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1108 MERIDENE DR Baltimore, MD 21239
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Key Details
Sold Price $160,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,946 sqft
Price per Sqft $82
Subdivision Idlewood
MLS Listing ID MDBA2109846
Sold Date 02/09/24
Style Federal
Bedrooms 5
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 1,496
Originating Board BRIGHT
Year Built 1948
Annual Tax Amount $3,203
Tax Year 2023
Property Description
**MULTIPLE OFFERS RECEIVED. OFFER DEADLINE 1/8 AT 4:00 PM.** Incredible opportunity to transform a 2-unit home in the Idlewood neighborhood. Located on a well-maintained street, 1108 Meridene Dr is truly a diamond in the rough! Create an income-producing rental property commanding an estimated $2,450 PER MONTH, or live in one unit while using the income from the second unit to defray your mortgage costs. The renovation here has already been started. With your vision and expertise, this home can meet its maximum potential. UNIT 1 encompasses the entire main level and lower level. The main level features a spacious living room, sizable kitchen, full bathroom, and two bedrooms each boasting an abundance of natural light, hardwood floors, and crown moldings. The lower level hosts a large bonus room, third bedroom, additional full bathroom, laundry, and direct access to the large fenced rear yard. Estimated rent post-renovation is $1,350. UNIT 2 is situated on the second level and flaunts a cozy living room, kitchen with upper cabinets already installed, full bathroom, laundry, and two bedrooms each benefiting from natural light, hardwood floors, and crown moldings. Estimated rent post-renovation is $1,100 (see 6127 Chinquapin Pkwy #1 that rented for $1,100 on 10/21/2023). Post-renovation ARV estimated at $246,000+ (see the 2-unit at 1002 Dartmouth Rd that sold for $246,000 on 9/1/2023). This home previously earned a Lead Free Lead Certificate. Add parking in the back to increase the value! Enjoy the current low property tax assessment! If you're a savvy investor or someone with a keen eye for potential, 1108 Meridene Dr is a prime opportunity that you won't want to miss! Schedule a showing today! BGE is off at the property and will not be restored by Seller.
Location
State MD
County Baltimore City
Zoning R-5
Direction South
Rooms
Other Rooms Living Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bonus Room
Basement Connecting Stairway, Daylight, Partial, Full, Interior Access, Outside Entrance, Partially Finished, Rear Entrance, Space For Rooms, Windows
Main Level Bedrooms 2
Interior
Interior Features 2nd Kitchen, Ceiling Fan(s), Combination Dining/Living, Crown Moldings, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Recessed Lighting, Bathroom - Tub Shower, Wood Floors
Hot Water Natural Gas
Heating Forced Air
Cooling Other
Flooring Hardwood, Tile/Brick, Wood, Other
Furnishings No
Fireplace N
Heat Source Natural Gas
Laundry Basement, Has Laundry
Exterior
Fence Chain Link, Partially, Rear
Water Access N
View Street, Trees/Woods
Accessibility None
Garage N
Building
Lot Description Front Yard, Interior, Rear Yard, SideYard(s), Trees/Wooded, Corner
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Federal
Level or Stories 3
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0327575137E169
Ownership Ground Rent
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Rebecca Winslow • Compass