3 Park Ln · Easton, MD 21601

$154,900

2 bd · 2.0 ba · 1,357 sqft · SingleFamily · 225 Days on market

Built 1983 Good condition 5,488 sqft lot $114/sqft · at area comps Est $152k · at est. ↓ 9% since listing

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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).

• Cash flow +28.3/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• ARV discount +6.6/15.0
• Condition / age +3.8/5.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * Motivated seller * * Two Bedroom, Two Full Bathroom in the Home in Sought-After Hyde Park 55+ Community Welcome to 3 Park Lane, a beautiful open floor double modular home nestled in the highly desired Hyde Park community of Easton, Maryland. This home is completely move in ready! Buyer must be approved at the park office before submitting offer. Applications are in the office and online. Property IS subject to “GROUND RENT of $711.17”! Monthly lot rent includes property taxes, all park amenities such as the outdoor pool, the clubhouse, water, sewer, weekly trash pick-up, bi-weekly recycling. Main roads only cleared of snow. Buyer is responsible to clear their own sidewalk, driveway, and steps. Step inside to the bright, inviting open floor plan, the interior features all-new carpet and tile flooring (2025), updated light fixtures, and a fresh, sophisticated look that radiates warmth and style. The kitchen and laundry area have been slightly updated in 2025, and a small coffee bar — the perfect spot to enjoy your morning cup while taking in the peaceful surroundings. Recent exterior upgrades include new shutters and windows (2021), a new roof (2022), and fresh paint (2021). The storage shed has also been enhanced with new trim and gutters, making it as functional as it is attractive. Enjoy the 3-season sun porch while enjoying a cup of coffee. Handicap accessible ramp for easy access. Beautifully designed landscaping to enjoy year-round. Located in the beautiful Hyde Park 55+ senior community, residents enjoy a welcoming neighborhood atmosphere and wonderful amenities, including a community clubhouse, outdoor pool, walking areas, social events, and beautifully maintained common grounds — all just minutes from Easton’s charming downtown, shops, and restaurants. Buyer must apply at the Hyde Park Office using their application on site and be approved prior to settlement.

Key facts

• 5,488 sq ft lot
• 2 parking spots
• Community pool

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $155k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $496 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 3.8% in Easton — 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 71/100 on livability (#154 in MD) — a middle-class / working-renter tenant base. Strengths: health & safety A+, housing A-, employment B+; Watch: amenities C-, schools D, crime D.
• Talbot County Public Schools (town): math 15% / reading 35% proficiency, ranked #12 of 24 in MD (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 207 active listings in the ZIP; solid renter incomes; 158 units permitted in Talbot County in 2024 (0 in 5+ unit buildings).

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.
• Talbot County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 225 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Recommended offer $136,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 225 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 D 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: 1.28% ✓
• Cap rate: 10.14%
• Cash-on-cash: 13.72%
• DSCR: 1.61
• GRM: 6.5

CMA / ARV

• ARV (median comp): $151,746
• List price: $154,900
• Delta: 2.08%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6 Downing St	0.10mi	2/2.0	1,400 (+3%)	10mo	$130,000	$93	82
20 Downing St	0.15mi	2/2.0	1,492 (+10%)	1mo	$149,000	$100	76
69 Park Ln	0.20mi	2/2.0	1,288 (-5%)	14mo	$146,000	$113	71
9 Albion Ct	0.06mi	2/2.0	1,209 (-11%)	12mo	$187,000	$155	69
8 Park Ln	0.04mi	2/2.0	1,209 (-11%)	14mo	$189,500	$157	68
1 Downing St	0.11mi	2/2.0	1,248 (-8%)	18mo	$146,900	$118	67
26 Kensington Dr	0.15mi	3/2.0 (+1)	1,456 (+7%)	13mo	$212,500	$146	65
30 Kensington Dr	0.16mi	2/2.0	1,248 (-8%)	18mo	$200,000	$160	64
29329 Clearview Rd	0.39mi	3/1.5 (+1)	1,296 (-4%)	20mo	$320,000	$247	51
9388 Centreville Rd	0.61mi	2/1.0	1,282 (-6%)	22mo	$180,000	$140	40

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.9%
• Equity multiple: 1.15×
• Total profit: $6,519
• Equity at exit: $23,096

10-year hold

• IRR: 13.4%
• Equity multiple: 2.07×
• Total profit: $46,474
• Equity at exit: $13,393

Cash invested: $43,372 (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 21601

• Home prices YoY: -31.0%
• Active inventory: 207
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,983 medium
• Mortgage (P&I): −$812
• Tax est. 1.5%: −$194 /mo · $2,324/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $496

