4510 Old Court Rd · Randallstown, MD 21208

$125,000

3 bd · 2.5 ba · 1,868 sqft · SingleFamily public records · 18 Days on market

Built 1957 10,419 sqft lot

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Why this score? — see what drove the B 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).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.9/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

List Price is Opening Bid. Online Auction Only! Bidding begins Saturday, May 30th, and ends Thursday, June 4, 2026 at 11:00AM. Located in the established Pikesville community, 4510 Old Court Rd presents an excellent opportunity for investors, renovators, or owner-occupants looking to customize a home to their vision. This detached single-family home offers solid potential with a functional multi-level layout and desirable exterior features, but is in need of renovations and updates throughout. Features: • 3 bedrooms • 2 full bathrooms and 1 half bathroom • Main level living and dining rooms with carpet flooring • Kitchen with laminated wood flooring • Finished lower

Key facts

• Utility room
• Direct rear access
• Multi-level layout

Tags

• MULTI-LEVEL LAYOUT
• FINISHED LOWER LEVEL
• DIRECT REAR ACCESS
• UTILITY ROOM
• LONG PRIVATE DRIVEWAY
• FULLY FENCED REAR YARD

Property features AI

Finance

• Other: Income/expense note: Annual ground rent
• Financial info: Ground rent payment is annual

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Natural gas for heating and hot water; Electric cooling fuel
• Home design: Detached home; Brick construction
• Construction: Brick construction; Other foundation
• Exterior features: Ground rent exists ($150 annually); Tidal water: No

Interior

• Bedrooms: Three bedrooms on the upper level
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Forced air heating; Cooling system (electric)
• Interior features: Fully finished basement; Living area reported from assessor

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 16.7% vs local median 4.4% in Randallstown — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#91 in MD, #3,433 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: schools D-, 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 (+5.6%/yr); 171 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 38% of the median local income ($90k/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 $864 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 5.6% rent growth), your $35k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $46k; list at $125k implies a 175% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 4.3% of price; built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,125 (1.5% below list)

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.27% ✓
• Cap rate: 16.71%
• Cash-on-cash: 37.22%
• DSCR: 2.66
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $375,468
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4631 Panacea Rd	0.43mi	3/3.0	1,792 (-4%)	8mo	$390,000	$218	64
1002 Scotts Hl	0.41mi	3/1.5	1,744 (-7%)	3mo	$315,000	$181	63
4739 Maryknoll Rd	0.61mi	3/3.0	1,878 (+0%)	8mo	$325,000	$173	62
1009 Flagtree Ln	0.54mi	3/2.0	1,765 (-6%)	3mo	$407,000	$231	61
8203 Andes Ct	0.21mi	4/3.0 (+1)	2,095 (+12%)	2mo	$460,000	$220	61
4726 3 Oaks Rd	0.63mi	3/2.0	1,732 (-7%)	1mo	$260,000	$150	56
900 Painted Post Rd	0.44mi	3/2.5	1,701 (-9%)	16mo	$367,000	$216	51
1004 Flagtree Ln	0.51mi	3/1.5	1,624 (-13%)	1mo	$375,000	$231	50
514 Gwynnvale Rd	0.67mi	3/1.5	1,773 (-5%)	10mo	$260,000	$147	48
8236 Scotts Level Rd	0.57mi	3/2.0	2,019 (+8%)	15mo	$365,000	$181	45
820 Templecliff Rd	0.72mi	4/2.5 (+1)	1,980 (+6%)	14mo	$379,985	$192	40
8312 Streamwood Dr	0.70mi	4/3.0 (+1)	2,091 (+12%)	11mo	$420,000	$201	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.64% rent growth · sell at horizon

5-year hold

• IRR: 36.6%
• Equity multiple: 2.62×
• Total profit: $56,826
• Equity at exit: $18,638

10-year hold

• IRR: 44.8%
• Equity multiple: 5.94×
• Total profit: $172,851
• Equity at exit: $10,808

Cash invested: $35,000 (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 21208

• Rents YoY: 5.6%
• Active inventory: 171
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $2,832 high
• Mortgage (P&I): −$656
• Tax from tax record: −$444 /mo · $5,330/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$595
• Net cashflow: $1,086

