Baltimore MD Real Estate & Homes for Sale

Welcome to 402 East North Ave, a masterpiece of modern urban living in the heart of Baltimore. This expansive end-unit townhouse has been meticulously transformed, offering three levels of sophisticated design, 5 spacious bedrooms, and 3.5 luxury bathrooms. Every inch of this home reflects a commitment to high-end craftsmanship and sleek, contemporary aesthetics. Step inside to an airy, sun-drenched floor plan anchored by gorgeous light-oak hardwood floors and soaring ceilings. The living area is a true showstopper, featuring a custom geometric accent wall and a deep-inset coffered tray ceiling finished in a bold charcoal hue, crowned by a cascading crystal chandelier. The flow leads effortlessly into the gourmet kitchen and dining zone, where you'll find: Pristine white shaker cabinetry accented with brushed gold hardware. Professional-grade stainless steel appliances and a deep farmhouse sink with a matte black industrial faucet. Sparkling white quartz countertops with an oversized breakfast bar, perfect for casual mornings or evening entertaining. A vibrant emerald green slat-wall adds a touch of organic texture to the dining area. Upper Levels: Private Sanctuary The upper floors house the private quarters, including a primary suite. Retreat to a bathroom featuring floor-to-ceiling porcelain tile, a walk-in shower with a rainfall head and a standalone soaking tub. Large windows throughout the home ensure each of the five bedrooms is filled with natural light. A fully finished lower level provides additional living space, a laundry center, and a convenient kitchenette/wet bar - ideal for guests or a roommate setup. Step out onto your private rear deck, perfect for summer grilling, overlooking a secure, fenced-in parking pad. Enjoy extra privacy, more windows, and a commanding street presence. From the recessed lighting to the custom-built iron railings, no detail has been overlooked. This is more than a renovation; it is a total reimagining of the Baltimore rowhome. Schedule your private tour today and experience the pinnacle of North Ave luxury.

This two bedroom unit , originally a three bedroom, has been customized to maximize the corner views and living room space while still offering second bedroom/den/office. A light color palette emphasizes the abundant light and open space. All mechanicals, including HVAC and water heater are new with this renovation. A formal, elegant double door entry opens onto a wide foyer with a contemporary remodeled kitchen with upgraded countertops and stainless appliances. The breakfast bar overlooks a spacious dining area, and just beyond, french doors lead to a large eastern facing balcony. A series of oversized windows frame snapshots from historic Little Italy all the way to the sparkling towers of Harbor East. In the primary suite, occupants are spoiled with a giant walk-in closet, a set of french doors leading to a covered terrace with harbor and city views, and a sumptuously renovated bath with walk-in shower. Lots of closet/storage space and garage parking for one car included. Enjoy the Indoor pool, sundeck, fitness center, community room, resident library, game room, and 24-hour staffed front desk . Our on-site real estate office will facilitate all viewings. Call us for a tour.

Gorgeously renovated, light-filled, two-bedroom unit in full-service, secure, elevator building offering a 24-hour front desk, on-site management, indoor pool, waterside sundeck with grills, community library, gym, and resident lounge. The elegant double entry doors open to a wide foyer leading to a spacious living/dining combo space with huge oversized windows and a private city view balcony. The split bedroom design with sleeping spaces on either side of the unit provides ultimate privacy. Contemporary flooring throughout. Kitchen equipped with stainless appliances and beautiful cabinetry topped with granite counters. Bathrooms updated with granite counters, new vanities and modern light fixtures. Primary bath renovated with walk-in shower. In-unit laundry. Giant walk-in closet. One parking space in attached garage included. Come take a look at this gorgeous unit and make it yours. Stop into our on-site real estate office located adjacent to the main condo entrance at Scarlett Place.

