NOT LISTED FOR SALE

509 E Lake Ave Baltimore, MD 21212

Chinquapin Park Neighborhood

Estimated Value: $634,663 - $702,000

-- Bed
4 Baths
3,960 Sq Ft
$169/Sq Ft Est. Value

Last Sold November 09, 2020

Last sale price $465,000 $117 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,537/month

6 Days on Market

Highlights

  • Second Kitchen
  • Colonial Architecture
  • Wood Flooring
  • Dual Staircase
  • Open Floorplan
  • 5-minute walk to Evesham Park

About This Home

As of November 2020

Exciting opportunity to own this multi-unit property in the Belvedere Square/Cedarcroft area of Baltimore. This property has so much potential! This nearly 4,000 SF brick colonial offers four identical two-bedroom units, garage space (currently 2 large garages but could easily be 4 individual units), a basement that is unfinished, and a huge attic that also has potential. All units have beautiful original hardwood floors and are well-kept. Each unit has two large bedrooms, 1 full bath, a kitchen, dining room, and a living room. 990 SF per unit. All units are metered separately and tenants are responsible for the electric and gas bills. Live in one unit and rent the others or use strictly as an investment property. City inspections and lead certifications can be provided. Currently, rents are below-market value. . . room for improvement! Conveniently located between Towson University/Johns Hopkins and downtown, close to I-83 and I-695 and close to hospitals and other amenities makes it an ideal location for renters. Showings will be provided for qualified buyers by listing and co-listing agent only or by an 'open-house' style showing method (one weekday and one weekend). PROPERTY BEING SOLD AS-IS.

Last Agent to Sell the Property

Natalie Chamberlain

Taylor Properties License #657773 Listed on: 10/16/2020

Taylor Properties

Co-Listed By

Glenn Watson

Taylor Properties License #17138

Last Buyer's Agent

Chris Yankosky

Corner House Realty

Corner House Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,999

Year Built

  • Built in 1941

Lot Details

  • 8,197 Sq Ft Lot
  • Corner Lot
  • Cleared Lot
  • Front and Side Yard

Parking

  • 4 Car Attached Garage
  • 4 Driveway Spaces
  • Basement Garage
  • Parking Storage or Cabinetry
  • Rear-Facing Garage
  • Off-Street Parking

Home Design

  • Quadruplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • Open Floorplan
  • Dual Staircase
  • Ceiling Fan
  • Double Door Entry
  • Dining Area
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Second Kitchen
  • Gas Oven or Range

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Side Exterior Basement Entry
  • Rough-In Basement Bathroom
  • Basement Windows

Utilities

  • Window Unit Cooling System
  • Radiator
  • Vented Exhaust Fan
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, real estate taxes, water, trash collection, management, insurance
  • Tax Lot 007
  • Assessor Parcel Number 0327545130 007

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 4-Story Building
  • Belvedere Square Subdivision

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,999

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenant owned personal property
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2020-10-16
  • Year Built: 1941
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Exciting opportunity to own this multi-unit property in the Belvedere Square/Cedarcroft area of Baltimore. This property has so much potential! This nearly 4,000 SF brick colonial offers four identical two-bedroom units, garage space (currently 2 large garages but could easily be 4 individual units), a basement that is unfinished, and a huge attic that also has potential. All units have beautiful original hardwood floors and are well-kept. Each unit has two large bedrooms, 1 full bath, a kitchen, dining room, and a living room. 990 SF per unit. All units are metered separately and tenants are responsible for the electric and gas bills. Live in one unit and rent the others or use strictly as an investment property. City inspections and lead certifications can be provided. Currently, rents are below-market value. . . room for improvement! Conveniently located between Towson University/Johns Hopkins and downtown, close to I-83 and I-695 and close to hospitals and other amenities makes it an ideal location for renters. Showings will be provided for qualified buyers by listing and co-listing agent only or by an 'open-house' style showing method (one weekday and one weekend). PROPERTY BEING SOLD AS-IS.
  • Special Features: None

