Last Buyer's Agent

Jane Barton

Monument Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,532

Year Built

  • Built in 1920

Lot Details

  • 2,400 Sq Ft Lot
  • Lot Dimensions are 24 x 100
  • Property is in average condition

Home Design

  • Converted Dwelling
  • Stone Foundation
  • Shingle Roof

Basement

  • Partial Basement
  • Side Basement Entry
  • Sump Pump

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • 120/240V
  • Multi-Tank Hot Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for repairs, sewer, snow removal, water, real estate taxes
  • Tax Lot 001
  • Assessor Parcel Number 0309013903B001

Community Details

Overview

  • No Home Owners Association

Building Details

  • Income includes apartment rentals
  • Insurance Expense $2,616
  • Gross Income $45,000
  • Net Operating Income $34,017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,532

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: All tenant owned/leased property
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2019-10-29
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Let your college student live in one, rent the other 4 units, and let the tenants pay your mortgage! This 5 unit property is on a main transportation route, and convenient to John Hopkins, Loyola and Morgan State Universities.Previous contract released due to licensing and liens. Seller to pay liens with sales proceeds. NOTE: The owners are in poor health and have failed to renew, maintain and/or obtain the necessary rental and business licenses. This as-is sale will NOT be contingent on obtaining or renewing the license(s). Fully rented property will only be shown after contract is ratified.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Stone, Other
  • Basement: Yes
  • Basement Type: Partial, Sump Pump, Side Entrance
  • Total Sq Ft: 2518
  • Living Area Sq Ft: 2209
  • Price Per Sq Ft: 106.38
  • Above Grade Finished Sq Ft: 2209
  • Below Grade Sq Ft: 309
  • Total Below Grade Sq Ft: 309
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3901

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Sidewalks
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Hot Water & Baseboard - Electric
  • Heating: Yes
  • Hot Water: Multi-Tank
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Phone Connected, Cable Tv
  • 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

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 119700.00
  • Land Assessed Value: 30000.00
  • Land Use Code: 003
  • Lot Size Acres: 0.06
  • Lot Dimensions: 24 x 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2400.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Average
  • Year Assessed: 2019
  • Zoning: R-5
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 3
  • Owner Pays: Repairs, Sewer, Snow Removal, Water, Taxes - Real Estate
  • Rent Control: No
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12933200
  • Tax Annual Amount: 3532.00
  • Assessor Parcel Number: 0309013903B001
  • Tax Lot: 001
  • Tax Total Finished Sq Ft: 2209
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 09/17/2020

Multi Family

  • Gross Income: 46295.00
  • Gross Scheduled Income: 45000.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1
  • Single Room Units Count: 1

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2019
Closed on
Sep 19, 2020
Sold by
Maximus Property Group Llc
Bought by
Je At The Alameda Llc
Seller's Agent
Ernest Banks
Properties International
Buyer's Agent
Jane Barton
Monument Sotheby's International Realty
List Price
$235,000
Sold Price
$210,000
Premium/Discount to List
-$25,000
-10.64%
Current Estimated Value
$321,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,401
Avg. Annual Appreciation
8.04%

Purchase Details

Closed on
Oct 4, 2017
Sold by
Class Carolyn
Bought by
Maximus Property Group Llc

Purchase Details

Closed on
Sep 9, 2016
Sold by
Sunset Holding Llc
Bought by
Properties International 5 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
12%
Mortgage Type
Unknown

Purchase Details

Closed on
May 5, 2005
Sold by
Dorman Lee
Bought by
Sunset Holding Llc
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
Je At The Alameda Llc -- Community Stlmt Group Llc
Maximus Property Group Llc $2,000 Sheridan Title Inc
Properties International 5 Llc $165,000 Sheridan Title Inc
Sunset Holding Llc $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maximus Property Group Llc $36,000
Previous Owner Maximus Property Group Llc $146,403
Previous Owner Maximus Property Group Llc $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2020 09/17/20 Sold $210,000 -10.6% $95 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
06/01/2020 06/01/20 Price Changed $235,000 0.0% $106 / Sq Ft
06/01/2020 06/01/20 For Sale $235,000 -6.0% $106 / Sq Ft
12/06/2019 12/06/19 Pending -- -- --
10/29/2019 10/29/19 For Sale $250,000 -- $113 / 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 $694 $204,800 $30,000 $174,800
2024 $694 $185,800 $0 $0
2023 $694 $166,800 $0 $0
2022 $698 $147,800 $30,000 $117,800
2021 $3,488 $147,800 $30,000 $117,800
2020 $3,488 $147,800 $30,000 $117,800
2019 $3,516 $149,700 $30,000 $119,700
2018 $3,436 $145,600 $0 $0
2017 $3,339 $141,500 $0 $0
2016 $3,231 $137,400 $0 $0
2015 $3,231 $137,067 $0 $0
2014 $3,231 $136,733 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Ernest Banks

    Properties International

    (301) 563-6380

    1 in this area

    15 Total Sales

    Ernest Banks
    Section Image
  • Jane Barton

    Buyer's Agent in 2020

    Jane Barton

    Monument Sotheby's International Realty

    (410) 299-0200

    1 in this area

    44 Total Sales

    Jane Barton
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA489728

Bright MLS

APN: 3903B-001

Maryland Baltimore City County Baltimore 21218 Pen Lucy

3901 Greenmount Ave, Baltimore, MD

This home is located at 3901 Greenmount Ave, Baltimore, MD 21218 since 29 October 2019 and is currently estimated at $321,401, approximately $145 per square foot. This property was built in 1920. 3901 Greenmount Ave is a home located in Baltimore City with nearby schools including Walter P. Carter Elementary School, Booker T. Washington Middle School, and Paul Laurence Dunbar Community High School.

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