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$125,000

Beds
Unknown
sq ft
864

642 Melvin Dr, Baltimore, MD 21230

642 Melvin Dr

BALTIMORE, MD 21230

  • 27 days on market
Excellent opportunity for an investor to rehab a home in the sought after Ridgley's Delight neighborhood of Baltimore. This home is well positioned next to University of Maryland Medical and Graduate campuses as well as walking access to downtown and stadiums. Bring your ideas and have this home ready for the Spring market!

Details

Property type

Townhouse

Est. home value

$108,551

Lot size

435.6 sq ft

Price per sq ft

$145

Year built

1900

Annual property taxes

$1,562

HOA

No

Price History

10/24/2024
Bright

Bright #MDBA2135682

Listed
$125,000
+89.01%
06/28/2016
Bright

Bright #1001133693

Sold
$66,134

Schools & Community

Neighborhood: 

Ridgely Delight

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

-$40,473
Asking price
$125,000
Closing costs (~8% of asking)
-$10,000
Est. remaining loan balance
-$155,473
Cash to seller
-$40,473

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

July 2007

Original loan amount

$185,000

Est. remaining balance

$155,473

Interest rate

6.74%

Loan type

Not Provided, 40 year

Seller

Starr Jefferson

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: 11/19/2024 at 5:20 PM

Listing updated: 10/24/2024 at 2:14 PM

Listed by: Ashley Aitken, City Chic Real Estate Phone #: (202) 499-4284

MLS: Bright #MDBA2135682

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