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$575,000

Beds
8
Baths
5.0
sq ft
6,937

605 Upland Rd, Pikesville, MD 21208

605 Upland Rd

PIKESVILLE, MD 21208

  • 134 days on market
Here is your opportunity to own a piece of history! This Historic home was built by prominent business owner T. Rowe Price and is located in the Historic District of Sudbrook Park. Eligible for Local, State and Federal Historic Tax Credits up to $800,000 or more! HUGE VALUE IN JUST THE TAX CREDITS ALONE! Currently, this home is a zoned residential 5-unit building. Some great features are high ceilings, fireplaces, hardwood floors, and detached garages with storage for all 5 units. Any and all work will need to be approved by the local Historic Society as this neighborhood preserves all of the grandeur of its historic past. Exterior is in disrepair, but interior shows very well. This home sits on over 2 acres on a secluded corner lot with 2 separate entrances. With over 10,000 sq. ft., vast grounds with stately trees in a park-like setting, this home and property could be a great assisted living/rehab facility or company retreat. Or convert it back to its original splendor as a single family home. WOW! Home being sold As-Is but Seller has plans/drawings for the 5 -unit layout , with each unit consisting of 3 bedrooms and 2 full baths. And Seller can provide pricing breakdown of renovation costs. Also, he can assist in the renovation as a General Contractor, if needed. This is a one-of-a-kind home in a fantastic neighborhood and is close to everything. Don't let this great income opportunity pass you by to own a piece of history and use the Historic Tax Credits to pay for most, if not all, of your renovation costs. WOW!

Details

Property type

Single Family Residence

Est. home value

$415,327

Property condition

Fixer

Lot size

2.05 acres

Price per sq ft

$83

Year built

1896

Annual property taxes

$5,579

HOA

No

Price History

08/10/2024
Bright

Bright #MDBC2101826

Price change
$575,000
+9.52%
07/22/2024
Bright

Bright #MDBC2101826

Price change
$525,000
+7.14%
07/11/2024
Bright

Bright #MDBC2101826

Listed
$490,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

BALTIMORE COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Block M Investments Llc

Loan start date

April 2023

Original loan amount

$350,000

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Purchase Money Mortgage

Seller

Mac 2 Llc

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 3:20 PM

Listing updated: 10/03/2024 at 11:16 AM

Listed by: John K Keller, Blue Star Real Estate, LLC Phone #: (410) 276-7827

MLS: Bright #MDBC2101826

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