This rehabbed rowhouse is available for 210K and is located ay 224 N. Montford in Baltimore, MD. It is an area that is just starting to gentrify 3 blocks north of Patterson Park. Crime and terrible schools are significant problems here. Despite being 3 floors it is only 1,128 square feet.Craigslist Posting
Maryland Department of Assessments and Taxation
"Wow!! This 3-Sty Home is a short Walk to Park. Enjoy a Jaccuzi Tub, New Plumbing, Carpet, Floors, Recessed Lights, Update baths.
Selling First Come, to Conv/Cash Buyer with $5,000 deposit.. Seller will Pay $5000 to Buyers Closing Costs + $5000 Referral Fee. Buyer Must Settle by Mar 24, 2006. Hurry!!"
The current owner bought it for 34,500 from the Secretary of the United States on 5/10/2005. They rehabbed it then putting in the Jacuzzi, New Plumbing Carpets, Recessed lighting, updated bath and the obligatory granite countertops.
Now that the owner has added value to the house by renovating it, he is trying to sell it for a profit.
Will he be able to sell it at 210K?
Probably not as the rowhouse is narrow. It is located at the gentrification frontier. Additionally, there is a growing inventory of rowhouses available for sale nearby.
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