NOT LISTED FOR SALE

816 Park Ave Baltimore, MD 21201

Mount Vernon Neighborhood
Studio
1 Bath
-- Sq Ft
3,872 Sq Ft Lot

Last Sold November 15, 2012

Last sale price $530,000

66 Days on Market

Highlights

  • 20 Car Detached Garage
  • Central Heating
  • 3-minute walk to Mount Vernon Place

About This Home

As of November 2012

816 Park Avenue presents an opportunity for an investor to acquire an 11-unit apartment complex in the historic Mount Vernon Cultural District in Baltimore City, MD. Located just 10 blocks from the Inner Harbor, Mount Vernon serves as the cultural center of Baltimore and is home to a diverse group of residents and businesses. The subject property is a three story brick townhouse with steel fire

Last Agent to Sell the Property

David Feldman

mdereggi@marcusmillichap.com Marcus & Millichap Inv Svcs Of Wash Dc, Inc Listed on: 07/31/2012

Last Buyer's Agent

Payton Banks

payton.banks@marcusmillichap.com Marcus & Millichap Inv Svcs Of Wash Dc, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 3,872

Parking

  • 20 Car Detached Garage
  • On-Street Parking

Home Design

  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Natural Gas Water Heater
  • Public Septic

Additional Features

  • Rear Basement Entry
  • 3,872 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 014
  • Assessor Parcel Number 0311090509 014

Community Details

Overview

  • Property has a Home Owners Association
  • 11 Units

Building Details

  • Operating Expense $32,306
  • Net Operating Income $47,949

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Parking

20

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Rear Entrance, Fully Finished

Exterior Features

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

Garage/Parking

  • Garage Spaces: 20.00
  • Garage: Yes
  • Parking Features: Garage
  • Number Of Detached Garage Spaces: 20
  • Total Garage And Parking Spaces: 20
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 507700.00
  • Land Assessed Value: 116100.00
  • Lot Size Acres: 0.09
  • Lot Size Area: 3872
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3872.00
  • Zoning: 0Y030
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12948009
  • Tax Annual Amount: 14846.44
  • Assessor Parcel Number: 0311090509 014
  • Tax Lot: 014
  • Tax Year: 2011

Multi Family

  • Gross Income: 84000.00
  • Metering: Fully Separate
  • Operating Expense: 32306.00
  • Vacancy Allowance Rate: 27.00

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
11/15/2012 11/15/12 Sold $530,000 +62252.9% --
10/05/2012 10/05/12 Pending -- -- --
08/20/2012 08/20/12 Rented $850 -99.9% --
08/20/2012 08/20/12 Under Contract -- -- --
07/31/2012 07/31/12 For Sale $710,000 0.0% --
01/23/2012 01/23/12 For Rent $850 -- --
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 $23,468 $1,030,400 $116,100 $914,300
2024 $23,468 $999,167 -- --
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    David Feldman

    Marcus & Millichap Inv Svcs Of Wash Dc, Inc

  • Melissa Marsden

    Seller's Agent in 2012

    Melissa Marsden

    Hoffman Real Estate Group, LLC

    (410) 923-6666

    12 Total Sales

    Melissa Marsden
    Section Image
  • Franklin Morgan

    Buyer's Agent in 2012

    Franklin Morgan

    Century 21 Downtown

    (410) 350-9864

    12 Total Sales

    Franklin Morgan
    Section Image

  • P

    Buyer's Agent in 2012

    Payton Banks

    Marcus & Millichap Inv Svcs Of Wash Dc, Inc

See All Agents

Map

Source: Bright MLS

MLS Number: 1004098330

Bright MLS
Maryland Baltimore City County Baltimore 21201 Mount Vernon

816 Park Ave, Baltimore, MD

Not Listed for Sale

MultiFamily

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