Welcome to this breathtaking newly renovated end-unit townhouse, where sophisticated design meets thoughtful craftsmanship. Spanning four finished levels of luxury, this 5-bedroom, 3.5-bathroom masterpiece offers an unparalleled living experience in the heart of Baltimore. Step inside to an expansive open-concept floor plan illuminated by recessed lighting and natural light. The living area serves as a true showpiece, featuring a striking custom geometric accent wall and designer tray ceilings with integrated lighting. Rich wide-plank flooring guides you through the seamless transition from the lounge to the dining heart of the home. The gourmet kitchen is a study in contemporary style, boasting: Pristine quartz countertops and a sprawling waterfall island with breakfast bar seating. Elegant white cabinetry accented by brushed gold hardware. Full suite of high-end stainless steel appliances. Unique wood-slat feature walls and designer pendant lighting that add warmth and texture to the space. The upper levels house the spacious bedrooms, including a sanctuary-like primary suite. The bathrooms are finished with luxury in mind, intricate tile work, and oversized showers with rainfall heads and matte black fixtures. The fully finished basement adds versatile living space, perfect for a home office, gym, or media room. Rare for city living, this property includes a private parking pad at the rear, ensuring you never have to hunt for a space. Fully reimagined from top to bottom. Commanding end-unit presence with classic brick character and modern charcoal accents. Private rear parking pad. Experience the height of Baltimore luxury. Schedule your private tour of 1448 Aisquith St today!

Excellent opportunity for investors! This three-unit property including basement offers strong cash-flow potential and multiple income possibilities. Recently freshly painted, this property is located on a block that's been fully revitalized, surrounded by newly renovated homes. Situated in a high-demand rental area, this property promises great ROI potential, whether you're looking for steady passive income or an ideal fix-and-flip project, with ARVs on the block exceeding $300k.

Super-size one bedroom, one and half bath unit with brand new wood floors and private balcony overlooking Baltimore's Inner harbor. Full service, secure, elevator building with attached parking, 24-hour desk, and on-site professional management. Scarlet Place offers newly renovated hallways, storage locker, and first class amenities. Parking space in attached garage conveys. Washer dryer in unit. Gorgeous, light filled unit with panoramic views from huge windows. Enjoy the year-round indoor pool, state-of-the-art fitness center, newly renovated community library, resident lounge and library. City living at its best.

Welcome home to the iconic Belvedere! Nestled in the West Wing of the building, this well-maintained 1-bedroom, 2 full bath residence is a true blank canvas, ready for your personal vision and style. Step inside to soaring 10-foot ceilings and brand-new hardwood flooring that create an open, airy feel throughout. With its flexible layout and generous space, this unit offers endless possibilities to design the perfect urban retreat. Living at The Belvedere means more than just a home - it's a lifestyle. Enjoy 24-hour lobby service for added security and convenience, and take advantage of the building's stunning historic amenities, including grand ballrooms, the elegant John Eager Howard Room, the legendary The Owl Bar, a 13th-floor lounge with breathtaking views, and even a unique lower-level shopping arcade. Perfectly located near top dining, shopping, and everyday conveniences, this is city living at its finest - rich in character, history, and accessibility. Don't miss your opportunity to own a piece of Baltimore history. Schedule your private tour today and experience The Belvedere lifestyle for yourself!

Beautifully Furnished! Fabulous Row Home in the Heart of Historic Mount Vernon!!! Perfection in Every Regard!!! Huge Dining Room, Gourmet Kitchen with Island, Stately Living Room with Built-Ins, Large Primary Full Bath with Walk-In Shower and Soaking Tub, Separate Upper Level Suite, Finished Lower Level. Private on Site Parking, This Residence is Gorgeous, on Wide Street Among Baltimore's Finest Residences. Ideal Location to Major Hospitals, Penn Station, Baltimore Symphony, Walters Art Gallery, Peabody Institute, MICA, Center Stage, Fine Dining and Downtown Baltimore Inner Harbor. Furniture can convey.

Experience elevated city living at The VUE in the heart of Harbor East. This one-bedroom, one-bath condo features large windows that provide abundant natural light and beautiful views, new floors, updated carpet, and a modern kitchen with stainless steel appliances. The bathroom offers a spacious walk-in shower, and the convenience of in-unit laundry includes a new washer and dryer. Enjoy full-service luxury with 24-hour security, concierge service Monday-Saturday, secure package delivery, and one deeded covered parking space, plus guest parking. Residents have access to premium amenities including a dog park, EV charging, bike storage, and direct access to Harbor East Cinemas and the Coppermine gym. Step outside to Baltimore's most vibrant neighborhood-just moments from top dining, boutiques, Whole Foods, Starbucks, the waterfront promenade, and the Water Taxi. With easy access to downtown, stadiums, Johns Hopkins, Penn Station, and BWI, this home offers ideal city living with exceptional convenience. Coppermine Gym is getting a full remodel, please tour!

