Recently Sold Properties in Hampden

Recently Sold Properties in Hampden
This is a batch of particularly beautiful homes!

3336 Gilman Terrace
List Price: $298,500
Sold Price: $295,000 less subsidy of $8850 = $286,150
% of List Price: 95.9%
Days on Market: 12
3 bedroom 1 bath rowhome on arguably one of the most sought-after blocks in Baltimore. Architect-owned porchfront renovation with hardwoods, Viking and stainless appliances, new bath, roof and windows, cate5 and video networked throughout.


2960 Keswick Road
List Price: $289,900
Sold Price: $269,900
% of List Price: 93.1%
Days on Market: 95
2 bedroom 2.5 bath rowhouse in Hampden along Wyman Park with open floor plan, 2 master suites, chefs kitchen with stainless appliances and 42 inch maple cabinetry, cherry hardwood floors throughout, and exposed brick.


2007 Clipper Park Road #318
List Price: $279,000
Sold Price: $270,000 - less subsidy of $10,000 = $260,000
% of List Price: 93.2%
Days on Market: 53
2 bedroom 2 bath condo in MillRace condos at Clipper Mill. Floor to ceiling views of green from every room. Gourmet kitchen with granite, walk-in closet, deck, and all the Clipper Mill amenities. Condo fee is $328/month.


3626 Paine Street
List Price: $198,600
Sold Price: $199,250 - less subsidy of $11,250 = $188,000
% of List Price: 94.7%
Days on Market: 327
2 bedroom 1.5 bath renovated rowhouse right off the Avenue with 42" Oak cabinets, granite countertops, hardwood floors, marble master bath, and fully finished basement.



3903 Keswick Road
List Price: $255,000
Sold Price: $259,500
% of List Price: 101.8%
Days on Market: 16
3 bedroom rowhouse with 3 *full* baths, hardwood floors, beautiful landscaping, priced to sell. Short sale.



3427 Woodberry Avenue
List Price: $635,985
Sold Price: $641,750 - less subsidy of $9900 = $631,850
% of List Price: 99.3%
Days on Market: 61
New, contemporary, eco-friendly townhome in Clipper Mill. 3 bedrooms, 2.5 baths, wooded views, sustainable options, plus all the amenities of Clipper Mill.



3444 Roland Avenue
List Price: $229,900
Sold Price: $224,900
% of List Price: 97.8%
Days on Market: 74
Newly renovated 3 bedroom 1.5 bath rowhouse with new hvac, electric and plumbing, hardwood floors, new kitchen and baths, CAC, and 42 inch cabinets.

Recently Sold Properties in Hampden

The following properties recently closed in Hampden.

3530 Roland Avenue
List Price: $239,900
Sold Price: $229,460- 95.6% of list price
Sold Date: June 30, 2008
Days on Market: 230
3 story 3 bedroom 2.5 bath semi-detached with central air, new hardwoods, new windows, and new plumbing.


3322 Chestnut Avenue
List Price: $164,000
Sold Price: $150,000 - 91.5% of list price
Sold Date: June 30, 2008
Days on Market: 191
3 bedroom 1 bath rowhouse with work needed.


1024 Union Avenue
List Price: $200,000
Sold Price: $172,000 - 86% of list price
Sold Date: June 30, 2008
Days on Market: 180
3 bedroom 1.5 bath detached home on a great block, some updates needed. Sold in as-is condition.


1227 Union Avenue
List Price: $172,500
Sold Price: $170,000 - less seller subsidy of $5,000 - 95.6% of list price
Sold Date: June 30, 2008
Days on Market: 21
3 bedroom 1 bath rowhome with updated kitchen, windows & doors.

1018 42nd Street
List Price: $140,000
Sold Price: $115,000 - 82% of list price
Sold Date: July 15, 2008
Days on Market: 32
3 bedroom 1 bath rowhome in need of work, sold in "as-is" condition.

3749 Keswick Road
List Price: $299,900
Sold Price: $295,000 - 98.4% of list price
Sold Date: July 3, 2008
Days on Market: 10
3 bedroom 2 bath in excellent location with hardwood floors, rehabbed kitchen, stainless appliances, 2 decks, & 9 foot ceilings.

Hampdenfest is coming...

I recently joined the Hampden Village Merchant's Assocation. This organization has done countless wonderful things for the neighborhood. I'm looking forward to getting involved in their activities!

The next big thing coming up is Hampdenfest. It will be held September 13th on the Avenue from 11am to 7pm. It is much smaller and less tacky than Honfest. :)

Fun Hampden Real Estate Market Facts!

Here are some facts that might interest you about the current market in Hampden:

Total number of active residential properties available: 109
Average list price of active properties: $243,617

Average sold price of sold properties: $240,696
Average sale-to-list price percentage: 97.4%
Average days on market for sold properties: 88
Number of sold properties year to date: 82

Number of listings that have expired without selling year to date: 14

If no new properties were listed from today on, it would take at least 8 months to sell off the current available inventory.

Current prime interest rate: 6.15% for a 30 year fixed conventional loan


Now to compare to last year:
In 2007, the average sold price was $233,814. This year it's $240,696. So property values in the Hampden section of 21211 have actually appreciated 2.9% since 2007.

However, there are other market factors that affect getting that higher price. Since there is such a large inventory of property available, buyers are inclined to offer less, and sellers are inclined to take those offers when they haven't had any other serious interest. Additionally, the growing number of foreclosures and short sales will continue to bring prices slightly downward and affect the value of nearby comparable properties. An unfortunate sign of economic times for some people.

There are no hard and fast rules that you can live by here - but you can realistically expect to sell for near 97% of list price in this market. Please bear in mind that that percentage will quickly go down if you choose to overprice your property - overpricing leads to unnecessarily long days on market and lowball offers. It is better to take your real estate agent's advice - price your property realistically from the get-go - and be under contract within 90 days!

I welcome your emails or phone calls with any questions or suggestions!

Tina


All statistics are as of 7/10/08