NOT LISTED FOR SALE

Estimated Value: $494,528

Studio
4 Baths
2,968 Sq Ft
$167/Sq Ft Est. Value

Sale Details

Date Sold: October 10, 2023

Last sale price $419,000 $141 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,307 / mo

2 Days on Market

Highlights

  • Victorian Architecture
  • Window Unit Cooling System
  • Radiator

About This Home

As of October 2023

A rare well-maintained 3 unit gem in Homeland! One of only three multifamily properties to go on the market in Homeland in the last 10 years! Property includes two 2bd/2ba units and one 1bd/1ba unit. Long-term tenants with under-market leases. Units include hardwood floors, original charm, laminate countertops, tile bathrooms and spacious layouts. Laundry located in the basement with storage for all units. Property has been well-cared for and within the same family for over 30 years. Central boiler was recently replaced. Separate meters for gas and electric for all units. Large rear yard and bonus lot that is has subdivision potential. Property is oozing with potential and cash flow can be improved by raising rental rates to market rate, installing a water reimbursement program, upgrading kitchens and bathrooms, adding central air and adding laundry to all units. Potential for a 10%+ cap rate, which is unheard of in this market. Perfect for a savvy investor or owner-occupant. Truly a once-in-a-lifetime opportunity for this neighborhood. Access by open house only, Saturday September 16th from 11am-2pm. Sold strictly as-is. All information is deemed to be accurate, however, buyer should verify.

Last Agent to Sell the Property

Ben Garner

(410) 823-0033 realtor@cummingsrealtors.com Cummings & Co. Realtors Listed on: 09/14/2023

Cummings & Co. Realtors

Last Buyer's Agent

Paul Jakubowski

(443) 827-2070 bvpsinc@gmail.com Best Value Realty, Inc. License #658677

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,085

Year Built

  • Built in 1900

Lot Details

  • 16,422 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Victorian Architecture
  • Block Foundation

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Oil
  • Natural Gas Water Heater
  • Public Septic

Additional Features

  • Unfinished Basement

Community Details

  • 3 Units
  • Homeland Historic District Subdivision

Listing and Financial Details

  • Tax Lot 008
  • Assessor Parcel Number 0327114983E008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,085

Year Built

Built in 1900

Lot Details

0.38 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-09-14
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 4386
  • Living Area Sq Ft: 2968
  • Price Per Sq Ft: 134.43
  • Above Grade Finished Sq Ft: 2968
  • Below Grade Sq Ft: 1418
  • Total Below Grade Sq Ft: 1418
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • 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
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.38
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16422.00
  • Zoning: R-1-E
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7085.00
  • Assessor Parcel Number: 0327114983E008
  • Tax Lot: 008
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Oct 11, 2023
Sold by
Bought by
Seller's Agent
Ben Garner
Cummings & Co. Realtors
Buyer's Agent
Paul Jakubowski
Best Value Realty, Inc.
List Price
$399,000
Sold Price
$419,000
Premium/Discount to List
$20,000
5.01%
Views
50
Current Estimated Value
$494,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,528
Avg. Annual Appreciation
6.05%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$419,000 Lakeside Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $385,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/10/2023 10/10/23 Sold $419,000 +5.0% $141 / Sq Ft
09/14/2023 09/14/23 For Sale $399,000 -- $134 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,197 $349,000 $104,300 $244,700
2024 $8,197 $349,000 $104,300 $244,700
2023 $7,624 $324,600 $0 $0
2022 $7,085 $300,200 $0 $0
2021 $6,509 $275,800 $104,300 $171,500
2020 $6,509 $275,800 $104,300 $171,500
2019 $6,478 $275,800 $104,300 $171,500
2018 $7,668 $324,900 $104,300 $220,600
2017 $7,451 $315,700 $0 $0
2016 -- $306,500 $0 $0
2015 -- $297,300 $0 $0
2014 -- $297,100 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: MDBA2098402

Bright MLS

APN: 4983E-008

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