2932 Clifton Park Ter · Baltimore, MD 21213

$139,900

3 bd · 1.5 ba · 1,494 sqft · Townhouse public records · 67 Days on market

Built 1923 1,344 sqft lot $94/sqft · 12% above area Est $125k · 12% over

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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 +28.6/30.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• ARV discount +2.2/15.0
• Schools +1.0/10.0

Listing remarks MLS

Welcome to 2932 Clifton Park Ter — a well-positioned Baltimore rowhome offering solid space and practical functionality. The main level features a traditional layout with defined living and dining areas, leading into a workable kitchen with good cabinet space. Upstairs, you’ll find comfortable bedroom sizes and a full bath, providing a straightforward layout for everyday living. The property offers a good opportunity for a buyer looking to personalize or an investor seeking a steady addition to their portfolio. Conveniently located near Clifton Park, major commuter routes, and neighborhood amenities. A solid option with long-term upside in a consistently active area.

Key facts

• Baltimore rowhome
• Near clifton park
• Full bath

Tags

• BALTIMORE ROWHOME
• WORKABLE KITCHEN
• GOOD CABINET SPACE
• COMFORTABLE BEDROOM SIZES
• FULL BATH
• NEAR CLIFTON PARK

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $140k.

Deal economics

• At list price, monthly cash flow is $460 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $132k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.2% 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 (+5.2%/yr); 319 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); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 43% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $172 of equity ($967 loan paydown + $-795 appreciation (-0.6% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.6% appreciation + 5.2% rent growth), your $39k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 17y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $131,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.31% ✓
• Cap rate: 10.24%
• Cash-on-cash: 14.09%
• DSCR: 1.63
• GRM: 6.4

CMA / ARV

• ARV (median comp): $125,175
• List price: $139,900
• Delta: 11.76%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3114 Mareco Ave	0.13mi	3/2.0	1,410 (-6%)	2mo	$125,000	$89	81
2902 Clifton Park Ter	0.04mi	3/1.5	1,344 (-10%)	1mo	$66,000	$49	81
3444 Belair Rd	0.23mi	3/2.0	1,428 (-4%)	2mo	$131,000	$92	78
2846 Lake Ave	0.18mi	4/2.5 (+1)	1,455 (-3%)	2mo	$235,000	$162	77
3564 Elmora Ave	0.50mi	3/1.5	1,478 (-1%)	1mo	$133,500	$90	74
3017 Erdman Ave	0.06mi	3/1.0	1,288 (-14%)	3mo	$129,250	$100	70
3211 Chesterfield Ave	0.44mi	2/1.0 (-1)	1,509 (+1%)	3mo	$150,000	$99	69
3533 Elmley Ave	0.40mi	3/1.5	1,344 (-10%)	1mo	$70,000	$52	64
3620 Erdman Ave	0.46mi	3/2.0	1,600 (+7%)	2mo	$120,000	$75	63
3406 Ramona Ave	0.67mi	3/2.0	1,408 (-6%)	0mo	$85,000	$60	57
3571 Dudley Ave	0.73mi	3/2.0	1,400 (-6%)	1mo	$175,000	$125	53
3733 Ravenwood Ave	0.70mi	3/2.0	1,350 (-10%)	1mo	$135,000	$100	49

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

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 13.9%
• Equity multiple: 1.66×
• Total profit: $25,793
• Equity at exit: $36,694

10-year hold

• IRR: 20.8%
• Equity multiple: 3.37×
• Total profit: $92,861
• Equity at exit: $41,084

Cash invested: $39,172 (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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,832 high
• Mortgage (P&I): −$734
• Tax from tax record: −$196 /mo · $2,349/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $460

