Summer is quickly coming to an end. Folks are taking their last minute vacations. Those with children are getting them ready to start a new chapter.
However, in real estate, we gear up to finish the year out strong! Baltimore real estate is thriving. In fact most Realtors will tell you that there wasn’t the usual break in August / September. In Baltimore City, CHAP tax credit properties are also still thriving.
612 S Kenwood Ave, Baltimore, MD 21224 is a new CHAP tax credit renovation in the heart of Canton. This home went thru the entire CHAP tax credit process. Here is a short time line on the CHAP process from start to finish.
2-23-2015 – 612 S Kenwood was purchased for $157,000.00. The assessment at the time of purchase was $163,867.00.
– Current pictures of historical features and a scope of work was submitted into the CHAP tax credit office.
3-09-2015 – The CHAP tax credit office appraiser came out to the house to verify the conditions as well as set an appraised amount before the renovation.
4-30-2015 – I received the “Historic Rehabilitation and Restoration Tax Credit Application Preliminary Approval” via email. This allows us to pull permits, start demo and build the reconstruction.
8-13-2015 – The house took roughly 3 and 1/2 months to completely renovate. Everything from top to bottom was replaced and upgraded. In order to get full approval from the CHAP tax credit office, there are lists of guidelines and procedures that must be followed.
9-02-2015 – The final docs were submitted to the CHAP tax credit. This includes renovation pictures, cost summary, and permits pulled.
We are now waiting on the city appraiser to come back out to see the renovation, confirm that the proposed scope of work was done, and give an appraised value to the finished home. That will follow with a letter from Historic Rehabilitation and Restoration Tax Credit office with a full approval and this completes the process with the city offices.
612 S Kenwood Ave – Canton – CHAP tax credit home
$399,000.00
4 bedroom, 3 full baths, 3 finished levels
wood floors throughout
granite on all counters including the 3 bathrooms
Stainless in the kitchen, with island
easy parking pad
2 level roof deck
Here are a few BEFORE and AFTER pictures that you might enjoy seeing.
