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$110,000

Beds
2
Baths
1.0
sq ft
960

429 N Rose St, Baltimore, MD 21224

429 N Rose St

BALTIMORE, MD 21224

  • 45 days on market
Excellent Investment Opportunity Awaits! Welcome to 429 N Rose Street, a wonderful updated 2 bedroom 1 bath home in vibrant McElderry Park ! This is a long-time tenant occupied Property with impressive income potential, currently generating $12,732 in annual revenue. The in-place tenant wishes to stay on and is currently paying $1,061 monthly. Access for showings are based on friendly tenants schedule usually within 24-48 hours- but will do best to accommodate. This home has had a recent comprehensive renovation with a newer HVAC system, roof, kitchen, and updated bath on 3 levels which offers many charming architectural details. There is ample storage space in the basement which has a laundry and rear entry to the back yard and could be finished off for additional living space. The backyard features a fenced area. The location offers ease of convenience to major travel routes and downtown at an excellent price point. Buyer is responsible for verifying ground rent. This property is ideal for those seeking a solid investment opportunity in a great location! First time home buyer can get up to 70k in grant money. Ask song hong.

Details

Property type

Townhouse

Est. home value

$96,211

Lot size

2,178 sq ft

Price per sq ft

$115

Year built

1900

Annual property taxes

$1,956

HOA

No

Price History

10/08/2024
Bright

Bright #MDBA2141796

Listed
$110,000
-4.35%
10/01/2024
Bright

Bright #MDBA2127942

Removed
$115,000
06/04/2024
Bright

Bright #MDBA2127942

Listed
$115,000
+43.75%

Schools & Community

Neighborhood: 

McElderry 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

$41,679
Asking price
$110,000
Closing costs (~8% of asking)
-$8,800
Est. remaining loan balance
-$59,521
Cash to seller
$41,679

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

Seller’s Loan History

Lender

Cmg Mortgage Inc

Loan start date

August 2021

Original loan amount

$64,000

Est. remaining balance

$59,521

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Eric Leung

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 6:35 AM

Listing updated: 10/08/2024 at 8:26 PM

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

MLS: Bright #MDBA2141796

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