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$450,000

Beds
9
Baths
5.0
sq ft
4,746

2617 E Fayette St, Baltimore, MD 21224

2617 E Fayette St

BALTIMORE, MD 21224

  • 48 days on market
Great opportunity to live in one unit and rent the others to cover your mortgage! The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units, and 2617 is the bottom floor of both units. Building 2615 is a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. Building 2617 was previously used as commercial space, and has 2 adjoining bedrooms/offices, 1 bathroom, a full kitchen, and a large open space. So, there is plenty of opportunity to reconfigure as needed for either commercial or residential use, it could possibly be divided into two spaces, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease expires September 2025. The roof across all three buildings were done 3 years ago, the furnace in 2619 replaced 3 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced last year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. The listing price is $150K/building, which is a great value for the area. Buyer to verify potential use. Live in one unit and supplement your mortgage with the others! The possibilities with this unique property are endless.

Details

Property type

Townhouse

Est. home value

$391,168

Lot size

3,087 sq ft

Price per sq ft

$95

Year built

1900

Annual property taxes

$5,172

HOA

No

Price History

10/05/2024
Bright

Bright #MDBA2117766

Removed
$375,000
-16.67%
10/05/2024
Bright

Bright #MDBA2142346

Listed
$450,000
+20%
09/25/2024
Bright

Bright #MDBA2117766

Price change
$375,000
-24.85%

Schools & Community

Neighborhood: 

Patterson 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

$401,602
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$12,398
Cash to seller
$401,602

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

Seller’s Loan History

Lender

Planet Home Lending Llc

Loan start date

November 2022

Original loan amount

$12,729

Est. remaining balance

$12,398

Interest rate

6.7%

Loan type

FHA, 28 year

Seller

Christian Czaniecki and Morgan Lee Linforth

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: 11/22/2024 at 10:50 AM

Listing updated: 11/14/2024 at 3:04 PM

Listed by: Saul Kloper, EXIT On The Harbor Realty Phone #: (410) 919-9660

MLS: Bright #MDBA2142346

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