509 E Lake Avenue

Baltimore, MD
$ 499,900 Beds 8 Baths 4 Sq 3,960
Monthly Estimate* How much can I afford?

Exciting opportunity to own this multi-unit property in the Belvedere Square/Cedarcroft area of Baltimore. This property has so much potential! This nearly 4,000 SF brick colonial offers four identical two-bedroom units, garage space (currently 2 large garages but could easily be 4 individual units), a basement that is unfinished but has rental potential and a huge attic that also has potential. All units have beautiful original hardwood floors and are well-kept. Each unit has two large bedrooms, 1 full bath, a kitchen, dining room and a living room. 990 SF per unit. All units are metered seperately and tenants are responsible for the electric and gas bills. Live in one unit and rent the others or use strictly as an investment property. All City inspections and lead certifications are current and can be provided. Currently rents are below-market values. . . room for improvement! Conveniently located between Towson University/Johns Hopkins and downtown, close to I-83 and I-695 and close to hospitals and other amenities makes it an ideal location for renters. Showings will be provided for qualified buyers by listing and co-listing agent only or by an 'open-house' style showing method (one weekday and one weekend). PROPERTY BEING SOLD AS-IS. $43,800 in annual rent income! Also listed under multi-family. See listing under MDBA524838.

Single Family

  • Price
  • $ 499,900
  • Lot Size
  • 8,276 SqFt
  • Bedrooms
  • 8
  • Sqr Footage
  • 3,960
  • Full Bathrooms
  • 4
  • Year Built
  • 1941
  • Half Bathrooms
  • 0
  • City, Zip
  • Baltimore
  • Taxes
  • 7999
  • County
  • BALTIMORE CITY
  • Style
  • Colonial
  • Area
  • MLS#
  • MDBA527434
  • Zip
  • 21212
Listing Provided by: RE/MAX Leading Edge

Features

General

Above Grade Unfin Sqft 1950
Acceptable Financing Cash, Conventional
Accessibility None
Additional Parcels Y/N No
Appliances Dryer, Exhaust Fan, Oven/Range - Gas, Refrigerator, Washer, Water Heater
Architectural Style Colonial
Association Y/N No
Condo/Coop Association Y/N No
Construction Materials Brick
Cool Fuel Electric
Cooling Window Unit(s), Ceiling Fan(s)
County BALTIMORE CITY
Exclusions Tenant owned personal property
Facing Direction North
Flooring Hardwood, Ceramic Tile
Floors In Unit Count 4
Garage Spaces 4.00
Garage Y/N Yes
Heating Radiator
High School District BALTIMORE CITY PUBLIC SCHOOLS
Historic Y/N No
Interior Features 2nd Kitchen, Additional Stairway, Attic, Combination Kitchen/Dining, Combination Dining/Living, Dining Area, Floor Plan - Traditional, Formal/Separate Dining Room, Tub Shower, Wood Floors
Legal Subdivision Ward 27
Levels 4
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Parking Features Concrete Driveway
Possession Immediate, 0-30 Days CD, 31-60 Days CD, Settlement
Price Per Sq Ft 126.24
Property Type Residential
Real Estate Owned Y/N No
Roof Asphalt, Shingle
Section 54
Security Features Smoke Detector
Senior Community Y/N No
Sewer Private Sewer
Structure Type Detached
Subdivision Name BELVEDERE SQUARE
Tax Year 2019
Utilities Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/N No
Water Access Y/N No
Zoning R-3

Interior Features

Above Grade Finished Area 3960
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Above Grade Unfin Area Units Square Feet
Above Grade Unfin Sqft Source Estimated
Basement Connecting Stairway, Heated, Other, Outside Entrance, Rough Bath Plumb, Unfinished, Walkout Level, Windows
Basement Y/N Yes
Bathrooms Count All Upper Levels 2
Bathrooms Count Main Level 2.00
Bathrooms Count Upper Level 1 2.00
Bathrooms Full All Upper Levels 2
Bathrooms Full Main Level 2
Bathrooms Full Upper Level 1 2
Bedrooms Count All Upper Levels 4
Bedrooms Count Upper Level 1 4
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft 1150
Below Grade Unfin Sqft Source Estimated
Central Air Y/N No
Entry Level 2
Fireplace Y/N No
Full Baths 4
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Laundry Type Basement, Common, Has Laundry, Hookup, Shared
Living Area 3960
Main Level Bedrooms 4
Room Type Basement, Attic
Total Baths 4
Total Bedrooms 8

Exterior Features

# Of Attached Garage Spaces 4
Door Features Double Entry
Garage Features Additional Storage Area, Basement Garage, Garage - Rear Entry
Horse Y/N No
Lot Features Cleared, Corner
Lot Size Acres 0.19
Lot Size Source Assessor
Lot Size Square Feet 8197.00
Navigable Water Y/N No
Pool Y/N No Pool
Spa No
Total Parking Spaces 8
Type of Parking Attached Garage, Driveway, Off Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Columbia, MD office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

10/16/2020 Listed $499,900

Property vs Zip Code Average in 21212

Price
AVG $560K
$500K
Taxes
AVG $6,583
$7,999
Visits
AVG 88
7
Year Built
AVG 1933
1941

Map

Areas That We Cover

509 E Lake Avenue Baltimore, MD is a Single Family Home for sale at $499900 with 3960 sqft and a lot size of 8,276 SqFt Acre(s). 509 E Lake Avenue Baltimore has 8 bedrooms, 4 baths and was built in 1941. The property's zip code is 21212 which is in Baltimore, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.