NOT LISTED FOR SALE

Estimated Value: $178,286 - $198,000

-- Bed
2 Baths
1,452 Sq Ft
$130/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $130,000 $90 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,316/month

5 Days on Market

Highlights

  • Second Kitchen
  • Colonial Architecture
  • No HOA
  • Open Floorplan
  • Wood Flooring
  • 90% Forced Air Heating System

About This Home

As of June 2021

Great investment property near the cold spring MTA station. Two fully rented units with long term tenants. They wish to stay. Each unit has two bedrooms and a full bath. While they share the main entrance, The two units have their own entrances, Updated kitchens. The Units also share the path to the basement which has room for two storage spaces. Actual separate washer and dryer hook ups for each unit. Heating system has been updated from Oil to Gas/Electric that are also metered separately. The Water Heaters have been replaced in the last six months . Call listing agent for listing details. Please be patient with tenants while setting up showing appointments

Last Agent to Sell the Property

Benedict Mwaura

HomeSmart License #605799 Listed on: 05/24/2021

HomeSmart

Co-Listed By

Pat Grier

HomeSmart

Last Buyer's Agent

Sharon Ledbetter

Weichert, REALTORS License #573900

Weichert, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 871 Sq Ft Lot
  • Back Yard
  • Ground Rent of $60 semi-annually expires in 35 years
  • Property is in very good condition

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 1,452 Sq Ft Home
  • Open Floorplan
  • Casement Windows
  • Insulated Doors
  • Wood Flooring
  • Window Bars
  • Washer and Dryer Hookup
  • Basement

Kitchen

  • Second Kitchen
  • Gas Oven or Range

Parking

  • 2 Parking Spaces
  • Public Parking
  • 2 Off-Street Spaces
  • Free Parking

Location

  • Urban Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • 90% Forced Air Heating System
  • 120/240V
  • 60 Gallon+ Water Heater

Listing and Financial Details

  • The owner pays for lawn/shrub care, management, pest control, repairs, real estate taxes
  • Tax Lot 008
  • Assessor Parcel Number 0315243100N008

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 2-Story Building
  • Arlington Subdivision

Building Details

  • Insurance Expense $500
  • Maintenance Expense $2,000
  • Manager Expense $2,000
  • Operating Expense $3,000
  • Gross Income $19,800
  • Net Operating Income $14,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Ground Rent
  • Historic: No
  • Home Warranty: No
  • Inclusions: Existing leases
  • New Construction: No
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Remarks Public: Great investment property near the cold spring MTA station. Two fully rented units with long term tenants. They wish to stay. Each unit has two bedrooms and a full bath. While they share the main entrance, The two units have their own entrances, Updated kitchens. The Units also share the path to the basement which has room for two storage spaces. Actual separate washer and dryer hook ups for each unit. Heating system has been updated from Oil to Gas/Electric that are also metered separately. The Water Heaters have been replaced in the last six months . Call listing agent for listing details. Please be patient with tenants while setting up showing appointments
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator, Washer/Dryer Hookups Only, Water Heater
  • Flooring Type: Hardwood
  • Interior Amenities: 2nd Kitchen, Floor Plan - Open
  • Window Features: Casement
  • Fireplace: No
  • Door Features: Insulated
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Room Count: 8
  • Basement: Yes
  • Total Sq Ft: 1452
  • Living Area Sq Ft: 1452
  • Price Per Sq Ft: 89.53
  • Above Grade Finished Sq Ft: 1452
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4015

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Street Lights
  • Road Surface Type: Black Top, Concrete
  • Roof: Architectural Shingle, Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Free, Public
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Monthly Average Electric: 56
  • Previous Twelve Months Electric Expense: 672.00
  • Electric Service: 120/240V
  • Gas Avg Month: 24.00
  • Gas Prev12 Months: 288.00
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Pest Control Expense: 250.00
  • Security: Window Grills
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Other, Electric Available
  • Monthly Water Average: 86
  • Water Previous Twelve Months: 1032.00
  • Water Source: Public
  • Internet Services: Broadband, Cable, DSL, Fiber Optic, Fixed Wireless

