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1325 Park Avenue
Baltimore, MD 21217
$735,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
3500
Property Description
Welcome to 1325 Park Avenue, a captivating 19th-century residence nestled in the heart of Bolton Hill, Baltimore. This exquisite townhouse seamlessly combines historic allure with modern conveniences, offering a perfect fusion for 21st century living. Spanning approx 3500 square feet, this home features 5-6 bedrooms and 4.5 bathrooms, providing ample space for various lifestyle needs. As you enter, you'll be greeted by ornate marble mantels, gilded hall mirrors, crown molding, wood floors, and interior shutters, showcasing the timeless elegance of the property. The main level boasts a formal living room with an ornate marble mantel and a modern open gourmet kitchen, complete with custom slab cabinetry, Bertazzoni gas range, hood, wall oven, and a large island with a custom Terrazzo countertop. This level also features a home office space in the kitchen and access to a private, wrap around deck, perfect for enjoying morning coffee or evening relaxation. Additionally, there is a versatile, finished space below the kitchen, designed for a dining room, but suitable for a family room, playroom, or art studio, with full-size windows, a brick mantel, and direct patio access. A convenient powder room completes this level. The second floor offers a spacious family room with custom built-ins and an en-suite full bath, as well as two additional bedrooms with a Jack & Jill bathroom. The third floor encompasses three bedrooms, two full baths, and a laundry room. The lower level provides ample unfinished space for customization, storage, and utilities, offering flexibility for additional rooms and storage options. This home includes convenient amenities such as new high efficiency gas boiler and hot water heater, and high velocity central air conditioning (2nd/3rd fl only). This home is located in a friendly neighborhood, convenient to the Bolton Hill swim and tennis club, pocket parks, MICA, Mt Royal Elementary and Middle School, Midtown Academy, Penn Station, The Lyric, Meyerhoff Symphony, and much more. Residents enjoy the annual Festival on the Hill in October, Artscape, Garden Tours, Book Clubs, Soup Nights, and Stoop Sitting on warm summer nights. Bolton Hill is a vibrant urban gem, offering a close-knit community and a thriving culinary scene. Enjoy nearby restaurants such as CookHouse, On The Hill Cafe, The Tilted Row, Llama’s Corner, Brass Tap, and Noona’s, or explore the lively Station North area with its diverse dining options and entertainment venues. Conveniently located near Mt. Vernon, BSO, The Lyric, I-83, light rail, metro, and the new Penn Station, this home provides easy access to the best of city living. Please note that the property is situated in a Baltimore City CHAP historic district and is subject to the Midtown Special Benefits District Surcharge Tax of $752.66 annually. Don't miss the opportunity to experience city life at its finest in this beautiful home. Schedule a showing today and immerse yourself in the unique charm and modern comforts of 1325 Park Avenue. Note, all fireplaces are sold as-is but owners use the family room fireplace.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1880
MLS Number
MDBA2121496
Location
Address
1325 PARK AVENUE
City
BALTIMORE
State
MD
Zip Code
21217
County
BALTIMORE (CITY WEST)
Listing
Provider
Name
Compass
Phone
(202) 491-1275
Office Name
Compass
Office Phone
(410) 886-7342
Agent Name
Jessica Dailey

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.