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$210,000

Beds
4
Baths
2.0
sq ft
1,427

5950 Glen Falls Ave, Baltimore, MD 21206

5950 Glen Falls Ave

BALTIMORE, MD 21206

  • 122 days on market
    • Price drop $10,000↓
*ATTENTION* The photos are before the tenant moved in. The tenant maintains a beautiful home. This exceptional 4-bedroom, 2-full bath, porch-front home presents a lucrative investment opportunity! The current tenant moved in 2022 and wishes to continue renting. Section 8 covers $1,525 per month, with the tenant contributing $308 per month. Extensive renovations were completed in 2022, enhancing the property's value. The home features a spacious eat-in kitchen, a formal dining room, and three generously sized bedrooms on the upper level along with a full bath. The lower level offers another spacious bedroom, a finished basement perfect for entertaining or unwinding while watching a movie, and an additional full bathroom. There is potential to create an in-law apartment on this level. A separate room houses a washer and dryer for convenience. Outside, the backyard includes a parking pad. To respect the tenant's privacy, showings require a 24-hour notice. Access will be granted once the appointment is approved.

Details

Property type

Townhouse

Est. home value

$136,151

Lot size

Unknown

Price per sq ft

$148

Year built

1948

Annual property taxes

$2,656

HOA

No

Price History

03/01/2024

Bright #MDBA2111458

Listed
$210,000
+162.5%
02/22/2021

Bright #MDBA536706

Sold
$80,000

Schools & Community

Neighborhood: 

Glenham-Belford

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

$134,069
Asking price
$210,000
Closing costs (~8% of asking)
-$16,800
Est. remaining loan balance
-$59,131
Cash to seller
$134,069

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

Seller’s Loan History

Lender

American Neighborhood Mtg Acceptance Co

Loan start date

February 2021

Original loan amount

$64,000

Est. remaining balance

$59,131

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Raymond Cottoy

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: 07/01/2024 at 2:15 PM

Listing updated: 05/11/2024 at 7:06 AM

Listed by: Constance M White-Lewis, ExecuHome Realty Phone #: (443) 757-3400

MLS: Bright #MDBA2111458

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