524 N Loudon Ave · Baltimore, MD 21229

$159,999

4 bd · 2.0 ba · 1,970 sqft · Townhouse public records · 31 Days on market

Built 1916 1,540 sqft lot Est $234k · 32% under

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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 +28.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 524 N Loudon Ave, Baltimore, MD 21229 — a fully updated 4-bedroom, 2-bathroom home offering great space and value for investors or first-time buyers. This home features a primary bedroom with en-suite bath, a partially finished basement, a spacious backyard, a covered front porch, and an enclosed rear porch for added comfort. Conveniently located near I-70, I-695, and US-40, with easy access to major medical centers, shopping, and everyday needs. With the nearby Edmondson Village Shopping Center redevelopment and new construction in the area, this property offers strong potential in a growing neighborhood. Don’t miss this opportunity!

Key facts

• Covered front porch
• Spacious backyard
• Enclosed rear porch

Tags

• PARTIALLY FINISHED BASEMENT
• SPACIOUS BACKYARD
• COVERED FRONT PORCH
• ENCLOSED REAR PORCH

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Brick/mortar foundation; Above- and below-grade structural elements
• Exterior features: Property is inside city limits (Baltimore City)

Interior

• Bedrooms: Three bedrooms on the main upper level; One bedroom on the lower level
• Bathrooms: Two full bathrooms (both on the upper level)
• Heating & cooling: Central heating (natural gas); Central air conditioning (electric); Electric hot water
• Interior features: Partially finished basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $504 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 6.0% in Baltimore — 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 (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools D, crime F.
• Baltimore City Public Schools (urban): math 7% / reading 16% proficiency, ranked #24 of 24 in MD (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.4%/yr); 256 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 42% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.4% rent growth), your $45k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 16y 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 $25k; list at $160k implies a 540% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 24% 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 $155,199 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1916 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.32% ✓
• Cap rate: 10.08%
• Cash-on-cash: 13.51%
• DSCR: 1.60
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $234,430
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
414 Normandy Ave	0.09mi	4/3.5	1,976 (+0%)	1mo	$255,000	$129	88
405 N Loudon Ave	0.10mi	5/2.0 (+1)	1,896 (-4%)	2mo	$175,000	$92	82
513 Normandy Ave	0.08mi	4/2.0	2,160 (+10%)	1mo	$257,000	$119	79
704 Mount Holly St	0.21mi	4/3.0	2,040 (+4%)	3mo	$230,000	$113	78
720 N Augusta Ave	0.25mi	4/2.0	2,100 (+7%)	3mo	$248,000	$118	75
3410 W Franklin St	0.43mi	3/3.0 (-1)	2,040 (+4%)	2mo	$213,580	$105	64
4515 Maple Wood Dr	0.46mi	4/3.5	2,056 (+4%)	2mo	$351,000	$171	64
120 Allendale St	0.33mi	3/2.0 (-1)	1,728 (-12%)	2mo	$225,000	$130	58
3804 Old Frederick Rd	0.65mi	5/2.5 (+1)	1,872 (-5%)	1mo	$250,000	$134	54
743 Linnard St	0.47mi	4/2.0	1,693 (-14%)	1mo	$199,000	$118	54
1231 Kevin Rd	0.64mi	3/2.0 (-1)	1,728 (-12%)	2mo	$225,000	$130	43
63 Culver St	0.62mi	3/2.0 (-1)	2,254 (+14%)	1mo	$240,000	$106	41

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: 6.4%
• Equity multiple: 1.25×
• Total profit: $11,424
• Equity at exit: $23,856

10-year hold

• IRR: 17.8%
• Equity multiple: 2.65×
• Total profit: $73,815
• Equity at exit: $13,834

Cash invested: $44,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 12 Strongly Tenant-Friendly
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City Baltimore: 12 Strongly Tenant-Friendly · D+58

Just-cause for tenancies > 1 yr.

