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$130,000

Beds
2
Baths
1.5
sq ft
1,234

5019 Belair Rd, Baltimore, MD 21206

5019 Belair Rd

BALTIMORE, MD 21206

  • 31 days on market
This property has so much to offer and so many options for use! The perfect opportunity to own a business and live upstairs, or use the home as a single family and/or investment property to rent one and use the other to pay no mortgage, or rent them both as multi residential, single family or mixed use commercial and residential! The electric is separately metered and each floor has it's own water heater. The first floor was last used as a hair salon so there is electric both low and mid on the wall all the way down and plumbing for 2 sinks in the back (or kitchen, or 3rd bathroom, depending how you want to use it. The back yard has a brand new privacy fence and the front door leads out to the strip of shopping, restaurants and bus stops. Zoned R7, Buyer to verify the use they want with the city for zoning & U&O, Seller rented out as a beauty salon on main floor (with finished basement) and residential apartment on top. Set up for 2 kitchens, 1 kitchen installed, one, sink installed with plumbing for additional sinks, bathrooms, dishwasher etc,. Seller is installing BRAND NEW HVAC (A/C condenser and furnace) for the main and lower level ducts. Upstairs is separate on baseboard heating. Don't miss out!

Details

Property type

Townhouse

Est. home value

$165,301

Lot size

6,534 sq ft

Price per sq ft

$106

Year built

1929

Annual property taxes

$2,084

HOA

No

Price History

11/21/2024
Bright

Bright #MDBA2147556

Listed
$130,000
-25.71%
10/24/2024
Bright

Bright #MDBA2140840

Removed
$175,000
09/24/2024
Bright

Bright #MDBA2140840

Listed
$175,000
-10.26%

Schools & Community

Neighborhood: 

Frankford

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

-$32,898
Asking price
$130,000
Closing costs (~8% of asking)
-$10,400
Est. remaining loan balance
-$152,498
Cash to seller
-$32,898

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

Seller’s Loan History

Lender

Cherry Creek Mortgage Co Inc

Loan start date

October 2022

Original loan amount

$157,102

Est. remaining balance

$152,498

Interest rate

5.66%

Loan type

FHA, 30 year

Seller

Davon Williams

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 11:35 AM

Listing updated: 12/14/2024 at 1:49 PM

Listed by: Kevin Kareem Thompson, Coldwell Banker Realty Phone #: (410) 823-2323

MLS: Bright #MDBA2147556

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