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$99,900

Beds
2
Baths
1.0
sq ft
Unknown

3 N Gorman Ave, Baltimore, MD 21223

3 N Gorman Ave

BALTIMORE, MD 21223

  • 14 days on market
Perfect investment property. Being conveyed tenant occupied with terms as follows: Leased since September 2023 with expiration date September 1, 2025 at the rate of $1,250 monthly. Professionally managed. Rental license expires June 8, 2025. Improvements in 2023: Entire home painted, all new LVT and w/s carpeting, updated kitchen with stainless appliances and white kitchen cabinets. Attractive solid block. Photos displayed were prior to tenants move in.

Details

Property type

Townhouse

Lot size

Unknown

Price per sq ft

Unknown

Year built

1920

Annual property taxes

$401

HOA

No

Price History

02/16/2025
Bright

Bright #MDBA2155034

Listed
$99,900
+25.66%
03/31/2023
Bright

Bright #MDBA2069404

Sold
$79,500
+106.49%
11/18/2021
Bright

Bright #MDBA2011760

Sold
$38,500

Schools & Community

Neighborhood: 

Penrose-Fayette Street Outreach

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

-$6,498
Asking price
$99,900
Closing costs (~8% of asking)
-$7,992
Est. remaining loan balance
-$98,406
Cash to seller
-$6,498

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

Seller’s Loan History

Lender

Rcn Capital Llc

Loan start date

October 2023

Original loan amount

$99,750

Est. remaining balance

$98,406

Interest rate

7.09%

Loan type

Not Provided, 30 year

Seller

3 Gorman Ave 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: 02/23/2025 at 7:55 PM

Listing updated: 02/17/2025 at 11:54 AM

Listed by: Brigitte S Williams, Cummings & Co. Realtors Phone #: (410) 823-0033

MLS: Bright #MDBA2155034

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