Baltimore's Waverly neighborhood is poised for success. Spend time there and you'll see a newly renovated public library, a brand new elementary + middle school, a popular Saturday farmer's market, outstanding recreational facilities at Lake Montebello, and some of the most affordable real estate in the popular 21218 zipcode.
Own for less than rent in Baltimore's Waverly neighborhood, where mortgage payments of less than $775 per month are applied against rental values for the same properties at $1300 per month. That's right, almost a 1:1 ratio. With those numbers you can reduce your monthly housing costs by staggering proportions.
In Waverly you can purchase a quality home for around $90 per square foot. If its a fixer-upper you're after, the price-per-square foot is closer to $25 per square foot (as of May 2016). Waverly is located within the Johns Hopkins Homewood Live-Near-Your-Work boundary, so grant money towards purchasing a home is available to faculty and staff of both the university and the health system.
Classic Baltimore is alive and well in Baltimore's Waverly neighborhood. An impressive seafood market can be found at Waverly Crabs at 3400 Greenmount Ave. This place really does not have a website, you just have to go. You'll know its the right time to go because the smell of Old Bay will hang in the air.
In Waverly there are a wide range of houses that attract buyers; those built before WWI featuring Victorian details, and early 20th Century properties including; traditional rowhouses, tudor-style rowhouses, solarium houses featuring glass enclosed front porches, and of sunlight-style rowhouses also known as "The Baltimore Bay". The mix of these styles paired with the mature trees comprise the visual fabric of the diverse neighborhood.
Listed for sale by guerilla realty and priced at $119,000 553 E. 38th St Baltimore, Maryland 21218 is a property worthy of consideration. How good is the price? Besides it being less than the current $122,992 zestimate, what makes this home a smart buy is that it has been well cared for by the owner.
1920's flair meets contemporary living with hardwood floors, a craftsman staircase, 9ft" ceilings and a digital wifi enabled nest thermostat. The living room is spacious enough to carry a good amount of furniture, so the dining room ends up feeling like bonus space.
The back of the first floor houses the kitchen which was renovated in in 2009. You'll appreciate a new upgraded faucet, dishwasher, gas stove and separate pantry. And another thing you'll notice is that every single room in the house has windows, no exceptions - hence the "sunlight-style" descriptor.
The nicest room in the house may be the master bedroom. The bay windows and soft carpeting give the space a quiet sophistication. The light turquoise paint color sets the mood for rest and relaxation. The well designed bedding and matching window treatments provide a hotel vibe.
The top floor of the home features three bedrooms with a full bath. An additional half-bathroom can be found in the lower level. A room that once again feels like a bonus space is the middle bedroom that currently functions as a home office / library.
The rear bedroom on the top floor has a walk out to a private balcony - which is one of two balconies you'll appreciate overlooking the backyard (the second being off the kitchen). This room has enough space and good features that someone won't feel too jealous about missing out on the master bedroom. An ideal scenario for roommates (not to mention having someone else help pay your oh-so-modest mortgage).
The backyard is a good size and comes with a tall fence. Its been a bit under-utilized by the current owner, but has lots of potential going forward - especially if you like to garden since its oriented south. There is also potential to use part of the backyard space for off-street parking. Its not something the new owner will need, but its nice to know its an available option.
Last but not least, the full height dry (unfinished) basement offers ample storage and houses the washer dryer and powder room. Its a walkout basement, so if you'd like to finish the space to increase the overall above grade living space, the opportunity is there.
Waverly is next to Ednor Gardens and is strategically close to Morgan State University and Johns Hopkins University. A favorite Baltimore destination for families in the springtime is Sherwood Gardens in Guilford which is just a few blocks away. For evening entertainment, it's a short distance to Charles Village (home of the Baltimore Museum of Art), Hampden or Belvedere Square. Grabbing a bus and heading downtown is a breeze. Its true that Waverly need a more vibrant commercial corridor, the only upside is that may be a significant reason that property values remain so affordable....for now.
Smart Buy in Baltimore's Waverly neighborhood
553 E. 38th St is for sale by guerilla realty for $119,000
The property is available for preview by appointment.
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