NOT LISTED FOR SALE
-- Bed
-- Bath
6,112 Sq Ft
7,598 Sq Ft Lot

Last Sold February 25, 2015

Last sale price $385,000 $63 Per Sq Ft

309 Days on Market

Highlights

  • No HOA
  • Entry Slope Less Than 1 Foot
  • Baseboard Heating
  • 2 Car Attached Garage
  • Zoned Heating and Cooling System

About This Home

As of February 2015

Truly Unique Property WITH A 15% CAP RATE!!!!!! Truly Unbelievable Investment!! This Detached Building Has A Combination Of Retail Efficiencies 1 Bed Room & Garage Storage 8 Of 10 Units Rented Property Has More Income Potential With Retail Space Available And Storage Located On Busy 4 Lane Street Bel Air Road Owner Would Consider Possible Owner Financing Buyers Must Be Prequalified

Last Agent to Sell the Property

Jon Stavrinos

(410) 967-9003 jon@cresmd.com Commercial Real Estate Services of Maryland Listed on: 12/03/2013

Last Buyer's Agent

Irene Tang

(410) 245-6218 irene.tang@longandfoster.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,815

Year Built

  • Built in 1946

Lot Details

  • 7,598

Parking

  • 2 Car Attached Garage
  • On-Site Parking for Rent
  • Off-Site Parking

Home Design

  • Brick Exterior Construction
  • Stone Siding

Partially Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Front, Rear, and Side Basement Entry

Utilities

  • Window Unit Cooling System
  • Zoned Heating and Cooling System
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Entry Slope Less Than 1 Foot
  • 7,598 Sq Ft Lot

Listing and Financial Details

  • The owner pays for real estate taxes, all utilities, insurance, accounting/legal, repairs
  • Tax Lot 005
  • Assessor Parcel Number 0326235711A005

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Operating Expense $14,535
  • Net Operating Income $60,765

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,815

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Accessibility Features: Entry Slope <1'
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Rear Entrance, Side Entrance, Front Entrance, Full, Partially Finished, Partial, Improved, Heated, Walkout Level
  • Price Per Sq Ft: 64.63

Exterior Features

  • Construction Materials: Brick, Concrete, Stone
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage, On-Site - Rent
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Site, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Fuel: Oil, Natural Gas Available
  • Heating Type: Zoned, Baseboard, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 7598
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7598.00
  • Zoning: 2-2
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Taxes - Real Estate, All Utilities, Insurance, Accounting/Legal, Repairs
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5815.04
  • Assessor Parcel Number: 0326235711A005
  • Tax Lot: 005
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013

Multi Family

  • Gross Income: 75300.00
  • Metering: Fully Separate
  • Operating Expense: 14535.00
  • Vacancy Allowance Rate: 20.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2013
Closed on
Feb 25, 2015
Sold by
Cromwell Stephen Gerald and Cromwell Suzanne Broyles
Bought by
Lucky Property Management Llc
Seller's Agent
Jon Stavrinos
Commercial Real Estate Services of Maryland
Buyer's Agent
Irene Tang
Long & Foster Real Estate, Inc.
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$577,500
Interest Rate
3.67%

Purchase Details

Closed on
Dec 1, 2003
Sold by
Schaefer Michael L
Bought by
Cromwell Stephen B and Hannon Suzanne B
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lucky Property Management Llc $770,000 Sage Title Group Llc
Cromwell Stephen B $209,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lucky Property Management Llc $577,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2015 02/25/15 Sold $385,000 -2.5% $63 / Sq Ft
10/08/2014 10/08/14 Pending -- -- --
12/03/2013 12/03/13 For Sale $395,000 -- $65 / 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 $8,094 $347,933 -- --
2024 $8,094 $344,600 $91,100 $253,500
2023 $8,094 $344,600 $91,100 $253,500
2022 $8,133 $344,600 $91,100 $253,500
2021 $9,258 $392,300 $91,100 $301,200
2020 $9,258 $392,300 $91,100 $301,200
2019 $9,214 $392,300 $91,100 $301,200
2018 $10,703 $453,500 $91,100 $362,400
2017 $9,542 $404,333 $0 $0
2016 $5,109 $355,167 $0 $0
2015 $5,109 $306,000 $0 $0
2014 $5,109 $276,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003779380

Bright MLS

APN: 5711A-005