3417 Elmley Ave, Baltimore, MD 21213

3 beds1 bath896 sqft Edit

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Sold: $13,000
Sold on 10/28/13
Zestimate®: $74,363
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Buy this property and immediately begin to receive a return on your investment. The property is located in the VERY popular Belair-Edison neighborhood. The seller recently bought and renovated this property and is looking to pass it on to another lucky investor. It's currently rented with tenant paying $1,000 a month. The property has undergone additional updates, for example, it now has a fenced back yard and the bathroom has been improved. The pictures were taken a few months before tenants moved in. Property is lead certified!Cap Rate Analysis:Gross income $12,000Property manager (10%) - $1,200 (optional) Maintenance (5%) - $600Insurance (est) - $650Taxes - $1,500 Net income $8,050 Cap rate (Net income / Purchase price) ($8,050 / $42,500) = 18.9% EXCELLENT!  More Less 

Facts

  • Lot: 1,184 sqft
  • Townhouse
  • Built in 1925
  • Views: 970 all time views
  • Heating: Forced air
  • Last sold: Oct 2013 for $13,000
  • Last sale price/sqft: $15

Features

  • Flooring: Hardwood
  • Parking: On street

    Additional Features

    • Living room

    Appliances Included

    • Refrigerator
    • Washer

    Room Types

    • Master bath

    Construction

    • Exterior material: Brick
    • Roof type: Built up
    • Stories: 2
    • Unit count: 1

    Other

    • Floor size: 896 sqft
    • Last remodel year: 2011
    • Laundry: In Unit
    • Lot depth: 74 ft
    • Lot width: 16 ft
    • Parcel #: 4178K032
    • Zillow Home ID: 36456504

    Zestimate Details

    Zestimate
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    $74,363
    -$4,724 Last 30 days
    $52K
    $94K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $1,100/mo
    -$44 Last 30 days
    $858
    $1.4K
    Zestimate range
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    Improve This Home's Value

    Thinking remodel? See home ideas and estimates on Zillow Digs.

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    Popularity on Zillow

    If this home is listed on Zillow, it will reach the largest real estate network on the web.*
    970 all-time views
    of this home (chart)
    63 forecasted views of this home
    in the first 7 days after listing for sale

    Comparable Homes

    Homes like this sold for $38-125K.

    $30K
    $130K

    Mortgages

    Neighborhood: Four by Four

    Zillow predicts 21213 home values will rise 0.8% next year, compared to a 0.2% fall for Baltimore as a whole. Among 21213 homes, this home is valued 40.3% more than the midpoint (median) home, but is valued 77.8% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In 21213, the number of foreclosures waiting to be sold is 27.6% higher than in Baltimore, and 257.1% greater than the national average. This higher local number may prevent 21213 home values from rising as quickly as other regions in Baltimore.
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    Nearby

      For Sale

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      Rentals

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      Nearby Schools in Baltimore

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      • School Rating

         

        Grades

        Distance

      • 1
        out of 10
        PK-5
        0.6 mi
      • 2
        out of 10
        Stadium School (assigned)
        6-8
        1.6 mi
      • 1
        out of 10
        Heritage High (assigned)
        PK, 9-12
        0.7 mi

      Data by GreatSchools.org