503 North Paca Street
Baltimore, MD 21201
$399,000
Price
3
Beds
3
Baths
1,904 Sq. Ft.
$210 / Sq. Ft.
1,904
Sq. Ft.
$210
per Sq. Ft.
Description
200+ year-old Federal-style guesthouse in artsy Seton Hill - the historic "French Quarter" of downtown Baltimore. Currently set up as an owner-occupied bed and breakfast, the property is zoned commercial as well as residential. With separate living quarters for the owner-manager and four dedicated guestrooms, the property is being offered at a 10%+ cap rate. With easy access to metro light rail and Baltimore's expanding bike lane network, the convenient and central downtown location between Lexington...200+ year-old Federal-style guesthouse in artsy Seton Hill - the historic "French Quarter" of downtown Baltimore. Currently set up as an owner-occupied bed and breakfast, the property is zoned commercial as well as residential. With separate living quarters for the owner-manager and four dedicated guestrooms, the property is being offered at a 10%+ cap rate. With easy access to metro light rail and Baltimore's expanding bike lane network, the convenient and central downtown location between Lexington Market and Mount Vernon makes it possible to go car-free, though on-street parking is plentiful and guests can use a private lot two doors down for $7/day (great monthly rates also available). This rare end-of-group rowhome is next door to a lovely new bookstore, across the street from Trinacria Deli, and just steps from Saint Mary’s Park - starting point for Bike Party! As the city’s fastest growing neighborhood, Seton Hill is well positioned to benefit from downtown’s ongoing residential renaissance as more and more people realize the amazing lifestyle on offer here - a unique East Coast urban experience with so much at your fingertips: galleries, museums, theatres, restaurants, bars, cafes, historic landmarks and architecture, both stadiums, easy access to DC and NYC - it's a very special location. Listed 3BR, this does not include two attic guestrooms, which can each generate as much as $1500/month as short-term rentals. Two larger guestrooms offer even more income potential, making a total of five rentable guestrooms - one ensuite while the three share a bathroom. All guestrooms have deadbolts and access to the kitchen, courtyard, bar/lounge, media room, and laundry. It is also possible to rent the basement unit which has its own bathroom and kitchenette separate from the rest of the house. This model, similar to European-style hostels with their shared spaces, has attracted valued guests from around the world to rave reviews. The property is being offered as a proven bed and breakfast business. It conveys turnkey: fully furnished, equipped, and ready to host fascinating guests from around the world and all walks of life. Baltimore makes it easy to get a short-term rental license, and as long as the owner occupies the dwelling it is not necessary to go through the normal inspection and registration process required for traditional rentals. And with some attractive tax advantages, this setup can be a very efficient small business, leaving the owner free to pursue other projects. NOTES: new 11 GPM tankless hot water heater (2024) / new flat roof over extension (2024) / new mini split AC and heat pump units in both attic rooms (2024) / complete office-to-residential conversion and renovation (2017 project list available upon request). 1900 sq ft listed PLUS additional 1900 sq ft of income-generating space in the basement and attic. The design of the home is not only beautiful but puts every square inch to good use. Please also note, this house is much older than 1910. Interesting fact: Many historic Baltimore properties, including this one, are listed inaccurately due to a 1910 fire that destroyed the city's property records. This rowhome was most likely built circa 1820... though you'll have to do your own research and provide plenty of documentation if you want to get one of those cool historic register plaques : )
- Listed by Jonathan Minerick • Homecoin.comP: (888)-400-2513 info@homecoin.com
Property Details for 503 North Paca Street
Tax ID Number
0317080547A013
OwnershipFee Simple
Condo Coop AssociationNo
HOANo
Structure TypeEnd of Row/Townhouse
StyleFederal
Levels/Stories2
WaterfrontNo
LISTING UPDATED: 11/29/2024 12:03 PM
Property Details for 503 North Paca Street
| Status | Active |
|---|---|
| MLS # | MDBA2146604 |
| Days on Market | 5 |
| Taxes | $4,491 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Townhouse |
| MLS Type | Residential / Fee Simple |
| Year Built | 1920 |
| Lot Size | 0.02 AC / 952 SF |
| County | Baltimore Independent City |
Building Information for 503 North Paca Street
Stories2Residences-Year Built1920Lot Size0.02 AC / 952 SF
Property Information for 503 North Paca Street
Location
Location
- In City Limits: Yes
- Transportation: Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
- School District Name: BALTIMORE CITY PUBLIC SCHOOLS
- School District County ID: 121137830454
- SchoolDistrictSource: Listing Agent
- County: BALTIMORE CITY
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Property Manager Y/N: No
- Elevator Use Fee: $0
- Senior Community: No
- Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2024
- Tax Assessed Value: $190,300
- Year Assessed: 2024
- County Tax: $213
- Improvement Assessed Value: $235,700
- City Town Tax: $4,278
- Land Assessed Value: $23,800
- Clean Green Assessed: No
- Land Use Code: C
- Section: 08
- Loss Mitigation Fee: No
- Agricultural Tax Due: No
- Historic: Yes
- Zoning: C-1
- Tax Lot: 013
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
- Pets Allowed: Yes
- Pet Restrictions: No Pet Restrictions
Rooms
Main
- # Bedrooms Count Main Level: 3
- # Bathrooms Count Main Level: 3
- # Bathrooms Full Main Level: 3
Rooms
- Stories: Main
Building Info
Building Info
- Year Major Reno Remodel: 2017
- Total Finished SQFT: 1,904.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 1,904.00
- Total SQFT: 2,856.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Roof: Composite, Rubber
- Flooring Type: Hardwood
- Basement Type: Other
- Foundation Details: Other
- Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bedrooms-Main Level-3, Bathrooms Full-Main Level-1, Bathrooms Full-Main Level-2, Bathrooms Full-Main Level-3
- # Bathrooms Full: 3
- Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Fencing: Masonry/Stone
- Location Type: Downtown
- Parcel ID: 13000909
- Additional Parcels: No
- Ground Rent Exists: No
- Ground Rent Payment Frequency: Annually
Parking
Parking
- Type Of Parking: On Street
Interior Features
Interior Features
- Fireplace: Yes
- Fireplaces Count: 2
- Accessibility Features: None
- Laundry Type: Basement, Has Laundry
Exterior Features
Exterior Features
- Spa: No
- Outdoor Living Structures: Patio(s)
- Pool: No Pool
Utilities
Utilities
- Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available
- Heating: Yes
- Cooling Type: Central A/C, Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Natural Gas
- Hot Water: Tankless, Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
Confidential Data
Listing Office
- List Agent URL: homecoin.com
Property History for 503 North Paca Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 503 North Paca Street
Taxable ValueLand$23,800Additions$166,500Total$190,300
Tax Record2023$4,491 ($374 / month)
Home Facts
Total Finished SqFt2,856 SqFtAbove Grade Finished SqFt1,904 SqFtFinished Basement SqFt952 SqFtStories2Lot Size952 SqFtStyleOffice BuildingYear Built1920ZoningC-1CountyBALTIMORE CITYAPN17-08-0547A-013
Schools near 503 North Paca Street
This home is within Baltimore City Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 7 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Booker T. Washington Middle School Public6 to 8 | ||
Augusta Fells Savage Institute Of Visual Arts Public9 to 12 | ||
Paul Laurence Dunbar High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Homecoin.com
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/29/2024 12:03 PM