TWO-BEDROOM CORNER UNIT MODEL WITH BALCONY AVAILABLE! Welcome to the Four Seasons Private Residences in Harbor East, where luxury meets lifestyle in Baltimore's most coveted waterfront address. Perched above the city in a prime corner location, this exceptional two-bedroom, two-bathroom residence offers breathtaking views of the Inner Harbor and sweeping city skyline from nearly every room. With floor-to-ceiling windows that bathe the home with natural light, and a private balcony, the ever-changing waterfront scenery becomes part of your daily living experience. Thoughtfully designed to utilize every inch with purpose, this unit lives larger than 1,685 sq ft! Step into an atmosphere of sophistication with soaring ceilings, rich walnut chevron-patterned flooring, and designer finishes throughout. The gourmet kitchen is a chef's dream, outfitted with Miele appliances, sleek Eggersmann soft-close cabinetry, luxurious marble stone countertops, and a built-in Sub-Zero wine fridge - perfectly blending timeless elegance with modern function. The primary suite is a tranquil sanctuary, offering two custom-built walk-in closets for optimal storage and a spa-inspired, marble-clad en-suite bath featuring a double vanity with designer finishes, a glass-enclosed walk-in shower with a built-in bench and niche, separate water closet, and a sculptural freestanding soaking tub that invites total relaxation. The second bedroom offers equal comfort and privacy with its own full bath and ample storage. Every inch of this home is elevated by exceptional attention to detail, all complimented by an absolutely breathtaking waterfront backdrop. The Four Seasons Private Residences Baltimore offers a turn-key elevated lifestyle. As a resident, you'll enjoy a private entrance where you will be met by our full service concierge and on-site building manager to assist with your every need, as well as exclusive access to the sprawling 28th-floor amenity level, where world-class services meet resort-style indulgence. Amenities include an indoor heated saltwater infinity-edge pool, a state-of-the-art fitness center, sauna, coffee station, billiard room, and numerous elegant gathering spaces. Multiple rooftop decks offer panoramic city and harbor views, complete with indoor and outdoor fireplaces, a grilling station, a dining area, and a kitchen, all ideal for entertaining. Completing this unparalleled lifestyle experience are a fully equipped conference room and a dedicated AstroTurf dog-walking area. This residence offers the rare opportunity to live within a full-service, hotel-branded building while enjoying the privacy and sophistication of a true luxury home. All set within steps of Harbor East's acclaimed restaurants, shopping, and the waterfront promenade. This is a MUST SEE TWO BEDROOM!! Immediate occupancy is available. Come see what all the fuss is about!

BRAND NEW SHOWCASE MODEL - TWO BEDROOM + DEN + OFFICE W/ BALCONY AVAILABLE! Welcome to the Four Seasons Private Residences in Harbor East, where luxury meets lifestyle in Baltimore's most coveted waterfront address. This stunning two-bedroom, two-and-a-half bathroom newly furnished model comes with designated den and office spaces, and was thoughtfully designed to maximize every inch, making it live far larger than its 2,772 sq ft. Step into an atmosphere of sophistication with soaring ceilings, rich walnut chevron-patterned flooring, and curated designer finishes throughout. Expansive floor-to-ceiling windows flood the home with natural light and offer breathtaking views of the Inner Harbor and iconic Domino Sugar throughout. The open-concept living and dining areas flow seamlessly into a gourmet kitchen outfitted with Miele appliances, sleek Eggersmann soft-close cabinetry, luxurious marble stone countertops, and a built-in Sub-Zero wine fridge. Just steps away, a wet bar equipped with an ice maker and an additional wine fridge adds convenience and elegance, ideal for entertaining. The primary suite is a tranquil retreat, featuring a massive walk-in closet and a spa-inspired, marble-clad en-suite bath. Enjoy a double vanity with designer finishes, private water closet, glass-enclosed walk-in shower with a built-in bench and niche, and a sculptural freestanding soaking tub that invites total relaxation. A dual-access balcony (accessible from both the living area and the primary suite) offers the perfect perch to take in harbor views and fresh air. The spacious den provides flexible use as a library or media room, and the additional sun-soaked office space offers the perfect setting for productivity and inspiration. Every space is enhanced by motorized window shades and expansive views that change with the light. The Four Seasons Private Residences Baltimore offers a turn-key elevated lifestyle. As a resident, you'll enjoy a private entrance where you will be met by our full service concierge and on-site building manager to assist with your every need, as well as exclusive access to the sprawling 28th-floor amenity level, where world-class services meet resort-style indulgence. Amenities include an indoor heated saltwater infinity-edge pool, a state-of-the-art fitness center, sauna, coffee station, billiard room, and numerous elegant gathering spaces. Multiple rooftop decks offer panoramic city and harbor views, complete with indoor and outdoor fireplaces, a grilling station, a dining area, and a kitchen, all ideal for entertaining. Additional perks include a fully equipped conference room and a dedicated AstroTurf dog-walking area. This residence offers the rare opportunity to live within a full-service, hotel-branded building while enjoying the privacy and sophistication of a true luxury home. All set within steps of Harbor East's acclaimed restaurants, shopping, and the waterfront promenade. This is a MUST SEE TWO BEDROOM + DEN + OFFICE!! Immediate occupancy is available. Come see what all the fuss is about!

