tomo logo

$160,000

Beds
2
Baths
1.0
sq ft
1,120

4847 Melbourne Rd, Baltimore, MD 21229

4847 Melbourne Rd

BALTIMORE, MD 21229

  • 67 days on market
    • Price drop $10,000↓
Welcome to your next real estate investment opportunity in the desirable Beechfield neighborhood! This cozy 2-bedroom, 1-bathroom home is not only a comfortable residence but also a fantastic income generator with a reliable paying tenant in occupancy. NEW ROOF INSTALLED 12/2023. Nestled in the heart of the sought-after Beechfield area, this property offers convenience and accessibility. Nearby parks, shopping, dining, and schools make it a perfect choice for both homeowners and investors. Buyer is responsible to verify any and all ground rent! TENANT CONVEYS WITH PROPERTY: A great advantage for investors, this property currently boasts a responsible tenant who is already contributing to your cash flow. No need to search for a tenant as there is already one in place on a reliable housing voucher program. Kitchen: The kitchen comes equipped with essential appliances and offers plenty of cabinet and counter space for all your culinary needs. Living and Dining Area: The open-concept living and dining area is perfect for gatherings and day-to-day living. It offers a warm and inviting atmosphere for both tenants and future homeowners. Outdoor Space: Enjoy outdoor living in the spacious backyard, perfect for barbecues, gardening, or simply relaxing on a sunny day. Investment Potential: This property offers excellent rental income potential in an area with strong demand. Whether you plan to continue leasing to the current tenant or explore new rental opportunities, this home is an investment you won't want to miss. This opportunity won't last long. Schedule a viewing today and explore the potential this property has to offer! Please TEXT listing agent (240-565-7498) to set up an appointment to see property. There is a tenant in place and needs to be notified ahead of time, thank you!

Details

Property type

Townhouse

Est. home value

$148,275

Lot size

1,742 sq ft

Price per sq ft

$143

Year built

1965

Annual property taxes

$2,828

HOA

No

Price History

11/14/2024
Bright

Bright #MDBA2142716

Price change
$160,000
-5.88%
10/18/2024
Bright

Bright #MDBA2142716

Listed
$170,000
+27.72%
01/26/2024
Bright

Bright #MDBA2099784

Sold
$133,100

Schools & Community

Neighborhood: 

Beechfield

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

$48,210
Asking price
$160,000
Closing costs (~8% of asking)
-$12,800
Est. remaining loan balance
-$98,990
Cash to seller
$48,210

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

Seller’s Loan History

Lender

Carrington Mortgage Services Llc

Loan start date

January 2024

Original loan amount

$99,825

Est. remaining balance

$98,990

Interest rate

7.03%

Loan type

New Conventional, 30 year

Seller

Saeed Jacob

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: 12/22/2024 at 3:35 PM

Listing updated: 11/14/2024 at 6:19 PM

Listed by: Ademola Akisanya, EXP Realty, LLC Phone #: (888) 860-7369

MLS: Bright #MDBA2142716

Bright logo

Recently listed in BALTIMORE

$249,900|3 bd|1.5 ba|Townhouse
$130,000|2 bd|1.0 ba|Townhouse
$499,995|6 bd|4.5 ba|House
$349,995|5 bd|4.5 ba|Townhouse
$149,900|3 bd|2.0 ba|Townhouse
$200,000|2 bd|1.5 ba|House
$159,900|2 bd|1.0 ba|Townhouse
$300,000|3 bd|3.0 ba|House
$235,000|4 bd|3.0 ba|Townhouse