23 Pierside Dr #326 · Baltimore, MD 21230

$155,000

1 bd · 1.0 ba · 765 sqft · Condo public records · 151 Days on market

Built 2005 $203/sqft · 26% below area Est $210k · 26% under $675/mo HOA · 35% of rent ↓ 41% 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
• 1% rule +7.6/10.0
• Cash flow +5.4/30.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

Key facts

• $675 HOA
• Garage
• Community pool

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $155k.

Deal economics

• At list price, monthly cash flow is $-339 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $95k (38.7% below list).
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $95k (38.7% below list) — sets the bar for cash-flow.
• Cap rate 3.7% vs local median 6.0% in Baltimore — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: crime F.
• Zoned schools: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL).
• Market conditions: Rents soft (-1.0%/yr); 363 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 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.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago; this cycle's ask has dropped $60k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; HOA is 35% of rent.

Recommended offer $95,066 (38.7% 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 151 days. Have you received any prior offers? Is the seller open to a 39% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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?
11. 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.
12. 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.
13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.26% ✓
• Cap rate: 3.67%
• Cash-on-cash: -9.38%
• DSCR: 0.58
• GRM: 6.6

CMA / ARV

• ARV (median comp): $210,215
• List price: $155,000
• Delta: -26.27%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -39.7%
• Equity multiple: -0.20×
• Total profit: $-51,913
• Equity at exit: $23,111

10-year hold

• IRR: —
• Equity multiple: -1.14×
• Total profit: $-92,977
• Equity at exit: $13,402

Cash invested: $43,400 (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 21230

• Rents YoY: -1.0%
• Active inventory: 363
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,950 high
• Mortgage (P&I): −$813
• Tax from tax record: −$327 /mo · $3,929/yr
• Insurance: −$65
• HOA: −$675
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $-339

Break-even live

Break-even rent $2,380

Max offer price $95,066

Occupancy floor —

Sensitivity live

Price	-10% $-252	-5% $-295	+0% $-339	+5% $-383	+10% $-427
Rent	-10% $-493	-5% $-416	+0% $-339	+5% $-262	+10% $-185
Rate	-1.0pp $-261	-0.5pp $-300	base $-339	+0.5pp $-379	+1.0pp $-420

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
23 Pierside Dr Baltimore, MD	1.0–2.0	1.0–2.0	985	$2,000	$2.03	18d	3	0.03mi
23 Pierside Dr Baltimore, MD	1.0–2.0	1.0–2.0	975	$1,800	$1.85	46d	1	0.03mi
1110 Key Hwy Baltimore, MD	1.0–2.0	1.0–2.5	1197	$1,956	$1.63	0d	30	0.09mi
400 E Cross St Baltimore, MD	1.0	1.0	900	$1,400	$1.56	25d	1	0.21mi
1265 Riverside Ave Unit 1st Floor Baltimore, MD	1.0	1.0	700	$1,350	$1.93	25d	1	0.25mi
301 Warren Ave Baltimore, MD	1.0–3.0	1.0–2.5	1533	$1,954	$1.27	0d	8	0.28mi
1290 Battery Ave Baltimore, MD	2.0	2.5	968	$2,900	$3.00	25d	1	0.31mi
1111 Light St Baltimore, MD	2.0	1.0–2.0	982	$2,154	$2.19	0d	12	0.33mi
803 E Fort Ave Unit 1 Baltimore, MD	2.0	1.0	1100	$2,300	$2.09	6d	1	0.37mi
1211 Light St Baltimore, MD	2.0	2.0	921	$2,172	$2.36	25d	1	0.38mi
1125 Light St Baltimore, MD	1.0	1.0	800	$1,300	$1.62	25d	1	0.38mi
1001 Light St Fl -2 Baltimore, MD	1.0	1.0	861	$1,350	$1.57	25d	1	0.40mi
1001 Light St Fl -3 Baltimore, MD	2.0	1.0	861	$1,350	$1.57	25d	1	0.40mi
900 E Fort Ave Baltimore, MD	2.0	1.0–2.5	936	$2,789	$2.98	0d	19	0.44mi
1412 Light St Unit 2 Baltimore, MD	1.0	1.0	800	$1,700	$2.12	4d	1	0.44mi
707 President St Baltimore, MD	1.0	1.0–1.5	740	$2,534	$3.42	0d	15	0.45mi
1026 Patapsco St Baltimore, MD	2.0	2.0	1008	$2,100	$2.08	25d	1	0.48mi
1001 Aliceanna St Baltimore, MD	1.0	1.0	626	$2,320	$3.71	0d	2	0.50mi
1201 S Charles St Baltimore, MD	2.0–3.0	2.0	1341	$2,100	$1.57	0d	4	0.50mi
1330 Lancaster St Unit C602 Baltimore, MD	1.0	1.0	899	$4,490	$4.99	45d	1	0.52mi
1 E Montgomery St Baltimore, MD	—	1.0	585	$1,750	$2.99	25d	1	0.54mi
1 E Montgomery St Baltimore, MD	—	1.0	535	$1,950	$3.64	45d	1	0.54mi
910 S Charles St Unit B Baltimore, MD	2.0	1.0	700	$1,650	$2.36	0d	1	0.54mi
1 E Montgomery St Unit 7 Baltimore, MD	1.0	1.0	535	$1,950	$3.64	45d	1	0.54mi
1301 Aliceanna St Baltimore, MD	1.0	1.0	669	$3,755	$5.61	0d	2	0.55mi
1503 S Charles St Unit 2 Baltimore, MD	2.0	2.0	1100	$2,375	$2.16	45d	1	0.57mi
555 President St Baltimore, MD	3.0	1.0–4.0	1352	$3,209	$2.37	0d	1	0.57mi
1702 Light St Unit 302 Baltimore, MD	2.0	2.0	735	$2,300	$3.13	19d	1	0.58mi
611 S Charles St Baltimore, MD	2.0	1.0–2.0	823	$2,498	$3.03	0d	7	0.59mi
49 E Heath St Baltimore, MD	2.0	1.5	858	$1,800	$2.10	13d	1	0.60mi
1312 S Hanover St Apt 3 Baltimore, MD	2.0	1.0	750	$2,200	$2.93	45d	1	0.60mi
1710 Marshall St Baltimore, MD	2.0	1.0	1110	$2,500	$2.25	45d	1	0.62mi
301 S President St Unit 1013815P Baltimore, MD	2.0	2.0	1097	$4,837	$4.41	0d	1	0.62mi
101 W Cross St Baltimore, MD	2.0	1.0–2.0	937	$2,566	$2.74	0d	25	0.64mi
1601 S Hanover St Apt 1R Baltimore, MD	2.0	1.0	900	$1,600	$1.78	4d	1	0.66mi
126 Burnett St Baltimore, MD	2.0	2.5	984	$2,200	$2.24	25d	1	0.66mi
1625 Olive St Baltimore, MD	2.0	2.0	672	$2,500	$3.72	45d	1	0.66mi
1700 S Charles St Baltimore, MD	1.0	1.0	600	$1,300	$2.17	45d	1	0.67mi
103 E Wells St Baltimore, MD	1.0–2.0	1.0	1008	$1,530	$1.52	4d	11	0.67mi
520 S Caroline St Unit 405 Baltimore, MD	2.0	1.0	890	$2,300	$2.58	25d	1	0.68mi

