130 Slade Ave #325 · Pikesville, MD 21208

$95,000

2 bd · 2.0 ba · 1,002 sqft · Condo public records · 113 Days on market

Built 1967 $95/sqft · 10% below area Est $106k · 10% under $700/mo HOA · 34% of rent

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Why this score? — see what drove the B- 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 +23.6/30.0
• ARV discount +12.1/15.0
• 1% rule +10.0/10.0
• DSCR +7.6/10.0
• Rent growth +3.9/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious and well-maintained condo in convenient Pikesville location, close to public transportation and daily amenities. Some furniture conveys as shown. Laundry facilities on each floor. This property is reserved for owner-occupants only, fostering a stable and community-oriented environment. The elevator is currently not in service and anticipated to be back in service later this year.

Key facts

• Laundry facilities
• Pikesville location
• $700 HOA

Tags

• PIKESVILLE LOCATION
• PUBLIC TRANSPORTATION
• LAUNDRY FACILITIES
• COMMUNITY-ORIENTED ENVIRONMENT

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $95k.

Deal economics

• At list price, monthly cash flow is $178 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $86k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 2.6% in Pikesville — 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 69/100 on livability (#191 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: schools C-, amenities F, commute F.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+5.6%/yr); 170 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 5.6% rent growth), your $27k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 113 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 30y 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.

Risks & watch-outs

• Watch-outs: HOA is 34% of rent.
• Climate carrying-cost: moderate wind risk, 23% 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 $86,450 (9.0% below list)

Questions for the listing agent

1. It's been on market 113 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 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: 2.14% ✓
• Cap rate: 8.55%
• Cash-on-cash: 8.05%
• DSCR: 1.36
• GRM: 3.9

CMA / ARV

• ARV (median comp): $105,749
• List price: $95,000
• Delta: -10.16%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.64% rent growth · sell at horizon

5-year hold

• IRR: 1.9%
• Equity multiple: 1.08×
• Total profit: $2,017
• Equity at exit: $14,165

10-year hold

• IRR: 15.9%
• Equity multiple: 2.60×
• Total profit: $42,449
• Equity at exit: $8,214

Cash invested: $26,600 (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 21208

• Rents YoY: 5.6%
• Active inventory: 170
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $2,033 high
• Mortgage (P&I): −$498
• Tax from tax record: −$190 /mo · $2,279/yr
• Insurance: −$40
• HOA: −$700
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $178

Break-even live

Break-even rent $1,807

Max offer price $95,000

Occupancy floor 86%

Sensitivity live

Price	-10% $232	-5% $205	+0% $178	+5% $152	+10% $125
Rent	-10% $18	-5% $98	+0% $178	+5% $259	+10% $339
Rate	-1.0pp $226	-0.5pp $203	base $178	+0.5pp $154	+1.0pp $129

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
515 Marshall Ave Pikesville, MD	3.0	2.0	1200	$2,750	$2.29	44d	1	0.11mi
19 Warren Park Dr Pikesville, MD	3.0	1.0–2.0	903	$1,467	$1.62	3d	10	0.19mi
220 Brightside Ave Pikesville, MD	3.0	1.5	1233	$2,500	$2.03	18d	1	0.21mi
3700 Seven Mile Ln Pikesville, MD	1.0–2.0	1.0–2.0	1063	$1,723	$1.62	2d	13	0.63mi
7248 Early Golden Ln Unit 7248 Pikesville, MD	3.0	2.5	1280	$2,500	$1.95	24d	1	0.68mi
6936 Blanche Rd Baltimore, MD	3.0	1.5	1410	$1,800	$1.28	44d	1	0.70mi
7307 Park Heights Ave Pikesville, MD	2.0	2.0–2.5	1251	$2,506	$2.00	2d	5	0.72mi
7220 Park Heights Ave Pikesville, MD	2.0	2.0	1050	$1,565	$1.49	3d	2	0.73mi
808 Templecliff Rd Pikesville, MD	3.0	2.0	1200	$2,300	$1.92	13d	1	0.88mi
6609 Eberle Dr Baltimore, MD	1.0–3.0	1.0–2.0	1011	$1,478	$1.46	2d	25	1.01mi
6810 Park Heights Ave Baltimore, MD	1.0	1.0	800	$1,295	$1.62	44d	1	1.05mi
3607 Labyrinth Rd Baltimore, MD	1.0–3.0	1.0–2.0	925	$1,600	$1.73	20d	5	1.10mi
1 Pomona N Pikesville, MD	1.0–2.0	1.5–2.0	1387	$2,117	$1.53	2d	22	1.12mi
3809 Clarks Ln Unit 301 Baltimore, MD	2.0	2.0	1057	$1,600	$1.51	24d	1	1.16mi
4 Deauville Ct Pikesville, MD	1.0–3.0	1.0–2.0	1017	$1,721	$1.69	3d	24	1.23mi
3705 Midheights Rd Baltimore, MD	3.0	1.5	1024	$1,900	$1.86	24d	1	1.26mi
4412 Old Court Rd Pikesville, MD	2.0	2.0	1066	$1,400	$1.31	44d	1	1.33mi
3800 Fords Ln Baltimore, MD	1.0	1.0	710	$1,250	$1.76	2d	3	1.35mi
3638 Fords Ln Baltimore, MD	2.0	2.0	1001	$1,795	$1.79	44d	1	1.37mi
3014 Romaric Ct Baltimore, MD	2.0	2.0	940	$1,709	$1.82	2d	1	1.44mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	720	$1,569	$2.18	3d	1	1.44mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	720	$1,589	$2.21	13d	1	1.44mi
3014 Romaric Ct Baltimore, MD	2.0	1.0	880	$1,724	$1.96	5d	1	1.44mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	720	$1,549	$2.15	44d	1	1.44mi
4008 Fordleigh Rd Baltimore, MD	1.0–2.0	1.0	695	$1,305	$1.88	5d	6	1.44mi

