NOT LISTED FOR SALE

500 E 41st St Baltimore, MD 21218

Pen Lucy Neighborhood

Estimated Value: $239,341 - $252,000

Studio
4 Baths
1,942 Sq Ft
$127/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $265,000 $136 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,558/month

12 Days on Market

Highlights

  • No HOA
  • Radiator
  • 3-minute walk to Mullan Park
  • Double Pane Windows

About This Home

As of February 2017

Investment Opportunity. Well maintained 2 properties with total of 8 Apts( 2-2 BR, Apts, 6-1 BR Apts). Price includes 500 & 502 E. 41st St. Each Building has 4 apts. Long term tenants w/below market rents.Sep Metered elec. New Boilers(12/16 1/17)&, New Windows, updated Kitchens & BA. Lead Certs, Multifamily Licenses. Located behind F. C. F. Church. Close to public trans. At least 48 hr notice

Last Agent to Sell the Property

Michael Levine

(443) 690-3990 michaelslevine@gmail.com Samson Properties License #612734 Listed on: 01/23/2017

Last Buyer's Agent

Regina Summers

regina@premierhomesmd.com NextHome Leaders License #MRIS:3091191

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,771

Year Built

  • Built in 1915

Lot Details

  • 7,200 Sq Ft Lot

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Double Pane Windows
  • Unfinished Basement
  • Exterior Basement Entry

Kitchen

  • Stove
  • Dishwasher

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 011
  • Assessor Parcel Number 0309013900 011

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Pen Lucy Subdivision

Building Details

  • Operating Expense $35,000
  • Net Operating Income $28,656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,771

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Stove, Dishwasher, Water Heater
  • Window Features: Double Pane
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Unfinished
  • Price Per Sq Ft: 139.03

Exterior Features

  • Construction Materials: Vinyl Siding
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas, Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Green Features

  • Green Verification: No

Lot Info

  • Improvement Assessed Value: 87400.00
  • Land Assessed Value: 30000.00
  • Lot Size Acres: 0.17
  • Lot Size Area: 7200
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7200.00
  • Zoning: 0R060
  • In City Limits: Yes

Rental Info

  • Lease Term: Negotiable
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12933031
  • Tax Annual Amount: 2770.64
  • Assessor Parcel Number: 0309013900 011
  • Tax Lot: 011
  • Tax Year: 2015

Multi Family

  • Gross Income: 54040.00
  • Metering: Electric Separate
  • Operating Expense: 35000.00

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2002
Sold by
Webb Larry E
Bought by
Faith Christian Fellowship
Current Estimated Value
$245,671
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Faith Christian Fellowship $100,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2017 02/28/17 Sold $265,000 -1.9% $136 / Sq Ft
02/04/2017 02/04/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $270,000 -- $139 / 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 $3,300 $152,700 $30,000 $122,700
2024 $3,300 $140,500 -- --
2023 $3,013 $128,300 $0 $0
2022 $2,740 $116,100 $30,000 $86,100
2021 $2,740 $116,100 $30,000 $86,100
2020 $2,740 $116,100 $30,000 $86,100
2019 $2,757 $117,400 $30,000 $87,400
2018 $2,771 $117,400 $30,000 $87,400
2017 $2,771 $117,400 $0 $0
2016 $2,873 $117,400 $0 $0
2015 $2,873 $117,400 $0 $0
2014 $2,873 $117,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Levine

    Seller's Agent in 2017

    Michael Levine

    Samson Properties

    (443) 690-3990

    45 Total Sales

    Michael Levine
    Section Image

  • R

    Buyer's Agent in 2017

    Regina Summers

    NextHome Leaders

See All Agents

Map

Source: Bright MLS

MLS Number: 1001162773

Bright MLS

APN: 3900-011

Maryland Baltimore City County Baltimore 21218 Pen Lucy

500 E 41st St, Baltimore, MD

Not Listed for Sale

MultiFamily

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