NOT LISTED FOR SALE

500 E Patapsco Ave Baltimore, MD 21225

Estimated Value: $469,066

-- Bed
-- Bath
5,550 Sq Ft
$85/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $220,000 $40 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $3,221/month

37 Days on Market

About This Home

As of August 2024

5-8 Unit building. Needs major rehab but incredible potential. Property is boarded so only drive by viewings. CASH ONLY. No financing. Possible store front plus apartments above and connected to the white building. Includes big white building and attached brick units. Transfers strictly AS IS with no repairs or warranties. Unknown Ground Rent. If ground rent exists seller will not redeem. Buyer will assume ground rent, if ground rent exists.

Last Agent to Sell the Property

Faith Rosselle

(301) 570-9300 faith.rosselle@verizon.net Rosselle Realty Services License #BR100826 Listed on: 06/13/2024

Last Buyer's Agent

Mike Altobelli

(240) 498-7319 mikealtobelli@gmail.com RE/MAX Realty Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,500

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Fixer Upper

Additional Features

  • 7,500 Sq Ft Lot
  • Electric Water Heater
  • Basement

Community Details

  • 2-Story Building

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number 0325067076 001

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Total Sq Ft: 6401
  • Living Area Sq Ft: 5550
  • Price Per Sq Ft: 39.62
  • Above Grade Finished Sq Ft: 5550
  • Below Grade Sq Ft: 851
  • Total Below Grade Sq Ft: 851
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: 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: No
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Property Condition: Major Rehab Needed
  • Zoning: C-2
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9235.00
  • Assessor Parcel Number: 0325067076 001
  • Tax Lot: 001
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Aug 27, 2024
Sold by
Psf Ohio Llc
Bought by
500 E Patapsco Ave Llc
Seller's Agent
Faith Rosselle
Rosselle Realty Services
Buyer's Agent
Mike Altobelli
RE/MAX Realty Services
List Price
$249,900
Sold Price
$220,000
Premium/Discount to List
-$29,900
-11.96%
Views
52
Current Estimated Value
$469,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,066

Purchase Details

Closed on
Jan 3, 2019
Sold by
B Sandi Group Llc
Bought by
Gdp Financial Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,903
Interest Rate
4.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 22, 2018
Sold by
Restoration Realty Group Llc
Bought by
Generic Real Estate Holdings Llc

Purchase Details

Closed on
Jun 24, 2015
Sold by
Martindale Angela M
Bought by
Patapsco 500 Llc

Purchase Details

Closed on
Sep 26, 2000
Sold by
Martindale Wilbur L
Bought by
Martindale Wilbur L and Martindale Angela M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
500 E Patapsco Ave Llc $220,000 None Listed On Document
500 E Patapsco Ave Llc $220,000 None Listed On Document
Gdp Financial Llc $630,000 Brennan Title Co
B Sandi Group Llc $330,000 Brennan Title Co
Generic Real Estate Holdings Llc $205,000 None Available
Patapsco 500 Llc $95,000 Crown Title Corporation
Martindale Wilbur L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner B Sandi Group Llc $337,903
Previous Owner B Sandi Group Llc $472,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold $220,000 0.0% $40 / Sq Ft
07/20/2024 07/20/24 Pending -- -- --
07/15/2024 07/15/24 Price Changed $219,900 -12.0% $40 / Sq Ft
06/13/2024 06/13/24 For Sale $249,900 -- $45 / 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 $9,256 $396,900 -- --
2024 $9,256 $394,100 $0 $0
2023 $14,337 $607,500 $225,000 $382,500
2022 $11,543 $489,100 $0 $0
2021 $8,749 $370,700 $0 $0
2020 $5,954 $252,300 $52,500 $199,800
2019 $5,863 $249,633 $0 $0
2018 $5,828 $246,967 $0 $0
2017 $5,765 $244,300 $0 $0
2016 $6,033 $239,133 $0 $0
2015 $6,033 $233,967 $0 $0
2014 $6,033 $228,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2128954

Bright MLS

APN: 7076-001