NOT LISTED FOR SALE

5319 Eastern Ave Unit 302 Baltimore, MD 21224

Greektown Neighborhood

Estimated Value: $718,000

13 Beds
16 Baths
777 Sq Ft
$924/Sq Ft Est. Value

Last Sold December 06, 2024

Last sale price $1,155,000 $1,486 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $3,896/month

25 Days on Market

Highlights

  • No HOA
  • Multiple Balconies
  • Forced Air Heating and Cooling System

About This Home

As of December 2024

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, September 30, 2024. Live On Site Auction - Tuesday, October 1, 2024 at 11:00 AM. List price is opening bid only. $75,000 deposit in certified funds required in order to bid. Auction is for entire building - 7 Units total. 5319 Eastern Avenue comprises seven residential condominium units arranged predominantly as 2-bedroom and 1.5 bathroom units (six), with one 1-bedroom and 1.5 bath unit. The building is 100% occupied with $114,000 gross scheduled annual income at below market rental rates. Positioned opposite Johns Hopkins Bayview, near I-895 and I-95, and a short distance from the ports and Downtown Baltimore, making the location ideally situated for sourcing new tenants or reselling the units individually to owner-occupants as they go vacant. The project is also a few hundred feet from the brand-new Yard 56 development, providing a grocery store, gym and substantial amenities in the immediate area, in addition to those found all along Eastern Avenue, elsewhere in Greektown, Brewer’s Hill and Canton. The auction provides an opportunity to purchase an asset in a prime location, with substantial existing income, potential for increased rents, and several exit strategies.

Last Agent to Sell the Property

Charles Billig

(410) 296-8440 charles@ajbillig.com A.J. Billig & Company Listed on: 09/06/2024

Last Buyer's Agent

Carol Strasfeld

(301) 806-8871 carolstrasfeld@gmail.com Unrepresented Buyer Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,619

Year Built

  • Built in 2008

Lot Details

  • 777 Sq Ft Lot
  • Property is zoned R-7

Home Design

  • Vinyl Siding

Interior Spaces

  • 777 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

Parking

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

Additional Features

  • Multiple Balconies
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Greektown Subdivision

Listing and Financial Details

  • Tax Lot 010E
  • Assessor Parcel Number 0326016629C010E

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,619

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 2008
  • Automatically Close On Close Date: No
  • Special Features: Auction
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 777
  • Living Area Sq Ft: 777
  • Price Per Sq Ft: 965.25
  • Above Grade Finished Sq Ft: 777
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 13
  • Main Level Bedrooms: 1
  • Total Bathrooms: 16
  • Full Bathrooms: 7
  • Half Bathrooms: 9
  • Main Level Bathrooms: 4.00
  • Upper Level Bathrooms: 12
  • Upper Level Bathrooms: 6.00
  • Upper Level 2 Bathrooms: 6.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 3
  • Upper Level 2 Half Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • 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: Electric
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 777.00
  • Outdoor Living Structures: Balconies- Multiple
  • Zoning: R-7
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1619.00
  • Assessor Parcel Number: 0326016629C010E
  • Tax Lot: 010E
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Dec 5, 2024
Sold by
Td Properties 4 Llc
Bought by
5319 Eastern Llc
Seller's Agent
Charles Billig
A.J. Billig & Company
Buyer's Agent
Carol Strasfeld
Unrepresented Buyer Office
List Price
$750,000
Sold Price
$1,155,000
Premium/Discount to List
$405,000
54%
Views
25
Current Estimated Value
$718,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$437,000
Avg. Annual Appreciation
-36.14%
Original Mortgage
$808,500
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2024
Sold by
Fotinos James and Fotinos Maria
Bought by
Td Properties 4 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.87%
Mortgage Type
New Conventional
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
5319 Eastern Llc $1,155,000 Lakeside Title
5319 Eastern Llc $1,155,000 Lakeside Title
Td Properties 4 Llc $1,100,000 Rextar Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 5319 Eastern Llc $808,500
Previous Owner Td Properties 4 Llc $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2024 12/06/24 Sold $1,155,000 +54.0% $1,486 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $750,000 0.0% $965 / Sq Ft
09/17/2020 09/17/20 Rented $1,300 0.0% --
09/07/2020 09/07/20 For Rent $1,300 -- --
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 $1,611 $69,900 $17,400 $52,500
2024 $1,611 $68,600 $0 $0
2023 $1,581 $67,300 $0 $0
2022 $1,558 $66,000 $16,500 $49,500
2021 $1,558 $66,000 $16,500 $49,500
2020 $1,558 $66,000 $16,500 $49,500
2019 $1,550 $66,000 $16,500 $49,500
2018 $1,558 $66,000 $16,500 $49,500
2017 $1,558 $66,000 $0 $0
2016 $2,203 $75,000 $0 $0
2015 $2,203 $93,000 $0 $0
2014 $2,203 $93,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2138664

Bright MLS

APN: 6629C-010E