Methodology + full state rankings →

ZIP-level market 21229

• Rents YoY: 5.4%
• Active inventory: 256
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,106 high
• Mortgage (P&I): −$839
• Tax from tax record: −$253 /mo · $3,041/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $504

Break-even live

Break-even rent $1,467

Max offer price $159,999

Occupancy floor 71%

Sensitivity live

Price	-10% $595	-5% $550	+0% $504	+5% $459	+10% $414
Rent	-10% $338	-5% $421	+0% $504	+5% $588	+10% $671
Rate	-1.0pp $585	-0.5pp $545	base $504	+0.5pp $463	+1.0pp $421

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	25d	1	0.12mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	44d	1	0.19mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	25d	1	0.28mi
3619 Edmondson Ave Baltimore, MD	4.0	3.5	1962	$2,800	$1.43	44d	1	0.29mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	25d	1	0.35mi
3700 Woodridge Rd Baltimore, MD	3.0	1.5	1955	$1,950	$1.00	44d	1	0.37mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	44d	1	0.38mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	25d	1	0.41mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	5d	1	0.42mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	25d	1	0.43mi
3324 Edmondson Ave Baltimore, MD	3.0	2.5	2300	$1,995	$0.87	23d	1	0.51mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	25d	1	0.52mi
4113 Mountwood Rd Baltimore, MD	3.0	1.0	1520	$1,795	$1.18	44d	1	0.53mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	44d	1	0.58mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	44d	1	0.68mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	25d	1	0.70mi
715 N Rosedale St Baltimore, MD	5.0	3.0	1542	$2,550	$1.65	44d	1	0.83mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	44d	1	0.85mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	25d	1	0.93mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	12d	1	0.93mi
19 S Tremont Rd Baltimore, MD	3.0	1.0	1350	$1,850	$1.37	44d	1	0.93mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	44d	1	0.94mi
1513 N Ellamont St Baltimore, MD	3.0	1.0	1700	$1,700	$1.00	25d	1	1.06mi
1633 N Hilton St Baltimore, MD	4.0	2.5	1920	$2,600	$1.35	19d	1	1.12mi
1530 N Rosedale St Baltimore, MD	3.0	2.0	1641	$1,895	$1.15	16d	1	1.13mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	4d	1	1.15mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	25d	1	1.16mi
1402 Poplar Grove St Baltimore, MD	4.0	1.5	1540	$800	$0.52	44d	1	1.18mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	44d	1	1.21mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	4d	1	1.24mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	25d	1	1.25mi
500 Lucia Ave Baltimore, MD	3.0	2.0	1472	$2,100	$1.43	17d	1	1.27mi
2103 Chelsea Ter Unit 2 Baltimore, MD	3.0	1.5	1500	$2,100	$1.40	16d	1	1.27mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	25d	1	1.31mi
3904 Gwynns Falls Pkwy Baltimore, MD	3.0	2.0	1772	$2,600	$1.47	44d	1	1.46mi

Listing history 50 events

1. 2026-06-18
   days on market $159,999 Active 31 DOM
2. 2026-06-17
   days on market $159,999 Active 30 DOM
3. 2026-06-16
   days on market $159,999 Active 29 DOM
4. 2026-06-15
   days on market $159,999 Active 28 DOM
5. 2026-06-13
   days on market $159,999 Active 26 DOM
6. 2026-06-09
   days on market $159,999 Active 22 DOM
7. 2026-06-08
   days on market $159,999 Active 21 DOM
8. 2026-06-07
   days on market $159,999 Active 20 DOM
9. 2026-06-04
   days on market $159,999 Active 17 DOM
10. 2026-06-03
    days on market $159,999 Active 16 DOM
11. 2026-06-02
    days on market $159,999 Active 15 DOM
12. 2026-06-01
    days on market $159,999 Active 14 DOM
13. 2026-05-31
    days on market $159,999 Active 13 DOM
14. 2026-05-18
    listed $159,999 Active
15. 2025-10-13
    historical
16. 2025-09-04
    price $170,000
17. 2025-08-10
    status Active
18. 2025-08-04
    historical Active Under Contract
19. 2025-07-02
    price $180,000
20. 2025-05-26
    price $195,000
21. 2025-05-08
    listed $205,000 Active
22. 2025-05-06
    historical
23. 2024-02-01
    soldstatus $25,000
24. 2022-09-29
    historical
25. 2022-09-21
    price $189,999
26. 2022-09-08
    listed $200,000 Active
27. 2022-03-01
    soldstatus $94,000
28. 2021-11-05
    soldstatus $94,000 Closed
29. 2021-10-16
    status Pending
30. 2021-09-28
    price $119,000
31. 2021-09-10
    price $129,000
32. 2021-09-10
    status Active
33. 2021-09-02
    historical Active Under Contract
34. 2021-08-14
    price $138,500
35. 2021-07-21
    listed $139,990 Active
36. 2016-07-13
    soldstatus $87,500
37. 2014-07-31
    historical
38. 2014-07-31
    historical
39. 2014-07-28
    price
40. 2014-05-22
    price
41. 2014-04-22
    price
42. 2014-03-07
    listed Active
43. 2014-03-07
    listed $14,900
44. 2013-12-04
    historical
45. 2013-12-03
    historical
46. 2013-11-20
    price
47. 2013-06-28
    listed Active
48. 2013-06-28
    listed $40,000
49. 2011-11-24
    historical
50. 2011-11-24
    historical

