1738 Redwood · Parkville, MD 21234

$255,000

3 bd · 2.0 ba · 1,632 sqft · Townhouse public records · 1 Days on market

Built 1950 2,726 sqft lot Est $307k · 17% under

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Why this score? — see what drove the C- 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 +15.0/15.0
• Cash flow +14.6/30.0
• DSCR +4.5/10.0
• Rent growth +4.2/5.0
• 1% rule +3.9/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lovely 3 Bed/2 Bath End Unit! This beautiful well maintained home features upgraded kitchen w/ SS appliances & Granite C. T. , Hardwood floors on main level, Open living room with tons of Natural Light. The spacious basement is fully finished w/ a full bath. Walk out and enjoy the privately fenced in back yard w/ patio and landscape that is perfect for entertaining. Close to major commuter routes!

Key facts

• Built 1950

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $255k.

Deal economics

• At list price, monthly cash flow is $6 ($74/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $227k (10.9% below list).
• Recommended offer: $227k (10.9% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 5.3% in Parkville — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 77/100 on livability (#77 in MD, #2,839 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools F, crime 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 (+6.7%/yr); 225 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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 33% of the median local income ($84k/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 $8k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 17y ago; this cycle's ask is 38% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $188k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $227,111 (10.9% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-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: 0.89% ✗
• Cap rate: 6.58%
• Cash-on-cash: 1.04%
• DSCR: 1.05
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $306,816
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1738 Redwood	0.00mi	3/2.0	1,632 (0%)	1mo	$255,000	$156	99
1603 Thetford Rd	0.60mi	3/2.0	1,620 (-1%)	3mo	$338,000	$209	69
8415 Pleasant Plns	0.66mi	3/1.5	1,620 (-1%)	2mo	$291,000	$180	64
1770 Weston Ave	0.18mi	3/1.5	1,396 (-14%)	2mo	$239,000	$171	64
8619 Oak Rd	0.17mi	3/1.5	1,408 (-14%)	5mo	$225,000	$160	63
2200 Ellen Ave	0.51mi	3/1.5	1,728 (+6%)	4mo	$275,000	$159	62
1551 Putty Hill Ave	0.67mi	3/2.0	1,580 (-3%)	2mo	$335,000	$212	61
8301 Kendale Rd	0.32mi	3/1.5	1,408 (-14%)	1mo	$280,000	$199	60
1644 Aberdeen Rd	0.60mi	3/2.0	1,516 (-7%)	4mo	$307,000	$203	57
1844 Deveron Rd	0.74mi	3/2.0	1,520 (-7%)	1mo	$305,000	$201	53
8425 Kings Ridge Rd	0.75mi	3/1.0	1,552 (-5%)	1mo	$260,000	$168	52
2113 Pitney Rd	0.62mi	3/1.5	1,440 (-12%)	1mo	$270,000	$188	48

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 · 6.68% rent growth · sell at horizon

5-year hold

• IRR: -12.0%
• Equity multiple: 0.55×
• Total profit: $-32,161
• Equity at exit: $38,021

10-year hold

• IRR: 1.9%
• Equity multiple: 1.16×
• Total profit: $11,302
• Equity at exit: $22,048

Cash invested: $71,400 (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 21234

• Rents YoY: 6.7%
• Active inventory: 225
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,271 high
• Mortgage (P&I): −$1,337
• Tax from tax record: −$289 /mo · $3,468/yr
• Insurance: −$106
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $6

