Hot House: 1419 Eutaw Place, Baltimore, 21217 MD
Charleston colonial, circa 1865, in white painted brick with front and side porches and built up roof. Four bedrooms, 3.5 baths over three levels and 4,701 sq. ft. Recently renovated with large rooms, hardwood floors, gourmet kitchen, living and dining rooms with fireplace, billiards room, office, master bedroom suite with walk in closet. Fenced garden, unfinished basement, central A/C: $599,000
What: A test case. In the wake of last week’s civic unrest, people who care about Baltimore’s economic health will be keeping a close eye on real estate values. As a recent Washington Post article pointed out (thanks, guys) Baltimore City gets two thirds of its revenue from property and income taxes. So, if real estate values decline, it’s a problem. Bolton Hill is a natural test case. A neighborhood of tree-lined streets and elegant 19th century townhomes (average price, close to $500K), Bolton Hill is located just a mile from the center of the rioting at W. North and Pennsylvania Avenues. If buyers are scared, this is where it might be most apparent. Jessica Dailey, a Bolton Hill realtor, is not worried. “I had an open house on Sunday that attracted four very interested potential buyers. Last week, days after the events of Monday night, a large [Bolton Hill] house went on the market and sold in three days. Prices will continue to climb here.” Well, let’s see. 1419 Eutaw Place in Bolton Hill is priced at $599,000 and has been on the market for a few months. It’s got lots of curb appeal , and it should get pretty close to the asking price. Fingers crossed.
Where: In addition to its wide streets and beautiful architecture, Bolton Hill’s proximity to Penn Station and the MARC train to D.C. have long been selling points for Bolton Hill residents. In recent years, proximity to the burgeoning Baltimore art scene, comprised of Station North and MICA, have been almost as much of a draw. The B Bistro is nearby, while On the Hill Cafe and Joe Squared Pizza are on North Avenue. This house is on the west side of Bolton Hill, close to Reservoir Hill.
Why: A unique and charming house in an attractive urban setting.
Why Not: Further from Penn Station than most Bolton Hill houses.
NB: This is a tight and welcoming neighborhood, with a variety of interesting people.