4920 Old Court Rd · Randallstown, MD 21133

$255,000

3 bd · 1.5 ba · 1,419 sqft · Townhouse public records · 16 Days on market

Built 1967 4,704 sqft lot Est $264k · at est.

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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).

• Cash flow +13.9/30.0
• ARV discount +9.0/15.0
• DSCR +4.2/10.0
• Livability +3.8/5.0
• 1% rule +3.5/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This semi-detached beauty boast over 1200 sq ft, backed by a massive back yard, perfect for making memories and entertainment, in the heart of Randallstown. Large newer windows invite plenty of natural sunlight to the main & top floors. Private drive way offers curbside service to side entrance, in addition to off street parking, 3 yr old roof, updated systems & windows. 1-yr AHS warranty

Key facts

• 2 parking spots
• Built 1967
• Listed 16 days

Property features AI

Finance

• Financial info: Annual ground rent fee
• HOA & community: Ground rent exists (annual payment)

Exterior

• Parking: Two off-street spaces; Driveway parking; On-street parking available; Total of 2 garage/parking spaces
• Utilities: Public water; Public sewer; Electric cooling; Natural gas heat and hot water
• Home design: Semi-detached property; Entry levels include main and upper levels; Year built estimated
• Construction: Vinyl siding with brick front; Block foundation; Asphalt shingle roof
• Exterior features: Gutter system; Sidewalks; Backs to trees; Outside and side entrances to basement; Walkout stairs and windows in basement

Interior

• Kitchen: Eat-in kitchen; Dishwasher; Stove; Refrigerator
• Bedrooms: Three bedrooms on the upper level
• Flooring: Hardwood; Vinyl; Carpet; Concrete
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Dining area; Formal separate dining room; Wood floors; Carpet; Concrete flooring areas; Tub/shower; Ceiling fans; Traditional floor plan; Upgraded countertops
• Laundry & utility: Washer and dryer; Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $255k.

Deal economics

• At list price, monthly cash flow is $30 ($364/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 $216k (15.3% below list).
• Recommended offer: $216k (15.3% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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 soft (-0.3%/yr); 69 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 13d 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 32% of the median local income ($80k/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

• It's been on market 16 days — a 2% lower offer ($251k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $185k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $216,084 (15.3% below list)

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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?
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: 0.85% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.51%
• DSCR: 1.02
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $263,934
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8313 Lacewood Ln	0.44mi	3/1.5	1,410 (-1%)	17mo	$266,000	$189	64
3906 Queens Lace St	0.54mi	3/1.5	1,540 (+8%)	20mo	$270,000	$175	44
3910 Squire Tuck Way	0.65mi	3/2.5	1,610 (+14%)	2mo	$299,000	$186	42
3934 Queens Lace St	0.54mi	4/2.5 (+1)	1,540 (+8%)	22mo	$270,000	$175	33

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -18.8%
• Equity multiple: 0.36×
• Total profit: $-45,743
• Equity at exit: $38,021

10-year hold

• IRR: -18.4%
• Equity multiple: 0.13×
• Total profit: $-61,901
• 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 21133

• Rents YoY: -0.3%
• Active inventory: 69
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,161 high
• Mortgage (P&I): −$1,337
• Tax from tax record: −$233 /mo · $2,799/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$454
• Net cashflow: $30

Break-even live

Break-even rent $2,122

Max offer price $255,000

Occupancy floor 94%

Sensitivity live

Price	-10% $175	-5% $102	+0% $30	+5% $-42	+10% $-114
Rent	-10% $-140	-5% $-55	+0% $30	+5% $116	+10% $201
Rate	-1.0pp $159	-0.5pp $95	base $30	+0.5pp $-36	+1.0pp $-103

