5348 Glenthorne Ct #5348 · Rossville, MD 21237

$247,900

3 bd · 2.0 ba · 1,335 sqft · Condo public records · 49 Days on market

Built 2002 $186/sqft · 6% below area Est $265k · 6% under $340/mo HOA · 14% of rent

---

Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +10.4/15.0
• Cash flow +9.6/30.0
• 1% rule +4.6/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• DSCR +2.7/10.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautiful 3 BR, 2 BA condo is in move-in condition with neutral decor throughout and minutes from The Avenue at White Marsh! Some of the amenities include a walk-in patio entrance as well as condo hallway, dual entrance bath and a Master Bath with double vanity, walk-in hall and Master BA closets, laundry located in kitchen, high ceilings, recessed lighting, crown molding and chair railing.

Key facts

• $340 HOA
• Built 2002
• Listed 49 days

Property features AI

Finance

• HOA & community: Monthly condo/coop fee of $340; HOA covers common area maintenance, exterior building maintenance, insurance, lawn maintenance, management, reserve funds, road maintenance, snow removal, and water; Community amenities include common grounds and an elevator; Pets allowed on a case-by-case basis

Exterior

• Parking: Parking lot
• Utilities: Public water; Public sewer
• Home design: Garden-style building (1–4 floors); Unit/flat; Entry on level 1
• Construction: Brick and vinyl siding exterior; Architectural shingle roof; Above-grade and below-grade structures; Built around year shown by assessor
• Exterior features: No tidal water

Interior

• Kitchen: Built-in microwave; Dishwasher; Disposal; Stove; Refrigerator; Exhaust fan; Water heater
• Bedrooms: Three bedrooms on the main level (Master Bedroom, Bedroom 2, Bedroom 3)
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans; Circuit breaker electrical
• Interior features: Elevator; Unit in excellent condition; Property managed by a property manager; Washer/dryer hookup in unit
• Laundry & utility: Washer and dryer hookups on the main floor

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $248k.

Deal economics

• At list price, monthly cash flow is $-166 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $224k (9.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $239k (3.7% below list).
• Recommended offer: $224k (9.7% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 76/100 on livability (#94 in MD, #3,622 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: crime F, amenities F.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+5.0%/yr); 101 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 31% of the median local income ($92k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($240k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $172k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $223,842 (9.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.96% ✗
• Cap rate: 5.49%
• Cash-on-cash: -2.87%
• DSCR: 0.87
• GRM: 8.6

CMA / ARV

• ARV (median comp): $264,665
• List price: $247,900
• Delta: -6.33%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.97% rent growth · sell at horizon

5-year hold

• IRR: -18.3%
• Equity multiple: 0.34×
• Total profit: $-45,687
• Equity at exit: $36,963

10-year hold

• IRR: -6.5%
• Equity multiple: 0.54×
• Total profit: $-31,801
• Equity at exit: $21,434

Cash invested: $69,412 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21237

• Rents YoY: 5.0%
• Active inventory: 101
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,389 high
• Mortgage (P&I): −$1,300
• Tax est. 1.5%: −$310 /mo · $3,718/yr
• Insurance: −$103
• HOA: −$340
• Vacancy / Maint / Mgmt: −$502
• Net cashflow: $-166

Break-even live

Break-even rent $2,599

Max offer price $223,842

Occupancy floor —

Sensitivity live

Price	-10% $5	-5% $-81	+0% $-166	+5% $-252	+10% $-338
Rent	-10% $-355	-5% $-261	+0% $-166	+5% $-72	+10% $22
Rate	-1.0pp $-41	-0.5pp $-103	base $-166	+0.5pp $-230	+1.0pp $-296