Break-even live

Break-even rent $1,250

Max offer price $139,900

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	4d	1	0.15mi
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	44d	1	0.16mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	3d	1	0.25mi
2837 Pelham Ave Baltimore, MD	4.0	2.0	1164	$1,675	$1.44	44d	1	0.28mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	24d	1	0.28mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	44d	1	0.30mi
2735 Chesterfield Ave Baltimore, MD	3.0	2.5	1536	$2,000	$1.30	11d	1	0.35mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	44d	1	0.39mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	24d	1	0.40mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	12d	1	0.40mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.40mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	18d	1	0.40mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	0.40mi
3551 Elmley Ave Baltimore, MD	3.0	1.5	1872	$2,095	$1.12	24d	1	0.41mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	44d	1	0.42mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	24d	1	0.42mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	24d	1	0.42mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	0.43mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	20d	1	0.45mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	0.46mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	20d	1	0.46mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	44d	1	0.47mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	18d	1	0.47mi
3519 Kentucky Ave Baltimore, MD	3.0	2.0	1536	$2,100	$1.37	11d	1	0.50mi
3525 Kentucky Ave Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	44d	1	0.51mi
3305 Dudley Ave Baltimore, MD	3.0	2.0	1413	$1,950	$1.38	44d	1	0.54mi
3300 Dudley Ave Baltimore, MD	4.0	2.0	1724	$2,200	$1.28	44d	1	0.55mi
3572 Juneway Unit 1 Baltimore, MD	2.0	1.0	1800	$1,200	$0.67	44d	1	0.60mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	24d	1	0.61mi
3603 Ravenwood Ave Unit 1 Baltimore, MD	4.0	1.0	1566	$1,600	$1.02	44d	1	0.62mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	44d	1	0.62mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	18d	1	0.63mi
4104 Erdman Ave Unit 2 Baltimore, MD	2.0	1.0	1566	$1,075	$0.69	4d	1	0.69mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	24d	1	0.72mi
3551 Shannon Dr Baltimore, MD	3.0	2.0	1485	$2,358	$1.59	24d	1	0.74mi
4024 Eierman Ave Baltimore, MD	3.0	2.0	1136	$1,825	$1.61	44d	1	0.75mi
3573 Shannon Dr Baltimore, MD	4.0	2.0	1493	$2,300	$1.54	18d	1	0.75mi
4320 Sheldon Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	24d	1	0.76mi
4400 Asbury Ave Baltimore, MD	3.0	2.0	1270	$1,995	$1.57	4d	1	0.80mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.80mi

Listing history 30 events

1. 2026-06-18
   days on market $139,900 Active 67 DOM
2. 2026-06-17
   days on market $139,900 Active 66 DOM
3. 2026-06-16
   days on market $139,900 Active 65 DOM
4. 2026-06-15
   days on market $139,900 Active 64 DOM
5. 2026-06-13
   days on market $139,900 Active 62 DOM
6. 2026-06-09
   days on market $139,900 Active 58 DOM
7. 2026-06-08
   days on market $139,900 Active 57 DOM
8. 2026-06-07
   days on market $139,900 Active 56 DOM
9. 2026-06-04
   days on market $139,900 Active 53 DOM
10. 2026-06-03
    days on market $139,900 Active 52 DOM
11. 2026-06-02
    days on market $139,900 Active 51 DOM
12. 2026-06-01
    days on market $139,900 Active 50 DOM
13. 2026-05-31
    days on market $139,900 Active 49 DOM
14. 2026-04-12
    listed $150,000 Active 687-char remark

    Show marketing remark (687 chars)

    Welcome to 2932 Clifton Park Ter — a well-positioned Baltimore rowhome offering solid space and practical functionality. The main level features a traditional layout with defined living and dining areas, leading into a workable kitchen with good cabinet space. Upstairs, you’ll find comfortable bedroom sizes and a full bath, providing a straightforward layout for everyday living. The property offers a good opportunity for a buyer looking to personalize or an investor seeking a steady addition to their portfolio. Conveniently located near Clifton Park, major commuter routes, and neighborhood amenities. A solid option with long-term upside in a consistently active area.

15. 2022-04-21
    soldstatus $100,000
16. 2022-01-25
    soldstatus $100,000 Closed 249-char remark

    Show marketing remark (249 chars)

    Great starter home with golf course views! Original hardwoods throughout, huge front porch, eat in kitchen, granite countertops, backyard for entertaining. partially finished basement, window seating in master bedroom. Make your appointment today.