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 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8541 Lucerne Rd Randallstown, MD	3.0	2.0	1009	$2,001	$1.98	2d	1	0.53mi
3601 Yennar Ln Windsor Mill, MD	1.0–3.0	1.0–1.5	971	$2,171	$2.24	2d	24	0.62mi
4619 Horizon Cir Pikesville, MD	1.0–2.0	1.0–2.0	965	$2,095	$2.17	3d	10	0.62mi
8246 Church Ln Ste E Windsor Mill, MD	3.0	1.0–2.0	841	$1,890	$2.25	2d	50	0.64mi
8601 Gray Fox Rd Randallstown, MD	1.0–3.0	1.0–2.0	987	$1,815	$1.84	2d	46	0.77mi
4607 Old Court Rd Pikesville, MD	1.0–2.0	1.0–2.0	944	$1,798	$1.90	3d	14	0.88mi
3516A Langrehr Rd Windsor Mill, MD	1.0–2.0	1.0	815	$1,515	$1.86	5d	14	0.94mi
3700 Old Milford Mill Rd Windsor Mill, MD	3.0	3.0	1450	$2,500	$1.72	22d	1	1.04mi
8331 Mindale Cir Windsor Mill, MD	2.0	2.0	1180	$1,774	$1.50	2d	5	1.10mi
103 Village of Pine Ct Windsor Mill, MD	1.0–3.0	1.0–2.5	1281	$2,595	$2.02	2d	29	1.10mi
8904 Church Ln Randallstown, MD	4.0	1.0	1610	$2,380	$1.48	24d	1	1.11mi
7900 Brookford Cir Pikesville, MD	1.0–3.0	1.0–2.0	969	$2,095	$2.16	13d	8	1.14mi
3315 N Rolling Rd Windsor Mill, MD	3.0	2.0	1438	$3,600	$2.50	15d	1	1.20mi
3929 Whispering Meadow Dr Randallstown, MD	3.0	2.5	1650	$2,250	$1.36	15d	1	1.27mi
4412 Old Court Rd Pikesville, MD	2.0	2.0	1066	$1,400	$1.31	44d	1	1.27mi
8711 Gilly Way #8711 Randallstown, MD	3.0	2.5	1800	$2,540	$1.41	44d	1	1.36mi
8826 Harkate Way Randallstown, MD	4.0	3.5	1300	$3,200	$2.46	44d	1	1.36mi
3401 Gaither Rd Windsor Mill, MD	4.0	2.5	1220	$2,750	$2.25	13d	1	1.43mi

Listing history 18 events

1. 2026-06-07
   statusdays on market $255,000 Pending 16 DOM
2. 2026-06-04
   days on market $255,000 Active 14 DOM
3. 2026-06-03
   pricedays on market $255,000 Active 13 DOM
4. 2026-06-02
   days on market $270,000 Active 12 DOM
5. 2026-06-01
   days on market $270,000 Active 11 DOM
6. 2026-05-31
   days on market $270,000 Active 10 DOM
7. 2026-05-22
   listed $270,000 Active
8. 2026-05-20
   historical $270,000
9. 2018-10-12
   soldstatus $185,000
10. 2018-07-13
    soldstatus $185,000 Sold 403-char remark

    Show marketing remark (403 chars)

    This semi-detached beauty boast over 1200 sq ft, backed by a massive back yard, perfect for making memories and entertainment, in the heart of Randallstown. Large newer windows invite plenty of natural sunlight to the main & top floors. Private drive way offers curbside service to side entrance, in addition to off street parking, 3 yr old roof, updated systems & windows. 1-yr AHS warranty

11. 2018-07-13
    soldstatus $185,000 Closed 403-char remark

    Show marketing remark (403 chars)

    This semi-detached beauty boast over 1200 sq ft, backed by a massive back yard, perfect for making memories and entertainment, in the heart of Randallstown. Large newer windows invite plenty of natural sunlight to the main & top floors. Private drive way offers curbside service to side entrance, in addition to off street parking, 3 yr old roof, updated systems & windows. 1-yr AHS warranty

12. 2018-05-27
    status Pending 403-char remark

    Show marketing remark (403 chars)

    This semi-detached beauty boast over 1200 sq ft, backed by a massive back yard, perfect for making memories and entertainment, in the heart of Randallstown. Large newer windows invite plenty of natural sunlight to the main & top floors. Private drive way offers curbside service to side entrance, in addition to off street parking, 3 yr old roof, updated systems & windows. 1-yr AHS warranty

