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1415 Madison Ave
Score
0
Baltimore, MD

1415 Madison Ave

295K
3 bd • 3 ba • 2,400 sf

This analysis was generated on 2/18/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$295,000

Price/Sq.Ft

$123

Year Built

1920

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Renovated Condition: The property has been renovated with updated flooring, a modern kitchen with stainless steel appliances and granite countertops, and updated bathrooms. This reduces the need for immediate repairs or upgrades. • Finished Basement: The expansive finished basement adds significant living space, providing flexibility for storage, recreation, or additional living areas. • Off-Street Parking: The property includes two off-street parking spaces, a valuable amenity in a city environment where parking can be scarce and expensive. • End-of-Group Townhouse: Being an end-of-group townhouse typically offers more natural light and potentially more privacy compared to interior units. • Competitive Price per Square Foot: At $122.92 per square foot, the property is competitively priced compared to other renovated townhouses in Baltimore City.

The Bad

• Low School Ratings: The assigned schools (Eutaw-Marshburn Elementary, Booker T. Washington Middle, and Renaissance Academy) have very low ratings (1/10, 2/10, and 1/10, respectively), which may affect resale value and appeal to families. • High Property Taxes: Baltimore City has relatively high property taxes. Factor this into your monthly budget. • Potential for Ground Rent: While not explicitly stated, investigate whether the property is subject to ground rent, a unique Baltimore issue that adds to ownership costs. • History of Price Reductions: The property has undergone multiple price reductions and rental listings, suggesting it may be overpriced or facing challenges in the market. Days on Market are currently low, but were previously high. • Air Quality: The moderate air quality risk (4/10) and 6 bad air days per year may be a concern for individuals with respiratory sensitivities.

The Ugly

• Severe Heat Risk: The severe heat risk (7/10) and 98th percentile temperature of 103°F suggest potential for high cooling costs and the need for efficient air conditioning. • High Crime Rate: Marble Hill, like many neighborhoods in Baltimore, faces challenges related to crime rates. Research local crime statistics and community safety initiatives. • Older Home Issues: Built in 1920, the property may have hidden issues common to older homes, such as outdated plumbing, electrical wiring, or structural problems. A comprehensive inspection is crucial. • Vacancy Concerns: Baltimore's high vacancy rate can negatively impact property values. Assess the number of vacant properties in the immediate vicinity. • High Wind Risk: With a wind risk of 6/10, there's a greater chance of wind damage, which can increase insurance premiums and require regular maintenance.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers Seeking a Renovated Townhouse: The recent renovations, including updated flooring, stainless steel appliances, granite countertops, and spa-like bathrooms, appeal to those who want a move-in-ready home. • Individuals Valuing Off-Street Parking: With two dedicated parking spaces, the property addresses a major convenience factor in Baltimore, especially in densely populated neighborhoods. • Those Desiring Flexible Living Space: The finished basement provides ample room for storage, a game room, or additional living space, catering to buyers who need adaptable areas within the home. • Renters Looking to Become Homeowners: With monthly rent for a comparable 3-bedroom unit in the area around $2009, transitioning to homeownership at a similar or slightly higher monthly cost (including mortgage, taxes, and insurance) could be appealing. • Buyers comfortable with older homes: The property maintains its original charm as a 1920s townhouse, but has been updated to modern standards.

Not For

• Buyers Prioritizing Top-Rated Schools: The assigned schools (Eutaw-Marshburn Elementary, Booker T. Washington Middle, and Renaissance Academy) have low ratings (1/10, 2/10, and 1/10, respectively), which may deter buyers seeking high-performing schools. • Individuals Seeking Minimal Climate Risk: While flood and fire risks are minimal, the property faces major wind risk (6/10) and severe heat risk (7/10), potentially leading to higher insurance premiums and utility costs. • Those Requiring Turnkey Properties: While renovated, the home is still a 100+ year old Baltimore rowhouse. Additional repairs and unexpected maintenance may be needed, and that may deter buyers seeking a completely worry-free purchase. • Buyers Sensitive to Neighborhood Issues: Marble Hill, like many areas in Baltimore, may have concerns related to vacancy, crime, and property taxes, requiring due diligence and careful consideration.
Demographics
Area Median Income