HOA detail condo

• Monthly dues: $675 · $8,100/yr
• Likely covers: gymdoormansecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-21
   days on market $155,000 Active 151 DOM
2. 2026-06-18
   days on market $155,000 Active 148 DOM
3. 2026-06-17
   days on market $155,000 Active 147 DOM
4. 2026-06-16
   days on market $155,000 Active 146 DOM
5. 2026-06-15
   days on market $155,000 Active 145 DOM
6. 2026-06-13
   days on market $155,000 Active 143 DOM
7. 2026-06-09
   days on market $155,000 Active 139 DOM
8. 2026-06-08
   days on market $155,000 Active 138 DOM
9. 2026-06-07
   days on market $155,000 Active 137 DOM
10. 2026-06-04
    days on market $155,000 Active 134 DOM
11. 2026-06-03
    days on market $155,000 Active 133 DOM
12. 2026-06-02
    days on market $155,000 Active 132 DOM
13. 2026-06-01
    days on market $155,000 Active 131 DOM
14. 2026-05-31
    days on market $155,000 Active 130 DOM
15. 2026-05-16
    price $155,000 923-char remark

    Show marketing remark (923 chars)

    Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

16. 2026-04-12
    price $190,000 923-char remark

    Show marketing remark (923 chars)

    Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

17. 2026-04-12
    status Active 923-char remark

    Show marketing remark (923 chars)

    Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

18. 2026-01-24
    historical Active Under Contract 923-char remark

    Show marketing remark (923 chars)

    Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

19. 2026-01-20
    price $205,000 923-char remark

    Show marketing remark (923 chars)

    Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

20. 2026-01-15
    status Active 923-char remark

    Show marketing remark (923 chars)

    Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

21. 2025-10-11
    historical 923-char remark

    Show marketing remark (923 chars)

    Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

22. 2025-10-09
    price $210,000 923-char remark

    Show marketing remark (923 chars)

    Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

23. 2025-08-01
    listed $215,000 Active 923-char remark

    Show marketing remark (923 chars)

    Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

24. 2025-07-31
    historical $215,000 923-char remark

    Show marketing remark (923 chars)

    Back on the market—buyer financing fell through. Appraised and priced below value, this is a standout opportunity for buyers wanting instant equity. Seller is motivated, can provide appraisal to streamline process, and ready to review all offers. Welcome to this move-in-ready 1-bedroom, 1-bath condo at 23 Pierside, Unit 326, featuring a spacious layout and serene views. Enjoy full-service amenities including 24-hour concierge, security, garage parking, conference room, and fitness center. Ideally located in Federal Hill, just minutes from downtown and Baltimore/Washington International Thurgood Marshall Airport, and near Federal Hill Park, Latrobe Park, and Riverside Park—plus steps from the Inner Harbor and Rash Field Park. Don’t miss your chance to own a beautiful condo at the center of Baltimore’s ongoing revitalization—schedule your private showing today and submit your offer!

