I was back in Baltimore today. In the Butcher's Hill and Upper Fell's Point neighborhoods there are so many rowhouses for sale. There really is a glut.
The image on the left shows two rowhouses for sale, one on each side of the street. The little alley houses that are nicely renovated ( hardwood floors, granite countertops etc.) are going between 170K - 220K.
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Butcher's Hill is one of the safer neighborhoods in the city.
ReplyDeleteDoes anyone know about the Gwynn Oaks/Forest Park area in Northwest Baltimore City?
ReplyDeleteI've looked at some houses in this area, it doesn't seem that bad. If its not more
dangerous than Prince Georges county I would buy a house there.
Last year, when I was looking at these types of shell properties in B'more (okay...I was smoking crack!), I was told one of the biggest problems in rennovating these homes is that common theifs and drug addicts steal your construction material/fixtures/brick and sell them to get high or for other needs.
ReplyDeleteAnd another story I heard was how drunk some of the construction crews are in B'more. One developer told me he would park down the street to pick up his contractors and call them- if they couldn't walk straight to his car, he'd leave them behind cause they were too drunk.
Hyperbole/urban myth- but some truth to issues that prevented me from buying in B'more.