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $61,975
• Closing costs: $7,437
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
386 Attenborough Dr Rosedale, MD	1.0–3.0	1.0–2.0	927	$2,709	$2.92	2d	21	0.10mi
5326 King Arthur Cir Rosedale, MD	3.0	1.5	1424	$2,300	$1.62	24d	1	0.36mi
8085 Sandpiper Cir Nottingham, MD	1.0–2.0	1.5–2.0	1068	$2,445	$2.29	2d	18	0.47mi
8 King Henry Cir Rosedale, MD	3.0	1.0	1012	$1,895	$1.87	44d	1	0.54mi
9206 Oswald Way Rosedale, MD	1.0–2.0	1.0–2.0	867	$2,018	$2.33	2d	22	0.82mi
Trailwood Rd White Marsh, MD	3.0	2.5	1310	$2,500	$1.91	44d	1	1.23mi
8216 Cypress Mill Rd Nottingham, MD	2.0	2.0	1205	$1,995	$1.66	44d	1	1.24mi
898 Manorgreen Rd Middle River, MD	3.0	2.5	1895	$2,702	$1.43	2d	4	1.30mi
1 Lincoln Woods Way Perry Hall, MD	1.0–2.0	1.0–2.0	835	$1,901	$2.28	3d	17	1.34mi
4335 Bedrock Cir Nottingham, MD	1.0–3.0	1.0–2.0	887	$2,490	$2.81	2d	13	1.35mi
36 Cartwright Ct Rosedale, MD	3.0	2.0	1024	$2,095	$2.05	22d	1	1.50mi

HOA detail condo

• Monthly dues: $340 · $4,080/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-18
   days on market $247,900 Active 49 DOM
2. 2026-06-17
   days on market $247,900 Active 48 DOM
3. 2026-06-16
   days on market $247,900 Active 47 DOM
4. 2026-06-15
   days on market $247,900 Active 46 DOM
5. 2026-06-13
   days on market $247,900 Active 44 DOM
6. 2026-06-09
   days on market $247,900 Active 40 DOM
7. 2026-06-08
   days on market $247,900 Active 39 DOM
8. 2026-06-07
   days on market $247,900 Active 38 DOM
9. 2026-06-04
   days on market $247,900 Active 35 DOM
10. 2026-06-03
    days on market $247,900 Active 34 DOM
11. 2026-06-02
    days on market $247,900 Active 33 DOM
12. 2026-06-02
    price $247,900 Active 32 DOM
13. 2026-06-01
    days on market $255,000 Active 32 DOM
14. 2026-05-31
    days on market $255,000 Active 31 DOM
15. 2026-04-30
    listed $255,000 Active 515-char remark
16. 2026-04-24
    historical $255,000 515-char remark
17. 2013-07-18
    soldstatus $172,000
18. 2013-06-26
    soldstatus $172,000 Sold 400-char remark

    Show marketing remark (400 chars)

    This beautiful 3 BR, 2 BA condo is in move-in condition with neutral decor throughout and minutes from The Avenue at White Marsh! Some of the amenities include a walk-in patio entrance as well as condo hallway, dual entrance bath and a Master Bath with double vanity, walk-in hall and Master BA closets, laundry located in kitchen, high ceilings, recessed lighting, crown molding and chair railing.

19. 2013-06-26
    soldstatus $172,000

    Show marketing remark (400 chars)

    This beautiful 3 BR, 2 BA condo is in move-in condition with neutral decor throughout and minutes from The Avenue at White Marsh! Some of the amenities include a walk-in patio entrance as well as condo hallway, dual entrance bath and a Master Bath with double vanity, walk-in hall and Master BA closets, laundry located in kitchen, high ceilings, recessed lighting, crown molding and chair railing.

20. 2013-05-18
    status Contract 400-char remark

    Show marketing remark (400 chars)

    This beautiful 3 BR, 2 BA condo is in move-in condition with neutral decor throughout and minutes from The Avenue at White Marsh! Some of the amenities include a walk-in patio entrance as well as condo hallway, dual entrance bath and a Master Bath with double vanity, walk-in hall and Master BA closets, laundry located in kitchen, high ceilings, recessed lighting, crown molding and chair railing.

21. 2013-05-18
    historical

    Show marketing remark (400 chars)

    This beautiful 3 BR, 2 BA condo is in move-in condition with neutral decor throughout and minutes from The Avenue at White Marsh! Some of the amenities include a walk-in patio entrance as well as condo hallway, dual entrance bath and a Master Bath with double vanity, walk-in hall and Master BA closets, laundry located in kitchen, high ceilings, recessed lighting, crown molding and chair railing.