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 2000.00
  • Association Recreation Fee: 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: 108000.00
  • Land Assessed Value: 50000.00
  • Land Use Code: 003
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 871.20
  • Property Condition: Very Good, Good
  • Soil Types: Unknown
  • Year Assessed: 2021
  • Zoning: R-6
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Amt: 60.00
  • Ground Rent Exists: Yes
  • Ground Rent Pymnt Freq: Semi-Annually
  • Ground Rent Years Remaining: 35
  • Owner Pays: Lawn/Shrub Care, Management, Pest Control, Repairs, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 19800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12980793
  • Tax Annual Amount: 3708.00
  • Assessor Parcel Number: 0315243100N008
  • Tax Lot: 008
  • Tax Total Finished Sq Ft: 1452
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 06/30/2021

Multi Family

  • Gross Income: 19800.00
  • Gross Scheduled Income: 19800.00
  • Income Expense List: Annual Ground Rent
  • Operating Expense: 3000.00
  • Vacancy Allowance Rate: 0.90

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2021
Closed on
Jun 30, 2021
Sold by
Thuku Cs Llc
Bought by
Opima Pandy N and Opima Zhanna
Seller's Agent
Benedict Mwaura
HomeSmart
Buyer's Agent
Sharon Ledbetter
Weichert, REALTORS
List Price
$127,000
Sold Price
$130,000
Premium/Discount to List
$3,000
2.36%
Current Estimated Value
$188,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,143
Avg. Annual Appreciation
9.27%
Original Mortgage
$97,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2006
Sold by
Jones William H
Bought by
Wells Fargo Bank Minnesota

Purchase Details

Closed on
Nov 20, 2006
Sold by
Jones William H
Bought by
Wells Fargo Bank Minnesota and National Association (Tr)

Purchase Details

Closed on
Feb 1, 1999
Sold by
Juneau D Arnelle Wf
Bought by
Jones William H
Source: Public Records

Range of Values:

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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
Opima Pandy N $130,000 Classic Settlements Inc
Wells Fargo Bank Minnesota $94,553 --
Wells Fargo Bank Minnesota $94,553 --
Jones William H $32,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Opima Pandy N $97,500
Previous Owner Rhett Charles A $35,000
Previous Owner Rhett Charles A $84,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $130,000 0.0% $90 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/29/2021 05/29/21 Price Changed $130,000 +2.4% $90 / Sq Ft
05/24/2021 05/24/21 For Sale $127,000 0.0% $87 / Sq Ft
02/06/2019 02/06/19 Rented $776 0.0% --
01/25/2019 01/25/19 Under Contract -- -- --
01/05/2019 01/05/19 For Rent $776 +7.9% --
05/11/2015 05/11/15 Rented $719 0.0% --
05/10/2015 05/10/15 Under Contract -- -- --
04/14/2015 04/14/15 For Rent $719 0.0% --
09/28/2012 09/28/12 Sold $54,000 -10.0% $37 / Sq Ft
08/10/2012 08/10/12 Pending -- -- --
07/10/2012 07/10/12 Price Changed $59,999 -7.7% $41 / Sq Ft
06/14/2012 06/14/12 Price Changed $65,000 -17.7% $45 / Sq Ft
06/07/2012 06/07/12 For Sale $79,000 -- $54 / 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 $3,582 $152,500 $50,000 $102,500
2024 $3,582 $152,500 $50,000 $102,500
2023 $3,582 $152,500 $50,000 $102,500
2022 $3,729 $158,000 $50,000 $108,000
2021 $3,719 $157,567 $0 $0
2020 $3,708 $157,133 $0 $0
2019 $3,681 $156,700 $50,000 $106,700
2018 $3,632 $153,900 $0 $0
2017 $3,566 $151,100 $0 $0
2016 $2,868 $148,300 $0 $0
2015 $2,868 $139,233 $0 $0
2014 $2,868 $130,167 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA552536

Bright MLS

APN: 3100N-008