Break-even live

Break-even rent $1,458

Max offer price $125,000

Occupancy floor 57%

Sensitivity live

Price	-10% $1,156	-5% $1,121	+0% $1,086	+5% $1,050	+10% $1,015
Rent	-10% $862	-5% $974	+0% $1,086	+5% $1,197	+10% $1,309
Rate	-1.0pp $1,149	-0.5pp $1,117	base $1,086	+0.5pp $1,053	+1.0pp $1,020

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4 Deauville Ct Pikesville, MD	1.0–3.0	1.0–2.0	1017	$2,111	$2.07	3d	24	0.54mi
820 Templecliff Rd Pikesville, MD	4.0	3.0	1980	$3,290	$1.66	21d	1	0.72mi
8246 Church Ln Ste E Windsor Mill, MD	3.0	1.0–2.0	841	$1,890	$2.25	2d	50	0.89mi
1705 Watercrossing Rd Pikesville, MD	4.0	3.5	2569	$3,990	$1.55	44d	1	0.91mi
824 Milford Mill Rd Pikesville, MD	4.0	3.0	1601	$3,450	$2.15	44d	1	0.92mi
3700 Old Milford Mill Rd Windsor Mill, MD	3.0	3.0	1450	$2,500	$1.72	22d	1	0.97mi
53 Cedarwood Cir Pikesville, MD	4.0	3.5	2214	$3,150	$1.42	44d	1	0.99mi
1 Pomona N Pikesville, MD	1.0–2.0	1.5–2.0	1387	$2,117	$1.53	2d	22	1.16mi
727 Howard Rd Pikesville, MD	4.0	1.5	2250	$2,870	$1.28	44d	1	1.29mi
220 Brightside Ave Pikesville, MD	3.0	1.5	1233	$2,500	$2.03	18d	1	1.31mi
3616 Clifmar Rd Windsor Mill, MD	4.0	2.5	2049	$3,000	$1.46	44d	1	1.32mi

Listing history 8 events

1. 2026-06-07
   statusdays on market $125,000 Pending 18 DOM
2. 2026-06-04
   days on market $125,000 Active 17 DOM
3. 2026-06-03
   days on market $125,000 Active 16 DOM
4. 2026-06-02
   days on market $125,000 Active 15 DOM
5. 2026-06-01
   days on market $125,000 Active 14 DOM
6. 2026-05-31
   days on market $125,000 Active 13 DOM
7. 2026-05-18
   listed $125,000 Active
8. 1978-04-17
   soldstatus $45,500

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

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $5,330 · $444/mo
• Projected year-2 tax: $5,330 · $444/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,985
• − Mortgage interest: −$7,002
• − Property taxes: −$5,330
• − Insurance: −$625
• − Repairs & maintenance: −$2,719
• − Management: −$2,719
• − Depreciation: −$3,636
• Taxable income: $11,954
• Est. tax owed @ 24.0%: −$2,869
• After-tax cash flow: $10,158/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 — Randallstown

• Score: 76/100
• State rank: #91
• US rank: #3433

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Randallstown, MD
• County: Baltimore County · 769,527 people
• City population: 31,398
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 37,276
• Household income: $90,131
• Rent vs Own: 33.1% rent · 66.9% own
• Severe rent burden: 1588.0

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 0.59)
• Race & ethnicity: White 47% Black 43% Hispanic / Latino 4% Two or more races 4% Asian 3%
• Common ancestry: Scotch-Irish 4% Romanian 3% Subsaharan African 2%
• Foreign-born: 12% · Canada, China
• Languages at home: 85% English-only · Spanish 4% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -299.14%
• Current HPI: 237.5825
• Rent YoY: ▲ 5.64%
• 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

+174.7% since first listed

2 events — show timeline

• 2026-05-18 Listed $125,000 BRIGHT MLS
• 1978-04-17 Sold (Public Records) $45,500 Public Records

Property tax history

+2.5%/yr

Latest (2025): $5,330 · +38.5% YoY. Source: county tax records.