$34,884

Property History

Price History
Ownership Timeline
$244,845Cash Purchase
Jul 29, 2016
Az Investments Llc, Aaz Investments LlcMarcy M Hendricks, Samuel R Pearson
Assignment Of Lease (Leasehold Sale)
Standard Sale (Purchase/Resales)
$32,000Cash Purchase
Aug 16, 2013
Kenneth H BardotAaz Investments Llc
Assignment Of Deed
Standard Sale (Purchase/Resales)
$20,000Cash Purchase
Jan 1, 1970
W Wayne FordKenneth H Bardot, Linda S Bardot
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jan 1, 1970
Kenneth H BardotKenneth H Bardot
Deed
Non-Arm's Length Transactions

Property Taxes

$5,664
2024 Tax Assessment
0.0%from previous year
Assessed Value$240,000
Tax Rate2.36%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 103°F

windMAJOR

Insurance: Required

airMODERATE

6 bad air quality days per year

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• Potential for High Water Bills: Baltimore has reported issues with the accuracy of water billing. Budget for potentially high water bills until accuracy can be verified. • Older Home Maintenance: As a home built in 1920, expect potential maintenance issues related to plumbing, electrical, and HVAC systems. A thorough inspection is critical. • Lead Paint Risk: Homes built prior to 1978 may contain lead paint. Ensure proper inspections and abatement if necessary, adding to renovation costs. • Market Volatility: The frequent price changes and rental listings suggest some uncertainty in the property's market value. Monitor comparable sales closely. • Wind Damage: The major wind risk (6/10) suggests potential for property damage. Ensure adequate insurance coverage and consider wind-resistant upgrades.
Insurance
Annual Cost

$1,062

$89 per month

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Schools

Showing top 5 of 13 schools

Mount Royal Elementary/middle School

PublicGrades PK-8
5/10
ElementaryMiddle
713 students

Paul Laurence Dunbar High School

PublicGrades 9-12
4/10
High
811 students

William Pinderhughes Elementary School

PublicGrades PK-8
3/10
ElementaryMiddle
263 students

Patterson High School

PublicGrades 9-12
2/10
High
1,103 students

Reginald F. Lewis High School

PublicGrades 9-12
2/10
High
564 students

Financials

Monthly Costs
Market Rent (3 bed)

$2,009

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$295,000
Price/sqft
$123
Layout
3 bd3 ba
Days on market
5 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$438,167

32.7%

Your price is 32.7% below average

Median Price

$440,000

33.0%

Based on 6 recent sales

Price per Sq.Ft

$191

35.6%

Your price is 35.6% below average $/sqft

Comparable Properties

258 ROBERT ST, BALTIMORE, MD 21217
Price: $323,500
Sq.Ft: 2,244
Beds/Baths: 3/3
$/Sq.Ft:
$14417.3%
Sale Date: 12/21/2024
212 BOLTON PL, BALTIMORE, MD 21217
Price: $526,000
Sq.Ft: 2,247
Beds/Baths: 3/3
$/Sq.Ft:
$23490.4%
Sale Date: 12/20/2024
325 E LANVALE ST, BALTIMORE, MD 21202
Price: $440,000
Sq.Ft: 2,094
Beds/Baths: 3/3
$/Sq.Ft:
$21070.9%
Sale Date: 1/11/2025
332 E 22ND ST, BALTIMORE, MD 21218
Price: $237,000
Sq.Ft: 2,000
Beds/Baths: 4/3
$/Sq.Ft:
$1193.6%
Sale Date: 11/24/2024
1428 JOHN ST, BALTIMORE, MD 21217
Price: $717,500
Sq.Ft: 2,729
Beds/Baths: 4/3
$/Sq.Ft:
$263113.9%
Sale Date: 11/11/2024
1756 PARK AVE, BALTIMORE, MD 21217
Price: $385,000
Sq.Ft: 2,159
Beds/Baths: 4/3
$/Sq.Ft:
$17845.1%
Sale Date: 10/17/2024

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