3805 7th St · North Beach, MD 20714

$279,000

2 bd · 1.0 ba · 756 sqft · SingleFamily public records · 51 Days on market

Built 1930 2,625 sqft lot $369/sqft · 7% below area Est $301k · 7% 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).

• Cash flow +19.1/30.0
• ARV discount +10.7/15.0
• DSCR +6.0/10.0
• 1% rule +4.3/10.0
• Livability +4.0/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

. Charming and fully updated, this 2-bedroom, 1-bath home in North Beach is the perfect opportunity for first-time buyers or those looking to downsize. Featuring brand-new flooring and fresh paint throughout, this home offers a bright, clean, and move-in-ready feel from the moment you step inside. The beautifully renovated kitchen showcases modern updates and finishes, creating a stylish and functional space for everyday living. Exterior upgrades include new siding and a newer roof, giving peace of mind for years to come. Ideally located just minutes from local shopping, dining, and the scenic Chesapeake Bay, you’ll love easy access to the North Beach boardwalk, beaches, and waterfront restaurants. A true turnkey home in a desirable location—ready for its new owners to move right in and enjoy!

Key facts

• 2,625 sq ft lot
• 2 parking spots
• Built 1930

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $279k.

Deal economics

• At list price, monthly cash flow is $297 ($4k/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 $259k (7.2% below list).
• Recommended offer: $259k (7.2% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 3.4% in North Beach — 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 80/100 on livability (#50 in MD, #1,889 nationally) — a professional / high-income tenant draw. Strengths: health & safety A+, crime A, housing B+; Watch: cost of living D, schools D-.
• Calvert County Public Schools (rural): math 23% / reading 44% proficiency, ranked #5 of 24 in MD (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 19% free/reduced lunch — higher-income household profile.
• Market conditions: 22 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 101 units permitted in Calvert County in 2024 (0 in 5+ unit buildings).

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.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 27y 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 $118k; list at $279k implies a 137% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 69% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $258,823 (7.2% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. 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.
6. 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.
7. 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: 0.93% ✗
• Cap rate: 7.57%
• Cash-on-cash: 4.56%
• DSCR: 1.20
• GRM: 9.0

CMA / ARV

• ARV (median comp): $300,501
• List price: $279,000
• Delta: -7.16%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3915 8th St	0.17mi	2/1.0	722 (-4%)	9mo	$300,000	$416	78
3932 6th St	0.20mi	2/1.0	798 (+6%)	5mo	$270,000	$338	77
3821 3rd	0.20mi	2/1.0	726 (-4%)	13mo	$275,000	$379	73
3936 5th St	0.23mi	2/2.0	792 (+5%)	6mo	$342,000	$432	72
3922 7th St	0.18mi	2/1.0	840 (+11%)	8mo	$330,000	$393	66
4003 6th St	0.27mi	2/1.0	697 (-8%)	14mo	$305,000	$438	63
4038 8th St	0.36mi	2/2.0	816 (+8%)	6mo	$391,000	$479	61
3690 3rd St	0.24mi	2/1.0	864 (+14%)	9mo	$375,000	$434	57

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: -9.2%
• Equity multiple: 0.66×
• Total profit: $-26,376
• Equity at exit: $41,600

10-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $1,085
• Equity at exit: $24,123

Cash invested: $78,120 (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 20714

• Home prices YoY: -17.3%
• Active inventory: 22
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,588 medium
• Mortgage (P&I): −$1,463
• Tax from tax record: −$169 /mo · $2,022/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$544
• Net cashflow: $297

Break-even live

Break-even rent $2,212

Max offer price $279,000

Occupancy floor 84%

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: $69,750
• Closing costs: $8,370
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4114 3rd St Unit 2 North Beach, MD	2.0	2.0	1032	$2,695	$2.61	1d	1	0.47mi
9217 Annapolis Ave North Beach, MD	2.0	1.0	775	$2,500	$3.23	1d	1	0.52mi

Listing history 50 events

1. 2026-06-18
   days on market $279,000 Active 51 DOM
2. 2026-06-17
   days on market $279,000 Active 50 DOM
3. 2026-06-16
   days on market $279,000 Active 49 DOM
4. 2026-06-15
   days on market $279,000 Active 48 DOM
5. 2026-06-13
   days on market $279,000 Active 46 DOM
6. 2026-06-10
   price $279,000 Active 42 DOM
7. 2026-06-09
   days on market $289,000 Active 42 DOM
8. 2026-06-08
   days on market $289,000 Active 41 DOM
9. 2026-06-07
   days on market $289,000 Active 40 DOM
10. 2026-06-04
    days on market $289,000 Active 37 DOM
11. 2026-06-03
    days on market $289,000 Active 36 DOM
12. 2026-06-02
    days on market $289,000 Active 35 DOM
13. 2026-06-01
    days on market $289,000 Active 34 DOM
14. 2026-05-31
    days on market $289,000 Active 33 DOM
15. 2026-05-01
    status Active 816-char remark

