Renovated Rental on 2yr Lease Sold

  • $120,000
  • 3 beds
  • 1.5 baths

 


 

Hi Friend,

Today we’re sharing another freshly renovated & tenant occupied home on a 2yr tenant lease in one of our favorite managed neighborhoods, Washington Village. Our neighbors immediately right are renovating there’s currently as well, which is great. You’ll see in our “behind the scenes” photos, we went thru this home from top to bottom, including finishing the basement for additional heated square footage. So what’s that mean for you? A low maintenance rental home with an excellent ROI + great equity in an appreciating corner of town. Since it’s Washington Village, you’ve also got close proximity to downtown, the Inner Harbor, the Orioles & Ravens stadiums … great highway access, parks and a Charter School in your back yard as well. This property is rented a bit under market since the tenant was placed during the pandemic, so you can expect a healthy rental increase at lease renewal as well. Grab this one fast before it’s gone!

Looking forward to answering your questions!      -Cris

Click here to call Cris now.


Renovated Comparable Sales:
1260 Sargeant St sold 01/2021 for $120,000
1271 Sargeant St sold 02/2021 for $108,000 (smaller one bedroom)
1253 Sargeant St (ours) sold 02/2020 for $124,900
1336 Sargeant St sold 12/2020 for $115,000 (smaller two bedroom)
1312 Sargeant St sold 03/2021 for $109,000 (smaller two bedroom)
1333 James St sold 12/2020 for $152,000
1180 Washington Blvd sold 07/2020 for $145,000

 

Click here to call Cris now.

Property and Area Photos

Other Questions? Click here to call Cris now.

More About Washington Village/Pigtown 



Washington Village / Pigtown ZIP codes: 21230
Pigtown’s biggest draws are its diversity (social, economical, and racial) and location. The neighborhood is gaining in value but is very affordable, attracting students, retirees, and singles, and young couples and parents. Those who call Pigtown home love its proximity to downtown, I-95, Federal Hill, the MARC train, and the stadiums. With a very involved community, Pigtown is growing rapidly and welcoming more and more new residents, businesses, and organizations. The Pigtown Historic District comprises some 36 city blocks lying in Southwest Baltimore, south and east of the Baltimore & Ohio Railroad yards. Developing initially as a community for railroad workers in the 1840’s, along Columbia Avenue (now Washington Boulevard), Ramsay, McHenry and Poppleton Streets, the area grew rapidly to the south during the industrial expansion of the 1850’s and 1860’s. Small two-story houses were built for workingmen on the narrow streets running south of Washington Boulevard with three-story gable-roofed houses and then early Italianate house lining Washington Boulevard and Scott Street to serve as housing for shopkeepers and upper-level managers. Development of the Pigtown is intimately linked with hallmark events of the Industrial Revolution in Baltimore, particularly the growth and development of the B&O Railroad, the nation’s first. In the 1980s, in an effort to reinvigorate Pigtown, the neighborhood name was officially changed to Washington Village. The true name of the neighborhood is still under debate. With the rise in property values and the influx of newcomers to city life in the late 1990s through today, Pigtown’s population and quality of life has consistently risen. In the early 2000s, Pigtown was designated an Empowerment Zone, bringing new businesses and homeowners. This effort has continued with its designation as a Main Streets Community, which promotes Pigtown’s eclectic business corridor. Recently, Baltimore’s west side has been targeted by the mayor’s office as an are of focus for major developments and investment, which will no doubt continue to grow Pigtown in value and quality of life. Today, Pigtown is a community of renters, homeowners, and businesses. Residents are socially, racially, and economically varied, making Pigtown one of the most diverse neighborhoods in Baltimore city. Pigtowners are very proactive in their neighborhood organizations, contributing to the continuing growth, quality of life, and improvement of Pigtown. Pigtown’s energetic community, diversity, value, growth, and GREAT location continues to attract new residents, businesses, and development. Big things are happening in Pigtown!







Other Questions? Click to call Cris now.

How is Baltimore doing since COVID-19?

Prior to COVID-19 shut downs, the Baltimore-area housing market set a 10-year record for closed and pending sales in February as median sale prices across the region continue to soar. Closed sales were up 16.2% across the region in February 2020 compared to February 2019, while pending sales were up 14.3%. These increases came as the median sale price for homes in Baltimore metro area increased 10.2% to $265,000 compared to February 2019, the 16th consecutive month of year-over-year gains, according to the report, which used data provided by MarketStats by ShowingTime based on listing activity from Bright MLS. Median days on the market also continued to decline, dropping to 38 days compared to 49 days last February.

Of course everyone everywhere saw a decline for a short period after that, but we’re happy to announce that not only have Baltimore numbers rebounded, they have again beat market expectations. In this October 2020 Article from the Baltimore Sun you will find that sales prices have rebounded in full and are currently also exceeding list prices on average, across all local inventory. Further, with mortgage rates in amazing territory, the important Days on Market trend in the Baltimore real estate market is at an all time low!

Behind The Scenes

What else do you have available?

Take a look at other Baltimore market specific properties by clicking here. Note that we always have more projects in production as well and much of our inventory is sold before it ever makes it to our site or email list, so the best way to get the inside scoop is to call Cris directly.

Click here to call Cris now.

 

 

Price:
$120,000
Address:
1304 Sargeant St
Baltimore, MD 21223
Bedrooms:
3
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Row-house
Basement:
Finished
Const. Type:
Brick

Call (919) 675-2747 for more details

Property Location