Break-even live

Break-even rent $2,263

Max offer price $255,000

Occupancy floor 95%

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1726 Redwood Ave Parkville, MD	4.0	2.0	1435	$2,250	$1.57	18d	1	0.04mi
8451 Water Oak Rd Parkville, MD	3.0	2.0	1054	$1,950	$1.85	44d	1	0.06mi
8533 Oak Rd Parkville, MD	3.0	2.0	1480	$2,100	$1.42	44d	1	0.07mi
1745 Amuskai Rd Parkville, MD	2.0	2.0	1260	$1,975	$1.57	44d	1	0.10mi
1714 Pin Oak Rd Parkville, MD	3.0	1.0	1534	$2,800	$1.83	5d	1	0.12mi
8617 Oak Rd Parkville, MD	3.0	1.5	1208	$2,100	$1.74	5d	1	0.17mi
8525 Chestnut Oak Rd Parkville, MD	4.0	2.0	1178	$1,995	$1.69	44d	1	0.18mi
8623 Willow Oak Rd Parkville, MD	3.0	2.0	1395	$2,700	$1.94	44d	1	0.22mi
8650 Rock Oak Rd Parkville, MD	4.0	2.0	1800	$3,108	$1.73	44d	1	0.25mi
1726 Yakona Rd Unit A Parkville, MD	3.0	1.0	1865	$1,400	$0.75	44d	1	0.28mi
8340 Edgedale Rd Parkville, MD	3.0	2.0	1260	$2,400	$1.90	5d	1	0.29mi
1717 Northview Rd Parkville, MD	3.0	1.5	1260	$1,980	$1.57	5d	1	0.33mi
1870 Yakona Rd Parkville, MD	4.0	2.0	1080	$2,400	$2.22	44d	1	0.35mi
8592 Quentin Ave Parkville, MD	3.0	1.5	1440	$2,100	$1.46	5d	1	0.39mi
1644 Yakona Rd Towson, MD	3.0	2.0	1600	$2,500	$1.56	18d	1	0.42mi
8505 Pleasant Plains Rd Towson, MD	3.0	2.0	1580	$2,500	$1.58	18d	1	0.54mi
8616 Pleasant Plains Rd Towson, MD	3.0	2.0	1580	$2,490	$1.58	15d	1	0.54mi
1621 Thetford Rd Towson, MD	3.0	1.5	1080	$2,350	$2.18	44d	1	0.56mi
1583 Doxbury Rd Towson, MD	4.0	2.0	1920	$3,000	$1.56	5d	1	0.58mi
1612 Hardwick Rd Towson, MD	4.0	2.0	1275	$2,450	$1.92	3d	1	0.59mi
1809 Glen Ridge Rd Towson, MD	3.0	1.5	1640	$2,100	$1.28	44d	1	0.63mi
8339 Wyton Rd Towson, MD	4.0	2.0	1520	$2,534	$1.67	24d	1	0.63mi
8426 Pleasant Plains Rd Towson, MD	3.0	1.5	1920	$2,500	$1.30	18d	1	0.64mi
8768 Cimarron Cir Parkville, MD	4.0	1.5	1752	$2,395	$1.37	24d	1	0.69mi
1929 Edgewood Rd Unit 1929 Towson, MD	3.0	2.0	1700	$2,350	$1.38	11d	1	0.70mi
8309 Pleasant Plains Rd Towson, MD	3.0	1.0	1350	$3,000	$2.22	44d	1	0.72mi
8503 Kings Ridge Rd Parkville, MD	4.0	2.0	1200	$2,100	$1.75	5d	1	0.73mi
8500 Arry Pl Parkville, MD	3.0	2.5	2100	$2,500	$1.19	44d	1	0.84mi
1274 E Joppa Rd Towson, MD	2.0	1.0–2.0	990	$2,873	$2.90	2d	18	0.87mi
7605 Hillendale Rd Parkville, MD	2.0	1.0	1050	$1,255	$1.20	44d	1	0.88mi
1329 Taylor Ave Parkville, MD	2.0	1.0	1636	$1,599	$0.98	44d	1	0.91mi
7839 Birmingham Ave Parkville, MD	3.0	1.0	1136	$1,775	$1.56	44d	1	0.94mi
1376 Halstead Rd Parkville, MD	3.0	1.0	1440	$2,400	$1.67	24d	1	0.94mi
8130 Kirkwall Ct Towson, MD	3.0	1.5	1280	$2,625	$2.05	24d	1	0.95mi
23 Roger Valley Ct Parkville, MD	3.0	3.5	1678	$2,850	$1.70	5d	1	1.08mi
23 Roger Valley Ct Unit 1 Parkville, MD	3.0	4.0	1678	$2,850	$1.70	5d	1	1.08mi
2528 Wendover Rd Unit a Parkville, MD	2.0	2.0	1704	$1,950	$1.14	44d	1	1.12mi
8206 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	44d	1	1.16mi
8206 Old Harford Rd Unit 1 Parkville, MD	2.0	1.0	1146	$1,750	$1.53	44d	1	1.16mi
8204 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	44d	1	1.16mi

