NOT LISTED FOR SALE

3908 Wilke Ave Baltimore, MD 21206

Wilson Heights Neighborhood

Estimated Value: $163,332 - $188,000

2 Beds
1 Bath
1,270 Sq Ft
$138/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $115,000 $91 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,153/month

38 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Central Heating and Cooling System

About This Home

As of September 2020

Newly renovated semi-detached townhouse rental with a fantastic tenant already in place. This turn-key rental is a perfect addition to any portfolio and cashflows over the 1% rule, used by many savvy investors. This renovation was completed for renting, so it was designed to be both beautiful and durable. The kitchen features granite countertops and stainless steel appliances, and the home has a modern color scheme and vinyl flooring throughout. Other renovated homes in the neighborhood are selling for as much as 135,000 so this home provides instant equity for the new owners. The rent is guaranteed and the property is professionally managed so this property will provide easy instant cashflow to the new buyer. The home is also certified limited lead-free. The sellers planned on keeping this property for the long-term, but COVID has caused changes in the lending and financial world and the sellers have chosen to sell several updated properties in order to increase cash reserves. Other similar homes are for sale if interested in a package deal. Contact listing agent with any additional questions

Last Agent to Sell the Property

Josh Velte

(443) 939-1854 josh@cummingsrealtors.com Cummings & Co. Realtors Listed on: 07/15/2020

Cummings & Co. Realtors

Last Buyer's Agent

Adaora Ichoku

(443) 224-4291 adaora.ichoku@lnf.com Long & Foster Real Estate, Inc. License #603039

Long & Foster Real Estate, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,342

Year Built

  • Built in 1954

Lot Details

  • 2,752 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Semi-Detached or Twin Home
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Partially Finished Basement

  • Interior and Rear Basement Entry
  • Laundry in Basement

Utilities

  • Central Heating and Cooling System
  • 100 Amp Service
  • Electric Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • Gardenville Subdivision
  • Property Manager

Listing and Financial Details

  • Tax Lot 079
  • Assessor Parcel Number 0327015864O079

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,342

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2020-07-24
  • Year Built: 1954
  • Automatically Close On Close Date: No
  • Remarks Public: Newly renovated semi-detached townhouse rental with a fantastic tenant already in place. This turn-key rental is a perfect addition to any portfolio and cashflows over the 1% rule, used by many savvy investors. This renovation was completed for renting, so it was designed to be both beautiful and durable. The kitchen features granite countertops and stainless steel appliances, and the home has a modern color scheme and vinyl flooring throughout. Other renovated homes in the neighborhood are selling for as much as 135,000 so this home provides instant equity for the new owners. The rent is guaranteed and the property is professionally managed so this property will provide easy instant cashflow to the new buyer. The home is also certified limited lead-free. The sellers planned on keeping this property for the long-term, but COVID has caused changes in the lending and financial world and the sellers have chosen to sell several updated properties in order to increase cash reserves. Other similar homes are for sale if interested in a package deal. Contact listing agent with any additional questions
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Levels Count: 3
  • Room Count: 6
  • Basement: Yes
  • Basement Type: Partially Finished, Rear Entrance, Interior Access
  • Laundry Type: Basement
  • Total Sq Ft: 1270
  • Living Area Sq Ft: 1270
  • Price Per Sq Ft: 137.93
  • Above Grade Finished Sq Ft: 870
  • Below Grade Finished Sq Ft: 400
  • Total Below Grade Sq Ft: 400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3908

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: 003
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2752.00
  • Year Assessed: 2020
  • Zoning: R-5
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 14964.00
  • Vacation Rental: No
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • Tax Annual Amount: 2342.00
  • Assessor Parcel Number: 0327015864O079
  • Tax Lot: 079
  • Tax Total Finished Sq Ft: 870
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 09/30/2020

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Sep 30, 2020
Sold by
Central Virginia Capital Llc
Bought by
Odero Frederick and Odero Aisha
Seller's Agent
Josh Velte
Cummings & Co. Realtors
Buyer's Agent
Adaora Ichoku
Long & Foster Real Estate, Inc.
List Price
$120,000
Sold Price
$115,000
Premium/Discount to List
-$5,000
-4.17%
Current Estimated Value
$175,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,666
Avg. Annual Appreciation
8.79%

Purchase Details

Closed on
Oct 1, 2019
Sold by
Freedom Mortgage Corporation
Bought by
Central Virginia Capital Llc

Purchase Details

Closed on
Nov 7, 2018
Sold by
Swartz Megan E
Bought by
Freedom Mortgage Corp

Purchase Details

Closed on
Oct 10, 2008
Sold by
Gliken Jamie J
Bought by
Swartz Megan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 12, 2008
Sold by
Gliken Jamie J
Bought by
Swartz Megan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 9, 2004
Sold by
Stillskyes Superior Builder Llc
Bought by
Gliken Jamie J

Purchase Details

Closed on
Nov 23, 2004
Sold by
Stillskyes Superior Builder Llc
Bought by
Gliken Jamie J

Purchase Details

Closed on
Jun 23, 2004
Sold by
Bruno Tony
Bought by
Stillskyes Superior Builder 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
Odero Frederick $115,000 Sage Title Group Llc
Central Virginia Capital Llc $61,120 None Available
Freedom Mortgage Corp $66,120 None Available
Swartz Megan E $120,000 --
Swartz Megan E $120,000 --
Gliken Jamie J $90,000 --
Gliken Jamie J $90,000 --
Stillskyes Superior Builder Llc $53,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Swartz Megan E $2,500
Previous Owner Swartz Megan E $2,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2020 09/30/20 Sold $115,000 -4.2% $91 / Sq Ft
08/23/2020 08/23/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $120,000 -- $94 / 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 $2,617 $122,733 -- --
2024 $2,617 $111,400 $36,000 $75,400
2023 $2,526 $107,533 $0 $0
2022 $2,447 $103,667 $0 $0
2021 $2,355 $99,800 $36,000 $63,800
2020 $2,349 $99,533 $0 $0
2019 $2,332 $99,267 $0 $0
2018 $2,179 $99,000 $36,000 $63,000
2017 $2,181 $98,233 $0 $0
2016 $2,475 $97,467 $0 $0
2015 $2,475 $96,700 $0 $0
2014 $2,475 $96,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Josh Velte

    Seller's Agent in 2020

    Josh Velte

    Cummings & Co. Realtors

    (443) 939-1854

    32 Total Sales

    Josh Velte
    Section Image
  • Adaora Ichoku

    Buyer's Agent in 2020

    Adaora Ichoku

    Long & Foster

    (443) 224-4291

    8 Total Sales

    Adaora Ichoku
    Section Image
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Map

Source: Bright MLS

MLS Number: MDBA517158

Bright MLS

APN: 5864O-079

Maryland Baltimore City County Baltimore 21206 Wilson Heights

3908 Wilke Ave, Baltimore, MD

This home is located at 3908 Wilke Ave, Baltimore, MD 21206 since 15 July 2020 and is currently estimated at $175,666, approximately $138 per square foot. This property was built in 1954. 3908 Wilke Ave is a home located in Baltimore City with nearby schools including Gardenville Elementary School, Booker T. Washington Middle School, and Paul Laurence Dunbar Community High School.

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