1402 Woodenbridge Ln · Mount Airy, MD 21771

$220,000

3 bd · 1.0 ba · 768 sqft · SingleFamily public records · 321 Days on market

Built 1900 2.65 ac lot $286/sqft · 22% below area Est $424k · 48% under ↓ 20% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +8.2/30.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

Key facts

• 2.65 acre lot
• Built 1900
• Listed 321 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $-206 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $184k (16.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $167k (24.3% below list).
• Recommended offer: $167k (24.3% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 2.2% in Mount Airy — 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 72/100 on livability (#136 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A; Watch: amenities D-, commute F, cost of living F.
• Carroll County Public Schools (suburban): math 32% / reading 47% proficiency, ranked #2 of 24 in MD (top 8%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: 116 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 156 units permitted in Carroll County in 2024 (12 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 $7k of value loss. Plan a longer hold.
• Carroll County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 321 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $55k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• 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 $166,530 (24.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 321 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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?
8. 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.
9. 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.
10. 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: 0.76% ✗
• Cap rate: 5.17%
• Cash-on-cash: -4.01%
• DSCR: 0.82
• GRM: 11.0

CMA / ARV

• ARV (median comp): $424,191
• List price: $220,000
• Delta: -48.14%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -23.0%
• Equity multiple: 0.21×
• Total profit: $-48,729
• Equity at exit: $32,803

10-year hold

• IRR: -17.5%
• Equity multiple: 0.04×
• Total profit: $-59,203
• Equity at exit: $19,022

Cash invested: $61,600 (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 21771

• Active inventory: 116
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,665 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$276 /mo · $3,312/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $-206

Break-even live

Break-even rent $1,926

Max offer price $183,651

Occupancy floor —

Sensitivity live

Price	-10% $-81	-5% $-143	+0% $-206	+5% $-268	+10% $-330
Rent	-10% $-337	-5% $-272	+0% $-206	+5% $-140	+10% $-74
Rate	-1.0pp $-95	-0.5pp $-150	base $-206	+0.5pp $-263	+1.0pp $-321

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 Watersville Rd Apt 34 Mt Airy, MD	2.0	1.0	900	$1,395	$1.55	44d	1	1.22mi
201 Watersville Rd Apt 57 Mt Airy, MD	2.0	1.0	900	$1,295	$1.44	44d	1	1.22mi
206 N Towne Ct Mount Airy, MD	3.0	1.5	1080	$2,500	$2.31	24d	1	1.32mi

Listing history 23 events

1. 2026-06-18
   days on market $220,000 Active 321 DOM
2. 2026-06-17
   days on market $220,000 Active 320 DOM
3. 2026-06-16
   days on market $220,000 Active 319 DOM
4. 2026-06-15
   days on market $220,000 Active 318 DOM
5. 2026-06-13
   days on market $220,000 Active 316 DOM
6. 2026-06-09
   days on market $220,000 Active 312 DOM
7. 2026-06-08
   days on market $220,000 Active 311 DOM
8. 2026-06-07
   days on market $220,000 Active 310 DOM
9. 2026-06-04
   days on market $220,000 Active 307 DOM
10. 2026-06-03
    days on market $220,000 Active 306 DOM
11. 2026-06-02
    days on market $220,000 Active 305 DOM
12. 2026-05-31
    days on market $220,000 Active 304 DOM
13. 2026-03-18
    price $220,000 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

14. 2026-03-04
    price $240,000 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

15. 2026-03-04
    status Active 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

16. 2026-02-13
    historical Active Under Contract 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

17. 2025-11-27
    status Active 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

18. 2025-11-22
    status Pending 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

19. 2025-11-01
    status Active 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

20. 2025-10-30
    historical 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

21. 2025-07-06
    status Active 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

22. 2025-07-05
    listed $275,000 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

23. 2025-07-05
    historical 806-char remark

    Show marketing remark (806 chars)

    Back on the Market!! Price Adjustment!!!! Love Nature? This Home Is for You! This home is situated on a spacious 2.65-acre lot in Mount Airy, offering a private, rural feel while being just minutes from Main Street and nearby shopping centers. · Convenient location with a tranquil setting · Conventional and construction loan applications only (Please) · Cash offers are welcome · Sold "As-Is" – Buyer inspections will be for informational purposes only Showings by appointment only – Please contact 1st Showing Service to schedule. ✨ Bonus! Property includes an adjacent 0.125-acre land lot (SDAT Account Identifier: 001502), . ; ; List price includes both properties: 1402 Woodenbridge + Additional Land Lot!! Hurry - this offer won’t last long!!!

ⓘ 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: $3,312 · $276/mo
• Projected year-2 tax: $3,312 · $276/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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $19,984
• − Mortgage interest: −$12,323
• − Property taxes: −$3,312
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,599
• − Management: −$1,599
• − Depreciation: −$6,400
• Taxable loss: −$6,349
• Est. tax savings @ 24.0%: +$1,524
• After-tax cash flow: $-945/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: Carroll County Public Schools
• NCES district ID: 2400210
• Math proficiency: 32% ▼ -25.00%
• Reading proficiency: 47% ▼ -16.00%
• Median HH income: $84,594
• Composite: 37.33/100
• National rank: #4441
• State rank: #2 of 24 in MD

Livability — Mount Airy

• Score: 72/100
• State rank: #136
• US rank: #5825

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Airy, MD
• Population (ZIP): 32,827

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 169,677 people
• By 2030: 169,605 · +-0.0%
• By 2040: 166,205 · -2.0%
• By 2050: 158,312 · -6.7%
• By 2075: 143,013 · -15.7%
• By 2100: 122,431 · -27.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 9% Two or more races 5% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 7% Italian 3% Slovak 2%
• Foreign-born: 9% · Canada, South Korea, Jamaica
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 1% Korean 1%

Political lean MEDSL · Carroll

• 2024 margin: Strong R (+24.9) · D 36.2% · R 61.2% · Other 2.6%
• 2008→2024 swing: +6.2pp toward D · 2008: -31.2pp · 2024: -24.9pp
• All cycles: 2024: R+24.9 2020: R+23.7 2016: R+36.9 2012: R+34.0 2008: R+31.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -217.07%
• Current HPI: 293.3461
• 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

-20.0% since first listed

11 events — show timeline

• 2026-03-18 Price Changed $220,000 BRIGHT MLS
• 2026-03-04 Price Changed $240,000 BRIGHT MLS
• 2026-03-04 Relisted — BRIGHT MLS
• 2026-02-13 Contingent — BRIGHT MLS
• 2025-11-27 Relisted — BRIGHT MLS
• 2025-11-22 Pending — BRIGHT MLS
• 2025-11-01 Relisted — BRIGHT MLS
• 2025-10-30 Listing Removed — BRIGHT MLS
• 2025-07-06 Relisted — BRIGHT MLS
• 2025-07-05 Listing Removed — BRIGHT MLS
• 2025-07-05 Listed $275,000 BRIGHT MLS

Property tax history

+1.6%/yr

Latest (2025): $3,312 · +4.9% YoY. Source: county tax records.