HOA detail condo

• Monthly dues: $700 · $8,400/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-18
   days on market $95,000 Active 113 DOM
2. 2026-06-17
   days on market $95,000 Active 112 DOM
3. 2026-06-16
   days on market $95,000 Active 111 DOM
4. 2026-06-15
   days on market $95,000 Active 110 DOM
5. 2026-06-13
   days on market $95,000 Active 108 DOM
6. 2026-06-09
   days on market $95,000 Active 104 DOM
7. 2026-06-08
   days on market $95,000 Active 103 DOM
8. 2026-06-07
   days on market $95,000 Active 102 DOM
9. 2026-06-04
   days on market $95,000 Active 99 DOM
10. 2026-06-03
    days on market $95,000 Active 98 DOM
11. 2026-06-02
    days on market $95,000 Active 97 DOM
12. 2026-06-01
    days on market $95,000 Active 96 DOM
13. 2026-05-31
    days on market $95,000 Active 95 DOM
14. 2026-04-04
    price $95,000 392-char remark

    Show marketing remark (392 chars)

    Spacious and well-maintained condo in convenient Pikesville location, close to public transportation and daily amenities. Some furniture conveys as shown. Laundry facilities on each floor. This property is reserved for owner-occupants only, fostering a stable and community-oriented environment. The elevator is currently not in service and anticipated to be back in service later this year.

15. 2026-02-25
    listed $99,000 Active 392-char remark

    Show marketing remark (392 chars)

    Spacious and well-maintained condo in convenient Pikesville location, close to public transportation and daily amenities. Some furniture conveys as shown. Laundry facilities on each floor. This property is reserved for owner-occupants only, fostering a stable and community-oriented environment. The elevator is currently not in service and anticipated to be back in service later this year.

16. 2007-12-31
    soldstatus $107,900
17. 2007-12-13
    soldstatus $107,900 Sold 290-char remark

    Show marketing remark (290 chars)

    VERY MOTIVATED SELLERS!!THEY WANT THIS CONDO SOLD!!MAKE AN OFFER!! SHOWS GREAT NEUTRAL DECOR THRU-OUT. UPDATED KITCHEN. LARGE LIVING ROOM AND FORMAL DINING ROOM. SPACIOUS MASTER BR. WITH WALK-IN-CLOSET AND MASTER BATH!! PLENTY OF STORAGE!! 24 HR DOORMAN. SECURED BUILDING. OWNERS SAY SELL!!

18. 2007-11-26
    historical 290-char remark

    Show marketing remark (290 chars)

    VERY MOTIVATED SELLERS!!THEY WANT THIS CONDO SOLD!!MAKE AN OFFER!! SHOWS GREAT NEUTRAL DECOR THRU-OUT. UPDATED KITCHEN. LARGE LIVING ROOM AND FORMAL DINING ROOM. SPACIOUS MASTER BR. WITH WALK-IN-CLOSET AND MASTER BATH!! PLENTY OF STORAGE!! 24 HR DOORMAN. SECURED BUILDING. OWNERS SAY SELL!!

19. 2007-11-03
    price $108,900 290-char remark

    Show marketing remark (290 chars)

    VERY MOTIVATED SELLERS!!THEY WANT THIS CONDO SOLD!!MAKE AN OFFER!! SHOWS GREAT NEUTRAL DECOR THRU-OUT. UPDATED KITCHEN. LARGE LIVING ROOM AND FORMAL DINING ROOM. SPACIOUS MASTER BR. WITH WALK-IN-CLOSET AND MASTER BATH!! PLENTY OF STORAGE!! 24 HR DOORMAN. SECURED BUILDING. OWNERS SAY SELL!!

20. 2007-10-06
    price $117,900 290-char remark

    Show marketing remark (290 chars)

    VERY MOTIVATED SELLERS!!THEY WANT THIS CONDO SOLD!!MAKE AN OFFER!! SHOWS GREAT NEUTRAL DECOR THRU-OUT. UPDATED KITCHEN. LARGE LIVING ROOM AND FORMAL DINING ROOM. SPACIOUS MASTER BR. WITH WALK-IN-CLOSET AND MASTER BATH!! PLENTY OF STORAGE!! 24 HR DOORMAN. SECURED BUILDING. OWNERS SAY SELL!!