    Show marketing remark (816 chars)

    . Charming and fully updated, this 2-bedroom, 1-bath home in North Beach is the perfect opportunity for first-time buyers or those looking to downsize. Featuring brand-new flooring and fresh paint throughout, this home offers a bright, clean, and move-in-ready feel from the moment you step inside. The beautifully renovated kitchen showcases modern updates and finishes, creating a stylish and functional space for everyday living. Exterior upgrades include new siding and a newer roof, giving peace of mind for years to come. Ideally located just minutes from local shopping, dining, and the scenic Chesapeake Bay, you’ll love easy access to the North Beach boardwalk, beaches, and waterfront restaurants. A true turnkey home in a desirable location—ready for its new owners to move right in and enjoy!

16. 2026-04-20
    historical Active Under Contract 816-char remark

    Show marketing remark (816 chars)

    . Charming and fully updated, this 2-bedroom, 1-bath home in North Beach is the perfect opportunity for first-time buyers or those looking to downsize. Featuring brand-new flooring and fresh paint throughout, this home offers a bright, clean, and move-in-ready feel from the moment you step inside. The beautifully renovated kitchen showcases modern updates and finishes, creating a stylish and functional space for everyday living. Exterior upgrades include new siding and a newer roof, giving peace of mind for years to come. Ideally located just minutes from local shopping, dining, and the scenic Chesapeake Bay, you’ll love easy access to the North Beach boardwalk, beaches, and waterfront restaurants. A true turnkey home in a desirable location—ready for its new owners to move right in and enjoy!

17. 2026-04-17
    listed $289,000 Active 816-char remark

    Show marketing remark (816 chars)

    . Charming and fully updated, this 2-bedroom, 1-bath home in North Beach is the perfect opportunity for first-time buyers or those looking to downsize. Featuring brand-new flooring and fresh paint throughout, this home offers a bright, clean, and move-in-ready feel from the moment you step inside. The beautifully renovated kitchen showcases modern updates and finishes, creating a stylish and functional space for everyday living. Exterior upgrades include new siding and a newer roof, giving peace of mind for years to come. Ideally located just minutes from local shopping, dining, and the scenic Chesapeake Bay, you’ll love easy access to the North Beach boardwalk, beaches, and waterfront restaurants. A true turnkey home in a desirable location—ready for its new owners to move right in and enjoy!

18. 2026-04-14
    historical $289,000 816-char remark

    Show marketing remark (816 chars)

    . Charming and fully updated, this 2-bedroom, 1-bath home in North Beach is the perfect opportunity for first-time buyers or those looking to downsize. Featuring brand-new flooring and fresh paint throughout, this home offers a bright, clean, and move-in-ready feel from the moment you step inside. The beautifully renovated kitchen showcases modern updates and finishes, creating a stylish and functional space for everyday living. Exterior upgrades include new siding and a newer roof, giving peace of mind for years to come. Ideally located just minutes from local shopping, dining, and the scenic Chesapeake Bay, you’ll love easy access to the North Beach boardwalk, beaches, and waterfront restaurants. A true turnkey home in a desirable location—ready for its new owners to move right in and enjoy!

19. 2014-08-18
    soldstatus $117,500
20. 2014-07-24
    soldstatus $117,000 Sold 358-char remark

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

21. 2014-07-24
    soldstatus $117,000

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

22. 2014-04-30
    status Contract 358-char remark

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

23. 2014-04-30
    historical

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

24. 2014-03-20
    status Active 358-char remark

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

25. 2014-03-09
    status Contingent (No Kick Out) 358-char remark

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

26. 2014-02-07
    status Active 358-char remark

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

27. 2014-02-02
    status Contract 358-char remark

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

28. 2013-12-03
    status Active 358-char remark

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

29. 2013-11-27
    status Contingent (No Kick Out) 358-char remark

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

30. 2013-11-22
    listed $125,000 Active 358-char remark

    Show marketing remark (358 chars)

    Needs work but lots of things have be done already! Home Warranty!!. Fresh paint , new carpet and clean. !2 Bedroom 1 bath with a nice size kitchen and little bonus room. At the end of the street you'll find restaurants, shopping and the beach with boardwalk. Wonderful community events throughout the year. Great Location with easy commute to Washington DC.

