Seller's Agent in 2023
Melvin Knight
Coldwell Banker (NRT-Southeast-MidAtlantic)
(410) 903-7800
1 in this area
35 Total Sales
4308 Belair Rd Baltimore, MD 21206
Belair-Parkside NeighborhoodEstimated Value: $162,093
--
Bed
2
Baths
1,470
Sq Ft
$110/Sq Ft
Est. Value
Highlights
- City View
- Traditional Floor Plan
- Double Oven
- Deck
- Wood Flooring
- Stainless Steel Appliances
About This Home
As of December 2023Price Reduction! Great buy for an investor or a user. This property has been recently renovated and more recently refreshed. The many updates include a recent rubber membrane roof. A fully equipped beauty salon could be adapted for other uses, such as a nail salon, spa or barber shop. it is spotless and turn key. Above is a spacious renovated apartment with a renovated kitchen containing stainless steel appliances and white cabinets. The original hardwood floors are refinished. There is also a roof deck. The property is being delivered vacant. The market value rents are $950 for the apartment and $1250 for the salon. The tenants pay most utilities. The current taxes are low. The property has great numbers as an investment property. The cap rate would be over 12%. There is a large fenced back yard that could be used for parking. However, parking is also abundant on the street. This would also be a good candidate for live in part and rent part or live where you work. It is an attractive block with a heavy traffic flow and high visibility. It is also about a block from a lovely park. It is located convenient to Hopkins Hospital and downtown. It's also just a few miles 'west of I-95. This is perfect for a first time investor. It's ready to rent and will have a great positive cash flow.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,729
Year Built
- Built in 1927
Lot Details
- 1,859 Sq Ft Lot
- Infill Lot
- Back and Front Yard
- Ground Rent of $90 semi-annually
- Property is in very good condition
Home Design
- Duplex
- Converted Dwelling
- Brick Exterior Construction
Interior Spaces
- Traditional Floor Plan
- City Views
Kitchen
- Double Oven
- Stainless Steel Appliances
Flooring
- Wood
- Vinyl
Improved Basement
- Basement Fills Entire Space Under The House
- Connecting Stairway
- Interior Basement Entry
- Water Proofing System
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Gravel Driveway
- On-Street Parking
- Parking Lot
Outdoor Features
- Deck
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Electric Baseboard Heater
- Natural Gas Water Heater
- Municipal Trash
- Phone Available
Listing and Financial Details
- The owner pays for common area maintenance, insurance, management, miscellaneous, repairs, real estate taxes, water, advertising/licenses and permits
- Tax Lot 003A
- Assessor Parcel Number 0327015898H003A
Community Details
Overview
- 2 Units
- 3-Story Building
- Gardenville Subdivision
Building Details
- 2 Vacant Units
- Income includes shop rentals, apartment rentals
- Insurance Expense $1,334
- Operating Expense $5,790
- Gross Income $26,400
- Net Operating Income $20,197
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2023
Closed on
Dec 4, 2023
Sold by
Plainfield Holdings Llc
Bought by
Farzelli Llc
Seller's Agent
Melvin Knight
Coldwell Banker Realty
Buyer's Agent
Constance Bennett
Keller Williams Gateway LLC
List Price
$165,000
Sold Price
$150,000
Premium/Discount to List
-$15,000
-9.09%
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,093
Avg. Annual Appreciation
3.16%
Purchase Details
Closed on
Jun 13, 2019
Sold by
Taggart Peter S
Bought by
Plainfield Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
3.82%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 28, 2013
Sold by
Kline Joann
Bought by
English Jeffrey
Purchase Details
Closed on
Dec 10, 2002
Sold by
Evans Charles L
Bought by
Kline Joann
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Farzelli Llc | $150,000 | New World Title | |
| Plainfield Holdings Llc | -- | Eagle Premier Ttl Group Llc | |
| English Jeffrey | $110,000 | American Land Title Corp | |
| Kline Joann | $57,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Plainfield Holdings Llc | $71,500 | |
| Previous Owner | Taggart Peter S | $25,000 | |
| Previous Owner | Kline Joann | $110,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/05/2023 12/05/23 | Sold | $150,000 | -6.2% | $102 / Sq Ft |
| 11/05/2023 11/05/23 | Pending | -- | -- | -- |
| 10/30/2023 10/30/23 | Price Changed | $159,900 | -3.1% | $109 / Sq Ft |
| 10/09/2023 10/09/23 | For Sale | $165,000 | 0.0% | $112 / Sq Ft |
| 09/29/2023 09/29/23 | Pending | -- | -- | -- |
| 09/11/2023 09/11/23 | For Sale | $165,000 | +267.5% | $112 / Sq Ft |
| 04/08/2016 04/08/16 | Sold | $44,900 | -30.9% | $38 / Sq Ft |
| 02/27/2016 02/27/16 | Pending | -- | -- | -- |
| 10/28/2015 10/28/15 | For Sale | $65,000 | -- | $55 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,527 | $86,833 | -- | -- |
| 2024 | $1,527 | $65,000 | $37,000 | $28,000 |
| 2023 | $2,089 | $88,533 | $0 | $0 |
| 2022 | $1,729 | $73,267 | $0 | $0 |
| 2021 | $2,346 | $99,400 | $37,000 | $62,400 |
| 2020 | $2,036 | $86,267 | $0 | $0 |
| 2019 | $2,308 | $98,267 | $0 | $0 |
| 2018 | $1,824 | $77,300 | $37,000 | $40,300 |
| 2017 | $2,297 | $97,333 | $0 | $0 |
| 2016 | $2,499 | $96,967 | $0 | $0 |
| 2015 | $2,499 | $96,600 | $0 | $0 |
| 2014 | $2,499 | $96,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
C
Buyer's Agent in 2023
Constance Bennett
Keller Williams Gateway LLC
1 in this area
11 Total Sales
-
Seller's Agent in 2016
Caroline Meredith
Compass
(410) 978-6964
74 Total Sales
Map
Source: Bright MLS
MLS Number: MDBA2097472
APN: 5898H-003A
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