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$515,000

Beds
4
Baths
3.5
sq ft
2,344

1206 S Charles St, Baltimore, MD 21230

1206 S Charles St

BALTIMORE, MD 21230

  • 30 days on market
    • Open house Sep 28
Prime 4-story Fed Hill CHAP Tax Credit property, saving you thousands for approximately 4 more years! (Tax bill for 24'/25' less the credit is $3,901, saving approximately $562/month, $6,744/annually or $26,000+ over the next 4 years.) 15-ft wide home with an open main level, equipped with stunning walnut hardwood floors, powder room, large dining area, and quartz waterfall island in the kitchen. 2 bedrooms on the 2nd level, each with ensuite bathrooms. Laundry in hallway. Massive primary suite in the rear of the home with multiple closets and recently retiled bath. Bedroom or second living area on 3rd floor with access to recently stained rooftop deck with stadium views. Parking for 1 car in the rear of the home and easy street parking otherwise. Fully finished basement, equipped with a kitchenette and the 3rd full bath. Use it yourself or house hack and generate income by renting it out! (Was previously rented out for $1,200/month.) Fantastic opportunity no matter the buyer, don't miss out!

Details

Property type

Townhouse

Est. home value

$516,503

Lot size

Unknown

Price per sq ft

$220

Year built

1900

Annual property taxes

$10,645

HOA

No

Price History

09/05/2024
Bright

Bright #MDBA2137784

Listed
$515,000
+5.1%
06/03/2022
Bright

Bright #MDBA2040386

Sold
$490,000
+8.89%
04/30/2018
Bright

Bright #1004231223

Sold
$450,000

Schools & Community

Neighborhood: 

Federal Hill

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

BALTIMORE CITY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$47,909
Asking price
$515,000
Closing costs (~8% of asking)
-$41,200
Est. remaining loan balance
-$425,891
Cash to seller
$47,909

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

June 2022

Original loan amount

$441,000

Est. remaining balance

$425,891

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Jonas Asner

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/27/2024 at 8:20 PM

Listing updated: 09/26/2024 at 2:36 AM

Listed by: Ashton L Drummond, Cummings & Co. Realtors Phone #: (410) 823-0033

MLS: Bright #MDBA2137784

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