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$530,000

Beds
3
Baths
3.5
sq ft
2,124

1340 E Fort Ave, Baltimore, MD 21230

1340 E Fort Ave

BALTIMORE, MD 21230

  • 34 days on market
    • Price drop $15,000↓
Welcome to your dream home in the heart of lovely Locust Point! This recently renovated, 13+ ft wide CHAP TAX CREDIT property with oversized, easy off-street PARKING PAD offers exceptional features and modern upgrades throughout. As you step inside, you'll be greeted by glistening hardwood floors that flow through the entire home. The designer chef's kitchen is a culinary delight, featuring custom cabinetry, imported tile, granite countertops, a pot-filler above the stove, a range hood and high-end stainless steel appliances. The spacious home is bathed in natural light, highlighting the exposed brick and high ceilings. The Primary Bedroom Suite features a large closet, recessed lights, a modern ceiling fan, hardwood floors and a spa-like attached Primary Bathroom with granite double vanity and a big tiled walk-in shower with rain faucet. The rest of the upper level features a large 2nd Bedroom with exposed brick and trey ceiling, a full Bathroom with a tub-shower combo, the Laundry Closet and access to the amazing expansive roof deck where you can relax with a cup of coffee in the morning and enjoy the wonderful City and Harbor views or entertain guests in style. The fully finished lower level provides additional living space, the 3rd full Bathroom with a tub-shower combo and ample storage opportunities. Very conveniently located to nearby retail shopping, local dining, Latrobe Park, Fort McHenry, the Inner Harbor and major highways - this home provides both comfort and convenience. Recent Improvements Include: New Light Fixtures throughout; New Mirrors in each Bathroom; New Ceiling Fans; 240v/30amp Outlet/Charger Port by Parking Pad for an Electric Vehicle. Don’t miss out on this incredible opportunity to own a beautifully renovated home in the vibrant Locust Point neighborhood all while benefiting from lower property taxes over the next 8 years due to the CHAP tax credit.

Details

Property type

Townhouse

Est. home value

$563,748

Lot size

1,040 sq ft

Price per sq ft

$250

Year built

1880

Annual property taxes

$3,378.44

HOA

No

Price History

06/17/2024

Bright #MDBA2126752

Price change
$530,000
-2.75%
05/28/2024

Bright #MDBA2126752

Listed
$545,000
+1.3%
02/15/2023

Bright #MDBA2065734

Sold
$538,000

Schools & Community

Neighborhood: 

Locust Point

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

$272,307
Asking price
$530,000
Closing costs (~8% of asking)
-$42,400
Est. remaining loan balance
-$215,293
Cash to seller
$272,307

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

Seller’s Loan History

Lender

Newrez Llc

Loan start date

February 2023

Original loan amount

$240,000

Est. remaining balance

$215,293

Interest rate

5.68%

Loan type

New Conventional, 10 year

Seller

Yumeng Wen and Xin Wei

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: 06/29/2024 at 7:25 AM

Listing updated: 06/20/2024 at 9:03 AM

Listed by: Benjamin D McGann, Berkshire Hathaway HomeServices PenFed Realty Phone #: (410) 515-5300

MLS: Bright #MDBA2126752

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