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$195,000

Beds
3
Baths
2.0
sq ft
1,360

962 N Franklintown Rd, Baltimore, MD 21216

962 N Franklintown Rd

BALTIMORE, MD 21216

  • 63 days on market
INVESTOR ALERT: Welcome into the next crown jewel in your portfolio. Not only was 962 N Franklintown completely renovated from top to bottom in the last 5 years, but it is tenant-occupied, current on all payments, and ready to be your latest addition! To ensure that you will never lack tenant interest, this beautiful 3 bedroom/2 bathroom townhome comes equipped with gleaming hardwood floors, stainless steel appliances, sleek countertops, modern finishes, a fenced backyard, and luxurious primary suite! With steady cash flow and equity already built into the property, the owner is excited to offer this as either a standard or creative financing deal. As the current lease ends in late June, you have the opportunity to increase rent to reflect the current comparables upwards of $2,000 monthly! The unfinished basement also allows additional forced equity and increased rental income potential! For any further questions, please call Heather Kelley.

Details

Property type

Townhouse

Est. home value

$191,856

Lot size

Unknown

Price per sq ft

$144

Year built

1920

Annual property taxes

$2,572

HOA

No

Price History

01/09/2025
Bright

Bright #MDBA2150932

Listed
$195,000
+8.33%
07/30/2021
Bright

Bright #MDBA2003670

Sold
$180,000
+273.83%
02/12/2021
Bright

Bright #MDBA532016

Sold
$48,150
+109.35%

Schools & Community

Neighborhood: 

Franklintown Road

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

$46,689
Asking price
$195,000
Closing costs (~8% of asking)
-$15,600
Est. remaining loan balance
-$132,711
Cash to seller
$46,689

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

Seller’s Loan History

Lender

Security National Mortgage Co

Loan start date

July 2021

Original loan amount

$144,000

Est. remaining balance

$132,711

Interest rate

2.95%

Loan type

New Conventional, 30 year

Seller

Gleen Pickering and Gwendolyn Rose Pickering

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: 02/23/2025 at 8:05 PM

Listing updated: 01/28/2025 at 1:54 PM

Listed by: Mike Frank, EXP Realty, LLC Phone #: (888) 860-7369

MLS: Bright #MDBA2150932

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