ONLINE AUCTION: This auction takes place on the Ashland Auction Group Website Bidding Platform. Bidding begins 05/14/2026 @ 10:00 AM. Bidding ends 05/18/2026 @ 11:00 AM. List Price is Suggested Opening Bid. Deposit: $30,000. 3 bedroom 2.5 bath end-of-group condo with attached two-car rear-entry garage and private first-floor entry. Residents can enjoy the nearby attractions and facilities such as the Inner Harbor, Harbor East, Fells Point, and Port Discovery Children's Museum. The area provides easy access to major traffic arteries including President Street and I-83 (Jones Falls Expressway), connecting to downtown Baltimore and surrounding areas. Built in 2006 with approximately 2,039 square feet of living space across three finished levels. Believed to include an open-concept living and dining area, kitchen with island, stainless steel appliances, upgraded countertops, in-unit washer and dryer, and a finished basement ( 12 x 10) with a connecting stairway and front entrance access.

Welcome to 822 E. North Ave., a beautifully reimagined home in the heart of Baltimore. This stunning 5-bedroom, 3-bath renovation blends modern style with everyday comfort. Just minutes from Baltimore's top attractions and a quick trip to Penn Station, this location delivers both convenience and lifestyle. Step inside to an open, airy layout designed for entertaining and effortless living. Enjoy sleek stainless steel appliances and a sizable fenced-in backyard perfect for gatherings, relaxing, or letting the kids run free. Retreat to the dream-worthy primary suite featuring a spa-inspired bathroom you'll never want to leave. With five bedrooms, there's room for everyone, whether you need space for guests, a home office, or both. Completely renovated from top to bottom with all-new systems, this home is grant eligible and priced to allow the next homeowner to step into instant value and potential equity.

This stunning high floor south facing two bedroom two bath condominium offers an open floor plan filled with natural light and sweeping views of the Inner Harbor! Interior features include many upgrades including hardwood floors throughout, upgraded kitchen with granite countertops and custom tiled bathrooms. The flexible living/dining room is perfect for daily living and entertaining with easy access to the private balcony with amazing views. Two spacious bedrooms including a primary bedroom suite with walk-in closet and private full bath with a custom tiled walk in shower and granite vanity. 414 Water Street offers residents full service amenities including 24-hour front desk staff, lobby security, outdoor swimming pool, event room, fitness center and business center. This residence comes with a highly sought-after storage room on the same-floor and an assigned parking space. Live a turnkey lifestyle in the heart of downtown just steps to great dining, shopping, entertainment and minutes to I-83 and I-95.

This renovated, end-unit townhome offers spacious rooms and tasteful finishes across three levels. The first floor features a comfortable living/dining room and a kitchen with shaker cabinetry, stainless steel appliances including a gas range, quartz countertops, and an island with seating for two. Each of the two upper levels has two bedrooms and a full bathroom (with an additional half bathroom on the second floor). Private outdoor space in the rear is an added bonus or can work as off-street parking for two cars.