Break-even live

Break-even rent $1,355

Max offer price $154,900

Occupancy floor 70%

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $154,900 Active 225 DOM
2. 2026-06-18
   days on market $154,900 Active 224 DOM
3. 2026-06-17
   days on market $154,900 Active 223 DOM
4. 2026-06-16
   days on market $154,900 Active 222 DOM
5. 2026-06-15
   pricedays on market $154,900 Active 221 DOM
6. 2026-06-14
   days on market $159,900 Active 219 DOM
7. 2026-06-12
   days on market $159,900 Active 218 DOM
8. 2026-06-09
   days on market $159,900 Active 215 DOM
9. 2026-06-08
   days on market $159,900 Active 214 DOM
10. 2026-06-07
    days on market $159,900 Active 213 DOM
11. 2026-06-03
    days on market $159,900 Active 209 DOM
12. 2026-06-02
    days on market $159,900 Active 208 DOM
13. 2026-06-01
    days on market $159,900 Active 207 DOM
14. 2026-05-31
    days on market $159,900 Active 206 DOM
15. 2026-05-30
    days on market $159,900 Active 205 DOM
16. 2026-05-20
    price $159,900 1937-char remark

    Show marketing remark (1937 chars)

    * * Motivated seller * * Two Bedroom, Two Full Bathroom in the Home in Sought-After Hyde Park 55+ Community Welcome to 3 Park Lane, a beautiful open floor double modular home nestled in the highly desired Hyde Park community of Easton, Maryland. This home is completely move in ready! Buyer must be approved at the park office before submitting offer. Applications are in the office and online. Property IS subject to “GROUND RENT of $711.17”! Monthly lot rent includes property taxes, all park amenities such as the outdoor pool, the clubhouse, water, sewer, weekly trash pick-up, bi-weekly recycling. Main roads only cleared of snow. Buyer is responsible to clear their own sidewalk, driveway, and steps. Step inside to the bright, inviting open floor plan, the interior features all-new carpet and tile flooring (2025), updated light fixtures, and a fresh, sophisticated look that radiates warmth and style. The kitchen and laundry area have been slightly updated in 2025, and a small coffee bar — the perfect spot to enjoy your morning cup while taking in the peaceful surroundings. Recent exterior upgrades include new shutters and windows (2021), a new roof (2022), and fresh paint (2021). The storage shed has also been enhanced with new trim and gutters, making it as functional as it is attractive. Enjoy the 3-season sun porch while enjoying a cup of coffee. Handicap accessible ramp for easy access. Beautifully designed landscaping to enjoy year-round. Located in the beautiful Hyde Park 55+ senior community, residents enjoy a welcoming neighborhood atmosphere and wonderful amenities, including a community clubhouse, outdoor pool, walking areas, social events, and beautifully maintained common grounds — all just minutes from Easton’s charming downtown, shops, and restaurants. Buyer must apply at the Hyde Park Office using their application on site and be approved prior to settlement.

17. 2026-05-02
    price $165,900 1937-char remark

    Show marketing remark (1937 chars)

    * * Motivated seller * * Two Bedroom, Two Full Bathroom in the Home in Sought-After Hyde Park 55+ Community Welcome to 3 Park Lane, a beautiful open floor double modular home nestled in the highly desired Hyde Park community of Easton, Maryland. This home is completely move in ready! Buyer must be approved at the park office before submitting offer. Applications are in the office and online. Property IS subject to “GROUND RENT of $711.17”! Monthly lot rent includes property taxes, all park amenities such as the outdoor pool, the clubhouse, water, sewer, weekly trash pick-up, bi-weekly recycling. Main roads only cleared of snow. Buyer is responsible to clear their own sidewalk, driveway, and steps. Step inside to the bright, inviting open floor plan, the interior features all-new carpet and tile flooring (2025), updated light fixtures, and a fresh, sophisticated look that radiates warmth and style. The kitchen and laundry area have been slightly updated in 2025, and a small coffee bar — the perfect spot to enjoy your morning cup while taking in the peaceful surroundings. Recent exterior upgrades include new shutters and windows (2021), a new roof (2022), and fresh paint (2021). The storage shed has also been enhanced with new trim and gutters, making it as functional as it is attractive. Enjoy the 3-season sun porch while enjoying a cup of coffee. Handicap accessible ramp for easy access. Beautifully designed landscaping to enjoy year-round. Located in the beautiful Hyde Park 55+ senior community, residents enjoy a welcoming neighborhood atmosphere and wonderful amenities, including a community clubhouse, outdoor pool, walking areas, social events, and beautifully maintained common grounds — all just minutes from Easton’s charming downtown, shops, and restaurants. Buyer must apply at the Hyde Park Office using their application on site and be approved prior to settlement.