ⓘ 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: $3,041 · $253/mo
• Projected year-2 tax: $3,041 · $253/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 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,268
• − Mortgage interest: −$8,962
• − Property taxes: −$3,041
• − Insurance: −$800
• − Repairs & maintenance: −$2,021
• − Management: −$2,021
• − Depreciation: −$4,655
• Taxable income: $3,768
• Est. tax owed @ 24.0%: −$904
• After-tax cash flow: $5,148/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 City Public Schools
• NCES district ID: 2400090
• Math proficiency: 7% ▼ -9.00%
• Reading proficiency: 16% ▼ -5.00%
• Median HH income: $42,108
• Composite: 10.08/100
• National rank: #9805
• State rank: #24 of 24 in MD

Livability — Baltimore

• Score: 76/100
• State rank: #90
• US rank: #3396

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baltimore, MD
• County: Baltimore City · 558,601 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 624,249 people
• By 2030: 621,541 · -0.4%
• By 2040: 609,756 · -2.3%
• By 2050: 597,249 · -4.3%
• By 2075: 552,236 · -11.5%
• By 2100: 513,934 · -17.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (73%)
• Race & ethnicity: Black 73% White 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Baltimore

• 2024 margin: Solid D (+73.0) · D 85.2% · R 12.2% · Other 2.6%
• 2008→2024 swing: -2.5pp toward R · 2008: 75.5pp · 2024: 73.0pp
• All cycles: 2024: D+73.0 2020: D+76.6 2016: D+74.6 2012: D+76.4 2008: D+75.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+376.2% since first listed

41 events — show timeline

• 2026-05-18 Listed $159,999 BRIGHT MLS
• 2025-10-13 Listing Removed — BRIGHT MLS
• 2025-09-04 Price Changed $170,000 BRIGHT MLS
• 2025-08-10 Relisted — BRIGHT MLS
• 2025-08-04 Contingent — BRIGHT MLS
• 2025-07-02 Price Changed $180,000 BRIGHT MLS
• 2025-05-26 Price Changed $195,000 BRIGHT MLS
• 2025-05-08 Listed $205,000 BRIGHT MLS
• 2025-05-06 Coming Soon — BRIGHT MLS
• 2024-02-01 Sold (Public Records) $25,000 Public Records
• 2022-09-29 Listing Removed — BRIGHT MLS
• 2022-09-21 Price Changed $189,999 BRIGHT MLS
• 2022-09-08 Listed $200,000 BRIGHT MLS
• 2022-03-01 Sold (Public Records) $94,000 Public Records
• 2021-11-05 Sold (MLS) $94,000 BRIGHT MLS
• 2021-10-16 Pending — BRIGHT MLS
• 2021-09-28 Price Changed $119,000 BRIGHT MLS
• 2021-09-10 Price Changed $129,000 BRIGHT MLS
• 2021-09-10 Relisted — BRIGHT MLS
• 2021-09-02 Contingent — BRIGHT MLS
• 2021-08-14 Price Changed $138,500 BRIGHT MLS
• 2021-07-21 Listed $139,990 BRIGHT MLS
• 2016-07-13 Sold (Public Records) $87,500 Public Records
• 2014-07-31 Delisted — MRIS
• 2014-07-31 Listing Removed — BRIGHT MLS
• 2014-07-28 Price Changed — MRIS
• 2014-05-22 Price Changed — MRIS
• 2014-04-22 Price Changed — MRIS
• 2014-03-07 Listed — MRIS
• 2014-03-07 Listed $14,900 BRIGHT MLS
• 2013-12-04 Delisted — MRIS
• 2013-12-03 Listing Removed — BRIGHT MLS
• 2013-11-20 Price Changed — MRIS
• 2013-06-28 Listed — MRIS
• 2013-06-28 Listed $40,000 BRIGHT MLS
• 2011-11-24 Listing Removed — BRIGHT MLS
• 2011-11-24 Delisted — MRIS
• 2011-08-27 Price Changed — MRIS
• 2010-11-23 Listed — MRIS
• 2010-11-23 Listed $24,900 BRIGHT MLS
• 2005-02-11 Sold (Public Records) $33,600 Public Records

Property tax history

+5.3%/yr

Latest (2025): $3,041 · +81.5% YoY. Source: county tax records.