NOT LISTED FOR SALE

Estimated Value: $191,000 - $239,000

-- Bed
3 Baths
1,452 Sq Ft
$147/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $170,000 $117 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,554/month

17 Days on Market

Highlights

  • 2,211 Acre Lot
  • More Than Two Accessible Exits
  • Central Heating
  • No HOA

About This Home

As of March 2021

This is a cozy move-in ready 2nd floor level apartment with lots of natural lights and new carpets in all rooms. The unit has 2 main bedrooms, living room/dining combo and 1 bathroom. Tenants pay for all utilities including half of the water. After approval of lease for apartment, Tenant must have renter's insurance and BGE in name in order to receive keys. NO SMOKING.

MINIMUM QUALIFICATION REQUIREMENTS:
- Copy of current driver's license
- Make 3 times the amount of monthly rent
- 2 months of current pay stub (income must be from verifiable source)
- Must pass credit requirement
- Bankruptcy must be dismissed or discharged
- Must pass Background Check (Applicant's background must exhibit a pattern of responsibility)
- Must have good references from previous landlords for the previous 5 years and no judgements from past landlords
- No Evictions
- Anyone 18 or older must apply as co-applicant

This property is located on a quiet street, with street parking. The property is within walking distance to the METRO in the neighborhood, which means you can commute to downtown in a jiffy. There are a number of convenience stores within walking distance. There are restaurants, malls, colleges and universities in close proximity. This property is in a prime spot to call home.

Last Listed By

Levin Sullivan

Keller Williams Preferred Properties License #661025 Listed on: 01/09/2021

Keller Williams Preferred Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,800

Year Built

  • Built in 1955

Lot Details

  • 2,211

Home Design

  • 1,452 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Electric Water Heater

Additional Features

  • More Than Two Accessible Exits
  • 2,211 Acre Lot
  • Basement

Listing and Financial Details

  • Tax Lot 040
  • Assessor Parcel Number 0315243100N040

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,800

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-01-09
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Remarks Public: This is a rare opportunity to acquire a MULTI FAMILY Property with a finished basement(room and full-bathroom) in the East Arlington area. A Total 4 bedrooms, 3 full baths, and 4 additional rooms. EACH unit have 2 bedroomS and 1 bathroom. The lower level unit also has an extension with plenty of sunlight that you could use for extra storage/workout room, or a sitting room. There is off the street parking along with a drive way in the rear that will hold two vehicles. The lower unit also has a tenant on a month to month lease, that is also willing to stay. These assets have been expertly maintained by current ownership. Despite the existing renovations and capital improvements, value-add opportunities still exist for a new owner. A new owner can focus on increasing rents, with the potential for increases of at least 10 percent without making unit improvements. The neighborhood is home to some of the top employers in Baltimore City, including University of Maryland Medical Center's Midtown Campus, Agora, and the University System of Maryland. WALKING DISTANCE TO THE METRO. There are also a handful of universities in close proximity, including University of Baltimore, Maryland Institute College of Art, and the world-renowned Peabody Institute of The Johns Hopkins University. Great opportunity for first time-homebuyers or investors.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Total Sq Ft: 1452
  • Living Area Sq Ft: 1452
  • Price Per Sq Ft: 144.63
  • Above Grade Finished Sq Ft: 1452
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4024

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
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric, Central
  • Heating Type: Central
  • 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

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 111900.00
  • Land Assessed Value: 50000.00
  • Land Use Code: 003
  • Lot Size Acres: 2211.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 96311160.00
  • Year Assessed: 2021
  • Zoning: R-6
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12980824
  • Tax Annual Amount: 3800.00
  • Assessor Parcel Number: 0315243100N040
  • Tax Lot: 040
  • Tax Total Finished Sq Ft: 1452
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 03/12/2021

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2021
Closed on
Mar 12, 2021
Sold by
Reeves Travis
Bought by
Mclend Aghogho Okomowho
Seller's Agent
Levin Sullivan
Keller Williams Preferred Properties
Buyer's Agent
Mona McKenzie
Keller Williams Preferred Properties
List Price
$210,000
Sold Price
$170,000
Premium/Discount to List
-$40,000
-19.05%
Total Days on Market
17
Current Estimated Value
$213,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,256
Avg. Annual Appreciation
6.10%
Original Mortgage
$166,920
Outstanding Balance
$152,008
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$66,140

Purchase Details

Closed on
Oct 13, 2010
Sold by
Jones Michael D
Bought by
Reeves Travis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2007
Sold by
Harmon Thompson
Bought by
James Marcus G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

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
Mclend Aghogho Okomowho $170,000 Sage Title Group Llc
Reeves Travis $60,500 --
Jones Michael D $55,000 --
Us Bank National Assco $97,750 --
James Marcus G $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclend Aghogho Okomowho $166,920
Previous Owner Us Bank National Assco $74,000
Previous Owner James Marcus G $95,000
Previous Owner James Marcus G $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Off Market $1,000 -- --
10/01/2024 10/01/24 For Rent $1,000 0.0% --
03/12/2021 03/12/21 Sold $170,000 -19.0% $117 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $210,000 -- $145 / 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 $4,316 $183,767 $0 $0
2023 $4,059 $172,833 $0 $0
2022 $3,821 $161,900 $50,000 $111,900
2021 $3,811 $161,467 $0 $0
2020 $3,800 $161,033 $0 $0
2019 $3,772 $160,600 $50,000 $110,600
2018 $3,719 $157,600 $0 $0
2017 $3,649 $154,600 $0 $0
2016 $2,831 $151,600 $0 $0
2015 $2,831 $140,900 $0 $0
2014 $2,831 $130,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA535712

Bright MLS

APN: 3100N-040