21. 2007-08-08
    price $124,300 290-char remark

    Show marketing remark (290 chars)

    VERY MOTIVATED SELLERS!!THEY WANT THIS CONDO SOLD!!MAKE AN OFFER!! SHOWS GREAT NEUTRAL DECOR THRU-OUT. UPDATED KITCHEN. LARGE LIVING ROOM AND FORMAL DINING ROOM. SPACIOUS MASTER BR. WITH WALK-IN-CLOSET AND MASTER BATH!! PLENTY OF STORAGE!! 24 HR DOORMAN. SECURED BUILDING. OWNERS SAY SELL!!

22. 2007-07-24
    price $124,500 290-char remark

    Show marketing remark (290 chars)

    VERY MOTIVATED SELLERS!!THEY WANT THIS CONDO SOLD!!MAKE AN OFFER!! SHOWS GREAT NEUTRAL DECOR THRU-OUT. UPDATED KITCHEN. LARGE LIVING ROOM AND FORMAL DINING ROOM. SPACIOUS MASTER BR. WITH WALK-IN-CLOSET AND MASTER BATH!! PLENTY OF STORAGE!! 24 HR DOORMAN. SECURED BUILDING. OWNERS SAY SELL!!

23. 2007-07-12
    price $129,000 290-char remark

    Show marketing remark (290 chars)

    VERY MOTIVATED SELLERS!!THEY WANT THIS CONDO SOLD!!MAKE AN OFFER!! SHOWS GREAT NEUTRAL DECOR THRU-OUT. UPDATED KITCHEN. LARGE LIVING ROOM AND FORMAL DINING ROOM. SPACIOUS MASTER BR. WITH WALK-IN-CLOSET AND MASTER BATH!! PLENTY OF STORAGE!! 24 HR DOORMAN. SECURED BUILDING. OWNERS SAY SELL!!

24. 2007-05-20
    listed $134,900 290-char remark

    Show marketing remark (290 chars)

    VERY MOTIVATED SELLERS!!THEY WANT THIS CONDO SOLD!!MAKE AN OFFER!! SHOWS GREAT NEUTRAL DECOR THRU-OUT. UPDATED KITCHEN. LARGE LIVING ROOM AND FORMAL DINING ROOM. SPACIOUS MASTER BR. WITH WALK-IN-CLOSET AND MASTER BATH!! PLENTY OF STORAGE!! 24 HR DOORMAN. SECURED BUILDING. OWNERS SAY SELL!!

25. 2005-11-02
    soldstatus $94,000
26. 1996-07-30
    soldstatus $68,000
27. 1996-07-06
    historical
28. 1996-07-06
    listed $68,000

ⓘ 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: $2,279 · $190/mo
• Projected year-2 tax: $2,279 · $190/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 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,396
• − Mortgage interest: −$5,321
• − Property taxes: −$2,279
• − Insurance: −$475
• − Repairs & maintenance: −$1,952
• − Management: −$1,952
• − HOA: −$8,400
• − Depreciation: −$2,764
• Taxable income: $1,254
• Est. tax owed @ 24.0%: −$301
• After-tax cash flow: $1,840/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Baltimore County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Pikesville

• Score: 69/100
• State rank: #191
• US rank: #8765

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pikesville, MD
• County: Baltimore County · 769,527 people
• City population: 37,276
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 37,276
• Household income: $90,131
• Rent vs Own: 33.1% rent · 66.9% own
• Severe rent burden: 1588.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 47% Black 43% Hispanic / Latino 4% Two or more races 4% Asian 3%
• Common ancestry: Scotch-Irish 4% Romanian 3% Subsaharan African 2%
• Foreign-born: 12% · Canada, China
• Languages at home: 85% English-only · Spanish 4% Other Indo-European 2% Russian/Polish/Slavic 2%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -299.14%
• Current HPI: 237.5825
• Rent YoY: ▲ 5.64%
• 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

+39.7% since first listed

15 events — show timeline

• 2026-04-04 Price Changed $95,000 BRIGHT MLS
• 2026-02-25 Listed $99,000 BRIGHT MLS
• 2007-12-31 Sold (Public Records) $107,900 Public Records
• 2007-12-13 Sold (MLS) $107,900 MRIS
• 2007-11-26 Delisted — MRIS
• 2007-11-03 Price Changed $108,900 MRIS
• 2007-10-06 Price Changed $117,900 MRIS
• 2007-08-08 Price Changed $124,300 MRIS
• 2007-07-24 Price Changed $124,500 MRIS
• 2007-07-12 Price Changed $129,000 MRIS
• 2007-05-20 Listed $134,900 MRIS
• 2005-11-02 Sold (Public Records) $94,000 Public Records
• 1996-07-30 Sold (MLS) $68,000 MRIS
• 1996-07-06 Listed $68,000 MRIS
• 1996-07-06 Delisted — MRIS

Property tax history

+1.6%/yr

Latest (2025): $2,279 · +11.2% YoY. Source: county tax records.