NOT LISTED FOR SALE

5319 Eastern Ave Baltimore, MD 21224

Greektown Neighborhood
-- Bed
-- Bath
884 Sq Ft
884 Sq Ft Lot

Last Sold December 06, 2024

Last sale price $1,155,000 $1,307 Per Sq Ft

25 Days on Market

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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,842

Year Built

  • Built in 2008

Lot Details

  • 884

Home Design

  • 884 Sq Ft Home
  • Vinyl Siding

Parking

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

Additional Features

  • Balcony
  • 884 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 010C
  • Assessor Parcel Number 0326016629C010C

Community Details

Overview

  • 4 Units
  • Greektown Subdivision

Building Details

  • Income includes apartment rentals
  • Net Operating Income $91,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,842

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2008
  • Special Features: Auction
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 884
  • Living Area Sq Ft: 884
  • Price Per Sq Ft: 848.42
  • Above Grade Finished Sq Ft: 884
  • Above Grade Finished Area Units: Square Feet

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 884.00
  • Outdoor Living Structures: Balcony
  • Zoning: R-7
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 114000.00
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1842.00
  • Assessor Parcel Number: 0326016629C010C
  • Tax Lot: 010C
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

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

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2024 12/06/24 Sold $1,155,000 +54.0% $1,307 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $750,000 -- $848 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Charles Billig

    Seller's Agent in 2024

    Charles Billig

    A.J. Billig & Company

    (410) 296-8440

    3 in this area

    511 Total Sales

    Charles Billig
    Section Image
  • Carol Strasfeld

    Buyer's Agent in 2024

    Carol Strasfeld

    Unrepresented Buyer Office

    (301) 806-8871

    10 in this area

    8,952 Total Sales

    Carol Strasfeld
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA2138614

Bright MLS
Maryland Baltimore City County Baltimore 21224 Greektown

5319 Eastern Ave, Baltimore, MD

Not Listed for Sale

MultiFamily

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