tomo logo

$350,000

Beds
3
Baths
3.0
sq ft
1,582

412 N Washington St, Baltimore, MD 21231

412 N Washington St

BALTIMORE, MD 21231

  • Pending
CASH FLOW MACHINE! Phenomenal location literally next to Johns Hopkins medical campus. Remodeled into 3 private living spaces that are perfect for owner-occupant or investor. Easy to rent with strong rental demand from Hopkins med/grad students, researchers and nurses. Gross rents exceed $44k annually and net over $35k after expenses. Opportunity for rent increases given location and demand. Live in the property and have the tenants pay for the house. One off-street parking space reserved for property in the community parking lot. Seller has invested over $100k in permitted improvements since purchasing the home. Current zoning is C-2. Buyer to do due diligence about zoning codes. Potential grants up to $70k for 1st time home buyers. Call Song Hong, for more information.

Details

Property type

Townhouse

Est. home value

$273,004

Lot size

625 sq ft

Price per sq ft

$222

Year built

1984

Annual property taxes

$5,211

Monthly HOA fee

$13.75

Price History

10/30/2024
Bright

Bright #MDBA2139148

Pending
$350,000
09/10/2024
Bright

Bright #MDBA2139148

Listed
$350,000
+55.56%
05/31/2019
Bright

Bright #MDBA439548

Sold
$225,000
+45.91%

Schools & Community

Neighborhood: 

Middle East

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

$170,417
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$151,583
Cash to seller
$170,417

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

Seller’s Loan History

Lender

Howard Bank

Loan start date

June 2019

Original loan amount

$168,750

Est. remaining balance

$151,583

Interest rate

4.17%

Loan type

New Conventional, 30 year

Seller

Donna Chung

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: Pending/Under Contract

Tomo last checked: 11/09/2024 at 11:55 AM

Listing updated: 10/29/2024 at 8:44 PM

Listed by: Song M. Hong, Turn Key Homes Litmited Libability Phone #: (443) 847-2950

MLS: Bright #MDBA2139148

Bright logo

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