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$380,423Estimated home value

Beds
3
Baths
3.5
sq ft
2,010

2208 E Fairmount Ave, Baltimore, MD 21231

2208 E Fairmount Ave

BALTIMORE, MD 21231

  • Sold On 8/21/2024
This immaculate three-bedroom end-of-unit townhouse boasts modern finishes and upgrades throughout, plus many years still left on its CHAP tax credit. This property has the flexibility to accommodate a variety of needs whether it's more bedrooms, office space, a gym, and more.   The first floor’s open floor plan provides enough space for a living area and dining area with an open kitchen featuring granite countertops, plenty of storage, and a large island with room for seating.  On the top floor, you’ll find two bedrooms and two full bathrooms, plus a third room suitable as a bedroom, office or gym.  The basement is fully finished with a full bathroom, plus a very large bonus storage space. The home is complete with two private outdoor spaces – a patio off of the kitchen and a private balcony attached to the primary suite.  Most recently used as a rental property, this townhome had a consistent and strong rental history with reliable tenants in place who took great care of the home for multiple years.  Whether you're looking to call this home or rent it out, either option would be suitable for the next owner.  As a bonus, this property still has many years left on its CHAP Tax Credit, which started in 2020. This credit is estimated to expire in June 2030. It is the purchaser's responsibility to verify this information.   Conveniently located in Butcher's Hill near the area's trendy restaurants like La Barrita and Marta, plus easy access to Johns Hopkins Hospital, the Inner Harbor, and I-83. Listing photos are virtually staged to help prospective buyers envision the possibilities of the space.

Details

Property type

Townhouse

Est. home value

$380,423

Lot size

0 sq ft

Price per sq ft

$212

Year built

1920

Annual property taxes

$7,663

HOA

No

Price History

08/19/2024
Bright

Bright #MDBA2129978

Sold
$425,000
07/11/2024
Bright

Bright #MDBA2129978

Pending
$425,000
07/01/2024
Bright

Bright #MDBA2129978

Listed
$425,000
+32.81%

Schools & Community

Neighborhood: 

Butcher's 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

$141,853
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$249,147
Cash to seller
$141,853

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

Seller’s Loan History

Lender

Nfm Inc

Loan start date

December 2020

Original loan amount

$272,000

Est. remaining balance

$249,147

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

John Refah Seniz

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: Off Market

Tomo last checked: 09/28/2024 at 8:35 PM

Listing updated: 09/23/2024 at 10:27 PM

Listed by: Katherine E Hommes, Next Step Realty Phone #: (443) 901-2200

MLS: Bright #MDBA2129978

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