Photos coming soon! This contemporary three bedroom, two-and-a-half-bathroom home nestled in the vibrant neighborhood of the Station North Arts District offers an exceptional living experience. It boasts an array of modern features, including stainless steel appliances with a smart oven and built-in air fryer, a smart home thermostat for convenience and optimal comfort, an open floor plan with hardwood floors, very sizable bedrooms and private parking pad. The versatile finished basement provides additional living space and tons of storage. The home spans three fully finished levels, a rooftop Trex deck that offers stunning city light views. Located near the Open Works Makers studio, art galleries, and the Station North Tool Library, perfectly positioned for creative enthusiasts. Just down the block, you'll find a community garden, Guilford Hall Brewing, coffee shops, ample restaurants and an easy walk to Mt. Vernon, Charles Street, Penn Station, the University of Baltimore, MICA, and so much more. This home seamlessly blends contemporary features with the rich, artistic culture of the neighborhood. Don't miss the chance to experience all it has to offer!

It's all about the location, you can walk or bike to everything!!! Enjoy harbor living at its finest. Walk to concerts, grocery and lots of restaurants. Little Italy and Harbor East are at your doorstep....come see today

Stunning, fully renovated home showcasing modern design, quality craftsmanship, and three beautifully finished levels of living space - complete with convenient off-street parking. Step inside to a light-filled open layout with gleaming hardwood flooring throughout and an inviting living room featuring a sleek electric fireplace accented by a custom surround, creating the perfect spot to unwind. The spacious, eat-in kitchen is a true showpiece with Quartz countertops, stainless steel appliances, tile backsplash, ample cabinet space, and a large dining area ideal for family meals or entertaining guests. A stylish main level half bath adds convenience. Upstairs, you'll find two generous bedrooms, each with abundant natural light and closet space. The Primary bedroom suite offers a relaxing retreat with a beautifully appointed ensuite bath featuring designer tilework, a modern vanity, and contemporary fixtures. The finished lower level expands your living options with a spacious family room perfect for movie nights, a home office, or a guest area, and out back, enjoy off-street parking for ultimate convenience. Every detail of this home has been thoughtfully updated - blending comfort, function, and style for today's lifestyle. Eligible for 10K Vacants to Value grant and convenient to Johns Hopkins, Downtown Baltimore, and 83!

There's a certain ease to life here, where light pours in, the city feels within reach, and every detail has been thoughtfully considered. Ideally located on the fourth floor of the Canal Street Malt House, this residence is defined by its dramatic floor-to-ceiling windows, framing captivating views of the Harbor East skyline. From morning light to evening glow, the home is constantly shifting in the most beautiful way; bright, open, and effortlessly inviting. The main level is designed for both everyday living and entertaining, anchored by a chef's kitchen complete with a Wolf range, wine refrigerator, and an expansive island that naturally becomes the heart of the home. A main-level ensuite bedroom offers flexibility and comfort, whether for guests or a more private retreat. The second-floor primary suite feels like its own quiet escape. Lofted and open, yet deeply private. Thoughtfully scaled, it features an expansive walk-in closet and a spa-inspired bath with a soaking tub, creating a place to truly unwind at the end of the day. Just beyond, a spacious balcony overlooks the building's landscaped courtyard; an unexpectedly serene backdrop in the middle of Little Italy. Throughout, generous proportions set this residence apart as one of the larger floor plans in the building, offering a sense of space that's increasingly rare in city condo living. Garage parking with one assigned space adds a layer of convenience to an already elevated lifestyle. See why the Canal Street Malt House is one of the most coveted addresses in Baltimore. In the heart of Little Italy, a few blocks from Harbor East, waterfront promenades, and some of Baltimore's most beloved dining destinations, this is city living at its most refined.

Welcome to Eight50 Aliceanna, a sophisticated one bedroom, one bath condominium in the heart of Harbor East offering over 1,000 square feet of well designed living space. This NY-style loft features high ceilings, hardwood floors throughout, and expansive walls of windows that bring in abundant natural light and showcase attractive city views. The open concept living and dining area connects seamlessly to the kitchen, which is equipped with stainless steel appliances, granite countertops, and a breakfast bar, making it ideal for both everyday living and entertaining. The spacious primary bedroom includes two closets, while the well appointed bathroom features a walk in shower with clean, contemporary finishes. A highly desirable parking space located on the same floor as the residence adds exceptional convenience. This boutique condominium is ideally situated just steps from Harbor East's restaurants, boutique shopping, Whole Foods, Starbucks, the waterfront, the Inner Harbor, and vibrant city amenities. The condo fee includes air conditioning, heat, water, and trash offering a low maintenance lifestyle in one of Baltimore's most sought after neighborhoods.