25. 2021-09-15
    soldstatus $186,500
26. 2021-06-04
    soldstatus $186,500 Closed 552-char remark

    Show marketing remark (552 chars)

    Bright, beautiful spacious condo with oversized master suite in amenity rich Pierside! Gourmet kitchen with granite countertops and stainless steel appliances opens to large living room with beautiful courtyard views. Luxurious master suite with sitting area and attached spa bath and huge closet! Building offers garage parking, front desk, elevator, security, conference room and so much more! Stunning luxury community boasts outdoor pool, grotto, marina, fitness center, walking trails, and easy convenience to the Inner Harbor and commuter routes!

27. 2021-04-26
    status Pending 552-char remark

    Show marketing remark (552 chars)

    Bright, beautiful spacious condo with oversized master suite in amenity rich Pierside! Gourmet kitchen with granite countertops and stainless steel appliances opens to large living room with beautiful courtyard views. Luxurious master suite with sitting area and attached spa bath and huge closet! Building offers garage parking, front desk, elevator, security, conference room and so much more! Stunning luxury community boasts outdoor pool, grotto, marina, fitness center, walking trails, and easy convenience to the Inner Harbor and commuter routes!

28. 2021-04-26
    price $186,500 552-char remark

    Show marketing remark (552 chars)

    Bright, beautiful spacious condo with oversized master suite in amenity rich Pierside! Gourmet kitchen with granite countertops and stainless steel appliances opens to large living room with beautiful courtyard views. Luxurious master suite with sitting area and attached spa bath and huge closet! Building offers garage parking, front desk, elevator, security, conference room and so much more! Stunning luxury community boasts outdoor pool, grotto, marina, fitness center, walking trails, and easy convenience to the Inner Harbor and commuter routes!

29. 2021-04-22
    listed $185,000 Active 552-char remark

    Show marketing remark (552 chars)

    Bright, beautiful spacious condo with oversized master suite in amenity rich Pierside! Gourmet kitchen with granite countertops and stainless steel appliances opens to large living room with beautiful courtyard views. Luxurious master suite with sitting area and attached spa bath and huge closet! Building offers garage parking, front desk, elevator, security, conference room and so much more! Stunning luxury community boasts outdoor pool, grotto, marina, fitness center, walking trails, and easy convenience to the Inner Harbor and commuter routes!

30. 2007-08-10
    historical
31. 2007-07-23
    listed
32. 2005-08-10
    soldstatus $262,000

ⓘ 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: $3,929 · $327/mo
• Projected year-2 tax: $3,929 · $327/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $23,401
• − Mortgage interest: −$8,682
• − Property taxes: −$3,929
• − Insurance: −$775
• − Repairs & maintenance: −$1,872
• − Management: −$1,872
• − HOA: −$8,100
• − Depreciation: −$4,509
• Taxable loss: −$6,339
• Est. tax savings @ 24.0%: +$1,521
• After-tax cash flow: $-2,550/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)

No district data.

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): 32,977
• Household income: $91,842
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 1463.0

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 55% Black 23% Hispanic / Latino 13% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 1% Other Asian/Pacific 1%

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: ▼ -311.43%
• Current HPI: 284.338
• Rent YoY: ▼ -1.00%
• 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

-40.8% since first listed

18 events — show timeline

• 2026-05-16 Price Changed $155,000 BRIGHT MLS
• 2026-04-12 Price Changed $190,000 BRIGHT MLS
• 2026-04-12 Relisted — BRIGHT MLS
• 2026-01-24 Contingent — BRIGHT MLS
• 2026-01-20 Price Changed $205,000 BRIGHT MLS
• 2026-01-15 Relisted — BRIGHT MLS
• 2025-10-11 Listing Removed — BRIGHT MLS
• 2025-10-09 Price Changed $210,000 BRIGHT MLS
• 2025-08-01 Listed $215,000 BRIGHT MLS
• 2025-07-31 Coming Soon $215,000 BRIGHT MLS
• 2021-09-15 Sold (Public Records) $186,500 Public Records
• 2021-06-04 Sold (MLS) $186,500 BRIGHT MLS
• 2021-04-26 Pending — BRIGHT MLS
• 2021-04-26 Price Changed $186,500 BRIGHT MLS
• 2021-04-22 Listed $185,000 BRIGHT MLS
• 2007-08-10 Delisted — MRIS
• 2007-07-23 Listed — MRIS
• 2005-08-10 Sold (Public Records) $262,000 Public Records

Property tax history

-3.0%/yr

Latest (2025): $3,929 · +5.4% YoY. Source: county tax records.