NOT LISTED FOR SALE

507 Park Ave Baltimore, MD 21201

Downtown Baltimore Neighborhood
-- Bed
-- Bath
1,480 Sq Ft
3,075 Sq Ft Lot

Last Sold February 26, 2021

Last sale price $440,000 $297 Per Sq Ft

185 Days on Market

Highlights

  • Federal Architecture
  • No HOA
  • Radiator
  • 1 Fireplace
  • Central Air
  • 3-minute walk to Mount Vernon Place

About This Home

As of February 2021

Remarkable opportunity to be in the heart of Mt. Vernon re-development zone. Beautifully renovated office space zone OR with approved architectural plans from the city for a third story. Perfect opportunity for condo conversion or multi-family conversion. New plumbing, electrical, flooring, new paint throughout. Move-in ready or conversion ready!Eight private parking spaces in rear. A solid investment to add to your portfolio!

Last Agent to Sell the Property

Suzanne Ludwig

(410) 207-5900 sludwig@cbmove.com Cummings & Co. Realtors Listed on: 07/14/2020

Cummings & Co. Realtors

Last Buyer's Agent

Suzanne Ludwig

(410) 207-5900 sludwig@cbmove.com Cummings & Co. Realtors Listed on: 07/14/2020

Cummings & Co. Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,441

Year Built

  • Built in 1900

Lot Details

  • 3,075 Sq Ft Lot

Home Design

  • Federal Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,480 Sq Ft Home
  • 1 Fireplace

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Lot

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Radiator
  • Heating System Uses Oil
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 007A
  • Assessor Parcel Number 0311100550 007A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,441

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Total Sq Ft: 1480
  • Living Area Sq Ft: 1480
  • Price Per Sq Ft: 337.16
  • Above Grade Finished Sq Ft: 1480
  • Above Grade Finished Area Units: Square Feet

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: 8
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 8

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 237800.00
  • Land Assessed Value: 107600.00
  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3075.00
  • Zoning: OR-2
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 12948429
  • Tax Annual Amount: 7441.00
  • Assessor Parcel Number: 0311100550 007A
  • Tax Lot: 007A
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2020
Closed on
Mar 5, 2021
Sold by
Batshah Llc
Bought by
Waynewright Strategy Llc
Seller's Agent
Suzanne Ludwig
Cummings & Co. Realtors
Buyer's Agent
Suzanne Ludwig
Cummings & Co. Realtors
List Price
$499,000
Sold Price
$440,000
Premium/Discount to List
-$59,000
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 2016
Sold by
Red Barn Properties Llc
Bought by
Batshah Llc

Purchase Details

Closed on
Sep 18, 2009
Sold by
Falise Mary Kay
Bought by
Red Barn Properties Llc

Purchase Details

Closed on
Jun 24, 2009
Sold by
Garfinkle Loretta N
Bought by
Falise Mary Kay
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
Waynewright Strategy Llc $440,000 Community Settlement Group L
Batshah Llc $320,250 Fatico
Red Barn Properties Llc -- --
Falise Mary Kay $237,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Waynewright Strategy Llc $522,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2021 02/26/21 Sold $440,000 -11.8% $297 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $499,000 0.0% $337 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
08/03/2020 08/03/20 Price Changed $499,000 -5.7% $337 / Sq Ft
07/14/2020 07/14/20 For Sale $529,000 -- $357 / 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 $10,278 $435,500 $123,000 $312,500
2024 $10,278 $435,500 $123,000 $312,500
2023 $10,229 $435,500 $123,000 $312,500
2022 $8,151 $345,400 $107,600 $237,800
2021 $7,915 $335,367 $0 $0
2020 $7,678 $325,333 $0 $0
2019 $7,406 $315,300 $107,600 $207,700
2018 $6,311 $267,433 $0 $0
2017 $5,182 $219,567 $0 $0
2016 $4,158 $171,700 $0 $0
2015 $4,158 $171,700 $0 $0
2014 $4,158 $171,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Suzanne Ludwig

    Seller's Agent in 2021

    Suzanne Ludwig

    Cummings & Co Realtors

    (410) 207-5900

    1 in this area

    23 Total Sales

    Suzanne Ludwig
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Map

Source: Bright MLS

MLS Number: MDBA517028

Bright MLS

APN: 0550-007A

Maryland Baltimore City County Baltimore 21201 Downtown Baltimore

507 Park Ave, Baltimore, MD

Not Listed for Sale

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