tomo logo

$419,900

Beds
7
Baths
4.0
sq ft
Unknown

1708 Madison Ave, Baltimore, MD 21217

1708 Madison Ave

BALTIMORE, MD 21217

  • 7 days on market
Legally zoned 3 unit with 2 of the 2BR units rented- total rented now of $2590mo. The 3rd unit is vacant; perfect for someone who wants to live in the property or rent out the 3rd unit which is a 3BR 2BA for $1200mo. When all 3 are rented total income will be $3790mo. And taxes are very low at only $1656. Seller will review all offers Friday January 31 at noon. Seller reserves the right to accept an acceptable contract before then. All 3 units are beautifully renovated with washer/dryer in each unit, Central air, 11ft ceilings, massive BRs, granite countertops in each unit, stainless steel appliances,and pets allows. There is public transit within walking distance and close to MICA, BioPark, U of Baltimore, Penn Station. There is one parking space in the back. Seller requests buyer look at vacant unit first before setting appointment to get into the other units. Buyer to pay of closings costs, including all transferred docs and stamps. Property sold strictly as is, but in very good condition.

Details

Property type

Townhouse

Lot size

Unknown

Price per sq ft

Unknown

Year built

1920

Annual property taxes

$1,657

HOA

No

Price History

01/23/2025
Bright

Bright #MDBA2153624

Listed
$419,900
+252.86%
03/08/2021
Bright

Bright #MDBA539078

Sold
$119,000

Schools & Community

Neighborhood: 

Madison Park

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

$113,301
Asking price
$419,900
Closing costs (~8% of asking)
-$33,592
Est. remaining loan balance
-$273,007
Cash to seller
$113,301

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

Seller’s Loan History

Lender

Sprout Mortgage Llc

Loan start date

December 2021

Original loan amount

$292,500

Est. remaining balance

$273,007

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Hathaway Enterprise Llc

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: 01/31/2025 at 1:45 AM

Listing updated: 01/28/2025 at 9:34 AM

Listed by: Cathy London, Future Realty, Inc. Phone #: (410) 531-5876

MLS: Bright #MDBA2153624

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