What Can $1 Million Get You In Baltimore?

A seven-figure budget goes a long way in the city of Baltimore, whether you’re pursuing a spacious downtown condo or a historic mansion in one of its many neighborhoods.

With rising home prices and a diminishing inventory, Baltimore’s real estate market is becoming increasingly more competitive. According to Redfin, the asking price of homes for sale in Baltimore has increased 13.2 percent since September 2017 while the number of homes for sale has decreased 1.3 percent in the same amount of time. While this isn’t exactly an ideal situation for buyers interested in the Baltimore market, they needn’t fret. A $1 million budget yields some nice returns as far as property value and square footage are concerned.

Baltimore has a rich history, evident in the many different styles of homes scattered throughout the city limits. Rowhomes have a large presence, as do large detached single-family homes perched on hills and sprawling lawns. Elsewhere, buyers can find luxury downtown condos and modern residences near the city’s famed port.

In the Fells Point neighborhood near Patterson Park, this stunning top-floor condo with an asking price of $990,000 has three bedrooms and three full bathrooms. Built in 1921, the 4,200-square-foot residence has two levels and plenty of outdoor space, including balconies on each floor and a rooftop terrace with panoramic views of Baltimore.

Another high-end condo in heart of the popular neighborhood of Canton hit the market for $899,000. The building may have been built in 1910, but the interior of this residence is the pinnacle of contemporary chic. A massive kitchen with an island, stainless steel appliances and a backsplash that is to die for make up much of the first level. In addition to its five-bed, five-bath floor plan, the home features a balcony with stairs leading to a rooftop deck that provides excellent city views to whoever is lucky enough to buy it.

Right on the water in the Harbor East district, this condo on the fourth floor of an eight-story building is available for $980,000. What it lacks in space at 1,700 square feet, it makes up for in views from each of its three bedrooms. Its buyer will enjoy a private balcony with harbor views and the many amenities the building offers, including access to a community gym and an enclosed top-floor pool for multi-seasonal use.

Beyond spacious city condos, Baltimore is teeming with expansive, classically styled homes to the north of the city’s center. This Georgian-style residence made of red brick was designed and built in 1920 by famed Baltimore architect Laurence Hall Fowler. The columned entrance opens to more than 6,900 square feet of space spread through three stories that include seven bedrooms and four bathrooms. Coupled with its ample yard space, the property deserves its $995,000 price tag.

North of the city in the Roland Park neighborhood lives this classic American foursquare that recently sold for $1,000,000 flat. This home style was popular in the Baltimore area during the time the home was built in 1905, though the property was renovated to meet the needs of modern homeowners over the last 10 years. Its 4,300 square feet contain five bedrooms and five full bathrooms.

Elsewhere in Roland Park, buyers looking to splurge a little can enjoy this classic Victorian for $1,085,000. A long driveway leads up the 1.35 acre lot to the 4,700 square-foot home that has five bedrooms, four bathrooms, a massive wraparound front porch and a modern kitchen.