Listing history 25 events

1. 2026-04-01
   status Pending
2. 2026-03-13
   price $255,000
3. 2026-03-13
   status Active Under Contract
4. 2026-03-11
   historical
5. 2026-02-17
   historical $245,000
6. 2018-09-14
   soldstatus $188,500
7. 2018-09-14
   soldstatus $188,500
8. 2018-08-27
   historical 407-char remark

   Show marketing remark (407 chars)

   Lovely 3 Bed/2 Bath End Unit! This beautiful well maintained home features upgraded kitchen w/ SS appliances & Granite C. T. , Hardwood floors on main level, Open living room with tons of Natural Light. The spacious basement is fully finished w/ a full bath. Walk out and enjoy the privately fenced in back yard w/ patio and landscape that is perfect for entertaining. Close to major commuter routes!

9. 2018-08-24
   soldstatus $188,500 Closed 407-char remark

   Show marketing remark (407 chars)

   Lovely 3 Bed/2 Bath End Unit! This beautiful well maintained home features upgraded kitchen w/ SS appliances & Granite C. T. , Hardwood floors on main level, Open living room with tons of Natural Light. The spacious basement is fully finished w/ a full bath. Walk out and enjoy the privately fenced in back yard w/ patio and landscape that is perfect for entertaining. Close to major commuter routes!

10. 2018-08-24
    soldstatus $188,500 Sold 407-char remark

    Show marketing remark (407 chars)

    Lovely 3 Bed/2 Bath End Unit! This beautiful well maintained home features upgraded kitchen w/ SS appliances & Granite C. T. , Hardwood floors on main level, Open living room with tons of Natural Light. The spacious basement is fully finished w/ a full bath. Walk out and enjoy the privately fenced in back yard w/ patio and landscape that is perfect for entertaining. Close to major commuter routes!

11. 2018-07-12
    status Pending 407-char remark

    Show marketing remark (407 chars)

    Lovely 3 Bed/2 Bath End Unit! This beautiful well maintained home features upgraded kitchen w/ SS appliances & Granite C. T. , Hardwood floors on main level, Open living room with tons of Natural Light. The spacious basement is fully finished w/ a full bath. Walk out and enjoy the privately fenced in back yard w/ patio and landscape that is perfect for entertaining. Close to major commuter routes!

12. 2018-07-12
    status Contract 407-char remark

    Show marketing remark (407 chars)

    Lovely 3 Bed/2 Bath End Unit! This beautiful well maintained home features upgraded kitchen w/ SS appliances & Granite C. T. , Hardwood floors on main level, Open living room with tons of Natural Light. The spacious basement is fully finished w/ a full bath. Walk out and enjoy the privately fenced in back yard w/ patio and landscape that is perfect for entertaining. Close to major commuter routes!

13. 2018-07-08
    listed $185,000 Active 407-char remark

    Show marketing remark (407 chars)

    Lovely 3 Bed/2 Bath End Unit! This beautiful well maintained home features upgraded kitchen w/ SS appliances & Granite C. T. , Hardwood floors on main level, Open living room with tons of Natural Light. The spacious basement is fully finished w/ a full bath. Walk out and enjoy the privately fenced in back yard w/ patio and landscape that is perfect for entertaining. Close to major commuter routes!