31. 2013-11-21
    listed $125,000
32. 2009-06-23
    historical
33. 2009-06-23
    historical
34. 2009-02-05
    price
35. 2009-02-05
    status
36. 2009-02-01
    historical
37. 2008-12-09
    historical
38. 2008-11-25
    listed
39. 2008-07-12
    price
40. 2008-06-03
    listed
41. 2008-06-03
    listed $225,999
42. 2007-09-24
    historical
43. 2007-06-18
    listed
44. 2007-05-01
    historical
45. 2007-03-29
    listed
46. 2007-02-27
    historical
47. 2006-10-04
    listed
48. 2005-08-16
    soldstatus $185,000
49. 2005-06-16
    historical
50. 2004-12-20
    soldstatus $85,000

ⓘ 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: $2,022 · $169/mo
• Projected year-2 tax: $2,532 · $211/mo
• Expected delta: +$509/yr (+$42/mo · 25.2%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,059
• − Mortgage interest: −$15,628
• − Property taxes: −$2,022
• − Insurance: −$1,395
• − Repairs & maintenance: −$2,485
• − Management: −$2,485
• − Depreciation: −$8,116
• Taxable loss: −$1,072
• Est. tax savings @ 24.0%: +$257
• After-tax cash flow: $3,819/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: Calvert County Public Schools
• NCES district ID: 2400150
• Math proficiency: 23% ▼ -29.00%
• Reading proficiency: 44% ▼ -15.00%
• Median HH income: $94,392
• Composite: 33.27/100
• National rank: #5511
• State rank: #5 of 24 in MD

Livability — North Beach

• Score: 80/100
• State rank: #50
• US rank: #1889

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,995

Population outlook (Calvert County) Hauer SSP2

• Today (2025): 94,825 people
• By 2030: 96,197 · +1.4%
• By 2040: 96,954 · +2.2%
• By 2050: 94,628 · -0.2%
• By 2075: 91,576 · -3.4%
• By 2100: 83,431 · -12.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 15% Two or more races 5% Hispanic / Latino 4% Asian 3% Pacific Islander 1%
• Common ancestry: Romanian 4% Italian 1% Lithuanian 1%
• Foreign-born: 6% · Canada
• Languages at home: 94% English-only · Other Indo-European 3% Spanish 3%

Political lean MEDSL · Calvert

• 2024 margin: R (+11.0) · D 43.5% · R 54.5% · Other 2.0%
• 2008→2024 swing: -4.6pp toward R · 2008: -6.3pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+5.6 2016: R+18.4 2012: R+8.2 2008: R+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -62.78%
• Current HPI: 299.6032
• Rent YoY: —
• Metro: —
• 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

+495.9% since first listed

40 events — show timeline

• 2026-05-01 Relisted — BRIGHT MLS
• 2026-04-20 Contingent — BRIGHT MLS
• 2026-04-17 Listed $289,000 BRIGHT MLS
• 2026-04-14 Coming Soon $289,000 BRIGHT MLS
• 2014-08-18 Sold (Public Records) $117,500 Public Records
• 2014-07-24 Sold (MLS) $117,000 BRIGHT MLS
• 2014-07-24 Sold (MLS) $117,000 MRIS
• 2014-04-30 Pending — MRIS
• 2014-04-30 Listing Removed — BRIGHT MLS
• 2014-03-20 Relisted — MRIS
• 2014-03-09 Pending — MRIS
• 2014-02-07 Relisted — MRIS
• 2014-02-02 Pending — MRIS
• 2013-12-03 Relisted — MRIS
• 2013-11-27 Pending — MRIS
• 2013-11-22 Listed $125,000 MRIS
• 2013-11-21 Listed $125,000 BRIGHT MLS
• 2009-06-23 Delisted — MRIS
• 2009-06-23 Listing Removed — BRIGHT MLS
• 2009-02-05 Price Changed — MRIS
• 2009-02-05 Relisted — MRIS
• 2009-02-01 Delisted — MRIS
• 2008-12-09 Delisted — MRIS
• 2008-11-25 Listed — MRIS
• 2008-07-12 Price Changed — MRIS
• 2008-06-03 Listed $225,999 BRIGHT MLS
• 2008-06-03 Listed — MRIS
• 2007-09-24 Delisted — MRIS
• 2007-06-18 Listed — MRIS
• 2007-05-01 Delisted — MRIS
• 2007-03-29 Listed — MRIS
• 2007-02-27 Delisted — MRIS
• 2006-10-04 Listed — MRIS
• 2005-08-16 Sold (MLS) $185,000 MRIS
• 2005-06-16 Delisted — MRIS
• 2004-12-20 Sold (Public Records) $85,000 Public Records
• 2004-12-19 Listed $185,000 MRIS
• 1999-06-22 Delisted — MRIS
• 1999-03-10 Listed — MRIS
• 1987-01-06 Sold (Public Records) $48,500 Public Records

Property tax history

+1.7%/yr

Latest (2025): $2,022 · +4.3% YoY. Source: county tax records.