724 South Lakewood Avenue

Local assessors in Baltimore, MD have categorized 724 South Lakewood Avenue as a residential type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 898 square feet. The linear feet between the front and back of the lot was measured at 700 ft and the front of the lot was measured at 120 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 724 South Lakewood Avenue has a total of 1,360 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 260 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a roof that is made of asphalt and ply sheets in a built-up roof style. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. The property was last sold in Mar 16, 2021 for $250,000. That's $227.27 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $60,000. 724 South Lakewood Avenue was last assessed in 2023. The total value of the property was assessed at $186,900. Specifically, the land the property is located on was valued at $100,000. While improvements on the property were assessed at a total of $86,900. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,411. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.