18. 2026-03-10
    price $169,900 1937-char remark

    Show marketing remark (1937 chars)

    * * Motivated seller * * Two Bedroom, Two Full Bathroom in the Home in Sought-After Hyde Park 55+ Community Welcome to 3 Park Lane, a beautiful open floor double modular home nestled in the highly desired Hyde Park community of Easton, Maryland. This home is completely move in ready! Buyer must be approved at the park office before submitting offer. Applications are in the office and online. Property IS subject to “GROUND RENT of $711.17”! Monthly lot rent includes property taxes, all park amenities such as the outdoor pool, the clubhouse, water, sewer, weekly trash pick-up, bi-weekly recycling. Main roads only cleared of snow. Buyer is responsible to clear their own sidewalk, driveway, and steps. Step inside to the bright, inviting open floor plan, the interior features all-new carpet and tile flooring (2025), updated light fixtures, and a fresh, sophisticated look that radiates warmth and style. The kitchen and laundry area have been slightly updated in 2025, and a small coffee bar — the perfect spot to enjoy your morning cup while taking in the peaceful surroundings. Recent exterior upgrades include new shutters and windows (2021), a new roof (2022), and fresh paint (2021). The storage shed has also been enhanced with new trim and gutters, making it as functional as it is attractive. Enjoy the 3-season sun porch while enjoying a cup of coffee. Handicap accessible ramp for easy access. Beautifully designed landscaping to enjoy year-round. Located in the beautiful Hyde Park 55+ senior community, residents enjoy a welcoming neighborhood atmosphere and wonderful amenities, including a community clubhouse, outdoor pool, walking areas, social events, and beautifully maintained common grounds — all just minutes from Easton’s charming downtown, shops, and restaurants. Buyer must apply at the Hyde Park Office using their application on site and be approved prior to settlement.

19. 2025-11-07
    listed $175,000 Active 1937-char remark

    Show marketing remark (1937 chars)

    * * Motivated seller * * Two Bedroom, Two Full Bathroom in the Home in Sought-After Hyde Park 55+ Community Welcome to 3 Park Lane, a beautiful open floor double modular home nestled in the highly desired Hyde Park community of Easton, Maryland. This home is completely move in ready! Buyer must be approved at the park office before submitting offer. Applications are in the office and online. Property IS subject to “GROUND RENT of $711.17”! Monthly lot rent includes property taxes, all park amenities such as the outdoor pool, the clubhouse, water, sewer, weekly trash pick-up, bi-weekly recycling. Main roads only cleared of snow. Buyer is responsible to clear their own sidewalk, driveway, and steps. Step inside to the bright, inviting open floor plan, the interior features all-new carpet and tile flooring (2025), updated light fixtures, and a fresh, sophisticated look that radiates warmth and style. The kitchen and laundry area have been slightly updated in 2025, and a small coffee bar — the perfect spot to enjoy your morning cup while taking in the peaceful surroundings. Recent exterior upgrades include new shutters and windows (2021), a new roof (2022), and fresh paint (2021). The storage shed has also been enhanced with new trim and gutters, making it as functional as it is attractive. Enjoy the 3-season sun porch while enjoying a cup of coffee. Handicap accessible ramp for easy access. Beautifully designed landscaping to enjoy year-round. Located in the beautiful Hyde Park 55+ senior community, residents enjoy a welcoming neighborhood atmosphere and wonderful amenities, including a community clubhouse, outdoor pool, walking areas, social events, and beautifully maintained common grounds — all just minutes from Easton’s charming downtown, shops, and restaurants. Buyer must apply at the Hyde Park Office using their application on site and be approved prior to settlement.