17. 2021-12-27
    status Pending 249-char remark

    Show marketing remark (249 chars)

    Great starter home with golf course views! Original hardwoods throughout, huge front porch, eat in kitchen, granite countertops, backyard for entertaining. partially finished basement, window seating in master bedroom. Make your appointment today.

18. 2021-12-22
    status Active 249-char remark

    Show marketing remark (249 chars)

    Great starter home with golf course views! Original hardwoods throughout, huge front porch, eat in kitchen, granite countertops, backyard for entertaining. partially finished basement, window seating in master bedroom. Make your appointment today.

19. 2021-11-27
    status Pending 249-char remark

    Show marketing remark (249 chars)

    Great starter home with golf course views! Original hardwoods throughout, huge front porch, eat in kitchen, granite countertops, backyard for entertaining. partially finished basement, window seating in master bedroom. Make your appointment today.

20. 2021-11-18
    status Active 249-char remark

    Show marketing remark (249 chars)

    Great starter home with golf course views! Original hardwoods throughout, huge front porch, eat in kitchen, granite countertops, backyard for entertaining. partially finished basement, window seating in master bedroom. Make your appointment today.

21. 2021-10-20
    status Pending 249-char remark

    Show marketing remark (249 chars)

    Great starter home with golf course views! Original hardwoods throughout, huge front porch, eat in kitchen, granite countertops, backyard for entertaining. partially finished basement, window seating in master bedroom. Make your appointment today.

22. 2021-09-11
    listed $99,999 Active 249-char remark

    Show marketing remark (249 chars)

    Great starter home with golf course views! Original hardwoods throughout, huge front porch, eat in kitchen, granite countertops, backyard for entertaining. partially finished basement, window seating in master bedroom. Make your appointment today.

23. 2009-12-09
    soldstatus $40,000 Sold
24. 2009-12-09
    soldstatus $40,000
25. 2009-11-12
    status Contract
26. 2009-11-11
    historical
27. 2009-11-06
    listed $44,900 Active
28. 2009-11-06
    listed $44,900
29. 1995-05-26
    soldstatus $44,000
30. 1991-01-04
    soldstatus $45,000

ⓘ 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: $2,349 · $196/mo
• Projected year-2 tax: $2,349 · $196/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 8/10 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 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,990
• − Mortgage interest: −$7,837
• − Property taxes: −$2,349
• − Insurance: −$700
• − Repairs & maintenance: −$1,759
• − Management: −$1,759
• − Depreciation: −$4,070
• Taxable income: $3,517
• Est. tax owed @ 24.0%: −$844
• After-tax cash flow: $4,676/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): 28,058
• Household income: $51,344
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 1868.0

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 (86%)
• Race & ethnicity: Black 86% White 6% Hispanic / Latino 4% Two or more races 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -0.57%
• Current HPI: 427.4453
• Rent YoY: ▲ 5.25%
• 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

+233.3% since first listed

17 events — show timeline

• 2026-04-12 Listed $150,000 BRIGHT MLS
• 2022-04-21 Sold (Public Records) $100,000 Public Records
• 2022-01-25 Sold (MLS) $100,000 BRIGHT MLS
• 2021-12-27 Pending — BRIGHT MLS
• 2021-12-22 Relisted — BRIGHT MLS
• 2021-11-27 Pending — BRIGHT MLS
• 2021-11-18 Relisted — BRIGHT MLS
• 2021-10-20 Pending — BRIGHT MLS
• 2021-09-11 Listed $99,999 BRIGHT MLS
• 2009-12-09 Sold (MLS) $40,000 BRIGHT MLS
• 2009-12-09 Sold (MLS) $40,000 MRIS
• 2009-11-12 Pending — MRIS
• 2009-11-11 Listing Removed — BRIGHT MLS
• 2009-11-06 Listed $44,900 MRIS
• 2009-11-06 Listed $44,900 BRIGHT MLS
• 1995-05-26 Sold (Public Records) $44,000 Public Records
• 1991-01-04 Sold (Public Records) $45,000 Public Records

Property tax history

+0.1%/yr

Latest (2025): $2,349 · -18.3% YoY. Source: county tax records.