Interior Features

  • Appliances: Dryer, Exhaust Fan, Oven/Range - Gas, Refrigerator, Washer, Water Heater
  • Flooring Type: Hardwood, Ceramic Tile
  • Interior Amenities: Additional Stairway, Attic, 2nd Kitchen, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Floor Plan - Traditional, Wood Floors
  • Fireplace: No
  • Door Features: Double Entry
  • Basement: Yes
  • Basement Type: Connecting Stairway, Heated, Outside Entrance, Rough Bath Plumb, Side Entrance, Unfinished, Walkout Level, Windows
  • Total Sq Ft: 5110
  • Living Area Sq Ft: 3960
  • Price Per Sq Ft: 126.24
  • Above Grade Finished Sq Ft: 3960
  • Below Grade Sq Ft: 1150
  • Total Below Grade Sq Ft: 1150
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 509

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Asphalt, Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Additional Storage Area, Basement Garage, Garage - Rear Entry
  • Attached Garage Spaces: 4
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Attached Garage, Off Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s), Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: 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: 278500.00
  • Land Assessed Value: 62200.00
  • Land Use Code: 003
  • Lot Features: Cleared, Corner, Front Yard, Sideyard(s)
  • Lot Size Acres: 0.19
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8197.00
  • Year Assessed: 2020
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Long Term, Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Advertising/Licenses And Permits, Taxes - Real Estate, Water, Trash Collection, Management, Insurance
  • Rent Control: No
  • Total Actual Rent: 43800.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13112261
  • Tax Annual Amount: 7999.00
  • Assessor Parcel Number: 0327545130 007
  • Tax Lot: 007
  • Tax Total Finished Sq Ft: 3960
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 11/09/2020

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Nov 10, 2020
Sold by
Hughes Alexandra M
Bought by
Joseph Priscilla and Priscilla Joseph Revocable Tru
Seller's Agent
Natalie Chamberlain
Taylor Properties
Buyer's Agent
Chris Yankosky
Corner House Realty
List Price
$499,900
Sold Price
$465,000
Premium/Discount to List
-$34,900
-6.98%
Current Estimated Value
$668,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,332
Avg. Annual Appreciation
6.55%
Source: Public Records

Range of Values:

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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
Joseph Priscilla $465,000 Masters Title & Escrow
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2020 11/09/20 Sold $465,000 -7.0% $117 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $499,900 0.0% $126 / Sq Ft
10/15/2020 10/15/20 Price Changed $499,900 -- $126 / 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 $10,734 $509,833 -- --
2024 $10,734 $457,000 $62,200 $394,800
2023 $9,823 $418,233 $0 $0
2022 $8,955 $379,467 $0 $0
2021 $8,041 $340,700 $62,200 $278,500
2020 $8,020 $339,833 $0 $0
2019 $7,962 $338,967 $0 $0
2018 $7,979 $338,100 $62,200 $275,900
2017 $7,813 $331,067 $0 $0
2016 $5,846 $324,033 $0 $0
2015 $5,846 $317,000 $0 $0
2014 $5,846 $317,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Natalie Chamberlain

    Seller's Agent in 2020

    Natalie Chamberlain

    Taylor Properties

    (410) 533-3362

    1 in this area

    29 Total Sales

    Natalie Chamberlain
    Section Image

  • G

    Seller Co-Listing Agent in 2020

    Glenn Watson

    Taylor Properties

    Section Image
  • Chris Yankosky

    Buyer's Agent in 2020

    Chris Yankosky

    Corner House Realty

    (410) 456-6110

    1 in this area

    175 Total Sales

    Chris Yankosky
    Section Image
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Map

Source: Bright MLS

MLS Number: MDBA524838

Bright MLS

APN: 5130-007

Maryland Baltimore City County Baltimore 21212 Chinquapin Park

509 E Lake Ave, Baltimore, MD

This home is located at 509 E Lake Ave, Baltimore, MD 21212 since 16 October 2020 and is currently estimated at $668,332, approximately $168 per square foot. This property was built in 1941. 509 E Lake Ave is a home located in Baltimore City with nearby schools including Booker T. Washington Middle School, Forest Park High School, and Paul Laurence Dunbar Community High School.

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