Even as a full-time, 13+ year Maryland Realtor it’s tough to know all of the neighborhoods across the state. Throughout the years I’ve come across some rather nice pockets. As I take buyers around to showings, without going into each home, you can’t help but notice neighborhood details. Are the other homeowners taking care of their yards? Do all the houses look the same? If my clients have small children, are there other children around? Does the neighborhood offer easy access to major beltways? Can you hear the traffic from the outside?
When I have clients interested in the Pikesville area, Sudbrook Park is one of the neighborhoods that always pops into my mind. Situated in a residential area Sudbrook Park is quite pocket convenient to 695 and shopping centers. As you drive around, it’s typical to see folks tending to their properties as well as some renovations in the works.
This single-family home located at 913 Olmstead Road, Pikesville, MD 21208 is new to the market and offers a
lot to a buyer for under $250k:
- 4 bedrooms
- 2 full baths
- large sunroom addition
- renovated kitchen
- hard wood floors
- wide open basement
Located in the desirable SUDBROOK PARK neighborhood, this cape cod offers additional living space with an added sun room off the kitchen as well as added dormers in the 2nd level bedrooms. The kitchen and upper level bath were also redone. The basement of this home is a wide open blank canvas. The sun room addition spills out into a back deck and surrounding yard, excellent for entertaining.
If you are more intersted in seeing what this home has to offer, please don’t hesitate to contact Suzie Coronel for a private showing.
Nothing is ever easy when you have to deal with your state and local governments.
The Homestead Tax Credit is no exception, but is worth the hassle and frustration. This credit was issued to help homeowners deal with large assessment increases on their principal residence. You only need to submit your application once.
The biggest condition on getting the credit is this:
Dwelling must be the owner’s principal residence and the owner must have lived in it for at least six months of the year, including July 1 of the year for which the credit is applicable, unless the owner was temporarily unable to do so by reason of illness or need of special care. An owner can receive a credit only on one property—the principal residence.
What does this mean?
It’s now 2018. If you purchased your home July 2, 2017 OR AFTER, your credit will be able to go into effect July 1, 2018. I tell my Maryland home buyers to apply when you purchase but also check again at the begin of the next year and to sure your application went through.
What you need to apply:
1. Find your Identification/Real Property Account Number on the sdat search
2. Find your county code below:
County Code (2 digits):
Anne Arundel – 02
Baltimore City – 03
Baltimore Co. – 04
Calvert – 05
Caroline – 06
Carroll – 07
Cecil – 08
Charles – 09
Dorchester – 10
Frederick – 11
Garrett – 12
Howard – 14
Kent – 15
Montgomery – 16
Prince George’s – 17
Queen Anne’s – 18
Somerset – 20
St. Mary’s – 19
Talbot – 21
Washington – 22
Wicomico – 23
Worcester – 24
If you are mailing in your application this is all you need.
If you are applying online, you’ll need a “Access Number”. You can’t get this online. You can to call 410-767-2165. Tell them you are applying online and need your Access Number.
Once you have this number, go thru the prompts online and submit.
*****Tricks to the Real Property Account Numbers:
The number is based on County Code _ _, Assessment District _ _, Account Number _ _ _ _ _ _
BUT if you are in Anne Arundel County the code is:
County Code _ _, District _ _, Subdivision then Account Number _ _ _ _ _ _ _ _ _ _ _
BUT if you are in Baltimore City the code is:
County Code _ _, Ward _ _, Section _ _, Block _ _ _ _, Lot _ _ _
Like most applications, the process looks more complex than it really is, reach out to me if you need some help!
Throughout most of the year, locals flock to Patterson Park for many different reasons. Baltimore Sports & Social Club (BSSC) keeps the fields busy with young professionals. Friends of Patterson Park host free concerts throughout the summer months. It’s become part of the route for the Baltimore Marathon, several road bike races, and the popular Kinetic Sculpture race. There’s a pond, a pool, tennis courts, an ice skating rink, a playground, a dog park and acres and acres of park grounds. Below is a picture of last year’s Halloween parade on the park and a picture of neighbors on the park for a free concert.
This park is 2816 E Baltimore Street‘s front yard! 2816 E Baltimore was is a full gut renovation. It stands 4 levels high w/ 2,470 finished sq ft, a parking pad, 2 tier roof deck, and 9 years left on the CHAP tax credit. With 5 large bedrooms, 4.5 baths, a wet bar, and a gourmet kitchen this house is great for entertaining but can also fit your growing family.
Above I mentioned that this house also has a CHAP tax credit. You may have heard about these credits but do you know how they work?
2816 E Baltimore St was purchased in the Spring of 2015. Before anything is done to the property, the appraiser from the CHAP office comes to put a value on the property. The pre-improvement appraisal amount for this property came in at $180,000.00. After the renovation was completed the CHAP appraiser comes back for the Post-improvement appraisal. The house turned out beautiful, see the pictures below. The post-improvement appraisal amount came in at $490,000.00.
CHAP tax credits: Here is the math breakdown:
CHAP appraisal before renovation is 180k
CHAP appraisal after renovation is 490k.
The “locked in” credit is 310k x 2.32 = $7,192.00/year in taxes ($599.33/month)
So let’s say the state’s assessment after renovation is 500k.
Normal tax bill for the city portion is 500k x 2.32 = $11,600year ($966.67/month)
CHAP credit is $7,192/year
TOTAL AMOUNT OF CITY TAX $11,600 – $7,192 = $4,408.00 ($367.34/month)
Buyer will save about $367.34 a month, over 4k a year!
***These numbers are good estimates but not exact.
When purchasing a CHAP tax credit house it is important to get the CHAP appraised amounts so that you can calculate the taxes that the buyer will be paying. The above example should help you calculate but in the event you still have questions, please contact Suzie Coronel at suzie@CrabbyHomes.com or the cell number in the banner below.
Looking for a rental close to Baltimore’s Patterson Park, Canton and Fells Point? Since this house has 2 bedrooms and 2 full baths on the same level, this house is perfect for roommates. 250 S Bouldin offers 3 finished levels, easy parking, large kitchen with island and a finished basement. Contact Suzie Coronel for details and showings.
250 S Bouldin Street, Baltimore, MD 21224
2 full baths
Available Dec 1st or Jan 1st
$1800 a month + water quarterly.