NOT LISTED FOR SALE

Estimated Value: $365,000 - $383,529

-- Bed
3 Baths
3,628 Sq Ft
$103/Sq Ft Est. Value

Last Sold August 26, 2024

Last sale price $365,000 $101 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,513/month

89 Days on Market

About This Home

As of August 2024

3 Blocks Away From University of Maryland, Whose Student Body of 6,300+ Graduate Students Creates High Demand for Housing. 600′ From University of Maryland BioTech Park, Employing Over 1,000 Highly Educated Professionals Seeking Housing Nearby Their Place of Employment. Opportunity to Increase Rents Through Apartment Upgrades. with Easy Commuting for Both Landlords and Tenants. A large two-bedroom, two-bath apartment encompasses the entire first floor. New hardwood floors throughout the living space, and full kitchen with 30′′ electric range, dishwasher, laminate counters and wood cabinets. Upstairs, the second and third floor each have a large studio apartment. Kitchenettes have laminate counters, wood cabinets, and either 20′′ gas or electric ranges. All bathrooms have modern vanities, steel showers or tubs with vinyl enclosure. This Hollins Market investment property is heated by a central Columbia gas-fired hot water boiler with radiator distribution. Tenants supply their own window air-conditioning units. Tandem gas-fired water heaters serve the apartments: 2023 Rheem 50-gallon and 2018 Rheem4 0-gallon. The landlord does pay for hot and cold water. The property has 2 gas meters and three electric meters, with 300-amp electrical service to the building. The landlord pays the electric for 4 of the 5 apartments. A utility bill-back system would increase cash flow, passing through utility charges to tenants. A copper water main prevents the worry for an expensive replacement in the future. All interior water supply lines are copper, and all interior drain lines are PVC. Martin Luther King Jr Boulevard provides access to most major connections for traveling in and around the Baltimore metro area. BWI Airport and Penn Station can both be accessed within a 20 minute drive. The B&O Railroad Museum, a popular tourist destination and event venue, is 3 blocks southwest.
The area’s close proximity to the BioPark and University of Maryland Graduate Schools ensures consistently high rental demand due to the ongoing expansion of educational facilities.

Last Agent to Sell the Property

Will Cannon

(410) 916-3331 wcannon3@gmail.com Ben Frederick Realty, Inc. Listed on: 04/29/2024

Co-Listed By

Cheryl Sadera

(410) 688-1348 cheryl@benfrederick.com Ben Frederick Realty, Inc. License #666796

Last Buyer's Agent

John Bailey

(781) 835-9036 john.bailey@longandfoster.com Cummings & Co. Realtors

Cummings & Co. Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,089

Year Built

  • Built in 1900

Lot Details

  • 1,440 Sq Ft Lot

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Stone Foundation

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • Hollins Market Subdivision

Listing and Financial Details

  • Tax Lot 038
  • Assessor Parcel Number 0318080237 038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,089

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: Tenant's possessions excluded
  • Inclusions: 5 ranges (1 gas, 4 electric); 5 refrigerators. 1 washer, 1 dryer
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Total Sq Ft: 4880
  • Living Area Sq Ft: 3628
  • Price Per Sq Ft: 106.12
  • Above Grade Finished Sq Ft: 3628
  • Below Grade Sq Ft: 1252
  • Total Below Grade Sq Ft: 1252
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1440.00
  • Zoning: R-8
  • Zoning Description: Licensed for 5 Dwelling Units.
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6089.00
  • Assessor Parcel Number: 0318080237 038
  • Tax Lot: 038
  • 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
Apr 29, 2024
Closed on
Aug 20, 2024
Sold by
869 Hollins Llc
Bought by
Kola Falobi Solo 401K Trust and Falobi
Seller's Agent
Will Cannon
Ben Frederick Realty, Inc.
Buyer's Agent
John Bailey
Cummings & Co. Realtors
List Price
$385,000
Sold Price
$365,000
Premium/Discount to List
-$20,000
-5.19%
Views
43
Current Estimated Value
$374,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,265
Avg. Annual Appreciation
2.01%

Purchase Details

Listed on
Aug 31, 2020
Closed on
Jul 8, 2020
Sold by
Chase Edmund R and Chase Barbara P
Bought by
869 Hollims Llc
Seller's Agent
Ben Frederick
Live BFR, LLC
Buyer's Agent
Brian DiNardo
Cummings & Co. Realtors
List Price
$350,000
Sold Price
$330,000
Premium/Discount to List
-$20,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.56%
Original Mortgage
$405,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 1992
Sold by
Zallar Ruth
Bought by
Chase Edmund R and Chase Barbara P
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
Kola Falobi Solo 401K Trust $365,000 Chicago Title
Kola Falobi Solo 401K Trust $365,000 Chicago Title
869 Hollims Llc $540,000 Broadview Title
Chase Edmund R $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 869 Hollims Llc $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2024 08/26/24 Sold $365,000 -5.2% $101 / Sq Ft
07/27/2024 07/27/24 Pending -- -- --
07/16/2024 07/16/24 For Sale $385,000 0.0% $106 / Sq Ft
06/14/2024 06/14/24 Off Market $385,000 -- --
04/29/2024 04/29/24 For Sale $385,000 +16.7% $106 / Sq Ft
08/31/2020 08/31/20 Sold $330,000 -5.7% $91 / Sq Ft View Prior Sale
08/31/2020 08/31/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $350,000 -- $96 / 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 $6,503 $295,733 -- --
2024 $6,503 $276,867 $0 $0
2023 $6,089 $258,000 $60,000 $198,000
2022 $5,899 $249,967 $0 $0
2021 $5,710 $241,933 $0 $0
2020 $5,520 $233,900 $60,000 $173,900
2019 $5,422 $230,833 $0 $0
2018 $5,375 $227,767 $0 $0
2017 $5,303 $224,700 $0 $0
2016 $5,689 $221,633 $0 $0
2015 $5,689 $218,567 $0 $0
2014 $5,689 $215,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2123468

Bright MLS

APN: 0237-038