ONLINE AUCTION: This auction takes place on the Ashland Auction Group Website Bidding Platform. Bidding begins 5/13/2026 @ 10:00 AM. Bidding ends 5/15/2026 @ 12:30 PM. List Price is Suggested Opening Bid. Deposit: $15,000. This three-bedroom townhome located in the Johnston Square neighborhood of Baltimore City. The property contains approximately 1,152 square feet of finished living space across two levels and was originally constructed in 1986, with recent updates noted in 2025. The home features a traditional interior layout with multiple bathrooms (1 full and additional half baths), a functional kitchen equipped with stainless steel appliances, and in-unit laundry. Central heating and cooling provide year-round comfort. Positioned within close proximity to Johnston Square Park and just minutes from major commuter routes, the property offers convenient access to Downtown Baltimore, Johns Hopkins Hospital, and surrounding employment centers.

Welcome to 1024 N Central Avenue! A spacious and versatile 4-bedroom, 3-story townhome perfectly positioned in the heart of Baltimore. Whether you're an investor or end buyer, this property offers the ideal blend of location, layout, and opportunity. Featuring four generously sized bedrooms and two full bathrooms, this home is designed for comfortable living with plenty of room to spread out across three levels. The layout provides flexibility for multi-generational living, rental income potential, or a modern city lifestyle. Recent upgrades add even more value and peace of mind, including a new HVAC system, condenser unit, hot water heater, and modernized appliances helping to reduce maintenance concerns while enhancing day-to-day comfort. Located just minutes from the vibrant energy of Downtown Baltimore, the upscale waterfront attractions of Harbor East and the renowned Johns Hopkins University, convenience is at your doorstep. Enjoy quick access to dining, shopping, nightlife, and major commuter routes. With strong rental demand in the area and proximity to major employers and institutions, this property presents multiple exit strategies, perfect as a primary residence, long-term rental, or short-term/mid-term housing opportunity. Don't miss your chance to secure a well-located Baltimore property with endless potential.

Luxury Condo living awaits you featuring a 2BR/2BA high rise unit with stunning views of the Baltimore skyline. Step into a beautifully maintained secure building, take the elevator to the 25th floor, and make your way to the door into your new home. The open concept floor plan offers a large living room with a gas burning fireplace, a spacious dining area, and a kitchen. The kitchen features plenty of cabinets including a separate pantry cabinet, granite countertops with a complimenting tiled backsplash, and a stainless sink under a raised breakfast bar. Down the hall is a spacious secondary bedroom, a full bath with a deep soaking tub, laundry, and a large primary bedroom featuring a walk-in closet with custom organizers, a second closet, and a private bath with a walk-in shower. Just off the kitchen is a cozy balcony offering stunning views of the surrounding city skyline. This home is move-in ready featuring recessed lighting and gleaming hardwood floors, and is located in a building offering not one but two pools, a community room with a kitchen and bar, a gym, and so much more. Imagine all this and in close proximity to shopping, restaurants, and commuter routes. Rare find with two parking spots and additional storage (included in monthly fee)!

Tenants live in the house with a month by month lease. 3 bed room and 2 bath town home in a very good location with shops etc and easy access to Baltimore down town.

Positioned in the heart of Baltimore, 1001 Saint Paul Street, Unit 12A offers a studio condo that blends convenience, comfort, and strong investment potential. This unit features an open living and sleeping area, a full bathroom, and a functional kitchen with ample cabinet space, making it ideal for efficient city living. The layout is perfect for a primary residence or as a low-maintenance rental property, with a history of rental use and strong demand in the area. The building offers secure access, elevator service, on-site laundry, and professionally maintained common areas, providing ease of ownership for both occupants and investors. Its central location places you just moments from Penn Station, major universities and medical institutions, including Johns Hopkins Hospital and the University of Maryland, as well as the light rail with direct access to BWI Airport. You will also enjoy proximity to the Inner Harbor, Mount Vernon, local restaurants, museums, and neighborhood farmers' markets. With its prime location, accessibility to public transportation, and consistent rental appeal, this unit presents a great opportunity for buyers looking to enter the market or expand their portfolio with a property that can generate income and long-term value.