14. 2018-07-08
    listed $185,000 Active 407-char remark

    Show marketing remark (407 chars)

    Lovely 3 Bed/2 Bath End Unit! This beautiful well maintained home features upgraded kitchen w/ SS appliances & Granite C. T. , Hardwood floors on main level, Open living room with tons of Natural Light. The spacious basement is fully finished w/ a full bath. Walk out and enjoy the privately fenced in back yard w/ patio and landscape that is perfect for entertaining. Close to major commuter routes!

15. 2009-08-12
    soldstatus $199,900
16. 2009-07-31
    soldstatus $199,900
17. 2009-07-31
    soldstatus $199,900 Sold
18. 2009-07-08
    historical
19. 2009-07-07
    historical
20. 2009-06-26
    price $205,000
21. 2009-06-05
    listed $215,000
22. 2009-06-05
    listed $205,000
23. 1989-06-30
    soldstatus $72,000
24. 1989-06-30
    soldstatus $72,000
25. 1977-12-30
    soldstatus $34,000

ⓘ 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: $3,468 · $289/mo
• Projected year-2 tax: $3,468 · $289/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 7/10 Severe FEMA zone X (unshaded) · 99% 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 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,253
• − Mortgage interest: −$14,284
• − Property taxes: −$3,468
• − Insurance: −$1,942
• − Repairs & maintenance: −$2,180
• − Management: −$2,180
• − Depreciation: −$7,418
• Taxable loss: −$4,219
• Est. tax savings @ 24.0%: +$1,013
• After-tax cash flow: $1,086/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 — Parkville

• Score: 77/100
• State rank: #77
• US rank: #2839

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parkville, MD
• County: Baltimore County · 769,527 people
• City population: 66,334
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 66,334
• Household income: $83,517
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 2719.0

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 0.58)
• Race & ethnicity: White 58% Black 28% Asian 5% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Romanian 5% Lithuanian 1% Italian 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 2% Tagalog/Filipino 1%

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: ▼ -247.04%
• Current HPI: 254.3824
• Rent YoY: ▲ 6.68%
• 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

+650.0% since first listed

25 events — show timeline

• 2026-04-01 Pending — BRIGHT MLS
• 2026-03-13 Price Changed $255,000 BRIGHT MLS
• 2026-03-13 Relisted — BRIGHT MLS
• 2026-03-11 Listing Removed — BRIGHT MLS
• 2026-02-17 Coming Soon $245,000 BRIGHT MLS
• 2018-09-14 Sold (Public Records) $188,500 Public Records
• 2018-09-14 Sold (Public Records) $188,500 Public Records
• 2018-08-27 Listing Removed — BRIGHT MLS
• 2018-08-24 Sold (MLS) $188,500 MRIS
• 2018-08-24 Sold (MLS) $188,500 BRIGHT MLS
• 2018-07-12 Pending — BRIGHT MLS
• 2018-07-12 Pending — MRIS
• 2018-07-08 Listed $185,000 MRIS
• 2018-07-08 Listed $185,000 BRIGHT MLS
• 2009-08-12 Sold (Public Records) $199,900 Public Records
• 2009-07-31 Sold (MLS) $199,900 MRIS
• 2009-07-31 Sold (MLS) $199,900 BRIGHT MLS
• 2009-07-08 Delisted — MRIS
• 2009-07-07 Listing Removed — BRIGHT MLS
• 2009-06-26 Price Changed $205,000 MRIS
• 2009-06-05 Listed $215,000 MRIS
• 2009-06-05 Listed $205,000 BRIGHT MLS
• 1989-06-30 Sold (Public Records) $72,000 Public Records
• 1989-06-30 Sold (Public Records) $72,000 Public Records
• 1977-12-30 Sold (Public Records) $34,000 Public Records

Property tax history

+4.7%/yr

Latest (2025): $3,468 · +7.6% YoY. Source: county tax records.