8 months on rocket

27 S Gay St, Baltimore, MD, 21202

$625,000

Home List Price

$7,422*

Closing Credit

0 Baths
4,117 SqFt
$152/SqFt
House
Schools Nearby

Location

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27 S Gay St, Baltimore$625,000

Buyer Closing Credits

$7,422*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Year Built1906
HeatingForced Air, Central
CoolingCentral Air
MLS #MDBA2099372
Lot Size0.05 Acres
StatusActive
(ACTIVE)

About 27 S Gay St

Buyer defaulted due to financing 5/17 1.5 blocks from the National Aquarium and close to the bustling Inner Harbour. The property has drawings, permit set ready to go! Estimates can be sent (600k estimate and 6 month construction in writing done). Water flow test already done. The property has a tax credit over the course of 10 years already approved, locking in a $300k value of property tax. There is a great tenant lined up at 17k a month starting the day construction is complete almost triple net. Tenant pays all expenses except the low taxes. Insane high % cap rate and much of the legwork completed for a lucky investor. The building has been newly renovated (completed in 2006), now vacant and gutted ready to be built with your already approved drawings. Features over 9'6" ceiling height with clear span area on each floor, front and rear staircases, new roof 2005 along with roofing. *Cross-posted MLS# MDBA2097820

Property Details

Property Features

Property Information:

  • Architectural Style: Federal
  • Year Built: 1906
  • Living Area: 4,117 SqFt

Listing Office:

  • Office Name: Real Broker, LLC
  • Office Phone: (850) 450-0442
  • Listing Agent: Sarah K Martinez

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Baltimore Leadership School for Young Women, Public Charter Grades 6-12
  • Paul Laurence Dunbar High School, Public District Grades 9-12
  • National Academy Foundation, Public District Grades 6-12
  • The Crossroads School, Public Charter Grades 6-8
  • Booker T. Washington Middle School, Public District Grades 6-8
  • Stadium School, Public District Grades 6-8
  • City Springs Elementary/Middle School, Public Charter Grades PK-8

Other

Directions Information:

  • Directions: 1.5 blocks from the water

Municipality:

  • Baltimore City

Price Information

Listing Price Info

Price Summary:

  • List Price: $625,000
  • Price Per SqFt: $152/SqFt

Tax Information:

  • Annual Amount: $6,540
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Baltimore, MD.

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Baltimore, MD

City

Med. Sold Price

$220K

Med. Price/SqFt

$159

Avg. Days On Market

34

# of Sold Homes

501

27 S Gay St vs Baltimore

258 DAYS ON ROCKET

+224 Days

$625,000

+$404.9K More

$152/SqFt

-$8 Less

KEY TAKEAWAY

This property is $404.9K more than the Median Sold Price and $8/SqFt less than other homes in Baltimore, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDBA2099372

Listing Office:

  • Office Name: Real Broker, LLC
  • Office Phone: (850) 450-0442
  • Listing Agent: Sarah K Martinez

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 9:10:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$6,540$286,000
2020$6,679$283,033
2019$6,578$280,067
2018$6,540$277,100
2017$6,540$277,100

History based on county public records data.

Payment Calculator

$3,187

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,940

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6717890
2
/10

  • City Springs Elementary/Middle School

  • 100 S Caroline St

  • 0.59 miles

  • Public Charter Grades PK-8

Middle School

school-card-donut-6717891
5
/10

  • The Crossroads School

  • 802 S Caroline St

  • 0.79 miles

  • Public Charter Grades 6-8

school-card-donut-6717892
1
/10

  • Booker T. Washington Middle School

  • 1301 Mcculloh St

  • 1.43 miles

  • Public District Grades 6-8

school-card-donut-6717893
1
/10

  • Stadium School

  • 1300 Gorsuch Ave

  • 2.54 miles

  • Public District Grades 6-8

High School

school-card-donut-6717894
3
/10

  • Baltimore Leadership School for Young Women

  • 128 W Franklin St

  • 0.67 miles

  • Public Charter Grades 6-12

school-card-donut-6717895
4
/10

  • Paul Laurence Dunbar High School

  • 1400 Orleans St

  • 0.70 miles

  • Public District Grades 9-12

school-card-donut-6717896
1
/10

  • National Academy Foundation

  • 540 North Caroline St

  • 0.76 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,535. Most Baltimore, MD residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 27 S Gay St

What is the listing price of this property?

The listing price of 27 S Gay St property is $625,000.

What type of property is this?

The property 27 S Gay St is a house located in Baltimore, Maryland, 21202.

Is this property for sale now?

Active Listing: 27 S Gay St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 27 S Gay St are:
City Springs Elementary/Middle School: GreatSchools Rating 2/10
The Crossroads School: GreatSchools Rating 5/10
Booker T. Washington Middle School: GreatSchools Rating 1/10
Stadium School: GreatSchools Rating 1/10
Baltimore Leadership School for Young Women: GreatSchools Rating 3/10
Paul Laurence Dunbar High School: GreatSchools Rating 4/10
National Academy Foundation: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,540 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 27 S Gay St is 4,117 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 27 S Gay St is 1906.

Rocket Homes›Maryland›Baltimore›21202›27 S Gay St

This home is located at 27 S Gay St in Baltimore, MD and zip code 21202 in the Central neighborhood. This 4,117 square foot home, which was built in 1906, sits on a 0.05 acre lot. It has been listed on Rocket Homes since September 18, 2023 and is currently priced at $625,000.

In May 2024, from all listings sold in Baltimore, MD there were more than 204 sold above asking price, over 177 sold below and more than 120 were sold right at the asked price. Between April 2024 and May 2024, Baltimore, MD real estate market has seen increase in the number of listings by 10.3%. While the average time on the market in May 2024 was 34 days, the median list price was $220,024.

From Rocket Homes Real Estate and based on county public records data.

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