22. 2013-05-08
    status Active 400-char remark

    Show marketing remark (400 chars)

    This beautiful 3 BR, 2 BA condo is in move-in condition with neutral decor throughout and minutes from The Avenue at White Marsh! Some of the amenities include a walk-in patio entrance as well as condo hallway, dual entrance bath and a Master Bath with double vanity, walk-in hall and Master BA closets, laundry located in kitchen, high ceilings, recessed lighting, crown molding and chair railing.

23. 2013-05-08
    historical 400-char remark

    Show marketing remark (400 chars)

    This beautiful 3 BR, 2 BA condo is in move-in condition with neutral decor throughout and minutes from The Avenue at White Marsh! Some of the amenities include a walk-in patio entrance as well as condo hallway, dual entrance bath and a Master Bath with double vanity, walk-in hall and Master BA closets, laundry located in kitchen, high ceilings, recessed lighting, crown molding and chair railing.

24. 2013-05-07
    listed $178,000 Active 400-char remark

    Show marketing remark (400 chars)

    This beautiful 3 BR, 2 BA condo is in move-in condition with neutral decor throughout and minutes from The Avenue at White Marsh! Some of the amenities include a walk-in patio entrance as well as condo hallway, dual entrance bath and a Master Bath with double vanity, walk-in hall and Master BA closets, laundry located in kitchen, high ceilings, recessed lighting, crown molding and chair railing.

25. 2013-05-07
    listed $178,000

    Show marketing remark (400 chars)

    This beautiful 3 BR, 2 BA condo is in move-in condition with neutral decor throughout and minutes from The Avenue at White Marsh! Some of the amenities include a walk-in patio entrance as well as condo hallway, dual entrance bath and a Master Bath with double vanity, walk-in hall and Master BA closets, laundry located in kitchen, high ceilings, recessed lighting, crown molding and chair railing.

26. 2004-08-19
    soldstatus $197,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,662
• − Mortgage interest: −$13,886
• − Property taxes: −$3,718
• − Insurance: −$1,240
• − Repairs & maintenance: −$2,293
• − Management: −$2,293
• − HOA: −$4,080
• − Depreciation: −$7,212
• Taxable loss: −$6,060
• Est. tax savings @ 24.0%: +$1,454
• After-tax cash flow: $-541/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Baltimore County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Rossville

• Score: 76/100
• State rank: #94
• US rank: #3622

Category grades

Amenities F Commute A+ Cost of living C+ Crime F Employment A+ Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rossville, MD
• County: Baltimore County · 769,527 people
• City population: 31,425
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 31,425
• Household income: $91,693
• Rent vs Own: 37.9% rent · 62.1% own
• Severe rent burden: 887.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 42% Black 38% Hispanic / Latino 9% Asian 7% Two or more races 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 1% Slovak 1%
• Foreign-born: 17% · Canada, India, South Korea
• Languages at home: 78% English-only · Spanish 7% Other Indo-European 4% Tagalog/Filipino 2%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.40%
• Current HPI: 242.8057
• Rent YoY: ▲ 4.97%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+25.5% since first listed

13 events — show timeline

• 2026-06-01 Price Changed $247,900 BRIGHT MLS
• 2026-04-30 Listed $255,000 BRIGHT MLS
• 2026-04-24 Coming Soon $255,000 BRIGHT MLS
• 2013-07-18 Sold (Public Records) $172,000 Public Records
• 2013-06-26 Sold (MLS) $172,000 MRIS
• 2013-06-26 Sold (MLS) $172,000 BRIGHT MLS
• 2013-05-18 Pending — MRIS
• 2013-05-18 Listing Removed — BRIGHT MLS
• 2013-05-08 Relisted — MRIS
• 2013-05-08 Delisted — MRIS
• 2013-05-07 Listed $178,000 MRIS
• 2013-05-07 Listed $178,000 BRIGHT MLS
• 2004-08-19 Sold (Public Records) $197,500 Public Records

Property tax history

-20.6%/yr

Latest (2025): $60 · +0.0% YoY. Source: county tax records.