Address
205 W Madison Street, Baltimore, MD
Price
$ 1,650,000
Property Attributes
- MLS#MDBA2117952
- TypeMulti-Family
- CountyBALTIMORE CITY
- CityBaltimore
- Zip21201
- StyleVictorian
- Year Built1880
- Taxes$ 12284
- Price$ 1,650,000
- Bedrooms25
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,614 SqFt
Data Source:
Bright MLS
Property Description
INCREDIBLE OPPORTUNITY IN THE HEART OF MOUNT VERNON! This is your chance to own an unbelievable piece of Baltimore history. This property is sure to be the crown jewel of your investment portfolio. This sale comprises of not just one but TWO buildings in the heart of the Mount Vernon Historic District at 205 W Madison St and 716 Park Ave. Both buildings combine for over 18,000 sq ft above grade, not including the basements. 205 W Madison is 11,440 sq ft above grade, 716 Park Ave is 6,600 sq ft above grade. Standing outside of the main building, you are in awe of its magnificence. The attention to detail that went into the brickwork and stone work on the exterior of the building is unlike any other building you have seen in recent memory. As you enter the grand double doors of the main building into the foyer, your eyes are immediately drawn to the many displays of craftsmanship from a world long ago. Beautiful murals and paintings, exquisite handrails and crown molding, and an incredible grand staircase. As you enter to your left, what was once a ballroom, dining room, or reception area is sure to leave you speechless. You are greeted by 14ft+ ceilings and a magnificent chandelier at the center of the room. You immediately feel like you are walking back 100 years into a completely different time and era. Take a stroll back into the main hall and past the grand staircase and you will notice the original service elevator to the building is still in place. A large, beautiful courtyard connects the two buildings from the rear. It is truly amazing how well many of the original features of this building have been preserved. Craftsmanship like this simply no longer exists. Both buildings currently have a combined 25 suites/rooms (28 if you include the basements), each complete with it's own bathroom and it's own heating/cooling system. Each room is cozy, comfortable, and a very good size. Many of them have their own living room areas in addition to bedroom and bathroom. This is is an incredible opportunity to bring this building back to its former grandeur. The neighborhood and the city has been buzzing about what's to come for this building, and everyone is so excited to see what the next owner has planned! This building could be converted back to a hotel, to a bed and breakfast, an apartment building, a rooming house, the possibilities are endless. Don't let this incredible once in a lifetime opportunity pass you by!
| Elementary School |
|---|
| The Historic Samuel Coleridge-Taylor Elementary School |
| Price History | |
|---|---|
| 3/15/2024 | Listed $1,650,000 |
General Features
| Interior Features | Crown Moldings,Elevator,Double/Dual Staircase |
|---|---|
| Sewer | Public Sewer |
| Heating | 90% Forced Air |
| Cooling | Central A/C |
| Possession | Immediate |
| Exterior Features | Fire Escape,Gutter System |
| Zoning | OR-2 |
| Pool Y/N | No Pool |
| Architectural Style | Victorian |
| Construction Materials | Brick |
| Year Built | 1880 |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | BALTIMORE CITY |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade |
| Status | ACTIVE |
| Directions | On W Madison St |
| ModificationTimestamp | 2024-04-20T00:00:06 |
| City | BALTIMORE |
| Buyer Agent Compensation | 2.5 |
| Total Units | 1 |
| Lot Size Square Feet | 2552.00 |
| Tax Assessed Value | 624633.0 |
| Waterfront Y/N | No |
| Street Name | MADISON |
| Tax Annual Amount | 12284.0 |
| Structure Type | Other |
| One Bedroom Units Count | 25 |
| Price Per Sq Ft | 91.46 |
| Vacation Rental Y/N | No |
| Virtual Tour | https://my.matterport.com/show/?m=jieBkqFyB9t |
| Total SQFT | 18040 |
| Days on Market | 47 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | Ward 11 |
| Tax Lot | 028 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Full |
| Hot Water | Natural Gas |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | None |
| Land Use Code | C |
| Water View Y/N | No |
| Lot Size Acres | 0.06 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 89300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 21201
Price
Taxes
Visits
Year Built
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