20. 2025-10-26
    historical $175,000 1937-char remark

    Show marketing remark (1937 chars)

    * * Motivated seller * * Two Bedroom, Two Full Bathroom in the Home in Sought-After Hyde Park 55+ Community Welcome to 3 Park Lane, a beautiful open floor double modular home nestled in the highly desired Hyde Park community of Easton, Maryland. This home is completely move in ready! Buyer must be approved at the park office before submitting offer. Applications are in the office and online. Property IS subject to “GROUND RENT of $711.17”! Monthly lot rent includes property taxes, all park amenities such as the outdoor pool, the clubhouse, water, sewer, weekly trash pick-up, bi-weekly recycling. Main roads only cleared of snow. Buyer is responsible to clear their own sidewalk, driveway, and steps. Step inside to the bright, inviting open floor plan, the interior features all-new carpet and tile flooring (2025), updated light fixtures, and a fresh, sophisticated look that radiates warmth and style. The kitchen and laundry area have been slightly updated in 2025, and a small coffee bar — the perfect spot to enjoy your morning cup while taking in the peaceful surroundings. Recent exterior upgrades include new shutters and windows (2021), a new roof (2022), and fresh paint (2021). The storage shed has also been enhanced with new trim and gutters, making it as functional as it is attractive. Enjoy the 3-season sun porch while enjoying a cup of coffee. Handicap accessible ramp for easy access. Beautifully designed landscaping to enjoy year-round. Located in the beautiful Hyde Park 55+ senior community, residents enjoy a welcoming neighborhood atmosphere and wonderful amenities, including a community clubhouse, outdoor pool, walking areas, social events, and beautifully maintained common grounds — all just minutes from Easton’s charming downtown, shops, and restaurants. Buyer must apply at the Hyde Park Office using their application on site and be approved prior to settlement.

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

Taxation est. · year 1

• Rental income: $23,794
• − Mortgage interest: −$8,677
• − Property taxes: −$2,324
• − Insurance: −$774
• − Repairs & maintenance: −$1,904
• − Management: −$1,904
• − Depreciation: −$4,506
• Taxable income: $3,706
• Est. tax owed @ 24.0%: −$889
• After-tax cash flow: $5,062/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.

Condition & rehab AI · 9 photos

Good 75/100 Cosmetic rehab

This home is in good condition and completely move-in ready, with minor cosmetic updates that can significantly increase its value.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance the curb appeal and interior aesthetics.
• Both Updating the kitchen cabinets and countertops — Modernizing the kitchen can increase both resale and rental value.
• Both Upgrading the HVAC system — A new HVAC system can improve comfort and energy efficiency, attracting more buyers and renters.
• Both Landscaping the front yard — A well-maintained front yard can enhance curb appeal and attract more potential buyers and renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance the curb appeal and interior aesthetics. ↑
• Both Updating the kitchen cabinets and countertops — Modernizing the kitchen can increase both resale and rental value. ↑
• Both Upgrading the HVAC system — A new HVAC system can improve comfort and energy efficiency, attracting more buyers and renters. ↑
• Both Landscaping the front yard — A well-maintained front yard can enhance curb appeal and attract more potential buyers and renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Talbot County Public Schools
• NCES district ID: 2400630
• Math proficiency: 15% ▼ -19.00%
• Reading proficiency: 35% ▼ -10.00%
• Median HH income: $61,786
• Composite: 23.11/100
• National rank: #7961
• State rank: #12 of 24 in MD

Livability — Easton

• Score: 71/100
• State rank: #154
• US rank: #6882

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Easton, MD
• County: Talbot County · 24,671 people
• City population: 24,671
• Metro: Easton, MD
• Population (ZIP): 24,671
• Household income: $83,680
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 771.0

Population outlook (Talbot County) Hauer SSP2

• Today (2025): 36,811 people
• By 2030: 36,305 · -1.4%
• By 2040: 34,818 · -5.4%
• By 2050: 32,982 · -10.4%
• By 2075: 29,631 · -19.5%
• By 2100: 25,767 · -30.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 14% Hispanic / Latino 10% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 4% Romanian 3% Slovak 2%
• Foreign-born: 9% · Canada, Guatemala
• Languages at home: 89% English-only · Spanish 8% Other Indo-European 2%

Political lean MEDSL · Talbot

• 2024 margin: Toss-up / Even · D 49.0% · R 49.1% · Other 1.9%
• 2008→2024 swing: +9.6pp toward D · 2008: -9.6pp · 2024: -0.0pp
• All cycles: 2024: R+0.0 2020: D+0.5 2016: R+11.9 2012: R+13.2 2008: R+9.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -103.01%
• Current HPI: 229.2902
• Rent YoY: —
• Metro: Easton, 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

-8.6% since first listed

5 events — show timeline

• 2026-05-20 Price Changed $159,900 BRIGHT MLS
• 2026-05-02 Price Changed $165,900 BRIGHT MLS
• 2026-03-10 Price Changed $169,900 BRIGHT MLS
• 2025-11-07 Listed $175,000 BRIGHT MLS
• 2025-10-26 Coming Soon $175,000 BRIGHT MLS