13. 2018-05-19
    historical Active Under Contract 403-char remark

    Show marketing remark (403 chars)

    This semi-detached beauty boast over 1200 sq ft, backed by a massive back yard, perfect for making memories and entertainment, in the heart of Randallstown. Large newer windows invite plenty of natural sunlight to the main & top floors. Private drive way offers curbside service to side entrance, in addition to off street parking, 3 yr old roof, updated systems & windows. 1-yr AHS warranty

14. 2018-05-19
    status Contingent (No Kick Out) 403-char remark

    Show marketing remark (403 chars)

    This semi-detached beauty boast over 1200 sq ft, backed by a massive back yard, perfect for making memories and entertainment, in the heart of Randallstown. Large newer windows invite plenty of natural sunlight to the main & top floors. Private drive way offers curbside service to side entrance, in addition to off street parking, 3 yr old roof, updated systems & windows. 1-yr AHS warranty

15. 2018-05-16
    listed $175,000 Active 403-char remark

    Show marketing remark (403 chars)

    This semi-detached beauty boast over 1200 sq ft, backed by a massive back yard, perfect for making memories and entertainment, in the heart of Randallstown. Large newer windows invite plenty of natural sunlight to the main & top floors. Private drive way offers curbside service to side entrance, in addition to off street parking, 3 yr old roof, updated systems & windows. 1-yr AHS warranty

16. 2018-05-16
    listed $175,000 Active 403-char remark

    Show marketing remark (403 chars)

    This semi-detached beauty boast over 1200 sq ft, backed by a massive back yard, perfect for making memories and entertainment, in the heart of Randallstown. Large newer windows invite plenty of natural sunlight to the main & top floors. Private drive way offers curbside service to side entrance, in addition to off street parking, 3 yr old roof, updated systems & windows. 1-yr AHS warranty

17. 1987-08-04
    soldstatus $73,000
18. 1984-08-06
    soldstatus $58,500

ⓘ 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: $2,799 · $233/mo
• Projected year-2 tax: $2,799 · $233/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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% 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: $25,930
• − Mortgage interest: −$14,284
• − Property taxes: −$2,799
• − Insurance: −$1,275
• − Repairs & maintenance: −$2,074
• − Management: −$2,074
• − Depreciation: −$7,418
• Taxable loss: −$3,995
• Est. tax savings @ 24.0%: +$959
• After-tax cash flow: $1,322/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): 31,398
• Household income: $80,480
• Rent vs Own: 31.6% rent · 68.4% own
• Severe rent burden: 1467.0

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: Predominantly Black (77%)
• Race & ethnicity: Black 77% White 9% Hispanic / Latino 7% Two or more races 6% Asian 2%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 15% · Canada
• Languages at home: 84% English-only · Spanish 6% French/Haitian/Cajun 1% Arabic 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: ▼ -255.21%
• Current HPI: 258.8879
• Rent YoY: ▼ -0.29%
• 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

+361.5% since first listed

12 events — show timeline

• 2026-05-22 Listed $270,000 BRIGHT MLS
• 2026-05-20 Coming Soon $270,000 BRIGHT MLS
• 2018-10-12 Sold (Public Records) $185,000 Public Records
• 2018-07-13 Sold (MLS) $185,000 BRIGHT MLS
• 2018-07-13 Sold (MLS) $185,000 MRIS
• 2018-05-27 Pending — BRIGHT MLS
• 2018-05-19 Contingent — BRIGHT MLS
• 2018-05-19 Pending — MRIS
• 2018-05-16 Listed $175,000 BRIGHT MLS
• 2018-05-16 Listed $175,000 MRIS
• 1987-08-04 Sold (Public Records) $73,000 Public Records
• 1984-08-06 Sold (Public Records) $58,500 Public Records

Property tax history

+4.0%/yr

Latest (2025): $2,799 · +3.2% YoY. Source: county tax records.